Takeaways

This post is courtesy of David Marcos, a member of the Texas Executive MBA at Mexico City class of 2013.

The Executive MBA program has a lot to offer. Even though classes are spaced apart, you end up receiving huge chunks of information, most of which seems to elude your brain a couple of hours (or beers) after the exams.

As managers, or executives, we always want to hear the takeaways, what will stay with you forever, and most importantly, what will pop out in business meetings or late at night when you’re trying to unravel some problem.

I couldn’t possibly write all I’ve taken away from the EMBA in just a couple of lines, but I will try to lay some of it on the table; make what you want of it. Continue reading

McCombs Marketing Conference 2012

“Insights and Actions for Tomorrow’s Marketing Challenges.”

Typically, I don’t pay too much attention to conference themes. I generally go to conferences, listen to the speakers, network, get my takeaways, and go about my life a little more informed than I was before the conference. However, the theme from the first annual CCIMS & Marketing Fellows Conference still has me thinking. How can I be a better marketer? Will the term “marketer” even exist in ten years? Do I have customers, or do I have people in which I must successfully engage or else I will fail?

Jodi Allen

Jodi Allen of P&G presents on Thursday night.

The conference started Thursday night with a networking reception, dinner, and keynote presentation by Jodi Allen, the Vice President of North America Marketing & Brand Operations at Proctor & Gamble.  Jodi spoke of P&G’s forward-thinking mindset, using brands like Secret, Old Spice, and Pampers to demonstrate how people (both on the marketing side and on the customer side) are so vital to company’s success. Her presentation included behind-the-scenes conversations and problems these brands faced, and then showed how they persevered and are all the better for it.  Even at one of the biggest Consumer Packaged Goods companies in the world, people are the core focus of marketing. It was an enlightening conversation, complete with some tears after previews of P&G’s Olympics commercials.

Bob Johansen

Bob Johansen giving the keynote address Friday morning.

The next day started with the Keynote Presentation from Bob Johansen, Distinguished Fellow from the Institute for the Future. I will admit, I was a bit skeptical of a presentation. But Bob proved me wrong within a minute of speaking. This man was not only a fabulous presenter, but he came equipped with thought provoking insights and challenges. His predictions for the future of marketing  – as seen in my previous questions – left the room full of questions and ideas and excitement.

Next up was a panel on “The Impact of Shopper Marketing.” Having been interested specifically in shopper marketing for a few years now, I was very excited about this panel.  We heard from Art Ash (Deloitte), Brian Graham (Sam’s Club), Marissa Solis (Frito-Lay), Michael Treichler (Dr. Pepper Snapple Group), and moderator John Ellett (nFusion Group). These folks are experts in shopper marketing and it was certainly interesting to hear their perspectives and predictions. Some of my takeaways included: the highest form of equity is earning a consumer’s recommendation; the “shopper” is the common language of retailer and manufacturer and allows both to level the playing field; the goals of shopper marketing include justifying ROI, maximizing the brands, and growing the categories.

Marketing Fellows Presidents

Meagan Pishnick and Ashley Weber, 2012 and 2013 Marketing Fellows Presidents.

After lunch we attended the final panel titled “Leveraging Marketing Analytics for the Future.” My former professor Ty Henderson moderated a group including Joseph Kelly (Infochimps), George Sadler (Dell), Jef Urbanek (AT&T), and Chris Winiewicz (AMD). This panel covered topics such as turning data into a means to expand a porfolio of connections with customers; what next generation analytics will look like; what are key challenges when faced with the enormity of available data; and ultimately, “what does the data even mean.” While I knew from Ty’s class how important analytics are to marketing, this panel certainly drove that message home. Companies who will be most successful will figure out how to best use that data for strategic growth.

For a first year conference, this one was one of the most enlightening conferences I have ever attended. I was proud to be a McCombs Marketing Fellow and grateful for the opportunity to sit next to such accomplished marketing professionals and exchange ideas.  I’m very glad to see McCombs putting this effort into demonstrating our marketing capabilities at McCombs. Looking forward to next year already!

If you want to follow our thoughts from the conference, look for #McCombsMktConf on Twitter.

Photos taken by Praveen Katta.

Speakers at McCombs

Scott Tinker

Dr. Scott Tinker presents at Texas Enterprise speaker series event

Today was one of those days that confirmed my decision to return to McCombs. It was a day of immense learning and education – and ironically all of it came from outside class.

First up was Dr. Scott Tinker discussing the future of energy at a Texas Enterprise lunchtime speaker series event. I love Texas Enterprise, and I was thrilled when I realized my schedule would allow me to attend this presentation. In case you didn’t know it, the University of Texas is a leader in energy education, and McCombs has been stepping things up with the recent launch of the UT Energy Poll.  Having worked in the wind power industry out of undergrad, I am always interested in hearing the latest thoughts and trends about energy. Dr. Tinker was fascinating, and his documentary entitled “Switch” looks equally fascinating.  (The part he showed was shot in India – since I will be going there in March on a global trip, I found this particularly relevant.)

Blaine McPeak, CEO of White Wave, presents to the Marketing Fellows

Later in the day, Marketing Fellows hosted Blaine McPeak, the CEO of WhiteWave Foods. Some of WhiteWave’s brands include Silk, Horizon Organic, and International Delight. He spent two hours with us talking about reframing a brand for growth and providing specific examples from his experience.  The fact that ~20 of us had an intimate conversation with such an accomplished person is somewhat mind-blowing for me. The conversation was so informative, honest, and inspiring.

Helayne GWIB

Helayne Angelus speaks to GWIB

Finally, I attended a Graduate Women in Business speech by Helayne Angelus, Kalypso principal and founder of the Network of Executive Women. It was refreshing to hear a speech from an accomplished woman that emphasized being true to oneself and having fun. She was an impressive, enthusiastic, and funny speaker. Again I left feeling inspired!

It’s crazy to think that I heard all of these amazing speakers in just one day at McCombs. In all honesty, I don’t think this is particularly abnormal either – you just have to be on the lookout and then show up.

Dean Gilligan interviews Indra Nooyi in 2010

Thinking of these speeches reminds me of my favorite speaker I have seen at McCombs. This was in 2010, before I even decided to return to grad school. Luckily my alumni status provided me access to the VIP speaker series.  The speaker(s): Indra Nooyi, CEO of PepsiCo, and Dean Tom Gilligan. To be fair, Indra is my idol and seeing her was similar to seeing my favorite band in concert with front row tickets. No, actually, this was better. I credit this event for sparking my interest in getting my MBA.

So there you have it. McCombs = Amazing speakers, insights, and access. I’m glad I have another 1.5 years to take advantage of more!

Marketing Trek

The past month has been a whirlwind.  I thought surely the second quarter would be easier than the first quarter, but I now have to laugh at that thought. Class workload is still high, but now we’re really getting involved with things outside class, like the MBA+ project, recruiting events, career fairs, case challenges, networking, club activities, etc… I never quite understood the power of my Outlook calendar until this month – but it now dictates my every move, and I am lost without it!

I didn’t realize we only two days of classes last week until I consulted Outlook on Sunday night.  Why only two days of classes? Because McCombs is on top of things! They want us out and networking and learning about potential career opportunities.  This week, my fellow classmates headed out to New York City, Houston, and Portland to learn about corporate finance, energy consulting, marketing, investment banking, and clean energy. Those interested in entrepreneurship stayed in Austin – we are, after all, a start-up capital city!

I chose to attend the Dallas Marketing Trek and had the opportunity to visit the headquarters of Dr. Pepper Snapple Group, Yum! Brands, and Frito Lay. More impressive was the ability to meet the marketing teams behind these companies.  Hearing from the Chief Marketing Officer of Pizza Hut, the Brand Manager responsible for Cheeto’s, and the Shopper Marketing Director for Dr. Pepper Snapple is clearly not an opportunity one gets every day. (I could go on for quite a while about the various people we met – there were a ton of of amazing people with great insights into their jobs.)

Here are a few pictures. Can you guess where we are?

Pretty cool, huh? I’ll let you in on a little business school secret.  When you start school, you don’t have to know exactly what you want to be when you grow up. However, if you can narrow it down to one or two specializations, and then focus your attention on capitalizing on opportunities within McCombs related to those specializations, you will be amazed at how much you can learn even in just a few months.

Even if you know exactly what you want to do, you should still take advantage of the multitude of resources McCombs offers. When else will you be able to make your non-b-school friends jealous about things like visiting the flavor labs for Dr. Pepper? (The answer – probably never! So take advantage while you can!)

Brand Camp

I’m finally coming up for air after midterms… I’m happy to say that I survived them. I could go on and on about them, but I’d rather talk about something a little less stressful and a lot more fun.

Two Friday’s ago I had the opportunity to participate in the CCIMS / Marketing Fellows “Brand Camp.” The day went from 11:00am to 5:00pm and was filled with all things marketing. (Finally! A subject that I understand!) Let me first explain a few things.

What is CCIMS? It is the Center for Customer Insight & Marketing Solutions, and its mission is “focused on identifying and facilitating work in areas deemed most important to the marketing profession.” It is also where you can find Marketing Fellows, which is a select group of MBA’s (i.e. you have to apply & be chosen) that “provide the opportunity to develop marketing acumen and management skills through a combination of focused curriculum and consulting projects, serving to elevate the caliber of marketing students produced at McCombs and the reputation of the Marketing Department overall.” I should mention, we are already in the application process for Marketing Fellows! Organizations don’t waste any time at Texas!

Back to Friday. I’ll be honest – spending 6 hours at Brand Camp seemed daunting in the face of all the studying to be done. However, I was ready for some marketing! The morning started with a panel of MBA grads representing Tostitos (Frito Lay), Deloitte, and AT&T. They discussed their various marketing roles and offered insight into their positions. I found the panel very insightful and learned quite a bit more about brand management and marketing consulting.  Next we had a networking luncheon to talk with our classmates and the 2nd Year Fellows. Then Ben Bentzin, who will be my marketing professor in a few weeks, gave a presentation about the importance of marketing. My favorite part was his explanation of University of Texas as a brand.  (DeLoss Dodds is one smart athletic director, by the way. But I’ll save that for class.) Have I mentioned how excited I am for a marketing class, by the way?

Phillip, Purva, Jason & Me... Go Team!

Last, we broke into teams and were tasked to create a marketing campaign for a really, er, odd product. I won’t spoil the details in case Fellows decides to use this idea again, but I will say that it was SO MUCH FUN! After an hour of preparation, my team pitched our marketing plan to the earlier panel participants and other Fellows. I loved it – the pitch, the strategy, the teamwork… THIS is why I came back to business school! We didn’t win, but it didn’t matter. I felt energized and excited – even in the face of a weekend of studying.

In light of my business school FOMO, I know that deep down I will always be most passionate about the marketing and strategy of a company, whether it’s my own company or someone else’s. I’m thankful there are so many resources at McCombs to help me on this path.

I’ll end with this advice… Even when faced with more work than you think you can handle, don’t skip out on opportunities like this.  They are worth it!

Marketing Fellows and Student Groups

Marketing Fellows

This past week was a great week in Marketing Fellows.  This is a selective marketing group on campus that helps students who are concentrating in marketing. One of the coolest things about this group is that we have our own class in which we have weekly speakers from the industry.  Last week we were visited by AG Lafley (ex CEO of P&G) and Jim Trebilcock (current CMO of Dr Pepper/Snapple Group). This is a great group to be part of, but if marketing isn’t your thing, there are many other groups to shoot for. Check out the list here.

***Hint For Prospective Students***

Being part of a student organization is an important part of student life at McCombs. It’s not completely necessary, but I would add something about how you would contribute to one of these groups in your essays.  This shows the staff that you’re really doing your research and will be active when you get here ;)

-Morgan