Sunday, 24 April 2011

Brands are bought, not sold

Shaziya Khan's Blog: Brands are bought, not sold
Brands that matter are bought, not sold, said an idli to me.
 
Is that a twist on a technicality ? Or the same difference, as some smugly say?
 
Or is it indeed a profound view on how to create, craft and steer brands?
 
 
 
 
Cafe Madras is where this idea dawned. The waiter, swift on his feet, brings the idlis in a jiffy and the bill is even faster, timed to the second you have gulped the last delicious crumb. "Anything else?" he says. Euphemism for "Please leave if you are done eating!" No one in a fine dining place would, but in cafes like these, it is normal. It is expected. It is all part of their legend and charm. The food is fresh, the value immense and the character unspoiled. Stoic, simple, no fuss, down-to-earth. In a word - authentic to the last. And people queue up early, even on Sunday mornings for this . The waiting is on the road, no special treatment, no sweet nothings exchanged to make the wait pleasant. A brusque nod, a quick note of the numbers. They call you in when they can and do not entertain any urgings.
 
The whole take-it-or-leave-it attitude underscores their unique promise. Cafe Madras GETS its own brand. It does not dilute its CafĂ©-Madras-ness. And it's bought. With joy.  Discomforts of heat, crowds, hard seats, brusque and brisk service are not only overlooked, they are elevated as a unique experience! 
 
That sense of identity determines whether a brand is bought or sold. 
 
The question to ask is are we creating an idli brand that goes about being true to itself in an in-your- face, undeniable way? Or are we building an idle brand that needs to be hard sold? That universal and unisex directive of standing tall and strong for your values - C'mon, be a man - has a branding equivalent, C'mon be an idli!

Saturday, 23 April 2011

Nokia profits slump with huge falls in North American division

Profits at Nokia have fallen by 10% year on year to €439m but the partnership deal with Microsoft has finally been signed after 10 weeks of negotiations.
Nokia's Stephen Elop and Microsoft's Steve Ballmer
Nokia's Stephen Elop and Microsoft's Steve Ballmer
Sales rose by 9% year on year to €10.4bn but slumped by 18% compared to the last quarter of 2010. Devices and services fell 17% to €7.12bn compared to the final quarter of 2010, but rose 6% compared to the same period last year.
In its forecast, Nokia expects sales to fall further in the second quarter of 2011, to between €6.1bn and €6.6bn.
However, the deal with Microsoft, announced in the winter, has now finally been signed with new handsets with Microsoft operating systems available in late 2011 or early 2012.
Stephen Elop, chief executive of Nokia said: "In the first quarter, we shifted from defining our strategy to executing our strategy. On this front, I am pleased to report that we signed our definitive agreement with Microsoft and already our product design and engineering work is well under way.

"Following a solid first quarter, we expect a more challenging second quarter. However, we are encouraged by our roadmap of mobile phones and Symbian smartphones, which we will ship through the balance of the year. We are fully focused on delivering the needed accountability, speed and results to positively drive our future financial performance."
According to a Nokia blog post, signing the deal with Microsoft took place more quickly than expected, and the two companies have commited 'hundreds' of people to the project and called for developers to contribute to developing new apps and games for the Windows Phone platform.
Nokia's performance varies considerably from market to market. In northern Europe, sales fell 5% compared to the first quarter of 2010, and by 33% compared to the last quarter of 2010.
In North America the performance was worse, with sales slumping 36% year-on-year, and by 40% compared to the previous quarter, but starting from a much lower base.
China was the only market where there was growth on both measures, increasing 30% year-on-year and 13% quarter-on-quarter.
Sales were also down in Asia-Pacific, by 3% year-on-year and 18% quarter-on-quarter.
In Latin America, sales were down 22% quarter-on-quarter by up 29% year-on-year. In the Middle East sales were down 8% year-on-year but up 8% quarter-on-quarter.
Average selling price per phone also fell by 6% overall, to €155 for smartphones and €39 for feature phones.
Nokia's results follow contrasting numbers from rival technology companies.
Apple sales soared by 95% to achieve another record quarter on the back of iPads and iPhones, while sales of Sony Ericsson fell 22% in the first quarter, but the figures have not taken into account the launches of new Android-based handsets.

Google Finally Hits Market With Own Groupon Clone: Offers

There are so many Groupon clones today, a new breed of ad networks and exchanges has grown up to satiate the ever-expanding appetite for deals. With so many media companies following Groupon and LivingSocial's lead into the daily-deals market, at least a dozen companies are providing the technology and manpower to sell to local merchants. After all, BAI/Kelsey Group estimates the deals market will reach $3.9 billion by 2015.
Google has had a relationship with one such company that's amassing a sales force and extra deals inventory, Adility. "In Portland, with their campaign for Google Places (its local business service), [Google] reached out to local merchants and used us and our elastic sales cloud to turn on reps for them in a certain markets," Adility founder-CEO Thomas Cornelius told Ad Age last month.
Google launched Offers yesterday with a YouTube video promoting the service. The beta test will first roll out in Portland, Ore., with more cities coming soon. While details are still slim, the service will launch with deals distributed via email. No mobile component appears imminent, besides an animated smartphone in the launch video.
Advertising Age Embedded Player
Google Offers
"Yesterday we launched a marketing campaign inviting Portlanders to sign up for a test of Google Offers -- to get great deals delivered right to their in-boxes," said a Google spokeswoman via email. "Offers is part of an ongoing effort at Google to make new services that give consumers great deals while helping connect businesses with customers in new ways." Google stressed this isn't a product launch, just a marketing push to get users to sign up; Google will have more details on what will make this product unique once it officially launches.
Meanwhile, since launching in November 2008, Groupon has already 60 million subscribers in more than 500 global markets with its email daily deals and has recently set its eyes on mobile deals with Groupon Now and its recent acquisition of location-based service Whrrl. Groupon and LivingSocial have raised a staggering $1.4 billion and $632 million, respectively, to expand globally as other well-funded competitors (ahem, Google) enter the space.
Reports that Google would launch a Groupon clone emerged in January, after the deals service spurned a $6 billion-buyout bid from the search giant.

Tuesday, 19 April 2011

Navratna companies - Most Successful Public Sector Enterprises of India

Navratna title is given to most successful nine Public Sector Enterprises (PSEs) of India in the year 1997. Now the number of Navratna companies rose to 19. These Navratna companies are profit making and globally competent companies of India. These industries and companies are pride of India, have their mark of presence in the global economy. We have listed these 19 Navratna companies as following :
  • Bharat Electronics Limited : BEL is one of the electronics companies in India and it got the status of Navartna from the Government of India. As of April 1, 2008, BEL's order book is estimated to be around Rs.9,450 crores.
  • Bharat Heavy Electricals Limited : BHEL is largest engineering and manufacturing enterprise in India. Its products are power generation, industries, transportation, renewable energy, oil and gas and transmission. This PSU has good track record for last fifty years.
  • Bharat Petroleum Corporation Limited : BPCL is one of largest oil and gas company in India bearing the status of Navratna. It is one of finest oil companies in India, in the arena of petroleum industry.
  • Coal India Limited : CIL is the world's largest coal miner and best PSU owned by the Government of India. The headquarter of the CIL is in Kolkata, India. Its a coal mining and production industry.
  • GAIL (India) Limited : GAIL was known as Gas Authority of India Ltd. Its one of largest gas transportation PSU of India.
  • Hindustan Petroleum Corporation Limited : HPCL is one of giant oil companies in India. HPCL got the Navratna awards from the government of India. It's also a globally recognized company of India.
  • Indian Oil Corporation Limited : Indian Oil is a PSU of the government of India having the Navratna status. It's major products are petrol, diesel, kerosene, LPG and petrochemicals.
  • Mahanagar Telephone Nigam Limited : MTNL is Government of India owned telephone service provider. Most recognized company in the telecom arena. First 3G Mobile service was stared by MTNL in India. '
  • National Aluminium Company Limited : NALCO is the Aluminium manufacturing industry of India. It's is recognized globally for its latest and finest technology in Aluminium manufacturing and also largest industry in aluminium complex and encompassing bauxite mining.
  • Oil India Limited: Oil India (OIL) is the pioneer in exploration and production of hydrocarbons in India, and traces its roots back to Oil India Private Ltd.
  • Power Finance Corporation Limited : Its a major financial PSU in power sector in India. It's advances the loans like - rupee term loan, foreign currency loan and short term loan.
  • Steel Authority of India Limited (SAIL) : SAIL is one of the highest profit making PSUs in India. It was founded in 1954. With the annual production of 13.5 million metric tons, SAIL is the 16th largest steel producer in the world.
  • National Thermal Power Corporation : NTPC Limited is one of largest power generation company in India.

Monday, 18 April 2011

BSNL launches the ‘51010 Dial-a-Video Service’

BSNL launched the much awaited ‘Dial-a-Video’ service in collaboration with Percept Knorigin at a gala inaugural function held in Chandigarh on Sunday, 10 April, 2011.  Shri Sachin Pilot, Hon’ble Minister of State for Communication and Information Technology inaugurated three new Value Added Services “Dial-a-Video” for 3G mobile customers of BSNL at this launch function.
Speaking on the occasion S.S. Sirohi, Chief General Manager Telecom, Punjab Circle elaborated on the benefits of these services to the customers and their potential of generating huge revenues for BSNL. “These ‘first of its kind’ services in entertainment are targeted at youth and professional segments of the market.”
BSNL is bringing these ‘state-of-the-art’ services in collaboration with its technology partner Percept Knorigin. Mr. Sirohi expressed hope that with appropriate pricing, marketing and business development strategy BSNL may be able to generate revenues to the tune of Rs.200-300 crores from these premium services in the next 2-3 years. In addition to this, such services not only enhance the BSNL brand image by adding the much needed zest and youthfulness to the brand but also go a long way in boosting adoption and uptake of 3G services.
Commenting on the launch of ‘51010’ Dial a Video service, Daman Soni, VP Global Sales and GTM, Percept Knorigin said, “Consumers are increasingly moving towards the concept that they can watch content on any device. Our new model of Video service offers the perfect synergy of rich and diverse content combined with a remarkable network from BSNL to deliver the best of entertainment options to our consumers without any hidden costs.”
BSNL subscribers can make a video call to 51010 to watch Live TV and enjoy an exciting assortment of videos at Rs. 2/- per minute only.
What sets this service apart is its no-frills attached features. The user doesn’t have to download any application, access any portal, activate any special service and most importantly won’t be paying any data usage or download charges. All that is needed is a handset with video calling facility and a BSNL 3G connection.
After subscribers make a video call to 51010, they will be greeted by a menu which can be operated through the phone keypad. The user can then choose Live TV and watch popular channels like Aaj Tak, Star News or videos from different genres like music videos, comedy clips, sports, kids programs, devotional and health & fitness.
Subscribers can also dial 5101000 and choose from the various subscription packs. Users can choose to pay Rs. 25 for 15 minutes of usage with a validity of 7 days or can go the long haul by paying Rs. 299 with unlimited usage for 30 days

Sunday, 17 April 2011

Some significant factors investors need to track

Last week, the markets started on a weak note and went through a correction after the announcement of a lower-than-expected Index of Industrial Production (IIP) number. However, they consolidated and made fresh moves towards key resistance zone (6,000 for the Nifty and 20,000 for the Sensex) in the latter part of the week on the back of positive global cues, and higher expectations from the results season.

Analysts believe the fresh buying support from domestic and foreign institutional investors is keeping the undertone bullish in the markets. The political and economic situation in the global level is still turbulent. In Europe, the debt crisis is knocking on the doors of economically weaker nations.

On the other hand, Japan is yet to completely stop the radiation leak from its damaged nuclear reactor. The markets have appreciated significantly over the last few weeks and most of the positive factors are already been factored in the valuations. Investors should exercise caution and fresh investment decisions should be taken only after careful study of the results and management guidance.

These are some of the major developments of the previous week that are expected to drive the sentiments and market direction in the short to medium terms:

US economy improving

The US economy shows signs of a slow but consistent improvement. The creation of new jobs, which was a concern since the last few quarters, has also improved during the last few weeks. The early bird results of the first quarter of large US companies have been quite good so far, and have created positive sentiments in the markets.

Investors should track the first quarter results of large US companies. The results season in the US will influence the market sentiments across the globe.

IIP data

The growth in the Index of Industrial Production (IIP) for February fell to 3.6 per cent from 3.9 per cent in January. Lower growth in mining, power and consumer goods led to this drop in the IIP number. Investors should not read too much into the IIP numbers, as they look subdued due to the higher base effect of last year.

However, investors should certainly feel concerned about the lower IIP growth to some extent. The series of interest rate hikes by the Reserve Bank of India (RBI) have certainly played a role in denting the industrial growth and have resulted in the lower IIP number. Analysts believe a further rise in interest rates from the current levels will dent the growth in the manufacturing sector some more and that is not a good sign for a growing economy.

Tuesday, 12 April 2011

Digital Marketing Event Ad:tech from April 27

New Delhi : ad:tech, Technology and Advertising Event is set to make a debut in India, with New Delhi being the first city to host this event on April 27 and 28, 2011 at The Leela Kempinski, Gurgaon. With 10 shows in 7 countries, ad:tech has been providing media, marketing and technology professionals with the tools and techniques required to succeed in a changing digital world for over a decade.

ad:tech is being brought to India by the New Delhi-based NetworkPlay Media in partnership with UK-based DMG Events. Commenting on the significance of the event, Rammohan Sundaram, Event Chairman at ad:tech India and Founder, CEO & Managing Director at Networkplay Media Pvt Ltd said, “ad:tech aims to bring together professionals and thought leaders in the digital advertising and marketing space on a common platform to meet new partners, potential customers and network with service providers from the country.”

According to a FICCI report in December 2010, digital advertising will continue to generate huge interest and is expected to grow at a compounded annual growth rate of 29.6% over the next five years. “Digital advertising has become a vital part of the overall advertising mix for marketers. Riding the wave, I believe digital media with its capability of connecting the marketers to its customers will lead the marketing and communication for years to come. In addition, increasing awareness among advertisers and increase in mobile penetration are driving the growth of this medium” adds Ram.

The exhibition cum conference will include presentations by global experts like Babs Rangaiah, VP Global Communications Planning Unilever, Elisa Steele, CMO Yahoo Inc, David Fisher, Global VP of Advertising & Operations, Facebook, Pearl Uppal CEO of Fashionandyou.com, Rajan Anandan MD, Google India & Sav Evangelou Executive Creative Director, Digitas UK and a joint keynote from Joshua Maa & Takayuki Hoshuyama from Madhouse China and D2 Communications Japan respectively. Ram further adds that “Through the event, we aim to bring together creative/media agencies, digital media experts, product /brand managers, marketing heads, mobile service providers, media buyers and planners among others to discuss and deliberate on issues around the growth of digital marketing in India.”

The interactive advertising and technology event has sponsorships from Rediff.com, Vivaki, Indiatimes.com, Blyk, Microsoft Advertising, in.com, Ozone Media, SapientNitro, Yahoo!, 160x2, Communicate2, Deals and you, Magnon Solutions, Fashion and you, Hover.in, InMobi, Komli, Media Contacts, One97, The Wall Street Journal, Adtech, Ohana , Neilsen, Vdopia, Comscore, Ibibo, InMobi, and Vserve.

With over 55 brands showcasing their products and services, ad:tech will blend keynote speakers, topic driven panels ,workshops and exposition to endow attendees with the knowledge that they need to compete in a changing world.