MARKETING
What powerful brands do
The hidden 5 Ps that are practiced:
Rohantha ATHUKORALE
The fox news channel announced recently that Sri Lanka is the rising
star of the Asian economy which I felt was an accolade we rightfully
deserve due to the strong performance of the private sector in the last
two years and the stable environment that existed in the macro
environment.
The Cargills supermarket chain has earned a reputation to be one
of the most powerful brands |
However at last week’s FCCISL’s Key Person’s Forum where the Japanese
Ambassador cautioned the business community that a more aggressive
development agenda is required on trade and investment was an eye opener
that we need to set the bar way higher than what we are currently at.
My estimate is that it at the current performance we will deliver a
five to seven percent growth which is essentially organic in nature.
If we want a ten percent plus growth then the development agenda will
have to be on a new terrain which is essentially what the Japanese envoy
was inferring.
May be the best case in point will be the apparel industry of Sri
Lanka that took Sri Lanka’s growth agenda on a new trail way back in the
1980’s. The key question is what is that big ticket item that we need to
chase after?
World in turmoil:
The recent uprising in Egypt that is getting cascading to the rest of
the Arab world is upsetting the development agenda of many a countries,
given that globally we are yet to recover from the financial crisis that
shocked the world some years back.
Apart from the spiralling inflation due to weather issues across the
world, the surging oil prices are adding to the inflationary pressure
that the world is up against that adds to the woes of a country that is
driving on a new economic agenda like Sri Lanka.
Rohantha Athukorale |
Going back to the revolutionary budget that was presented last
November, as the former head of the National Council For Economic
Development (NCED) I was excited and was looking forward to year 2011
and 12 where Sri Lanka’s economy will be unleashed to high gear just
like the statements that Fox TV channel referred to us the Rising star
of Asia.
But when La Nina battered us in January and then followed with
another burst in February, we were once again ploughed back to emergency
evacuations and emergency food, clothing and shelter modes which took
away the shine of Budget 2010 and 11.
A point to note is that a 10 dollar increase in oil prices shaves off
a half percentage of GDP which gives us an indication of challenges that
we are up against for balance part of the year.
Brand aura
In this backdrop of the macro economic challenges, Sri Lanka invests
almost a 35 billion rupees to bombard a consumer with advertising to
catch consumer attention.
This value can be way higher as much as even 50 billion rupees with
the below the line marketing spend that tells us the optimism that the
private sector has demonstrated last year. I am very confident that the
private sector will continue its resiliency and take the economy to a
seven percent plus GDP growth.
From a brand marketing perspective what really intrigues me is, why
some brands succeed with limited advertising muscle whilst others crash
with such a roar, even after a string multimedia campaign. In my view
there is something right that Powerful brands do and others do not. Let
me capture some of them. I am going to term these the hidden 5 Ps of
Powerful brands.
1. Principles:
In my view Powerful brands demonstrate their values in every decision
that they make. Infact they go on to make a statement to their customer
at different stages of the purchasing process.
Such companies carefully architecture the impression that want to
leave in a consumers mind every time they come in contact with the brand
and then they implement it with absolute precision.
For example if we take Tintagel the boutique hotel in the city, from
the point a customer enters through its stately gates to parking the
vehicle and then walking to the restaurant, they leave a clear mark in a
customer, that makes the experience unique. A point to note is that at
each touch point the customer experiences the principle by which
Tintagel operates. This is what makes it a Powerful brand in my view.
Hence the task for a company wanting to practice this “science of
touch point” must first identify these consumer touch points and then do
the needful in the recruitment and training of its staff so that gold
standard implementation is possible.
This is what I would call Principles based operations in a company.
House of Fashion is one such company where they make a mark on the
premise of a no frill store which offers value for money merchandise.
2. Promises:
Here what we see is that powerful brands analyses the underlying
motivation that makes one get into bed with a brand. For instance the
reason why someone will go in search of a Siddhalepa balm is because he
or she believes that by applying Siddhalepa one can get relief from a
nasty headache.
Meaning, powerful brands deliver promises that they are supposed to
be selling continuously. Those who do it with impact makes the brand
taking residency in a consumers mind, which in turn elucidates trial and
loyalty that results in an increasing in sales. I guess this is the
essence of a powerful brand.
But a point to note is that successful brands are driven by
individuals. Their personal motivation fuels the organization which is
where the importance of brand management comes into play.
Money is not the prime reason for a brand to move in my view. It is
more the convergence between the qualities of the person who drives a
brand and the promise the brand offers to a customer.
Which means that it will require careful recruitment than training.
The best example in Sri Lanka to illustrate this point is DHL. From the
CEO down to a front liner the promise of ‘delivering the impossible’
takes form in their behaviour.
Hence the delivery of a promise becomes a way of life to an employee
than an exception. I also believe that this ethos holds true on a
service brand like Cinnamon Grand, where every employee delivers that
‘Cinnamon Magic’ which cuts out the property from the rest in the
industry.
I guess this is the reason for the brand to carry away the ‘Best City
hotel award’ for the three years consecutively.
3. Production.
I also believe that powerful brands create a WOW every time a
consumer comes in contact with it.This involves a careful engineering of
the colour schemes, music, temperature, lighting, dress code of the
staff and the workers attitude to meeting people.
Odel is one of the best cases in point that comes to my mind that has
done this engineering successfully that leaves a WOW every time one
visit the store.
The challenge is to keep this spirit continuously. Believe me, It is
tough in Sri Lanka with this ‘Island mentality attitude that exists’.
But, we are fast turning around and may be by the time Shangrilla comes
to Sri Lanka, we will be excellent on service delivery.
4. Press.
I have noticed that powerful brands get strong press coverage. The
key is the noteworthy press exposure than the occasional photography
that rolls out in the media. We need to carefully evaluate the avenues
that are available and how the information that we release fits into the
story and brand. In the recent past we have seen how some focused
information has been generated from the Industry and Commerce Ministry.
The information that has rolled out has also been relevant, which
tends to add the brands equity. The challenge is how to maintain this
trend than just been see one media that actually hurts the brand
imagery.
5. Prizes.
Evaluating the performance and rewarding the right behaviour are
hallmarks of a powerful brand. Finding out opportunities to recognize
and reward those that demonstrate these values tends to bring out the
Brand Promise.
Always remember that if you want to change behaviour then, reward the
behaviour that is in line with organizational values.
In Sri Lanka a company that does this well is Cargill’s Food City
supermarket chain. I guess the brand has earned its way up to be one of
the most powerful brands in Sri Lanka.
The company crafts its communication very sharply together with
locating its stores strategically ‘on the way home’ slogan that has made
it a top of the mind brand in Sri Lanka.
I guess when a brand is powerful it can attract some good talent too.
Which is exactly what Cargills has done in that last couple of years and
today, it can be rightfully called a power brand of Sri Lanka.
I am sure there are many other elements that make a brand powerful.
But I would capture the above five points and term it the hidden five Ps
of marketing that make some brands stand out in the market place whilst
some just continue to be on the shelf.
SLIM-Nielsen Peoples Awards :
Giving voice to people
With the stage set and ready, the Sri Lanka Institute of Marketing
(SLIM) is ready to unveil the choice of the people at the SLIM-Nielsen
Peoples Awards which is to be held on March 15. The SLIM-Nielsen Peoples
Awards is held annually to recognize the brands and personalities that
have left a lasting impact on the people of the nation.
SLIM President Rohan Somawansa, SLIM Vice President Thushara
Perera and Project Chairman Ruwan Liyanagamage. Picture by
Sumanachandra Ariyawansa |
The Peoples Awards are significant because it allows the people to
choose their favourite brands, companies, personalities, advertisements,
films, tele-dramas etc., instead of having the companies and
personalities apply for the awards. This year’s research has a more
representative sample of people, as it includes the North and East of
the country for the first time.
SLIM President Rohan Somawansa said, “As part of the Peoples Awards,
SLIM looks at the ‘people’s choice’ which is the ultimate decision maker
in marketing strategies. Any marketeer who wants to see the success of a
brand should understand and heed the people’s choice.
SLIM always stresses on the fact that marketeers should be
research-biased in their decision making and the Peoples Awards is yet
another step in line with our objectives.”
SLIM, the national body of marketing has programs to encourage best
practices in research, branding, advertising and sales which are the key
pillars of marketing.
A brainchild of SLIM, and backed by Nielsen, the largest research
company in Sri Lanka, the SLIM-Nielsen Peoples Awards saw its inception
in 2006 and has been held annually since.
SLIM Vice President Thushara Perera said, “As much as the awards give
the public an opportunity to laud the brands that are dear to them, the
research done also gives corporate entities insights regarding
top-of-mind awareness and how their brands are perceived by consumers.”
Project Chairman Ruwan Liyanagamage said, “What has always set this
event apart is how relatable it is. It appeals to those in the business
and marketing field for its precision in accurately identifying the
brands that are hot in the people’s minds, as well as a sense of
competition.
It also creates a sense of interest in consumers as it reflects their
opinions. In essence, it’s like a Grammy nomination for those in the
business field and once again the people have chosen and all that is
left is for us to hear their decision.”
To maintain fairness and ethical standards across the board, the
survey spanned a period of five months and for the first time in its
history the survey was also conducted in the North and the East, where
randomly selected males and females between the ages of 15 to 60 years
were interviewed.
The data for the survey was captured through face-to-face interviews
using a structured questionnaire by Nielsen field research officers who
are specially trained to conduct interviews of this nature.
The survey commenced in September 2010 and ended in January 2011,
with a total of 2,700 individuals having been interviewed throughout the
island.
Nielsen Managing Director Shaheen Cader said, “Marketing decisions
should always be research-biased. Hence, this is an excellent
partnership which decides where exactly a brand should be positioned in
the consumer’s mind and how successfully it has been placed. I must say
that we managed to include a sample from the North and the East for the
first time in Sri Lanka.
We have discovered many interesting insights which we are planning to
share with you all at the event and will be available for you
post-event. So I believe this is an excellent opportunity for marketeers
in Sri Lanka to understand their customers.”
This year’s awards are sponsored by Elephant House - KIK Cola and
co-sponsored by Sunquick and DSI. Media partners for the event are ITN,
Lite FM and Neth FM.
Creative partner for the event is Lowe LDB while GPR is the public
relations partner. Blaze Media is the digital media partner, and Sign
Tech is the service sponsor for BTL advertising and awards.
The video production partner is TVT and the hoarding partner is
Studio 21, while the photography partner for the event is Ninehearts and
the printing partner is Ceylinco Computer Forms. |