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Created by : Meena Deshmukh, Product/Brand Manager, Videocon Inds  | 04 29 2010 07:58:21 +0000
Industry : All IndustriesFunctional Area : Branding(Sales & Marketing)
Activity:  563 views;  last activity : 07 06 2010 20:18:09 +0000

Marketing experts advise consumer product manufacturers and distributors to keep investing in their brands to help their businesses survive in changing market environment.

Somboon Prasitjutrakul, the outgoing president of the Marketing Association of Thailand (MAT) and president of DKSH (Thailand), suggested marketers adjust to changes in consumer behaviour caused by the political disturbances.


http://faizanbaloch.files.wordpress.com/2009/02/brands2.jpg

"We just saw a sign of a slight drop in consumer good orders from store operators in the past four or five days. Consumers have delayed their spending after the violence on April 10," he said.

So, can there be a one strong strategy for marketing a brand??

 
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Top Argument
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I think strategy can be unique, but innovations should not be understood as strategy.

Innovations can at best be seen as product upliftment and adding a range to the existing. Strategy can be one time for the brand and could be uniformly construed for the products representing the brand. So the brand may have a singular way forward keeing in mind its application and limitations.

Its a completely different story when a brand undergoes refurbishment in terms of its looks, design and colours or even its representations. It means reinventing the wheel and constructing a new strategy. But i feel that there could be a unique singular strategy for a brnad that can keep breathing.


By Makrand Bhave, Marketing & MICE, WIZCRAFT International  04 29 2010 15:14:19 +0000
 
Top Argument
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You can't stop managing your brands, because consumers still want to connect with the brands. Don't stop moving and investing. Whenever you stop connecting with customers, the opportunity turns to competitors. In the current situation, consumers need information, privacy, enjoyment and relaxation.

Companies should see the changing trends, including extreme urbanisation, which will make consumers more sophisticated and demanding around the world. More people than ever will be living a large part of their lives online in 2010. Yet the same people will also meet more often in the offline world, with socialisation being fuelled by social media and mobile communications.


By Meena Deshmukh, Product/Brand Manager, Videocon Inds  04 29 2010 07:58:21 +0000
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The topic posted is self contradictory. If you combine the words Market+Strategy for one time then it is not possible. You can be a market player with a set of vision that can last for log time or forever but market which is always changing then there is no need to talk on the possibility of same strategy. 


By Prashant Singhdeo, Business Analyst, Vodafone  | 04 30 2010 17:41:26 +0000
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The term marketing strategy is itself is changing today and corporate co's have to change the strategy as per the stage at which the product/services they are offering , the co.'s will try to be relevent to the towards customers so that they connect with them with the current trends
By Sarang Degwekar, Deputy Manager , LG Electronics (I) pvt ltd.  | 04 30 2010 16:14:06 +0000
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ya its true
By govind , Freelancer - Advertising and Creative Marketing  | 04 29 2010 16:17:06 +0000
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Lots of reasons...stagnancy...change in consumer psyche...social changes...political changes...changing needs of people...need to keep reviewing ur marketing strategy as frequently as possible.
By Sujit Sood, :-)  | 05 11 2010 20:50:51 +0000
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Nope because your marketing strategy needs to be a dynamic one. One that has to change with the times and other conditions. A brand that has a one time marketing strategy  - strong or weak will stagnate over a point of time when the going gets tough. Market dynamics arent the same always and in todays world keep changing every other day. A flexible marketing strategy is one which takes into account changing conditions and adapts its strategy with the times to help the brand come out as a winner.


By Jaygopal Raghavan, Marketing Manager, Landmark Group  | 05 11 2010 20:17:50 +0000
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market is brand trend. consumer need and we provide brand , should be diversified and not one.


By puneet , Manager Admin  | 04 30 2010 18:02:10 +0000
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THANK YOU MEENA FOR YOUR INVITATION.

AS MR.RATAN TAT ONCE SAID,IN TODAY`S CONTEXT,CHANGING MARKETING SCENARIO,EVEN IF YOU WANT TO STAY WHERE YOU ARE,YOU HAVE TO KEEP ON RUNNING.THIS IS A STARK REALITY.CHANGE IS THE ONLY CONSTANT THING IN WORLD. WHAT WAS ACCEPTED YESTERDAY NEED NOT BE ACCEPTED TODAY AND TOMORROW.SO MANY MANUFACTURERS WHO REALISE THIS KEEP ON INTRODUCING BRAND EXTENSIONS OR MODIFY THEIR PRODUCTS DEPENDING UPON THE CHANGE IN THE MARKET PLACE AND IN THE CONSUMER`S MIND.CHANGES MAY EITHER BE IN PACKAGING,PRODUCT OR POSITIONING OR IN ADVERTISEMENT AS ALL THESE WILL HELP RETAIN THE CUSTOMER AND ALSO WILL HELP INCREASE THE SAME.


By s.baalu , Consultant, XYZ LTD  | 04 30 2010 10:55:29 +0000
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The scope of marketing strategy includes - "market segmentation, targeting, brand positioning, pricing strategy, distribution strategy, promotion strategy, and many other activities". In a dynamic market scenario one cannot stick to fixed strategy and expect a favorable customer response. A marketing strategy would be an effective one only when it has the capability to rightly forecast and match the every changing dynamic environment. A simple case of CADBURY, where it constantly changed its positioning and targeting strategy from children to occasions to youth and then adults has finally created a demand in all classes of the market proves that marketing strategy cannot be a single and a constant but rather a dynamic and responsive one.


By ANKIT GUPTA, SAP Consultant, Tamanna IT Solutions Pvt. Ltd.  | 04 30 2010 07:23:36 +0000
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As customers keep changing. Their moods keep changing with the time. Their demands keep changing. With the time every thing related to marketing the product keeps changing. Marketing scenario keep changing. Competition among different players keep changing. Social background, Income level, Educational background each and every thing which influence the marketing of products keep changing with the time.  Change is the rule. Nobody can deny. So you can't have a marketing strategy which is fixed for a particular brand or product. We all can see this happening at the marketplace for ourselves. We don't need to have the opinion of a Harvardian for this particular thing. Not only innovations but the strategy has to change with the time.


By Aditya Sharma, Insurance Advisor/Analyst, LIC OF INDIA, ICICI LOMBARD  | 04 30 2010 07:06:50 +0000
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No, marketing strategy has to change time to time, when ever required flood the media with ads besically to hit the customer hard not giving any room for 2nd thought then only it's possible to keep on top and yes keep improving on product and services.
By B.Mehernath , Marketing & Technical Head, Bondit Construction Chemicals Pvt. Ltd.  | 04 30 2010 06:25:58 +0000
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NO... MARKETING STRATEGIES HAVE TO CHANGE...WITH TIME, WITH SEASON, WITH BUYER'S MOODS, WITH NEW COMPETITION, WITH...

There are ample reasons for Change in Marketing Strategies for every Brand. Since the Market & Buyers are so Fickle Minded & keep changing their Moods & Loyalty.

To constantly WOO THEM & KEEP THEM TIED UP to the Brand... Strategies have to move with Time.

IN INDIA, MORE SO... with such a diversity in the Buyer Segment, Marketeers have to constantly keep pace with the Buying Sentiments of each segment of Buyers.

Happy Debating Friends !


By Naushad H.L., Creative Director, MAD COMMUNICATION  | 04 30 2010 05:24:22 +0000
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Market keeps on changing day by day and the customers would feel the new brand will give new look to that particular product(for which market share is formerly there in the market). To enhance the market share for any product brand strategy provisions has to change time to time, if not market for particular product would come down gradually. Taking the example of Asian Paints - Apex Ultima brand to capture the market for this product previosely thay had promted one brand into the market later on they had move to one more brand stratgy with updated version into the market..

 


By Venkatesham.G , Purchase/Vendor Development Manager, Radico Khaitan Ltd.  | 04 30 2010 03:47:55 +0000
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Marketing is also about continuous changes in consumer profile, their needs and demands etc. and the marketing strategy has to change accordingly. If anybody Remamber that any strategy is not the best strategy, when it is not copied or has not been tried to copied. And if it happens so, then one can find its brand in clutter.
By Mukul Bhartiya, Head-Sales & Marketing(Organic Food Business), Arvind Ltd.  | 04 30 2010 03:12:03 +0000
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We can not have one strong strategy for marketing a brand. This is because the effect will be there for certain periods, then it needs modification or change in strategy that is not possible always. So better we must have more than one or multi-prong to cope up with the ever changing business environment in the markets.

Thanks for the referral Ms.Meena.


By NATTERAJA R. ARIKRISHNAN, GM-Projects, Bentec Electricals & Electronics Pvt. Ltd  | 04 29 2010 17:43:27 +0000
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In marketing one time marketing strategy is not the mantra,for simple reason,you have competition,competitors also have strategy to fight their compititors, as the strategy keep changing depending upon the theme a brand is adopting.If one has to market a brand one has to have competitiveness,competitiveness is nothing but having variety of strategy to market a brand and fight competitiveness.


By c.s.manjunthan , BUSINESS DEVELOPMENT MANAGER., ENTREPRENEURSHIP  | 04 29 2010 16:07:14 +0000
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