09 Mba Marketing


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09 Mba Marketing

  1. 1. s a management student you will be exposed to all facets of management in A the first two semesters. In the second year of your programme you would need to choose your area of specialisation from the five streams: - Marketing, Finance, Human resource, Systems and Operations. As we prepare to delve into the world of marketing, and get an insight into the nature of work one can expect when you choose a career in Marketing, let us understand the significance of this most important aspect of business. All activities consume money other than marketing and sales. Marketing can be the defined as “the art of creating and satisfying customers at a profit” To put it simply, all functions of the marketer should be aligned to meet the present and future needs of the customer. The diagram below demonstrates the controlling function of the customer and the integrative role of marketing in a typical organisation. Marketing can further be divided into four sub categories. CUSTOMER CENTRIC 4 Market Research ORGANISATION 4 Product/ brand management The World of Marketing 4 Advertising. 4 Sales & Distribution Market Research: In order to tailor new products or retool existing products one needs to know the pulse of the customer. We have to ascertain what his needs and wants are. The World of What does the user experience when he tries a new soap, tastes a new cola, sees a new Ad on television? Marketing These are questions you’d love answered as a marketer. But what does an organisation do when the users are ten million, spread across the entire country and speak 14 different languages!! Lifebouy is such a product!! In such a scenario, the Market Research specialist comes into play. He targets the right sample size, sieves and analyses data, and relevant latest information. This is the basis for important corporate decisions. Research is the key to product development and innovation. MR decides what the taste of Pepsi should be. MR translates in McDonald’s selling veg Aloo tikki burgers in India. MR tells you how many people watched the India Vs South Africa match on MAX television- (TRPs- Television Rating Points). Market research therefore forms the backbone that reinforce marketing decisions. Product/ Brand Management: Once the product is designed and fine-tuned as per research findings, the marketer decides the product design, brand name, price, packaging and the advertising proposition. The Brand manager’s job is to orchestrate such marketing functions. He is responsible for both revenues and profits the brand generates. As a product manager your challenge could be to successfully launch a new brand. Lets take the example of the fiercely competitive product category of toothpastes. “Anchor white toothpaste ” is a successful brand launch, only because of its unique positioning of 100% vegetarian”. The brand team identified the need for vegetarian toothpastes especially in the predominantly vegetarian Gujarat belt. And now the brand is selling high volumes in this region. Alternatively the challenge could be to manage an established brand. The objective then would be to keep the existing brand interesting and relevant to current users. Lets take the example of Lux. Lux is “the soap for Stars”. This has been the Lux advertising proposition for over two decades, but the “Lux star” has always the latest heroine. So Lux today is not associated with Hema Malini- but with Amisha Patel, Karishma, Rani Mukherji or Madhuri Dixit. The product itself has moved with the times and extended to a Lux- face wash, and other Lux variants. 77 Advanc'edge MBA / March 2003
  2. 2. The product/ brand manager’s job is both exciting and challenging. Advertising: The brand manager is the caretaker of the brand within the organisation. He works closely with the Advertising Agency to create, design and release an advertising campaign. e.g. to launch “Pepsi Blue”, the Pepsi Ad agency along with the Pepsi brand team would have first come up with “the big idea”- to launch a limited edition Cola, that’s blue! Blue because it’s the colour of the Indian Cricket Team. shop hoping to buy it. If it’s not available, chances are you’ll Truly a big idea, it turns the Cola market on its head - a cola buy a tube of “Fair and Lovely”. The “Fairever” marketing is supposed to be a dark, mysterious, brown not a light kerosene team has lost out, their Ad. brought the customer in, but what coloured blue…. But launching this variant strategically during sold was the competitor’s product. Worse, you as a customer the World Cup ensures that one billion Indians think of Pepsi perceive “Fairever” to be “below the mark” as it was not every time they cheer the Indian team!! available at your favourite store. Automatically Pepsi has moved out of the traditional media There are three basic channels of distribution that can be buying – of x number of spots on MAX @ Rs. x. They’ve moved used to distribute products from the company to the customer. to a branding that extends itself to anything that the Indian The choice of channel depends on factors such as - the target team touches! market for the product, the product value and need for The Ad agency actually creates the Ad, writes the copy, demonstration. the catchy punch lines, designs the TV commercial, shoots and The first type of channel is the company to customer with executes the commercial/ print Ads. no intermediaries, this is used by Direct marketing companies These are the guys who make those swanky looking Ads; like Eureka Forbes, Insurance Cos. All service segment make Aamir Khan do the Punjab da puttar! Priety Zinta drive companies directly interact with the end user. E.g. Travel, a Santro..Zip..Drive. Write lines like, “Surf excel hai na?” or Hospitality, Healthcare, Banking, Education etc. “Doondthe rah jaoge….” Automobile, television, refrigerator, (white and brown As a fresh B-school grad in an Ad agency, you could be part goods) manufacturers use the second level of distribution. of the client servicing, media or creative team. You need to These products are sold via dealers as they require understand therefore how each of these teams function? demonstration and one to one Lets assume your client - Liril needs a new TV commercial. convincing. The client servicing team is the interface between the agency Marketing is one of The third level of and the client (brand). They sit with the brand manager –Liril, the highest paid of all distribution is through understand the client’s requirement, and then go back to the professions. “Give a distributors and retailers, all agency’s Creative team with this advertising brief. The creative man a fish and he’ll eat products available at kirana team then develops creative options – ideas and copy for the for a day. Teach a man stores, departmental stores commercial. This does its rounds between the agency and to fish and he’ll eat for and provision stores are client, till all details are agreed and the Ad is executed by the a lifetime.” distributed through this creative team. channel. Typically all FMCG- Fast Now the media team steps in and works out a media plan Moving Consumer Goods are for the Ad. Campaign- which TV channel, how many ads spots, distributed like this. which TV serial to sponsor/ advertise on, all this is planned As part of the S&D team, you would need to ensure that the by the media team. Once approved by the client, the media product is available to every potential customer. You would planning team also purchases the media slots. also ensure that at the shop, your product is well displayed at Ad Agencies are exciting and glamorous, but definitely a a prominent place. The sales team is the ears and eyes of the lot of hard work.. And yes late nights too!! company. They carry market information back to the Sales & Distribution: centralised marketing cell. Once the product is produced, and appropriately packaged, Armed with a B-School degree, and information on priced, branded. It needs to reach the end user! …it needs to marketing opportunities. Do make a well thought out decision be distributed. This is the task of the sales and distribution and step into the wondrous world of marketing. team to ensure product availability. - Simi Malhotra Lets look at how vital the role of distribution is. You see an Ad on TV about a new cream called “Fairever”, and go to a 78 Advanc'edge MBA / March 2003