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Talking about the social economic changes, John Hariss director,
London School of Economics took a critical stance of the blurring
of geographies. He said that although globalization provided greater
inter-connectivity between markets, it has also brought out to the
surface the awareness and heightened the local identity. Globalisation,
he stated, also brings with it the eruption of ethnic political
conflict due to various factor. An instance Hariss cited was of
the job cuts due to restructuring of different MNC's and the angst
within people driving them towards the rightist political parties.
He candidly maintained that synergy between productive employment,
intensive growth with a balanced approach towards globalization
is where the current challenge lies.
Phiroz Vandrewala, executive vice president, Tata Consultancy Services
stressed on technology and its ability to connect. " The ability
to connect with a consumer is unsustainable without technology,"
he said. Retorting to Hariss's comments Vandrewala said, "Yesterdays
actors of globalization today adorn the masks of victims."
Agreeing to the fact that today's challenges are tough, Vandrewala
stressed on the fact that companies need to get back into the proactive
mode instead of being reactive and responsive to competition.
Moving on to the changing consumer, which seems to be the favorite
subject at most seminars these days, McCann president Santosh Desai
talked about the underlying changes that have actually contributed
in the making of the new age consumer. The new age consumer looks
at life as a product and not a condition. Consumers today are looking
at instant gratification. There is an immense need to be accepted
at the global scale. Yet there is an equal stress on the need to
sustain individual and ethnic identities. Money is being looked
as a source of energy and not a static concept.
Strategic management consultant Rama Bijapurkar stressed on how
the consumer has become his or her fickle self. She pointed out
that the fickle behaviour of the consumer has been a result of marketers
themselves. Loyalty shifts take place as value equations change
and value equations change all the time due to over increasing entrants
and pressures. The point Bijapurkar impressed upon was to identify
who is making the consumer fickle?
Moving onto building enduring brands, Bijarpurkar remarked about
companies not exploring all sources of advantage creation leading
to a delivery with communication gaps. This she said leads a consumer
to exerscise a brand shift.
Josy Paul head RMG David talked about insights in action and pondered
that it was all about observation and being an eye witness to life.
Madhukar Sabnavis, country manager planning O&M further commented
on insight building by citing the Cadbury example. The insight being
'there is a child in each one of us'. Cadbury is a childhood one
never grows out of. He said using the same insight, different cuts
have been used to drive home the same message. " Zoom in, Zoom
out," he said of the consumers psyche.
The panel discussion saw ICICI's Lalita Gupte, joint managing director
talk about ICICI and its success story on being a solid brand in
the retail market. Hi Design's president Dalip Kapur talked about
how a niche product like Hi Design managed to cut geographical barriers
by solely relying on the exclusiveness and the quality of the product.
A glittering awards ceremony 'The Brand Finale' concluded the first
day of the third CII Brand Summit. Nokia was announced as the CII
Brand of the Year. Other finalist were Titan, Eveready, Dabur, Indane,
Fair & Lovely, Lux, Ponds and Rin.
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