Sunday, 14 April 2013

Role of Advertising in Building Brands


Role of Advertising in Building Brands
© Sabari Ganesh; “All Rights Reserved” 
authorsabariganesh@gmail.com
   https://sarahah.top/u/authorsabariganesh

Branding – Birth:
            The elasticity available to companies in differentiating their products based on tangible features has been rapidly shrinking due to increase in the competition. The effectiveness of companies in providing excellent services associated with the products, resulted in the commoditization of services.
This has eventually created the necessity for companies to explore new and unfound areas in their strife to project the superiority of their products among intense competition. The result observed is experimenting product promotion to associate with intangible values like fun, luxury, youthfulness etc.
This phenomenon was propelled by the quest of the prospective customers to perceive and project better stature in society resulting out of purchasing such products.  Such a quest of the prospective customers is guaranteed by their higher education levels, rising incomes, and increased purchasing power.
The phenomenal economic success of first movers, in differentiating their products based on intangible values generated a rapid following. When most of the companies started differentiating their products based on intangible values, the process that we now call ‘Branding’ took shape.
It was in the nineteenth century, in the field of marketing, with the onset of packaged goods, emerged branding.
Branding – Early Life:
            The early stages in the life of branding was very primitive and at the distal end of the marketing gimmick. Branding for a very long time remained a remote activity. It was never perceived to be a part of the core corporate strategy.
Early branding was a synthesis of a crafty logo, astute advertisements, and extravagant commercials in the media during popular shows on an enormous currency spend.
Since any brand proposes a personality, character, feelings and identity that is very unique and belonging to a particular company; it has to be nurtured like a human being!
Branding – Purpose:
The essential responsibility of a brand thus nurtured is to enable the customers experience the benefits and values, as proposed by its owner - the company. The ensuing result shall be the economic betterment of the company; which in turn nurtures the brand.
The terminal purpose of a brand identified with a unique, social intangible value is to seek and retain the mind share of customers by reminding them the product and the company; as and when they experience the specific social value in their day to day life.
The success of a brand in retaining the top of mind of customers is significant when the personality and stature of the brand synchronizes with the vision and ideals of the company.
Branding – Yuppie Stage:
            The innate ability of a brand to distinguish the products of the company from its competitors; and the guarantee of non-duplication has led to the proliferation of brands in the market place.
            The nurturing of a brand like a human being, has been very effective in developing a psychological chord of fondness and relationship; thereby assimilating like-minded social animals with the company’s products.
            The undercurrent of branding lies in its promise to the customers that a specific level of value, quality and service shall be provided; apart from its unique intangible stature.
            The above factors make the cultivation of brand a long term corporate strategic issue than a short lived tactic.
A well-defined brand personality that snugly represents the vision and ideals of the company earnestly influences the positioning of the company in the minds of customers.
Branding – Merit & Limitation:
The projected nature of every product associated with the brand contributes positively or negatively to the stature of the brand. The contribution is positive and meaningful, when the projected nature of the product synchronizes with the character of the brand; else negative.
Hence, it becomes mandatory that all the products associated with the brand focus the same direction, in a synchronized fashion. In practice it is found that this exercise curtails the scope and width of promoting the vast variety of products grouped under a brand.
Advertisements & Branding:
The main purpose of advertisements is to create awareness on the entry of a new brand, and to remind the existence of brands. Advertisements created over a period of time for various products under the same brand must essentially fall within the agenda of the brand personality to strengthen it effectively.
Such advertisements that project the brand personality even though created for a variety of products; jackhammer the brand personality in the customer’s minds; and also create an invisible memory link among all the products of the brand.
Immaterial of the ad spend, idea or strategy; any advertisement that fall within the framework of the brand must trigger this emotional chord positively. This is significant because, brands are actually vectors to an emotional connection people wish to make.
            Marketers must tactically strive to own this portion of responsive ‘real-estate’ existing in the minds of customers in a sensible manner.
The psychology of Branding:
More than the power of wealth, the building of a brand requires a clear focus and premeditated intent. If wealth were the basis of brand power, then successful brands would be owned only by the world’s richest.
A brand can be bought by the wealthiest; however the nourishing that a brand requires; can be provided only through sensible spending of the time, effort and involvement required.
The psychology of branding is a tricky and elusive issue. Unless the exercise of branding rests on visible and measurable parameters; customers may not believe the brand promise!
For instance; success for brands that rests on measurable business performance promises are comparatively easy than those that stress the company’s vision, mission and passion.
Business & Brands:
            The intrinsic objective of advertisements is to create brand awareness and market the brand than the product. The value shift has moved from products to brands. Successful companies no longer manufacture products; rather buy products and brand them.
In short, these companies have created a logo, a social image that sells the product; to an extent that if the entire operation of the company is ripped off leaving just the brand; one could effortlessly build the company.
In the reverse case, the company intact with the brand removed; the company heads towards extinction. This is because, everything about the company; from management to advertising to customer service to employee welfare; everything is derived from the emotional double helix – the Brand!
Advertisements minus Brands:
The major gridlock in advertisements is to evaluate their success ratio in terms of increase in sales or revenue or brand awareness; that could be attributed to specific advertisements.
The case of brand ‘Le Sancy’ is a classic example. In spite of aggressive advertising, it sunk without a trace. One possible reason could be that the ad claimed a unique bathing experience pitching on the peculiar shape; which is short lived as the product being soap.
Similar is the case of Daewoo’s Cielo. The technology behind multi-point fuel injection system was pitched in advertisements. However, any amount of advertisement could not reverse the perception of customers doubting its fuel efficiency. The positioning thus became a failure; and when they came out with their small car, it was positioned as a family car.
Even so; advertising is never an exercise in futility. As a matter of fact, however excellent a product or service may be, cannot be sold unless and otherwise its existence is known that is achieved by advertisements; proving its indispensability.
 “Advertising does help in building brand recall, but advertising alone does not sustain a brand!”
VikramBakshi, MD, McDonald’s
Successful Brands without Advertisements:
History indicates that brands can be successful even without advertising. ‘Gokul Santol’ and Mysore Sandal Soap are couple of brands that have a strong following in the market. The company does not stage promotional campaigns or spend a huge ad budget. These are success stories because the customers like the product.
Also, today’s customers are no longer dependent on advertisements for information regarding the product. The internet and other interactive media have made the customer an active participant in the process of information exchange.
Brand Resurgence:
In today’s business scenario, marketing is multidimensional and not just a simple trick. The traditional approach to brand management necessarily requires a complete reorientation.
Brands of the eighties built upon heavy advertisements that were once adored and seemingly invincible have lost their sheen. ‘Dalda’ – Vanaspati; ‘Weston’ – Television; ‘Polson’ – Butter; ‘Murphy’ – Radios; ‘Campa Cola’ – Beverages; ‘NP’ – Bubblegum are a few to name.
However, some of these brands have been revived like the ‘Detroit Electric’ – Electric Cars in the US and ‘Dalda’ – vanaspati in the Indian scenario. The tact here lies in ensuring that the customers perceive a new economic value in these products and brands.
Markets for Resurgent Brands:
The brands that are successful in a specific slot in a particular region could not command the same positioning in another region.
For instance, ‘Kellogs’ – corn flakes which is targeted at the ageing segment that could not eat meat in the US; targets the kids segment in India. The US car ‘Buick’, which is a value for money automobile, is a big brand in China.
Repositioning of a brand has been very successful in these cases.
Conclusion:
            Advertising in its role of building brands commands inevitability; however its effectiveness has to be guaranteed by other promotional and PR tools which are part of the overall branding strategy.
            Advertising in its transition from product features to services to the ultimate character of brand is successful when complimented with the other tools of marketing.

Friday, 12 April 2013

Role of Human Resource in Building Brands

Role of Human Resource in Building Brands
© Sabari Ganesh; “All Rights Reserved” 
authorsabariganesh@gmail.com
 https://sarahah.top/u/authorsabariganesh
 
Introduction:
The objective of any business venture is to provide positive value addition to the stake holders of the business. Profits, organic and inorganic development of the organisation are just indicators of their success in achieving the above. The vectors of positive value addition depend on the prospective and present consumers and customers perception of the organization’s products and services.
Segmenting the market based on the changing needs and wants of the consumers is a dynamic and continuous process. The success of any brand lies in its ability to satisfy and surpass the expectations of the intended market segment. The positioning of a company depends on the number, popularity and the revenue of the brands it possesses in every market segment.
With the onslaught of information, globalization has resulted in human resource also, wherein any person compares himself with his peer network across the entire world. Human resource is the prime source of strategic competitive advantage for any business venture. The employee being the prime and foremost customer of the company, any branding activity of a company should start from its employees.
This is defined as internal marketing, which in essence considers the employees of an organisation as its immediate market and present customer. The history of successful companies throws light on their management of human resource with more concern than its customers. Managing the work force with a vibrant and positive attitude is achieved by a series of management practices that include a streamlined internal communication process, an ethical standpoint on decisions pertaining to human resources and an open forum for exchange of views on the business of the company.
Segmenting Employees:
Apart from superior technology, modern machinery and an articulate work process; the prime requisite that ensures the profitability of the company is the voluntary effort of its employees. Managing the human resource is the potent and primary challenge that needs to be faced by any organisation immaterial of its business venture.
The success of the company in its business venture depends on the efficiency it demonstrates in providing positive value addition to its employees with individual customization. The primary module to achieve it is to segment the employees based on their immediate need sets, value priorities and correlate them with their position in the organization’s hierarchy.
In the present scenario of intense competition among players, recruiting employees of real talent is difficult; retaining them with a host of factors that promise a positive value addition to them is a staggering task. Positive value addition is no longer a simple activity that involves a fat salary package, attractive ambience of the work place or generous leave grants; rather it is a complex and dynamic riddle of managing the employee’s minds.
It is highly individualistic, challenging and at the same time interesting.
The organizations can no longer afford to have a general HR policy; a one size fits all dispositions when dealing with its human resource. The competition among professionals on a job vacancy has resulted in projecting their skill sets as inevitable to the profitability of the company. The result is the conversion of every staff function into a line function which has a direct impact on the profitability of the company.
The fine tuning of each task involved in every process has resulted in mapping of the requisite skill sets necessary to execute them in a professional manner. The impact of such a refinement is the erosion of preference accorded to seniority that is based on the number of years an employee has been with the organisation.
The business equation in managing human resource directly links the skill sets of an employee to his role and responsibility that should minimize costs and eventually become a sign of a positive value addition to the profitability of the company.
The traditional companies that represent a shrinking percentage in the pool of industry sectors over the non-traditional business ventures with promise to address a latent or a new found value proposition adds momentum to it. The above factors substantiate the necessity to address the material and psychological wants of the employees with multiple focus and individual customization.
Employer Branding:
The success of a company in catering to the employees individualistic wants; brands the employer as an efficient and charismatic personality that prompts a feeling of admiration, faith and assurance in their minds.
This in turn reflects in the employees’ communication with the outside world – the present and prospective customers and consumers; acting as the most effective publicity tool. The demand for individual customization makes employer branding more of an art than science; however, it can be easily achieved through simple initiatives.
The fundamental aspect is to demonstrate an assertion that the commitment and responsibilities of the employer shall be appropriately executed; and the employee’s inventiveness, involvement and performance that add positively to the fertility of the company are recognized, encouraged and rewarded.
Ultimately, the employer instills a self-image in the minds of the employees to be a combination of compassionate, dependable, ethical and firm personality. Such an employer branding perk up the invisible capital – the human resource by attracting the best talent that the industry has to offer, which in due course improves the financial stability of the company.
The basic element of the employer to become a sought after brand by the prospective talent pool of professionals in the market shoots out of the principles, character and functioning of the core management team of the business. It is imperative of the core management to provide individual attention to every employee, providing clear, crisp and concise focus on the responsibility that need to be shouldered by him; thereby creating an environment of meaningful existence for the employee in an organisation.
When every employee is engaged in the right activities with a clear understanding of his impact on the profitability of the company; results are just a matter of time. Genuine and unlimited output emerges out of challenged, empowered, energized and contented teams of people.
Employee Engagement:
            Employee engagement permits every employee to become a part of the action, allowing them voice their views to steer the organisation in the path of profitability. The availability of a forum for employees to speak their minds, spread a wave of positive emotions, ignite in them a natural sense of responsibility in the business of the organisation, which is found to raise productivity exponentially.
            When an organisation begins treating its employees as its customers, understanding their concerns, demonstrate a moral sense of care and commitment, with opportunities for feedback and conversation; the employees emulate the same attitude in their interactions with the customers. In short, the present day’s employee satisfaction is the seed for tomorrow’s customer satisfaction. This ultimately strengthens the brand and product offerings of the company, leading to profitability and growth of the organisation.
            When the management prioritizes the satisfaction of the employee, who strives for the company with the intention of making it profitable, ensures satisfied customers through him; which indirectly keeps the share and stake holders contented. An engaged employee, delivering superior performance is never accidental; but incidental cropping out of an aesthetically designed strategy with a strong focus on leadership, culture and freedom coupled with responsibility. This attracts, retains and develops the best quality of talent and visible expertise.
Factors of Employee Engagement:
            The first and foremost factor that acts as the base of successful employee engagement is to choose the appropriate professional with an attitude that synchronizes with the principle, focus and business value of the company. The employee thus selected could be trained in specific skill sets as per the demand of the business with ease and the fitment becomes natural.
            When the employee is communicated the vision, mission and goals of the business; in short the reason for the existence of the company in business and the responsibility that is expected out of him to propel the business forward; creates a sense of being part of a bigger pie than his individual professional gratification.
            When an employee thus propelled is given the necessary support systems for his professional development, scope for upward mobility in the organisation ladder; coupled with a proper work-life balance, greater flexibility in work schedules, and recognition of his personal and professional milestones with celebrations; strengthens the emotional bonding of the employee with the organisation that effectively bails out the company at times of crisis.
Conclusion:
            The success of a well-built brand is characterized by reduced attrition; ability to recruit and retain appropriate talent with considerable ease and finesse. The human resource and marketing are the two major arms of an organisation that could be a powerful tool in building and nourishing successful, strong brands. The human resource activities and branding activities of an organisation effectively complimenting the other; with the marketing activities providing valuable support system could transform an organisation into an enviable player in the market.




Thursday, 4 April 2013

Horizon

Horizon
© Sabari Ganesh; “All Rights Reserved” 
authorsabariganesh@gmail.com
 https://sarahah.top/u/authorsabariganesh
 
Ever wondered which single factor propels the activities of every person? Education, Employment, Earnings, Yearning for name, fame, authority, popularity – anything for that matter is propelled by one’s earnest search of happiness. Every person runs around with the sole ultimate objective of remaining happy. All our activity becomes complete only when we are able to remain happy.
This entire world is so dynamic with professionals from all walks of life. They are well educated, disciplined, intellectually strong; but emotionally weak! Such a combination in professionals – intellectually strong and emotionally weak are like an active mine; so very dangerous that they may explode any moment causing unimaginable and irreparable damage that effectively nullifies all their preceding good efforts and positive results.
A careful analysis of the elemental substratum that underlies the emotional weakness of every successful person displays a very interesting and striking similarity – non-receipt of the much chased after happiness or emotional contentment. It is quite surprising to witness these professionals who are very successful in their chosen area of specialization, actually in the top of the knowledge pyramid; desperately yearn for happiness and contentment.
It is actually surprising to think, what could be so difficult for these professionals, who are intellectually very strong, exponents in their field of activity, opinion leaders actually, that make happiness so elusive! A close scrutiny of this issue throws light on a very crucial aspect – Focus. Though exponents in their chosen area of activity, these professionals have miserably failed in studying and understanding “Life”. Influenced by the ‘mass approval phenomenon’ and compelled by collective opinion, we as professionals were running after so many things blindly without knowing the intrinsic value and ultimate benefit that could be derived from such pursuits.
“A cynic is a person, who knows the price of everything and the value of nothing!”
-       Oscar wilde.
A mention of those factors that influence our behaviour and activities reminds me that we are actually cynical in our approach towards ‘Life’. Also our folly lies in our expecting happiness from external sources that are actually not controlled by us. To understand this, we must analyse ‘happiness’ in its intrinsic nature.
Happiness is a derivative of the materialization of our desires. In the event of non-materialization of our desires, and upon identification of the cause; the reaction would be either anger – if we are more powerful than the cause; or sorrow – if the cause is more powerful than us. In other words, desire is the substratum of our emotions. As long as we desire, we fluctuate between happiness, and sorrow or anger. However, any of these emotions are not consistent or sustainable; because the object of desire is external to us and we may be deprived of it any moment; because change is certain. Even otherwise, we may not continue to like the object of our desire, due to changes in our temperament and/ or outlook.
The reason being, we are actually so self-centered in the materialistic sense that anything that opposes us or our ideology would be hated by us. The only solution to this so seemingly never ending game is to be self-centered again, but in the spiritual sense. Spiritual wisdom was and is never elusive! It has always been so simple. When we wear a shirt, knowing well that it is either already torn or would get torn, then its wisdom; because, in the event of the shirt getting torn, we would remain in peace. Also, we are very clear that we are not the ‘shirt’ we wear.
Similarly, indulging in worldly duties, realizing well the inherent impermanency is wisdom. Also, trying to understand the real self is the ultimate level of wisdom! For anything to keep changing, and also to appear real, it should rest on a relatively unchanging substratum. Only if the slate is stable, can the letters be written and rewritten repeatedly; and would also look real. Similarly, the body, mind and intellect that we possess have always been changing; which makes the existence of an unchanging substratum a necessity?! Being ‘that’ is wisdom. It cannot be known for the simple reason that, if it is known, then the knower is different from it; hence we need to start again!
This reminds me of a story of a beautiful girl. Her parents decided that she would marry a guy, one of their very close relative. The girl in her aspiration to marry the best of all, decided to marry the King, whom she thought was ranked the highest. When she followed the king, she saw him bowing down to a saint! Naturally, our heroine started to follow the saint; who saluted a Ganesha idol beneath a tree, in the river bank. Our girl just sat beside Ganesha to propose him, waiting for him to wake up! It was when a dog came by and graciously decorated our Ganesha with its pee.
The girl was so very astonished to see Ganesha sitting unmoved; and hence she started following the dog! The dog that entered the village was chased by a small kid. Now, our girl started following the kid, wondering if she would be able to marry him! The mischievous kid was intimidated by a guy, whom the girl decided to marry finally. Alas, to her surprise, it was the same person to whom she was engaged.
She had been running around expecting the best everywhere, when the best was actually so close to her! Similarly, we are running around seeking happiness in our external pursuits, when the eternal happiness is within us. When we are able to focus our mind on that which is eternal, we would succeed in securing eternal happiness. To achieve this, the only way is to minimize our indulgence in all other activities to the barest essential. The belief that desires can be extinguished by satisfying them is a mirage. It is similar to pouring fuel on fire to extinguish it.
In a sentence, the path is to be simple and keep it simple; because simplicity arises out of profound thought. For us to understand the essence of profound thought, one would need to read this article again. This search would continue till we understand that where we stand is what we are in search of – Horizon! Tat-Twam-Asi.