Categories
Analytics Innovation Marketing

3 Key Skills for the Digitally Transformed Economy

I was recently listening to a news report in 2020 by Singapore state-owned media CNA, where Chief HR Officer of Singapore University of Technological Design, Dr Jaclyn Lee, outlined three of the most important skills to have in this new digital economy:

  1. Analytical and Computational Thinking Skills
  2. Innovation and Thinking out of the box
  3. Social Media Marketing

The interview particularly resonated with me as these are the skills which I have previously identified were important for my career development and listed as my top 3 skills on LinkedIn, and also in the summary statement too (Social Media is one form of Digital!) As my blog was created with the specific purpose to educate juniors and adult learners on analytics, innovation and marketing, I believed that it would be apt to share from my experience how I managed to build up my Analytics, Innovation and Social Media knowledge.

1. Analytics and Computational Thinking

Analytical skills has been around for the longest time, we may not know it, but the critical learning skills we have been exposed to all our lives also applies in terms of analytics.

For me, I acquired my analytics skills from my Business Analytics Education at Nanyang Business School! There are also several other Universities like National University of Singapore and Singapore Management University which has analytics courses as well!

Another way to gain this knowledge is from online courses. Coursera, EdX, Udemy are examples of online sites with free courses. In Singapore, the WSQ also offers adult learning courses in multiple courses including analytics and computational thinking!

To hear more about why I decided to specialise in Business Analytics, do read this post!

I also used my analytics knowledge to decipher the content of spam comments here!

2. Innovation

My experience with innovation is that the responsibility to build innovation lies in yourself. I always believed that I am an out-of-box thinker who will constantly find new ways to do things. These are some ways you could try improving on innovation!

I. Find new ways to do a project

Have you completed a work project or an assignment at school before and performed well? Now, think of another approach you could try to achieve the same, if not a better outcome. Many people would think that the end result is always important. While the end result is important, I always believe that the process is as well. Sometimes, I find myself consistently asking how I can do something better. While it does not always work, the thought process is also a good learning opportunity.

II. Get yourself more exposure to multiple fields

This may seem counter-intuitive to many who are interested in building their career in a one-track path, but from my experience, this was one way where I had the exposure to more innovation. I was fortunate to be able to do three MNC internships, where I had the exposure to the human resource, market research, product marketing and digital marketing functions, in the automotive, information technology and medical device industries. If you require some assistance in securing more MNC internships, do read this post!

I also had the chance to try out the consumer goods, retail and e-commerce industry at the same time by running my own startup, EcoTumble, where we offered Food Storage and Drinkware Solutions. While I was in charge of the marketing function, it was also important to learn how everything came together. Therefore, I also had the chance to take part in logistics, procurement, sales and strategy aspects of the business. I did this as part of the Minor in Entrepreneurship Programme in NTU, which I felt was a transformative experience and definitely recommend!

III. Always keep a continuous learning mindset

Adding a new point after having had a week of e-learning as a work incentive. As the saying goes, change is the only constant. In order to keep abreast of what our customer needs, we need to not only constantly change the environment, but also ourselves. In order to expose to more open innovation, learning is an integral part of it all. I had the chance to look through some of my general paper notes in junior college and realised the opportunity to read widely allowed me to learn so much more about how various parts of the economy are intertwined together in order to deliver value to consumers. Ultimately, innovation brings a solution to a unique problem that is faced based on changes in the economy.

3. Social Media Marketing

For people who grew up as digital natives, social media should be nothing foreign to us. For those who did not have the privilege of being exposed to social media since young, it is not too late to begin!

I have used social media since 2009, for my personal use, for my startup and also during my internship at KaVo Kerr.

Regardless of whether you have used social media before, there are some steps which can be followed. Here are some which crosses my mind:

I. Knowing your own personal brand

The first step to social media is knowing your own personal brand, what you stand for. For instance, I am personally interested in Analytics, Innovation and Marketing, and I want to help more people understand these fields!

II. Determine your Social Media Mix

The second step is to determine which social media to use. For instance, I would like more people to understand these fields which I am interested in, very academic fields. Therefore, I decided to turn to writing to get the knowledge across. The social channels which I have decided to use, which differs for what kinds of audience I want, is through LinkedIn (for Adult Learners) and Instagram (for the Student Population. I do occasionally use Twitter and Facebook to try to build Search Engine Traffic, still in the experimental stage, perhaps I might elaborate some day!

III. Decide on a posting schedule

The third step is to plan when to post. In order for social media to work, you will need to ensure that your readers/viewers are consistently engaged. This will keep them as returning users as your content is something which interests them. For instance, I have decided that on Mondays, I would post an Analytics or work-related post for my viewers to look forward to. I also wanted Friday as a leisure post day but it might prove to be tough as I am holding a full-time job as well and these posts do take up considerable time. Hence, it is important to also see not just what you want, but what is also theoretically possible from your schedule and nature of work!

That said I have not really prepared other posts on social media yet! Do let me know in the comments section on what kinds of social media posts you are interested in, or if you would like any elaboration on each of the paragraphs!

Sounds really daunting? It takes that first step to start learning and growing!

P.S. The links in this post are not sponsored.

If you liked this page, do bookmark this site, or follow us on our LinkedIn page.

Want to build analytics into your management decisions? This post may be for you.

Want to build other core and relevant skills? Do look at this post!

Want to track your website traffic using Google Analytics? This post shows you how.

Image Credits: Photo by NASA on Unsplash
Original Post: 3 Aug 2020, Updated 27 Jun 2021

Categories
Analytics Marketing University

NTU-NBS Course Registration Guide

It’s the time of the year for students to take part in course registration again. Having already graduated for one year already, and understanding the full time work perspective, curating this post adds even more depth to my own reflections and hope it does in helping you choose your courses to register too.

Choosing What to Major / Specialise In for Business

If you’re new to this website and may be still in consideration of your business specialisation, you might want to read why I decided to do business analytics, and a comparison between business analytics and marketing, which were two of the specialisations I was contemplating between, but of course I still took a MiniMasters in Marketing afterwards.

Choosing Business Major Courses:

Notwithstanding the ever elusive STARS Wars Course Registration, when picking your major courses, my general rule of thumb would be picking the course which is relevant to you and what you are gearing yourself up for in the future, or would love exposure to. I have done Business Analytics and enough research on Marketing (I did one Marketing Analytics Module as an elective and it’s now a core.) to share my two cents.

For Business Analytics:
The possible tracks are in Finance, Operations and Consulting.
Do refer to this post on what modules to gear you on the right business analytics track.

For Marketing:
The possible tracks (I believe) are in the following:
Marketing Research:
Market Intelligence (I did this as a Masters Level Course which you may want to refer to)
Consumer Neuroscience: How Brain Science Is Informing Business
Marketing Communications:
Integrated Marketing Communications
Channel Value Creation
Marketing Strategy & Management:
Modern and Emerging Technologies in Marketing
Marketing Strategy (I did this as a Masters Level Course which you may want to refer to)

Choosing your Electives / Minor Courses:

For Minor/Electives, my general rule of thumb is to pick what interests you, and of course if it interests you and gives you a leg up in your career that is even better. For myself, I knew I was really interested in giving it a run at running and business and also an interest in the intersection between management and business analytics, so I supplemented my learning with a Minor in Entrepreneurship, as well as various marketing electives in Marketing Analytics, Luxury Brand Management and Product Innovation.

Other important and emerging fields which I have are:
1. Environmental sustainability which would get important as ESG reporting and triple bottom line emerges
2. Communications especially when it’s a world of increasing transformation and uncertainty and communications becomes more paramount.
3. Computer Science as the world is increasingly digital and it does not hurt to speak in algorithms and programming languages.
4. Foreign Languages especially if you have a flair for language but not the programming language, since the world is becoming more globalised and knowing foreign languages open doors to many new opportunities all around the world.

Do read more about selecting your general electives over here.

Conclusion

Hope that this post would have allowed you to give some thought over selecting your electives and all the best for the upcoming semester!

Newsflash: We have also did a tiering of modules in NBS and NTU on our Youtube Channel!

If you liked our post, do bookmark this site, or follow us on our LinkedIn page as we look forward to curating new content for you regularly.

Image Credits: Photo by Wengang Zhai on Unsplash
Course Content from NBS Website

Categories
Management Marketing

Review: Nanyang Business School Mini Masters in Marketing Management

It’s been a while since I last written about course reviews. If you had been following the story, for various reasons, I had decided to enrol back into Nanyang Business School to pursue a Mini Masters in Marketing Management. 5 months of hard work since November last year has finally come to a close! Here’s my course review of each of the modules:

CET016 Marketing Principles & Strategies

This module provides the basics to Marketing Strategy, and also adds a deeper level of understanding. For the students who did Business at Nanyang Technological University, this is the equivalent of AB1501 Marketing, with some elements of BE2502 Innovation Marketing. Content-wise, it is considered rather heavy, however those with basic marketing knowledge should be able to keep up, and also get excited by new concepts introduced.

In general, I enjoyed the classes taught by Dr Lim Boon Chong and Prof Hooi Den Huan. The professors were really helpful in answering queries as well as facilitating the class.

In terms of course load, this is a 4au course. For those unfamiliar with the academic unit system at NTU, 1au is the equivalent of 13 classroom hours, which means 52 classroom hours is used. There was a mix of self-paced learning (22h) and in-class learning (30h), some of which was done through zoom due to the safe distancing measures in Singapore. However, I felt that the actual time and effort put into the course is heavier than expected.

The method of assessment is a 30% MCQ Quiz, a 30% Marketing Written Report, and a 40% Final Written Test.

CET017 Marketing Research

This module provides knowledge for conducting quantitative and qualitative research, I believe there was also some elements on consumer behaviour involved as well. For the students who did Marketing at Nanyang Business School, I believe it corresponds to BM2502 Market Research, with some knowledge from BM2501 Market Behaviour. The content was straightforward to understand, and a marketing manager from Irvin’s salted egg was invited to the session to share about his experience with marketing for Irvin’s.

The profs were very knowledgeable in their lines of teaching. Prof Julien Cayla is an ethnographer by training and he is really good at teaching semiotics, one of the way to carry out qualitative research. Prof Thomas allard was very knowledgeable on the quantitative research aspect, and also invited a speaker to share about quantitative research techniques.

In terms of course load, this is also a 4au course. There was a mix of self-paced learning (22h) and in-class learning (30h), all of which some learning was done through zoom due to the safe distancing measures in Singapore. I felt that it was the right workload for a 4au module.

The method of assessment is 10% Participation, 25% Reflection on Qualitative Research, 25% Reflection on Quantitative Research, 40% Group Brand Audit.

Besides this, I also managed to apply my knowledge in real life, do check my post on quantitative survey fielding here!

CET018 Branding

This module provides knowledge on branding done by a company, topics of which include brand identity, brand transgressions. The course also looks into different types of context of branding, for instance, luxury branding and international branding. I believe that this would correspond to the undergraduate course of BM3506 Strategic Brand Management.

Prof Caleb Tse and Prof Sharon Ng were very knowledgeable and understanding. Knowing that many of us are studying part-time while having full time work, they condensed the workload to a lot of the assessments being done in class, which really helped as I was very busy with a Branding project at work that month. Also, managed to get some brand strategy tips from Prof Caleb, who was really willing to help when I reached out to him via email.

In terms of course load, this is also a 4au course. There was a mix of self-paced learning (22h) and in-class learning (30h), all of which some learning was done through zoom due to the safe distancing measures in Singapore. I felt that the workload itself was more of a 3au course, but the complexities of the course certainly required a deeper understanding of marketing in order to fully appreciate.

The method of assessment was 40% through 4 online quizzes, 30% through two in-class group cases and 30% for a final short essay exam.

CET019 Digital Marketing

This module introduces us to the concept of digitisation, and how the marketing environment has changed in the world of digitisation. We were given the opportunity to also take on some certifications as part of the course assessment, and were taught of the various digital tools available for a digital marketer to work with. I believe that this would correspond to BM2506 Digital Marketing, with a lessened assessment load.

Dr Boey Yew Tung and Dr Wong King Yin managed to share a lot and let us understand more about digital marketing through various cases, where we can assess metrics like conversion rate, as well as measuring marketing effectiveness. I managed to also get some tips about how to improve my blog content and SEO techniques, which I hope to see results coming in and looking forward to doing a new sharing if it works out! (Yes! I changed the colour scheme of my blog because of something I found out during class.)

In terms of course load, this is a 3au course. There was a mix of self-paced learning (9h) and in-class learning (30h), some of which was done through zoom due to the safe distancing measures in Singapore. I felt that the workload matches that of a 3au course, however, the content does get a bit technical at times and it might be tough for people from a non-technical background to follow with the class.

The method of assessment is 15% Google Analytics Certification, 15% Hubspot Inbound Marketing Certification, 30% Reflection Report and 40% Final MCQ Quiz.

Final Words

Overall, I am thankful that I have embarked on this opportunity to further understand marketing, and believe that the knowledge will be useful for me in my career in the long run! I hope that this article is useful to you just like it has been a great reflective journey for me.

Thank you to NTU for the free Alumni Credits for 2020 graduates. I hope to put the knowledge attained to good use in future!

If you liked this page, do bookmark this site, or follow us on our LinkedIn page.

If you are interested in finding out more on my reflections on working and studying at the same time, do read this post!

If you are an undergraduate or graduate student deciding between marketing and analytics, do read my comparison of these two specialisations.

Photo Credits: Original Artwork by Tan Wei Xiang

Categories
Marketing

Marketing Research Quantitative Survey Fielding Reflections

Marketing post this time! It’s the 4th post of the year and if you followed the narrative it’s time for a marketing post! Recently, I had the chance to carry out end to end planning and execution of a marketing research for my work on Branding and Pricing Strategy.

I learned marketing research in school, and ran researches while at NTU Students’ Union. Planning, fielding and analysing. Back then, I didn’t realise how hard fielding was. It was just a mass EDM (Email Direct Mailer not Electronic Dance Music) to the whole school, and gifts were provided to participants.

Marketing Research: Problem

Initially, I thought that fielding this survey would be a walk in the park. How hard can it possibly be? I could not have been any more wrong than that.

Marketing Research: Photo of Cold Storage Tampines 1
I was standing right here at the entrance.

After 4 hours at night, standing outside the supermarket with aching arms and legs, there was only 15 respondents, half of what I planned to get in half the time. Reflecting on the experience, I faced 3 main problems:

Firstly, I was abruptly cut off and rejected on introductions.

Good Evening, I’m a Market Researcher from Company X……

I believe that the lag time before running away would likely be glancing for free gifts or maybe something else.

Secondly, I held my tablet with one arm, and definitely that was not the best thing to do. Furthermore, I was travelling with a laptop slung on me inside my bag. As a result, my body was aching all over at the end of the day.

Thirdly, many people were rushing for time and could not take 5 minutes off their schedule to complete the survey.

Either way, my study received minimal participation.

Marketing Research: Solution

After an unsuccessful night, I needed to find a simpler way to get participants to take part in the survey. With careful thought, I thought of 3 solutions:

Solution #1: Refine the Pitch, Starting with Pain Points

I figured out that the first few words spoken influences if customers will continue to listen, and to tie it to their interests. For instance, I did this pitch:

We’re looking at improving our product offering in Company X. Can we take 5 minutes of your time for a short survey?

I started with the customers’ pain point, basically what they came to the supermarket for — to meet their needs.

Naturally, more customers became open to conversation, especially when their needs are met.

Solution #2: Travel Light and Position Strategically

When I turned up for the second day of the survey, I left my laptop at home, only armed with my tablet and QR Code (More on the QR Code Later). Besides that, I also found a place to station at. This meant that I did not need to carry the heavy tablet for the whole day, and could focus on delivering the pitch and executing the survey! The location which I picked also has some foot traffic, which allows more chances to deliver the pitch!

I stationed myself at an ice box where I could leave my items and also reach customers.

Solution #3: Explore Alternative Methods for Participation

If the customers are rushing for time and just have no time, you can bring the survey to them! I printed a QR Code to allow customers to scan and carry out the survey on the go, which solves the rush hour problem. In addition, when I went to the store on a weekend, I noticed the long queues forming. Instantly, I jumped onto the opportunity to survey the customers in the queue! When customers are already there and do not spend additional time, they are more open to being surveyed!

Did up a QR Code! Intentionally Truncated the QR so that it can’t be used!

Marketing Research: What more can be done?

While I did finish my survey after 3 days? What could I have done better? If I had more time to plan, I would have set up an actual booth, and prepare gift vouchers from the company as incentive for taking part in the survey.

Marketing research on a weekend!
Fielding my research on a weekend well spent!

Closing Words

Finally, I hope that this reflection provided a new perspective on improving your quantitative marketing research. I wish you aspiring market researchers the best of luck in your next research!

If you liked this post, do check out our course review on the Mini Masters in Marketing Management at NBS, where I have also reviewed about the marketing research course.

In addition, if you liked reading about this post, do follow us on our LinkedIn Page. Also, you might want to read about learning analytics versus marketing!

Image Credits: Original Photography from Tan Wei Xiang

Categories
Analytics Innovation Lifestyle Management Marketing Uncategorized

My Reflections on 2020

2020 might be remembered in history as a year of widespread epidemic and economic recession by many, but to me, it was a really interesting year. It was a year which challenged me to do the best I could.

1st Half of 2020

Kick started my first half of 2020 with my final semester at Nanyang Technological University, taking 3 modules, inclusive of the legendary killer Capstone Business Analytics Module in NBS, Business Analytics Consulting. I had the chance to interact with the brightest minds from business, as well as computing, to deliver viable business recommendations in health insurance strategy to our client company, Aon. Click here you’re interested to know more about why I chose business analytics.

As if dealing with one company was not enough, I took on a Regional Digital & Product Marketing internship with dental company KavoKerr, which recently spun off from Danaher Group. Through the internship, I had the chance to conduct market research, create marketing collaterals, do customer analytics, as well as social media marketing on Facebook. Halfway during my internship, it became a work-from-home arrangement, do read this if you’re interested to know how it is to experience both work in office and at home.

Right after finishing my final class in business school, I managed to secure a job and it was in semi-lockdown in Singapore. Instead of just wasting the time away, I decided to upskill myself through distance learning on Coursera, here are some of my reflections.

2nd Half of 2020

Kick Started the second half of 2020 with my first job on a Graduate Programme with Dairy Farm Group, a multinational company in the retail and fast moving consumer goods scene. Managed to get a chance to learn a lot at work through rotations in Commercial, Operations and Supply Chain. I am really fortunate to have had the chance to interact with many senior business leaders as well as mentors to guide me along the way, and looking forward to more growth in my career. If you’re interested to find out more do reach out to my LinkedIn, where I have documented many posts on the experience too!

For the last few months of the year, I made the choice to return to campus in NTU, to further my understanding of the business sector by taking on a MiniMasters in Marketing Management. While it has been tiring to juggle work with studies, it has been really fulfilling to tackle marketing problems with the brightest minds. (Some have even been in the industry for years!) If you’re considering going back to school while working, do click here!

Last but definitely not the least, I am happy to have consistently posted blog posts this half of the year despite never quite getting myself started previously. Thank you all for the readership this year and we look forward to your continued support over 2021 where we will bring you more posts about analytics, management and innovation.

My thoughts for 2021

Moving forward to 2021, it will be a year of accelerated learning at work, while also completing my MiniMasters programme by the end of March! (Hopefully graduation too, but I am not too sure if it will ever happen now.)

Most importantly, I realised I have not been the most consistent in posting this year, sometimes disappearing occasionally when busy. A resolution for this blog is to consistently generate at least one post for each topic in analytics, innovation and management on a monthly basis, while also not forgetting some of my readers who are still in school as well. Do look forward to more about my past university experience as well as a fresh employee at work perspectives.

2020 has been great, 2021 will be even better!

Tan Wei Xiang

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Image Credits: Photo by Ray Hennessy on Unsplash