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MBAs get ‘smart’ with marketing plan
Some of the MBA students who presented a marketing plan to Smart Car executives pose with one of the cars. Photo: NANCY J. PARISI
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“Your analysis was well thought out, well presented and you really captured the essence of our brand.”
David Schembri, president and CEO of Smart USA, joined about 20 Smart Car owners at UB on Monday to hear some creative strategies from UB MBA students for marketing the Smart Car.
Several other executives from Smart USA, faculty, staff and MBA students also were at the event, which was hosted by the School of Management and Smart USA as the culmination of a semester-long project for the school’s MBA marketing management course.
At the beginning of the semester, Arun Jain, Samuel P. Capen Professor of Marketing Research, charged 18 teams of first-year MBAs with developing a hypothetical marketing plan for the U.S. launch of the Smart Car.
To prepare them for their research, Jain hosted a Smart Car visit in January where students test drove the Smart Car on the North Campus and learned about its creative customization options, outstanding safety ratings and other features that differentiate it from other vehicles.
Smart Car representatives were impressed with the initiative and Schembri offered to visit at the end of the semester, combining the MBA event with the company’s annual celebration for Smart Car owners.
Monday’s activities began with a rally in a UB parking lot where Smart Car owners parked their micro-compact vehicles in a row and joined MBA students and Smart Car executives in creating a “smart art” poster with painted handprints to honor the collaboration with a “lend a hand” theme.
After a buffet dinner, two of the MBA teams presented their marketing proposals to the guests, getting favorable reviews from Smart Car owners and executives alike.
“I was impressed with the caliber of students and their presentations,” said Smart Car owner Alice Spies.
“They were just amazing,” added Brooke Arber, brand manager of Smart Center Buffalo, who was instrumental in making the Smart Car collaboration with the School of Management a success.
The highlight of the evening were remarks from Schembri, who shared with the audience how Smart Car came to the U.S. and why it has been so wildly successful. He also lauded the student presentations, saying that Smart Car came to many of the same conclusions in its real plan.
“Your analysis was well thought out, well presented and you really captured the essence of our brand,” Schembri told the student teams. “And your recommendations were spot on.”
He also said the teams had a few ideas that Smart Car might use down the road. “Don’t worry, though; we’ll be sure to work with you if we do,” he assured the teams.
David Frasier, assistant dean and director of the MBA program, said that ultra-low emissions, high fuel efficiency and the high priority that Smart Car gives environmental friendliness gave this event a nice tie-in with UB’s green mission.
“And our MBA students gained an understanding of the sustainability issues that managers face today,” said Frasier.
Jain teaches marketing theory by grounding it with real-world practices. MBA students were immersed in a number of activities, including a visit to Fisher-Price in February to learn about new product marketing, presentations in March from executives at Merck and Kimberly Clark about their product marketing strategies and a trip in April to an advertising agency.
“Real-world contact with these high profile companies and executives gives students exposure to the depth and breadth of what it takes to create a comprehensive marketing strategy, Jain said. “This is not the kind of information you can get from a textbook.”
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