Markathon August 2012

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    Cover Story

    Indian Hockey

    In a marketing soup?

    August12

    Marketing Magazine of IIM Shillong Volume 4 | Issue 2

    An Interview with Mr. V. Satyanarayana Reddy

    Chief Executive Officer of Chennai Division,

    Apollo Hospitals Enterprise Limited

    An Interview with Prof. V. Srinivasan

    Professor of Management

    Emeritus at Stanford Business School

    MARKATHON

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    Dear Readers,

    It was loud, it was defiant; above all it was gloriously,

    tumultuously, spine-tinglingly British. Ninety minutes of

    dazzling theatre, dance, film and music; a mash-up ofcultural history delivered at breakneck speed, Danny

    Boyle's opening ceremony which set off the 2012

    London Olympics was a profoundly breathtaking

    spectacle. The Indian contingent - around 40 athletes

    and 11 officials in all - marched into the stadium with

    the men in yellow Rajasthani turbans, blue blazers and

    white trousers and the women in yellow sarees and

    blue blazers. We sure hope India shines this year at the

    London Olympics.

    With a streak of 6 Olympic gold medals, the Indian

    mens Hockey team remained unbeaten from 1928 to

    1956. And with a total of 8 gold, 1 silver and 2 bronze

    medals, Indian men's field hockey team is the most

    successful field hockey team in Olympic history. Today,

    its dismal state in India is as true a fact that it is the

    national sport of India. If we take to look at the reason

    for this, we can go on to list various pitfalls. We may

    even say that Hockey, as a sport, has been unfortunate

    because of various organizational and performance

    issues. But what if we say that problem lies in marketing

    of Indian Hockey? Our cover story this time focuses on

    this very issue and tries to address the shortcomings of

    Indian hockey, marketing style.

    To quote Col. John 'Hannibal' Smith from the A Team,

    I love it when a plan comes together. We would like

    to believe that Google is celebrating Markathon by

    displaying a very aptly themed doodle today, the day

    we release our magazine.

    For our corporate Vartalaap we have with us Shri. V.

    Satyanarayana Reddy, the Chief Executive Officer of

    Chennai Division of Apollo Hospitals Enterprise Ltd.

    Having joined Apollo in 1989, Shri. Reddy has a rich

    experience on over 23 years. He shares with us his

    valuable experience and the growth story of Apollo and

    the healthcare industry in India.

    We have another interesting personality for our

    academic Vartalaap, who became famous for using

    conjoint anlaysis for predicting job offers which

    students at the B-school would take up. Professor V.

    Srinivasan, the Adams Distinguished Professor of

    Management, Emeritus at the Stanford Business School,

    shares with us the finer nuances of conjoint analysis and

    market research.

    As always, we will try to improvise and ascertain that

    together we will learn and together we will grow. Do

    send in your feedback/suggestions to

    [email protected]

    What are you waiting for? Enjoy yet another incredible

    journey that we bring to you through this issue.

    Happy Reading!

    Team Markathon

    FROM TEAM MARKATHON

    THE MARKATHON TEAM

    EDITORS

    G S N Aditya

    Piyush Agarwal

    Mayur Jain

    Sowmya R

    Swati Nidiganti

    Umang Kulshrestha

    CREATIVE DESIGNERS

    Priya Kumari Agrawal

    Rushika Sabnis

    mailto:[email protected]:[email protected]:[email protected]
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    markathon | august 2012

    3

    CONTENTS

    FEATURED ARTICLES

    PERSPECTIVES

    MARKETING TO KIDS

    PULKIT PANDEY | IIM INDORE 4

    A UNIQUE BRANDING EXERCISETHE KAYA STORY

    NEHA KANWAL | IIM INDORE7

    SUBCONCIOUS TITILLATION 10

    AHANA CHAKRABORTY, RUBAYET CHAKRABORTY | NITIE MUMBAI

    VARTALAAP

    SHRI V. SATYANARAYANA REDDY

    CHIEF EXECUTIVE OFFICER OF CHENNAI DEIVISION, APOLLO HOSPITALS ENTERPRISE LTD.13

    COVER STORY

    INDIAN HOCKEYIN A MARKETING SOUP

    SONAM MEWAR, ARPIT TRIPATHI, RAHUL BARWE | IIM S16

    VARTALAAP

    PROF. V. SRINIVASAN

    PROFESSOR AT STANFORD BUSINESS SCHOOL23

    WAR ZONE

    EYE 2 EYEIS THE SUCCESS OR FAILURE OF MICROSOFT DEPENDENT ONLY ON ITS PRICING?

    PAYAL PATHAK | XIMB | RAM KRISHNA PANDEY | NIRMA26

    SILENT VOICE

    NEXUS 7 27

    SPECIALS

    ADDICTED 28UMANG KULSHRESTHA & G S N ADITYA | IIM S

    BOOKMARK 29

    SOWMYA R | IIM S

    RADICAL THOUGHTS 30

    PIYUSH | IIM S

    UPDATES

    G S N ADITYA | IIM S 32

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    perspective markathon | may 2011

    Pulkit Pandey | iim indore

    Gone are the days when parents

    used to take their children for

    shopping. With changing times,the trend seems to have been

    reversed and this has certainly

    not escaped the marketers

    notice. Today the role of children

    in purchases is no longer limited to products that

    directly influence only them. Children are now directly

    or indirectly involved in the purchase of a large number

    of products concerning the entire family.

    Factors Contributing to the Changing Trends

    A number of factors have contributed to the change. An

    increase in the overall household family incomes has

    been one of the major factors. Couples nowadays

    prefer having children only after they have achieved

    stability in their careers and are financially well-off. The

    emergence of nuclear families has also played a major

    role in the shifting of the

    buying patterns of

    households. This trendwhen coupled with the fact

    that both parents are

    usually employed explains

    the liberty given to children

    in purchase decisions. The

    tendency to please their

    children stems from the

    guilty feeling that parents

    have because of not being

    able to spend enough time

    with their children due to

    their work commitments.

    The increased exposure to

    television and internet is

    also a major factor. The

    time spent by children on

    both television and internet

    is significant and is also one

    of the direct consequences

    of the lack of parental

    control due to the parents

    jobs. This has resulted in parents increasingly giving in

    to the pestering of their children.

    Psychological Aspects of Kids Marketing

    Marketers have been trying to understand the

    psychological implications of the above changes. They

    have seen the reversal of trend as an opportunity and

    have been quick in making attempts to capture this

    growing market. The seemingly simple domain of child

    psychology has been studied extensively and has

    resulted in innovative means of reaching the potential

    targets.

    Marketers have tried to tap into the desire of the child

    to be seen as an adult. The attempt to get the brands

    embedded into the subconscious mind of the child has

    also resulted from these analyses. Even here, marketers

    recognize that brand association is more important with

    older kids and younger children are more attracted to

    the product characteristics.

    In addition, companies

    have now realized that this

    market has an even

    greater potential than

    other markets. Families on

    thrifty budgets would have

    parents cutting down on

    their own luxuries so that

    they can cater to the

    needs of their children.

    Marketers have also

    worked on understanding

    the parents expectations

    from the products and the

    desire of parents to see

    their children learn and

    grow. This has resulted in

    campaigns where the

    parents needs are also

    taken into considerationand which results in a

    purchase from their side.

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    Role of Children in Purchase Decision

    There are different roles children play in the purchases

    done by the family. They can act as primary purchasers

    where they buy products for themselves. This would

    include food items such as chocolates, chips, biscuits

    and ice-creams; clothes and accessories like watches

    and goggles; sports items and video games; and study

    related stuff. This is a huge market in itself. In addition

    to this, the role of children as influencers has become a

    lot more prominent. They have their views on almost all

    purchase done by the family and are in a position to

    influence the decisions taken. Finally, children are seen

    as future purchasers and marketers often like to build

    brand loyalties from their childhood. An investment in

    this market can yield positive returns in future.

    Means of Marketing

    to Kids

    Marketers are now

    coming up with

    increasingly

    innovative ways of

    advertisement to

    kids. The traditional

    way of advertisements has also become polished over

    the years. There is an attempt to pass along a message

    in each and every advertisement/promotional means

    and this slowly leads to the development of permanent

    brand associations. People often relate to Complan as a

    milk drink that helps in increasing childs height.

    Similarly ParleG, by means of its G for

    Genius campaign, tries to

    position itself as a product which

    is associated with the

    intellectual ability of the

    children.

    Another popular means by

    which marketers target children

    is by trying to create brand

    associations by using sources children

    can relate to. Frequently, cartoon characters are used in

    advertisements. Popular idols from Bollywood and

    Sports often feature in advertisements targeted at

    children. Saif Ali Khan and M.S. Dhoni are the brand

    ambassadors of Lays and Sachin Tendulkar appeared in

    Boost commercials for a long time.

    Apart from television and print advertisements, other

    means are employed by marketers in

    their attempt to target children.

    Some of the brands have a small

    comic strip in popular children comics

    and magazines. The concept of giving

    freebies has beenexploited by a large

    number of

    companies in

    attracting children to

    their products. The

    toys given free

    with Happy Meals by

    McDonalds is a

    popular example.

    With the increase in

    the use of internet by

    children, companies

    by use of proper positioning in websites visited

    often by children (like online gaming sites) make

    sure they catch the desired attention of children.

    Online contests are held to create brand awareness by

    increasing competition and hence participation. Apart

    from this, companies also take part in a number of

    promotional activities in schools and other popularhubs like malls. Bournvita quiz contest was started with

    this aim and at present has successfully expanded to

    the national level.

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    Other innovative measures have also been undertaken

    by companies. One concept that has evolved in recent

    years is Buzz Marketing. The

    companies try to create a

    new trend which is actively

    followed by other children.

    Children have a tendency to

    appear cool and imitate

    others who appear so. Thus

    marketers attempt to target

    those children who act as

    trend setters among peers

    and this can itself diffuse

    through to other children.

    Another innovative idea wasemployed by Honda in the recently concluded Autoexpo

    in Delhi. The company involved children in contests at

    their location and in the meantime parents were

    detailed about the various offerings.

    Ethical Considerations

    With the increased exposure of children to advertising,

    there is always a tendency of

    companies to resort to unethical

    means in order to increase their

    profits. Children, especially

    younger ones, take what they

    observe as true and unbiased

    facts. Thus there is an increased

    need of regulation and prudent

    decision making by the

    companies. Parents too have a

    major role to play in this regard.

    A few positive steps have beentaken by companies in recent

    times. A significant example is

    the announcement by major food

    and beverage companies like

    Coca-Cola, Pepsi, Nestle and

    Kellogg about their commitment

    to responsible marketing to

    children. Self-regulation

    measures like these can go a long

    way in helping companies tap

    into this huge market without

    compromising on ethical

    conducts.on the other hand HLL

    targeted premium segment as it has always done in

    foreign countries. Neither of the two parties tried to

    invade into other segment until

    they realized that the other

    segment will just add to their

    profits and economies.

    Indian market is very unique. It

    is rightly said that there are 2

    Indias within India - the urban

    and the rural India. The urban

    India has always been the

    favoured segment for the

    MNCs due to the ease of

    approaching this segment but

    now rural India has shown thatthe secret to success lies in the penetration power of

    the companies. The deeper you go to market through

    innovative ways the more are your chances of success.

    Supply chain management will help to bridge the gap

    between the two Indias and will further bring

    economies of scale for both foreign and Indian brands.

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    Neha kanwal | IIm indore

    Introduction

    Into its 10th year ofexistence now,

    FMCG biggie

    Maricos subsidiary

    Kaya Skin Clinic has

    recently undergone a

    rebranding and

    repositioning setting,

    an example which is

    nothing short of a

    hot topic of

    discussion for

    budding managers.

    While the results of

    the rebranding are

    yet to be seen, the

    efforts sure seem to

    quickly change the

    consumer perception

    of the brand.

    Kaya Skin Clinic has been the prime

    mover in a segment that it created in

    2002, that of organized skin clinics.

    Competing with the large unorganized

    sector, the company has been facing

    financial losses from the time of its

    inception and till now not been able to

    get rid of the red since it entered theIndian skin care market which is sized

    INR 1850 crores today. However times

    are bound to change for the skin care provider as it

    takes on a new persona.

    The journey till 2011

    Marico was initially presented with an idea of selling

    laser hair removal machines to dermatologists. Doctors

    however, did not like the idea. But what got triggeredwas the realization that the market for skin care needs

    was growing and there was a space between doctors

    and beauty parlors. Kaya was the answer to this space

    and that was the positioning of the brand in the first 9

    years of its existence to provide solutions to skin

    problems faced by consumers hence the name clinic.But as the business grew from scratch to a turnover of

    close to 300 crores, there were some consumer insights

    that prompted them to change their strategy.

    Triggers for change

    Kaya today has more than 80 clinics in 26 cities and all

    are company owned. They are the largest employer of

    dermatologists in India and do not follow the franchisee

    model owing to the sensitive nature of care offered.

    However the word sensitive has been the pain point

    for the brand. Targeting females of age group 21 45

    for skin care solutions, there were some interesting

    consumer insights that came up during discussions with

    the TG. Some of the reasons mentioned by females for

    not going to or referring Kaya to others are mentioned

    as under:

    Revealing the new Kaya

    Down goes the clinic and we have a new and bold

    avatar of Kaya with a new tagline to adorn the new

    persona.

    Beautifully crafted, the new look of the logo in itself

    answers various doubts that females had related to a

    skin clinic. Consider a college girl going to kaya for skin

    care services when she gets a call from her mother

    asking her where she is. The answer would aptly be

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    Kaya and with the clinic part being downplayed, it

    should no longer be a matter of hesitation for the

    females to admit going there.The change of color to a dark

    Burgundy symbolizes richness

    and expertise while the rounded

    edges symbolize care and

    warmth.

    The new color scheme was first

    introduced in the Hyderabad

    Centre and it wasnt just used

    for the hoardings but also to

    create the inner ambience of the

    Centre signifying that Kaya was a

    beauty and wellness solution for

    the skin. It is safe to say that the

    new look does justice to the premium

    positioning of the brand.

    It is interesting to note that the process of zeroing down

    to the burgundy color was not driven by consumer

    insights like other re-positioning moves. It was the

    marketing team of Kaya that shortlisted a few color

    schemes and then confirmed their choice by asking

    consumers on what would impact them more. Needless

    to say, the result is a complete makeover of the brand

    which we are witnessing today.

    Evolution of consumers

    The market for cosmetic surgery,laser treatment and other high

    end skin services is growing at the

    rate of 10% a year according to the

    head of Department of

    Dermatology, Bangalore Medical

    College and Research Institute.

    These services which were earlier

    availed only by the aged who

    wanted to look younger are now

    being taken up mostly by the

    youth. People who were children in

    the early liberalization phase are

    now in their 20s and 30s and having

    lived in the era where being presentable is very

    important. They dont mind spending extra bucks to

    look beautiful. Add to it the growing disposable income

    of the population and you get a clearer picture of why

    Kaya was a wonderful business initiative by Marico.

    Apt use of media

    In terms of media,

    skin care being a

    high involvement

    category, women

    seek a lot of

    information before

    availing such

    services hence it was

    important for Kaya

    to use the media

    that hits the TG at

    the right spot and so

    they focused a lot on

    high engagement

    media such as social

    media, internet,

    print and outdoor.

    Kayas advertisingspend went up from

    5% in 2010 to 10%

    for the current

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    campaign. Mass vehicles such as TV were not used till now but with the change in

    positioning to a complete skin care beauty solution

    brand; Kaya launched its new TV Commercial in June

    targeting women who want to look beautiful indicatinga complete game change.

    The chart below shows the involvement levels against

    price and with Kaya being a premium prices service with

    the most expensive service touching INR 1.6 Lacs, the

    consumers will sure seek all the information they can

    before deciding to pay a visit.

    The road ahead

    Kaya is set to change the retail identity of all its stores

    and also bring about a change in

    product packaging and even

    possibly in its distribution. We

    might see Kaya products adorning

    the shelves of some high end

    retail stores in the future.

    Whatever the upcoming changes

    may be, its pretty sure that the

    change in consumer perception is

    there and it seems that Kaya has

    hit the right chord now. While we

    wait for the measurable to be

    recorded, let us continue to learn

    from this unique re-branding

    exercise which is being executed

    by undoubtedly one of the bestmarketing companies in the count

    Comparison of Kayas old and new clinic ambience

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    Ahana Chakraborty, Rubayet Chakraborty| NITIE, MUMBAI

    Surely you are familiar with this ringit is the famed

    One Ring to Rule them All from Lord of the RingsDo

    you see Coca Cola etched on the side? Not apparentat first. But once youve seen it, youll probably be

    thirsty for a coke. Thats exactly what Coke wants .this

    is a sample of their subliminal advertising.

    Coke has been using subliminal advertising for decades.

    In the 1980s Coca-Cola reintroduced its contour bottle

    in South Australia with the slogan Feel the Curves!

    The poster ad was recalled after the company

    discovered the artist had hidden some rather obvious

    sexual imagery in one of the ice cubes surrounding the

    bottle of Coke. In yet another episode, Coke featured

    the silhouette of a naked woman lying on top of its

    cans. This imagery is not overt, it is meant to touch an

    individuals subconscious.

    The term subliminal is derived from the Latin words

    sub, meaning under, and limen, meaning threshold. A

    subliminal message is not delivered directly. It is

    typically embedded in some medium that is not

    perceptible by the conscious mind. The extent to which

    these messages influence buying behavior has not yet

    been established. However, research has shown that on

    certain occasions signals delivered below the conscious

    threshold of an individual may have an effect on his

    later thoughts and actions.

    Marketers have not let this opportunity go waste.

    Subliminal marketing practices were experimented

    with, as early as 1957 when a market researcher named

    James Vicary inserted the words "Eat Popcorn" and

    "Drink Coca-Cola" into a movie. The words appeared for

    a single frame, long enough for the subconscious to pick

    up, but too short for the viewers to be aware of it. The

    subliminal ads supposedly increased Coke sales by

    18.1% and popcorn sales by 57.8%. It was later proved

    that these results were probably faked.

    But what is it that may make subliminal marketing

    work? One is the mere exposure effect. Simply by

    exposing a person to certain stimuli for long, breeds

    familiarity and subsequent liking for the stimuli. This is a

    common strategy for all marketing campaigns that

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    strive to enhance visibility to customers. But in todays

    world where we build our defenses against the 10,000

    ads we are exposed to everyday, fighting for consumer

    mind space is a challenge. This is when attacking at a

    subliminal level emerges as an option.

    Perhaps the most visible element of a brand is its logo.

    So why not design logos in such a way that they

    communicate more than whats apparently visible?

    Some companies such as Amazon and FedEx have

    achieved great success with this strategy.The yellow arrow on Amazons logo may not look much

    more than just a smile on the customers face. But

    theres also a deeper message embedded in the clever

    positioning of the arrow running precisely from the

    letters a to z. This positioning conveys Amazons

    message that it sells everything from A to Z on its online

    store. A less obvious but brilliant message is hidden in

    the logo of FedEx. An arrow forms between the letters

    E and x that conveys the speed and reliability

    provided by the courier service.

    Apart from logos, advertisements also form a tool for

    delivering subliminal messages to consumers. Consider

    the 2000 US presidential race, where TV commercial

    created by George Bush's campaign team, used this

    type of subliminal messaging to deride opponent Al

    Gore. When the phrase 'BUREAUCRATS DECIDE'

    appeared just after Gore's name was mentioned --

    'RATS' flashed up for a fraction of a second. At such a

    speed, the bold lettering was scarcely perceptible

    except to the subconscious mind.In a similar incident in 2007, a Mc Donalds logo,

    complete with the slogan Im loving it had appeared

    in a single frame at the end of the show called Food

    Network's Iron Chef. Similar is the case with Disney,

    which attempted to use subliminal imagery by making

    the silhouette of Captain Jack Sparrow in posters closely

    resemble that of the iconic Mickey Mouse. The idea

    here was to evoke an emotion for Pirates of the

    Caribbean, similar to the one for Mickey Mouse.Apart from repeated exposure, what may make

    subliminal advertising work is their invariable link with

    sex and power. An unchallenged marketing belief is that

    sex sells. Advertisers use this aspect of human

    psychology by associating their products with sexy

    imagery hoping that it appeals to the consumers

    subconscious minds. Ads with sexual implications have

    been used by many companies, including Burger King

    and Heineken.

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    Perhaps the best example of subliminal advertising in

    recent times has been done by Marlboro. Following the

    ban on advertising tobacco at international sporting

    events, Marlboro released the Scuderia Marlboro F1

    single-seater Ferrari racecar with a barcode on it. The

    barcode looks a lot like its logoparticularly when it

    whizzes by at 200

    mph!

    As is evident,

    marketers spend

    significant time,

    energy and money

    pursuing this path.

    But do these

    subconscious

    messages really

    work? Scientific

    research in this

    domain is still at a nascent stage to provide a

    concrete answer. The studies conducted so

    far are ambiguous and contradictory. In a

    study, participants ratings of thirst were

    higher after viewing an episode of "The

    Simpsons that contained single frames of

    the word "thirsty" or of a picture of Coke can.

    In another case, 80% of participants displayed

    a preference for a particular brand of rum when

    subliminally primed by the name placed in an ad

    backwards. On the contrary, research conducted

    elsewhere has shown that subliminal messages produce

    only one-tenth of the effects of detected messages.

    Marketers seem to have given the benefit of

    doubt to consumers in their attempt to try

    anything to woo them. In fact, subliminal

    messaging has not remained confined to visual

    stimuli. Auditory stimuli have also been used

    the best example being self-help audio tapes

    that claim to have a placebo effect on people

    with self-esteem and memory disorders.

    Another evolving domain is Scent Marketing,

    where firms like food shops use synthetic

    fragrances to make

    customers mouths

    water. Few know

    that new cars do

    not smell like plastic

    and metal they

    are sprayed with oil

    or leather

    fragrance. In fact,

    fragrances are alsoused to build brand

    identification and

    strong sensory

    association by

    hotels like Sheraton and Hyatt. It is on these lines that

    products like scented socks, CDs, USB sticks and papers

    have been introduced into the market.

    Whether or not these hidden messages truly make us

    crave for stuff, as long as marketers persist in theirefforts, having strawberry scented socks is a delightful

    prospect indeed!

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    Vartalaap markathon|august 2012

    An Interview with Mr. V. Satyanarayana Reddy

    Chief Executive Officer of Chennai Division, Apollo Hospitals Enterprise Limited

    Shri. V. Satyanarayana Reddy serves as the Chief Executive Officer of Chennai

    Division of Apollo Hospitals Enterprise Ltd. Shri. Reddy has done his B.sc in

    Agriculture and there after went on to do MBA and Mphil. He served as Chief

    Executive Officer of Apollo Hospitals Enterprise Ltd and has been the Chief

    Executive Officer at Apollo Gleneagles Hospital Limited since August 2006. Shri.

    Reddy joined at Apollo Hospitals Enterprise Ltd. in April 17, 1989 and has 23

    years of valuable experience which he shares with us in an insightful discussion.

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    Vartalaap markathon|august 2012

    Today, Apollo Tele-Network

    Foundation has emerged as India's

    single largest turnkey provider in the

    area of Telemedicine with over 125

    peripheral centers including 10

    overseas. More than 71,000 Tele-

    consultations in 25 different

    disciplines have been provided.

    Patients have been evaluated from

    distances ranging from 200 to 7500km

    Markathon: Having seen the

    inside and out of health care

    industry and Apollo for over 23

    long years, how do you think this

    industry has evolved over the

    period of time?

    Shri. Reddy:Before Apollo came

    into existence, health care

    industry was run only by

    government sector, nursing

    homes and Trusts. During the

    1980s super specialty facilities

    were not available. Dr. Prathap C

    Reddys vision not only brought technology but also

    gave health care sector an Industry standard enabling

    the financial institutions investments possible. Today

    it is an over 40 billion USD sector. PE and VC

    activity has also been increasing in the last

    couple of years. Indian hospitals today are

    on par with International standards.

    Apollo Hospitals are JCIA

    Accredited. Clinical outcomes

    successes have increased

    with latest technologyusage. Clinical

    research in many

    specialties has

    led to

    improved

    disease

    management and

    patient care, reduced

    ALOS, better BTR (Bed

    Turn Over Rates) making

    healthcare delivery more

    sustainable. Awareness on

    diseases and Preventive medicine

    is taking shape nowadays. Recently an

    American has to go to Apollo for a Heart

    transplant, considering the cost difference giving

    rise to increasing medical tourism. This is a drastic

    change if compare it with the past, say two decades

    back, where Indians used to go to US for cardiac

    diseases.

    Markathon: Today there are a

    number of players emerging in the

    premium healthcare segment.

    What strategies does Apollo

    employ in this dynamic scenario to

    stay ahead of the competition?

    Shri. Reddy: Firstly, Hospital bed

    density is still inadequate in India

    and lags behind the global

    average. There is a huge gap

    between supply and demand.

    Frankly there is no competition for

    Apollo in the health care segment,

    including the premium healthcare segment.

    Infrastructure and qualified clinicians are the key

    resources in the health care segment. Apollo always

    had the best physicians and latest technology

    making competition irrelevant.

    Markathon: What are the underlying

    values which makes Apollo such a

    strong brand in the hospital

    space?

    Shri. Reddy: Being

    patient centric is not

    a goal; its the

    core of the

    existence

    for Apollo.

    Tender Loving

    Care is the way of

    life we promote.

    These three simple words

    that have a profound impact

    on everything Apollo does.

    Based on this theme, Clinical

    and Service excellence is

    something which Apollo never

    comprises on. Apollo hospitals have been one

    of the pioneers of the technological revolution in

    healthcare to enhance the clinical outcomes, be it

    introduction of robotics or Apollo 320 slice CT scanner

    or the cyber knife technology. It reflects the quest forpatients experiences that Apollo thrives for. That is

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    another value which makes Apollo the choice for

    customers. Family culture in Apollo makes every

    employee to go an extra mile to protect the

    organizational values and deliver them to the best of

    customers expectations.

    Markathon: It is said that Education and Healthcare are

    two forces which can change the face of rural India.

    Though, technology enabled means such as mobile

    healthcare and telemedicine have made rural India

    more accessible, but is it really able to reap benefits out

    of these advancements? What are the challenges that

    Apollo is facing in this effort of reaching out to the rural

    people?

    Shri. Reddy: The first step towards Telemedicine was

    starting Rural Telemedicine centre in 1999 in Aragonda

    (in Andhra Pradesh). Today, Apollo Tele-Network

    Foundation has emerged as India's single largest

    turnkey provider in the area of Telemedicine with over

    125 peripheral centers including 10 overseas. More

    than 71,000 Tele-consultations in 25 different

    disciplines have been provided. Patients have been

    evaluated from distances ranging from 200 to 7500 km.

    The advancement in technology has really helped to

    penetrate in to rural India.

    The challenges for Apollo in reaching to rural and semi

    urban lies in cost of technology. However Apollo also

    successfully ventured in to semi-urban and rural areas

    to provide quality tertiary healthcare through Reach

    Hospitals. Apollo Reach Hospitals operate in tier-II cities

    and offer medical care at rates up to 30 per cent lower

    than what is charged by other major hospitals and won

    G20 Challenge on Inclusive Business Innovation.

    Markathon: Medical Tourism has seen a steady rise in

    our country. How is Apollo benefitted from it and is it

    taking any measures to create more visibility at a global

    level?

    Shri. Reddy: Medical tourism has seen a steady raise in

    the country and contributes to 2 billion USD market

    size. Increased healthcare standards, latest technology,

    promising clinical outcomes and relatively low costs are

    favoring the medical tourism industry in India. Apollo

    gets its patients from across 120 countries. Apollo has

    tie ups with various governments and ministries to

    promote its world class offerings. Apollo has also global

    partners to provide information, support and to

    coordinate the visits of International patients in US,

    Canada, Ethiopia, Nepal, UK, Japan, Mauritius, UAE,

    Kuwait , Saudi Arabia and many other places.

    International Patient Services is a dedicated department

    at Apollo to take care of the International patients.

    Markathon: Considering that Apollo is planning to

    adopt a retail model to expand healthcare offerings,

    what are the potential challenges and opportunities

    that you foresee in this strategy?

    Shri. Reddy: The plan to adopt a retail model is to reach

    out to the masses. Apollo has already been in retail

    space through pharmacy chains and is starting a

    national chain of clinics that will total 200 units in three

    years. The initiative will target the middle and upper

    class segments. Clinics will be set up in neighborhoods,

    malls and SEZs. This strategy would help Apollo to

    penetrate in to market and also provide primary care to

    the masses. The opportunities are huge as the target

    segment has immense potential and challenges lie in

    providing quality health care at the affordable cost for

    customers. However having over 25 years of experience

    in the healthcare segment we are confident that we will

    be able to meet our objectives.

    Markathon: What is your advice to budding marketers

    reading this magazine?

    Shri. Reddy: Today customers know more than

    marketers. Thanks to technology!! Know your product

    or service in detail before you promise a customer and

    deliver what you have promised is the key to success. At

    Apollo we promise on clinical outcomes, service levels

    and compete only on it. When you market what the

    product/service stands for with authenticity success is

    all yours.

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    Cover story | Indian Hockey in a marketing soup? markathon|august 2012

    1

    Indian Hockey - In a marketing soup?

    Arpit | Sonam | Rahul

    IIM S

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    Introduction

    Today, its dismal state in

    India is as true a fact

    that it is the national

    sport of India. But,

    hockey, yes! our

    national sport, had long

    served the appetite for

    live entertainment of

    Indian spectators. It was

    a tool to satisfy our

    craving of world

    dominance. With a

    streak of 6 Olympic goldmedals, the Indian

    mens Hockey team

    remained unbeaten

    from 1928 to 1956. And with a total of 8 gold, 1 silver

    and 2 bronze medals, Indian

    men's field hockey team is the

    most successful field hockey

    team in Olympic history.

    Indeed, a team of hockey

    legends and wizards. And, it

    would be a sin, not to mention

    about Major Dhyan Chand,

    whose astounding skills have

    been made into anecdotes

    that continue to awe and inspire the world. But the

    current state is not the same, not even close. Consider

    this, India didnt qualify for the Olympics in 2008

    (Beijing), first time since 1928. So much for our world

    dominance or so much for our glorious past. This trendhad to show on the fan following and public support for

    Indian Hockey and show it did. If we take to look at the

    reason for this, we can go on to list various reasons. We

    may even say that Hockey, as a sport, has been

    unfortunate because of various organizational and

    performance issues. But what if we say that problem

    lies in the marketing of Indian Hockey?

    Let us first investigate what we mean by marketing

    here. Marketing as a concept has evolved over the time.From focus on production, to that on product, to that

    on selling, we now talk

    about focus on sense-and-

    respond and Holistic

    Marketing. The essence of

    sense-and respond is

    being customer-centered

    and that of Holistic

    Marketing is realizing the

    breadth and

    interdependencies of

    marketing activities. Now

    let us see how marketing

    went wrong for Indian

    Hockey and how right

    marketing can improve thestate of Indian Hockey?

    Let us view the Indian

    Hockey as an organization, where authorities like

    Hockey India or Indian Hockey Federation run the show.

    The product is hockey matches and tournaments. And

    the consumer, interestingly, is both the spectator and

    the prospective hockey player. There are other partners

    and stakeholders too, about whom well discuss later.

    This organization has taken a few steps to sell itsproduct. For instance, introducing the league format

    Hockey in India in 2005 by the name of Premiere

    Hockey League. It was aggressively publicized as well.

    But it never went popular, or at least as popular as was

    expected. Or, by the analogy, the product didn't sell.

    The marketing issue here is that the organization is

    stuck with the selling concept, i.e. to publicize and

    advertise the product to ensure that it sells. And this is

    where the marketing plot is missed. We need to see

    through the sense-and-respond concept; we need to

    make Indian Hockey the way the Indian spectator or an

    Indian child looking to become a sportsperson would

    want. A spectator of hockey, for that matter spectator

    of any sport, has two primary expectations. First,

    obviously, is to see his side win the game and the

    second is to witness closely contested games or as they

    are called nail-biting thrillers. While the latter

    expectation is still met, the former is becoming a distant

    dream. And this is the reason why once a religiously

    followed sport is now not given second look. And this

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    itself is the reason

    why hockey

    doesnt attract

    prospective

    players anymore.

    But now the billion

    dollar question is

    how do we make

    the Indian Hockey

    team win? As we

    said, the answer

    lies in right

    marketing and in

    this case it's

    'HolisticMarketing'.

    Holistic Marketing, as has been mentioned, derives its

    strength and synergies from the interdependencies of

    the breadth of activities taken up by an organization in

    the name of marketing. There are four broad

    components that characterize Holistic Marketing:

    relationship marketing, integrated marketing, internal

    marketing and performance marketing. Through these

    four pillars holistic marketing ensures that themarketing objective, as derived from the sense and

    respond concept, is achieved. For now our objective is

    to get Indian Hockey back on track or to put it bluntly,

    to get Indian Hockey team win the game more often.

    Let us see how Holistic Marketing ensures this.

    Relationship Marketing

    It is based on the idea of developing

    a long term relationship with thekey constituents of our business

    who directly or indirectly affect

    the success of marketing

    activities of our organization.

    There are four key constituents

    from the view of relationship marketing:

    customers, employees, marketing partners

    (channels, suppliers, distributors, dealers,

    agencies) and financial community (shareholders,

    investors and analysts). If we take the context of Indian

    Hockey, we have

    already discussed

    about the

    customers- the

    spectators and the

    prospective player.

    To the spectator the

    best benefit, as

    already discussed, is

    to see a good game

    of hockey and, more

    often than not, see

    his team win the

    game. This would

    ensure a sustainedsupport and loyalty

    of this customer. And if there is support of the spectator

    to make hockey popular, the prospective player

    (another customer) would be attracted to hockey.

    Looking at the employees, our organization analogy

    would map various zone, state and other boards

    members, the staff in these bodies, the stadium and

    venue staff etc. as the employees of Indian Hockey.

    Being governmental bodies, there are all the chancesthat bureaucracy would be pervasive. This definitely

    locks up the scope of improvement for employees. But

    what can be looked at is the establishment of a basic

    benefits structure for the employees with a

    communication that Indian hockey is

    committed to the benefit of its stakeholders.

    The other line of employees, rather more

    important ones are the players,

    coaches and support staff in the

    sport of hockey in India, right

    from the zone to the national

    level. As an organization, their

    prosperity has to be of prime

    importance. It can be ensured by

    practicing good remuneration,

    facilities and schemes for them. This

    would ensure a long term relationship and

    commitment by these employees. And this

    endeavor would directly show at the

    performance of the Indian Hockey.

    Customers

    Employees

    Marketing Partners

    Financial

    Community

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    Marketing partners look for the long term sustainability

    on the business that partner with and financial

    community looks at the returns. Objectives related to

    these constituents of our business would be de facto

    met with the improvement in the performance of the

    Indian Hockey team.

    Internal Marketing

    Holistic marketing

    also ensures that

    each member of

    the organization is

    aligned to the

    same mission and

    vision.

    Appropriate

    marketing

    principles should

    be followed all

    over the vertical

    and horizontal

    level.

    Applying the

    concept of internal

    marketing to

    Indian hockey we

    find major

    loopholes. Indian

    Hockey has two governing bodies: Indian Hockey

    Federation and Hockey India. With international

    recognition to Hockey India from FHI but the local

    support to Indian hockey Federation creates a lack of

    strong leadership at the top. Though the major powerlies with HI after successfully conducting great world

    cup but local state associations are still more loyal to

    IHF, which made Nimbus chose to partner with the later

    for World Series Hockey. This initiative was as a result

    was discouraged by FIH. This further demotivates the

    players. The situation has further worsened by lack of

    proper pay and incentives to the players. Thus, absence

    of a visionary senior management has left a lot of scope

    of improvement in the internal functioning. Though, the

    hiring of foreign coach, Micheal Nobbs has produced

    some successful results.

    Internal marketing ensures that the marketing efforts

    are supported and appreciated all over the

    organization. Any marketing plan shall only be

    successful if its a comprehensive approach of

    packaging, promoting and delivering the game to the

    consumer to fulfill their need; entertainment. It

    confirms the basic

    preparedness of all

    the employees to

    serve the

    customers and

    promise excellent

    service. Thus,

    hiring and training

    also become

    crucial. Past

    incidents like that

    of 2008, where IHF

    Secretary K.

    Jothikumaran was

    caught in a sting

    operation takingbribe for including

    a player in the

    team has created a

    negative

    environment. Not

    to mention again what happened in Beijing Olympics

    2008. Transparent approach should be followed while

    selecting players. Former captain Dhanraj Pillay has

    quoted one of the reasons to quit was the lack of

    respect to captain in the team. According to him,

    captain had a little say while choosing the team and at

    the same time he was not even consulted for important

    issues related to his team. All these practices discourage

    and lower the spirit of the team. The proper training

    and hiring of the employees are also vital for internal

    marketing. The appointment of foreign coach, Micheal

    Nobbs, has brought some new hope among the players.

    The team has produced some successful results in past

    and looking for London dreams under his guidance.

    Such initiatives, of hiring appropriate talent and training

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    IntegratedMark

    eting

    Primary target market

    Spectators

    Players

    Coach

    Other staffs

    Secondary target market

    Corporate Sponsors

    Advertisers

    creates a big impact on any organization. Indian Hockey

    should also focus more on their internal training and

    camps for assuring that our players meet the

    international standards.

    Integrated Marketing

    Integrated marketing is about creating, communicating

    and delivering value to a target market. But

    who is the target

    market for a sport like

    hockey? One will say

    its the spectators and

    the prospective players

    or we may say the

    consumers. A course

    on sports marketing

    will tell you that there

    are more than just the

    spectators that need to

    be marketed. Other

    than the spectators we

    have participants

    including the players

    who play the sport, the coach who train them and othersupport staff. These are the primary target market. The

    secondary target market could be the corporate

    sponsors who use sports to communicate positive and

    distinctive image about their products and company to

    large group of spectators or it could be the advertisers

    who use this platform to promote and communicate

    their products. Also, there exists a big secondary market

    in the form of players endorsements of products where

    companies use sports personalities and celebrities to

    create better consumer perception towards their

    products. Let us look each of them one by one by

    defining the marketing goal and how it can be achieved.

    Starting with players and coaches, their need is

    recognition and, of course, money. Though

    tournaments like World Series Hockey (WSH)

    tournament, league format conceptualized recently,

    provide a great platform for players to get recognition

    and also earn money, they have failed miserably due to

    organizational conflicts between HI and IHF. The

    marketing goal here is not only to attract right talent

    but also to encourage more youngsters join and

    embrace the game. But we find in India, every

    youngsters role model is a Sachin or a Dravid and not

    a Prabjhoth or a Dilip Tirkey. How can we change

    this? We see players like Sachin and Dravid regularly

    attending public

    conferences;

    interact with

    youngsters in

    schools and

    colleges but we

    dont often see

    hockey players

    doing the same. Weneed our hockey

    champions to

    engage more

    closely with our

    society, if possible

    on social causes to

    create connect with

    the youngsters.

    Also, we need more

    school and junior college level tournaments which

    encourage youngsters to play hockey. Yes, the recent

    announcement of INR 5 lakh grant by Hockey India to

    each of its State Associations towards organizing senior,

    junior, sub-Junior level tournaments and school level

    tournaments for the first time since the start of men

    and women hockey from 1927, is a good sign but

    probably a bit late.

    One of the most important target markets, of course, is

    the spectators which include not just the people who

    come to watch the match in the stadium but also the

    television viewers, people following the match on radio

    or newspaper. Who are our spectators? In a broad level

    they are the youngsters who seek entertainment and

    who generally dont take much time to switch to other

    entertainment sources. Some consumers may not be

    specifically attracted to the core product which is

    hockey, but to the way in which the core product is

    packaged. For example, music, half time promotion,

    good commentators and other entertainment can be

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    Performance

    Marketing

    Financial

    Accountability

    Social

    Responsibility

    marketing

    important factors for encouraging people to watch the

    match. As a marketer one needs to look at the behavior

    of the consumer which could be done through a

    thorough market research keeping into account the

    demographics, the Psychographics and other traits of

    the consumer. For instance, hockey sticks are often

    projected as a tool for aggressive behavior at college.

    Can we use this notion to project to our youngsters that

    hockey stick is for playing and not for fighting and we

    need them to play our national sport. Such market

    research will help in finding the right way to

    communicate to the spectators. There is a need to

    brand Hockey as a sport. Like golf is seen as the game

    for professionals and is used often as a tool of

    interaction by businessmen and other eminentpersonalities, we need to brand hockey may be a team

    sport to be viewed with friends or something. Based on

    it, we can provide college bulk discounts to spectators.

    The idea is to connect with the people. We can even

    broadcast local games in local languages to connect

    with the local people. The National Basketball

    Association (NBA) and Major League Baseball (MLB)

    have many of their games broadcast in languages

    spoken in Hispanic and Asian cultures.

    We also need to engage with sponsors and advertisers.

    They are the ones who

    bring money into the

    game. Recently, Sahara

    India felicitated Indian

    hockey team with a cash

    incentive of INR 1.12

    Crore for their brilliant

    performance in FIH

    Olympic qualifiers. This

    shows we have a very

    committed national

    sponsor in the form of

    Sahara India Pariwar,

    but the situation is bleak

    when it comes to local

    or state tournaments. A

    number of professional sport teams have started

    initiatives to increase the diversity of their corporate

    and sponsorship partners. For example, the Los Angeles

    Avengers of the Arena Football League had hosted

    special events to promote opportunities with local

    Hispanic businesses, and Major League Baseball (MLB)

    offered similar events for Native American business

    owners. We also need to do the same. The state

    associations need to conduct such events to build up

    good relations with different sponsors. We also need

    our hockey players to endorse various products. This

    will start the trend of investments from sponsors and

    advertisers into hockey. Few courses on public relations

    will definitely help players but ultimately it all depends

    on the performance of players on the field which will

    give them endorsements from companies.

    PerformanceMarketing

    The other important aspect

    of holistic approach is Performance marketing. It looks

    into the performance of the

    various marketing activities and

    efforts. The performance is

    measured with respect to the

    business returns obtained from

    the investment in these

    activities and also at the same

    time handling all the concerns

    with respect to the social,

    ethical, legal and environmental

    effects of the marketing

    activities. The managers should

    not only focus on the top and

    bottom line of the business but

    they should focus on the

    complete balanced score card which accounts for

    customer satisfaction, customer retention, product

    quality and other such activities. Thus, the twoimportant parameters for performance marketing

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    include financial accountability and Social responsibility

    marketing.

    The financial accountability of the entire fund allocated

    to each activity should be established. The initiative can

    be taken up initially with various state associations. The

    performance of each state association can be judged by

    their contribution of producing national level players.

    The performance

    bonuses can thus be

    given to those state

    associations giving

    the best results. The

    various other

    investments for

    building

    infrastructure

    should also monitor

    as bureaucratic

    intervention and

    other unseen

    reasons have

    brought a lot of

    inefficiency in the

    same.

    As a part of societal

    marketing,

    Government should

    promote more of regional or local level tournament.

    Young children or youths should be encouraged for the

    game. Scholarships for school or college students

    playing hockey shall also promote hockey at ground

    root level and at the same time it assures societal

    wellbeing. Tournaments at schools and distributinghockey merchandises as the prizes can be more of such

    efforts. Further, hockey players shall also involve

    themselves in various social issues and working for

    them in their free time. It will not only help them in

    fulfilling their social responsibility but at the same time

    their visibility will also increase.

    Finally, can we say that good marketing can sell even a

    bad product? Not exactly! Only a good selling practice

    cant sell a product, but a good holistic marketingpractice can improve a bad product by responding to

    the customers needs and thus selling it to them by

    matching their requirements. Indian hockey currently

    has a poor product i.e. a poor performance that does

    not have any market neither international nor domestic.

    By practicing internal and performance marketing it can

    improve its product quality and simultaneously

    following integrated and relationship marketing it can

    build the connection with its external customers and

    communicate the

    new product

    delivery to the

    market. Indian

    Hockey thus needs

    a holistic marketing

    approach to buildthe game at par

    with international

    level and revive the

    lost brand value;

    The National Sport

    of India: Hockey.

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    An Interview with Mr V. Srinivasan

    The Adams Distinguished Professor of Management

    Emeritus at the Stanford Business School

    Professor V. Srinivasan, Seenu as he is commonly known is his circle, is the

    Adams Distinguished Professor of Management, Emeritus at the Stanford

    Business School. Having completed his Bachelors from IIT Madras as a goldmedalist, he worked for two years at L&T, prior to joining Carnegie-Mellon

    University where he received his MS and PhD in Industrial Administration. He

    has an expertise in the area of market research, especially in the field of conjoint

    analysis where he has done interesting experiments, predicting job offers which

    students at the B-school would take up.

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    Markathon: Can you share few of the learning from

    your work experience at Larsen & Toubro which helped

    you in your management journey?

    Prof. Srinivasan: It has been a real joy to teach the

    intelligent, diligent, and experienced students on bothcampuses. Stanford has a two-year (18 months) MBA

    program compared to the 12-month program at the ISB.

    The Stanford program allows more soak time but the

    ISB program is more efficient for the ISB students who

    often borrow large sums of money (relative to their

    incomes). An important additional difference is that the

    majority of Stanford students are non-engineers but the

    majority of ISB students are engineers. Consequently,

    the ISB students are more inclined toward the

    mathematical details of the material we cover in the

    classroom.

    Markathon: Your work on conjoint

    analysis is highly acclaimed. It is

    said that you correctly

    predicted which job offer

    each of your students at the

    B-school would take up!

    Can you share some

    insights over the

    applications of this

    technique?

    Prof. Srinivasan: Here

    was another pivotal turn in

    my life. As I applied to U.S.

    Management programs, I

    thought I was going to do an

    MBA and return to the world of

    business. What I learned very quickly

    during the MBA program was that I was

    more interested in and had greater aptitude

    for research, asking and answering

    important intellectual questions.

    Indeed, a few of my faculty

    members at Carnegie-Mellon

    asked me to switch to the

    doctoral program at the

    end of the first semesterof my MBA. I ended up

    finishing up my Ph.D. in

    less than three years and getting an MBA en route.

    At Carnegie-Mellon I had a roommate, Allan Shocker,

    who was very much interested in marketing, which

    differed from the Manufacturing Operations emphasis

    that I had acquired from L&T. Our numerous

    conversations led to the thought that if we can find out

    what customers want, we can combine that knowledge

    together with cost data and information about

    competitive products to come up with products that

    customers would want to buy while still allowing

    companies to make greater profits. Understanding

    customer preferences by indirectly asking customers to

    rank hypothetical products described in terms of

    multiple attributes or features became an interesting

    basis for a linear programming procedure (LINMAP) thatwe jointly developed,

    resulting in two influential

    research papers. The name

    Conjoint Analysis itself

    was coined by me and

    Professor Paul Green of

    Wharton in a research

    paper in 1978. (There was

    something called conjoint

    measurement at that time,

    but it is very different in

    terms of focus.)

    As a way of testing whether

    conjoint analysis can really

    predict real world behavior, I

    used Stanford MBAs job

    choices. Preliminary qualitative

    research had identified eight

    factors (area of the country where the

    job is located, number of days in a typical

    month the MBA would have to travel away

    from home, salary, nature of the job,

    growth rate of the company, etc.)

    The MBA students completed the

    conjoint analysis task prior to

    receiving any job offers. At

    the time of graduation they

    provided us data regardingwhich job offers they

    actually received and what

    Marketing analytics are very useful in

    answering a number of questions such as

    relative effectiveness of alternative

    promotional decisions, customer value

    analysis, and so on. India is playing a

    significant role in doing marketing

    analytics. Conjoint analysis is

    complementary in that it answers a

    different set of important marketing

    questions regarding the product attributes

    we should provide in a product or service

    Vartalaap markathon | august 2012

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    the attributes of each of those jobs were. We could

    then use the conjoint analysis results for each MBA to

    predict which job he/she would choose and compare it

    with which offer each of them actually took. We were

    correct three out of four times.

    Conjoint Analysis is now used over 14,000 times

    worldwide. It is most often used to help define the

    product (or service) and associated price. Conjoint

    Analysis can answer questions regarding how much the

    market is willing to pay for a feature of a new product,

    how much the market values one brand over another

    (brand equity), defining the market in terms of benefit

    segments that enable definition of product lines, and

    answering numerous what if questions in terms of

    what is likely to happen under alternativeconfigurations of our companys and competitive

    companies product and pricing moves.

    Markathon:With so many factors driving the purchase

    decision of consumers, what are the main

    considerations while deciding on the list of attributes

    for conjoint analysis?

    Prof. Srinivasan: Qualitative market research (focus

    groups, one-on-one interviews, ethnographic methods)is very useful as it helps us come up with a more

    complete list of attributes. I have (with my former

    doctoral student, Oded Netzer, currently Associate

    Professor at Columbia) developed a method called

    ASEMAP designed to help us prioritize amongst these

    attributes.

    Markathon:With the advent of technology and social

    media, data mining and data analytics have become the

    order of the day. How effective would conjoint analysisbe in this setup?

    Prof. Srinivasan: Marketing analytics are very useful in

    answering a number of questions such as relative

    effectiveness of alternative promotional decisions,

    customer value analysis, and so on. India is playing a

    significant role in doing marketing analytics. Conjoint

    analysis is complementary in that it answers a different

    set of important marketing questions regarding the

    product attributes we should provide in a product orservice.

    Markathon: If we talk of Brand equity measurement,

    how can something as intangible as brand equity that

    connects to the emotions of a consumer, be quantified?

    Prof. Srinivasan: I believe we can both measure and

    understand brand equity by conceptualizing brandequity as what the brand adds in terms of incremental

    (profit) contribution over and above what the

    underlying product or service can provide. In a research

    paper with my former doctoral student Chan Su Park,

    currently a Professor at Korea University, we provide a

    method that examines four different components of

    brand equity: brand awareness, incremental preference

    based on attribute perceptions, non-attribute based

    brand equity (customer self-expression), and the

    increased distribution the brand enables. Of course, we

    should not expect the same degree of precision in a

    brand equity study as in a conjoint analysis study.

    Markathon:What would be your advice to our young

    readers who aim to become successful marketers?

    Prof. Srinivasan: Marketing is an exciting field because

    it emphasizes both the creative side of coming up with

    new ideas for products and services and communicating

    them to consumers, and the scientific side ofunderstanding customers and marketing analytics. It is

    important for students to take advantage of their time

    at MBA programs by taking courses that give them

    knowledge that develops both their qualitative and

    quantitative skills. It is also truly important to learn

    from successful examples in marketing past and present

    in the world around us.

    Vartalaap markathon | august 2012

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    war zone | eye 2 eye markathon | june 2011

    light, and comfortable to hold. However, Microsoft has

    been rather vague in coming up with a pricing and

    availability plan. A lot of hype has been built around thefirm for producing its own computing hardware, the first

    time in its 37 year history, instead of using original

    equipment manufacturers. This fact along with the

    smart coupling of physical keyboard and trackpad with a

    tablet to preserve the light weight and portability of a

    tablet may not be enough of a seduction to prospective

    buyers.

    Additionally, consumers won't be able to get the Surface

    tablet until Windows 8 ships and the Intel Core i5Surface for Windows 8 Pro wont be available for

    another three months after that.

    Moreover, the product is rumoured to have only a short-

    range Wi-Fi connection that would drive prices down.

    This would also mean on line usage of the tablet will

    need consumers to find a Wi-Fi hotspot, which isn't

    always convenient. This could hamper the tablet's

    chances against the iPad and other similar devices.

    Finally, the pricing strategy for the Windows RT Surface,

    quoted to be at par with a comparable ARM tablet,

    leaves technogeeks expectations dangling mid-air with

    prices ranging wildly from those for a no-name Chinese

    Android to the top-end iPad with 4G.

    The success and failure of the Surface tablet would

    finally rest on the ability of Microsoft to deliver on its

    promises in time, an art perfected by its close

    competitor-Apple.

    developed their followers base and loyal customers.

    By seeing current trends it can be easily inferred that

    Microsoft is losing its ground in the smart phones

    market as sale of NOKIA smart phones with window

    Phone 7 has had lacklustre performance. Thus it

    became imperative for Microsoft to prove its

    presence in tablet market but its fate in tablet

    market weighs heavily on the performance of

    Surface.

    Thus to maintain its turf Microsoft has to come up

    with an outstanding product which beats its rival notonly in pricing but also in features. Microsoft Surface

    will not only compete with ipad or galaxy pad but

    will also compete with the ultra-book and ipad

    mini which could be released by Apple in

    September 12 in the price band of $250-$300. Thus

    low price will not serve the purpose as with new low

    price innovation by its rivals, it will be difficult for

    Microsoft surface to further undercut its price. Thus

    it has to offer such features which can create its own

    consumer base. Moreover, at this point Microsoft

    needs to concern itself with building up user base

    first and making money second.

    Thus by seeing these challenges it is quite evident

    that just lowering price will not be only option but

    this product with reasonable price must also

    compete with various contemporary features of

    non-tablet segments.

    Topic for the next issues Eye to Eye: Hosting Olympics: Marketing of the Nation but is it worth

    the cost?Your opinion (view/counterview) is invited. Word limit is 250-300. Last date of sending entries is

    15th

    August, 2012. Include your picture (JPEG format) with the entry.

    Payal Pathak

    XIMB

    The Microsoft Surface tablet,

    available in two versions,

    "Surface" and "Surface Pro",

    running on the Windows RT and

    Windows 8 Pro OS respectively,

    was announced on June 18,

    2012. Equipped with clever

    features like Touch Cover and

    Type Cover, the product is thin,

    Microsofts foray into tablet

    market through Microsoft

    Surface is a very late entryinto a crowded market. This

    market is marked by great

    deal of innovation by

    technology giants viz. Apple,

    Samsung and Blackberry.

    Moreover these tablet

    manufacturers have already

    Microso

    thasbeenrathervaueincominuw

    itha

    ricina

    ndavailabilit

    lan

    Tomaintainits

    turMicrosothastocomeuwithanoutstandin

    roduct

    26

    Ram Krishn Pandey

    NIRMA

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    war zone | silent voice markathon | april 2012

    15

    NEXT THEME FOR SILENT VOICE: Philips BodygroomRead more@ http://goo.gl/bBbTS

    LAST DATE OF SENDING THE PRINT AD: 15th

    August, 2012

    EMAIL ID:[email protected]

    Send your entry in JPEG format named as SilentVoice__only.

    LAST MONTHS RESULTSTheme: Nexus 7

    WINNER: MANSI PATIL | SIMSR, Mumbai

    Congratulations!!! Mansi receives a cash prize of Rs 500!

    Akshat Jain | WeSchool, Mumbai

    HONORARY MENTION

    war zone | silent voice markathon | august 2012

    27

    mailto:[email protected]:[email protected]:[email protected]
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    specials | ADdicted markathon | april 2011

    PRODUCT # 1: Maruti Suzuki Pvt Ltd

    POSITIONING:Indias most fuel efficient cars

    CREATIVE AGENCY: Publicis Capital, India

    VERDICT : Catch

    CONCEPT: Set in the pre independence era, the AD

    tries to underplay all foreign car makers. The Ad

    features Amelia Johnson as the first woman to fly

    from England to Australia (A spoof of the famous

    Amy Johnson who was the first lady to fly from

    England to Moscow). She symbolises all the foreigncar makers and upon reaching India she is greeted by

    a large crowd of eager Indians. She begins to flaunt

    the specifications of her plane but the Indians are not

    impressed and are unfazed by the superior

    specifications. Suddenly, one Indian from the crowd

    asks her Kitna deti hai ?, for which Amelia has no

    answer and can only smile in embarrassment as she

    (foreign car makers) knows that her plane is no good

    when it comes to mileage.

    Breaking it down: Maruti Suzuki has learnt over the

    years that it cannot pass off as a luxury brand or as a

    high performance brand owing to its experiences with

    the Kizashi and SX4 respectively. Its cars are regarded

    as fuel efficient, cost efficient and easy to maintain

    cars. And Maruti Suzuki has realized over the past two

    years that this is what most of the Indian automobile

    consumers want. The AD is as sarcastic as it gets and

    hits the nail on its head with this subtle attack at all

    the foreign car makers. It conveys one simple

    message: If you want a car to flaunt, you have

    numerous brands; however if you want a practical,

    fuel efficient car, Maruti Suzuki is your best option.

    YouTube link :

    http://www.youtube.com/watch?v=1AyynrjP3EM

    Rank 2: GoodKnight Advanced

    http://www.youtube.com/watch?v=0Q0eB_SKO2s

    Rank 3: Cadbury Diary

    http://www.youtube.com/watch?v=pidPlb9GZdo

    Umang Kulshrestha, GSN Aditya| iim s

    PRODUCT #2: Red Label Tea

    POSITIONING: Healthy tea

    VERDICT : Catch

    CONCEPT: With the three disappointing ads of this

    month being, Garden Vareli, Vodafone and Red, we

    choose to talk on Red Label!

    In short lets reflect on the other two, starring the

    Cocktail fame, Diana Penty, Garden Vareli ad though

    being nothing so impressive type did not really have

    much of an option belonging to that typical saree TVCwhere you can show a beautiful girl with a flowing,

    patterned saree and the other Vodafone ad that just

    wanted to emphasise on the happy hours available

    from 2-4 p.m. built my hopes in the beginning with

    the Munnabhai MBBS dj vu that had a carom stud,

    old Uncle, got shattered in some time when the

    carom play built on to nothing! Neither does it

    connect well with the point why 2-4 pm happy on

    Vodafone which practically does not have link with

    carom, despite using it symbolically for fun.

    Now comes the turn of Red Label! Akshay Kumar is

    shown drinking tea doing possibly anything on the

    set; fighting, exercising and even when dancing.

    When Sonakshi rebukes him expressing her views

    that may be it was tasty but not healthy, Akshay asks

    the audience to call on a number to prove to Sonakshi

    why it was healthy because she says, Sab bolenge

    tab manungi! Firstly, the flow does not captivate the

    audience and secondly if some do connect, no one

    knows what on Earth should make the audience call

    on that number to prove it to Sonakshi that Red

    Label tea is healthy.Engaing the audience is good butwith no incentive or drive to do it, the attempt is a

    waste. A mood spoiler end with a very feeble build of

    the entire act.

    YouTube Link:

    http://www.youtube.com/watch?v=JKCsNUnr6Us

    Rank 2: Vodafone

    http://www.youtube.com/watch?v=DPM8UNfMzLs

    Rank 3: Garden Vareli

    http://www.youtube.com/watch?v=ES_4qfQcHFI

    28

    specials | ADdicted markathon | august 2012

    http://www.youtube.com/watch?v=1AyynrjP3EMhttp://www.youtube.com/watch?v=1AyynrjP3EMhttp://www.youtube.com/watch?v=0Q0eB_SKO2shttp://www.youtube.com/watch?v=0Q0eB_SKO2shttp://www.youtube.com/watch?v=pidPlb9GZdohttp://www.youtube.com/watch?v=pidPlb9GZdohttp://www.youtube.com/watch?v=JKCsNUnr6Ushttp://www.youtube.com/watch?v=JKCsNUnr6Ushttp://www.youtube.com/watch?v=DPM8UNfMzLshttp://www.youtube.com/watch?v=DPM8UNfMzLshttp://www.youtube.com/watch?v=ES_4qfQcHFIhttp://www.youtube.com/watch?v=ES_4qfQcHFIhttp://www.youtube.com/watch?v=ES_4qfQcHFIhttp://www.youtube.com/watch?v=DPM8UNfMzLshttp://www.youtube.com/watch?v=JKCsNUnr6Ushttp://www.youtube.com/watch?v=pidPlb9GZdohttp://www.youtube.com/watch?v=0Q0eB_SKO2shttp://www.youtube.com/watch?v=1AyynrjP3EM
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    (20th Anniversary Issue) ; Al Ries and Jack Trout

    Review by SOWMYA R

    TMH Publications | Price Rs.244

    To quote the words of George C.Scott,

    No bastard ever won a war by dying for his country. He

    won it by making another poor dumb bastard die for his

    country!

    When on the battlefield, you either survive or perish,

    there is no middle ground. Marketing Warfare, written

    by two legendary marketers Al Ries and Jack Trout is a

    timeless classic that takes you through battles won and

    lost, and prepares you for the biggest lesson of war-

    How to return from the point of no return?

    Summary

    Perhaps the most basic similarity one can find between

    Marketing and war is the language. We launch a

    marketing campaign; promote people to higher

    positions; report gains and losses and issue uniforms.

    Hundreds of companies, thousands of brands, scores ofproducts- Marketing is indeed warfare, but it is fought

    on a battlefield 6 inches wide, the mind of the

    prospect!Winning this battle is a matter of possessing

    the weapon called perception. Taking analogies from

    actual battles and applying their principles to actual

    business scenarios, the book enthrals the reader with

    its sheer logic- the logic that irrespective of who wins

    the battle, in the end the better side emerges victorious

    in the war.

    Organization

    The book begins by outlining the four positions that a

    company/brand can take on the battlefield, namely

    defensive , offensive, flanking and guerrilla. The book is

    then organized into 4 major sections, one devoted to

    principles of each of these styles of warfare. It gives

    invaluable lessons to players in each category such as:

    Best defensive strategy is to have the courage to attackyourself.

    When on the offensive

    find a weakness in the

    leaders strength.

    Tactical surprise is key to a flank attack and the pursuit

    is as critical as the attack.

    In guerrilla warfare, never act like the leader no matter

    how successful you get.

    Following this, the book covers four wars that have

    been immortalized over the years, namely: The Cola

    War, with Coca Cola and Pepsi at loggerheads with

    each other and the Uncola Campaign; The Beer War,

    which had Heineken and Miller vying for their markets.

    The Burger War of McDonald and Burger King is as

    timeless as this book itself and finally The Computer

    War of first vs. better products still rages on.

    The final part of the book discusses Strategy and tactics

    and the importance of a good general (leader) to lead

    the troop as they wage war upon each other.

    Verdict: 4.5/5

    Needless to say, the book is gripping and is a guide to

    every manager to both identify his/her position as well

    as to launch and defend attacks from opponents. It is

    well-structured and has abundant examples to illustrate

    the elements of the battlefield.

    The updated edition features the latest, most-powerful

    tactics which are crucial in todays competitive

    landscape

    Bottom-line

    The only thing that can ensure your victory in the

    combat zone is preparedness. War has already

    broken out. It is now you who has to steer thebattleship. Grab a copy of this book and tread the path

    that warriors have set foot on.

    specials | bookmark markathon | august 2012

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    specials | radical thoughts markathon | may 2012

    Piyush agarwal | IIM S

    What I write here has nothing to do with marketing, but

    needs to be written nonetheless. My assumption here is

    that by the time the magazine releases, most, if not all

    of you would have seen The Dark Knight Rises (TDKR)

    (If not, please open your browser now and book the

    tickets to the next available showseriouslyRIGHT

    NOW).

    Before I start off, in the interest of full disclosure: I am a

    true Nolanite and YES, I loved TDKR!

    What led me to write this story was that a lot of people

    I know really disliked the movie but I believe that they

    have perhaps misunderstood the movie. They certainly

    represent a very small minority as IMDB has got TDKR

    on 9.1 with over a hundred and fifty thousand votes.

    Ive always taken this column as an opportunity to give

    voice to the counterview by playing the devilsadvocate. The popular opinion, Ive usually always

    found to be somewhat flawed.

    Not this time though.

    Here is my attempt to address some of those issues in

    the limited word limit this column has been assigned

    (Trust me, I can fill this whole magazine up with my

    views on TDKR)

    TDKR sucked, TDK was much better

    'The whole is greater than the sum of its parts'. One

    couldnt find a better example to prove this philosophy

    than the Dark Knight Trilogy. Nolan has brilliantly

    summed up the trilogy with each installment perfectly

    aligned with the theme of, FEAR, CHAOS, PAIN. TDKR is

    part of a story, two thirds of wh ich weve already seen

    and loved. You have to watch with the bigger picture in

    mind. You cant comprehend this part in isolation. It

    makes sense only if youve seen the other two (If you

    havent please go on to the next section)

    TDKR was much grander in comparison to TDK in the

    sense that the whole city of Gotham was terrorized like

    never before. In TDK joker says to Batman See, their

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    specials | radical thoughts markathon | may 2012

    morals, their code... it's a bad joke. Dropped at the first

    sign of trouble. They're only as good as the world allows

    them to be. I'll show you, when the chips are down,

    these... these civilized people? They'll eat each other.

    This has been illustrated perfectly in TDKR. Bane

    inspires anarchy in Gotham; we see the civilized eating

    each other up.

    Joker vs. Bane

    Joker was a very entertaining character and perhaps

    one of the best villains in cinematic history but amountof artistic license which Nolan took with Bane just blew

    my mind off. Bane was both physically and intellectually

    a much stronger nemesis to Batman compared to Joker.

    His mere physical presence was terrifying, the

    modulated voice only added to the menacing persona.

    Also, the kind of loyalty which Bane commanded from

    his army was unparalleled as opposed to Joker who

    basically took advantage of mentally disturbed

    schizophrenics. In essence, both Joker and Bane

    terrorized Gotham and Batman but in completely

    different ways.

    Weak female characters

    One beef which audiences have always had with Nolan

    is the absence of a strong female character in his

    movies. The powerful characters of Selina Kyle

    (Catwomen) and Miranda Tate (Talia al Ghul) take care

    of this issue. Both characters were developed

    beautifully and had depth. Everyone had their aversion

    towards Anne Hathaway playing her part, but I think

    she aced it.

    My only non-issue with this movie is perhaps the lack of

    chemistry between Miranda Tate and Bruce Wayne,

    and the short screen time of Alfred. But I understand

    why, given the movie already stretched to over two

    hours and forty minutes and addressing these issues

    would have stretched it by another half hour or so (Im

    sure fans would have loved that)

    To me, a good movie is a movie which takes me by

    surprise and keeps me at the edge of my seat

    throughout. It should be unpredictable and keep me

    guessing at every moment, making sure I guessed

    everything wrong. TDKR managed to do it perfectly

    well. Nolan explored and experimented with many

    different emotions in this movie which audiences were

    unprepared for and thats a good thing. If you didnt like

    this movie because it was very unpredictable, you need

    to redefine the way you rate mo vies.

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    specials | updates markathon | march 2012

    BRAND LAUNCH

    Nissan to launch multiple products in 2012

    After a not so aggressive entry with Xtrail SUV in

    India in 2005, Nissan is coming now with a series of

    launches to target the emerging car market in India

    by joining the league of foreign companies who arein full swing to push down the market share of

    already established player. The product which is

    first in the line is the MPV Evalia at a starting price

    of about 9 lakhs