SlideShare a Scribd company logo
1 of 26
Presentation based on Chapter 10
“THREE GENERATIONS,
ONE BIG MARKET”
of the book -
CONSUMER INDIA
Inside the Indian Mind and Wallet
by DHEERAJ SINHA
THREE GENERATIONS,
ONE BIG MARKET
Presented by
Anjali Asthana
Rachana Naik
Homogeneity & Hyper segmentation
 Most critical characteristic of India that every marketer
must examine carefully and truly understand.
 India is attractive, its vastness and diversity offered no
easy entry points.
 Several segmentation approaches have been propounded,
and many studies have been conducted by marketers,
researchers and advertising agencies
 But rather than solving the problems of complexity , end
up adding to it.
 Researchers have segmented India based a certain pattern
in their reported behavior – Hypersegment
Mainstream Myopia
 Every brand and business in the country is asking itself “
Are we positioned appropriately for young India ? ”
 Those who realize quickly gear up for a brand makeover –
State Bank of India, Bank of Baroda and Canara Bank.
 Indian Readership Survey 2010 – 168 million people in
the age bracket of 45 and older ( ignoring a market at
higher end )
 500 million Indians under the age group of 25 are also
ignored.
 Most marketers are suffering from mainstream myopia
focusing on age group 25-44
 Need a new set of segmentation.
A new basis for Segmenting India
 Epochal events changed the mindset of a nation.
 Two epochal events - political independence in 1940s
- economic liberalization of India
 Political independence bought hopes of bright future,
employment, prosperity but partition bought destabilization.
 Later with the help of South Asian Association for Regional
Cooperation became increasingly skeptical about future
 Isolation eventually overcome by the economic liberalization.
 Political independence, partition of India and economic
liberalization shaped the mindsets of people of those times,
A Mélange of Three Mindset
The Partition Generation
 Example of Manoj Kumar a Veteran Bollywood actor.
Four key principles –
Held Back But Not Holding Back
 Carries baggage, struggle with scarcity, pain of separation
from well established life, and failure of independence
deam have scared them.
 “ We had no goals, we just studies and passed
examinations in hope that we get a job, stand on our feet,
and feed our family” – inherent suspicion on system and
own fate.
 Kesari Tours runs a special tour for elders “ Second
Innings”
 LIC Care Homes
 Value system with which they have grown up holds them
back but avenues around them pulls them forward.
Desire for Performance
 Partition Generation plays for keeps, whether it’s
relationship, investments, furniture, cars or moral values.
 “We do it exactly the same way that we use to do it”
 N.R. Narayan Murthy, spoke at Wharton’s MBA
commencement 2001, he exhorted the new generation to
be trustworthy, create a support system in their families,
live with dignity, and strive to make a difference to their
society .
 UTI fiasco – UTI is an asset management company with
public ownership.
A High Regard for Functionality
 The partition generation clearly prefers substance over
style.
 They consume categories rather than brands.
 They will go for Kakaji Namkeen which provide value
substitutes rather than expensive looking Lay’s.
 They are driven more by functional value rather than
emotional value.
Community as a key support
 When asked what is the key value that they lived by, they
said “creating respect” for themselves in the society.
 Social status or showing off is a way of life for the
partition generation.
 Udupi restaurants serves cheap yet delicious food. This
restaurant is born out of a community need.
 For partition generation community has been the ultimate
recourse for all kind of recommendations or connections.
Transition Generation
Heading to tomorrow, bringing yesterday along
 Remakes and remixes
 Devdas 3rd time 2002
 This generation has seen a new world of opportunities open
up
Four key principles-
Letting go
 The biggest difference between partition generation and
transition generation is the ability to LET GO.
 Example the dance shows of Indian housewives, parties,
flexible relationship of boss – subordinate , father- son
interaction.
 This is the most targeted age range for brands for
product and services.
Chasing tomorrow
 The transition generation is being seduced by the
possibilities of what they can do and they can become.
 Today they are being chased and courted by marketers,
 According to a consumer” no doubt life is becoming
better, but so have the demands and we are always running
short of resources to meet all of them”
RECONCILING THE DILEMMA
OF CHANGE
 The transition generation want to nourish the practices of
yesterday with the resources of today
 They don’t want to leave behind the past in order to move
ahead, they want to celebrate their traditions and festivals
on larger scale
 The market for repackage tradition is booming in India,
Eg: Dabur took a fresh look and positioned
Chyawanprash,An ayurvedic health supplement.
 Transition generation just give a modern glossy twists in
form of soap, shampoo or other services
Credit /Debit Living
 The behaviour of the transition generation is thus
compensatory in nature- compensating for the debits in
life with credit.
 You can use credit /debit to sell anything to the transition
generation: heart friendly cooking oil, soap and shampoos
with noside effects, holiday package, credit cardsand
loans.
The No String Generation-
Life Unbound
 No string generation believe in being honest, but only to
themselves.
 Members of No String Generation want to take life EASY.
 Their take on life is certainly more transactional and self-
centered than the preceding generations.
Four key principles-
Thriving the discontinuity
 The No string Generation believe “you can not have the
same food everyday.”
 They are always on the move in the respect of
relationship, job, career etc.
 They focus on “ I , ME AND MYSELF” where the
partition and transition Generation rarely managed to do.
Elbow Room
 No String Generation is seeking to retrieve their space.
 They know to manipulate, negotiate and managing the
system very easily.
Unchecked Optimism
 “The sky is the limit “ is not merely a proverb for this
generation.
 They help this generation by the products and services
which help them to cover the distance between their
dreams and making them a reality.
Bad Is The New Good
 The No String Generation has more transactional and
practical view of the world.
 They believe “ we don’t want to be serious about the
relationships, as this is our time to focus on our carrers”
 “Honesty and hard work by themselvesare not good
enough in today’s world, you need to be smart and
diplomatic toget your work done”.
Market target
 Few companies specially FMCG take care of all the three
generation .
Thank you

More Related Content

What's hot

Women Entrepreneurship in India
Women Entrepreneurship in IndiaWomen Entrepreneurship in India
Women Entrepreneurship in IndiaAnubha Rastogi
 
Women entrepreneurship in india
Women entrepreneurship in indiaWomen entrepreneurship in india
Women entrepreneurship in indiaASIF KHAN
 
Opportunities and Challenges for Women Entrepreneurs in E-commerce
Opportunities and Challenges for Women Entrepreneurs in E-commerceOpportunities and Challenges for Women Entrepreneurs in E-commerce
Opportunities and Challenges for Women Entrepreneurs in E-commerceNeeti Naag
 
Social enterpreneurship ppt
Social enterpreneurship pptSocial enterpreneurship ppt
Social enterpreneurship pptDaxesh Kanani
 
Stories of women entrepreneurs
Stories of women entrepreneursStories of women entrepreneurs
Stories of women entrepreneurssuresh kumar
 
social Entrepreneurship
social Entrepreneurship social Entrepreneurship
social Entrepreneurship Sunny Gandhi
 
Beyond The Hype Of Entrepreneurship In India
Beyond The Hype Of Entrepreneurship In IndiaBeyond The Hype Of Entrepreneurship In India
Beyond The Hype Of Entrepreneurship In IndiaPVKumar12
 
CSR & Cause Market Study of India-2015
CSR & Cause Market Study of India-2015CSR & Cause Market Study of India-2015
CSR & Cause Market Study of India-2015Onkar K. Khullar
 
Women Entrepreneurship India
 Women Entrepreneurship India  Women Entrepreneurship India
Women Entrepreneurship India Meet Shah
 
PROBLEMS OF WOMEN ENTREPRENEURS
PROBLEMS OF WOMEN ENTREPRENEURSPROBLEMS OF WOMEN ENTREPRENEURS
PROBLEMS OF WOMEN ENTREPRENEURSPOLIKAIYOOR REKA
 
Women enterpreneurship in india
Women enterpreneurship in indiaWomen enterpreneurship in india
Women enterpreneurship in indiahiteshkrohra
 
The role of women entrepreneurship in economic growth and problems and prospects
The role of women entrepreneurship in economic growth and problems and prospectsThe role of women entrepreneurship in economic growth and problems and prospects
The role of women entrepreneurship in economic growth and problems and prospectsRANI REENA
 
Women entrepreneurship new horizon for bangladesh 1
Women entrepreneurship  new horizon for bangladesh 1Women entrepreneurship  new horizon for bangladesh 1
Women entrepreneurship new horizon for bangladesh 1Nazmul Alam
 

What's hot (20)

Entrepreneurseship learnings
Entrepreneurseship learningsEntrepreneurseship learnings
Entrepreneurseship learnings
 
Women Entrepreneurship in India
Women Entrepreneurship in IndiaWomen Entrepreneurship in India
Women Entrepreneurship in India
 
Women Entrepreneurship
Women EntrepreneurshipWomen Entrepreneurship
Women Entrepreneurship
 
Women entrepreneurship in india
Women entrepreneurship in indiaWomen entrepreneurship in india
Women entrepreneurship in india
 
Wtp ppt
Wtp pptWtp ppt
Wtp ppt
 
AY_BW Profile
AY_BW ProfileAY_BW Profile
AY_BW Profile
 
Opportunities and Challenges for Women Entrepreneurs in E-commerce
Opportunities and Challenges for Women Entrepreneurs in E-commerceOpportunities and Challenges for Women Entrepreneurs in E-commerce
Opportunities and Challenges for Women Entrepreneurs in E-commerce
 
Social enterpreneurship ppt
Social enterpreneurship pptSocial enterpreneurship ppt
Social enterpreneurship ppt
 
Stories of women entrepreneurs
Stories of women entrepreneursStories of women entrepreneurs
Stories of women entrepreneurs
 
social Entrepreneurship
social Entrepreneurship social Entrepreneurship
social Entrepreneurship
 
magazine web
magazine webmagazine web
magazine web
 
Beyond The Hype Of Entrepreneurship In India
Beyond The Hype Of Entrepreneurship In IndiaBeyond The Hype Of Entrepreneurship In India
Beyond The Hype Of Entrepreneurship In India
 
CSR & Cause Market Study of India-2015
CSR & Cause Market Study of India-2015CSR & Cause Market Study of India-2015
CSR & Cause Market Study of India-2015
 
Women Entrepreneurship India
 Women Entrepreneurship India  Women Entrepreneurship India
Women Entrepreneurship India
 
PROBLEMS OF WOMEN ENTREPRENEURS
PROBLEMS OF WOMEN ENTREPRENEURSPROBLEMS OF WOMEN ENTREPRENEURS
PROBLEMS OF WOMEN ENTREPRENEURS
 
Womenentrepreneurship 120201065414-phpapp02
Womenentrepreneurship 120201065414-phpapp02Womenentrepreneurship 120201065414-phpapp02
Womenentrepreneurship 120201065414-phpapp02
 
Women enterpreneurship in india
Women enterpreneurship in indiaWomen enterpreneurship in india
Women enterpreneurship in india
 
The role of women entrepreneurship in economic growth and problems and prospects
The role of women entrepreneurship in economic growth and problems and prospectsThe role of women entrepreneurship in economic growth and problems and prospects
The role of women entrepreneurship in economic growth and problems and prospects
 
Women entreprenuer
Women entreprenuerWomen entreprenuer
Women entreprenuer
 
Women entrepreneurship new horizon for bangladesh 1
Women entrepreneurship  new horizon for bangladesh 1Women entrepreneurship  new horizon for bangladesh 1
Women entrepreneurship new horizon for bangladesh 1
 

Similar to Three generation one big market

Youth marketing final
Youth marketing finalYouth marketing final
Youth marketing finalumesh yadav
 
MTV Age of Sinnocence - a special report
MTV Age of Sinnocence - a special reportMTV Age of Sinnocence - a special report
MTV Age of Sinnocence - a special reportMTV Insights Studio
 
Marketing Defense Paper
Marketing Defense PaperMarketing Defense Paper
Marketing Defense PaperChelsea Combe
 
Women's Empowerment Principles: Why Business Should Care?
Women's Empowerment Principles: Why Business Should Care?Women's Empowerment Principles: Why Business Should Care?
Women's Empowerment Principles: Why Business Should Care?Dr Lendy Spires
 
WOMEN’S EMPOWERMENT PRINCIPLES
WOMEN’S EMPOWERMENT PRINCIPLES WOMEN’S EMPOWERMENT PRINCIPLES
WOMEN’S EMPOWERMENT PRINCIPLES GlobalCompact
 
Role of micro credit in poverty alleviation
Role of micro credit in poverty alleviationRole of micro credit in poverty alleviation
Role of micro credit in poverty alleviationAmtara
 
Emancipation Book
Emancipation BookEmancipation Book
Emancipation BookM Jackson
 
Revised Final Faces Proposal
Revised Final Faces ProposalRevised Final Faces Proposal
Revised Final Faces ProposalAkshatha Hegde
 
The Millennial Consumer (Boston Consulting Group) - AB12
The Millennial Consumer (Boston Consulting Group) - AB12The Millennial Consumer (Boston Consulting Group) - AB12
The Millennial Consumer (Boston Consulting Group) - AB12Inspiring Benefits
 
Revolutionary empowerment Monash University presentation
Revolutionary empowerment Monash University presentationRevolutionary empowerment Monash University presentation
Revolutionary empowerment Monash University presentationMurray Hunter
 
MONEY'S TOO TIGHT TO MENTION - whitepaper by Fitzroy.pdf
MONEY'S TOO TIGHT TO MENTION - whitepaper by Fitzroy.pdfMONEY'S TOO TIGHT TO MENTION - whitepaper by Fitzroy.pdf
MONEY'S TOO TIGHT TO MENTION - whitepaper by Fitzroy.pdfFitzroy BV
 
Understanding Generational Types
Understanding Generational TypesUnderstanding Generational Types
Understanding Generational TypesBertrandPetyt
 
Chivas Regal: why purpose matters & bringing to life the consumer brand
Chivas Regal: why purpose matters & bringing to life the consumer brandChivas Regal: why purpose matters & bringing to life the consumer brand
Chivas Regal: why purpose matters & bringing to life the consumer brandHavas People
 

Similar to Three generation one big market (20)

Indian Trends (2012)
Indian  Trends (2012)Indian  Trends (2012)
Indian Trends (2012)
 
Youth marketing final
Youth marketing finalYouth marketing final
Youth marketing final
 
MTV Age of Sinnocence - a special report
MTV Age of Sinnocence - a special reportMTV Age of Sinnocence - a special report
MTV Age of Sinnocence - a special report
 
Tjy
TjyTjy
Tjy
 
Tjy
TjyTjy
Tjy
 
Marketing Defense Paper
Marketing Defense PaperMarketing Defense Paper
Marketing Defense Paper
 
People Creds
People CredsPeople Creds
People Creds
 
Marketing Trends In Social Entrepreneurship
Marketing Trends In Social EntrepreneurshipMarketing Trends In Social Entrepreneurship
Marketing Trends In Social Entrepreneurship
 
The mind seed profile PP
The mind seed profile PPThe mind seed profile PP
The mind seed profile PP
 
Women's Empowerment Principles: Why Business Should Care?
Women's Empowerment Principles: Why Business Should Care?Women's Empowerment Principles: Why Business Should Care?
Women's Empowerment Principles: Why Business Should Care?
 
WOMEN’S EMPOWERMENT PRINCIPLES
WOMEN’S EMPOWERMENT PRINCIPLES WOMEN’S EMPOWERMENT PRINCIPLES
WOMEN’S EMPOWERMENT PRINCIPLES
 
Role of micro credit in poverty alleviation
Role of micro credit in poverty alleviationRole of micro credit in poverty alleviation
Role of micro credit in poverty alleviation
 
Emancipation Book
Emancipation BookEmancipation Book
Emancipation Book
 
Revised Final Faces Proposal
Revised Final Faces ProposalRevised Final Faces Proposal
Revised Final Faces Proposal
 
AARP Final Boook
AARP Final BoookAARP Final Boook
AARP Final Boook
 
The Millennial Consumer (Boston Consulting Group) - AB12
The Millennial Consumer (Boston Consulting Group) - AB12The Millennial Consumer (Boston Consulting Group) - AB12
The Millennial Consumer (Boston Consulting Group) - AB12
 
Revolutionary empowerment Monash University presentation
Revolutionary empowerment Monash University presentationRevolutionary empowerment Monash University presentation
Revolutionary empowerment Monash University presentation
 
MONEY'S TOO TIGHT TO MENTION - whitepaper by Fitzroy.pdf
MONEY'S TOO TIGHT TO MENTION - whitepaper by Fitzroy.pdfMONEY'S TOO TIGHT TO MENTION - whitepaper by Fitzroy.pdf
MONEY'S TOO TIGHT TO MENTION - whitepaper by Fitzroy.pdf
 
Understanding Generational Types
Understanding Generational TypesUnderstanding Generational Types
Understanding Generational Types
 
Chivas Regal: why purpose matters & bringing to life the consumer brand
Chivas Regal: why purpose matters & bringing to life the consumer brandChivas Regal: why purpose matters & bringing to life the consumer brand
Chivas Regal: why purpose matters & bringing to life the consumer brand
 

Recently uploaded

Social Media Marketing PPT-Includes Paid media
Social Media Marketing PPT-Includes Paid mediaSocial Media Marketing PPT-Includes Paid media
Social Media Marketing PPT-Includes Paid mediaadityabelde2
 
Google 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best StrategiesGoogle 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best StrategiesSearch Engine Journal
 
Aryabhata I, II of mathematics of both.pptx
Aryabhata I, II of mathematics of both.pptxAryabhata I, II of mathematics of both.pptx
Aryabhata I, II of mathematics of both.pptxtegevi9289
 
The+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfThe+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfSocial Samosa
 
BDSM⚡Call Girls in Sector 150 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 150 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 150 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 150 Noida Escorts >༒8448380779 Escort ServiceDelhi Call girls
 
Major SEO Trends in 2024 - Banyanbrain Digital
Major SEO Trends in 2024 - Banyanbrain DigitalMajor SEO Trends in 2024 - Banyanbrain Digital
Major SEO Trends in 2024 - Banyanbrain DigitalBanyanbrain
 
Defining Marketing for the 21st Century,kotler
Defining Marketing for the 21st Century,kotlerDefining Marketing for the 21st Century,kotler
Defining Marketing for the 21st Century,kotlerAmirNasiruog
 
Kraft Mac and Cheese campaign presentation
Kraft Mac and Cheese campaign presentationKraft Mac and Cheese campaign presentation
Kraft Mac and Cheese campaign presentationtbatkhuu1
 
What is Google Search Console and What is it provide?
What is Google Search Console and What is it provide?What is Google Search Console and What is it provide?
What is Google Search Console and What is it provide?riteshhsociall
 
Unraveling the Mystery of the Hinterkaifeck Murders.pptx
Unraveling the Mystery of the Hinterkaifeck Murders.pptxUnraveling the Mystery of the Hinterkaifeck Murders.pptx
Unraveling the Mystery of the Hinterkaifeck Murders.pptxelizabethella096
 
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO SuccessBrighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO SuccessVarn
 
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort ServiceDelhi Call girls
 
BLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_April2024. Balmer Lawrie Online Monthly BulletinBLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_April2024. Balmer Lawrie Online Monthly BulletinBalmerLawrie
 

Recently uploaded (20)

Social Media Marketing PPT-Includes Paid media
Social Media Marketing PPT-Includes Paid mediaSocial Media Marketing PPT-Includes Paid media
Social Media Marketing PPT-Includes Paid media
 
Google 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best StrategiesGoogle 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
Google 3rd-Party Cookie Deprecation [Update] + 5 Best Strategies
 
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
Top 5 Breakthrough AI Innovations Elevating Content Creation and Personalizat...
 
Aryabhata I, II of mathematics of both.pptx
Aryabhata I, II of mathematics of both.pptxAryabhata I, II of mathematics of both.pptx
Aryabhata I, II of mathematics of both.pptx
 
The+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdfThe+State+of+Careers+In+Retention+Marketing-2.pdf
The+State+of+Careers+In+Retention+Marketing-2.pdf
 
BUY GMAIL ACCOUNTS PVA USA IP INDIAN IP GMAIL
BUY GMAIL ACCOUNTS PVA USA IP INDIAN IP GMAILBUY GMAIL ACCOUNTS PVA USA IP INDIAN IP GMAIL
BUY GMAIL ACCOUNTS PVA USA IP INDIAN IP GMAIL
 
BDSM⚡Call Girls in Sector 150 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 150 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 150 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 150 Noida Escorts >༒8448380779 Escort Service
 
Major SEO Trends in 2024 - Banyanbrain Digital
Major SEO Trends in 2024 - Banyanbrain DigitalMajor SEO Trends in 2024 - Banyanbrain Digital
Major SEO Trends in 2024 - Banyanbrain Digital
 
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel LeminTurn Digital Reputation Threats into Offense Tactics - Daniel Lemin
Turn Digital Reputation Threats into Offense Tactics - Daniel Lemin
 
How to Create a Social Media Plan Like a Pro - Jordan Scheltgen
How to Create a Social Media Plan Like a Pro - Jordan ScheltgenHow to Create a Social Media Plan Like a Pro - Jordan Scheltgen
How to Create a Social Media Plan Like a Pro - Jordan Scheltgen
 
Defining Marketing for the 21st Century,kotler
Defining Marketing for the 21st Century,kotlerDefining Marketing for the 21st Century,kotler
Defining Marketing for the 21st Century,kotler
 
Kraft Mac and Cheese campaign presentation
Kraft Mac and Cheese campaign presentationKraft Mac and Cheese campaign presentation
Kraft Mac and Cheese campaign presentation
 
What is Google Search Console and What is it provide?
What is Google Search Console and What is it provide?What is Google Search Console and What is it provide?
What is Google Search Console and What is it provide?
 
Unraveling the Mystery of the Hinterkaifeck Murders.pptx
Unraveling the Mystery of the Hinterkaifeck Murders.pptxUnraveling the Mystery of the Hinterkaifeck Murders.pptx
Unraveling the Mystery of the Hinterkaifeck Murders.pptx
 
No Cookies No Problem - Steve Krull, Be Found Online
No Cookies No Problem - Steve Krull, Be Found OnlineNo Cookies No Problem - Steve Krull, Be Found Online
No Cookies No Problem - Steve Krull, Be Found Online
 
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO SuccessBrighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
Brighton SEO April 2024 - The Good, the Bad & the Ugly of SEO Success
 
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort ServiceBDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort Service
BDSM⚡Call Girls in Sector 144 Noida Escorts >༒8448380779 Escort Service
 
Creator Influencer Strategy Master Class - Corinne Rose Guirgis
Creator Influencer Strategy Master Class - Corinne Rose GuirgisCreator Influencer Strategy Master Class - Corinne Rose Guirgis
Creator Influencer Strategy Master Class - Corinne Rose Guirgis
 
Brand Strategy Master Class - Juntae DeLane
Brand Strategy Master Class - Juntae DeLaneBrand Strategy Master Class - Juntae DeLane
Brand Strategy Master Class - Juntae DeLane
 
BLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_April2024. Balmer Lawrie Online Monthly BulletinBLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
BLOOM_April2024. Balmer Lawrie Online Monthly Bulletin
 

Three generation one big market

  • 1. Presentation based on Chapter 10 “THREE GENERATIONS, ONE BIG MARKET” of the book - CONSUMER INDIA Inside the Indian Mind and Wallet by DHEERAJ SINHA
  • 2. THREE GENERATIONS, ONE BIG MARKET Presented by Anjali Asthana Rachana Naik
  • 3. Homogeneity & Hyper segmentation  Most critical characteristic of India that every marketer must examine carefully and truly understand.  India is attractive, its vastness and diversity offered no easy entry points.  Several segmentation approaches have been propounded, and many studies have been conducted by marketers, researchers and advertising agencies  But rather than solving the problems of complexity , end up adding to it.  Researchers have segmented India based a certain pattern in their reported behavior – Hypersegment
  • 4. Mainstream Myopia  Every brand and business in the country is asking itself “ Are we positioned appropriately for young India ? ”  Those who realize quickly gear up for a brand makeover – State Bank of India, Bank of Baroda and Canara Bank.  Indian Readership Survey 2010 – 168 million people in the age bracket of 45 and older ( ignoring a market at higher end )  500 million Indians under the age group of 25 are also ignored.  Most marketers are suffering from mainstream myopia focusing on age group 25-44  Need a new set of segmentation.
  • 5. A new basis for Segmenting India  Epochal events changed the mindset of a nation.  Two epochal events - political independence in 1940s - economic liberalization of India  Political independence bought hopes of bright future, employment, prosperity but partition bought destabilization.  Later with the help of South Asian Association for Regional Cooperation became increasingly skeptical about future  Isolation eventually overcome by the economic liberalization.  Political independence, partition of India and economic liberalization shaped the mindsets of people of those times,
  • 6. A Mélange of Three Mindset
  • 7. The Partition Generation  Example of Manoj Kumar a Veteran Bollywood actor.
  • 8. Four key principles – Held Back But Not Holding Back  Carries baggage, struggle with scarcity, pain of separation from well established life, and failure of independence deam have scared them.  “ We had no goals, we just studies and passed examinations in hope that we get a job, stand on our feet, and feed our family” – inherent suspicion on system and own fate.  Kesari Tours runs a special tour for elders “ Second Innings”  LIC Care Homes  Value system with which they have grown up holds them back but avenues around them pulls them forward.
  • 9. Desire for Performance  Partition Generation plays for keeps, whether it’s relationship, investments, furniture, cars or moral values.  “We do it exactly the same way that we use to do it”  N.R. Narayan Murthy, spoke at Wharton’s MBA commencement 2001, he exhorted the new generation to be trustworthy, create a support system in their families, live with dignity, and strive to make a difference to their society .  UTI fiasco – UTI is an asset management company with public ownership.
  • 10. A High Regard for Functionality  The partition generation clearly prefers substance over style.  They consume categories rather than brands.  They will go for Kakaji Namkeen which provide value substitutes rather than expensive looking Lay’s.  They are driven more by functional value rather than emotional value.
  • 11. Community as a key support  When asked what is the key value that they lived by, they said “creating respect” for themselves in the society.  Social status or showing off is a way of life for the partition generation.  Udupi restaurants serves cheap yet delicious food. This restaurant is born out of a community need.  For partition generation community has been the ultimate recourse for all kind of recommendations or connections.
  • 12. Transition Generation Heading to tomorrow, bringing yesterday along  Remakes and remixes  Devdas 3rd time 2002  This generation has seen a new world of opportunities open up
  • 13.
  • 14. Four key principles- Letting go  The biggest difference between partition generation and transition generation is the ability to LET GO.  Example the dance shows of Indian housewives, parties, flexible relationship of boss – subordinate , father- son interaction.  This is the most targeted age range for brands for product and services.
  • 15. Chasing tomorrow  The transition generation is being seduced by the possibilities of what they can do and they can become.  Today they are being chased and courted by marketers,  According to a consumer” no doubt life is becoming better, but so have the demands and we are always running short of resources to meet all of them”
  • 16. RECONCILING THE DILEMMA OF CHANGE  The transition generation want to nourish the practices of yesterday with the resources of today  They don’t want to leave behind the past in order to move ahead, they want to celebrate their traditions and festivals on larger scale  The market for repackage tradition is booming in India, Eg: Dabur took a fresh look and positioned Chyawanprash,An ayurvedic health supplement.  Transition generation just give a modern glossy twists in form of soap, shampoo or other services
  • 17. Credit /Debit Living  The behaviour of the transition generation is thus compensatory in nature- compensating for the debits in life with credit.  You can use credit /debit to sell anything to the transition generation: heart friendly cooking oil, soap and shampoos with noside effects, holiday package, credit cardsand loans.
  • 18. The No String Generation- Life Unbound  No string generation believe in being honest, but only to themselves.  Members of No String Generation want to take life EASY.  Their take on life is certainly more transactional and self- centered than the preceding generations.
  • 19.
  • 20. Four key principles- Thriving the discontinuity  The No string Generation believe “you can not have the same food everyday.”  They are always on the move in the respect of relationship, job, career etc.  They focus on “ I , ME AND MYSELF” where the partition and transition Generation rarely managed to do.
  • 21. Elbow Room  No String Generation is seeking to retrieve their space.  They know to manipulate, negotiate and managing the system very easily.
  • 22. Unchecked Optimism  “The sky is the limit “ is not merely a proverb for this generation.  They help this generation by the products and services which help them to cover the distance between their dreams and making them a reality.
  • 23. Bad Is The New Good  The No String Generation has more transactional and practical view of the world.  They believe “ we don’t want to be serious about the relationships, as this is our time to focus on our carrers”  “Honesty and hard work by themselvesare not good enough in today’s world, you need to be smart and diplomatic toget your work done”.
  • 24. Market target  Few companies specially FMCG take care of all the three generation .
  • 25.