Showing posts with label Arindam Chaudhuri. Show all posts
Showing posts with label Arindam Chaudhuri. Show all posts

Monday, November 22, 2010

Which colour do you 'need'

IIPM BBA MBA Institute: Student Notice Board

Ever wondered why the colour of money is usually green and workplaces are often painted blue and yellow? And why black is not a colour for an auspicious occasion while red is the choice of colour for most brides? Aakriti Bhardwaj sets out to find if interpreting colours correctly will indeed lead us to the pot of gold that lies at the end of the rainbow.
AAKRITI BHARDWAJ

While driving back from work one day, I heard an RJ on a radio channel dishing out advice to people for various problems through the usage of colours. A caller rang in and said, “I’m in love with this girl, who is my boss. She is going to London in 10 days and I need to tell her that I love her and I don’t want her to go.” The on-air colour therapist cum RJ Rochie Rana advised him to use red, pink and purple in his office. The week after, I tuned in again to find out about the fate of Mr Romeo. He apparently had walked up to his girl and proposed. “I think even I love you,” was the reply the lucky man received! But how could mere colours make someone fall for a person? Desperate to figure out how colours can fix our problems, I fixed an appointment with Rochie Rana, a colour therapist, pranic healer and an ex-radio jockey.

“There are two ways to look at colour therapy,” said Rochie, my shepherd for the day, lounging on a chair in a café sporting a black attire and sipping on a yellow drink. “One is colour therapy that originated along with ayurveda. In India, the principle was really simple, they understood colours affect people. Brides always wore red, that was colour therapy because they understood that red is the colour of sexual desire. It is the colour of bonding sexually, as in ancient India there were arranged marriages, so it helped women to feel more comfortable. They wore henna on their hands, as yellow is the colour which stopped them from feeling tired and helped cool their nerves as they worked in the kitchen and in the field. This is the Indian version, which started with ayurveda and it became really big while colour therapy was left behind. Then came Pythagoras (the man behind the Pythagoras theorem), who understood that every colour has a wavelength and every wavelength of every colour was constantly hitting your mind and giving you certain messages, and it had an effect on your mind, body and soul. Green was a natural master healer. Colour therapy is very old but Pythagoras actually is the man who gave colours their vibrational modalities, and therefore made it very scientific.”

Colour therapy is often criticised, for the placebo effect alone may help heal some patients. “You can verify it” Rochie said with a defensive look that stemmed from her love for her art... sorry science! “It’s empirical. Pythagoras said there are vibrational modalities. It is certified by doctors across the world. There are psychological institutes that dwell upon colour therapy. The University of Massachusetts always stands by the effect of colours on marketing and sales. For instance, no restaurant will have insufficient red or orange because those are the colours that make you want to eat. We don’t work on placebo effect. Which colour do you 'need' Colours have an effect even on those people who don’t believe in them. What I do is purely scientific. It is no voodoo, it is science. Colour therapy is not restricted to emotional and physical pain, I have cured people of migraine, hepatitis and by combining it with pranic healing, I’ve brought back people from the last stage of cancer!”

On a table in front of me, she then laid eight cards, each of a different colour. I was to pick one card at a time, whichever I was attracted to, and then flip it over and continue the drill with the rest of the cards. Each card had a number written on the other side, which became Rochie’s reference number. This process was to be done twice.

So I flipped each card one by one. Orange attracted me the most, green, blue and pink followed, next was the very bright yellow, and brown, black and grey were the last in my list. The second time the sequence was slightly altered. My therapist then did some math while I finally decided to look at the menu.

“You are a very emotional person and right now you are sort of emotionally distressed...” she’d begun. And as she continued, I was dumbstruck by the accuracy in her judgement of my current situation. I felt as if I had been shown a mirror, and it had reflected thoughts, which had perhaps been buried deep within me, things I never had the courage to face. She told me that I wanted to break away from personal or professional ties as they were making me unhappy. If I continued pushing myself, she warned that it could become a much larger problem. I asked her for solutions and she gave me three simple things to do for 14 days. On the eighth day itself, I could feel the difference. Today, I am more sorted and I have my priorities right. No wonder when we are sad, browns and greys seem to hold the maximum appeal and in happier times we invariably end up picking reds, purples and pinks. Try wearing a bright colour when feeling gloomy, it might surprise you by bringing that smile back! Which colour do you 'need' Colour Quotient
by Rochie Rana

For relationships:
Keep pink, purple and red close to yourself. It’s a myth that red makes you aggressive. A 100% exposure to red would make you aggressive. But red is for a very active, healthy and romantic relationship. Purple is for a very soulful relationship, I usually suggest it for couples who’ve been married really long and have lived out their sexual inclinations and are now trying to connect at a higher level.

To soothe or calm oneself:
Go for a lot of indigo and a little bit of blue. Always use only a hint of the colours; if you use a 100% blue, you are likely to feel depressed. Colours have contraindications as well. Too much of one colour can result in trouble.

Health:
Stay in the pink with green. Hospitals across the world use the colour green. It is considered as nature’s master healer. For example, if your blood pressure is low and your friend’s blood pressure is high, and if you are both exposed to green for seven minutes or more, both of your blood pressures will become normal!

For studies:
Yellow. This is the colour that increases concentration by 80%. So, if you are writing on a legal pad, chances of you remembering what you have written are 80% higher. But don’t overdo yellow, like wearing yellow, seeing yellow and writing on yellow, unless you want diarrhoea!

Physical pain:
Treat pain with green. Put some oil in a green glass bottle or cover a glass bottle with a green cellophane paper and keep it out in the sun for seven hours. This solarised oil can be used wherever there is pain for 14 days. Green is the only colour that doesn’t have side-effects. You can use as much of it as you want. You could also drink solarised water twice a day.

Prosperity and wealth:
Green, orange and purple. Technically, the colour of prosperity is green because the colour of money is green. Purple is a very good colour to bring in money as well and so is orange.

Workplace:
Yellow and orange at workplaces is good. Yellow is particularly good for people in creative jobs because it makes you think faster and think out of the box. Orange helps one push the envelope. It keeps you energised.

Combating negative thought:
If someone’s feeling negative, jealous, envious or angry, happy colours like white and purple should be used. A lot of people who have a lot of negative energy are not attracted to these colours as it repels them.

Business meetings:
If you are wearing black you are not going to get intimidated in a meeting. You would look dignified, feel confident, secure and be more assertive.

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).

For More IIPM Info, Visit below mentioned IIPM articles.
Run after passion and not money, says Arindam Chaudhuri
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Planman Consulting: The sister concern of IIPM
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Wednesday, February 18, 2009

Rumour Raining!


IIPM Admission Detail

Of course rumour-mongering is ingrained in much of Indian culture. Earlier the bank was also hit by rumours in 2003. But then it was contained only in parts of Gujarat. This time it took a pan-Indian field. One of the reasons for this lies in the aggressive and innovative strategy of investments that ICICI Bank has been following ever since its inception. But then this is what lands the bank in trouble at times. According to Morgan Stanley, ICICI bank is most exposed to the US market in Asia. The bank’s retail portfolio has also been much frowned upon. Charudatta Deshpande, Head of Corporate Communications, ICICI Banks, tells 4Ps B&M, “ICICI Bank’s leadership position in most segments and its tendency to take initiatives has been wrongly interpreted as over-aggression and recklessness.”

Another reason for it being extra prone to rumours lies in the slightly negative brand image that it has acquired over the years, despite its stellar achievements in banking. The main source for this negative brand image is the violent and outlawed methods that the bank had deployed to deal with some of its defaulters. From being fined for hiring goons for loan recovery to harassed defaulters committing suicide, ICICI Bank has gone through it all. To sum it all no other bank in India has been so mired in controversy as ICICI Bank. But Deshpande begs to differ, “This has nothing to do with the bank’s image. It’s a systematic, well-planned effort of a cartel of brokers to hammer down its share price.”

Post the 2003 run-on in Gujarat, ICICI Bank recovered smartly and its stock made spectacular gains. But then its recovery was fueled by the bull run in the markets during next five years. This time the scenario is different. The crisis has been aggravated by the bearish Indian stock markets. The market capitalisation of Indian capital markets has plunged by over 51% from $1.81 trillion on January 10, 2008 to $894 billion on September 30, 2008 and the onslaught is expected to continue further. Therefore stocks of ICICI Bank will find it even harder to move up.

But ICICI Bank has aptly described the continued rumour-mongering as a form of economic terrorism. This can be seen in the case of fallen US investment bank Bear Sterns. Post its fall, many believe that it was rumour-mongering that brought down Bear Sterns. The investment bank had $18 billion in cash reserves when it went under. But rumours led to a run on the bank and sealed its fate. Now Bear executives accuse rival Goldman Sachs for spreading the rumour.

Integration of world financial markets and continued financial innovation have made banking an extremely difficult, complicated and dynamically changing job. Rumours have added to its woes. Their economic terrorism is helped by the Internet and advances in information technology and telecommunications.

So now do companies and banks need to keep rumour management teams and sophisticated rumour management systems to gun down this economic terrorism? Do management schools need to teach additional courses in rumour management? Should rumour management be a management discipline like Financial Management? Well, though a victim of it, Deshpande disagrees, “I don’t think it’s about having separate rumour management systems. It’s part of the crisis management system.” But then there are many more who may readily agree to it. Ask Steve Jobs!

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM Programme :- SUPERIOR COURSE CONTENTS
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM - Admission Procedure
IIPM, GURGAON

IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
Why Study Abroad When IIPM Gives You 3 global Advantages!


Tuesday, January 20, 2009

Spicing up the entertainme nt dreams!


Now IIPM's World-Class Education... for everybody!!

B. K. Modi, Global Chairman, Spice Corp. is all game for the entertainment business. In an exclusive interview with Pallavi Srivastava he reveals his $1 billion plans...

He is sporting a new look these days. And in his new creative attire (with that hard to miss big hat!) you may easily mistake him as a director or producer of tinsel town. Though he laughingly offers, “this new look hides my age and makes me look younger,” but there is much more to it... His new look matches perfectly with his ultra zeal for the entertainment business. And his entertainment dreams start right from the 70mm screen; spans across the smaller screen of television, mobile and Internet; and tunes in to the music industry. So let’s hear about the mega entertainment plans, the reason for exiting Spice Telecom, rumours about selling Spice Mobile and much more straight from the man himself...

What is the reason behind selling off the telecom business to Idea Cellular?
We wanted to get out of our businesses on the infrastructure side, as infrastructure has become stagnant over the years. So it’s time we move forward and look for new pastures. Currently, we are focusing on the softer side of the business: the content business.

What are the new business areas that you are targetting?
I am strongly interested in the entertainment business. We have plans to put up $1 billion in this business across segments like music, games, movies, et al. Also making these content available on various new platforms, like mobile and Internet, along with traditional platforms like television. And we are not restricting ourselves to India only; we are looking at the region around India and also in the US.

What is the strategy behind getting into the entertainment arena?
It’s simple. The entertainment industry is on an upswing. And I strongly feel that India could be the world leader in the entertainment business. Moreover, it derives synergies from our mobile and Internet business.

Are you looking at acquisitions to expand yourself in this sphere?
As I told you that we are looking at an investment of $1 billion in the entertainment business, this money will be used for expanding ourselves both through acquisitions and through new ventures. We are considering a lot of options on the acquisition front in television, gaming, etc. Actually, we are a cash rich company and this industry is going through change, it requires consolidation and new players.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM Programme :- SUPERIOR COURSE CONTENTS
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Thursday, January 15, 2009

Five point someone?!


Now IIPM's World-Class Education... for everybody!!

Comparisons are odious but forewarned is forearmed...4Ps B&M’s Savreen Gadhoke analyses the backward journey of Indian retailers


Even before the then 44-year-old Sam Walton opened the first Wal-Mart store in Rogers, Arkansas in 1962, he had already put in place his supply chain and marketing vision. The fact that he already had more than a dozen years of experience running a variety of retail stores (Walton’s 5X10), spread across Arkansas, Missouri and Kansas, gave him requisite depth about consumer needs and a strategy for meeting their ‘lowest prices everyday’ expectations.

Cut to India’s Sam Walton wannabes a.k.a. Kishore Biyani, Mukesh Ambani and Sunil Mittal, among others (we’re sure you get the picture...) and you realise that they are holding the wrong end of the stick. If globally, supply chain management came first; in India, the story is remarkably different. Forget Walton, across Europe and US, new entrants in the retail business first ensure that their back-end is strong and robust and then concentration is shifted to front-end. But it is just antipodal in India. “In European and American markets,” says Andrew Levermore, CEO, Hypercity, “the supply chain is much more organised compared to India and this has enabled them to create very many successful retail brands.”

Retailers bemoan the multiple tax layers imposed by the Government as one of the biggest hurdles in developing efficient logistics and warehousing facilities. Vivek Wikhe, Senior Consultant, Technopak, avers, “Overall investment in back-end has not picked up in India so far and the main focus of retailers is on expansion. Most of the retailers still rely on the traditional set-ups of godown to store their goods.” No wonder, the Government has now begun giving incentives to those who are investing in building strong back-end support and players like Reliance, Bharti (Wal-Mart) and Vishal Mega Mart have begun earmarking hefty investments for establishing their back-end and logistics facilities.

Adds Arvind Singhal, Chairman, Technopak: “Indian retail industry compared to developed nations is very unorganised and unconsolidated.” Of course, there are those who say that one does not really need to compare. After all, organised retail is still a nascent industry in the country. But comparisons are inevitable, if one were to simply take into account that all the rosy predictions about the potential of Indian retail have somehow not kept pace. In fact, the picture today is nowhere as rosy as the one painted three years ago, when the Indian retail juggernaut was just about gathering steam. Then, pundits predicted that organised retail in India would grow at 38% annually and that the industry would touch the grandiose $60 billion mark by 2011. Contrary to the hype, even today, Indian organised retail is only growing at about 28-30% per annum, and the industry stands at only $14 billion odd today.

Clearly, something is not going as per plan. And hey, we are not even referring to the dismal ambience of Indian retail stores vis-à-vis their global peers. Out-of-stock notices, lack of air conditioning, slow billing process, are just among a few downsides of the Indian retail experience, but all that is easily rectifiable given that the industry is still nascent. But this nascence is perhaps the single biggest reason why one needs comparisons with global counterparts at this stage. Forewarned, is after all, forearmed!

Apart from supply chain issues, there is also the additional pressure of huge infrastructure bottlenecks faced by retailers in India, crucial among them being transportation. Seconds Soumitra Ghatak, CEO, My Dollarstore, who says, “As compared to other markets, Indian retail industry is still very new and its growth is being disturbed by lack of adequate infrastructure and property.” India is geographically vast and 40% of the traffic passes through national highways for going from one state to another. But national highways are few and far between, leading to congestion on road and timely delivery, which has a direct effect on the quality of products especially fruits and vegetables. They say that apart from a few states like Maharashtra, Gujarat and Tamil Nadu that have good highways, the rest of the nation (particularly north India) suffers from pathetic infrastructure. Interestingly, organised retail has had a successful run in South India largely because of the very developed Nilgiri belt. Major retailers like Subhiksha and Spencers have flourished out of Chennai only because of the good infrastructure facilities.

Further, unlike western countries, India is a vast, heterogeneous nation, with varied geographical and cultural tastes. So single-format retail has as little chances of success in India as peaceful resolution of the Kashmir issue between India and Pakistan! Little wonder that retailer after retailer is expanding his retail format net (small & big stores, large & smaller inventory stores, hypermarts, departmental stores, food & grocery retail outlets, electronics stores, apparel stores, et al) to catch more consumers. But herein is the catch! In India, the retail growth is mainly in food & grocery retail, a chunk which comprises of 55-60% of total organised retail, much higher than the global consumption pattern. And hence, while in Europe and US, the shift has been from hypermarkets to convenience stores, so far, the exact opposite has been the case in India. Baqar Naqvi, Associate Vice President, Retail and Consumer Goods, Technopak avers, “Given that large-scale growth has been projected for Indian organised retail, then retailers will clearly have to shift their focus on larger formats like hypermarkets and supermarkets.”

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM Programme :- SUPERIOR COURSE CONTENTS
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...


Friday, January 09, 2009

Vampire endorsements and celeb abusement have become all to common words in ad-land’s lingo. neha saraiya gets to the bottom of the matter


Now IIPM's World-Class Education... for everybody!!

They can’t seem to talk about much else in ad-land these days. The talk almost always hovers around how to plug in a film star, a cricketer, a Sania Mirza, a TV saas-bahu soap star (in that order) into campaigns to get in the oomph factor. Worse, they are also talking about how, more often than not, celebrities are unable to deliver the bang for their bucks for the brand. Contradictory discussions, but these are the facts staring all marketers in their face. The choice it seems is between celeb endorsement and celeb abusement!

In December 2005, telecom giant Motorola was looking desperately for a celebrity who could kickstart its market share of, then just a measly 4% and set it off against competitors. The solution was Abhishek Bachchan! Around that time, Aby baby was also endorsing LG and its range of consumer durables (that also had mobile handsets in their kitty). Consumers were confused. More pertinently, Motorola’s ads were more eye-catching and LG felt completely overshadowed. Abhishek had failed to deliver for brand LG, a classic case of celeb abusement. LG did not renew its contract with Abhishek.

More importantly though, even consumers are sick of the celeb abusement in ad-world, with every ad looking an exact replica of the next. As per an IMRB International survey, more than half the respondents concur that celebs are just the icing and even they would not be using the products they endorse. Moreover, many feel that there is a grotesque disconnect between the product and the brand in most endorsement instances, where the celebrity eats away the brand. Often termed as Vampire endorsements these ones have a long list to go. From Tina Munim’s endorsement of ‘Ria’ soap in late 80s to the latest Tata Sky commercial featuring Aamir Khan, the question mark is not so much on the brand, but on the honchos who conceived the brand connect and storyboard. Says Titus Upputuru, Senior Creative Director, O&M, “How you use celebrities is how you get the final output. Celebs provide a brand recall, likeability of the product, along with equity. That’s how it works.”

So while very obvious brand-celeb connects (like Akshay Kumar and Thums Up) gets a definite ‘yes’, fact is that marketers need to look closely at the moolah they are churning out to rope in such big names to be a part of their campaign. Just think! Instead of Abhishek Bachchan in the Idea Cellular campaigns, couldn’t it be anyone else or even the usual good-looks model? No doubt, the campaign has got rave reviews. However, that’s not because of celeb power, but the credit goes to the powerful idea & storyboard that the creative guys came up with.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM Programme :- SUPERIOR COURSE CONTENTS
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Tuesday, January 06, 2009

Who’ll win the finals?


Now IIPM's World-Class Education... for everybody!!

Given the stakes, honchos at Nokia immediately pre-poned the launch of their N96 here – and are confident that at least in terms of features (where Nokia has an edge – see table) their smart phone will give Apple tough competition. Even the pricing of N96 is expected to be in the same range (maybe even a tad higher) as of iPhone. The strategy is clear. Both players want to first capture the innovative consumers and then opt for the late-movers and laggards, finally tapping the entire potential of the Indian mobile-scape.

As Anshul Gupta, Principal Research Analyst, Gartner India states, “The pricing is strategically high to get the cream first and then you will see major price cuts in both these handsets.” Speaking on the same lines, Sougat Chatterjee, Chief Marketing Officer, Fly Mobile India avers, “The market potential of phones like iPhone and N96 will never be more than 2-2.5% as they are targeted at niche audiences.”

To let the brand remain connected to its now-famous international success legacy, all iPhone marketing communications are based on their global campaign – typically basic and minimal. Agrees Sanjay Kapoor, President-Mobile Services, Bharti Airtel: “We have kept iPhone more or less the same device as in the other countries other than offering free download packs.” In other words, there is no tearing hysteria to ‘tease’ the consumer and get him out to sample the product, at least just yet. On the other hand, Nokia is expected to go the whole hog with its marketing blitz for the N96. The Finnish giant has already hired special buses (painted black with N96 splashed boldly in white) for its teaser messages.

What could still clinch the finals for Apple in India is the fact that the iPhone has exclusive tie-ups with both Airtel and Vodafone (India’s biggest GSM players – giving Apple a huge distribution strength), while Nokia has had to settle for a similar (though not exclusive) arrangement with Idea. When it comes to choosing between the two, going by features alone Nokia’s N96 holds the edge, although iPhone’s Operating System is reputed to be the most reliable in the industry. But Jobs’ marketing prowess can spring a surprise anytime. After all, if he has been able to crack markets world over, what’s to say that he will hate to lose in the most lucrative telecom market of them all? Yes bro, India!

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM Programme :- SUPERIOR COURSE CONTENTS
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...

Monday, December 29, 2008

Khan they do it?


Now IIPM's World-Class Education... for everybody!!

It’s the Baadshah v/s the Sikander...

It’s one bigwig against another. Are they well planned attacks or mere coincidences? Neha Saraiya analyses...

Send a thief, to catch a thief – that’s what they always propose as the best solution to a problem... a problem like the one brewing in the Indian media ranks! Just that in this case, the ideology is a tad customised – Send a Superstar to beat a Superstar! Obviously, you’ve had a glimpse of the photographs used in this doublespread already, and we don’t want to spring any surprise here – it’s brand SRK versus brand Aamir we’re talking about in the Indian ad-endorsement fraternity.

Yes, we were well aware of the supremely charismatic Baadshah of Bollywood going up and against the selectively arrogant and flamboyant Sikander of tinseltown on the 70mm spread, but what we’re witnessing now is far from the maddening cinema crowds! Films are not the warzone, it’s endorsements... So the question doing the rounds in bustling corporate boardrooms is – which of the two Khans is more bankable? Would you bet on SRK or Aamir?! And that’s where 4Ps B&M steps in... to solve this maddening brand maze.

If we go by statistics, Shahrukh, over the past two years, has earned over a staggering Rs.270 crore from movie fees, television anchoring and big-ticket endorsements with almost fifteen brands in his kitty. On the contrary Aamir (being tagged a ‘perfectionist and choosy’) has just around five to six brands in his basket. So indisputably, SRK leads by a hundred leaps! But wait! We have some more statistics too! According to a recent survey done by IMRB International in collaboration with IPAN, around 78% of the people surveyed thought that quality was the most important factor in buying a product (with just another 9% vouching for the price factor). Now guess how many voted for ‘celeb-power’ being the ultimate brainwashing pill? A terribly pathetic and lamentable 3%!!! Now that’s an eye-opener, right?! But the point here is not to establish whether advertising helps or not, for we all know that it does, and like a Harvard Business School report states that firms investing in advertising witness stock returns that are superior to non-advertising firms by 7%-30%! Then there are experts who prove how celebs are growingly influencing brand equity. In fact 20% of all advertisements feature a well-known celeb (as per Miciak & Stanlin). And even in India, this is proven valid as celebrity endorsements have increased by 49% during 2007 alone with companies spending 0.7% of their annual revenues on just celebrity endorsements!!! However, in this rising craze about brands that celebs ‘just love’, the question is – why on earth are SRK and Aamir posing as opposites in the ongoing battle? Where you see Shahrukh munching a Sunfeast biscuit on one channel you will encounter Aamir showing off a Parle-G on another simultaneously. If SRK talks about Pepsi, Aamir shows off his bright-red Coca-Cola hues! If SRK zips about with the Santro and the i10, then Aamir has the Innova to flaunt.

Similarly if it is Tag Heuer, Nokia and Dish TV for SRK then its Titan, Samsung and Tata Sky for Aamir! Goddddddd!!! These boys are up to some rivalry stunt here, aren’t they? Or wait, is it just the companies that are really pitching them in that fashion? Or, is it just pure coincidence? Whatever be the reason for shelling the dimes, it’s not for a very short time that we’ve stood witness to this game of me-against-you between the two Khans. And whichever product Shah Rukh Khan endorses, a rival company immediately signs up Aamir Khan to endorse its product(s) and vice versa.

So is it a planned corporate ‘counter attack’ strategy? Let’s hear it form the horse’s mouth itself – “Celebrity endorsements depend upon what role of brands is there to play in people’s mind. We have used Shahrukh for Lux in the past and we will keep using it from time to time,” says Sudhanshu Vats, VP- Home Care, HUL. On a similar note Devendra Kishore, Head of Marketing, Nokia India, avers, “Shahrukh is our brand ambassador. We also partnered him with his team Knight Riders in IPL and we will continue this in the future also.” But that does not mean that Aamir is not a brand by choice? To this, Atul Kasbekar, Chairman & MD, Bling! Entertainment Solutions avers, “Aamir is extremely choosy and his brand value is strong as he stands for nothing but perfection and that brings out the exclusivity in him...” Even historically after Titan signed-up Aamir as its brand ambassador, it witnessed a growth of 45% in volume sales and 52% in value!!! Now, SRK really has some competition there!

However, an interesting point to note is that for companies’ competitive myopia creeps in much faster than long-term vision and companies jump in to hire rivals’ brand ambassadors in a panicked mode. Agrees Abdul Khan, Head - Brand & Marketing Communications, Tata Teleservices, “Eventually, it is sad that it ‘only’ turns out to be a competition amongst companies for brand ambassadors...”

Looking at it differently, should stars choose the right brands to associate themselves with? Well, the answer is no! And if you wonder why this, then hear out Bollywood star Shiney Ahuja speak his mind out, “Endorsements helps to establish you as a brand. I endorsed Shark tooth and they paid me so much money that I got spoilt and now I only wait for the right opportunities...” It’s all about the money, honey! Welcome to capitalism! With no logic resting behind the choice of stars, the SRK, Aamir tangle might appear just a coincidence. However, look further and you realise – there’s perhaps none that can stand up to SRK’s young 100 foot stature at the moment in this industry. So if you were another competitor willing to shell out gunnybags of cash, whom would you choose to undo the SRK effect? Atleast Aamir is loud enough about it – “I am Next!” is what he claims! Is he, really?!

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

For More IIPM Info, Visit below mentioned IIPM articles.
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Friday, December 05, 2008

Why do people refrain from buying a Blackberry?


IIPM Programme :- SUPERIOR COURSE CONTENTS

The major reason why people refrain from buying a Blackberry is, without doubt, the cost of the handset. Where there are opportunities, there are companies like Netcore Solutions, which have announced plans to soon offer services [like ‘Emergic mail2sms’ services] that analysts humorously refer to as the ‘poor man’s Blackberry’. Abhijeet Saxena, CEO of Netcore Solutions, informs us, “Once you start believing in mobile [technology], as a device, there are a whole lot of things that can be done with it. We have combined the SMS as a platform in this service.” Truly, the service would enable subscribers to receive emails as SMS messages on their existing mobile phones. Consequently, there would be no need to buy a hi-fidelity phone or even to get GPRS activated on the phone. Abhijeet adds, “People have, till date, established SMS just as a peer-to-peer communication or a spam platform. But it is actually a far more powerful platform and can do many more things; one such thing being this one.”

But it’s not just about receiving those emails, the uniqueness about such new features is that the person availing of this service can also reply via an SMS message to the email that has been received; not to mention standard facilities like forwarding emails.

But really, how is such integration made possible by such service providers with even the basic of handsets? To get started, all that the subscriber has to do is to log into or create a mail account [using a computer and a working net connection] and set his or her phone number [ending with @m3m.in] as the one where all emails to that account should be forwarded. That’s about it! Voila, any email sent to that email account gets recreated in your cell phone as the ubiquitous SMS.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2008

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

For More IIPM Info, Visit below mentioned IIPM articles.
IIPM INTERNATIONAL - NEW DELHI, GURGAON & NOIDA
Now IIPM's World-Class Education... for everybody!!
IIPM - Admission Procedure
IIPM, GURGAON
IIPM : EXECUTIVE EDUCATION
IIPM’s 36th Glorious Year of Academic Excellence
IIPM Ranked No. 1 B-School In Global Exposre - Zee...
4Ps Power Brand Awards 2007
When IIPM comes to education, never compromise
IIPM is A World of Career
Why Study Abroad When IIPM Gives You 3 global Advantages!
IIPM Ranked No. 1 B-School In Global Exposre - Zee...