branded monks_quinon proficit defici

Upload: zmetheu

Post on 09-Apr-2018

216 views

Category:

Documents


0 download

TRANSCRIPT

  • 8/8/2019 Branded Monks_Quinon Proficit Defici

    1/6

    Brand Ambassadors

    reviving the brands at

    the time of recession

    Team: Branded Monks

    College: NMIMS

    Team Members:

    Binit Kumar Kartikey Sharma

    +91 9867764657 +91 9833220538

    [email protected] [email protected]

    Vikas Soni

    +91 9920782879

    [email protected]

    mailto:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]:[email protected]
  • 8/8/2019 Branded Monks_Quinon Proficit Defici

    2/6

    2 | P a g e

    Signing up stars for endorsements is a time-tested strategy and has been effectively used by

    some of the top brands in the world including Nike and Pepsi. In India too, HLL has used

    Hindi film stars to endorse their beauty soap Lux since the fifties. Vimal, Thums Up, Gwalior

    and Dinesh are some of the other brands that used star-appeal in the early days of mass

    advertising. And who can forget Kapil Palmolive Dev?

    Ask about the objective of using a celebrity in an ad and most admen will talk about making

    an impact on the bottom line. They believe that star endorsements have several benefits, key

    among them being building credibility, fostering trust and drawing attention any or all of

    which can translate into higher brand sales. In an extremely cluttered world of advertising

    brand ambassadors help brands break the clutter. So when there are thousand mint brands

    running their ads, association with Salman Khan helps Chloromint stand out and be noted.

    Also there is a flow of values from celebrity to the brand. When Amitabh Bachchan promotes

    Parker, trust and credibility of Amitabh rubs on to the Parker brand as well.

    Recession with it has brought a reality check for the advertisers. The benefits that Brand

    Ambassadors bring to any brand are not cheap. So companies in the slow down across the

    board are feeling the pinch and the major corrective measure is cost cutting. As in any

    economic downturn, advertising takes a big hit when costs are cut. Several companies are

    demanding more accountability from their ad agencies and marketing departments. Gone are

    the days of I know half of my ad spending is wasted but not sure which half. Companies

    now want laser like precision in their advertising. As a result celebrity advertising has come

    under pressure. With big celebrities like Shahrukh Khan, Amitah Bachchan, Sachin

    Tendulkar costing companies crores, advertisers are now looking to use celebrities more

    cautiously. Also with celebrities like Shahrukh, Amitabh endorsing almost 30 brands, the

    whole idea of celebrities breaking the clutter has come under a question mark.

    Does this then mean death of the brand ambassadors? If success of some of the ad campaigns

    during this recession is any indication, answer is a profound no. As Mohammed Khan,

    Chairman of Enterprise Nexus puts it, Using a celebrity by itself is not a bad idea provided it

    is done intelligently.

  • 8/8/2019 Branded Monks_Quinon Proficit Defici

    3/6

    3 | P a g e

    Idea whose time has come

    Idea needed to have a strong communication plank. In its initial days, the brand did falter

    with its various propositions as most of its communication looked high on imagery and lowon promise and offering. This made the brand re-think its strategy and it went in for the

    different-strokes-for-different folks strategy to clearly communicate to its core users. Ideas

    real stroke of luck came during the past two years after it signed Abhishek Bachchan as its

    brand ambassador and used various socially relevant, progressive and disruptive ideas

    weaved around mobility to connect to its core TG in non-metro circles. And today Idea not

    only sailed through rough weathers of recession but made inroads in the market share of the

    existing players.

    Frito Lays: Chala change ka chakkar

    Since snacking is mostly a hunger-driven impulse decision, staying fresh in the consumer

    mind is very important. To maintain top of the mind recall among its customers the brand has

    undertaken several unique communication initiatives for example, was called "Chala Change

    ka Chakkar," which is an umbrella campaign for Frito Lay Indias entire product portfolio(Lays, Kurkure, Cheetos, Uncle Chips, and Lehar). This promotion had allowed chosen

    consumers to live a day in the life of an Indian Bollywood celebrity (who are the brand

    endorsers) like Juhi Chawla or Saif Ali Khan. The idea did the magic in generating

    excitement around the brand and made it stand out in the clutter of existing brands at the time

    of recession.

    Bajaj Allianz: Life after super agent

    Bajaj Allianze for last few years have used their mascot Bajaj Allianze Super Agent for its

    advertising. Customer could discuss and clear doubts with the mascot. Now the company has

    signed Olympic Bronze medallist Vijender Singh as its brand ambassador. When we signed

    on Vijender, we did so with a view to talk to a younger target group (TG) in the age range of

    28-33 years, says Akshay Mehrotra, head, marketing, Bajaj Allianz Life. Our products

    have been adapted to suit the younger generation. The new campaign not only helps Bajaj

    Allianze to stand out among the slew of Insurance companies but also sends the message loud

  • 8/8/2019 Branded Monks_Quinon Proficit Defici

    4/6

    4 | P a g e

    and clear. When someone takes out a life insurance policy, the idea is to protect and defend

    oneself against unseen harm. Therefore, when an accomplished boxer, who can knock the

    living daylights out of his opponent, tells you to buy insurance, it's in line with the brand

    identity.

    Ministry of tourism: Atithi Devo Bhav

    With recession looming large coupled with terrorist attack on India made a huge impact in

    terms of foreign travelers coming to India for business or pleasure. To tackle the situation, the

    Ministry of Tourism had roped in Aamir as the brand Ambassador for its brand campaign

    'Atithi Devo Bhava' (guest is akin to god) to showcase the country's rich heritage and culture.The kind of personality which Aamir has did a favor to the Incredible India initiative and this

    has increased the confidence of tourists which was reflected with the improved number in the

    tourists this fiscal.

    Zoozoos: Not just mascots

    A brand ambassador may not always be a celebrity or for that matter it need not be human. It

    could be a symbol or a mascot which symbolizes the values of a brand. The advantage of a

    mascot over celebrity endorsement is that it is cost-effective. Also a celebrity endorses

    multiple products, creating confusion in the minds of the consumers, unlike the mascot that is

    unique to each brand. Not only do the mascots create instant recognition for the brand, it also

    helps advertisers cut through the clutter. In a diverse market like India where mass brands

    have not less than 16 language translations for their ads, mascots are a very powerful means

    to create a stronger connect with the consumers. It appeals not only to the educated mass, buteven an illiterate consumer, who instantly identifies the brand with help of the mascot.

    In 2008, Vodafone had unveiled the Happy to Help series during the first season of the

    Indian Premier League (IPL). With the launch of the second season, Vodafone has given birth

    to the Zoozoo: a special character created specifically to convey a value added service (VAS)

    offering in each of the newly released commercials. The popularity of zoozoos, the white,

    ghost-like creatures promoting Vodafones value-added services, are indicative of the fact

    that mascots are definitely here to stay.

  • 8/8/2019 Branded Monks_Quinon Proficit Defici

    5/6

    5 | P a g e

    Not one but range of ambassadors

    Another new phenomenon this recession has been using multiple brand ambassadors. Harish

    Bijoor, brand-strategy specialist and CEO of Harish Bijoor Consults, believes, Celebs withuniversal appeal are no longer available and the Shah Rukhs and Amitabhs, by endorsing 30-

    odd brands at the same time, have led to a disappearance of the single-star-to-single-brand

    concept. If one of them were to leave the brand, it will still have some faces on board.

    Therefore while Dabur has Dhoni alongside Amitabh, Kurkure has retained Juhi Chawala

    while roping in Kareena Kapoor for its sub brand.

    Conclusion

    This recession has highlighted the fact that Brand Ambassadors including celebrities and

    mascots remain the most efficient way of getting quick and real consumer mind share in the

    smallest possible time. Companies which realised the fact that cutting marketing expenses

    was a short sighted approach that will not help them get out of the slow down and lack of

    sales invested wisely in brand ambassadors which were a natural fit with the brands and thus

    realised the benefits, cases in point being success of Abhishek Bachchan for Idea, Genelia forFanta and Amir Khan for Tata Sky. The learning from this economic slowdown was not

    going for wild cost cuttings but making effective and efficient investments. So brands

    invested wisely in synergistic brand ambassadors and in turn brand ambassadors imparted

    credibility and aspiration to their endorsed brands. Thus breaking the clutter, reinforcing trust

    in brands, reinvigorating sales and bringing the profits back to the positives.

  • 8/8/2019 Branded Monks_Quinon Proficit Defici

    6/6

    6 | P a g e

    References

    http://ibnlive.in.com/news/recession-bruises-big-brand-faces-freshers-lucky/89882-7.html

    http://www.topnews.in/fanta-drops-rani-mukerjee-its-brand-ambassador-2121492

    http://www.mydigitalfc.com/companies/genelia-d%E2%80%99souza-brand-ambassador-

    spinz-523

    http://entertainment.oneindia.in/bollywood/features/2008/brand-endorsement-hit-

    081208.html

    http://www.travelbizmonitor.com/aamir-khan-selected-as-brand-ambassador-for-mots-atithi-

    devo-bhava-campaign

    http://business.rediff.com/slide-show/2009/jul/14/slide-show-1-what-an-idea-sir-ji.htm

    http://ibnlive.in.com/news/recession-bruises-big-brand-faces-freshers-lucky/89882-7.htmlhttp://ibnlive.in.com/news/recession-bruises-big-brand-faces-freshers-lucky/89882-7.htmlhttp://www.topnews.in/fanta-drops-rani-mukerjee-its-brand-ambassador-2121492http://www.topnews.in/fanta-drops-rani-mukerjee-its-brand-ambassador-2121492http://www.mydigitalfc.com/companies/genelia-d%E2%80%99souza-brand-ambassador-spinz-523http://www.mydigitalfc.com/companies/genelia-d%E2%80%99souza-brand-ambassador-spinz-523http://www.mydigitalfc.com/companies/genelia-d%E2%80%99souza-brand-ambassador-spinz-523http://entertainment.oneindia.in/bollywood/features/2008/brand-endorsement-hit-081208.htmlhttp://entertainment.oneindia.in/bollywood/features/2008/brand-endorsement-hit-081208.htmlhttp://entertainment.oneindia.in/bollywood/features/2008/brand-endorsement-hit-081208.htmlhttp://www.travelbizmonitor.com/aamir-khan-selected-as-brand-ambassador-for-mots-atithi-devo-bhava-campaignhttp://www.travelbizmonitor.com/aamir-khan-selected-as-brand-ambassador-for-mots-atithi-devo-bhava-campaignhttp://www.travelbizmonitor.com/aamir-khan-selected-as-brand-ambassador-for-mots-atithi-devo-bhava-campaignhttp://business.rediff.com/slide-show/2009/jul/14/slide-show-1-what-an-idea-sir-ji.htmhttp://business.rediff.com/slide-show/2009/jul/14/slide-show-1-what-an-idea-sir-ji.htmhttp://business.rediff.com/slide-show/2009/jul/14/slide-show-1-what-an-idea-sir-ji.htmhttp://www.travelbizmonitor.com/aamir-khan-selected-as-brand-ambassador-for-mots-atithi-devo-bhava-campaignhttp://www.travelbizmonitor.com/aamir-khan-selected-as-brand-ambassador-for-mots-atithi-devo-bhava-campaignhttp://entertainment.oneindia.in/bollywood/features/2008/brand-endorsement-hit-081208.htmlhttp://entertainment.oneindia.in/bollywood/features/2008/brand-endorsement-hit-081208.htmlhttp://www.mydigitalfc.com/companies/genelia-d%E2%80%99souza-brand-ambassador-spinz-523http://www.mydigitalfc.com/companies/genelia-d%E2%80%99souza-brand-ambassador-spinz-523http://www.topnews.in/fanta-drops-rani-mukerjee-its-brand-ambassador-2121492http://ibnlive.in.com/news/recession-bruises-big-brand-faces-freshers-lucky/89882-7.html