Monday, March 21, 2011

VIKAS JAIN, FOUNDER MEMBER AND BUSINESS DIRECTOR, MICROMAX - HOW HE OVERTHREW THE DOMINANCE OF BIGGIES LIKE NOKIA, LG... AND MORE

Will your product portfolio remain similar for these markets as well?
To begin with, it would remain same, but later on we would like to localize it as and when we see the need.

Don’t you think you are entering the international markets too soon?
I don’t think it’s early. I think there’s enough market available and the company has enough resources to do more than one thing at the time. What’s more important is to be at the right place at the right time and that’s what we are doing.

How will your launch portfolio play out?
12 handsets at the time of Bangladesh launch, 10 for UAE and 7 for Sri Lanka. These are devices from our current portfolio and as we spend more time in these markets, we will look at scaling them in accordance with the needs and demands of each market.

What are your upcoming devices for the Indian market?
Hopefully, 3G services will be rolled out during Diwali and we would like to time our 3G portfolio along with that. I think with time, 3G would be a big part of the portfolio. We would see many more devices with bigger screens, and more smartphones. We don’t want to sell a technology, but a solution, which our customers can experience and have its worth. We would also be looking at Android devices around that time only.

Can we look forward to push mail devices as well?
If things go well, we’ll have push mail on more than one device by the next month.

How do you plan to benefit from your international exposure?
This gives us higher exposure into different markets, and brings in opportunities. For example, Micromax had its smartphones ready, but could not launch it in India as there were no 3G services available. But in a small country like Sri Lanka, 3G has been available for the last one year. So this territory can now help us to take our portfolio to a next level.

What about your service centre strength?
In India, we have 520 service centres and our target is to have 1000 by the end of this calendar year as we are looking to double up our sales base from one million units to two million in this financial year. In international markets also, we are trying to give a similar experience to our customers. So, while we have 22 collection points and 6 services centres in Bangladesh, the count is 54 and 3 in Sri Lanka and 13 and 1 in Nepal respectively.

Do you follow the same branding strategy in international markets as well?
Our phones are different from any other phone in the market. We have always looked at bringing utilitarian things in the market with the help of our devices and I think customers are smart enough to understand the same. So far, all our success has come from this strategy only.

What’s next on your agenda for the Indian market?
We want to have a top of mind recall of 10%. We already have that much market share, but we would want to see the same percentage saying Micromax should be their first preference while buying a cell phone.

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2011.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
Arindam Chaudhuri – Everything is not in our hands
Planman Technologies – IT Solutions at your finger tips
Planman Consulting
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting

IIPM in sync with the best of the business world.......

Friday, March 18, 2011

A. K. AGRAWAL, DIRECTOR – BUSINESS, MND EDIFY EDUCATION, EXPLAINS WHY AND HOW...

What are the challenges you have faced as a leader for Edify?
One of the major challenges is Government regulations on investment in education sector and land conversions. Another challenge is availability of quality human resource in the education sector for various reasons.

How would you describe your personal success story separate from the success story of Edify?
We see Edify among the leading educational institutes in South East Asia by 2015. We look forward to create a society of progressive thinking individual who will contribute to the intellectual development of the global community by initiating positive changes in the social fabric, the technology and administration of our lives and businesses and in the approaches employed to realize individual and collective aspirations.

What are the lessons a leader like you should take from the past generation of CEOs?
Optimum utilization of available resources and people management are two important lessons I have learnt from my father. Also the wisdom of knowing when to speed and when to balance is another essential aspect that the past generation CEOs have gained which we need to master.

One leadership trait which is must to have in a leader to succeed.
A leader must be passionate about his work, must learn continuously and remain open to new innovations.


For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2011.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
Arindam Chaudhuri – Everything is not in our hands
Planman Technologies – IT Solutions at your finger tips
Planman Consulting
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting

IIPM in sync with the best of the business world.......

Wednesday, March 16, 2011

Punit Kapoor, AVP & Branch Head, MRM Worldwide India - TV Advertising

Brand Speak

Punit Kapoor,
AVP & Branch Head, MRM Worldwide India

Lufthansa as a brand has always been perceived to be for the elite class. Is that the positioning that you are trying to achieve for the brand?
I think it is just a perception, which may have been true earlier... not anymore. As a traveller, I will want more options on the net and when I compare prices, I will want the best possible one. Today, our perception is changing – we are localising our campaigns.

Talking about localisation, why haven’t we seen Indians being featured in your campaigns?
That is intentional. Indians are very aspirational; and keeping this in mind visually is very important. Another reason is standardising; you will see the same girl all across the globe so the connection is simple and easy. Localisation is coming because of consumer needs but as far as the brand strategy is concerned, the image has changed. We also have faces looking European/English; but yes, a globalised face.

If radio ads make sense, then why not attempt TV advertising too, as both target the masses?
We were very convinced from the start that we will never use TV for advertising. The radio medium has emerged [faster]. Everyone in our TG is travelling and on-the-move. As they are not in offices, so the medium serves right.


For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2011.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
Arindam Chaudhuri – Everything is not in our hands
Planman Technologies – IT Solutions at your finger tips
Planman Consulting
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting

IIPM in sync with the best of the business world.......

Monday, March 14, 2011

TARUN RAI, CEO, WORLDWIDE MEDIA

With the introduction of more international travel magazines in India, competition in the particular segment will soon reach to new levels. What do you have to say about the change in market dynamics?
The runaway success of Lonely Planet Magazine in India is bound to encourage other international titles to enter the country. I welcome these new titles as they will create more interest in the category. And I am confident that none of them are as comprehensive and credible as Lonely Planet Magazine is.

India is a price sensitive market. Do you have any specific strategy to deal with it?
The feedback that we have got from our readers is that they find immense value in Lonely Planet Magazine. A price of Rs.100 seems appropriate. I believe compared to the other travel magazines, which are also priced at Rs.100, we offer much more information and more than 50 percent more pages.

But the magazine still is an extremely niche magazine. Would you perchance plan to broaden this focus ever in the future?
Travel is not niche and neither is our magazine. Every month our circulation numbers are increasing tremendously. The rate at which the travel market and travelers are growing, the magazine has the potential of being one of the largest English language monthlies.

The magazine market in India is expected to grow at 12% this year. What is the market share you are targeting?
While market share data is not available, we believe we are increasing our market share. In the last few years we have gone from being a two consumer magazine company to ten titles now. We are now in many categories including women, fashion, celebrity, auto, interiors, film and now travel. The pace of our launches is quickening. We are launching a top end design and architecture magazine called Home Trends. This is a magazine based out of New Zealand and has 11 international editions. We will be launching another magazine targeting young adults in October this year. This will be followed by a very big launch in January next year. All these launches and the cementing of our existing titles ensures that we garner a larger market share as we grow.


For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2011.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
Arindam Chaudhuri – Everything is not in our hands
Planman Technologies – IT Solutions at your finger tips
Planman Consulting
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting

IIPM in sync with the best of the business world.......

Wednesday, March 09, 2011

The Exclusive ICMR-4Ps B&M Annual Insurance Survey

The Indian Council for Market Research (ICMR) on behalf of 4Ps Business & Marketing magazine undertook a perception survey amongst Indian consumers already buying Insurance to find out buying behaviour, attitudes and perception towards insurance products.

A structured questionnaire was used in the random sampling technique. The respondents chosen were primarily aged between 35-45 years. The Survey was conducted in five cities of India (Delhi, Mumbai, Kolkata, Chennai and Bengaluru) with a sample size of 1,200 respondents. It was made sure that the respondents coming under the purview of the survey had life or general insurance policies. In case of general insurance, the respondents were asked to specify whether they were having health, motor, home or any other type of insurance. However, under the final analysis of the survey, separate segments under general insurance have been clubbed together. Each of the respondents was asked both open ended and closed ended questions. Please note that figures have been rounded off in some cases.


For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2010.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
Arindam Chaudhuri – Everything is not in our hands
Planman Technologies – IT Solutions at your finger tips
Planman Consulting
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting

Monday, March 07, 2011

Ruined by invaders, looted by foreigners

Tourism and museum authorities in India claim that cost is the biggest hurdle to promotion and maintenance acts. But they could pick up a lesson or two from museums in US and Europe, which have made their way round such issues by creating unique business models, be it through selling merchandise, membership cards, exhibitions or simply tickets et al. For instance ‘The Natural History Museum’ and Victoria & Albert on an average mints 50% of their maintenance cost through membership fees and shows (as per the museum curators). Not depending upon government grants, these museums have marketed themselves well and have therefore become self-dependent. “But issuing membership cards or organising shows are not simply enough, unless you have the right audience, and for that you need to offer something special to the members of your museum,” says the curator of the Queen’s Gallery at the Buckingham Palace Museum.

There is another learning from the West. To cajole the right audience, museums in US and Europe visit educational institutions and theatre halls to promote themselves. accepts K. K. Muhammed, Superintending Archaeologist, Archaeological Survey of India, “Finding out the right audience is not a big challenge if you can create interest amongst today’s generation for museums. I think in such an attempt, we need to do a lot to attract Indian visitors to our museums.”

State-run museums can also learn from private museums in the country like Albert Museum (nearby City Palace) in Jaipur and Raja Dinkar Kelakar Museum in Pune, where the business of experience begins from the very guards, who wear attires of ancient days and entertain the visitors with traditional amusements. The Akshardham temples have become brand icons in the way even religious history could be presented through a museum-like experience. Clearly, there is much that needs to be done by the government.

There are some who believe that the script of state-run museums isn’t that bad and that the government is trying its best. Subash Goyal, Chairman, Indian Chamber of Commerce, Aviation & Tourism, says, “The government does grant funds for maintaining the museums and a part of it is being utilised for marketing also.” As is quite evident, the allotted funds are either not being utilised well (even misutilised) or, well, not being utilised at all.

It is however clear that we have missed out on getting our heads up about our national treasures, as Goyal confesses, “At times we do miss out to sustain interest of the visitors.” When you visit the Louvre in Paris, you will find all details given on ‘Monalisa’, but those who visit Shri Jayachmarahendra Art Gallery in Mysore will see the famous works of Raja Ravi Verma displayed with no details about either the paintings or the creator. Till this happens, we will need to work towards rectifying the irony of museums which don’t flourish in a heritage and historically rich country like India. The problem – unique; the remedy – common. Spend an extra dime and highlight the USP to get rid of the irony we say!


For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2011.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
Arindam Chaudhuri – Everything is not in our hands
Planman Technologies – IT Solutions at your finger tips
Planman Consulting
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting

Thursday, March 03, 2011

‘PULL’ FOR MUTUAL FUNDS

The Indian mutual fund industry is abuzz with a new advertising mantra, which is to create a pull factor as a new way of communication for funds, unlike the push factor, which existed earlier. This is post SEBI’s regulation where the commissioning is being made limited to the distributors. As a result, mutual fund companies are advertising heavily for their products to support the distributor in order to enable customers to understand their products. According to Nipun Kaushal, Head – Marketing, ICICI Prudential Mutual Fund, “The aim is mainly to reach out to more people and make products beneficial to them. We are currently not focusing on above-the-line activities.” In comparison to a regular fund requiring Rs.4-5 crores investment, a new fund offering usually requires 10-15% higher investment in terms of adspends on regular fund. Sarabjit Kaur Nangra, Vice President – Research, Angel Broking said, “Getting more investments depends on performance of stock markets (and not ads). If PSU-favourable funds look exciting, investors will obviously deploy more money into that fund which is heavily advertised. The other reason is that equity investments in retail is hardly anything in terms of asset allocation, although there is potential to garner money from retail investors.”


For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2010.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned IIPM articles.

IIPM B-School Detail
IIPM makes business education truly global
IIPM’s Management Consulting Arm - Planman Consulting
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
Arindam Chaudhuri – Everything is not in our hands
Planman Technologies – IT Solutions at your finger tips
Planman Consulting
Arindam Chaudhuri's Portfolio - he is at his candid best by Society Magazine

IIPM B-School
Arindam Chaudhuri
Rajita Chaudhuri
Planman Consulting