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The Coca-Cola India CEO further said that it was not advisable
to follow the brand leader. "Always find ways to differentiate
your product and see how you can establish your brand in a unique
way," he advocated.
Citing the Coke model, which helped the company emerge as a leader
in the soft drinks industry in India, he said that Coke focused
on customer service imperatives to drive penetration.
Questioning another marketing myth that successful new product
development takes a long time, Gupta contested the claim by saying
that if one is able to put a multi-functional team working together,
"one can beat the time." He said that Coke had successfully
launched new products - Georgia coffee through Mac Donald outlets,
which was the first all over the world.
Seth, of course, had to be different and he started of by criticizing
the present day marketing trends.
"Marketing has become more (of a) gimmick and less value,"
the multi-faceted ad man said, pointing out that present day marketing
lacked careful insight and sound fundamental marketing planning.
According to Seth, marketing was all about "creating customers
at a profit, or else it will minimize and not maximize share value."
Pointing out that present day marketing trends lacked sensitivities
of the society, he said that marketing was also about 'sensitivity'
and more importantly about 'sensitizing'.
The way forward for marketing to become successful was to handle
the twin parameters of market share and market profit judiciously.
Promotion for the sake of promotion is self-defeating as customer
loyalty was a misnomer. "Customers are benefit loyal",
he commented.
Marketing was also about enduring success. "It is not about
immediate gains. It is analysing, scanning and monitoring competition,"
Seth added, adding, it was the "time to look at marketing more
seriously and move from the border of hunch marketing
Earlier, Khambatta set the ball rolling by questioning the constant
bombardment of advertisements in television, celebrity endorsements,
promotions and the believability factor of ads, in the present day
scenario.
Khambatta said that the need of the hour was to go back to the
grass roots of marketing and asked the marketing gurus to look at
the Indian case studies, instead of studying the West. "It
is high time to look at India (market) differently," he said.
He advocated grassroots marketing as companies with Indian marketing
ethos are making a mark on the big stage.
Times Group, ED, Ravi Dhariwal initiated the discussion by asserting
that marketing is the engine, which drives the real objective -
the objective of profitable growth.
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