Wednesday, September 16, 2009

Social Cause Marketing


There is a basic concept of “figure and ground” that every marketer considers while developing an ad for his brand. Social cause marketing is all about giving equal importance and visibility to both the figure (brand) and the ground (social issue) in their advertisement and communication to the consumers. The companies investing and taking the route of social cause marketing(SCM), will be able to differentiate their brands from competitors in consumers’ minds, which could increase the efficiency of their other marketing efforts, greater brand loyalty and increased market share.

Social cause marketing should be done with the prime motive of societal benefit and not for gaining public image for profits. In current time’s the point of parity between different brands in the Indian market is very high, hence there needs to be a serious thought given on the reasons for the customer to recall your brand. In this scenario the importance of “good will” associated with a brand comes in. exposure to any type of well conceived promotional initiative for a brand leads to more positive feelings about the brand in a consumer’s mind, and the consumer starts treating the social initiative as a brand’s style of marketing as an important attribute of the brand. This gives the “brand loyalty” and “top of the mind recall” to the brand. There might not be an immediate effect of this kind of an initiative on the top/bottom line of the brand but the perspective has to be a long term one, and the prime outcome is the brand loyalty that the brand receives out of this SCM initiative. Social cause marketing initiative has to be a continuous one that can result in better business and “brand equity”.

Social issues are really critical and closely associated with the lives of people; hence the company should handle it in a very delicate manner. The branding effect of the SCM initiative largely depends on factors like the coherence between the brand and the social issue, the social awareness of the public and their sensitivity to the issues and also the brand reputation of the company. The company reaps the maximum branding advantage out of the SCM initiative if there is an exact fit between the company brand and the social issue it is targeting (in some cases it could be opposite too), because then the consumers will be able to directly associate the issue with the brand image and the reputation of the brand could be enhanced (E.g. a health drink company taking up the issue of malnourishment of kids). Similarly the high social awareness and the high reputation of the brand are the ideal recipe for the success of the SCM initiative.

Another very important branding that SCM does is that gives the confidence to the employees that they are working in a right organization, it helps in retaining and engaging talented employees as everyone likes to work in a socially responsible organization.

The positive intentions of any brand if communicated in a right manner will never go un-noticed, the profits would be the side effects, but the ultimate prize would be the brand loyalty and top of the mind recall of the brand.


** Just keep the intentions clean, the money will follow***

Sunday, March 22, 2009

Indian Media goes Hysterical...

"Slum Dog-Millionaire"
The Oscars have been won as expected!! and it was a pleasure to give Hollywood a lesson or two about Indian philosophy. It was also great to see A.R Rahman, finally been awarded what he deserved for so long...(actually it was inevitable) !!!
The sad part is that all of them have been awarded the Oscars for a movie that was made clearly with one callow intention in mind-to draw up a caricature of every possible negative side prevailing in India,for the soul viewing pleasure of western India.

By no means am i trying to take away the credit from the achievers of the movie. It really is a nicely made movie, and all deserve all the accolades. But i am shocked at the shameful euphoria created by the half-educated Indian media that tagged the movie as "Indian Pride". Nothing could anything be further from the truth than this.
while a considerable no. of people say that it is just a creative and movie and should be left alone, but the fact is that it happens to be a movie made to show only the things that cud be wrong with India- much to the delight of west coz "porn and poverty" sells in west.

Yes , the movie has got the "Feel good film" of the year award but it is the most negative feel-good movie i have ever seen. I don't think the movie delves on any issue but shows poverty in most depoliticised manner. Every scene in the movie along with the characters seems to be dilettante effort to show India in an abrogating manner. Even the NGO's have vouched that they have never seen maiming of children for begging.

Despite showing poverty,i don't think there has been any effort of showing the pains of poverty. The movie has only served the purpose of giving west another opportunity to look down on India,especially when they themselves are reeling under recession an India is growing healthy!!!!
Globalisation backfired on the west and took away their jobs, so why wouldn't they enjoy watching India in such a state and heartily award it as well !!!!!!

India had an image of - "Land of elephants and snake charmers", and this image was changing very fast in the eyes of west by recent developments , to their very comfort..... Now the west says ,yes the image has indeed changed to "Slum Dog millionaires", who get this by god-damned luck rather than hard work. This is the power of of a well marketed movie and in this way it has been able to reconstruct the brand-image of India.
That is why it is not possible to leave this movie alone,just as a movie for the Indians. People have to realise its ramifications...

A person from the west who has watched this movie but has never been to India must be asking a question- " Do kids really swim in shit holes as shown in the movie??? "
**** "Land of Elephants and Snake charmers to Land of Slum Dog Millionaires"********

I think its time our media goes crazy for some meaningful and nation-enlightening movie and we delve in bringing back the pride of our nation and let our expectations for Oscars rely upon such pieces of art...!

Friday, March 20, 2009

Nations Global Standings...

75th-- favored business locations

125th- Trade freedom

118th- Corporate tax rate.

64th- Technology front.

71st- Corruption.

107th- Monetary freedom.

90th-- Red tape basis

54th- Personal freedom.

30th-- Investor Protection.

44th-- Intellectual Property rights

14th-- GDP growth.

4th-- Purchasing Power Parity.

5th-- Foreign Exchange Reserves.

3rd-- Test cricket

3rd-- One day cricket.

6th-- Men's hockey

13th-- Women hockey

104th-- Greenest countries.

128th-- Human Development Index.

113th-- Gender Equality Avhieved.

71st-- Murder rates

9th-- Most expensive cities(Mumbai)

109th-- Peace orientation

80th-- Press freedom

50th-- Global Competitiveness..

Thursday, March 19, 2009

Banks- changing approach..


During the flowery days, bankers favored a 3-6-3 format of working. This implies "borrow at 3%, lend at 6% and be at the golf course by 3 PM!" Those were however, good times when the stocks were rising, consumption was high fueled by the emerging economies by maintaining high surpluses and huge forex reserves and the economies growing at an astonishing rate.
But soon the flexibility of banks was forces into implementation. With rising inflation, interest rates rose. So the new format that emerged was 4-7-3! leading to 5-8-3, then 6-9-3, and so on and so forth.
This continued till the time was 9-12-3 (perfect combination of 3 multiples to send the global economies into a recession for a period of atleast 3 years).
Then came the default crisis!!! The economies began shrinking, liquidity of the financial institutions was questioned....Then the need to increase the money supply among public forced the government to pressurise the banks to reduce the interest rates.... Resulting in the reduced profits of the banks...


As of now the borrowing has been fixed at 9 to 10% and that is in the form of fixed deposits!!!

This phenomenon explains the apprehensions of banks in lending in current scenario. Lowering the interest rates to 8% will essentially mean only one thing for a banker, that is, 10-8-out. This means " Borrow at 10%, lend at 8% and then be fired by the bank heads for maintaining such scrupulous lending and borrowing procedures!"

*** lets hope that the economies start growing soon so that the banks regain confidence about lending and are able to contribute to the economy in a better way****

Saturday, March 14, 2009

Till date in MDI..!


MDI...
It was a memorable day when i got through into MDI... The day when my dreams of becoming a manager looked like shaping into reality....
Just think of the thing that u want the most from ur life??? just close ur eyes and imagine as if u have achieved that.... did u have goosebumps????
The sensation and relief after achieving ur goal is priceless..!!
Isnt it???
*16 JUNE--
When the journey started....the dice was set rolling.!!
One could see large no. of fresh blooming faces raring to start their quest to be a manager,aiming to prove a point to everyone around... And ready to experiance the new turn in their life !!

--> Right from the "induction days" to the days of ending 3rd term(on the verge of our internships), its been a pleasant and a memorable ride...!
I remember the splashing water coming down from the CM roof on our heads and the "placecom" and "council" lashing down on us for the misconduct....
Both thou contrasting but are a part of the MDI culture that we all are proud of..!!!!

*One thing that has really taken me in is the serenic beauty of MDI... In a fast moving commercial city like gurgaon, if someone is looking for a place which has beauty, calmness,greenery, prestige and talent--- MDI is the destination.!!
** Standing at the library door , looking towards scholars---gives a feeling of purity and freshness..!!!!
** Just letting your eye balls roll from the illumina greens to the end of the golf range,reaching our very own jhaji... it looks a like god has layed a lush green carpet for the mandevians to enjoy and savor!!!

**Allow yourself to stand at parking end of CM and have a look at the stream of honor of MDI...
In a stream u ll see names like "Change Masters","Kshitij","Lakshya","Parthenon"....these all big expressions give an inspiration to do something big in life and to make your life count and make a contribution towards society...

everyone agrees that all these things are there to be savored and remembered in life...!!

In the due course I have come accross a number of fellow mandevians,have enjoyed their company and have shared lots of good moments with them......
BUT.....
In the last 9 months , i have been lucky enough to discover some precious diamonds out of the shining stones in MDI in the form of FRIENDS....

Friends with whom i can associate myself... i can be natural... Those, who came close to my heart!!!
Friends,who started affecting my life (giving it spark and enjoyment)

Persons whom i respect and admire for whatever they are....!! persons whos care for me and the ones for whom i will push myself to the limits....

** My friends who make me realize my mistakes and help me in improving them, I love them a lot and am proud to be in a group with them...

My Pals :- {Shabbu},{San San},{I},{Adi},{Jha},{Pj} !!!!!!!!
We all hold our different identities, but we all also hold each other as each others support to form a group,to endorse unity....

I hope our group goes ahead to see many new sunrises and sunsets together......

# Days come and go... Times pass away...Moments tickle away....
But these MDI days will be there with me forever....

**** Proud to be a MANDEVIAN*****




India-Liverpool on a role.....


14 march 2009
Time for the Blues and the Reds to have a say has arrived....
*** Indian cricket team on a rampage , ripping apart the Kiwis on their home soil..
Astonished, bamboozled??????
Yes , it is true... Indian batsmen have ripped apart the kiwi bowling attack in the one-dayers with sachin scoring 160+ in one match and then our very own "viru" scoring the fastest ever century by any Indian in the next match...
The only ray for kiwis in this time is that Indian batsmen get cramped up at end of innings and have to retire...(sachin got cramped after his innings)
Hahahaha !!!!!
I hope this form of the team continues in future....

**** Liverpool (the Reds) are playing like champions...
The challenge for the "Champions league" and the "Premiere league" is on for sure...
The reds have drubbed the so called two most powerful clubs in world soccer- "Real madrid" and " Manchester United"....
Real Madrid-- 5-0 (champions league)
Manchester united- 4-1(league). that too at Old Trafford...

the importance and significance of these wins is stated by just one rare expression on Benitez's face............ "A Smile " !!!!!
Hope to see this trend continue.....

" U will never walk alone.."

Sunday, March 1, 2009

Changing managerial scenario...

Turmoil .... i think this is the write word to explain present economic situation in the world..
..isnt it??
"Lehman brothers crashing, AIG bailed out, fluctuating oil prices, Satyam business scandal..."
Are these all victims of unfavourable circumstances or an outcome of bad managerial decisions based on , may be greed or lack of ability...??
what do you think?
All this has has led to economic crisis in countries, leading to financial crunch in the corporate sector,hence going in for cost cutting..
Now days, a lot of questions are raised about the ability and the confidence to be shown in a manager...hence putting stringent pressures on existing managers and also the budding managers out of B-schools..

** The existing managers are now forced to change their mode of working in order to adapt to the current situation.
Managers of successful companies are at the forefront of job re-engineering.They are operating now with fewer employees and learning the importance of hiring the right talent to survive and thrive.
Economic uncertainty and changing job dynamics focus the spotlight directly on high efficiency and productivity. Lay- off of employees is becoming common,hence the select teams of key employees often work longer hours than ever before to accomplish the equivalent of what used to be multiple jobs. Increased expectations for results demand that managers reexamine and redefine jobs regularly.

Also the scene for the budding managers from B-schools has suffered. As the companies are in financial crunch,they are not very keen in hiring new people...
--- The TIME from B-schools choosing the companies for recruitment,and the students with multiple offers has changed to a TIME of companies choosing B-schools for hiring and students praying for companies to come for recruitment's...

May be it should not be said but the reality of the situation is that " Beggars cant be choosers"

It is often said that *being practical in life is the best policy*, but there are sometimes like present that one should hold "pragmatism" and "optimism" in equal states , coz one needs to believe that there is a bright future ahead and the times will change soon...

"Hard work always pays off , never say die till the old fat lady sings"

***Keep your spirits high in these tough times... after all nothing is permanent.. good times will return***

Saturday, February 14, 2009

Memorable Moments..

Whenever we look into the dark sky,we concentrate only on the twinkling stars and enjoy their sparkle .
The rest all looks the same , we cannot differentiate anything.
Same is the case with our LIVES too..
In the times of dusk in our lives, while being nostalgic, when we look behind into the years that have passed in the course of time, they all look the same…
The hunger for success in our day to day ventures forces us to cross our limits several times and in the process we don’t look at the other aspects of life..
Retrospectively, we always aspire to have something interesting to ponder upon and recall..
Then we realize that even we have the twinkling stars of our lifesky to concentrate on, to enjoy …
Memorable moments , the sparkles of our lives
The invaluable incidences to savor and cherish throughout our lives..
I believe that every person has a lot of memorable moments in his/her life,,
The scale can vary on individual basis,
The important thing is whether u give the right importance to that or not.
Keeping these moments close to your heart will always retain the spark of your life and be the inner support for your later life..


“ Sitting idle at the age 80, waiting for the heavy snowfall to end outside,
I need the warmth of the sparkling moments of my life,
To help me sail through the tough times,
And give me a belief that I can still add on to my treasure box….”

Saturday, February 7, 2009

The changing Era

Nothing in this world has ever remained permanent.....
The Era has end..!!!!!
There used to be a time of aussies dominance in cricket, federer dominance in Tenis,M.schumi dominance in formula 1,arsenal then chelsea dominance in EPL,Efren reyes in pool, Netherlands dominance in hockey..etc

The Times have changed... The Era has ended..!!!!

OZ's losing continuously,fedex not being able to handle the swinging returns of Rafa,chelsea conceding a double(losing at Anfield and Stamfford bridge) to Liverpool, no M schumi present.. and the list continues...

May be this is the underlying concept of competitiveness,that you cannot rely on your laurels but have to be up to the mark always...And the time when the battens changeover has to arrive one day...

I hope the competition continues..

And let the best Entity win!!!!!!

My driving force..

Right from the time i took my control,i always had a strong inclination towards playing..It helped me give a balance to my lifestyle as there was pressure of academics on one side and the expectations of parents on the other side....
sports used to refresh me as an individual, and still my urge to play has not diminished...

I childhood I used to play in my locality with my friends,breaking window glasses every alternate day while playing cricket,and getting a scolding after that(actually we all used to vanish after that within 15 sec and no one knew who broke it)...... after that i moved upon to school level,representing my school(St. Annes)...then coming on to college(PEC),proudly representing my university in cricket...and now in a B-school(MDI),playing for it gives a satisfaction that my passions in life have not ended...

i have always been engrossed by all kind of sports ,be it cricket,football,badminton,tennis etc...
Being a fan of steve waugh(cricket),liverpool(soccer),marat safin(tennis),m.schumacher(formula 1), and the list contimues... I have always had a reason to be involved in some sphere of sports and look up to someone and have my expectations..

As we move on in life,we have to manage a lot of things... our priorities change... I hope that my passion for sports always remains as fresh as the early morning dew drops on the petals of a flower...

Friday, February 6, 2009

Ubiquitous Change..

Whenever i sit down analyzing something, i prefer not to be diverted,as in this scenario when time allows to resume that process,i find that the subject is no more in its original form, environment has played its role.....!
The first ray of sunshine itself marks a change(the day has changed) and leads the way.May be the minute hand of a clock is moving circular about a point,but it is causing changes in the society,moving it forward.... !!
The planet we are living on, the society we are a part of, an individual that we are,define DYNAMISM with their ever changing characteristics.!!!!
Being a person i am (never into any kind of writings),having a blog itself is a sign of great change in me.
I sometimes wonder that as everyone is aware of this ever changing world then why is everyone craving for stabilty be it life,markets,economy,relationships?????

It is often said that "The only thing constant in this world is CHANGE", but I , putting forward my view, state that "The only thing changing in this world is TIME, and time triggers every
other dynamism".....
Daily we keep on encountering with so many changes in our surroundings,that we sometime think that -- is life a part of a changing process; or is change a part of life process???


Interacting with the environment around, i will keep on marking my impressions of the dynamical experiences so that one day someone gains from them !!!!!!