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Brand Line
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Brands Columns - Ask Harish Bijoor Of legacy and brands Harish Bijoor
To stand the test of time, a brand needs to maintain an impeccable line of quality.
Legacy brands stand the test of time: P. Sadananda Maiya, Chairman and Managing Director, MTR Foods, at an MTR outlet in Bangalore How do you distinguish a legacy brand? How is it built? - Rohit Mangueshi, Mumbai Rohit, legacy brands need to essentially be mass brands. Brands that are accessible to the largest numbers of people. To that extent, in the pyramid of brands, legacy brands are brands that fall in the middle and lower end of the pyramid rather than the top end. Therefore, a Hugo Boss will not be a legacy brand. Instead, it is the MTR pickle and the Liv 52 from Himalaya and the Woodward’s Gripe Water that will qualify better for the status. The legacy brand is one that stands the test of time, generations of use, generations of utility, and has a rather intrinsic relationship with consumers, never mind their age. A Cadbury Dairy Milk would figure in this list as well ... on this count. To stand the test of time, a brand needs to maintain an impeccable line of quality. The brand needs to have had no major incidents of any kind that could scar its image, must be reasonably ubiquitous in its utility, must be solution-oriented and not image-oriented alone (a biscuit versus Swarovski crystals), must be a basic item and not a fad that comes and goes (like a Covo chocolate spread or the Tazo), must be wholesome in its goodness appeal, and preferably taste-driven. The marketer plays a distinct role in building a legacy brand. But the bulk of it is done by the consumer. The marketer plays his role ensuring consistency of product appeal, and a consistent ‘wellness of the consumer’ in mind forever. All strategies need to be geared to building such brands on a complete ‘Eastern format’ as I call it. The ‘Eastern format’ is the brand-building format that asks “What can I give the consumer?” forever. The Western format is contra in that it asks “What can I get back from the consumer ... and how fast!” The advertising and brand manager have a joint responsibility to ensure that consistency and reliability are used as cornerstones of both product and advertising delivery. If you were to isolate trends to watch out for in the retail market in the years ahead, what would they be? - Pankaja Desikan, Chennai Pankaja, this reply comes easily, as I have been evangelising in this quarter quite a bit. Here goes my list of ten trends to look out for in the retail market evolution head. 1. Small becomes more relevant. 2. The small retailer will organise himself into retail associations. 3. Purchase cartels will emerge in India. 4. Price under-cutting will remain the norm. 5. Retailers will incur losses to earn customer walk-ins and franchise. 6. Loyalty programmes of retail outlets will get commoditised and fail to deliver. 7. Location-loyalty will reign in grocery, fruit and vegetable retail. 8. Retailers will morph into the eyeballs business of point-of-purchase advertising. 9. Point of purchase will become the point of advertising, marketing, research ... in short, the point of everything. 10. Manufacturers’ brands will lose their sheen over a period of time. Retail brands will rule. What’s left of brand Kelvinator? Do you see anything there? I used to work for this brand in the old days. - K. R. Seshaiah, Hyderabad Seshiahgaaru, I agree. Kelvinator was a big brand once upon a time. I do believe that the brand is still alive and kicking in many a consumer mind. And surely enough, the brand is alive and kicking in many a kitchen with the ever-famous Kelvinator compressor just not willing to give up. The Kelvinator penguin is a memorable brand image. I do believe, backed by adequate media spend, the brand can be re-invoked in the mind of the discerning Indian consumer rather quick. The Kelvinator compressor has brand equity that is rock-solid. Re-inventing the brand magic is a possibility. More Stories on : Brands | Ask Harish Bijoor | Retailing
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