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Brand Management
Session 4: Step 2 in Developing / Building a Brand
Zeeshan Kingshuk Huq
Guest Faculty
zeeshan.huq@gmail.com
2
3/30/2014/ZKH
DECIDE WHOM TO BRAND FOR
Step 2 in Brand Building:
3
3/30/2014/ZKH
From KNOWING Your Customer …
 We used to look at demographics
 Are they male or female
 Where do they stay
 What age are they at
 What are their education and income level
 Do they live in a family or alone
 Do they tend to follow any particular religion?
 Demographic segmentation is the most popular base for
any segmentation
 We used to do researches in this line
 Life cycle stage
 Social Class  SEC
 Lifestyle
4
3/30/2014/ZKH
… to UNDERSTANDING your customer
 Know the customer, not his/her demographics only
 When I am at your store, do I feel at home?
 When I am at your site, do I feel expected?
 Do you have an app for me? Do I really need an app at all?
 Can you suggest the perfect lunch for me?
 Do you know my last ten purchases? Can you predict my
next ten?
 Do you know my taste? My style? Who inspires me?
Whom I respect?
 Do you know my network?
 Because the better we UNDERSTAND them, the more
ways we can make them happy / satisfied
5
3/30/2014/ZKH
HOMEWORK RIGHT
You have to do your
6
3/30/2014/ZKH
Why?
 Customers are far less trusting than they used to be
 Especially true in industries whose reputations suffered (banking,
pharmaceuticals, energy, airlines and media)
 Even if you're in an unrelated industry, you’re likely to be effected
 Consumers have more power than ever before
 Social media, easy on-line comparison-shopping, and a
proliferation of choices.
 Customer diversity continues to increase
 Opportunity!  putting a premium on micro-segmentation
 By increasing the noise-to-data ratio
 Customers are confused as well!
 They are less interested in products
 More interested in flexible, adaptive solution
7
3/30/2014/ZKH
Approaches in doing homework
 Stand in your customer’s shoes
 Look beyond your core business  need to look at
customer’s full range of choices, as well as his or her
ecosystem of suppliers, partners etc.
 Deepen understanding of competitors
 Staple yourself to a customer’s order
 Track key customers’ experiences throughout the life-cycle
 Note where the experience breaks down
- Actual observation
- Role-playing
 Merge with the customers  Let them take the lead
 Lean forward and anticipate  Apple
8
3/30/2014/ZKH
Research Tips
 Choose your target market right
 Your information will only be as good as your ‘sample’
 Design your survey carefully
 Are you missing the key issues?
 What are the questions that you need answers to?
 Don’t offend customers
 Keep it short (if not sweet)
 One pager?
 Leave an opportunity for detailed answer too
 Not everyone will, but the fews will make the more difference
 Work out your recording techniques / tools
 Invest in the process
9
3/30/2014/ZKH
“MEET YOUR NEW BOSS”
Case 1: Getting to the context P&G and Lafley
10
3/30/2014/ZKH
P&G Turn-around
 A F Lafley took over as CEO of P&G in 2000 when the
company had lost it’s way
 Stocks plunged by more than 50%
 Earning expectations dipped
 From deciding how to drive to driving decisions
 Simple mantra: ‘The Consumer is the Boss’
 Hear the customer what they wanted to say
 Tease out what they wanted but never could articulate
 Spend time ‘living’ with the consumers
 Changes came from there
 Tide packaging
 Swiffer  $1 billion annual revenue
11
3/30/2014/ZKH
Word of Caution
 Even the most well-intentioned people says things
untrue
 They say they will do things they won’t, and purport to have
interest in things they don’t.
 Solution?
Spend time in the market so
that you can know the
customer better than they
know themselves.
12
3/30/2014/ZKH
GODREJ CHOTUKOOL
Case 2: Focusing on non-consumers
13
3/30/2014/ZKH
Godrej Chotukool
 Indian market is vast, and a large part still can’t afford
refrigerator
 Godrej and Boyce went on understanding the ‘untold’
need of this large customer base
 Result  Chotukool Refrigerator
 Designed for 85% of the Indian Consumers who DID
NOT buy refrigerators
 Same benefit of a refrigerator
 Smaller, more portable
 Less power-hungry  runs on battery!
 Costs under $70
14
3/30/2014/ZKH
GROUP CLASS ASSIGNMENT
Write down five things that a coworker or friend can only do by relying on
an expert or going to a central location.
Think about ideas that would let these people do it themselves for any
one of the above – something not prevalent in the country.
Chalk a solution for the relevant brand.

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20140329 brand management chapter 4 iba mba48 e

  • 1. Brand Management Session 4: Step 2 in Developing / Building a Brand Zeeshan Kingshuk Huq Guest Faculty zeeshan.huq@gmail.com
  • 2. 2 3/30/2014/ZKH DECIDE WHOM TO BRAND FOR Step 2 in Brand Building:
  • 3. 3 3/30/2014/ZKH From KNOWING Your Customer …  We used to look at demographics  Are they male or female  Where do they stay  What age are they at  What are their education and income level  Do they live in a family or alone  Do they tend to follow any particular religion?  Demographic segmentation is the most popular base for any segmentation  We used to do researches in this line  Life cycle stage  Social Class  SEC  Lifestyle
  • 4. 4 3/30/2014/ZKH … to UNDERSTANDING your customer  Know the customer, not his/her demographics only  When I am at your store, do I feel at home?  When I am at your site, do I feel expected?  Do you have an app for me? Do I really need an app at all?  Can you suggest the perfect lunch for me?  Do you know my last ten purchases? Can you predict my next ten?  Do you know my taste? My style? Who inspires me? Whom I respect?  Do you know my network?  Because the better we UNDERSTAND them, the more ways we can make them happy / satisfied
  • 6. 6 3/30/2014/ZKH Why?  Customers are far less trusting than they used to be  Especially true in industries whose reputations suffered (banking, pharmaceuticals, energy, airlines and media)  Even if you're in an unrelated industry, you’re likely to be effected  Consumers have more power than ever before  Social media, easy on-line comparison-shopping, and a proliferation of choices.  Customer diversity continues to increase  Opportunity!  putting a premium on micro-segmentation  By increasing the noise-to-data ratio  Customers are confused as well!  They are less interested in products  More interested in flexible, adaptive solution
  • 7. 7 3/30/2014/ZKH Approaches in doing homework  Stand in your customer’s shoes  Look beyond your core business  need to look at customer’s full range of choices, as well as his or her ecosystem of suppliers, partners etc.  Deepen understanding of competitors  Staple yourself to a customer’s order  Track key customers’ experiences throughout the life-cycle  Note where the experience breaks down - Actual observation - Role-playing  Merge with the customers  Let them take the lead  Lean forward and anticipate  Apple
  • 8. 8 3/30/2014/ZKH Research Tips  Choose your target market right  Your information will only be as good as your ‘sample’  Design your survey carefully  Are you missing the key issues?  What are the questions that you need answers to?  Don’t offend customers  Keep it short (if not sweet)  One pager?  Leave an opportunity for detailed answer too  Not everyone will, but the fews will make the more difference  Work out your recording techniques / tools  Invest in the process
  • 9. 9 3/30/2014/ZKH “MEET YOUR NEW BOSS” Case 1: Getting to the context P&G and Lafley
  • 10. 10 3/30/2014/ZKH P&G Turn-around  A F Lafley took over as CEO of P&G in 2000 when the company had lost it’s way  Stocks plunged by more than 50%  Earning expectations dipped  From deciding how to drive to driving decisions  Simple mantra: ‘The Consumer is the Boss’  Hear the customer what they wanted to say  Tease out what they wanted but never could articulate  Spend time ‘living’ with the consumers  Changes came from there  Tide packaging  Swiffer  $1 billion annual revenue
  • 11. 11 3/30/2014/ZKH Word of Caution  Even the most well-intentioned people says things untrue  They say they will do things they won’t, and purport to have interest in things they don’t.  Solution? Spend time in the market so that you can know the customer better than they know themselves.
  • 12. 12 3/30/2014/ZKH GODREJ CHOTUKOOL Case 2: Focusing on non-consumers
  • 13. 13 3/30/2014/ZKH Godrej Chotukool  Indian market is vast, and a large part still can’t afford refrigerator  Godrej and Boyce went on understanding the ‘untold’ need of this large customer base  Result  Chotukool Refrigerator  Designed for 85% of the Indian Consumers who DID NOT buy refrigerators  Same benefit of a refrigerator  Smaller, more portable  Less power-hungry  runs on battery!  Costs under $70
  • 14. 14 3/30/2014/ZKH GROUP CLASS ASSIGNMENT Write down five things that a coworker or friend can only do by relying on an expert or going to a central location. Think about ideas that would let these people do it themselves for any one of the above – something not prevalent in the country. Chalk a solution for the relevant brand.

Notas do Editor

  1. Field diverse customer teams.  One bank added members of the back-office support group to its customer team, supplementing the usual customer-facing roles. IBM sends senior teams from different disciplines into the field to meet customers and develop a deep understanding of how to serve them better.Learn together with customers. GE invited its top customers in China, along with local executives and account managers, to a seminar on leadership and innovation. Doing so not only helped GE executives better understand the mindset of Chinese counterparts; it also helped them to influence that mindset.Lean forward and anticipate.  Focus on what customers will want tomorrow, as Steve Jobs and Richard Branson did so exquisitely.  Try to envision different futures through tools like scenario planning and then explore how underlying market shifts may affect your customers.
  2. Who they are?• Where they live?• What lifestyle do they lead?• What car they drive?• Their perceived need for your product or service?• Would they buy it from you?• How much would they be willing to pay?• Have they heard of your company or product? If so, from where?• Where would they go to source this type of product or service?• Have they sourced it elsewhere? If so, where and why?• What magazines and newspapers they read?• What TV channels or shows do they watch?• What radio stations do they listen to and at what times?• What websites they visit?• How do they like to be communicated with? Email, phone and/or by post?3. Keep