Sponsor a Marketing Lab Project

Alex WardWhen you sponsor a marketing lab project, you not only interact with future marketing talent—you also receive low-cost, data-driven analysis and recommendations to a problem you need solved.

Our approach

  • Projects are integrated into a 10-week course with all deliverables graded by the professor.
  • Students apply course concepts to their projects in real time.
  • Students conduct qualitative and quantitative research with their target consumer audience.
  • Senior marketing and innovation strategy consultants serve as project mentors to guide each team.
  • Companies interact regularly with student teams to review interim and final deliverables.
 

Download Overview

“Working with the Booth students on this project was incredibly valuable. They provided a fresh perspective and actionable recommendations to the problems of a very complicated industry. The team was very professional and a pleasure to work with.”

–Jamie Van Haren, Brand Manager, Bacardi
  • Opportunity to interact with future marketing talent
  • Data-driven analysis and recommendations, including:
    • Regular interaction with student team
    • Formal presentation of final recommendations to company managers
    • Annotated PowerPoint deck containing results from all phases of the project
    • Primary and secondary research findings, including quantitative survey results

In this course, students develop new products or service innovations for a particular category and target consumer. Types of projects suitable for the New Product Innovation Lab include:

  • Mobile-app concepts
  • New category entries
  • Next-generation products/services
  • Line extensions
  • New service experiences

Each project consists of three phases:

  1. Opportunity identification (using qualitative and secondary research)
  2. Idea generation, screening, and new concept development
  3. Concept testing (quantitative) and recommendations for top three new product/service concepts

Download Project Charter

In this course, students perform growth projects on behalf of the company. The focus of these projects is to help clients identify and enter new markets—that is, a new segment, emerging space, geographic location, tangential market, or similar. Designed to foster growth, projects can include:

  • Taking an existing product into a new market
  • Taking a new product into a new market
  • Increasing awareness and usage of current products in a target market
  • Determining feasibility of and entry into a new market for a new product concept or technology

A marketing research strategy project might address one or several of the following:

  • Customer needs and behaviors assessment (KJ analysis)
  • Customer segments analysis (cluster analysis)
  • New market and competitive analysis
  • Market targets and positioning strategy (factor analysis and perceptual mapping)
  • Product/price changes for new market
  • New product consumer feedback in new market (concept testing)
  • Brand and messaging consumer feedback
  • Financial impact modeling of strategy recommendations

Each project consists of two rounds of primary research (qualitative and quantitative) conducted in three phases:

  1. Market analysis and opportunity identification, including consumer interviews
  2. Quantitative decisions framework and analysis, including survey development and data collection
  3. Marketing strategy development, including final report development and presentation

Download Project Charter

A $5,000 donation covers program costs for quantitative research and faculty coach honorariums. Additional projects during the same academic year are $3,500 per project. Here are the steps to take to become a sponsor:

  1. Company completes project charter for Marketing Research or New Product Development.
  2. Kilts Center reviews project charter and discusses questions with company.
  3. Company reviews project with faculty coach prior to start of the class.

Contact Kilts

To take the next step in sponsorship, contact Art Middlebrooks, clinical professor of marketing and executive director of the Kilts Center for Marketing.

Contact Us

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