 At the risk of sounding extremely materialistic yet I always tell budding entrepreneurs and future leaders that an education in management teaches one among other things to become an expert in marketing products. It teaches one to understand the needs of the consumers and position the brand in such a manner that the consumer feels he / she needs the brand and goes and buys it. Most of the students of management are quick to learn this and by the time they graduate they are ready to impress the corporate world with their newly learnt skill of ‘marketing’. As david ogilvy once said “a great marketer can even sell snow to an eskimo”. Many management graduates pride themselves upon the fact that they can ‘market almost anything to anyone’, and most of them are actually pretty good at it too. So then all these so-called expert marketers must also be greatly successful in their careers? Surprisingly that is not true. This is because these marketers learnt to market everything and anything but forgot to learn to market the most important thing and that is ‘marketing themselves’! FORGET THE RESUME FIND YOURSELF FIRSTThe traditional way of marketing oneself was with the help of a good resume. Today you need to go a step further than that. You need to ‘brand yourself ’. Just listing your achievements in a resume will not take you far. You need to be able to ‘sell and market’ your achievements effectively. Here are some points to keep in mind. Be Distinct: Now I see youThis is a fact that we all are being judged all the time, and whether we like it or not, whether we realize it or not, we are constantly selling ourselves. In the business world it’s all about branding. The most ‘well branded’ product rules the market share and the hearts of the consumers. To be really successful in the corporate world you need to ‘brand’ yourself. You need to ‘position’ yourself correctly so that people see you as you want them to see you. Do not wait for people to discover for themselves your real qualities, your true potential and your strengths. You need to show it to them yourself through correct branding. You need to find out that one thing you are best at and use all possible resources to build upon it. Look at it this way, who was the ‘angry young man’ of Bollywood? Yes, it was Amitabh Bachchan. Even though he gave stellar performances in other roles, he ‘branded’ himself as the angry young man. Who is the most generous Bollywood star? Salman Khan. In fact, his charitable organisation ‘Being Human’ has helped him make his branding as the ‘most charitable star’ even stronger. Social networking sites are an interesting platform for one to start their personal branding. In June Former Secretary of State (US) Hillary Clinton joined Twitter. However, the thing that got the maximum attention was her bio that she had posted more than her tweets. She branded herself as “wife, mom, lawyer, women and kids advocate, FLOAR, FLOTUS, US Senator, SecState, author, dog owner, hair icon, pantsuit aficionado, glass ceiling cracker, TBD…” Where TBD stood for ‘to be decided’, with many interpreting it as a sign that she might join the Presidential race in 2016. If she does join, then it’s her personal branding that will help her differentiate herself from the other candidates, just the way Obama did. He came out of nowhere, but his personal branding was so strong, so bang on target that he was noticed and remembered and voted for. He branded himself as the man who could do it. ‘Yes we can’, “Change you can believe in”, have become slogans that you associate with him only. No wonder when Narender Modi chanted ‘Yes we can...’ in Hyderabad as he flagged off the BJP’s election campaign he came under a lot of criticism with some even labeling him as ‘fake Obama’. That is the power of a strong branding – nobody can copy you. As in business – Coke is the ‘Real Thing’, and Pepsi can never be known as that or Nike is ‘Just do it’ and Adidas can only say ‘Impossible is Nothing’ but cannot ask its consumers to just do it! When you find a distinct way to brand yourself people start seeing you that way too. So don’t just be an expert in marketing for its too vague. Make it more specific. An expert in social marketing is probably a little more specific. Apart from people and products today cities are branding themselves too. One of the most well branded cities is Las Vegas. It promotes itself as the place where you can do what you want and nobody will bother you, for its tagline says “What happens in Vegas, stays in Vegas”! Yash Raj Films branded Switzerland as the country for lovers and Switzerland can never thank him enough for the countless couples who started going there after seeing Switzerland in Yash Chopra’s films. The more focused your branding the more easy it is for people to remember you and identify you, for now they see you more clearly and distinctly. Read More....An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri ( Renowned Management Guru and Economist). For More IIPM Info, Visit below mentioned LinksSC slams AICTE's illicit control on MBA coursesMBA, MCA courses no longer under AICTE 2012 : DNA National B-School Survey 2012
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Slowdowns may hit the best of them, but not necessarily the rest of them! Any company, regardless of its size, can return to sustained profitability if it gets its basics rightSouthwest Airlines is one company that never fails to inspire. Today, more than ever before, we can learn a lot from the way this company, which was once a startup with cash flow problems, became a hugely successful enterprise – that too in a business where it’s difficult to even break-even; forget about making profits. Think about bad times, turbulence, upheaval; Southwest has seen it all. From fuel shocks, to interest rate changes to the worst of all – the 9/11 attacks which psyched customers away from flights – Southwest has braved every storm and has come out stronger each time. Its probably got something to do with Herb Kelleher’s (founder Southwest) mantra. He says, “In good times, manage as though bad times are just around the corner, because they are sure to come.” It’s life and it’s normal. It may seem that the world is going out of control, but the truth is that you need to have a unique kind of leadership, a unique outlook to come out unscathed. SMART ATTITUDEI firmly believe, your attitude determines your altitude. After World War II, Boeing lost more than 90% of its revenues. The US government cancelled most orders for bomber aircraft, which had been the mainstay of the aircraft industry. It could not get worse than this, but Boeing’s Bill Allen saw this as an opportunity. He decided to use his knowledge of military planes and used some of its unique features to build commercial aircrafts. People thought he was crazy, but the $16 million of the company’s profits that he sank into this project paid-off. He got his orders and the company was in business again. By 2001, Boeing remained the only American provider of commercial aircrafts. According to Jim Collins, the author of the famous book Built to Last, 15 of the 18 companies in it had lived through the depression and all 18 are standalone companies today. And if you look closely, you will find a great leader who never looked back, never compromised, however great the pressure was. Great leaders never let any adversity rule them, instead they turn it into an opportunity. Great leaders create great companies and great organisational cultures. According to Fortune magazine’s list of “100 Best companies to work for,” last year Google featured at the number 1 position. However this time it is beaten by “NetApp”. Network Appliance has survived the dot-com crash, has been growing consistently for years and hit $3.3 billion in sales last year. It’s the company’s “down-to-earth management ethos” that has catapulted it to the number one position. Its business heads don’t make business plans, rather they write “future histories,” where they imagine where their business will go in a year or two. Always frugal, but never foolish when it comes to handling expenses, the company has a great culture. Not surprisingly, it has gained market share during the slump, hasn’t had layoffs and has over $2 billion in cash on hand to help it survive the slowdown. If you have created a great organisation, worry not. If you haven’t, well the time to start creating one is now! Read More....For More IIPM Info, Visit below mentioned IIPM articles.
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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
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Planman Consulting
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine
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Strikes are a company’s worst nightmare. Look after your people in bad times & they’ll return the favour when the tide reversesAll the Saas Bhi Kabhi Bahu Thi addicts heaved a sigh of relief when on 19th November the industry workers called off their strike. Federation of Western Cine Employees (FWICE) had called for the strike demanding higher wages, better work conditions, and more. As a result, TV channels were forced to begin repeat telecasts of various shows. Of course, not everyone heaved a sigh of relief. Some wished that the strike would go on forever, as they had just about started sharing some family time. And then TV was back! Whatever the feelings – a strike is not one of the best things to happen. It hurts everyone – workers, company and customers. Yet, incidences of strikes and lockouts abound in corporate history. Paradise Found, Paradise LostIf there is one place where many dream of working, it’s in a Ferrari factory. It’s ‘Paradise Found’ for many when they get recruited by Ferrari. The ‘Great Place to Work Institute’ named Ferrari as the Best Place to work in Europe 2007. The company worked hard to win this accolade. It built the ‘Maranello Village’ and revitalised all facilities in and around the factory and spent close to €200 million. However, just because you spend your day at the ‘Maranello’ crafting F430s, 599s and your heart swells with pride as you hear the engines roar and watch the beauty come to life, doesn’t means all’s well. It was in 2007 itself (the year Ferrari was voted the best place to work in Europe), that Ferrari workers went on a strike! ‘Paradise Lost’ for the management probably! The reason for the strike was unusual. The workers felt unhappy with the fact that the quality of Ferraris was declining since Fiat was trying to make too many of them, and it was not possible to maintain the necessary quality standards. Of course, among other things, the workers also wanted higher bonuses. But this was a strike with a difference. It had a unique style. The workers would only strike on Saturdays and that too not all of them at one time! Their aim was not to disrupt production, but to just slow it down a bit and make the management see their point of view. Even Japanese workers had a similar style. A strike in a Japanese shoe factory saw workers making shoes for the left foot only. They never stopped work, but only after the management understood their point of view and solved the problem did they start making the right foot shoe. The best part was that it was a win-win deal. No production hours or man-hours were lost and worker’s demands were fulfilled. However, strikes like these happen only when there is “passion” in workers; and when they take pride in the company they work for. It is only then that they strike not to hurt but to be heard! 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
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It’s everywhere. Look around – technology is changing, customers are changing, companies are changing, values are changing, so much so even the climate is changing. As John F. Kennedy said: “Change is law of life and those who look only to the past or present are certain to miss the future”. Yes, change is everywhere. General Motors (GM) is back. From bowing out in 2008 and moving towards a 2009 bankruptcy reorganisation, the company is planning to advertise in the Super Bowl, the most expensive event to advertise in, in February. GM is now ready with its new ad campaign and a new tagline for the Cadillac which says, “The new standard for the world”. From down-and-out to up-and-about! What a change! Gadgets have changed. Just look at the iPad and see what it has done to business. Not just have they changed the computer business, but have shown different businesses like Media, Advertising, Gaming etc, how to do business better! If you thought iPads and iPods were the only ones that got thinner this year, think again. If you thought “limited-editions” were for designer clothes, watches, cars etc, think again. Huggies launched limited-edition, denim-style diapers in May this year. The new, thinner and fashionable jean diapers sent moms into a tizzy. Everyone wanted one for their tiny tot. Its tagline “The coolest you’ll look pooping your pants” brought the smiles and laughs and big bucks too for the company. This change in design helped Huggies beat P&G and get back just about all the market share it had lost when P&G launched Pampers Dry Max. It was P&G’s biggest innovation in 25 years and it lost when Huggies changed. Change is powerful! Keeping pace with it is the key. Earlier, social activism meant protest marches, and even giving up your life. Today it’s as simple as hitting the “Like” button on the Facebook! 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---------------------------------------------------------------------------------------------------------------
He doesn’t care about your claims of “good” quality. He doesn’t care if you are number one. He buys only that product which makes him feel happy and which he thinks is right. The “market” is a totally different place today, than it was earlier. There is a new generation of consumers that thrives on products that didn’t even exist as recently as five years back. Technology has created new markets (cell phones, smart phones, iPhones, Twitter, Facebook) and a new breed of consumers that is very difficult to please. Today’s consumer is even more demanding. He wants greater value from products and services, greater transparency, greater corporate responsibility towards the environment & the less fortunate. According to a survey by Landor Associates, 50% of the 18-25 year olds said they are ready to take a pay cut to work for a socially responsible company. Add to this, the global economic downturn which not just affected many people’s wallets but also their outlook, and the way they are making choices in their lives. As Sheena S. Iyengar in her book The Art of Choosing says “…we use choice as a powerful tool to define ourselves and mould our lives.” If you want your brand to be “valued”, you need to make sure it is the one that this demanding consumer chooses which helps him define his life. Just hoping your brand will sell because it is of good quality, is correctly priced et al, won’t work. The “Don’t Know, Don’t Care” (DKDC) generation wants more. Nissan is rolling out a new ad campaign (dubbed “Innovation for All”), which showcases not price, but innovative features of its cars like keyless entry, air purifiers and smartphone apps, to appeal to this new consumer. 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---------------------------------------------------------------------------------------------------------------
Once again it’s that time of the year when the world gets into a festive mood. It’s going to be Christmas soon and marketers are already, ready with their plans and their campaigns. Back in India, Dussehra just got over, but festivities have only just begun, with the grand-dad of all festivals – “Diwali”, just around the corner. It’s that time of the year when everyone goes on a buying spree. Consumption reigns supreme this time.However at the heart of all this frantic activity lies a simple thought – “the power of giving”. Yes gift giving is central to Diwali. It’s a way of paying homage to the deity of wealth – Goddess Lakshmi. No wonder Diwali is the largest gift giving and shopping festival of India. Gifts symbolise one’s prayers to the almighty for the prosperity and well being of the recipient. “Giving” is at the heart of all festivities, and “giving” should also be at the heart of all marketing activities. GIVE TO GETThis kind of giving is one of the oldest tricks in the books – a free gift! An interesting ‘freebie’ to help sell products. It’s something marketers have been using for decades to lure customers away from the competition. Giving is powerful. It is a very strong way of communicating. It is “emotional communication”, which is one form of communication that creates the maximum impact. Be it in business, where you need to build relations with consumers or be it in personal relationships, one needs to develop and build emotional intelligence skills, to have and to maintain enriching relationships. 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 ---------------------------------------------------------------------------------------------------------------
There was something very interesting that happened at Christie’s (the auction house) in London on September 29, 2010. The auction was very unique. The room was packed and beyond – people had even formed queues outside Christie’s; the heightened interest made the authorities shift the auctioning to a bigger room. People were bidding not just inside the room, many were on telephone, many more were registered online, from countries all over the world. From New York to Dubai, nobody wanted to miss the action… It was the auction of 300 items from Lehman Brothers’ London headquarters – paintings, miniature battleships, et al. It’s interesting to note that while not many were interested in the sale of Lehman’s European business (which was bought by a Japanese company Nomura), this auction was evidently different – and the most interesting bid was for a large metal nameplate that used to adorn Lehman’s London headquarters. An anonymous bidder bought the sign over telephone at an exorbitant price of £42,050. It was symbolic, for these letters symbolised the beginning of something new. The collapse of Lehman Brothers had ignited the global financial crisis, which changed the world forever. Incidentally, Lehman Brothers’ mission statement was another sign that fetched record prices! It read: “We are one firm defined by our unwavering commitment to our clients, our shareholders and each other”! 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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