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Marketing Mastermind


August '09
Regular Features

• Editorial: Comment
• White Paper
• Book Review

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Marketing Pitfalls: How to Avoid Them
Cutting Round the Corners in Creative Advertising
Positioning Myopia
Promotional Products for a Strong Customer-Brand Relationship
Social Marketing and Celebrity Endorsement
Branding Through Unconventional Logos: The Michelin Man and Absolut Vodka
Commodity Branding: An Internal Branding Perspective
Effective Use of Public Relations/Communications during Organizational Crisis
Havells' Brand Building Strategies
Sugar Decontrol: Sweeter for the Industry?
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Marketing Pitfalls: How to Avoid Them

-- Shailendra Dasari

Some successful organizations, at times, get carried away by their past success, and the complacency thus induced renders them intellectually arrogant, eventually leading to marketing disasters. This article captures some of the biggest marketing goof ups in recent times and the learnings from these catastrophes. It attempts to develop a framework for marketers to scrutinize and pre-test their strategies and plans to avoid denting the company's reputation and image, and consequent financial losses.

Article Price : Rs.50

Cutting Round the Corners in Creative Advertising

-- Manish Kumar Srivastava and Bani Kochar

Advertisers use different appeals to present their ideas. They touch our emotional chords and often grab our attention through a tinge of humor. But sometimes, in the pursuit of creativity, advertisements deliver exaggerated messages, make false promises and project far-fetched benefits, which mislead the consumers. This article attempts to examine the creative aspects of Indian advertising, while highlighting the different appeals aimed at the different classes of people.

Article Price : Rs.50

Positioning Myopia

-- Chaitanya Prasad Giri

The success of a brand is still viewed as the consequence of product attributes and quality. But it has also been noticed that there are examples where quality products do not perform as expected. The reason for this is failure in communication and the resultant need for a new approach to communication. Al Ries and Jack Trout have found an answer to this problem through a concept called positioning. But some marketers take a myopic view of positioning. This article unravels some ideas about positioning myopia and suggests a few steps to overcome the phenomenon.

Article Price : Rs.50

Promotional Products for a Strong Customer-Brand Relationship

-- Rashmi Joshi

Advertisers, today, are faced with the constant challenge of reaching out effectively to customers while making a favorable impression about a brand. Though the traditional channels of advertising, like print media, television, billboards, radio and direct mail, do influence the consumer mindset, they are not effective in the same league as promotional products. This article dwells upon the attractive features offered by promotional products and how they can be gainfully harnessed to promote diverse products.

Article Price : Rs.50

Social Marketing and Celebrity Endorsement

-- Namrata Khairah

Amitabh Bachchan talking to create awareness about AIDS, Aishwarya Rai advocating eye donation, Shahrukh Khan lending his image to pulse polio campaign, etc., are all instances of social advertising which use celebrity endorsements. Recent marketing research findings state that eight out of ten TV commercials scoring the highest recall are those with celebrities. In the case of social advertising, where the stress is on changing behavior or inducing a particular behavior, celebrities can be of great help.

Article Price : Rs.50

Branding Through Unconventional Logos: The Michelin Man and Absolut Vodka

-- Bharathi S Gopal

This article takes a look at how some brand logos that do not adhere to the conventional practices have been successful. The author illustrates the historical brand success stories of Michelin Tyres and Absolut Vodka, which created strong visual images to communicate their brands. The Michelin Man continues to be the brand's mascot and connects with customers across the world. On the other hand, Absolut Vodka's packaging itself acts as the brand logo.

Article Price : Rs.50

Commodity Branding: An Internal Branding Perspective

-- Sukesh Kumar B R

Branding is one good differentiator to move away from the commodity image. In fact, many products/services start as commodities before becoming brands. Any brand stands for certain values. It is not adequate if the values that a brand stands for are only conveyed through marketing communications such as advertisements. It is equally important that the brand's values are well-understood by the company's employees so that they are engaged at all stages of value creation and thus help in making the brand sustainable over a long time.

Article Price : Rs.50

Effective Use of Public Relations/Communications during Organizational Crisis

-- Sandeep Jain

This article is on the role of the public relations/communications department of an organization which is facing a crisis and negative media fallout. A case in point is Mahindra Satyam, formerly known as Satyam Computer Services Limited. Satyam, till recently, was mentioned as a $2 bn revenue company, operating in 65 countries with 53,000 employees. The confessions by its promoters led to a drastic fall in its share price, filing of lawsuits, apprehensive employees, angry investors and worried clients.

Article Price : Rs.50

Indian Apparel Retailer Westside's Expansion in Non-Metros

-- Abhijeet Poddar and Deepti Arora

Small towns in India is the next big thing in the organized retail business. In 2005, the contribution of smaller cities to the organized retail sales was 15%. In 2006, organized retailing in small towns was growing at a staggering 50-60% a year compared to 35-40% in the large cities. It is the big names in the organized retail business that are eyeing opportunities to start business in these towns. The Tata's established Westside, a leading chain of retail stores across India, plans to expand its reach to the Tier II and III cities through the franchise route to tap the retail boom in these cities. Through this model, Westside plans to reach out to consumers in 37 new cities, while other apparel retailers, such as Shoppers' Stop and Lifestyle, are yet to try out this model. This case study discusses the strategy behind this expansion and tries to ascertain whether it will work.

Havells' Brand Building Strategies

-- Shikha Ojha

This article is mainly about branding and its various aspects such as re-branding, multi-branding, etc., explained in the context of Havells India Ltd (HIL). HIL is one of the fastest growing electrical firms in India, dealing in circuit breakers, cables, fans, modular switches, etc. Havells has been releasing many advertisements to successfully promote the brand for sometime now, and further, Havells had made certain changes to its brand too. The story of how Havells has been building and managing its branding been focussed.

Article Price : Rs.50

Sugar Decontrol: Sweeter for the Industry?

-- Siba Prasad Pothal

Indian sugar industry, which is the world's second largest producer of sugar, often finds itself in the midst of controversy. And this time around, the bone of contention is the complete decontrol of the industry. Will complete decontrol of this sector be a recipe for better realizations for producers?

Article Price : Rs.50

Global Executive Summaries
  • Using the Focus Group in Market Research
    Full Text: www.b2binternational.com

  • Concept Testing New Product Ideas with Bulletin Board Focus Groups
    Full Text: www.h-focusgroups.com

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Automated Teller Machines (ATMs): The Changing Face of Banking in India

Bank Management
Information and communication technology has changed the way in which banks provide services to its customers. These days the customers are able to perform their routine banking transactions without even entering the bank premises. ATM is one such development in recent years, which provides remote banking services all over the world, including India. This paper analyzes the development of this self-service banking in India based on the secondary data.

The Information and Communication Technology (ICT) is playing a very important role in the progress and advancement in almost all walks of life. The deregulated environment has provided an opportunity to restructure the means and methods of delivery of services in many areas, including the banking sector. The ICT has been a focused issue in the past two decades in Indian banking. In fact, ICTs are enabling the banks to change the way in which they are functioning. Improved customer service has become very important for the very survival and growth of banking sector in the reforms era. The technological advancements, deregulations, and intense competition due to the entry of private sector and foreign banks have altered the face of banking from one of mere intermediation to one of provider of quick, efficient and customer-friendly services. With the introduction and adoption of ICT in the banking sector, the customers are fast moving away from the traditional branch banking system to the convenient and comfort of virtual banking. The most important virtual banking services are phone banking, mobile banking, Internet banking and ATM banking. These electronic channels have enhanced the delivery of banking services accurately and efficiently to the customers. The ATMs are an important part of a bank’s alternative channel to reach the customers, to showcase products and services and to create brand awareness. This is reflected in the increase in the number of ATMs all over the world. ATM is one of the most widely used remote banking services all over the world, including India. This paper analyzes the growth of ATMs of different bank groups in India.
International Scenario

If ATMs are largely available over geographically dispersed areas, the benefit from using an ATM will increase as customers will be able to access their bank accounts from any geographic location. This would imply that the value of an ATM network increases with the number of available ATM locations, and the value of a bank network to a customer will be determined in part by the final network size of the banking system. The statistical information on the growth of branches and ATM network in select countries.

Indian Scenario

The financial services industry in India has witnessed a phenomenal growth, diversification and specialization since the initiation of financial sector reforms in 1991. Greater customer orientation is the only way to retain customer loyalty and withstand competition in the liberalized world. In a market-driven strategy of development, customer preference is of paramount importance in any economy. Gone are the days when customers used to come to the doorsteps of banks. Now the banks are required to chase the customers; only those banks which are customercentric and extremely focused on the needs of their clients can succeed in their business today.

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