![]() Financial Daily from THE HINDU group of publications Thursday, Feb 17, 2005 |
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Marketing
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Brands For piece of mindspace Our Bureau
Cut to a contemporary scenario. The book dwells on how P&G today generates deep consumer insight through research, which then feeds its media plans. P&G researchers, for example, sometimes spend a whole day at people's homes in order to get deeper insights into their use of products. They have asked respondents to wear a microphone and discuss their problems and reactions as they go about their normal activities. Levi's follows shoppers around stores with a tape recorder, while Microsoft, says Dr Joachimsthaler, actually shadowed office workers to see their work patterns before developing its new Office Suite. Looking for such insights and connects with the consumer is going to become increasingly important. Points out Mr S. Ramachander, former Director, IFMR, and consultant: "The consumer has a wider choice, is more wary of con games and has a healthy post-modern scepticism about the whole process of selling." As a city-based marketing consultant points out: "Fundamentally, the brand needs to answer the WIFM (what's in it for me?) question in customers minds. So that's the hygiene factor for the customer to consider and begin a relationship with your brand." Today, connecting with the consumer has become a great priority now for a number of reasons:
Mr M.S. Banga, HLL's Chairman and now part of Unilever's apex management committee, has some powerful insights to offer on consumer attitudes and branding. As he points out in a recent article, there is an explosion of choices of products that have seemingly subtle differences between one and the other that they are often not perceptible to consumers. Mr Banga calls it the "tyranny of sameness." So how do brands break out of this vicious spiral? The answer he says, ironically enough, lies in much stronger, more powerful iconic branding. And, to build iconic brands, Mr Banga says they must engage with consumers in a 360-degree approach. It is vital that brands go beyond television to engage with consumers and touch them in unexpected and myriad ways " in ways that bring to bear the idea that the brand stands for with meaning."
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