Tuesday, December 21, 2010

ADVILLE STARS OR JUST GLAM TRIVIA?

Reet Ahluwalia, Head of Arms Communications, brings his own spirited take to the talk. He believes that after the filmstars and cricketers, it is the turn of the ad guys to become the next demigods. “It’s a part of our popular culture. That’s the way we are as people, enjoying high comfort in their presence,” says Ahluwalia. [Note: He recently lost a big account because the clients were promised Piyush Pandey’s personal supervision.]

Arvind Sharma, Chairman, Leo Burnett, India, is up next. He insists that the personality cult thing has always been around in Adville and while it is an alluring assumption to believe that a hotshot adman or charismatic creative whiz will wave a magic wand and part the waters, unfortunately that is not how things work. A large agency has at least 30-50 brands to work on and it’s not possible for one individual to cast his spell on all of them. Sharma believes that it is less an individual and more of internal culture that defines effective work. “Our NCD Pops Sridhar is no less a star than any of the ones mentioned, but he chooses to downplay his persona or promote himself, and instead remains organisation / team centric,” says Sharma. Everest Industries’ Amit Oberoi begs to differ. He insists that the stars are stars because of some unique and special qualities they bring to the table. “They fascinate, turn-on and delight their constituency with their amazing talent and charisma, which others can’t. That’s what constitutes the difference between a Shah Rukh Khan and Irfan Khan. One is a worshipped megastar: the other an admired actor. I rest my case.” Titus Upputuru agrees. Saatchi and Saatchi’s NCD believes that iconic faces in your team bring colour, flair, chutzpah and imagination to their calling, “They have the unique ability to transform the ordinary to the extraordinary with their magnetic personalities, the way look and present things and drawing power. They inspire awe; no wonder, clients want a photograph or two with Piyush, Prasoon and Balki. Of course, Prasoon and Balki’s Bollywood connect cannot be overlooked, nor Piyush’s dosti with most of the movers ‘n’ shapers of the entertainment and cricket frat. But that’s value addition! As for some of the overshadowed guys complaining, more, believe me, are happy basking in reflected glory. Being in a star-driven agency is like being in a SRK or a Big-B project.”


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Source : IIPM Editorial, 2010.

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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Friday, December 03, 2010

WHAT GOT YOU HERE WILL TAKE YOU THERE


So, while IDBI Bank holds the top position when it comes to TV ads, it’s SBI that has been ruling the print the world over the last year (CY2009). Since November 2008 (remember the rumour fiasco?), ICICI Bank too has hit the accelerators in terms of its advertising campaigns. In fact, data available with AdEx shows that the duration for which ICICI Bank’s TV ads met the audiences’ eyes in 2009 was 64% higher than it was for the year-ago period. “No doubt, under Chanda Kochhar the bank is trying to regain lost grounds through ads,” agrees Unni Krishnan, MD, Brand Finance India. Even Axis Bank, over the past few years, has done a commendable job in transforming itself into a strong private bank with a growing market share in corporate and retail banking. It’s that one bank that has worked really hard to improve its image, to the extent that it even went on re-brand itself (it was July 2007 when UTI Bank rebranded itself as Axis Bank). Similar is the case with HDFC Bank when it comes to enjoying credibility among consumers. In fact, it’s because of its impressive marketing efforts that the bank has once again been featured (for the fourth year in row) in the prestigious ‘Forbes Asia’s Fabulous 50’ list (2009). Even the public sector banking behemoth SBI has been fast enough in transforming its image from that of just another sarkari bank to a modern day convenience bank. While former Chairman, A. K. Purwar focused more on overseas acquisitions, current SBI Head O. P. Bhatt has gotten back the focus on Indian market, with the ‘Surprisingly SBI’ campaign. No doubt, as of now, the two private sector banks – HDFC Bank and ICICI Bank – are leading this success run, but then, as Marshall Goldsmith’s punchline goes, they need something else to stay there in their leadership positions. And what are those? Well, good luck to them, I have my own ghosts and my own ‘what got me here won’t get you there’ problems to worry about now – Goldsmith be damned!

Manish K Pandey
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