|
BRANDBALLING
Kickstarting the session was none other than Dan Weiden, who, completing
a decade as CEO Weiden & Kennedy, showcased a number of brands
he worked with and how each case was uniquely treated to solve problems.
With Nike Basketball, the task he had was re-establishing a relationship
for the disconnected target group. So, to position basketball as
a people's game and a game of self expression, Nike mixed hip-hop
and basketball, Going beyond traditional media, they partnered with
MTV and created a music video which was aired by MTV on several
occasions. This not only accelerated the interactivity of the TG
with the brand but also ensured phenomenal ratings for MTV. The
video then went on to becoming a viral and Nike Basketball emerged
as a leading brand in the sport of basketball in the US. To create
a platform to solidify the relationship with the street ballers,
Nike then conceptualized an event titled 'Basketball One on One'
and the promo of which ran on MTV. The battleground became a franchise
for Nike with MTV reaping profits as well with the popularity the
event gained.
Another example cited was that of Nameshibori Beer. The positioning
being fresh and alive, the agency created live programming on the
Internet for a year, with 50 TV spots and 101 radio spots to get
people to log onto the site. The whole campaign drove thousands
onto the site with beer consumption going up by leaps and bounds.
The next session highlighted the new age consumer and where they
were headed. Delivered by Venkat Ramaswamy, professor of marketing
at the university of Michigan, he essentially focused on the "next"
practices of value creation. "Everybody is sensing a very basic
and fundamental shift in business," said Ramaswamy. With increased
awareness, consumers today are highly networked with the Internet,
mobile phones and the rise of consumer to consumer communication.
He reiterated that it was time companies wake up and understand
that they can no longer create value for the customer, but need
to create value with the customer. Hence there has to be a constant
endeavour towards co-creation.
KRISHNANS IN A 'RATINGS WAR'
Talking about the Apple I-pod, he pointed out how Apple demonstrated
that Napster challenged the notion of choice. Going on to say that
supply chain is intact but the locus of value creation has shifted
the space of interactivity with consumers and other consumers. With
the control over brands diminishing, the future demands that a two-way
process for consumer interface be worked upon. Rapidly creating
new knowledge by learning from each customer and integrating it
with the firm. Moving to TAM (Television audience measurement) and
is it the best possible system, saw the two Krishnans at loggerheads.
The session conducted by LV Krishnan CEO, TAM and G Krishnan, CEO
Aaj Tak threw a lot of light on the current standing the television
rating system and its efficacy. While LV Krishna pointed out interesting
trends across various channels and markets, G Krishnan stressed
on the television measurement system being inaccurate and a lot
to be desired.
|