9 brand shastras
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Transcript of 9 brand shastras
-BY JAGDEEP KAPOOR
Practical road map of 9 brand strategies to build winning brands
All the 9 strategies have to be used in correct sequence for effective brand building
Illustrates recent and relevant Indian examples
THE NEED SHAASTRA
Brand Category Growth Strategy
Markets don’t decline, they shift…
Identify needs of and create needs for consumersE.g. :No Marks
Five basic types of needs:Existing needs – Identify and meet
theseE.g. food like Amul butter, clothing –
Levis
Latent needs – Manifest theseE.g. Café Coffee Day
Opportunity needs – Create theseE.g. Bisleri, Bailey
Changing needs – Address theseE.g. Services provided by mobile
phones liks SMS and MMS
No needs – Ignore these
THE SEED SHAASTRA
Brand Idea Growth Strategy
The idea seed is the solution of the need…
The idea has to be seeded in the heart and mind of the target
Done by understanding consumer behavior
Seeding an idea is not a one time activity and does not take place uniformly
A continuous process
It is like propagating an idea, spreading the word as it were, of the whys and the wherefores of the brand and how it would benefit the consumers immensely
E.g. Fair and Lovely – Saavli, Titan Raga.
THE HEED SHAASTRA
Brand Awareness Growth Strategy
Make the consumer aware-Beware of the
unaware.
There are 3 steps in the Heed Shaastra
Awareness Recognition Recall
Anjaan Jaan Pehchan Gyan
THE DEED SHAASTRA
Brand Trials Growth Strategy
Generate Trials through 3 steps
Brand Mantra: “Sample to Sell Ample”Create more awareness through trials
and from trials to repeats using important tool of sampling.
This strategic tool is divided into 3 parts:
The why The try The buy
Mental sampling Why buy Why switchHow to decide what to buy????
The Fmcg sector- Anchor White toothpaste
Their …… “100 percent Vegetarian” approved by the Vegetarian Society of London
Physical samplingEg: 1.Food Products:
2. Consumer Durables
Physical samplingE.g.: 3. Automobile Sector
Financial samplingDepends: Availability Affordability
Financial samplingDepends: Customer friendly price points
THE FEED SHAASTRA
Brand Repeats Growth Strategy
To garner good word of mouth, don’t compete with others.
Compete with yourself, constantly raising standards
7 important elements
1.Product Quality-IMPECCABLE
E.g.: Tourism Sector
7 important elements
2.Service Quality- FOCUSED
E.g.: Automobile Sector- Maruti
7 important elements
3.Brand Experience- REPEATS
E.g.: Aviation Sector Hotels
7 important elements
4.Customer Satisfaction- SATISFY5.Customer Delight- SURPASSES THE
NEED6.Customer Surprise-POSITIVITY7.Good Brand Word of Mouth- CLIMAX
E.g.: Restaurants
THE SPEED SHAASTRA
Brand Sales Growth Strategy
Its is important to have sales pace ,to be a Brand
ace.
To gain speed & accelerate to ensure brand sales growth.
Focus on increasing the brand momentum so that it moves far head of the competition & gains a large lead.
THE CREED SHAASTRA
Brand Trust Growth Strategy
Lead consumers , don’t mislead them .
Faith & Self confidence – Vishwas & Aatmavishwas are the elements that constitute Brand Trust.
“ If the consumers is confused the brand is refused.” Example - Coke, Cadbury
To have a formal set of formal, documented values for the company which must not be shaken,come what may.
To make sure that the Brand practices what it preaches.
THE BREED SHAASTRA
Brand Market Share Growth Strategy
Increase market share, to rise on the share market
Be a market ruler How?
Penetration through Market segmentation
E.g. HUL deodorants
Aggressive advertising and distribution as well as smart packaging
E.g. Maggie Ketchup
Proper Brand positioningE.g. Ujala –’Char boondoh wala’, Moov etc
Prioritize market share over share
market
THE EXCEED SHAASTRA
Brand Profit Growth Strategy
The consumer must benefit and the marketer
must profit
Focus on three phase growth stages
Don’t be low price oriented Use strategies pertaining to the
situation Balance price and volume
similarly top line and bottom line
Nine shastras are some basic rules for a successful brand growth
Each rule has its implications in different dimensions of brand growth
Book directs an ideal strategic flow
GROUP 8
ROHINI NARAYAN 63SIDDHESH PAVASKAR 73PRADEEP RAGHAVAN 77VINIT SANZGIRI 87HARDIK SHAH 93RASHI SHAH 97UMIKA WAGH 120