Friday, September 5, 2008
A dose of positive energy – Seven Cups at a time
Session by Dr. TT Srinath, Personal growth and organization consultant
“Look at your poor scores; you are useless”- remark of a disgruntled father!!!
“I don’t like my manager’s attitude, its hell to work with him “ - disparaging charge of an annoying employee,
“I met with only failures, I will never have a good future” - words of a unfortunate businessman,
“I failed to crack my medical entrance, I am not good at any thing in life” - frustrated emotions of a young student,
“I am dying out of work pressure” – common idiom of IT workers
“Life is boring and monotonous “- fuss of almost every BPO employee!!!! …
All these statements have become cliché in our day to day life!!!! Words filled with boredom, hatred, pessimism, cynicism ….. Come on give me a break!!!! Why our complacent life turned too complex today … Where we lost the smile that we have carried with us to this earth, where can we unearth our buried happiness ... where are those DNA‘s or cell’s present in the body that induce negative cues in us !!!!! How can I become as happy as when I was a child!!!!
All these questions that hit hard in my mind got due answers during last week’s guest session on “Seven qualities of self-management”
As we were all waiting for the guest speaker of the day, a gentleman adorned with serene face and green kurtha appeared before us!!!! .. Enthusiastic speaker introduced himself as T.T Srinath, a sensitivity trainer and a business man. All the eyes in the hall lit up and eyebrows went up when he revealed his other facet as a theatre artist with Madras players and his cameo in the movie “Guru”. Yes, the same Dean Shastri of Madras Players’ stage version of five Point Someone.
Thousands of thoughts running across 75 minds stopped for a moment and converged towards the profound words of the speaker when he started his session by affirming that we are co-creator of every single event that we come across in life and we are equally responsible for hatred as much as we are responsible for happiness that we experience in life!!! Sounded whimsical,,, ,,but true “ That businessman would have proceeded with wrong strategy without knowing the pulse of customers unknowingly “,,, even beyond that he desperately shuns himself from the world of opportunities by relying on his past failure ,,
We were all moved when he shared his personal set backs and how he came out of debacle … and inculcated the most important factor which many of us forget consciously or unconsciously “self – appreciation”, at some point in life we failed to look at ourselves proudly and started searching for something else which we don’t have rather than discovering our unique talent. Yup!!! I got the answer for young student, he may be bad in his medical test, it’s just one thing, there are N-1 things in life which he may be good at, and he failed to discover and appreciate his other talents!!!!!
Third quality of self-management that he mentioned was “unconditional acceptance”, we are too dogmatic to accept the fact!!! When we are ready to accept every one with out any condition, we can get rid of some unwanted worries in life…yes the disgruntled father doesn’t want to accept his son with poor grades … and did not want to explore his son’s other potentials.
As we were assimilating Mr. Srinath’s profound ideas in his mesmerizing speech, he also made it lively and enthralled every one with witty anecdotes. We did not notice that we have crossed the time limit … though the speaker was not able cover all the seven important qualities within the time, he summed up with the most important fact that every one should understand in life …“happiness is within us and not an external stimuli “and left us with the message “Be sensitive to others, keep in good cheer and appreciate yourself. You will find the life vibrant and fulfilling”
Divine words. Panacea for all our worries. Thanks a lot sir!!!!!
Contributed by Arun Saravanakumar, Marcom Varsity
Publicity VS Advertising !
Session by Mr.Nytik Joshi, Senior Manager- Marketing(TTHL), Hexaware Technologies
In this digital era of burgeoning media, clutter and noise, there are numerous vehicles through which one can take the product message to the customers. But, when there are serious limitations in such a scenario, Mr. Nytik particularly took up Al Ries’ law of publicity and the law of advertising during a typical Sunday marathon session at CBS.
The Law of Publicity
“Brands are born with publicity and not with advertisement”
The Law of Advertising
“Once born, a brand needs Advertising”
Advertising is something where you involve sizeable monetary investment in order to promote your product or message. Whereas, Publicity is a commercial exercise in which, strictly speaking, there is no money transaction made. Publicity is something free of cost to promote or take your product to the end users. Also, Publicity is an endorsement through a third party which is far more credible than an exercise that blows the own trumpet.
“Unlike advertising which you can decide when you want to put up an Ad
PR takes time to built up and gain momentum”
Not just one or two, we literally ran through the cases of a plethora of brands that include Botox, Volkswagen, Vespa, Red Bull, Harry Potter, Jet Blue, Linux, Starbucks, Google, Palm and The Body Shop
Mr.Joshi buttressed the point that PR is like an Aeroplane take-off, which involves comparatively low risk and high return, whereas, Advertising is like a rocket’s take-off, which involves high risk and high return. It is always better to use the combination of both PR and advertising. Brands should be given birth in the lap of PR and after a certain stage it should play through Ads. A remarkable case was that of Microsoft XBOX. Microsoft created a huge interest through their buzz even before the launch and they didn’t spend a single penny on advertising before the launch and the newspapers had an article on Nov 1, 2001, which was a part of the publicity exercise.
Few more recent brands which has immensely exploited the publicity route are Cisco, Dell, Oracle, Microsoft, Palm, SAP, Sun Microsystems, Ebay, Google andYahoo
He also took us through the reality about the two sides of a PR coin:
Positive power of the positive PR
Negative power of the negative PR
The important aspects discussed during the session were,
Advertising is self serving, what you say about you has little or no credibility. People trust media, the third party effect.
What makes news? Being 1st in a new category makes news. Not being better than your competitors.
Why PR is important? Being 1st in market is worth nothing. Being 1st in mind is worth everything.
Finally the session was wrapped up with some incredible ideas on new age marketing:
· PR is more powerful than Advertising
· Advertising dollars cannot compensate for the lack of favourable PR
· If you can’t be 1st in a category, create a new category for you
· Most Advertising agencies focus on the wrong concept
· If Advertisement is so powerful why don’t Ad agencies advertise?
· There is a consumer reaction against Ads
· PR should take a lead role in Brand Building
· Many established brands don’t spend more money on brand
PR should focus on the new and different, that’s how brands are built.
Advertisement should focus on the old and familiar, that’s how brands are maintained.
When Chennai was having its first ever marathon, we had this engaging marketing marathon at Chennai Business School. Quite an interesting and charming session for continuous 3 hours, full of interesting examples & cases, we even forgot to have a break in between. Thanks a lot Mr. Nytik.
Contributed by Uma Shankar Pandian, Marketing Varsity
Monday, September 1, 2008
A feel of retail !
Special session by Mr.P.K.MOHAPATRA, President & CEO, Technology Business Sector, RPG & Chairman- Retail Varsity & Governing Council Member, CBS
“A feel of Retail” were the words mentioned on the first slide of his presentation, but, the students got much more than a feel of it. For those who believed that there was nothing much to discuss about the Retail world, this session was a pleasant surprise. It was an eye opener for the marketing and the marcom varsity students as well, as they gained useful inputs which would play a crucial part in helping them understand the business world better. The quantum of knowledge that was delivered was fundamental in nature but crucial as it laid a foundation about the retail world in our minds.
He started off by giving us a comprehensive definition of the word Retail and its meaning; “Organized retailing presupposes an ability to influence, or more importantly manage a set of supply chains to be able to deliver value to the customer in a commercially sustainable & viable way”. He stressed more on the ability to influence, delivery of value and the commercial viability, which, as he explained, formulated the crux of any Retail establishment. We were simultaneously subjected to an array of general knowledge questions which covered not only the Indian market but the international scenario as well. We were introduced to the “who’s who” of the retail world, in the process.
Some of the interesting information were:
“10 million retail stores in India alone, making it the largest booming retail hub in the world”
“7/11 being the Largest convenience store in the world”
“Ginza district – Costliest shopping district in Japan” etc.
He then, took us through a journey about big guns of the international Retail market like M&S, NEXT, TESCO, HARRODS etc. and provided a brief overview about the culture, volume of sale and turnover of each of these business giants. The students received every piece of information with awe and utmost interest. The right amount of fuel was required to be injected to illuminate our minds towards the world of Retail and Mr. Mohapatra did just that, with incredible ease. By the time he finished, he had already captured the imagination of all and had ignited many minds with passion for the retail industry.
He then shifted our focus towards the 3 main attributes of a Retail establishment viz. right price, right quality and right time. He explained that with these three elements in place the success of a retail outlet was inevitable, but even if one of them is compromised with it would have a huge impact not only on the business but on the whole supply chain, thus making it very crucial for the very existence of the establishment.
He then introduced us to the various formats in the Retail world, classifying them on the basis of product categories and size. Mr. Mohapatra followed a systematic approach to explain the magnitude of the various businesses like standalone stores, boutiques, general stores, grocery stores, departmental stores, convenience stores, supermarkets category killers, warehouse clubs and hyper markets. Such was the clarity in the information delivered that the students almost immediately related it to the various shops and markets they had either visited or heard about and clarified which segment it belonged to.
He then highlighted that in-depth understanding of the customer’s needs was one of the main pre requisites and some times a tough challenge faced by retail outlets, because at the end of the day it’s the customers who determine the success of the outlet. Efforts need to be taken, unfailingly, to determine the type or strata of customers the outlet will be dealing with, their mindsets, their preferences, their expectations and last but not the least their opinions of feedbacks, which in turn will determine if the outlet will be enjoying customer loyalty in the future.
After emphasizing the importance of customers he explained the virtue cycle which was a shot in the arm for the students. He explained that the virtue cycle was a very important concept as it was based on the very fundamentals of retailing and each of its aspects depended on the proper execution or deliverance of its predecessor. The merchant provides for value for goods with additional service and by offering various other benefits to the customer which in turn leads to customer satisfaction. He concluded by saying that when customer satisfaction is attained it automatically leads to an increase in the volume of sales and an increase in sales means a subsequent increase in margin which in turn leads to more profit and thus forcing the merchant to continue providing value for goods to sustain the growth and look for a probable expansion in business in the future. Numerous interesting cases that were discussed include Brioni suits, Tie-Rack & BodyShop.
Mr.Mohapatra answered our questions in the simplest of ways and made sure none of the numerous questions that we fired at him went unanswered. He showed us only the tip of the ice berg which was by itself taking a long time for us to digest the facts and figures but we were really grateful to Mr. Mohapatra for at the end of the lecture each one of us developed this insatiable thirst for more knowledge which wouldn’t have been possible if not for his inspiring lecture..
From the moment he walked in and till the moment he wrapped up the lecture, we were captivated by his persona, the volume of information and the style of presentation. We were thrilled to know that he was scheduled to take many more sessions on retail in the future. We are looking forward for that day when Mr. Mohapatra hypnotizes us yet again with his insights from the world of retail.
Contributed by Suhas, Marketing Varsity
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Young Indians @ IIM-A !!!
Hang on, for a moment, if you thought I was narrating a scene out of some novel being written by an IIM alumnus , describing his life out there, then you are wrong. Whatever I mentioned above were my first few glimpses of IIM A from close quarters, when I got an opportunity to take part in the Young Indians World Leaders Summit that was held in the past week in the campus of IIM Ahmedabad.Ok, let me explain what the last statement meant...
The Confederation of Indian Industry(CII) has its wing called Young Indians(YI), which conducts events related to youth in different parts of the country. Since Chennai Business School , is a part of YI, I got the opportunity to take part in this event. I had to go through a preliminary round of selection, which involved submitting an essay on why I should be a part of this Summit .The summit involved selected people from across the country, from various educational institutions, to represent the Young Leaders community , to take stance and discuss world issues currently hampering the state of affairs in various countries. The objective of this event was to help bring all these world issues on to a forum like this and discuss their pros and cons , in order to arrive at possible solutions .Some of these issues that plagued the progress of various countries in the world ranged from Crisis in Iraq to Israel Palestine peace problems, and Oil depletion to violation of human rights .
This objective was implemented using United Nations as the moderator. What it means is that the 4 days of summit over there was a simulation of the proceedings in United Nations , where representatives from different countries of the world , come forward to discuss major issues that are hampering the functioning of the world in peace and sanity. Hence students who were selected from different parts of the country, were made representatives of a particular country , which was a member of the United Nations. These representatives played the roles of Counsuls and Ambassadors of their country in the summit. Each of these representatives /Delegates from these countries were allotted places in one of the departments of UN, namely General Assembly, Security Council and Economic & Social Council.
The summit functioned , trying to replicate the proceedings in United Nations, in a very interesting manner as every representative had to take stances on the issues being discussed pertaining to the foreign policies of their countries. This was quite a learning experience as it made me understand the foreign policies of various countries of the world and realize how politics plays a major role when it comes to taking decisions on a global platform. I was the counsul of Former Yugoslav Republic of Macedonia, ..a country which is surrounded by Albania, Greece and Bosnia. This opportunity of representing a relatively lesser known country on a platform like this , helped me understand the role played by such countries on the global issues. It also helped me realize the fact from close proximity that the world is still governed by the super powers and they call the shots when it comes to issues pertaining to the development of the world. The other countries have limited powers , and their roles are restricted to debating and taking a stance when it comes to consensus on these issues. The big 5 or the P 5(5 Permanent members of Security Council) as they call in the United Nations , decide on whether resolutions are to be passed or they don’t deserve a place in the forum .
The summit also served as a melting pot for people from different parts of the country to meet and exchange ideas and points of views on such issues. This gave me a broad outlook an how difficult it is to discuss an issue of this magnitude, let alone resolving it.
I salute the leaders of this world for the efforts taken by them on one hand but I would request the same leaders on the other hand to keep aside individual country’s interests and work together on a global platform like this to help the growth of each other and thereby make this world a better place to live in for the generations to come.
Contributed by: Pradeep, Batch 2, Marcom varsity
Event’ful Life!!!
Event management as a topic of discussion has always excited me, for the sole reason that it is not as easy as it looks or sounds. The amount of hardwork that goes into it is tremendous. Right from the planning stage to getting the resources assimilated to perform the event the way it has been designed is no meagre task. It requires immense patience on one’s part while dealing with the resources here.
People are the most important resources in such cases , and hence it becomes even more imperative to maintain a cool head, be assertive and yet concerned. The healthy mix of these attributes in one can take you to great heights in life too, as one would have learnt to handle pressure and come out unperturbed. Mr. Bharath was an epitome of these qualities as it was quite evident from the fact that after having things gone awry during the event for the launch of a vernacular movie, he still managed to pull the strings before the last minute.
Apart from movie launches , he also gave us examples of other activities that he was involved in , right from product promotions to new product launches. Every event had one common string running through it, that was the immense importance given to detailing while planning for the event. This level of getting into the details, helps us understand and analyse the matters from different perspectives, ward off any forecasted mishap and thereby enables smooth functioning of the event.
One such example was the promotional rally of Hero Honda Hulk , a new variant launched by the Hero Honda group. Mr Bharath and his team analysed the nitty gritties of the entire rally. Each one in the team was assigned a particular role and responsibility which they had to consistently maintain till the end of the event. There were preparations in place , in case of any untoward incident also to ensure the smooth functioning of the rally. A pre rally test run was also performed to remove the last minute glitches. These measures enhanced their confidence during the real rally and they could pull off the entire event without any hiccups.
Events are an integral part of our life.Learning the art of managing events is not rocket science , but the science that goes into the brains which handle them successfully is something to be written home about.This one is dedicated to all those eventful minds.:)