Hey there, fellow truth-seekers! Welcome to Obvious Omissions where I do my best to unveil truths hidden in plain sight. Earlier this week an article in Fortune caught my eye: “Brands from Burger King to Coke to Lockheed Martin are leaning in on scholarships to capture Gen Z.” Having had some practical experience in helping clients start foundations and scholarship programs, and being the proud father of two Gen Zers, I thought the piece did a decent job of highlighting how companies are using scholarships to connect with this elusive generation. But I couldn’t help but notice some glaring omissions that I thought deserved some further discussion.
First off, let’s give some kudos to these brands for their ingenuity when it comes to connecting to a generation that has left many marketers scratching their heads. These brands are doing more than just effectively marking their company or selling their products; they’re actually investing in the future of our society. By offering scholarships, they’re making higher education more accessible to students who might otherwise be left behind. That’s a big deal and a great way to think outside-the-box from a marketing perspective.
But I think the article misses an important point: these scholarship programs aren’t just about throwing money at students. These companies are being smart about filling the pipeline with talent in the specific fields that align with these brands’ industries. In other words, they’re cultivating a talented and diverse workforce for the future.
The article also glosses over how these scholarships are helping build a genuine connection with Gen Z. This generation is known for their strong values and desire to support companies that make a positive impact. By showing a true commitment to education, these companies are finally learning how to speak Gen Z’s language.
Here’s the bottom line: Companies that have launched scholarship programs aren’t just thinking about marketing; they’re thinking it’s a good investment for their industry and our collective future.