L’ORÉAL BRANDSTORM NEWSLETTERreally get a feel of the amazing creative culture L'Oreal promotes....
Transcript of L’ORÉAL BRANDSTORM NEWSLETTERreally get a feel of the amazing creative culture L'Oreal promotes....
L’ORÉAL BRANDSTORM NEWSLETTER
Brandstorm is L’Oréal’s signature marketing business competition that, since 1992, has been giving the
opportunity to students worldwide to explore the role of a real time marketing manager, driving decisions
which are based on sound analysis and a real understanding of the market situation.
The competition provides an ideal playground for students to unleash their creativity and to apply their
concepts while planning for the implementation of ground-breaking ideas on one of L’Oréal’s international
brands and its distribution channels.
The 2015 edition of L’Oréal Brandstorm has the honor of partnering up with the Travel Retail division, which
L’Oréal considers as a 6th continent due to the size of its market, a market in which beauty is the leading
segment. Students will have to take up the challenge of analyzing opportunities and proposing breakthrough
innovations which will aid this strategic channel for the development and leading greater visibility of one of
L’Oréal’s brands.
HAPPENINGS OF THE DAY
The Production team came early in the morning to start
preparation for the big day. By the time the event started the
lecture hall had transformed into a studio. The mood was created
by lights and showcasing ads of different L’Oréal brands. It was an
eventful day and our campus was buzzing with people discussing
about the upcoming
competition. L’Oréal
created a magnificent
atmosphere which
could bring out the best in the participants to make sure
Brandstorm 2015 was a wonderful experience for everyone
attending.
Many in the audience got a chance to win goodies during the
competition which were distributed on giving correct answers to
different marketing related questions, a challenge which the
participants participated in with great enthusiasm. Post competition, the team from L’Oréal did an extensive
coverage of the winners, the participants and the judges.
JUDGE’S PROFILE
Mr. Anurag Tyagi - Business Manager, Kiehl's India: Responsible
for driving the overall development of the brand following the
specific global business model of the brand- Retail operations,
KCR/BA education and development, Mystery Shopping, Distribution
expansion, PR, Digital, CRM, Merchandising & Retail excitement.
Responsible for growing the brand at least 3 times the market with a
strong focus on Like-For-Like growth and for achieving a leadership
position within the luxury division at L’Oréal India in a short span of 3
years.
Mr. Robert Khongwir – Head, Talent Acquisition: Leads, manages
and reviews the overall Resource Planning and Acquisition for
L'Oreal India; establishes recruiting strategy by analyzing job
descriptions and sourcing talent with a strong focus on digital
mediums; leads the campus hiring and provides strategic direction
to management on campus relations and The Management Trainee
Program.
Ms. Ojaswini Mishra, Campus Manager: Entry Level Talent
Acquisition, Integration and Talent Management & Employer
Branding. She has been helping L'Oreal scout the best talent from
top Business Schools in India, managing integration of campus
recruits into L'Oreal’s diverse divisions and driving its Employer
branding initiatives
WHAT THEY BROUGHT TO THE TABLE
THE WIZARDS: SCMHRD, PUNE
The Wizards envisioned the airports of future and
suggested a virtual wall which would allow customers
to try the different products on an image of their actual
face.
They recommended specialized packing customized
according to geographical location and a beauty
consultant at every Lancôme travel retail store.
consultant at the airports along with a mobile app
LUMOS: SJMSOM, IIT BOMBAY
Team Lumos kicked off with enacting a scene where
a participant had visited the Lancôme travel retail
store and what she felt was distinctive there. The
team demonstrated the working of the proposed
travel retail app which would be available in
multiple languages.
Along with the customized catalogue according to
travel destination. They recommended “One World
One Lancôme”, a social initiative to build schools
across the world.
CORPORATE HONCHOS: JBIMS The Corporate Honchos defined a “Trinity model” that
could be implemented with partnership between duty
free shops, airports and Brands to highlight the
importance of specificities of Travel retail of different
countries.
They proposed an integrated campaign which would
encompass different platforms including online, mobile
and travel retail stores in one and give the customer an
satisfying experience
WINNERS BY CHOICE: IIM INDORE
Team Winners By Choice put up an engrossing show
with everything in the mix: drama and visual
elements and it kept everyone engaged throughout.
The team enacted a few scenes to bring out some of
the characteristics of travel retail sector and what
differentiates Lancôme from its competitors sector.
They proposed a universalization & hybridisation
strategy based on their research.
BRANDED FOR LIFE: IIM AHMEDABAD
The team started their presentation with a riveting
short video that emphasized on connectivity in the
modern age.
They proposed that Lancôme should cover all
consumer touch-points by introducing gift coupons,
exclusive men’s range of products and special edition
of products to be sold at airports.
FYI: MICA, AHMEDABAD
Team FYI started by detailing Travel Retail’s evolution over the years and history of Lancôme and its relationship with the customers since1950’s. The team stressed on utilization of the social media trends and the CDI/BDI of different countries.
They delivered the concept of 5 buckets of travelers. and explored the prospects of travel retail with Rio Olympics 2016 in Brazil.
STORMRIDERS: SIBM, PUNE
The team started by defining the global shopper of today and their expectations which can be fulfilled with the help of “Internet of Things” paradigm Airports and Brands come together was highlighted
The team envisioned a unique travel retail experience like in store experience with the use of gadgets that would enable virtual make-up, and holograms. They proposed a tailor-made retail experience for every customer through a palette of connected devices.
VICTORIOUS SECRET: NITIE, MUMBAI
The team started by enacting in-flight attendants and
predict ted the future of travel retail to be dominated
by dynamic shops and hi-tech products.
They gave the “5 Es” of travel retail: experience,
engagement, execution, ease and emergency. They
proposed that giving special attention to first time
customers and installing multiple kiosks between
check-in point and boarding gate will help increase
Lancôme’s brand awareness and sales.
CAYENNE: NMIMS, MUMBAI
The team enacted the roles of three different types of
customers: the gifter, the globe trotter & the shopper,
along with visual elements that engaged the
audience from the start.
They recommended utilizing all the touch points at
the airport according to the stress level that a typical
passenger has at the time. They proposed Joli, an app
for global shoppers and a magical Lancôme Walkway
and a Lancôme Forever campaign for the loyal, aged
Lancôme consumers.
SANDWICH: SPJIMR, MUMBAI
Classified people into following target segment –
inspirational seekers, self-indulgers, promotion
swayed, high spenders and gift buyers and defined
the global shopper as successful & sophisticated.
A proposed inspiring a new ‘French revolution’ which
would be delivered to the consumer as an end – to –
end experience that starts before they reach the
airport.
JUDGES’ OPINION
Before the competition began, the judges were
requested to come up to the podium and encourage
the participants. They expressed their satisfaction
with the preparation of the event with SJMSOM, IIT
Bombay as the hosts & thanked us for being such a
good host.
Mr. Anurag then spoke about what they were
looking for in this competition i.e. a more formidable
team. They spoke about the opportunities ahead and
that the national winners will get to compete with 40
teams from across the globe.
Ms. Ojaswini elaborated on how they use Brandstorm as a platform to scout young talent for their
Management Trainee program & their excitement about the fact that some of the participants may join L’Oréal
as management trainees.
During the course of the presentations, they asked some really challenging, deep questions to the participants
that gave the participants an opportunity to think from
the seat of the brand manager of Lancôme. They
gauged every aspect of the recommendations given by
participants.
At the end when all the presentations were over, the
judges mentioned that they appreciated the immense
effort that all the participants had put in. They spoke
about how the given case was unique and interesting
and that they got some really intriguing
recommendations from each team.
WINNING TEAMS SHARE THEIR THOUGHTS…
NMIMS, MUMBAI Q. Now that you are the L’Oréal Brandstorm winners, how do you feel?
It feels amazing. Lot of work has gone in to the preparation for this event. We have really worked hard and are extremely happy with the results
Q. How was your overall experience with L’Oréal Brand-storm?
It’s been a great journey so far. From the beginning of being the college winners to going up to national level now, we have come a long way. It was neither easy here nor at the college level, we had tough competition at the intra –college level as well.
Q, How did you go about preparing for Brandstorm? Since all of us are in marketing, we always had an inclination towards it and the case study provided by L’Oréal needed us to use the concepts studied in marketing course. We literary had to brainstorm a lot about the brands and ways to promote “Travel Retail” which in itself was a learning experience.
Q. Would you like to add something, about the event co-ordination?
The event was wonderfully organized. SJMSOM did a great job at hosting the Brandstorm 2015. We were
taken care from the start of the event till the end. The volunteers did a great job and kudos to the Marketing
team.
SJMSOM, IIT BOMBAY
Q. Now that you are the L’Oréal Brandstorm
winners, How do you feel?
It feels amazing. There were plenty of amazing
colleges participating here and Brandstorm is one of
the biggest competitions in the world so winning in
the west zone is definitely an honour. Having said
that we are not going to sit back after this, we are
going to focus on the nationals and with a bit of
luck hopefully go all the way at the finals in Paris.
Q. How was your overall experience with L’Oréal
Brandstorm?
Amazing. Not sure what else to say. It's so completely different from any other corporate competition. You
really get a feel of the amazing creative culture L'Oreal promotes. Even though I have been in the auditorium
many times before, when I entered today I really got a feel of the scale of the competition. It was pretty epic.
Q, How did you go about preparing for Brandstorm?
I think it’s really important to start by digging through piles of data to analyze the key areas where a luxury
brand like Lancôme could improve. Travel retail is really growing and evolving as a market so we needed to
really think carefully about how all our strategies would come together. Finally when it came to strategizing, it
was all about being creative and classy, two characteristics which Lancôme ad L'Oreal as a whole really
embody.
Q. Would you like to add something, about the event co-
ordination?
I thought everyone at SJMSOM did an amazing job. There
were no technical difficulties and the hosts really ensured
that all the contestants were looked after. Special thanks
to Marktrix and the Corporate Relations team. Pulling off
an event of this scale without a single glitch showed how
well organized everyone at SJMSOM was and how well
they coordinated with the wonderful people from L'Oreal.
Source: L’Oréal Careers Facebook Page