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She was a young girl when she first came to Mumbai from a small village. She was born into a dalit family and had faced discrimination all her life. After marriage at a tender age of 12, it got even worse as she was beaten up by her husband's family and tortured daily. She could not take it and ran away to her father's house. But the Indian society always looks down at a woman who leaves her husband.

The pressure was too much for her to take and she tried to commit suicide at the age of 16. Her aunt saved her and inspired her to live her life on her own terms. That day, this 16 year old Kalpana made a promise to herself to live her way. She went back to Mumbai and started working at Rs.2 per day. She worked 16 hours a day. Soon, she started her own business. Subsequently, as luck would have it, she got a chance to run a metal engineering company - Kamani Tubes - which was in massive debt. She could understand the plight of the people best as she had already been in that situation once. She soon turned the company around and is today the CEO of this multi-million dollar company. Her commitment to herself, to never give up, finally paid off.

Success comes when you are ready to be bonded, when you are ready to be committed. With commitment, comes the ability to give your best without looking for returns. A mother's love is the best description of commitment. She loves her child without thinking or calculating what she will get in return. It's pure, it's unconditional, and it comes from a deep commitment towards her baby. All people who have achieved greatness have been able to do so because of their steely determination and their commitment to the cause. Michelangelo was one such person. He was a great artist, but his greatness lay in his ability to stick to his commitments. He sculpted his first masterpiece at the age of 21. He was so good that he was soon asked to paint the ceiling of a small chapel in the Vatican. He was initially asked to paint only 12 figures on the ceiling, a figure that over time increased to 400. Since he had committed to the task, he did not refuse to paint any of the 400 figures. The whole task took him four years, and that too while working mostly lying on his back, as he had to paint the ceiling. This caused permanent damage to his eyesight; and at the age of 37 itself, he started looking quite old. One day, while Michelangelo was immersed at work, someone saw him intently painting a figure that was quite concealed in a dark corner, a corner that most people would not notice. The person asked Michelangelo why he was working so hard on something that not many would see? His answer was, "God would see!" That is commitment. when you work with passion and give your best without calculating how much benefit you would get. As expected, the ceiling that Michelangelo painted set a new standard in art, which is being copied for generations now.

Great leaders are those who are committed to a cause. In fact, not just that, they are great leaders if they can make their employees as committed as they themselves are. As Thomas Watson Jr quoted in the book A Business and its Beliefs - The ideas that helped build IBM: "The basic philosophy, spirit, and drive of an organization have far more to do with its relative achievements than do technological or economic resources, organizational structure, innovation, and timing." If your people believe in you, then you can achieve anything. For them to believe in you, they need to see your commitment towards them. If you treat them well, challenge them well, and give a good, fair, honest feedback, they will remain committed to you come what may. Mary Kay Ash was not just a businesswoman committed to her business but she was also committed to the women who ran her business, who sold her products. After working for 25 years in a male-dominated industry, when Mary retired in 1963, she started writing a book on `direct-sales', something she had done all her life. The book soon turned into a business plan; and Mary and her 20-year-old son soon started a cosmetics company. She had spent her life in a male dominated world and knew how difficult it was for women and she was determined to change it. She created her company with a strong commitment towards women. A company where women had unlimited potential personally and financially. She once said, "My objective in life is to help women know how great they really are." The commitment showed and soon her company - Mary Kay Cosmetics - became one of the largest direct-sales cosmetics companies in the world. After all, a company is as great as its people.

Henry Luce founded the Time magazine not only to make money from it, but he also thought that it was his responsibility to inform and educate his readers. He wanted them to think, debate and discuss various issues. He brought a sense of mission to journalism. By 1940, he was America's most powerful and innovative mass communicator. It was his commitment to a cause that made his magazines more gripping than others and provided readers a better view of the world than similar periodicals and newspapers. Soon, Time Inc. became a substantial concern. Most correspondents started reading Time and tried to copy its style of writing.

When you are committed, you set standards of excellence.

COMMITMENT GIVES YOU A REASON TO LIVE AND A REASON TO DIE FOR
One man who gave up his life for a cause, a commitment, was Ernesto Che Guevara. He said, "We cannot be sure of having something to live for unless we are willing to die for it." In 1955, Che, who was just a troop doctor then, met Fidel Castro. Slowly, he developed close bonds with Fidel. Soon, Che understood the cause for which Fidel was fighting and started believing in it. He started fighting with Fidel - and from a doctor of the group, Che soon became its most courageous soldier. He was deeply committed to the cause of the oppressed and the exploited and was ready to fight for them, irrespective of which part of the world they lived in. He was from Argentina but he fought in Cuba; he even fought in Bolivia where he met his death. This is what has made him the most famous revolutionary of the world. He is a man whose life will continue to inspire many, even years after his death, for he lived his life for a cause and even died fighting for it.

Commitment makes you go beyond your comfort zone. A lot of us start a lot of things because we are interested in them. We start learning a musical instrument, a new language, join the gym etcetera because, well, we're interested in the same. To be really successful in any field, one needs to go beyond merely being interested. One needs to be committed. When all that binds you with something is plain interest, you would undertake that only when it's convenient to you. But if you are committed, you'd do that even when it's not convenient.

Similarly, you find someone interesting and fall in love; but to make a marriage last, takes something more. A deep commitment to the relationship and a lot of hard work are required. Today, many are ready to fall in love but few are ready to commit to it; so the number of divorces are increasing because that commitment to love, no matter what obstacles or temptations come your way, is missing. Passion without commitment is of no use.      Read More....

An Initiative of IIPMMalay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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The Olympics are over and forgotten and so is India’s performance. Yes, we did win a few medals, but we did not win a gold. If we had to look at the Olympics from a marketer’s point of view, then once again, there is this one company, which deserves to get the ‘Gold’ for its marketing strategy.

If you watched the Olympics, you would not have missed the neon green shoes on the feet of some 400 athletes. Well it’s not the first time that athletes have worn Nike shoes during the Olympics, but it is definitely the first time that they have worn this color. Earlier, Nike used to make shoes that matched the uniforms of the athletes. The shoes ‘matched’, which means that they blended with the uniforms. Nike did not like that for nobody really noticed them. Martin Lotti, the designer at Nike, was not happy just designing shoes; he wanted to be noticed. So he chose a color that was bound to stand out – be it the racing track, the boxing ring, or any other event. He colored his shoes neon green and made every athlete wear them. There was no chance that anyone could miss them. So while Adidas was the official sponsor of the game, it’s once again Nike’s shoes that got noticed.

If you stick by certain basic rules, chances of going wrong are reduced remarkably. Like in the above mentioned case, when people go to watch the Olympics, they go to watch the athletes. So if any brand wants to get noticed, the most logical thing would be to be as near to the athletes as possible. Nike did just that. It thought ‘athletes’ and all marketing and branding efforts were concentrated around the athlete. So while Coca Cola is rumored to have paid $100 million and Adidas has apparently shelled out around $63 million, it is Nike who did not spend any money on sponsorships that got the maximum attention. Branding is all about creating the right impact and Nike was bang on target this time. Branding is also about creating customer satisfaction, but surprisingly, many companies lose this focus and finally lose out in the race.

IT’S FOR THE CUSTOMER, SILLY

Peter Drucker quoted a long time back, “There is only one valid definition of a business purpose: to create a customer.” This simple fact is overlooked by many. First, you have customers, and the rest follows later. However logical and simple the concept, some companies just fail to implement it. For many, the focus is on ‘shareholders’. They rationalize that if shareholders are happy, the company is doing good.

Jack Welch is one of the best examples of a CEO who is known for his capacity to grow shareholder value. He moved GE from a market value of $14 billion to $484 billion; making it the most valuable and largest company in the world. It was the one company that met market expectations every quarter for almost 48 quarters, and it delighted shareholders for 12 years. So if shareholder expectations are the benchmark, then GE should have been the strongest company. But surprisingly, after Jack Welch retired, the company’s market capitalization started going down and today, GE has lost 60% of that value. How could this happen? The answer is simple; the earnings and the balance sheets were ‘managed’. There was no ‘real’ value creation happening in the company. This is one of the reasons why every day, a new accounting scandal emerges in the corporate world and companies that looked so strong and sturdy just disappear.

It’s customer delight and not shareholder delight that makes a company really outperform its competitors. Time and again, it has been proved that the company, which did not shift its focus from the customer, come what may, won in the long run .

The iPhone 5 was launched recently. It’s a phone the world had been waiting for with great anticipation. That’s because this is one company that never cared for Wall Street or the shareholders. It believed in only one rule – delighting the customer. In fact, Apple’s iconic founder Steve Jobs never left an opportunity to bring out the fact that he did not bother about shareholders, and what mattered was delighting the customer beyond expectations. His energy was focused on developing a new product and his consumers loved him for that. Apple fans world over adore the company, and do not care about the technology that it uses. So while the tech geeks might not rate the iPhone 4S very highly, the fact is that Apple sold four million iPhone 4 handsets in three days; the maxi mum a phone has ever sold in corporate history. The iPhone 5, which was launched a few days back, has been judged by many as lacking the ‘knockout gasping features’ that people have started to expect from Apple. But it will still sell 22 million units in the September quarter. In fact, after the launch, experts have revised their figures and are thinking that it will touch 27 million. According to some, the new device should sell as many as all the previous models combined. JP Morgan has even calculated that iPhone 5 could add half a percentage point to the country’s GDP growth!! Once again, you’ll see lines in front of Apple stores and share prices will start moving up.

A company that specializes in delighting its customers looks different, feels different and behaves differently. As Roger Martin, in his book “Fixing the Game”, says “To delight customers, a radically different kind of management needs to be in place, with a different role for the managers, a different way of coordinating work, a different set of values and a different way of communicating. This is not rocket science.” These organizations are not dominated by the sales force or the accountants, who only talk numbers; but by people who know how to create value. After all, it is commonsense that delighting the customer is what gets a business profits.

Business is finally for the customers and shareholder satisfaction is the consequence of correct strategies and not the strategy, silly!!    Read more....

An Initiative of IIPMMalay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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SC slams AICTE's illicit control on MBA courses
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Prof. Arindam Chaudhuri’s Session at IMA Indore
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The way to your dreams, your goals lies not just in charting a good action-plan, but also equally in decluttering your life, the way all great men have done

DON’T COMPLICATE IT

“Purity and simplicity are the two wings with which man soars above the earth and all temporary nature...” – Thomas Kempis

In today’s world, where we live in an environment of clutter, chaos and confusion, the person who is able to de-clutter and simplify his life is the one who can achieve the maximum. Most of us are doing too much – speaking too much, connecting too much (thanks to Facebook and other networking sites), multitasking too much, aiming for too many goals, filling our workday with too many commitments, and the list goes on. It’s time to hold back, think, and simplify things. It’s time to focus on the essential and de-clutter, and de-stress our life. All successful people have done it.

However, simplicity is the most difficult thing to achieve. The ones who can achieve it have been the most successful. Charlie Chaplin was one such legend. He simplified films. All his films were immaculately constructed. He understood human psychology perfectly and depicted it in the simplest manner in his films, which is why even today, they are as enjoyable to watch. Come to think of it, simplicity can be pretty complex. Only if you have a deep understanding of the problem can you think of a simple explanation or a simple solution. As Lao Tzu once said “I have just three things to teach: simplicity, patience, compassion. These three are your greatest treasures.” The one who can master these three virtues is sure to succeed.

Look at the world of advertising; even here, simplicity works the best. The commercials we remember the longest are the ones that tell a simple story. Remember the Zoozoos of Vodafone, or the little pug of the Hutch advertisements? Almost all of us remember them even though the ads have stopped being aired on TV. A great advertising guru is one who has the knack to understand the pulse of the consumer. Ask any advertising man and he will tell you that the toughest challenge is getting ‘customer insight’, i.e. trying to figure out what will motivate the consumer to buy. Most of the times, the answers are the simplest. When Rasna was launched (sometime around 1983), the ad agency Mudra used one simple headline, ‘Home Magic’, and below it put a photograph of 32 glasses filled with Rasna with a straw in each glass. A simple idea, but the housewives loved it for the visual embodied the value-for-money proposition. One pack could make 32 glasses. So successful was this simple depiction that the visual remained the brand’s identity for 23 years. A great advertisement is one, which very simply articulates what the consumer wants. This requires great skill but once you have found your message, you do not require expensive locations, celebrities or expensive sets to make your ad stand out and get noticed. The right message is remembered and people never get tired of watching the ad. Amul’s advertisements are another example of the power of simplicity. They pick up a topic that is in the news and build an ad around it. In 1967, the first hoarding of Amul went up in Mumbai and till today, people wait for Amul’s next ad. Look what a simple idea can do!     
Read More....


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

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THEY NEVER GAVE UP

She was born into a family of jhum cultivators of Manipur. She helped her parents till the fields and looked after her siblings. Brought up in such a modest background, she never imagined that she would one day win a medal for her country at the Olympics. The woman I am talking about is Mary Kom, a true winner who, without any formal training and money, has won six gold medals at World Championships. This year, she made India proud by winning a bronze for the country. While better and more popular athletes crashed out, this woman put up a tough fight and achieved victory. Her story is the story of a woman who never gave up.

Every cartoon this boy submitted was rejected by his high school yearbook staff. Later on, even Walt Disney refused to hire him. Yet, he never gave up. Finally, in 1950, his dream of becoming a professional cartoonist was fulfilled as his comic strip Peanuts was published. It soon became a big hit and Charles Schulz was soon earning $30,000 a year by 1953. The characters of his cartoon strip became virtual heroes and soon they were adorning cards, books, clothes, lunchboxes, et al. Snoopy, one of Schulz’s creations, was such a big hit that he soon became the mascot of NASA in 1969. NASA’s lunar excursion on the Apollo 11 mission was called Snoopy! Ford used the characters from the cartoon strip Peanuts to sell the Falcon. The characters of Peanuts were also used for 15 years to sell the products of Metropolitan Life Insurance Company. A man who faced a lot of rejections and misery, but all the time kept his focus on what he loved, Schulz finally showed the world that ‘quitters never win and winners never quit’.

IT TAKES COURAGE TO STAND UP

In life, things may not go as planned, but great minds have the ability to rise to the occasion and take up the challenge. As Washington Irving once said, “Little minds are tamed and subdued by misfortune, but great minds rise above them.” It’s these people who have achieved true greatness. John Milton lost his eyesight, but it did not deter him from writing Paradise Lost almost 16 years after losing his eyesight. Van Gogh sold only one painting during his lifetime, that too, to one of his sister’s friends for $50. Yet, he never gave up painting and completed 800 paintings without feeling dejected; and all the time totally believing in what he was doing. Persistence pays, and is the deciding factor between winners & losers.

The exhibitions of the ‘Impressionists’ artists were routinely rejected by the Paris Salon. They thought it was not art and refused to acknowledge it. The artists never gave up and continued their work. Today, there is hardly anyone who remembers the name ‘Paris Salon’, but anybody interested in art knows about the ‘Impressionist’ artists. In June 2008, the auction house Christie’s London sold its most expensive painting, that of Impressionist master Claude Monet, for more than 40 million pounds. Never ever in Europe had a painting been sold at an auction for such a price. The ‘Impressionist’ painters never let the judgment of Paris Salon pull them down. They never gave up on what they believed in till the world gave them their due.

He did not speak until he was four years old, and couldn’t read until he was seven. His parents thought he was ‘sub-normal’. He was expelled from school and his teachers described him as “mentally slow, unsociable and adrip forever in foolish dreams.” Those were these ‘foolish dreams’ of his that transformed the world. From opening a whole new world of ‘Quantum Physics’ to answering the question “Why is the sky blue?”, he changed the way people understood the world! Albert Einstein looked at things differently and saw what others could not see. Even the ‘God particle’ would not have been discovered had it not been for Einstein and the support he gave to our own Indian scientist Satyendra Bose.

This boy failed in sixth grade and he was defeated in every office he stood for. But he did not give up till at 62, he became the Prime Minister. His name was Winston Churchill.

These and many more such success stories have one thing in common; the people never succumbed to adversity and never lost focus. They relentlessly pursued their goals and believed in themselves even when the world gave up on them. These people had the courage to fight all odds.     Read More....

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

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Humans are the most social of all animals. We love to talk and interact with others. It is one activity we crave for and if are deprived of it, we could sometimes lose our sanity too. Well, advertisers are realizing this fact too; i.e., if they do not interact with their consumers, they could lose their market share to those who do so! The latest development in TV ads is helping advertisers do just this. Technology is being used to change ads from being a one-way communication process to two-way. It’s time that companies realized that not many are watching their ads. Think about it. Every time there is an ‘ad break’, we use it for a ‘loo-break’ or a ‘mobile checking break’ or a ‘what’s-on-in-other-channels- break’!!! This is making many big advertisers turn away from TV.

Take a test… try to remember the last few Nike commercials you saw on TV. Chances are that you will not be able to clearly remember them, for the simple reason that Nike is no more big on TV. Nike’s spending on TV and print has dropped by 40% in the last three years, though its total marketing budget has increased and is today at a record high of $2.4 billion. Nike has shifted its focus from expensive celebrity endorsements and has started making more interactive online marketing plans that encourage the user to communicate directly with the company. So those are the products like Nike+ running sensor and the Nike ‘FuelBand’ that are its key areas of focus today. The one division that has doubled its size in the company (from 100 employees to 200 in just 6 months) is Nike Digital Sport. The company spent $800 million on ‘non-traditional’ media in 2010. Rather than spending on the Super Bowl as it had traditionally always done, Nike feels that it makes better sense to focus on its online communities. It is here that most of its consumers spend their time (and not in front of the TV). It is here that it can get 200 million visits everyday, as compared to that one Super Bowl Sunday when 200 million Americans watch the game. It is here that Nike encourages millions of its users to post their workout details and in return gives them fitness tips, helps them share their workouts with friends, et al. This ‘conversation’ helps the company know more about its customers and helps it plan better marketing strategies.

Considering the fact that today, more than 5 million runners log on to Nike to check their performance, Nike has followed the right strategy. It’s not surprising that in spite of Adidas and Reebok merging and becoming one giant organization and in spite of so many new and hot upstarts in tow, Nike remains the world’s largest sports company; for the simple reason that it has stayed connected to its consumers.

As Nike CEO Mark Parker says, “Connecting today is a dialogue.” He actually implies that those days when a good product with good advertising were enough to sell the product are long gone. Today, marketing is all about interacting closely with the consumer, probably just like the old days when its founder Phil Knight started selling shoes out of his car. He convinced each customer, made him his friend and sold him his shoes. Online communities help brands make friends and customize their communications to suit each one’s need. One can say that marketing has come full circle! Glitzy ads will not work, nor will world famous celebrities. What will finally work is your ability to understand the consumer and your ability to engage in a conversation with him.

TALK TO ME: CAMPAIGNS VS. CONVERSATIONS

Everybody is waking up to the fact that passive one way communication will work no more. So Microsoft has gone ahead and made this very passive medium, i.e. the TV ad, into an interactive one. It’s introduced the NUads on its gaming console Xbox 360 Kinect. It’s the new hands-free gaming experience, which requires no controls except your hand gestures, making everybody in the family from the 6-year old to the 60-year old enjoy it. On this platform, it has launched these interactive ads.

The ads that are streamed on the Xbox are different from your regular ads, for they ask you to participate in opinion polls, and even give you the results instantly. They ask you if you want to share the ad on Twitter, and once you say ‘Yes’, it takes just a wave of your hand to post it on your account on the social networking site of your choice. An advertisement for a TV show will ask you if you want to put a reminder on your phone, so that you don’t forget to watch it. Again, a swipe of your hand will send the information of the show timing on your mobile phone and set an alarm to remind you to watch the show. This and various other interactive activities have been built into the ads so that you no more watch them passively, or worse, still walk away while the ad break is on.     Read More....

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

For More IIPM Info, Visit below mentioned IIPM articles.

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 in sync with the best of the business world.......
Arindam Chaudhuri on Internet.....
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management


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She is a heroine of a different generation and yet this month, so many celebrated her birthday as if she were still with us. She may have gone long ago; yet, she lives on, for her images just don’t seem to fade. In fact, every time an  unseen or unpublished image of hers is discovered, it makes it to the front page of almost all newspapers. The lady is Marilyn Monroe. Images are very powerful, they just live on and some even become iconic. The face of the Cuban revolutionary, Che Guevera, also being one such image. It’s not just a face. It symbolizes rebellion and freedom,  feelings that the youth just love. Put this face on any merchandise and it becomes a bestseller. The number of T-shirts  emblazoned with Che’s face that have been sold is incredible. It’s ironic that a revolutionary, who rebelled against the  capitalists, has today become the biggest bestseller of the capitalist world.   

That’s the power of these images. They  generate strong feelings. Another image that brings out strong reactions is the Swastika symbol of the Nazis. Recently,  Madonna used it during her tour in Israel. On a giant screen was shown an image of Marine Le Pen, who is the leader of  france’s National Front Party, with a Swastika on her forehead. The party was enraged and threatened to sue her.  Considering the fact that Madonna would be performing in France soon, this was a nice gimmick to get the nation talking  before she arrived! She is one of the few people who understand the power of images, of visual branding, and has used it  consistently over the years to keep her in the news and always ahead of competitors. Be it the cross of Jesus or the  Swastika of the Nazis, she knows how to use symbols to get people to notice her.

It’s also the oldest trick of brand  building.   It’s also the oldest trick of brand building. Brands have used symbols (logos) to distinguish themselves from  competitors and build a unique identity around them. Associating oneself with a unique symbol makes it easy for  consumers to remember you. So on Marilyn Monroe’s birthday, Lady Gaga tweeted a picture of hers dressed as Monroe,  and more than one lakh of her followers (all in the age group of 14-19 years) liked it. The interesting part is neither Gaga  or her fans belong to Monroe’s generation and the only reason they are her fans is because of the ‘images’ they see of  her. These stunning images are the reasons for having ensured that ‘brand Marilyn Monroe’ will never die. And images  re the reasons that will ensure that your brand lives on in the future.


PICTURES WILL RULE

The  most exciting websites in the recent months have been ones that have focused on pictures. One such website, which has created a lot of excitement, is Pinterest. If numbers are a measure of growth and potential, then according to Experian Hitwise, Pinterest is the third most popular social network in the US, just behind Facebook and Twitter. Not surprising then that it was recently valued at $1.5 billion with Rakuten Ichiba giving it a funding of $100 million. Rakuten is the largest e-commerce site in Japan and among the world’s largest by sales. Why should an e-commerce site be interested in a scrap-booking site? Because it affects sales directly. Let’s see how.    

Things have changed dramatically for  interest. In February, no brand was interested in it and then in two months, the number of brand pages increased by 24%. Pinterest links have appeared in retailers’ e-mails faster than links to Facebook, Twitter et al appeared, proving the point that retailers are benefitting from it. A study by Vancouver’s Emily Carr University has found that there is a surprisingly high correlation between ‘pinning’ an image of a product and purchasing it, with more than 1 in 5 Pinterest users buying an item they have ‘pinned’ on their Pinterest boards. Companies are finding it important to keep a watch  n who is ‘pinning’ what and where he is ‘pinning’ it. If a consumer pins a picture of your bike on his board titled ‘Bikes    m considering to buy’, it makes sense to check which other bikes is he considering and get an idea. An aggressive  marketer could even leave a comment on this consumer’s page giving him information about his brand. Similarly, there  could be many ways to mine information and use it.   

There is a shift in the way people are using the Internet. Earlier it  as largely ‘text’ driven, but today pictures and images are becoming dominant. People are using pictures to  communicate. Be it the image you upload on your Facebook profile or your BBM profile or even on your desktop, it’s become a way to communicate your feelings. No wonder that ‘smileys’ and ‘emoticons’ are used most frequently when  e text friends and family, proving the point that communication in the future will be more image heavy rather than text. Marketers need to understand this change and plan their strategies accordingly in order to reach out to the maximum  umber of consumers and make strategies that outwit their competitors. In future, marketers who can communicate with  mages will be the most wanted, for in future, it’s an attractive image that will drive people to your website more than an interesting statement. This is the reason why it has been found that Pinterest is driving more traffic to the websites of  rands as compared to Facebook or Twitter. From TV networks to magazines, interior designers to fashion designers to  ar and bike manufacturers to even writers and bloggers; everyone is out there with their best images to attract consumers. A blogger who was writing an article on which advertising campaign he thought would win at the Cannes  his year decided to use Pinterest and pin pictures and videos of the campaigns; for he found that he could attract more  people to his post this way over just an article.     Read More....

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

For More IIPM Info, Visit below mentioned IIPM articles.

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 in sync with the best of the business world.......
Arindam Chaudhuri on Internet.....
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management

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Brad Pitt has bagged a new modeling contract, and this time, it’s not for any fancy gadget or any car brand or even a men’s clothing brand, but for a ladies’ perfume – Chanel Nº 5.

As expected, this news has got everyone talking about him and the perfume brand. It’s also got the cash registers ringing for him, and if all goes well, the cash registers would also be ringing for Chanel. The biggest boost in sales that a brand gets is when people start talking about it, when there is a certain buzz, an excitement around the brand. Ask any marketing expert and he would be ready to give his right arm to find the secret of creating the ‘right buzz’ around his brand. In fact, the job of advertisements is not necessarily to sell the product, but to get people to notice it; and in the most successful cases, to start talking about it. Chanel Nº 5 surely has learnt its lessons well. Decades ago, it had achieved notorious fame, when Marilyn Monroe – on being asked what she wears to bed – had said, “Why, Chanel Nº 5 of course!” That, and now this, i.e., getting Brad Pitt as their brand ambassador, has ensured that a lot of people would be talking about the fragrance for a very long time. The brand has managed to beat the clutter and has been able to stand out and get noticed from among the thousands of perfume brands available in the marketplace.

A few years ago, Lux soap decided to do something different to celebrate its 75 years. Known for its advertising strategy of taking Bollywood beauties to endorse its brand, the company decided to stick to the same formula; except that this time, the beauty in the bath tub was not the latest Bollywood heroine, but the latest heartthrob of all the females of the country – Shah Rukh Khan! The strategy worked. People noticed it. Some liked it and some laughed at it, but everybody was talking about it. That is the aim of advertising. As long as I have got you to notice me so that you talk about me, a large part of my work as an advertising man is done.

STICK OUT, BUT NOT LIKE A SORE THUMB!

Yes, to be noticed, you need to be different, but it needs to be done intelligently. There is a thin line of difference between the acceptable and the unacceptable and one needs to tread the path carefully. A little known airlines named Kulula Airlines (a South African low cost airline) has found a way to get noticed. Last month, as the South African president Jacob Zuma prepared to get married for the fourth time, the airlines too prepared a cheeky promotional ad campaign that claimed, “Fourth wife flies free”. Kulula is not the only airlines that has found a way to get noticed. Spirit Airlines has built a unique reputation for itself in coming out with well-timed ads that poke fun at the latest headlines. When news broke out that Arnold Schwarzenegger had fathered a love child 20 years ago because of which his marriage broke, the airlines was quick to come out with an ad stating, “Fares so low, you can take the whole family... including the halfbrother you just met”. When Tiger Woods crashed his car into a fire hydrant, the airlines was quick to come out with an ‘Eye of the Tiger’ sale on its website to promote its low priced fares.

Scandals always get you attention but not necessarily the kind you would like. However, Spirit has used scandals to increase its sales, and nobody is complaining!

Amul Butter has been using the same tactics in India for years now and almost always manages to get our attention with its topical ads. Everybody loves the wit and humor that they bring. The tongue-in-cheek ads are awaited by all. They stand out, and get noticed by all.

In this mad rat-race, standing out has probably become the most important quality for success. Just being good is not enough , you need to be different. However, it’s not easy being different. If there is one person in the advertising world who showed the world the power of being different, it was Oliviero Toscani. The ads he created for the clothing giant Benetton changed the way people looked at advertising and acknowledged the tremendous impact an ad was capable of creating. He showed a white and a black child hugging each other and gave the headline, “Angel and Devil”. It shocked the world but made Benetton the most talked about fashion label. However, Toscani crossed the line with his, “We on Death Row” series of ads, which featured close ups of 26 US prisoners who had been sentenced to death. There were widespread protests from the individuals, especially from the victims of the families whose loved ones had been killed by these men. Till Toscani used provocative themes like a priest kissing a nun, miners and bakers united by the black of the soot and the white of the flour, a dying AIDS victim with his family, a group of African refugees, et al, Benetton could justify the photographs and get away with it; and in the process, also get away with all the attention of the people, as this was the one clothing company whose ads were noticed the most. But the ‘death row’ series was where it went over the top; Toscani had to resign and Benetton had to apologize. So yes, one needs to stick out, but not like a sore thumb. Shock and scandal are the easiest tools to help one stand out.      Read More....

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

For More IIPM Info, Visit below mentioned IIPM articles.

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 in sync with the best of the business world.......
Arindam Chaudhuri on Internet.....
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management

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This Sunday (April 8), a small company changed its fortunes forever. Instagram was started two years ago, but this Sunday, it became more valuable than even The New York Times. The reason being Facebook acquired it for $1 billion few days back; causing quite a flutter among industry watchers. Why did it invest so much in a company, which hardly made any profits, is a fresh start up, and to top it all, is just an ‘app developer’ and its claim to fame is a ‘photo-sharing’ application that it developed for the iPhone? Add to this the fact that it does not even have a website to call its own, for all its features are designed for the mobile phone.

Well, there is more to it than these obvious facts. Instagram may just be an application for the mobile phone, but it has been downloaded by 50 million users, and that is something worth noticing. Though still much smaller than Facebook, the power of this company lay in its idea. Instagram is about photo sharing, but so is Facebook. However, Instagram is only mobile phone-based and Facebook’s revenues through its mobile application are zilch. Mark Zuckerberg saw this as a huge opportunity to make Facebook’s presence stronger in the mobile sector. When Zuckerberg started, it was all about the web. Today, who cares about the web? It all happens on the mobile phone, and Mark knows it best. So for a company that was valued at $500 million a few weeks back, Zuckerberg did not hesitate to double his offer and as expected, the young founders of Instagram – Mike Krieger and Kevin Systrom – found it irresistible and sold it. A simple idea of sharing your sometimes grainy mobile photos and making them works of art by using an application is today worth $1 billion. That’s what a good idea can do, and that’s exactly what it did for Instagram; a 551-day-old profitless tech startup!

GOOD IDEA IS GOOD BUSINESS

Good ideas make you rich but not the reverse. As William Cameron said, “Money never starts an idea, it’s the idea that starts the money.” If you have an idea that came out of your passion for something and not for the objective of making money, it’s going to make you a lot of money, for that’s what makes legends. Not just the knack of inventing and creating new ideas but even the ability to identify the potential of new ideas is what makes businesses successful. A genius is someone who can make use of the simplest of ideas. In fact, the simpler an idea, the more profitable it is. Think about ‘Hotmail’, a simple idea of sending mails for free over the internet, which made its founder Sabeer Bhatia richer by $400 million back in 1997. PayPal, a simple idea of making payments online, made its founders richer by $1.5 billion when eBay bought it. Instagram, the most recent company creating waves, is also a simple idea. In fact, it’s not even a new idea, for Flickr does the same; just that it’s for the web while Instagram is for the mobile. Flickr also made money for its founders when it was bought by Yahoo! a few years back

A successful businessman is one who keeps an eye open for ideas with potential. When eBay acquired PayPal, it saw a potential and today, Paypal is contributing in revenues as much as eBay’s core business. Something similar is what Mark Zuckerberg saw in Instagram. Those were not the profits of the company but its potential to grow which attracted him to it; for no one understands the model of establishing an audience before generating sales better than him. When he made Facebook in his Harvard dormitory, he wanted it to become popular, to be liked by youngsters and not make money. Instagram, too, was made with the same philosophy and is loved by its users. They love it so much that they would not move to any other application easily. Love is what makes the world go round; surprisingly, even the business world, and no one knows it better than Apple. It is most loved, has a cult-like following and its consumer base is most loyal. Michael Dell once said that Apple should close down while it still had something to return to its investors. This same company today has passed Exxon-Mobil as the world’s most valuable company and has bigger financial reserves than the US government! For a company that many thought would close down soon, it’s not done too bad. Even though Steve Jobs is no more with us, but the world will not forget him for his iPad. It was a new way of looking at the dying market of tablets. Thanks to the iPad, the tablet market is the most thriving one with new consumers being added every day.     Read More....

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

For More IIPM Info, Visit below mentioned IIPM articles.

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 in sync with the best of the business world.......
Arindam Chaudhuri on Internet.....
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management

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The one quality that is most essential for success is ‘courage’. As Winston Churchill once said, “Courage is rightly esteemed the first of human qualities… because it is the quality which guarantees all others.” On the 8th of every March, we celebrate the ‘International Women’s Day’ and the one thought that comes to my mind about women leaders is – would we as women have achieved more if we were more courageous? The answer is a resounding ‘YES’! My favorite leader Sheryl Sandberg, the COO of Facebook since 2008, while speaking at the graduation ceremony of an all-girls college, asked the young girls to answer one question, “What would I do if I were not afraid?” If they answered this question honestly and did all the things they wanted to without being scared of consequences, scared of what others would think, scared to tread the untrodden path; the results would be dramatic, for they could do much more, take more responsibilities and in the process, be better leaders. The reason a lot of women aren’t seen in top leadership positions is because they are afraid… afraid of making their own rules in a “man’s world”. It is not that they are less talented, or that they have less experience and less opportunities; it’s mostly because they are not bold enough to take that extra step. If you want to change the world, if you want to stand out and make a place for yourself, then you must also have the courage to make your own rules and live by them. Women who did that not only achieved personal success but also made the world a better place.

DO NOT BE AFRAID TO DARE

“Attacking is the only secret. Dare and the world always yields; or if it beats you sometimes, dare again , and it will succumb.” --William Thackeray

Do not be afraid to do different things; things, which had never been done before by any woman; for if a whole lot of women had not dared, the world would not have been the way we see it today.

If she had not dared to enter a “man’s profession”, we would not have discovered radium. Marie Curie went on to become the first woman to win the Nobel Prize; and she said, “Nothing in life is to be feared. It is only to be understood.” If it hadn’t been for these daring women who took enormous chances and made great discoveries in spite of or rather because of the resistance they faced in the male-dominated field, a lot of mysteries would not have been solved. If research is to be believed, then according to the book The Madame Curie Complex, women scientists have often asked different questions, used different methods, come up with different explanations for phenomena in the natural world, and in doing so, have transformed forever a scientist’s role. They have also proved that the concept of ‘male professions’ is a myth. If decades ago, Madame Curie had to fight hard against the general perception of people that science was not for women, then today a whole lot of women are fighting the perception that ‘technology’ is not a field for women. Those are daring women like Sheryl Sandberg and many more who have worked hard to change this mindset and pave the way for future female leaders. It’s not surprising that this time, IBM decided to appoint Virginia Rometty as its first ever female CEO, something unheard of in technology companies. However, women like Meg Whitman (e-Bay) and Carly Fiorina (HP) have already shown that women are as capable of handling technology as men!

The world may not always have been fair to the fairer sex, but it has not deterred many from daring to live their dreams. According to an old Chinese proverb, women hold up half the sky. Do they get their ‘half’ of the pie on earth too? We still live in a world that does not do justice to women, and this fact has been highlighted in the numerous true stories compiled in a book aptly named Half the sky. The best part is that these are stories of courage, of hope. These are stories of how women across Asia and Africa turned oppression into opportunity. One story is of a Cambodian teenager sold into sex slavery who had the courage to run away and start afresh. Today, she runs a thriving retail business. Another heart breaking story is of a woman from Ethiopia who suffered devastating injuries during child birth. Not only did she fight for survival but in time, became a surgeon. Ordinary women, but with extraordinary stories. They may not have changed the world. No, not yet. But they dared to change their world; that’s what courage is all about.

It’s time each woman dared to change the rules and dared to live her dream.      Read More....

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

For More IIPM Info, Visit below mentioned IIPM articles.

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 in sync with the best of the business world.......
Arindam Chaudhuri on Internet.....
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management

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There is a new guy in the world of ‘brand ambassadors’ in advertising. He is a quirky little character named Mel, who suffers from an identity crisis, for he does not know whether he is milk or granola. To put it in short, Kraft has launched a new product ‘MilkBites’, which is actually granola bites baked in milk. It’s supposed to be for people who don’t have time for breakfast. But this MilkBite needs to be stored in a refrigerator, so it’s a ‘pre-made, refrigerated cereal’. It’s a complicated product, which required a different positioning; for here is a cereal, which has to be picked up from a refrigerator in a departmental store! So Kraft decided to use this strange positioning to its advantage and came up with the character Mel, who battles with low self-esteem and deals with identity issues (something we too battle with often!). The character Mel is turning out to be an interesting fellow as you get to know him better through various advertisements; where he tells the story of his confused life, and in the process, also tells us how he is to be consumed.

MilkBites is going to be Kraft’s biggest launch this year and it’s using an underdog to win market share. No great stars, no super achievers. We have a little confused fellow as the brand mascot of Kraft. He is a misfit who has a sad story to tell.

Why would Kraft choose such a character? Think about it. On a TV channel full of happy mascots, here is a sad character, a misfit. As a result, Mel is instantly noticed. More importantly, he is instantly sympathized with, for we all love the underdogs. This is human psychology and it remains the same, whichever part of the world you go to. Everybody sides with the underdogs. Kraft probably is placing its bet on a winning strategy. Look around you and you will find that quite surprisingly, the underdog always wins!

THE CHARM OF A FAIRY TALE

Go back to your childhood and think of all the stories you loved and chances are that most of them were around a character who no one expected to win, but he/she fought against all odds and pulled off the most unlikely of victories. Cinderella became a princess. Rapunzel was united with her parents and even found her Prince Charming after all the hardships. These are very old tales. Yet, till date, they do not fail to inspire, not just us but even Hollywood and Bollywood. Cinema is cinema because of the underdog. Be it James Braddock from the movie The Cinderella Man, an impoverished ex-prize fighter who went on to win against all odds and ultimately even take on the heavyweight champion of the world; or be it Vijay Dinanath Chauhan of Agneepath, who, in spite of all difficulties, managed to avenge the killing of his father – our hearts always reach out for the weak. Julia Robertsmade us fall in love with her as the underdog in the movie Pretty Woman, where life gave her a second chance to make things better. Be it Seabiscuit, Karate Kid, 3 Idiots, Taare Zameen Par, Guru or Koi Mil Gaya; we love to watch the small guy win. This is a story line that always works. This is a strategy that never ever fails.

Take sports, as an example. Today, there is only one player in the USA who is making waves and is being talked about today. He was a star basketball player at Harvard, but after graduation (in 2010), no one showed interest in him. He spent most of the season at the end of the bench and his career seemed to be in the doldrums. But Jeremy Shu-How Lin never let go of his dreams and stuck on.

Then something magical happened this month (February). His team New York Knicks was losing and the coach decided to bring Lin in the game against Jersey Nets. This was the ‘golden ticket’ he was waiting for and he dazzled everybody by scoring 25 points and leading his team to victory. He repeated the same magic in the next match, and the next. The man from nowhere has built a frenzy around himself. He has created a new phenomena called ‘Linsanity’. He is a hero who appeared from nowhere. His story is inspiring kids to believe in their dreams, in who they are and to keep going; even when the going is tough. It’s similar to the storyof the movie ‘Rocky’, where Sylvester Stallone made it, in spite of all the odds against him.      Read More....

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

For More IIPM Info, Visit below mentioned IIPM articles.

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 in sync with the best of the business world.......
Arindam Chaudhuri on Internet.....
Arindam Chaudhuri: We need Hazare's leadership
Professor Arindam Chaudhuri - A Man For The Society....
IIPM: Indian Institute of Planning and Management

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