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Topic : Product Management Productivity
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Created by : Makrand Bhave, Marketing & MICE, WIZCRAFT International  | 05 06 2010 07:18:04 +0000
Industry : Advertising/PR/MR/Events
Activity:  268 views;  last activity : 07 06 2010 20:18:09 +0000
I had come across this amazingly interesting Q&A on a website peerpower.com by a gentleman called Praveen Varma. The beauty of this question is that it has a very pendulous quality because if you really look at answers that are possible they are easily ivided both ways. There is a very dangerous but tempting side that says why not? And then there is the siple sober side which says.. NO, why?? I would like my network friends t answer this keeping in mind the tempestuous nature of making oodles of money and consciously denying oodles of money!!!
 
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Its not possible Vs Its possible
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Its a dangerously sweet temptation. On one hand you have the temptation of making pots of money and then what???..... Think carefully... I would not really advise it :)
By Makrand Bhave, Marketing & MICE, WIZCRAFT International  05 06 2010 07:18:04 +0000
 
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Yes, practically it is possible to brand anything and anytime. What is important is that the brand should work upon the prospective buyer’s perception.

Nevertheless, it would require an immense qualitative skill of a marketer to re-brand a product, service or idea based on its current attributes as well as customers' mindset, otherwise it could be counterproductive.


By akshaya bhatia, HEAD IT, Mega Cabs-GROUP MEGA Co., In a transit mode now  05 06 2010 13:54:18 +0000
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Rebranding need a lot of time and strategies. its a complete time consuming factor. so it makes you think twice to go for rebranding. unless you are the giant players in the market then going ahead makes sense. Or else stick to new promotional activities.


By ankur jain, Associate/Senior Associate, NJ INDIA INVEST  | 05 20 2010 05:03:09 +0000
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I agree with you Mr.Makrand Ji, but re-branding of a product after reconditioning requires very cautious thinking to venture. But success depends upon the type of focus employed to market the re-branded products in order to gain the acceptance of the targeted market segments. Anyhow it becomes a new brand in the market and the marketing organization should deploy the proper and effective strategy to create the required vibration to win over the minds of the customers.


By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 05 19 2010 15:43:03 +0000
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it is not possible if a product  dosent kick at the intial time I dont think it can regain bcoz a dead man cannot wake up that is same in brand also unless the name and design changed


By Davies francis, Analyst, self  | 05 08 2010 12:36:57 +0000
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I really dont agree to Rebranding as has one has to look on both sides of the coins...

Rebrading can be acceptable to certain Products ..... but will be a big problem in case of FMCGs and all.... The high Capital Value Products can absorbes such kind of Variations in Branding & all..

The best way is to withdraw it from the Market and Relaunch it with different brand with Proper Value towards offering...

The customers are even sensitive for Brand colors, Product Packaging etc... so Playing around with the BRAND Name may not be the good idea at all....

BRAND basically is Identification of Product which has Value in Heart & Mind of Consumer...


By Sampanna Shastry, Deputy Manager- Marketing & Sales, Arani Power Systems Ltd  | 05 06 2010 09:19:24 +0000
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today people don't go with quality they either buy brand item either they buy cheap item.so making them buy my new worked item won't be impossible at all/.


By BHARAT KUMAR ANYAW, Construction-Construction Management, SARVODAYA GROUP  | 05 20 2010 08:35:43 +0000
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yes it can be.if u change its cover the product inside changes.
By BHARAT KUMAR ANYAW, Construction-Construction Management, SARVODAYA GROUP  | 05 19 2010 16:03:38 +0000
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It is possible to brand an existing product taking utmost care of present positioning in the market as well as buying prospects. The outlook of the product & features shall be highlighted in a better way.
By Vishal Jindal, Head - Operations, Globe Automobiles Pvt Ltd  | 05 11 2010 13:58:58 +0000
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it can be branded but special care should be taken and strategy need to be defined. believe me it would be much more effective as it was earlier.
By HEMANT VERMA, Marketing and Branding, NAVNEET PUBLICATION INDIA LTD.  | 05 11 2010 07:53:17 +0000
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This is an ongoing process. If some real changes have been made with tangible benefits to the consumer no harm in rebranding as well. After all branding is telling about the product quality and services. Even if nothing is changed in the product quality but a visible change is there in after sales services this is reconstruction and can be rebranded. The caution area is - if it fails this time then its the end of story for this brand.


By ravi vyas, sales and marketing, IFB Industries Ltd  | 05 11 2010 07:41:57 +0000
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THANK YOU MAKRAND.ANY PRODUCT AFTER RECONDITION IS AS GOOD AS A NEW PRODUCT ESPECIALLY WHEN IT IS RE BRANDED,LIKE OLD WINE IN NEW BOTTLE.SUCCESS LIES IN THE MARKETING AND SALES INPUTS WHICH WILL INVOLVE A GOOD DEAL OF MONEY BUT ASSURING RETURNS.


By s.baalu , Consultant, XYZ LTD  | 05 07 2010 13:11:41 +0000
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A product can be re-branded after reconditioning. Here we need to change the majority of specification of the product prior to previous product, customer should feel the product as a new brand product with high customer satisfaction which can survive in the market..


By Venkatesham.G , Purchase/Vendor Development Manager, Radico Khaitan Ltd.  | 05 06 2010 08:46:34 +0000
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Hey Makrand, tricky this question certainly is. Product, rebrand and recondition. On the face of it one opts for NO, a product can't be rebranded after being reconditioned but now, what all is categorised under PRODUCT would change the answer. If Hotels are treated as products, then why not? The property in India is reconditioned and then rebranded after a new tie-up happens, and in quite a few cases successfullt at that. To a quick recall, this happens in CE & HA industry too wherein the smaller brands are taken over by bigger brands, rebranded after being reconditioned. Would take some time for naming few brands but I'm positive few cases can be named. Now, all this is keeping the legal arm away.


By Navjeet Sood, Business Head, ADI Media Pvt Ltd  | 05 06 2010 08:34:56 +0000
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Great question Makrand, however, rebranding the product after 'reconditioning' will be illegal. One should explore the scrap purchase route - i.e. if you can show that the parts you are buying are scrap and then reassembled into a working product, then you might have a shot at labelling the product with your brand.

 
Depending on the product, the market, revaluation of the reconditioned/refurbished product, I think you can do it. Moreover if the product is adding value after getting reconditioned then we can go for rebranding the product.

 

The Bottom Line is that......... It works!! & That is what a business looks for....


By Jayant Vishnu, Art Director/Sr Art Director, Creative  | 05 06 2010 08:20:53 +0000
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Thanks, Makarandji for the referral.

A brand is a promise.

If the product has been reconditioned to the extent that the promise held out by the original brand has perceptibly changed by a large margin, there could be a possibility of rebranding the product.

Also, if a brand has not been doing well and the product is reconditioned to meet with the customer's expectations, it would be preferable to re-brand the product to remove any negative linkages that the consumer might have with the earlier brand.  


By Inderpal Singh, Director - Academics and Admissions, MILE - Management Institute for Leadership and Excellence  | 05 06 2010 08:05:29 +0000
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