IIPM Admission 2010

Monday, March 22, 2010

We screwed up with Windows Mobile!


Exclusive In chat with Society Magazine - Prof. Arindam Chaudhuri

This was the telling statement Steve Ballmer, CEO, Microsoft Corp. made while addressing Microsoft’s Venture Capital Summit as he regretted that Windows Mobile could have been launched with a better operating system. Ballmer has rejiged the Windows Mobile Team to recover losses and has given an assurance that “this won’t happen again!”

Neha Saraiya

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Source : IIPM Editorial, 2010.

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

For More IIPM Info, Visit below mentioned IIPM articles.

The Sunday Indian:- B-SCHOOL RANKING SCAMSTERS EXPOSED!
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Business Standard Exposes the Outlook Magazine Money Editor
Don't trust the Indian Media!
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IIPM 3-year full-time Integrated (MBA BBA) Programme
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B-schools expect higher rate of campus placements this year

Tuesday, March 09, 2010

Invalidating the ‘Medical marketin g’ oxymoron!


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Today, brand Fortis is offered back to its patients even after they have been discharged. This also helps to grow customer loyalty. The patients are contacted a month after they are discharged. A formalised research model has been built, that gets feedback from the patients who have been discharged about three months back. “Many a time the results show how certain departments are doing better, and that helps us understand which department can deliver better services, so that negative reactions to the brand are taken care of,” justifies Mazumdar. When questioned about the ‘simplicity’ of the print ads (one of which has a doctor and a female patient, with minimum ad-words), Mazumdar defends, “It’s all about that emotional connect with the Indian consumer. We have kept it very simple because we want people to read it very easily, even as they are driving by.” Indeed, Fortis has managed to present the relationship between the doctors and the patients differently through understanding of the consumer psyche as Mazumdar states, “Our campaigns are run based on consumer insights. Many responses in the past have shown that while the doctors are good, they are found to be ‘cold’. Our visuals are about the trust that patients have in Fortis. ‘How do I communicate my support for my proposition’ is what has been kept in mind in the most recent campaign. And this is a clear differentiator as compared to most groups.”

Fortis is also exploiting media vehicles, which are not heard of much in the field of healthcare provision. “We have also run radio advertisements with very clear messages… We have taken three arrows on patient care and expressed it on radio. It is still running on radio. What we are fundamentally doing in our campaign is that we have been trying to use consumer insights in our efforts.” Talking more about above-the-line marketing efforts, the key media vehicles that Fortis is exploring is print and radio. But there is another first from Fortis, that many in even the medical community are oblivious to – that of online marketing. “I have parked aside a good sum of money for my online social networking activities to capture younger audience who are more tech-savvy. We just started using Facebook. We have actually designed an application that monitors all your healthcare symptoms. So you can update your status anytime. The other one is on Twitter where we have created blogs, which lead the users onto our websites…” The basic idea is therefore clear – engage all possible communities. But don’t greater marketing acts call for higher charges to be levied on the consumer front? “Not at all. The fact is that when we advertise, we do not charge higher fees to make up, we simply make up on the scale,” affirms Mazumdar. While speaking about how Fortis has continuously leveraged the Escorts brand, he confirms, “Escorts is a very powerful brand. In fact, when we took it over, it was a much bigger brand than Fortis, and we didn’t want to do away with the brand. It gave us scale, respect and notice in one shot! So we aligned it with the Fortis network that gave us the needed brand building synergy…”

Fortis is currently not on television. The rationale as Mazumdar gives is, “It’s only now we are getting on a national reach. Without such scale, the cost-to-return basis doesn’t make sense.” Fortis has also started something new, whereby if there is a new kind of surgery, it is beamed across to many doctors and patient groups. ‘Friends of Fortis’ is another campaign wherein the patients get to meet the doctors, and thereby the patients become Fortis’ brand ambassadors through word-of-mouth marketing.

From the first hospitals in Punjab to the first one in the NCR region at Noida to the acquisition of La Femme (an all feminine niche clinical arm) and Escorts, the Fortis network brand is one force to reckon with; and for now, Mazumdar does not hesitate in voicing out his disbelief in the oxymoron called Medical Marketing!

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2010.

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

For More IIPM Info, Visit below mentioned IIPM articles.

The Sunday Indian:- B-SCHOOL RANKING SCAMSTERS EXPOSED!
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Outlook Magazine's B School Ranking Scam Exposed
Don't trust the Indian Media!

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Tuesday, March 02, 2010

For white goods makers, a ‘happy’ lot of dealers implies a ‘happy’ festive season.

Savreen Gadhoke & Surbhi Chawla explain why today, dealers are the new kings...

Consumer is king – that statement sounded clichéd for sometime; today it stands challenged! It’s the era of the dealer, and pampering them is what the companies are doing best, especially in the face of the festive season… In May 2009, consumer electronics firm, Asus rewarded its top performing 30 dealers across the country by taking them for a week-long trip to Bangkok. Their stay was arranged in a top-quality five-star locale and a visit was also arranged to Asus’ service-centre in Bangkok. This year too, Asus has decided to take its high performing dealers to an all-paid foreign trip, though the destination has not been finalised yet. There is Samsung too, which offers its mobile handset dealers a trip to South Africa, Dubai, Bangkok, et al, if they purchase 30 units of a particular handset of one model. The offer comes down to a refrigerator for purchasing 20 units. The company also offers a Honda Jazz to big dealers if they purchase products worth Rs.32 lakh.

A Bhubaneshwar-based dealer of electronic appliances dealer also shares his experience of travelling to Europe for having successfully sold 200 LCDs of a company. This is just a snapshot of how big consumer electronics and durables giants are wooing their dealers to improve upon their sales, particularly during festive seasons. The stakes are really high this time around, as the previous year wasn’t really something to cheer about. The past two quarters (Q4, 2008-09 & Q1, 2009-10) have been disheartening in terms of sales. And with Dussehra & Diwali falling in two different months this year, consumer durables & electronics companies are quite excited about both months being high-growth and activity-laden. Shantanu Dasgupta, VP, Corporate Affairs & Strategy – Asia South, Whirlpool, confirms, “We are hoping to register a 35-40% growth over last year and are aiming for sales revenues of around Rs.600 crore during this festive season alone...”

The high optimism reflected by these white goods entities has a strong footing. According to the most recent Nielsen Global Consumer Confidence Survey 2009, Indian consumers have a good perception about personal finances and job prospects, which reflects in their willingness to spend on discretionary items. The survey reveals that 39% of Indians think that it is a good time to make purchases. Encashing upon this opportunity, sellers are leaving no stone unturned to make sure their cash registers ring in this time; and to this end, a host of consumer schemes are being launched – like Sony’s ‘Zero Percent Finance Offer’, Haier’s ‘Bhagya Lakshmi Festival Promotion Offer,’ et al.

In order to achieve their revenue targets, it is imperative for companies to not only launch consumer discount schemes, but also trade schemes (dealer incentive programs). Also, with the 6th Pay Commission hiking salaries of those in the public sector by releasing Rs.16,000 crore, manufacturers and retailers are hoping to pocket at least 10-15% of that amount. But what is it that makes the dealers and modern retailers (like Reliance Digital, X-cite, Croma, et al) such an integral part of the entire value chain and how do companies keep them happy?

For more articles, Click on IIPM Article.

Source : IIPM Editorial, 2010.

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

For More IIPM Info, Visit below mentioned IIPM articles.

The Sunday Indian:- B-SCHOOL RANKING SCAMSTERS EXPOSED!
For Exclusive Footage by Sunday Indian Click Here

Outlook Magazine's B School Ranking Scam Exposed
Don't trust the Indian Media!

IIPM ISBE Programmes
Follow Arindam Chaudhuri on Twitter
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Management guru Arindam Chaudhuri’s latest blockbuster book, Discover The Diamond In You

IIPM - Admission Procedure
IIPM, GURGAON

IIPM 3-year full-time Integrated (MBA BBA) Programme
IIPM 2-year full time Programme (leading to the award of the MBA degree from IMI)
B-schools expect higher rate of campus placements this year
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