Tuesday, January 27, 2009

Myths and problems...

In 2006, when Second Life was on its upward media popularity curve, many companies jumped onto the bandwagon of establishing their ‘presence’ on Second Life. This amounted to little more than just a nice-looking static 3D space, very much resembling an extension of themes and concepts used in the companies’ existing 2D websites. The expectation was ‘if we build it… people will come’, completely ignoring the basic fact that a user needs a compelling reason to visit a virtual location just as he does to visit a company’s website. This saw many major companies like American Apparel, Wells Fargo, Armani, Dell, et al launch huge campaigns and see them fail.

It led many prominent advertising agencies to believe that virtual worlds like Second Life were not meant for marketing purposes and led to a backlash in the media. The failure, however, was not of the medium as much as of the message. Virtual worlds offer the great chance to engage your target audience in an interactive and immersive brand experience. They allow you as a marketer to create a narrative and ask your customers to participate in it. Such an experience is not possible in any other online digital medium to this extent. Instead of leveraging the huge interaction and narration capabilities of the medium most of the failed campaigns tried instead to create ‘pretty places’ and sell their products blandly using the kind of video and banner based marketing popular on the 2D web and this expectedly backfired.

Brands like Coca-Cola, L’Oreal, Orange, Pontiac and Starwood Hotels succeeded wildly in their Second Life campaigns because they chose to take an event based and community based approach to the medium. They provided an experience or utility which people demanded in virtual worlds while blending it with the brand message. Indeed Coca-Cola has launched a new campaign in Second Life for its Nestea brand by sponsoring a concert in Second Life.

To conclude, the future of Virtual marketing or V-marketing (as we might call it) is bright, but only as long as marketers realise how to use the medium and its strengths instead of blaming it on the real-life non-existence of the medium.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
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Friday, January 23, 2009

Idiocy on the idiot box

The content blackout on GECs is over, at least for now. But the after effects will remain. 4Ps B&M's Pallavi Srivastava finds out more...
For the past one year General Entertainment Channels (GECs) have been the talk of the television town for some reason or the other. And last week the blackout of fresh content on GECs, owing to the scuffle between the TV producers and the Federation of Western India Cine Employees (FWICE), has given everyone a reason to burn midnight lamps to find out the action on the teletube. Although the 10-day long standoff had been called off even as the magazine was going for print, yet after effects may remain for some time...

Sample this: GECs lost an average 35-55% GRPs during the first three days of the content blackout (aMap, for November 10-13). The advertisers, on the other hand, stood by in solidarity with broadcasters. They did not pull out their ads as per a decision taken by the Advertising Agency Association of India. “Advertisers are supportive of our stand against increasing cost of content, which in turn leads to increase in ad rates,” says Keertan Adyanthaya, EVP & GM, Star Plus. Industry insiders however feel that the strike was called off just in time or advertisers would have started pressing the panic buttons. Anita Nayyar, CEO, Havas Media, believes that had the content blackout continued, "the advertising revenues of GECs would obviously have started falling because of stagnating viewership.” Take a look: During November 10-14, Star Plus’ GRPs have fallen by 52.9% to 107.19 points as against 227.9 during November 3-7. Similarly Zee TV has seen a fall of 49.53% (see table). Nayyar adds, “The advertisers may have pulled out some ads and negotiated rates for some.” Admits Tarun Mehra, Business Head, Zee TV, “Revenues would have been affected, but I can’t say how much.”

However, for channels at this juncture, more crucial than advertisers and their potential reactions are perhaps the viewers. After all, the soaring popularity of GECs is an out-and-out eyeball game. If viewers come back, advertisers will easily follow suit. But once migrated to other channels and genres, it becomes difficult to get audiences hooked back to programmes. As Naresh Gupta, EVP, Planning, Publicis India warns, “It is a dangerous scenario for many serials. Once the viewer gets out of the habit of watching daily dose of soaps and gets used to other programmes, it can lead to a long term change in habits.” And TV viewing is all about habits! But this does not literally means that the future of GECs is in peril. As Nayyar argues, “A week or two is too short a period to break TV watching habits," but get ready to see some huge advertising – billboards, in-TV placements etc – from broadcasters to entice every last viewer back and then some more.

Things change almost on a daily basis in the GEC space and ten days of a blackout may not do much harm for now, but GECs need to watch their backs so that a similar situation does not crop up again in the near or distant future. Sources indicate that the present truce is merely a temporary deal – and the fire may flare out again and soon. Minimum demands of TV workers have been met and more discussions are to take place.

In this recent blackout period, viewers and advertisers mainly migrated to cricket (thanks to the euphoria created by Yuvraj's sixes against the Aussies), movies and music genres. Sports channels had been the biggest gainers, with 50% increase in their GRPs for the period November 10-14, followed by movies and music category, which gained 40% and 30% GRPs respectively (aMap data). Had the strike continued for long, it may have proven to be a golden opportunity for them to expand their audience base. Take 9XM and MTV, which have already been poaching eyeballs from other genres, for instance. MTV Roadies sixth season (to be kick-start on November 29th), would have robbed a lot of youth audience from various channels (maybe many of those who were hooked on to various reality shows on GECs). “During the strike, eyeballs got addicted to other genres like movies and music, which meant more variety for advertisers, who so far had to stick to GECs when it came to numbers,” offers a Delhi based media planner.

Within the GEC category, Colors has got the highest GRPs (117.51 points) during November 10-14, as it remained the only GEC airing some fresh content in the form of Big Boss. Similarly Sony’s repeat telecast of Indian Idol 4 also boosted the channels’ GRPs by 7.7%, making it the only GEC to have actually gained GRPs during this lean and mean period.

Fact is that this temporary setback as a result of the blackout could have resulted in a permanent backlash for GECs. It had all the potential to change the rules of the games, but for some last minute divine intervention that must have seen broadcasters heave a sigh of relief. Reportedly, wages for striking workers from now will be monthly deals, with a 7.5% raise, better work timings and they'll be paid overtime. For now, no one seems hurt by the melodrama... But in an industry plagued by rising input costs, the impact of a further rise in salaries of workers is certain to translate into higher costs for advertisers. Broadcasters had in any case been rooting for an increase in ad rates for some time now and the last shove may well come from this deal with TV workers unions. The good news however is that unlike the saas bahu operas that continue tirelessly for years, with this break of deadlock, the biggest crisis ever faced by the Indian TV industry has come to an end.
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs

Thursday, January 22, 2009

Lentils@40% premium, anyone?

The jury is out on the benefits of organic food. Will producers be able to lure the masses without compromising on their hefty price tags? By Savreen Gadhoke
“I was on a diet for the last two weeks, and all I’ve lost is 14 days,” read the slogan on the T-shirt of a 20-something over-weight girl, whom I saw rummaging through the organic foods shelves in a departmental store. Unable to control myself, I decided to eavesdrop on her conversation with her friend: “I’ve heard organic foods help lose weight. Which brand should I buy?” even as she compared rates of different packs. I went back and did my own little research on how far the craze had travelled in India. To my surprise, the segment had really found its ground amidst consumers with names like Fabindia and Khadi Gram, investing heavily in organic foods. But however fast-growing the demand in India may be, the real moolah for organic food is found in global markets, which according to a RNCOS report is pegged to touch $70 billion by 2010. B.L. Dalmiya, Director, Centre of Organic Farming reveals, “Internationally, the demand for organic foods is rapidly growing because of increased consumer awareness.” In response, India has increased its production of organic foods and exports to a whopping 45% of the estimated Rs.560 crore organic food market in the country.

According to National Centre for Organic Farming, the area under organic cultivation is likely to quadruple in the next couple of years and cover two million hectares of land by 2012, as compared to the present area of 5,28,000 hectares. In fact, various state governments have also announced incentives and tax benefits to farmers who opt for organic agriculture. But R&D is one area where organic foods manufacturers are facing problems. Grins Dalmiya, “To keep pace with the global demands, we have to regularly invest in R&D, which is a big problem for small farmers,” adding that it eventually adds to higher costs. Within the country, organic foods enjoy a relatively niche demand and so far mass appeal has evaded. The reason, according to a January 2008 Assocham survey, is largely to do with premium pricing. The price differential between organic and non-organic products ranges from 35-40%, which finds little takers among even the educated and health conscious urban lot. Over 1,000 lead retailers selling non-organic and organic products participated in the survey.

Despite that however, the fast-multiplying growth of the industry cannot be entirely attributed to the increase in global demand. The Indian consumer too is getting savvier, fed by Internet information overload and satellite connectivity. Like their NYC counterparts, uber crowds in Gurgaon and Bengaluru alike, are getting hooked to the supposedly healthier organic alternatives. When asked, a local organic foods retailer in south Delhi explained that while there weren’t too many regular buyers for this category because of its higher price tag; amidst the swish set (premium segment consumers), these products were really sought after. Organised retail has in fact spawned dozens of private labels in the category, led by retailer Kishore Biyani’s Food Bazaar. As for the 20-something girl I saw in the departmental store the other day, I hope she has found her choice of brand in organic food and is working toward losing more days... oops, kilos!
For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs

Wednesday, January 21, 2009

Raining dollars

Infosys Technologies has bagged a five year multi- million dollar global sourcing deal from the London based AstraZeneca, one of the world's leading pharmaceutical companies with sales of $29.55 billion. Accordingly, its international operations such as manufacturing, supply chain, finance, human resources et al would now be supported by Infosys’s end-to-end application maintenance services. Infosys will provide the aforesaid services through a global shared-services model being offered through a fixed price package for outcome-based deliverables.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs

Tuesday, January 20, 2009

Thinning sales!

No one is being spared from the heat of the global slowdown; Electrolux is no different. It is planning to cut the sunday indianaround 3,000 jobs in Q4' of 08-09 from its offices all across the world. The major reason behind this move has been attributed to the falling sales volumes and product mix in the fourth quarter because of the surge in demand in the European and North American markets. The initiative is also in league with the company's plan of restructuring happening since last year. Needless saying, what else to expect from the company whose strategies are a failure.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs

Monday, January 19, 2009

For Better or Verse


Celebrated poet, lyricist and secularist, Nida Fazli reflects on the state of Urdu poetry and its influence in the Subcontinent today. In conversation with Danish Reyaz…

What is the future of Urdu poetry and how can it reach a larger audience in India like it once did?
Urdu poetry belongs to Urdu and Urdu belongs to nationalThe Sunday Indian politics while the national politics belongs to vote banks. Unless the languages are freed of political grip, their future can not be defined. It was a big mistake of our ancestors that they connected Urdu with Muslims only. Under the two – nation theory, the same language was handed over to Muslims and its ownership was established to them. When this mistake started to take place, Mohammad Ali Jinah was running his movement for Pakistan. At that time, Qazi Nazrul Islam was one of the greatest poets in West Bengal after Rabindranath Tagore. Though he was a Muslim, he was a Bengali poet. In the same way, Basheer Waikam from Tamilnadu was a Muslim but he wrote in Tamil. What I mean to say is that language does not belong to any particular religion. It only belongs to the regions and the regions inhabit people from different religions. The two-nation theory allied the language with religion. The politicos accepted this relationship among the religion and the language and started Muslim vote bank politics. Unless the language is freed from politics, its future will remain dark.

Does Urdu poetry inspire the current generation as it once did?

Any language or poetry does not play any role to shape up or to destabilise any country. It is only cricketers, political leaders and actors who possess a value in the nation’s graph. They are the people who influence the youngsters. As the couplet says:

Cricket, Neta, Actor Har Mehfil Ki Shaan Iskoolon Mein Qaid Hai Ghalib Ka Diwan

What should jihad mean for the young Muslim?

This jihad is a business. We believe what our eyes see, but the strings are being pulled by the people behind the scenes. 20-25 year-olds are transformed into killers and sent on suicide missions and we take them to be the real culprits. We should go in search of the real killers behind the scenes. They are the ones who have ruined these young minds. It is true that today youngsters are being misguided. The lessons which are being taught in Shishu Mandirs and Madrasas are not good for the youth of our country. Unfortunately, the youngsters are being trained with guns in the name of religion and they are ending their lives in futility. So it is necessary to control it.

How has Urdu poetry responded to the evolving challenges of the Muslim society?

Poetry is in no way influencing people. The words have no meaning. Today, the leaders of India, Pakistan and Bangladesh are having their way and influencing people by their statements. The common man is silent. And if anything can give a befitting reply, it is the shoe of Baghdad. Everyone is listening to it. There is a need to import the Baghdad shoe in our country. Unless it is done, nothing can be done.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus

Top Articles on IIPM:-
'This is one of Big B's best performances'
IIPM to come up at Rajarhat
IIPM awards four Bengali novelists
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
IIPM ranked ahead of IIMs