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Tuesday, August 10, 2010

DEFINING MARKETING MOMENTS OF 2009

Savreen Gadhoke and Surbhi Chawla present the sizzlers, the scorchers & the whimpers that rocked 2009

From Obama to Fevicol, from Bigg Boss to the Ambanis, we bring to you the most defining marketing moments of the year gone by

Sibling rivalry redefined: Nobody has perchance used media as a tool to win points in a corporate battle, as the Ambanis have done. In the gas pricing issue between brothers Mukesh & Anil, the latter launched a campaign against the former by giving front page ads in almost all national dailies accusing the Petroleum Ministry of interfering in a corporate dispute and favouring RIL!

When mascot became larger than the brand: Vodafone’s newly-created mascots, officially called, Zoozoos instantly created mass-hysteria promoting its VAS offerings. Zoozoos successfully triggered a hot debate on whether creativity in 30-sec spots is enough to make killer brands. Well, Zoozoos did manage to create at least one killer brand – they themselves.

Superstar employees: Intel launched ‘Sponsors of Tomorrow’ to give an insight of the company to its consumers. The ad campaign highlighted Intel’s people and their revolutionary inventions. The campaign took Intel’s employees to another level altogether by calling them ‘Intel Superstars’ with a tagline: “Our superstars are a little different from your superstars.”

Engaging with real consumers was never so personalised: A marketing trend pioneered by Frito Lay’s Kurkure gained momentum like never before. So, we had Maggi (which printed real-life stories of Maggi-lovers on the packs) and Dove (which made brand ambassadors out of the contestants of Dove Real Face Test Campaign) engaging with real consumers, thereby enhancing brand loyalty and equity. Even Google, through the Doodle 4 Google contest, engaged school kids.

Changing the rules of the game: The telecom price war was never as intense as in the latter half of 2009. ‘Pay per second’ suddenly became the hottest pricing strategy applied by almost all telcos and was extended to SMS and roaming plans as well. But the game changing pricing strategy was first initiated by Tata DoCoMo’s GSM that offered the ‘pay per second’ plan to its customers – a breakthrough move by a new entrant in the GSM space. Same with RCom’s GSM offering, which charged one paisa per SMS from its customers. What better than hitting the biggies where it hurts the most…

Landmark for the generic brand: The mazboot jod of Fevicol completed 50 years in 2009. And to celebrate this landmark, Ogilvy India conceptualised the Moonchwali campaign. A lot of buzz was created even before the launch of the campaign as teasers were launched in multiplexes and movie theatres. Insertions in dailies intimated to readers that the Moonchwali is coming soon.

New way to introduce a spot on TV: To create frenzy around the news that Bollywood’s star couple Abhi-Ash are coming together for the ad campaign of Lux soap, it was decided to launch the campaign in the Lux-sponsored reality show on Star Plus – Lux Perfect Bride. The participants (paired as couples) were made to play the blind-fold game that Abhi-Ash play in the ad and dance to the tune of the jingle. For the first time ever, an ad campaign was introduced by way of a reality show.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2010.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Wednesday, May 6, 2009

Six more... to fix more?!


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Hero Honda is not the only ‘nail’ waiting to puncture Bajaj’s tyres... there are more; one being Yamaha, who merrily eroded Bajaj’s premium market pie with successful launches like R15 and FZ16 (a segment where Yamaha’s R15 and FZ16 competes against Bajaj’s Pulsar 220 & DTS-Si). With Hero Honda also planning a 350cc launch, the Karizma-Fi soon, this competition will only get tougher.

To up its financial performance, the company is also planning a comeback in the scooter market, as Sridhar adds, “We will be launching a gearless scooter with a 100-150cc capacity by 2010...” Who knows, Bajaj may find many takers for its scooters when the economy starts accelerating again, in 2009. Well, the future is yet to be seen. For now though, ‘hope’ and ‘confidence’ are not words to be missed in the Bajaj camp, as Sridhar claims, “We will perform way better than the industry in 2009!”

Yes, the launches are just symbolic of Bajaj’s short-term aggression; short term because TVS had also launched 7 new bikes with the same aggression at the end of 2007 under similar (sales) circumstances, but unfortunately for the company it didn’t really help shield off the recessionary effects [and TVS ended up recording a fall of 12.85% in monthly sales (y-o-y) during December 2008]. For Bajaj, the strategy to ensure real long-term sustainability would only be achieved enroute a strategy of distinctive segment branding, and therefore separating first, its executive and luxury segements bikes from the herd of sub-125cc vehicles available in the market, and secondly, branding its luxury bikes uniquely instead of overkilling the Pulsar brand name) are must do’s for Bajaj.

New launches are good, but for Bajaj, a strong branding strategy should be top on priority. New launches, lowered advertising rates and lowered advertising frequency by competitors (thanks to the slowdown)... et al, the time is just perfect to create a new premium brand for Bajaj... So what’s the hitch, Mr. Bajaj? Just advertise!

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2009

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Rashmi Bansal Publisher of JAMMAG magazine caught red-handed, for details click on the following links.