‘One’ is not just the lowest single digit numerical value; neither is it just a show of miniscule strength. Instead, the digit has the wherewithal to change national destinies, unflinchingly challenge mighty emperors and irrevocably alter your life condition!

It is just another day, yet today, this one date has begun to signify something of great importance to all of us. Its impact has been felt all over the world. Yes, 9/11 or September 11 today symbolises terrorism. One incident on this day shook up the entire world. Overnight Kabul and Kandahar became the most talked and written about places. The world became more knowledgeable about bombs and forget about our way of thinking, even our manner of speaking changed. ‘Ground Zero’, the original meaning of which was the epicenter of a nuclear explosion, now meant something else entirely. ‘Terrorism’ was no more an activity that happened in far away places for Americans, but something that took lives in their own home. One event and look at the profound impact it has had on all of us.

In fact, one way to judge the impact of any event is to see how much it affects the language we speak. In that sense at least, 9/11 has added words like jihad, holy-war, Taliban and Twin-Towers to our collective vocabularies. Another event had similarly enriched the English language – World War II. Words like jeep, blitz, java, flak, sonar, radar, bazooka and atom bomb didn’t exist prior to World War II.

Clearly, one event can change a generation’s outlook. ‘One’ may be the smallest of numbers, but ‘one’ is all it takes to have a profound impact. It’s interesting to see how ‘one’ has influenced us in more ways than one. To start, take the date 9/11 and flip it once. This one change brings us to a date dramatically different from the previous one. If one stood for terror, and destruction and ruin, the other symbolised unification, hope and brotherhood. The 9th day of November or 11/9 was the day the Berlin Wall fell. If 9/11 divided the world, 11/9 was an attempt to unify a city that had been divided for over 30 years. The 28 mile barrier dividing Germany’s capital was built in 1961 to prevent East Berliners fleeing to the West. ‘One’ of anything (even the flip of a date) can do wonders.

ONE WORD, ONE ACT – CHANGE...
One word and its wrong interpretation caused irreparable damage. The Americans issued an ultimatum demanding the unconditional surrender of Japan. Nearing breaking point, the Japanese wanted to negotiate for peace, but not surrender unconditionally. They issued a statement using a Japanese word ‘mokusatsu’, which technically meant ‘refrain from comment’, but had another interpretation i.e. ‘ignore.’ And that is how the Americans decoded it. Keeping the Japanese ‘refusal’ in mind, Americans continued to fight and eventually dropped two atom bombs – an event that changed Japan forever. One wrong translation caused so much destruction. In contrast, one statement shot this actress to fame and resurrected her failing career. Yes, one racial slur shot Shipla Shetty to fame and made her a fortune. So much so that now everybody seems to want one!

But, it was bravery of a different kind that changed the world. A simple seamstress from Alabama refused to relinquish her seat on a city bus to a white man. It was her one act of courage that sparked the Montgomery Bus Boycott and brought the Civil Rights Movement to national attention. Jack Kemp ‘once’ said, “the power of one man or one woman doing the right thing, for the right reason and at the right time, is the greatest influence in our society.”
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A critical part of communication is not what we had thought it to be all along. If history had commanded corporations to ensure that they ‘speak out’ their advertisement campaigns and product features in as forceful a manner as possible, contemporary times are destroying that strategic belief to forward a line of thought that perhaps quite the opposite is true now, if one wishes to succeed fantastically!

I teach a course in communication. After I have taught students the importance of making a good first impression, of the power of words and how to use them effectively, of the factors to keep in mind so that one is understood properly, of how to use one’s voice to make a speech most interesting, I tell them, “Now you know everything about speaking in public, but you still are not a master communicator.” And that is because there is still something more to communication than speaking. Speaking is just 33% of communicating. Then what’s the rest? Well, let’s try to figure out that.

LINCOLN NEEDED IT TOO!

This was decades ago when America was torn with the Civil War and Lincoln was fighting hard to abolish slavery. He wrote to an old friend of his and asked him to come to Washington to discuss some problems. When his friend came, Lincoln talked to him for hours. Lincoln went over all the arguments, letters, newspapers, articles, which had arguments both for and against abolishing slavery. After talking for the whole night almost, Lincoln finally bid goodbye to his friend without even asking him his opinion. His friend later commented that that night, Lincoln did not want advice, he wanted a friend.

A man once met Stephen Covey and put forward his problem, “I can’t understand my kid. He just won’t listen to me at all.” A visibly surprised Covey commented, “You don’t understand your kid because he won’t listen to you? But I thought to understand another person, you need to listen to him!” The father looked even more surprised.

To put it simplistically, what is it that Lincoln’s friend did, which the father in the second case did not do? Yes, listening! That night, Lincoln wanted a sympathetic listener to whom he could unburden himself. And perhaps the father in the second case did not realise that most children want absolutely nothing from their parents but an empathic listening. Children are waiting to open up if only they were listened to without being ridiculed or judged.

HOME OR WORK, IT’S THE SAME

Toyota was designing its Tundra Truck, but considerable inputs come not from designers, but from farmers. A team from Toyota spent days visiting different regions of US – horse farms, factories, construction sites and more – to meet with truck owners. They did not just ask them about their preferences for towing capacity and power (in a truck) but even silently observed them at work. Through this, the team learnt the ideal placement of the gear shifter; they also learnt that the door handle and radio knobs needed to be extra large because pickup owners often wore gloves all day. Clearly, no amount of discussions or brainstorming sessions could have possibly revealed these nuanced preferences.     Read More....


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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

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THE WAY TO ADVERTISE

Early this month a very interesting book was released which caught my attention and really got me thinking. Named “Nobody’s Perfect: Bill Bernbach and the golden age of advertising” this book is written by Doris Willens, a former journalist who looked after the PR division of Bill Bernbach’s advertising agency DDB (Doyle Dale Bernbach) from 1966 to 1984. Twenty seven years after the death of Bernbach, here came a book which painted Bernbach as a blemished, insecure, person who leaned on others work. A man who I hold in very high esteem, a man who features at the number 1 position when it comes to drawing up a list of “Top 100 people of the century in the field of advertising” for he changed the course of advertising history- how could he be painted in such a bad light? Here was a man, who according to the author Doris Willens, was a devoted family man, unlike the many womanizing and boozing admen of those days (and even today!), was creative and disciplined. However, what interested her more were anecdotes of little or no relevance to the world of advertising- things like he recycled speeches, put one of his sons on the payroll unbeknownst to management and was frustrated over not being able to publish his own book. Ridiculous! The man has contributed so much to the business of advertising that these allegations seemed so petty. But they did have one positive influence on me- they made me go back to my old notes, my books to read and understand this genius and many more like him and rediscover the important lessons that their work has taught.

IT’S NOT A QUESTION OF “EITHER”, “OR”

When advertising started there used to be someone who would write lines and then hand it over to someone else who put a picture or an illustration that matched those lines. Bernbach was the first to take a bold step and change this business of making ads. According to him “Advertising is the art of persuasion” and he cited an interesting study by “AAAA” which claimed that 85 percent of all advertisements were ignored by consumers. What was the use of businesses spending so much money when all it caused was boredom? One needed to persuade and persuade hard. This could be done only when every aspect of the advertisement spoke the same language. So he changed the process of making the advertisement. Everyone knew the rules of advertising but they lost it all by working independently. He made sure at every level of ad making the artist and the writer worked together. Now the artist could suggest a headline, the writer a visual and for the first time “art and copy” were integrated as one. Everyone was in sync with each other’s thoughts and the ads worked brilliantly. Now 1+1 equaled 3. DDB’s unique approach gave birth to many masterpieces in the 1950’s. A bargain department store in New York named Ohrbach’s had a small media budget but Bernbach and his agency created a masterpiece for them. His ad without once mentioning prices made an advertisement which gave a clear positioning to the store. The advertisement showed a man carrying a woman under his arm with a caption that read “Liberal Trade-In: bring in your wife and just a few dollars….. We will give you a new woman.” Another in the series showed a well tailored woman flanked by a man shattered into pieces with a caption that explained “clothes that make the woman without breaking the man”. It was a beautiful and relevant combination of “art” and “copy”. It is not surprising then that it’s in the list of the Top 10 advertising campaigns of the century and number 1 and number 10 have ads created by DDB. No one else could get 2 of their ads into the top 10. At number 1, you have the Volkswagen ad with the headline “Think small”, at number 10 is the very very famous advertisement of Avis which had the most iconic headline ‘We are no.2. We try harder”. It was these few words that altered the fortunes of both the companies forever. Bernbach not only made sure his agency did good work, but he ensured that no “good idea” got lost. A lot of people think up wonderful ideas but its rare to find an ad man who can recognize a great idea created by others. His creative philosophy was simple “…indulging in graphic acrobatics and verbal gymnastics is not being creative” you need to create something where every word, line, shadow, makes the ad more persuasive.
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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
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THERE WAS A TIME WHEN BIG MEANT ECONOMIES OF SCALE; BIG PLANES WERE BETTER AND BIG COMPUTERS WERE WOW. BUT ALL THAT HAS CHANGED. SMALL IS THE NEW BIG; ESPECIALLY IF THE GUY BEHIND THE SMALL IS THINKING BIG!!

“If you cannot do great things, do small things in a great way,” said Napoleon Hill. This got me thinking about the significance of “small.” It’s the “small things” that have been changing and influencing our lives. Back in the 1960’s everyone was making big long cars. Doyle Dane Bernbach was hired by this company to create a campaign to promote an ugly looking car. It took a small headline to shake up the whole automobile market and changed all the existing rules of advertising forever. The headline read “Think Small”. Bernbach’s “Think Small” advertisement for the Beetle car was actually an exercise in thinking big. This ad catapulted the Beetle into fame and sales of the car (which no one gave much chance to succeed) actually broke all records and expectations. Not surprising then that in the list of the top 100 advertising campaigns, Volkswagen stands tall at the very top with its “Think Small” campaign that Bernbach created in 1959.

In fact, it was the “big” that drove Detroit into a ditch. GM, Ford and Chrysler had been America’s symbol of economic might and prosperity. They totally ignored the small and concentrated on big cars only. But it was the small and fuel efficient cars of Japan that helped them capture the US car market. In August 2008, the American car industry saw a drop in sales by 11%. Japanese carmaker Honda, on the other hand, out performed the sliding US auto industry with its US sales up by 1.2%. In 2007, Americans bought 55 light trucks for every 45 passenger cars. In July 2008, the ratio inverted and so did the fortunes of car companies. It’s the ones who focused on “small” that survived.

Toyota was another company that grew in an unprecedented manner and dominated the global car-market. Its hybrid car model, Prius became a best seller. But today, all is not well at Toyota City in Japan. The company has been hit badly by the slowdown. All eyes are focused on Akio Toyoda, the grandson of Toyota’s founder Sakichi Toyoda. In his first press conference ever, he said that the company had over extended itself in an effort to make big cars for the American market, forgetting completely that it was “small” which was responsible for its success. It’s time the company went back-to-basics and revamped its strategy, he said. Toyota City wanted to become like the Detroit of America – with car sales plummeting and unemployment increasing, the city is scarily coming close to fulfilling its dream.

It’s time to turn to “small” to survive. For that’s the way Ford has been able to survive. It’s the only US automaker that has not filed for bankruptcy because among other things, the first thing it did was sell off its big nonprofit table cars Jaguar and Land Rover to Ratan Tata. Alan R. Mulally, Ford’s CEO knew that the future was “small” and with this sale, Ford secured its future. In July, its sales rose 2.3% from last year, thanks to the increase in demand for small, fuel-efficient cars! The news made Ford the first among the major American carmakers to report a sales increase in the US this year. Small creates big impact – remember the atom bomb and how it altered Japanese and world history forever.     Read More....

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IIPM makes business education truly global
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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
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Entertainer, brand endorser, producer, businessman, cricket club owner or the ever-friendly neighbourhood guy Rahul... brand SRK ROCKS!

Come to IIPM, I’ll see you there,” says Shah Rukh Khan with that famous smile of his. And even as the big day nears, the excitement at the Indian Institute of Planning & Management (IIPM) is fast turning into a frenzy. The man, who is famous for his unlimited energy, seems to have infused some of it into the staff and students too, for no one seems to be going home (or sleeping) for days now! It’s work, work, work everywhere – every detail being looked into, everything being checked twice, just to be sure there are no goof-ups on D-day when the business quiz would be held and of course, no one is complaining!

SRK is someone who features regularly in Bollywood discussions, and also boardroom discussions, for a simple reason – the man is not just an actor, but an intelligent actor. He is not just a brand ambassador, but an intelligent business man (probably the economics background helps!). Every word, every statement, every comment is well thought, well reasoned and most of all, well worded. He is one of those rare celebrities who can never be outwitted! Not surprising then, that he features regularly in my write-ups and lectures in advertising. What is it that makes SRK such an interesting case study for MBAs! Let’s explore SRK, the brand.

ART OF WAR

There is a world famous book by the same name written by Sun Zi in the 6th century B.C. A book so old, yet imparting wisdom as relevant and useful even today that helps leaders and managers workout their business tactics. A famous quote from the book goes like this, “Know your enemy, and know yourself and victory will always be yours.” SRK seems to have understood this pretty well and has fought all his wars successfully. Of course, we are not taking about the Amitabh-SRK spat or the Salman- SRK imbroglio or even the Vidhu Vinod Chopra-SRK duel. We are not even referring to the Aamir-SRK face-off or the war between producers – distributors and multiplex owners that Shah Rukh helped put an end to. We are talking about the brand wars that he fights regularly and wins almost every time.

In 2005, ITC Foods announced that Shah Rukh Khan would be the brand ambassador for its flagship brand Sunfeast, endorsing the entire range of snacks under the brand umbrella. In 2003, when Sunfeast was launched, no one in the industry thought that the brand could make any major dent in the market share of its competitors’ – the old and mighty Parle and Britannia, who had dominated the country’s biscuit business for years. But ITC played its cards carefully. First, it brought in the world’s most revered cricketer Sachin Tendulkar to endorse their biscuit. “Sachin’s fit-kit” was an amazing idea and a surefi re hit. Next, the company roped in the evergreen charmer Shah Rukh Khan. Biscuits mean children, but SRK’s presence meant not just influencing children, but people across age groups. ITC Food’s strategy worked. According to A. C. Nielson’s retail sales audit of March 2006, both Britannia and Parle started losing volumes significantly. A worried Parle hastily roped in Hrithik Roshan to endorse its “Hide & Seek” brand. The move did not work. SRK won the hearts of consumers and the sun began truly shining for Sunfeast.

Take the laptop market. HP roped in Shah Rukh to endorse its range of brands from Compaq to sundry printers, with the famous tagline, “The computer is personal again.” This caused a flurry of high profile branding in the PC segment. Lenovo roped in Saif Ali Khan as its ambassador. Acer got Hrithik. Yet, SRK ruled this market. Interestingly, when it comes to being a pioneer and offering consumers the latest technology, it has always been Acer that has come up tops and with the most unique offerings. Think of it, Acer was the first to launch a Ferrari laptop range, a gemstone range designed by BMW designers and many such innovations. However, with SRK endorsing Compaq, Acer did not stand a chance. People perceived Compaq to be a better brand and HP held on to its market leadership. When the Badshah enters, you stand no chance.     Read More....

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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


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Conventional wisdom says ‘entry barriers’ should prevent new players and brands from upstaging their older and more established rivals. Yet, the marketplace is littered with example after example of new brands that have successfully climbed Mount Everest. How do they do it?

Nothing is permanent-in life, relationships and business! This eternal truth is brilliantly demonstrated by the rise, fall and rise of brands in the marketplace. Leaders of yesterday have become laggards today; and might become leaders again tomorrow or even disappear altogether. Students of economics and management are taught that every market has ‘entry barriers’ that make it very difficult, if not impossible for new players and brands to compete with and outperform older and well established rivals. But, what fascinates more than the so called entry barriers is the frequency and intensity with which new brands conquer more established rivals across the world. There are literally hundreds of such examples across sectors, geographies and segments. What makes the new entrants overcome formidable entry barriers and beat market leaders at their own game?

In contemporary times, technology and innovation play a key role in transforming late entrants into global power houses. Back in the early 1990s, when I was a management student, Microsoft was the unchallenged global leader. The advent of the Internet saw Yahoo first challenge the supremacy of Microsoft. Back then, nobody had heard about a word called Google. And yet, it is Google that is the undisputed and virtually unchallenged global brand in the business today. Bill Gates and his team at Microsoft have poured billions of dollars to create a search engine that can beat Google. No luck so far. And of course, it does appear as if the once powerhouse Yahoo is gently fading into history. And who knows, the rate at which new technology is evolving, the next generation might see a brand bigger than even Google!

Technology has played a key role in one of the biggest brand wars of the last decade or so. Going back to my days as a student, Motorola used to be familiar and awe inspiring brand name. Telecom was then – it still is – the market with the biggest promise and potential. But, we had only vaguely heard of mobile phones and Nokia was of course a name that probably only a few hardy souls in Finland were familiar with. The company was originally involved in manufacturing paper, pulp and rubber! But now, Nokia is the undisputed mobile phone and telecom global brand leader while Motorola is struggling of stave off bankruptcy. Quite clearly, brand Nokia has been more successful in harnessing mobile handset technology than Motorola, despite the huge head start

Technology and successful marketing of the consumer benefits delivered by the new technology can also explain why a relative newcomer dislodged an iconic brand in India as the unquestioned market leader. Back in the 1980s, Bajaj Auto ruled the Indian two-wheeler market. The Indian market was then overwhelmingly dominated by scooters with motorcycles coming a distant second. But that was the time Japanese two-wheeler brands like Suzuki, Yamaha and Honda made an entry in India. The Hero group tied up with Honda and launched the Hero Honda motorcycle. It was arguably the first ‘fourstroke’ bike in India and delivered superb fuel efficiency. The early Hero Honda ads brilliantly sold this value proposition to Indian consumers with the now legendary tagline – ‘Fill it, Shut it, Forget it’. Last year, Hero Honda sold more motorcycles than Bajaj and TVS together and is perhaps the largest motorcycle company in the world now. Sometimes, established brand leaders are demolished in the marketplace by new rivals because of sheer complacency and inability to move with the times. I will give one global and one Indian example to show how pervasive this tilt towards complacency is. Once upon a time, General Motors (GM) – along with Ford – virtually ruled the world of automobiles. Brands like Chevrolet and Pontiac had become gold standards when it came to customer loyalty and brand equity. By the time Toyota started selling its cars in the United States, the giant GM did not even deign to acknowledge the potential new rival. After the oil shock of the seventies, Toyota focused increasingly on fuel efficiency and smaller sizes while GM continued with gas guzzlers. The result: GM had to eventually fi le for bankruptcy in 2009 while Toyota is the gold standard today when it comes to quality and customer satisfaction in the automobile industry.     Read More....


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


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During his 1993 Super Bowl Performance of Heal The World, Michael Jackson elevated the mood of an entire stadium with just a single song. That’s the power of live music. To excel, artists today and tomorrow will have to carefully cultivate the same art of carrying the audience along for the musical joyride...

11 tickets per second! That was the selling rate of tickets for the ‘This is it’ tour at the O2 arena in London of the legend called Michael Jackson. All shows were sold out in a matter of minutes. According to its organisers ‘This is it’ became the fastest selling tour in history with people as far away as Japan, Belgium and Dubai, queuing up to purchase tickets, some even willing to pay up to $700 for tickets bought from secondary markets. This, inspite of knowing that the tickets are non-refundable even if the shows got cancelled. Michael Jackson’s planned 50- show run at the O2 Arena in London would have been the highest-grossing single concert ever. More than $85 million worth of tickets had been sold for the shows, which were to begin July 13. If staged as per schedule, they would have been Jackson’s first solo shows in twelve years.

MUSIC WILL NEVER BE THE SAME AGAIN
Yes! For many of us, who have been crazy fans of Michael Jackson since his “Thriller” days, the world of music has altered forever. But it is true that the music world has also changed in more ways than one. Music used to be heard on gramophone records, then on cassettes, which gave way to CD’s. Now, of course, is the era of digital music with the iPod and the internet playing a big role in the way music is distributed and heard world over. Digitisation got with it a new evil – the rise of “pirated” music. Piracy is so rampant and pirates are so good that there is hardly any difference between the original and pirated versions of music scores. In fact, pirating is so prevalent in China that legitimate stores too sell pirated CDs. Chinese artists today hardly make any money from CD sales. Not just in China, but world over, artists are not making money from CD sales, although CD sales in themselves are increasing. The moment an original CD is made, pirates are already out on the streets with their cheaper and equally good quality version. So much so that musicians today consider CDs as just another way to promote themselves and their music. If their music is liked, then they have a chance of making money via other means. Their popularity could get them product endorsement deals and a chance to appear in commercials. More importantly, artists, musicians and rock stars these days are relying more on live shows to earn money. Think about it. Back in the 1940’s musicians had protested that recorded music would ruin the live concert business, then the largest source of revenue for the music industry. Today, once again, live concerts are proving to be their biggest revenue earners. The business model of the music industry is changing fast. Internet downloads and pirated CDs have brought down the perceived value of music. Eventually recorded music will make no money. Live concerts, on the other hand, seem to be back with a bang and are here to stay. Live music, and the experience it guarantees is difficult to replace. The feeling of the beats on your chest, the screaming fans, the crazy hysteria, all of these are things you cannot pack in a CD. It was this ‘hysteria’ that fans wanted to be a part of when they heard that Michael Jackson would be performing for the world – one last time. This was truly the last opportunity for many to experience the thrill of listening to the century’s greatest rock star – live!

ALL ABOUT MUSIC VENUES AND MUSIC
The most exciting thing in life for a music fan is seeing his or her favourite band live. It’s this excitement and thrill that many companies are using to earn moolah for themselves. With live concerts becoming the lifeline, many artists are now moulding their careers differently. Instead of signing record labels, they are signing up with concert promoters like ‘Live Nation’, which today has become a major rival of music companies like EMI, Sony Music, Warner Music Group, et al. Famous artists like Madonna, U2, Shakira, choose to sign deals with ‘Live Nation’ rather than music companies, making the former a powerful force to reckon with. In February this year, ‘Live Nation’ merged with another giant Ticket Master to create ‘Live Nation Entertainment’. The two biggest names in live entertainment have not just created history, but a monolithical empire that would monopolise the business of live entertainment. Of course, a lot of eyebrows are being raised, but it just goes on to prove how important concerts have become today. According to Nigel Parker, author of the book Music Business, many consumers now seem more inclined to regard live performance as the defining experience of modern music. According to Parker, “The importance of live performance is underlined by the fact that the biggest-grossing live performers of recent years include veteran seventies performers such as Eagles, Rolling Stones & Pink Floyd, whose record sales no longer match their capacity to draw huge live audiences.” Before the business of recording sound started it was live music, today ‘live’ is back in business.     Read More....


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


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The best of products and marketing campaigns may fall fl at when it comes to the customer. And this may be despite the best of market research backing them. But a marketer who understands the customer’s mind can utilise the 4Ps strategy in a more optimal manner; leading to stupendous results

It’s turning out to be a year of new launches, making the market place more interesting and competitive. Palm launched its glitzy mobile phone “Pre” making Apple really shaky and nervous, with Apple wanting to sue it for copying the iPhone touchscreen. Microsoft has launched, rather relaunched its internet search engine with a new name Bing – planning to take Google headlong in the battle of the “searches”. Yes, this time – innovation seems to be the key to survival. But will plain innovation be enough to make a product survive?

THREE STORIES TO ILLUSTRATE

1ST STORY

100 students at MIT’s Sloan School of Management were shown an advertisement of the magazine – The Economist. It was a subscription ad, urging readers to pick the type of subscription they wanted to buy or renew. Three offers were on display:- 1st Offer: Internet subscription for $59 2nd Offer: Print subscription for $125 3rd Offer: Print and Internet subscription for $125

Out of the 100 students, 16 students opted for the first offer, zero students for the second, and 84 students went for the third offer. Now no one in their right minds would even remotely think of going for the second offer when at the same price, you got a bigger and better bargain when you selected the third offer.

So the researcher Dan Ariely decided to do away with the 2nd offer (after all no one went for it in the first round); this time again, 100 students were asked to fill up the subscription form. The results spoke a different story; 68 students chose the first offer of $59 for Internet only, while only 32 chose the $125 subscription, which offered the combination of print and Internet. While it appeared to be the most lucrative option the first time, what was it that made it look so lackluster the second time?

2ND STORY

It was a basement-run operation when it started. Today it’s grown into a huge business with branches spread all over the world. The company is Amway Corporation. The company has used a technique whose power is indisputable. It calls this BUG. Before you draw up any conclusions, the BUG in nothing but a collection of Amway products – the furniture polish, detergent, shampoo, deodorizers etc. all put together in a specially designed tray. Each salesman is trained and instructed that he has to necessarily leave this BUG in the prospects house for 24-72 hours, without charging her anything or putting her under any obligation to buy. She was just expected to try the product. When the salesperson returned to collect the free samples (BUGs), most of the customers bought at least one product. The BUG, true to its name, was working like magic. What was it that suddenly made the same products so good, that all sales shot up so fast?

3RD STORY

An owner of a jewellery store found that she was unable to sell a collection of turquoise jewellery. She tried as hard as she could, but nothing worked. As a last resort, during the peak tourist season, she asked her saleswoman to put a note on the turquoise jewellery section announcing “Everything at ½ (half) price”. As expected, everything was sold within a few days. However, the shocking part was that the saleswoman had not heard her correctly and instead of putting everything at “½” she had put them at “2x” i.e. double the price. Why did it all sell?     Read More....


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


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Tobacco companies have successfully used basic and simple marketing tactics for years; even if it meant irreversible damage to society. It’s high time we beat them at their own game.

It’s interesting that rotting teeth, lungs infected with cancer and a slew of other horrendous and horrifying images will adorn cigarette packets in India from this month (June onwards). Another interesting development occurred in Washington a few days back. A federal appeals court upheld a landmark 2006 ruling on 22nd May that cigarette makers for decades have been lying about the dangers of smoking “In a 93-page opinion, a three- judge panel cleared the way for new restrictions on how cigarette companies market and sell their products,” stated the Washington Post. What is it that makes marketing and selling of cigarettes so different that it required a 93-page letter to help reduce their effect, if not stop it totally? What is that that these companies have been doing that’s so harmful to our society. What weapons do they use & what’s their game plan?

POWER OF PERSUASION
Advertising and marketing are nothing but means of persuading consumers to buy the desired brand or product and it’s the tobacco industry that seems to have mastered the art over the years. For, according to some surveys, about two thousand teenagers begin to smoke each day, inspite of the fact that smoking is the number one killer in preventable deaths in a nation. Yet it’s persuasive marketing & advertising that ensures that thousands bite the bait and buy these harmful products. This happens is because cigarette companies thrive on “Image Culture” and use it to the hilt to sell their wares.

IMAGES MARKETING – THE FIRST WEAPON
The television was invented in the 1930’s and for many years, no one thought it had any use. They had the radio for their entertainment and if it tired them out, they all went to the movies. Who needed television – no one! What needed television – the economy. It needed the television to tell to the world, about life in a consumer society. It needed to show “Images” of success, progress, happiness. It’s the cigarette companies who learnt this lesson the best and used these images to camouflage the potent danger of their products. It chose its target audience cautiously and bombarded them with judiciously selected images. The target that was the best, the easiest and the fastest to convince was the “gullible teenagers”. A study revealed that what each teenager feared most was being labeled “uncool” and hence started the “marketing of cool”. This strategy proved to be most successful, for, according to 1981 internal document of Philip Morris (largest Cigarette Company in the world), “Today’s teenager is tomorrow’s potential regular customer, and the overwhelming majority of smokers first begin to smoke while still in their teens. The smoking patterns of teenagers are particularly important to Philip Morris.” With the mission & vision statement clear, cigarette companies started targeting the vulnerable minds of teenagers through marketing schemes & campaigns. They bombarded them with images of “cool”. Tobacco companies used themes that appealed to the young minds; images of fun, action, excitement. Now you could look macho if you had a Marlboro in your hands. Strand Cigarette claimed “you’re never alone with a Strand”. “I’d walk a mile for Camel,” vowed many cigarette addicts. A women was successful if she held a Virginia Slims between her beautiful fingers for “You’ve come a long way” (read achieved success) if you smoked Virginia Slims. Sex appeal; cartoon characters, movie star status – every conceivable tool was used for years by tobacco companies to convince people that if you smoked, you had a life. Every claim of happiness was backed by a stunningly beautiful picture – that made every onlooker want a life like that. Worse still, it made smoking look like a fun activity – not a product that could kill.     Read More....


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


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They are certainly not an endangered species, but definitely quite a peculiar one! The young boys and men of today cannot be reached efficiently via the 30-second commercial anymore, instead they need to be engaged via the gaming route

“Highly unrestrained use of expletives, dark, and very funny” that was how one could describe the new animated satire “South Park” that debuted on VH1 in May. It’s totally different from what TV audiences in India have been used to.

Let’s take a look at some of the popular shows on TV. It used to be the “saas-bahu” ones, which have now given way to the sob-sagas of little girls and their sad tales. Kyunki Saas Bhi Kabhi Bahu Thi ensured that most women were stuck to their TV sets during the time it was aired. Most of them are still there, this time teary-eyed for the girl in “Balika Vadhu” and other serials like it. The point is, look around on TV and mostly those are women who are being targeted and marketed to.

However, there is a segment that, for a long time, has been the most elusive to catch and market to. It’s the young boys & men. Where do we look for them? If statistics are to be believed, then this segment is the most elusive and hence the most desired. Young men are tuning out broadcast TV as they turn to games and the internet. About 22% of them watch TV, while more and more of them are spending their time on the internet. For years, NBC’s “The Tonight Show” was the biggest money maker on television – considering it had a huge fan following. Today, the ratings of the show have declined, albeit slightly – among the younger viewers – since lesser young men are watching it.

With lifestyles changing, people staying up late, TV channels are realizing that there is a market that has gone untapped for a long time and a lot of them are creating programs to suit this group – the young males. However, these are few and far in between. Today, almost every sitcom is female oriented. Male oriented programming is almost squeezed out of prime-time, save a few like the recently premiered “South Park”. Traditionally, big mass-advertisers have targeted women, because the sales of most are driven by women - who still do most of the household buying. However, the 18-34 year old male is today making his choices, forming brand loyalties, and cannot therefore be overlooked.

Life beyond 30
Many would vouch for the fact that life begins at 30. It’s time marketers took a cue from this one. You need to look beyond the 30-second-long TV commercials if you really want to reach out. TV used to be the coveted media, but the remote control changed it all. Then came the internet & fragmented the audience. Today, TV no longer caters to the mass audience and some companies have sensed it. Back in 2003, Coca Cola cut its TV ad spending by 10 percent and pumped the money into a totally new and unexpected new media – the video game! Advertising has followed consumers; so when the young viewers switched from TV to games like The Matrix Reloaded and Enter the Matrix – so did Coca Cola. Soon P&G and GM, the biggest advertisers of US, shifted too. They had found a way to catch the target audience – a way different from the 30-second TV commercial way!

It reached the white house boy
The elusive 18-34 year old male is touted as the “most intensely targeted subset of humans today”. He’s unique – doesn’t read much, doesn’t watch much TV either – but spends hours (15 hours every week) on playing games. Today, all brands big & small are rushing to showcase their goodies on video games, just to catch the attention of this elusive species! As per Microsoft, its Xbox live – a subscription service that allows consumers to download games, and a whole lot of other stuff – reaches more men aged 18-34 than The New York Times, ESPN. com or Men’s Health. Try to beat that!

Electronics Art (EA) recalls a time years ago when it used to pay companies to reproduce their logos on its games. Today big brands like Honda and McDonald’s are paying EA; not just that, hoards of them are on the wait list – to be included in the new games being developed and launched. Recently, Microsoft has entered into a deal with EA to provide live-in game advertising within games developed by EA that can be played with an Xbox 360 or a PC. One of the first to spot the trend, Microsoft didn’t waste time, and a few years back, it acquired Massive Incorporated for $200 or $300 million. It could smell a lot of advertising money coming its way. Google, for the first time, got left behind, but it woke up & soon made plans to acquire another upcoming gaming company – Adscape Media Ltd.     Read More....


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


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