Wednesday, 21 September 2016

Brand Strategies : Experiential Marketing Exemplified



Engagement Marketing, Event Marketing, User Experience Design, Business Design

Experiential Marketing, sometimes called "engagement marketing," "event marketing," "on-ground marketing," "live marketing," or "participation marketing," is a marketing strategy that directly engages consumers and invites and encourages them to participate in the evolution of a brand. 

Rather than looking at consumers as passive receivers of messages, engagement marketers believe that consumers should be actively involved in the production and co-creation of marketing programs, developing a relationship with the brand.



In store Marketing, Interactive Marketing, Audio Visual Simulation

Brands EXCELSIOR, EATALY and IKEA deploy User Experience Audio Video Stimulation Techniques






Out of Store Advertising, In store Footfall Generation, Interactive Media Marketing




Nokia Lumia 800, Nike, Display Advertising, Brand Story Telling, Brand Narratives, Brand Content



























Projection mapping, also known as video mapping and spatial augmented reality, is a projection technology used to turn objects, often irregularly shaped, into a display surface for video projection. These objects may be complex industrial landscapes, such as buildings, small indoor objects or theatrical stages. 

By using specialized software, a two- or three-dimensional object is spatially mapped on the virtual program which mimics the real environment it is to be projected on. The software can interact with a projector to fit any desired image onto the surface of that object.




























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| Jithu George on LinkedIn | 



Thursday, 15 September 2016

Limited Edition Product Lines - Why Deploy them?




The terms special editionlimited edition, and variants such as deluxe editioncollector's edition or expanded edition, are used as a marketing incentive for various kinds of products, originally published products related to the arts, such as books, prints, video games or recorded music and films, but now including cars, fine wine, and whisky, among other products. 

A limited edition is restricted in the number of copies produced, although in fact the number may be very low or very high. A special edition implies there is extra material of some kind included. The term is frequently used on DVD film releases, often when the so-called special edition is actually the only version released.


Why are they deployed?


1. Exclusivity rewards to loyal consumers


2. Greater packaging design impact – Triggers impulse purchases


3. Feel Good Association


4. Gain valuable social media and word-of-mouth buzz  to drive anticipation for the actual launch 


5. Minimize risk of a full roll-out by testing the interest in a product extension


6. Garner positive word of mouth publicity


Designer Furniture, Luxury Tables
Hollywood Table (Limited Edition) by Peter Shire for Memphis



7. Expand Consumer base


8. Generate excitement and buzz


9. Greater perceived value for existing core products 


10. Launch Events


11. Increased sales and profitability


12. Market testing



Limited Edition Louis Vuitton
The Louis Vuitton Stephen Sprouse Roses Neverfull Limited Edition Shoulder Bag


13. Enhanced Consumer Connect


14. Reaffirms Brand Choice  and reasons for purchase


15. Enhanced Share of Mind and Brand Recall


16. Brand Rejuvenation


17. Reinforces Brand Identity



Someday. Joy Baccarat Pure Parfum, Limited Edition by Jean Patou at Neiman Marcus

Inferences based on Case Studies on Axe/Lynx, Adidas, MAC, Beefeater, Dom Perignon,  Diet Coke, Kitkat, Pernod Ricard, Memphis, Louis Vuitton and Baccarat.


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Sunday, 11 September 2016

Italian Artisanal Beer... Birra Artigianale: MALTO Bene (MALT is GOOD)!!




The Prelude:

The last few years has seen a genuine boom in the production of artisan beer in Italy. There is not an Italian region without a 'microbirrificio' or small brewery.
With at least 450 of them in Piemonte, Lombardia and Emilia while Umbria, Calabria and Molise trail in numbers, but certainly not on quality.


Italy boasts of an age-old brewing tradition, although until modern times beer was produced in small quantities for a few aficionados, mostly in northern Italy, given that, in addition to malt and hops, two other essential ingredients are needed: clean air and cold temperatures.


In the second half of the 19th century a vast and well-organized brewing industry established itself based on artificial cooling and on the new technology for producing pale, bottom fermented beer.


The earliest breweries opened thanks to the initiative of foreign businessmen (Dreher, WührerPaskowski, Metzger, Von Wünster, etc.), soon followed by Italian merchants, active mostly in the ice trade, who considered beer as a natural complement to their activities.


The Story:

"While most would agree that the Italian craft beer industry was born in 1996 when Teo Musso founded  the prolific and influential Baladin brewing company, things have really got moving nationwide in the past 4-5 years.


The relative youth of craft brewing, as well as a lack of regional traditions and laws guiding production practices, means that Italian brewers are free to use ingredients that suit their personal tastes and creative whims.


 Although they are not necessarily bound by particular styles, many are indeed influenced by those they have consumed abroad, particularly fruit-based Belgian beers, which account for some of the most interesting beers coming out of Italy today.

From its inception, Italian craft brewing sought to make beers that are uniquely Italian and even today, the best results are found in beers that attempt to impart a sense of place. To this end, brewers turn to highly regional products like seasonal produce, local honeys and heritage grains. Reflecting the influence of traditional wine production, many brewers use grape must and wine barrels to great effect.


The volume of many bottles, 75cl, also demonstrates a clear choice to raise beer above its humble reputation in Italy and place it on par with wine. Likewise, many beers are best consumed with food to appreciate their nuances, another parallel with the nation’s most famous beverage.




















The Epilogue:

If you have been enticed by handcrafted Italian beer then probably La Fabbrica di Birra section at EATALY should be your pit stop next time you go beer thirsty!!



Top picks:

Birrficio Montegioco’s Garbagnina
Birra del Borgo
Perle ai Porci
Baladin's Nora and Etrusca



Milan Beers and Bites Tour:


Taste Italian Craft Beers and delicious beer-friendly food pairings!!



Read more on:


The Beer Connoisseur: Italy's Craft Beer Awakening!











YOOX - An Overview


Yoox.com, launched in September 2000, sells off-season items at heavily

discounted prices and regularly offers clearance sales. This allows the Group to target two wide pools of customers - namely bargain hunters and fashion savvy - and to help brands off-load unsold merchandise from past collections, preventing them from cannibalizing the sales of their new selections and damaging the status of their brand names. 










Competitive rivalry within the industry:
1. Oversupply in the market
2. High competition in terms of prices and offered services
3. Small number of big players retaining a large market share
4. Market size of the industry is increasing


Bargaining power of suppliers:
1. Most brands are both multi-brand suppliers and mono-brand clients
2. Several potential suppliers in the marketplace
3. Low switching costs
4. Remote possibility that suppliers may apply a lighter cut-off on the product price


 
Bargaining power of clients/customers:
1. Partner luxury brands may directly manage their online retail business
2. Final customers (individuals) have little bargaining power
3. No leading clients/customers
4. Low switching costs


Threat of new entrants:
1. Economies of scale are not relevant
2. Low capital requirements
3. Business easily implementable by C2C and B2B companies
4. Companies can effortlessly add online retail business to their website


Threat of substitute products:
1. C2C
2. Potential reversal of trend to physical stores




The Yoox India website:











Wednesday, 7 September 2016

What is Business Design?

An empirical definition of Business Design and my objectives for the road ahead:
“Every product has a meaning. Yet many companies do not care about how to innovate meanings. They strive to understand how people currently give meaning to things – only to discover that this meaning has been suggested by an innovation designed by a competitor.” – Roberto Verganti, Design Driven Innovation. 
Business Design attributes to the design of a product, service or experience where the creator engages the clientele satisfying their functional and emotional quotients. Innovation is the key, for without innovation even top-notch companies have been wiped off and have been rendered non-competent (quoting the case of Kodak or the more recent Blackberry fallout for instance). 
A Business Designer should ideally create manifestations that motivate enterprises and incite consumers. While innovation is paramount, the foundation of traditional corporate strategies has to be adhered to create a coherent outcome to help clients create avenues for market growth ideally exponential in nature. It is about translating the conceptual blueprint of a firm, interrelationships between the firm's major processes, main resources and competencies required in achieving its objectives into alluring propositions to its customers.
“The real innovation, however, was not just the hybrid electric motor but the large,colorful information display that gives drivers a minute-by-minute indication of fuel economy, constantly challenging them to improve the fuel efficiency of their driving”. 
On introspection of this quote by Tim Brown in Change by Design, such a breakthrough changed course of psychological and physiological actions pertaining to the automotive industry that amplified the importance of fuel efficiency and eliminated the uncertainties of re-fueling for the users. Proactive development of technology is the order of the day, posing huge challenges to designers, making the design thinking mindset absolutely vital for the success of an organization. 
The design thinking process aids in generating a multitude of ideas that are funneled through and further extracted into a coherent plan of action right from commencement to culmination in all domains of its life cycle. Great ideas and innovations are hardly a matter of chance but a consequence of meticulous striving.
According to Bruce Mau, “Massive Change” embodies the thesis that “design has placed us at the beginning of a new, unprecedented period of human possibility, where all ecology and economies are becoming global, relational and interconnected. 
In order to understand these emerging forces, there is an urgent need to articulate precisely what we are doing to ourselves and to our world.” The majority interpret design visually - beautiful objects, for instance and miss out on fundamental layers of the cumulative process. Great minds perceive design in an unconventional way. 
Ideally the design process used to produce beautiful phenomena is to be applied to business, institutions, events and experiences - just about anything that might benefit from this creative approach - to solve problems and bring about positive change, a cogitation thoroughly inspired by Bruce Mau.
“We believed that design thinking for business broke down into three essential components: (1) deep and holistic user understanding; (2) visualization of new possibilities, prototyping, and refining; and (3) the creation of a new activity system to bring the nascent idea to reality and profitable operation.” 
“Rather than perpetuate the past, the design thinker creates the future.”- Roger Martin, The Design of Business. These quotes to me are an accurate summation of what design thinking stands for and what a business designer must constantly strive for.
“Because when the law implicitly or explicitly limits internal competition and bars new entrants, businesses have little, if any, incentive to innovate. As a result, regulated businesses—which include public utilities, air travel, defence, health care, and food and drugs—have fallen dangerously far behind in adopting exponential technologies. Once the disruptors do find a way in, collapse is that much more sudden.” ― Larry DownesBig Bang Disruption: Strategy in the Age of Devastating Innovation.
 This quote is an explicit reminder against complacence and induced dormancy and that even current market dominators have to constantly keep innovating in order to retain their competitive advantage.
To state from outside the scope of reading, I have always been inspired by Albert Einstein’s quote, “You have to learn the rules of the game. And then you have to play better than anyone else.” The cerebration inspired by this quote drives me to define the ideal Business Design process as a precise scrutiny of each of the existing primary and support activities of the firm, their innovation, incorporation of new value chain accompaniments where necessary and predominantly conceive an offering that exceeds expectations of the end consumers eventually leading to its adoption and adoration.
During the course of my existence, the realm of business design has progressed from its incunabulum to a sophisticated and dynamic field capable of transforming any industry. Business Design, I strongly believe is a perfect combination of science and art. 

Being an Engineer Copywriter and Marketer Brandologist with a zest vested in Business Design, my objective is to spark off a neoteric stream called Business Design Engineering. In the course of the next five years I shall look to employ my acumen derived from six years of professional experience and academic insight to take on the entrepreneurial route. Through them business ventures I aspire to bring positive change in the socio-economic realms of humanity.