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Consumers
Competition
Landscape
Business Objective:
Amazon vs Flipkart
2014 Amazon decided to take on India.
Business objective for Amazon: Increase penetration for people who were not shopping online.
Target,
New category users:
1. Why should they consider the category? (more choices, convenience etc.)
2. Why to go with my brand?
Number 2 brand convinces customers to get into ecommerce, but customers may go with the
leader. (No.2 brand does all the work and customers will mostly pick the No.1 brand)
Existing users:
1. Why to go with my brand? (consumer loyalty)
Target Consumer
Thumbs up: Target consumers: Macho image seeking youth. Aim to delight.
All other consumers: Accept only to please
Those who develop a taste for Thumbs up, will not go for pepsi or coke.
These consumers advocate the brand. (people in the house also get used to the brand)
Carefully choose your target (the super consumers) and commit to delight them.
Vodafone blackberry boys ad: 2 issues. Killing their super consumers- the corporate people; The
youth college students who aspire to use an expensive phone- the ad says that it is cheap.
Brands should have a clear differentiator with respect to the No.1 player and that differentiator is
essential to their experience. Then the user does not compare with the No.1 brand.
Swatch Bharat Vidya Balan campaign: Social stigma used to influence people
Head and Shoulders, 1960 1st introduced dandruff issue, social stigma.
SEGMENTATION:
Start with a psychographic or a need state (benefit) based segmentation and then demographics.
TARGETING:
Principle: Choose based on: Attractiveness, Ability to win
Pick a segment that you are familiar with
Niche but likely to grow fast in the immediate future
Something that market leader is not good at
INSIGHT:
Put yourself in the shoes of the consumer, imagine this person.
Find out the biggest problem/ tension that this person has WRT to your category
Or else what does the product means to someone at a human level
How do you get the most ROI? Run campaign when the customers are ready to listen to you.
PRICING
DISTRIBUTION
Pointers:
Handling a brand extension case:
Mother brand (Hero splender) targeting youth, does millage really matter?
Value added by mother brand.
We vs Me in GDs
Cracking an interview when you have no idea what the right answer is.
The candidate who made the interviewer speak more is the one who will get through.
Tell me something about yourself: what do I need to persuade the recruiter of? Strengths
(not bluntly) need to come out in the introduction. Practice story telling.
Personal story telling: (10 competencies that recruiters look at)
Behavioural questions