Tuesday, May 27, 2008

FINAL PHASE:

Once the top 150 brands were in place, a structured questionnaire was formed and one-on-one interviews were carried out with 6000 respondents in 9 cities (Delhi, Jaipur, Mumbai, Kolkata, Bangalore, Hyderabad, Ahmedabad, Pune and Chennai). In order to avoid any bias, the order of the brands was changed for every city. Each of the cities was divided into 4 zones namely North, South, East and West to ensure complete coverage of the target audience. The number of respondents covered was divided based on socioeconomic classification (based on education and occupation) and the number of male and female respondents. Monthly incomes of the respondents was also taken into consideration.

In case of the respondents such as housewives & students, the monthly income of the Chief Wage Earner (CWE) of the household was taken into account. Moreover, since the CWE are mainly males hence the number of respondents for this category was high with 59% of male respondents and 41% female respondents (see gender graph) The survey took into account the Brand Equity (difference between the actual and perceived value of a brand) through the parameters of Brand Image & Perception. Brand Performance, Brand Loyalty, Brand Awareness and Brand Association (for definitions of the parameters, see glossary on page 88) were also taken as major parameters to zero in on the value of a given brand. The respondents rated every brand on each of the parameters on a scale of 1-5 (where 1 is low and 5 is high on the parameter).

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 More:-The Sunday Indian - Greatest News weekly
http://iipm-news.spaces.live.com/
http://pankajnegiz.spaces.live.com/
http://iipminternational.spaces.live.com/http://iipm-iipmschool.spaces.live.com/

Thursday, May 22, 2008

Brand value

I think if one was to look at what makes a brand valuable is simply the fact that they have a belief system, an ideology, a unique language, a world view, which is created consistently over time, and which speaks to something deep and to fundamental human needs. Here the example of Hutch comes to my mind. It is an extremely difficult brand to build because it is absolutely intangible in nature. Unlike other service industries like airlines or hospitality, where services might be intangible, but can still be manifested in many tangible forms. There are aircrafts, there are hotels and then there are people with uniforms – so in a nutshell there are many points of interaction and that too with something that is so intangible in nature. However, in the case of a telecom service, there is virtually no tangible point of interaction.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Tuesday, May 20, 2008

Small is Scintillating

... that’s what Ujjal Sinha lives by and he’s confident that Genesis will be there!
While the Coca-Colas and the Cadburys of the world flaunt the name of biggies like O&M and McCann Erickson, it is no more uncommon that some of the best creatives that tumble out of adville are made by small, independent agencies, whose names might not strike a chord instantly. But, these low-profile, small and medium sized creative hot shops are keeping the big banner advertising agencies constantly on their toes. Armed with enthusiasm and passion, Genesis Advertising is one of them. Unlike most of the biggies, which are based out of Mumbai, Genesis has its roots in the yester year’s hub of advertising, Kolkata (with profit centres in Mumbai and Delhi). Established in 1993, the agency has continuously grown at the backdrop of some phenomenal work done for its clients. Almost a decade and half old, the agency has blossomed into a full-fledged communication solution enterprise. A team of 35 dedicated young gunsis almost 24x7 active to take Genesis to the apex, coming up with ideas that cut through the clutter. At Genesis, the journey from idea to execution is a straight lined affair.

For Complete IIPM Article, Click on IIPM Article

Source : IIPM Editorial, 2008

An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative