Thursday, January 13, 2011

“INDIANS WORRY ABOUT SECURITY, BUT DO NOTHING!”

While Indian consumers are still to wake up to their safety needs, Godrej Security Services (GSS) has vowed to establish a name for itself in the security industry of the country. Mehernosh Pithawala, GM, International Business & Marketing Communications, GSS, talks to 4Ps B&M about how the company plans to move up using its marketing initiatives.

Branded security is still at a very nascent stage in India. But Godrej Security Solutions (GSS), a division of Godrej & Boyce, and a part of $2.6 billion Godrej group, is eyeing to build up on its first mover advantage to become a Rs.1,000 crore company in revenue by 2014. In an exclusive interview with 4Ps B&M, Mehernosh Pithawalla, GM, International Business & Marketing Communications, GSS, discusses about how he is planning to make this dream come true.

Do you feel that the Indian consumers are ready for such branded safety that comes with a high cost attached to it?
Indian market is growing and so is the need for security. With the proliferating crime scene, the need for security solutions is also increasing. Moreover, today while consumers are becoming more aspirational and spending heavy amounts on the luxuries like latest TV sets, ACs, Music systems, laptops, mobile phones et al, there is a constant fear in their minds that they are being watched. Thus they need to protect their valuables and loved ones. Talking about their will to pay for the cost attached with such security system, when a consumer doesn’t mind spending Rs.70,000 on a TV set or other such home luxuries, he also would not mind investing another few thousands to protect it. Also I must say that our products are priced to suit the requirements of various security needs and budgets.

You yourself believe that the Indian consumer is worried about safety, but ends up merely expressing anxiety than taking action? What plans do you have to convert that anxiety into action?
Yes. I believe that the Indian consumer is very much worried about the safety, but there is lack of action. Take an example of the Mumbai terror attack. Post attack, we held meetings and rallies, we lighted candles and then went back to our lives normally. No action was taken in terms of personal safety and security. We behave the same way when it’s about a burglary that takes place next door. We see that people remain cautious for a few days and then forget the whole episode without actually taking any action to avoid such a thing from happening in our life. Hence we have initiated this campaign “Musibat bataa ke nahi aati” (Trouble doesn’t come announced) to increase public awareness. The campaign shows trouble in the most unique way, something very unheard of. It provokes the consumers to sit back and think and invites call for action. We are also organising a unique activity called the “Break IN Challenge”. This takes cues and insights from our daily lives and security practices and replicates them in the form of a game. Apart from that, we have been participating in a lot of security conferences and have proposed to set standards in this industry.


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.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
Arindam Chaudhuri – Everything is not in our hands
Planman Technologies – IT Solutions at your finger tips
Planman Consulting
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine

IIPM ranked No 1 B-School in India
domain-b.com : IIPM ranked ahead of IIMs
IIPM: Management Education India
Prof. Rajita Chaudhuri's Website

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting

Tuesday, November 16, 2010

WHY HDFC STD’S BET MIGHT JUST PAY OFF

4Ps B&M cuts across the honchos within HDFC Standard Life, as well as the whiz kids of Leo Burnett, the creators of their campaign, to understand why a simple, staid, standard message may actually get the numbers running along for the financial behemoth

Given that the earlier campaigns overdosed themselves on older people, the latest campaigns certainly make the company look a lot younger. A significant majority of metro youngsters (a test group of whom 4Ps B&M met to test aided and unaided props of the ads) might find the recent campaigns more in line with their lives, as they are more contemporary.

But Tripathi says there could be another reason for that (apart from the youthful touch, that is), “The right selection of media along with the quality of our communications that have stronger connect with our target audience has helped us reach out to a greater population base. While TV helps us to reach the national audience, the localized media presence has been prioritised on the basis of business targets and potential.” The company has therefore simultaneously focused on some select Out-of-Home (OOH) media to engage potential customers and has also tied up with multiplex chains and focused on experiential marketing. In essence, a broad mix of TV, radio and outdoor advertising has been used by the company to maximise the impact of its campaigns, even the Internet (although a quick analysis on and of Google search shows that HDFC Standard Life’s ads and links are not visible through AdWords, or search; Bajaj Allianz, ICICI Pru, Aviva, Reliance, Kotak, MaxNY, all come up faster even in the search listings – an area surely to work upon). The initial responses seem to be positive but the real impact would be visible through the number of customers that eventually buy insurance products from the company.

In the financial year 2007-08, HDFC Standard Life was sixth across India amongst all life insurers with a 2.88% market share. As on January 2010, aggregating the past ten months premium collection figures, HDFC Standard Life’s market share had grown to 3%. That might seem small in numbers, but it’s a big leap considering the competition. The big test is that with the IPL season ending, HDFC Standard Life will have to find a new jig to keep up the target market’s attention. Will they? Well, we’ll cross that bridge when we come to it!
Gyanendra Kumar Kashyap


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.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
Arindam Chaudhuri – Everything is not in our hands
Planman Technologies – IT Solutions at your finger tips
Planman Consulting
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine

IIPM ranked No 1 B-School in India
domain-b.com : IIPM ranked ahead of IIMs
IIPM: Management Education India
Prof. Rajita Chaudhuri's Website

Friday, August 27, 2010

IIPM Creative Views - 4P’s Best Marketing Plan Competition- IIPM Indore

On 14th July’10, the 4P’s club of IIPM Indore organized ‘the best marketing plan competition' for the first years, second years and the BBA students.

The objective behind the entire exercise was to actually test the students and get to know how much they are able to use what they have learnt in the class to actual marketing of a product.

5 teams of 6-7 members participated in the event. 3 out of these 4 teams were combined teams with students of 1st yr, 2nd yr and BBA all working together on the product. The other 2 teams were ISBE-B and BBA students.

Each team was given a specific product to launch highlighting its USP. The products were a watch, soap, torch, lipstick, a deodorant.

The students were given an hour to prepare a questionnaire, conduct a survey, conduct a primary research and on the basis of the research make a marketing plan including a TVC. The students were given the freedom to refer to any of the marketing books in the library but if any group was caught asking help from any of the faculty would be disqualified.

Each team was given a time 4-5 mins to give their presentation. The judge for the event was Prof. Jayanta Chakraborti.

The winning team was the team that marketed the lipstick.

IIPM Media - Nutrivita PRESENTS 100 MARKETING BRAINS THAT MOVE AND SHAKE INDIA

VINEET KANAUJIA

General Manager – Marketing, Safexpress Pvt. Ltd.

Having worked with top brands like Samsung, HCL and ConAgra, about three years back I was seeking a challenging assignment for creating a brand from scratch. I got this opportunity in the form of Safexpress and in a very short time-span I succeeded in establishing it as one of the foremost brands in the country. My best ever marketing moment came about recently when Brand Safexpress was rated as ‘India’s Most Promising Brand’ in a study involving over 40,000 brands in India. Personally speaking, one of the most thrilling moments of my career came about when I was recently conferred with ‘CMO of the Year Award’ by the CMO Council, USA.

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.

“We will change your outlook” – The Sunday Indian on B-SCHOOL RANKING SCAMSTERS EXPOSED! A must read…

The Sunday Indian:-

B-SCHOOL RANKING SCAMSTERS EXPOSED!


For Exclusive Footage by Sunday Indian Click Here


Outlook Magazine’s B School Ranking Scam Exposed

Business Standard Exposes the Outlook Magazine Money Editor

Don’t trust the Indian Media!


IIPM enters into media education

IIPM makes record 10,000 placements in five years

TSI exposes b school ranking scamsters Mahesh Peri of Career 360 and Premchand Palety of C fore. – For Complete Sting Operation Video Click Here

Pioneer Exposes the fraud called Mahesh Sharma and Mahesh Peri of Career 360 and Barbel Schwertfeger of mba-channel.com

IIPM: An intriguing story of growth and envy

Prof Arindam Chaudhuri of IIPM on MF HUSAIN‎

Thursday, August 26, 2010

IIPM 4Ps Business & Marketing - Nutrivita PRESENTS 100 MARKETING BRAINS THAT MOVE AND SHAKE INDIA

Anish Srikrishna

CMO, SpiceJet

I’ve worked with many companies in the past, and as far as marketing and branding experiences go, each one was extremely unique. I have worked with brands like Samsung, Coca-Cola, Oberoi Hotels Chain and now I am at SpiceJet. At Samsung, the whole manner in which we convinced the Korean top management to focus on India and the manner in which we became official sponsors of a game like cricket was a great experience. Then at Oberoi, it was the unique package we launched which was called ‘India in luxury’, which was marketed in geographies like US and Europe. We got great responses for that too. At SpiceJet, we have worked towards giving a new direction to the brand and we have done that quite successfully. For the first time, you would have seen TV commercials from SpiceJet. Today, we are on billboards and radio, something which just began in the past 10 months, and the results are there to be seen.


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.
“We will change your outlook” - The Sunday Indian on B-SCHOOL RANKING SCAMSTERS EXPOSED! A must read...
The Sunday Indian:-
B-SCHOOL RANKING SCAMSTERS EXPOSED!

For Exclusive Footage by Sunday Indian Click Here

Outlook Magazine's B School Ranking Scam Exposed
Business Standard Exposes the Outlook Magazine Money Editor
Don't trust the Indian Media!

IIPM enters into media education
IIPM makes record 10,000 placements in five years
TSI exposes b school ranking scamsters Mahesh Peri of Career 360 and Premchand Palety of C fore. - For Complete Sting Operation Video Click Here
Pioneer Exposes the fraud called Mahesh Sharma and Mahesh Peri of Career 360 and Barbel Schwertfeger of mba-channel.com
IIPM: An intriguing story of growth and envy
Prof Arindam Chaudhuri of IIPM on MF HUSAIN‎