Friday, February 19, 2010

FROM 2-MINUTES TO 25 YEARS…


IIPM 3-year full-time Integrated (MBA BBA) Programme

...the journey has been quite delicious for a phenomenon that has entangled young and old alike in its twirling noodles, says Savreen Gadhoke

“Mummy bhook lagi hai… Bas beta 2 minute!” The popular jingle coined in 1984 seems as relevant today as it was 25 years back. In fact, it starts resonating in our head once we hear the word – Maggi. But then, the start of this journey wasn’t all that smooth. When Maggi was launched in 1984 (first convenience food to be launched in India), the foremost concern among NestlĂ© honchos was with regards to the promotion and positioning of this instant noodle product in the Indian market – a category which hitherto had no strong footing on the desi soil and a market that never believed in packaged food. But, charged with the challenge to create a new food habit across age groups, the ‘2-minute’ jingle was composed and well, the rest is history. In fact, it has quietly slipped into the lives of millions of consumers with unique associations and fond memories – a favourite tiffin, a treat for hostelers or delight for the newly weds. Reckoned as a convenience food with ‘Taste bhi, health bhi,’ Maggi has indeed come a long way since its foray.

And in 2009, when Maggi initiated the celebrations to mark the completion of its 25 years in India by launching the “Me & meri Maggi” campaign, there were many who even went nostalgic. The campaign, created and conceptualised by Publicis India, traverses down the memory lane and captures real memories of consumers attached with Maggi. Even the packaging of Maggi carries pictures of commoners showcasing their bond with Maggi, for instance, “Meri hamesha hamesha ka saath Maggi.” The campaign is certainly based on the strength of this unique emotional bond that consumers have developed and continue to associate with Maggi. Says Emmanuel Upputuru (who worked on the commercial), “Indians have grown up having Maggi. Such is its popularity that even elders enjoy it as much as youngster. Through this commercial, we wanted to capture the moments shared by all with Maggi.”

With the insight that today’s young generation is continuously on-the-go and copes with a busy lifestyle, and need products that offer taste, nutrition and convenience, Maggi introduced ‘Maggi Cuppa Mania’ as a trendy ally of the multitasking generation. It also launched – Maggi Bhuna Masala – a ready-made cooking paste of Tomato and Onion (with and without Garlic). Says Shivani Hegde, GM Foods “…We worked closely with the Nestle R&D Centre in Singapore, who have used their technological know-how and our knowledge of culinary art in India to develop an innovative product that does not have any added preservatives and contains low levels of oil.” The launch of this product has further made inroads for Maggi to become an integral part of everyday cooking in India.

Harping over the ‘value for money’ quotient as its core strength, Maggi maintained the price point of Maggi 2-Minute Noodles at Rs.10 and Chotu Maggi at Rs.5 all year round (despite rise in prices of key input materials). In its endeavour to make Maggi Tomato Ketchup affordable to many more families, Maggi also launched Maggi Pichkoo, an easy to handle, squeezable pack of Maggi Ketchup priced at Rs.12.

Today, Maggi stands generic to its category. With continuous innovation and renovation of its product portfolio based on strong consumer insights, Maggi has become an integral part of millions of Indians. But certainly not in 2 minutes, they say!

Ambika Sharma
National Head, Jagran Solutions

“Maggi is like a pal that gives you a comfortable space. It’s a companion in odd hour. And no doubt, it carries a few characteristics of a contemporary mom too. In fact, the category of processed food would have maintained a far distance from consumers had Maggi not existed. I won’t even hesitate to say that millions of Indians can go on a hunger-strike for Maggi.”

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

Business Standard Exposes the Outlook Magazine Money Editor
Don't trust the Indian Media!

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Management guru Arindam Chaudhuri’s latest blockbuster book, Discover The Diamond In You

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Thursday, February 11, 2010

Most Premium Brands

• BMW-7 Series • Omega • Mercedes Benz- AMG • Tag Heuer • Mont Blanc

There is always an aura of mystery surrounding premium brands. With the global economic climate seeing one of its worse times, luxury consumers have gravitated toward quality, by purchasing fewer but better things that deliver on a promise that endures over a lifetime. Be it BMW-7 Series or a Tag Heuer, consumers are going out to buy products that represent genuine value. There has been a decisive shift from conspicuous to discerning consumption as customer fatigue has set in with mass marketed premium products.

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!

IIPM B School on Twitter
1 lakh copies sold in less than 10 days of Arindam Chaudhuri’s “Discover The Diamond In you”
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
Arindam Chaudhuri (IIPM Dean) – ‘Every human being is a diamond’
IIPM Best B School – EVENTS
IIPM conceptualized the grand final of Dare ‘10 — the most prestigious of international B-school student quizzes

Tuesday, January 19, 2010

We value a lot of intricacy!

“People decorate home with all kinds of products like marble, precious metals, crystal, et al. In fact, homes are now becoming more luxurious and the concept of luxury home is getting more and more popular by each day. Further, it’s no more a concept limited to super riches in India as middle and upper middle class are also adopting it quickly. People are now spending more in making their home look beautiful. But, the main idea is that we do a lot of research before, like in the case of Lakshmi we did research for three years on ornaments, colour of sari, et al. For Radha Krishna our Italian guys lived in Vrindavan for almost a year to get the perfect thing. We value a lot of intricacy and when we finally announce the piece it is consulted with the people for whom it matters or from the people who has the knowledge about it. Moreover, before we launch an Indian piece we take care that nobody’s emotions are hurt and create a piece that is loved and liked by all. Moreover, whenever Lladro family (the brand Lladro is a family name and there are four members who are running it) is in India we organise our signature event. In fact, whichever product you buy that day, it can be personalised for you and the family member signs it for you as well. No doubt, luxury market for home is expanding in India as today luxury is not just restricted to rich individuals, but it’s also for the middle class. There is certainly a huge potential in that class.”

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.
Follow Arindam Chaudhuri on Twitter
Management guru Arindam Chaudhuri’s latest blockbuster book, Discover The Diamond In You
IIPM fights meltdown, places 2300 students By Education Mail Bureau
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Detail of all IIPM branches
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Thursday, January 14, 2010

CZARS FROM THE WEST...

Foreign banks making their presence felt in India is no news. They started doing that more than a century ago. Policy hurdles, however, have kept their ambitions at bay. But of late, they are managing to give nightmares to their desi counterparts...

They came, and they conquered. This has been the case of all invaders, be it Alexander the Great, Zahir-ud-din Muhammad Babar or for that matter the British East Indian Company, who had come from the west to this land of golden opportunities. But certainly, that’s not the case with the banking giants from the west, who thought that they can have a fair share of the abundant opportunities present in Indian banking arena. So far the journey has been a bumpy ride for them, considering the government protection to the domestic banks for long and denial of a level playing field. However, since liberalisation in the early 1990s, a few of them have managed to put up a show worth taking a note.

Bearing in mind their restricted operational freedom, here in our survey we have evaluated them separately from the domestic banks. Furthermore, as availability of data of the India operations of the foreign banks are a constraint, we have considered their financial performance for the financial year 2007-08. This also provides for an allowance to these banks’ India operations, which might have suffered from a spill over effect of the banks’ miseries during FY 2008-09 due to the financial meltdown in the west.

Talking about the foreign banks, which have succeeded in making a mark in India, there are two names which just can’t be ignored, Citibank and Standard Chartered Bank. While Citibank is way ahead of Standard Chartered Bank in terms of financial performance, the latter certainly has an edge over the global prodigy when it comes to the Indian consumers’ perception; may be it has something to do with a century and half presence of the bank in the country or the country’s nexus with the incorporation of the bank (Chartered Bank of India, Australia and China opened its branches in Bombay and Calcutta in1958 and later merged with Standard Bank of British South Africa to create Standard Chartered Bank). But going by the scale and operations, Citibank has certainly created a magic by surpassing not only Standard Chartered Bank, but also few other banks, which has been in India for around a century or more like HSBC Bank and ABN AMRO Bank. As per the survey, HSBC Bank India stands second among the foreign banks in India in terms of profitability, growth, strength and size and quality of earnings.

In the league of new entrants, it seems as if the one that is fast catching up with the veterans is Barclays Bank. One may consider that its growth looks big on account of its low base, but then one must not ignore the fact that earning the first million is the toughest task. Moreover, in terms of consumer perception this bank is comfortably ahead of its competitors like Deutsche Bank, Bank of America and BNP Paribas. But then, it’s just the beginning, not only for Barclays Bank, but also for all the foreign banks present in India. With the regulators gradually relaxing their restrictions, these foreign banks must get prepared to prove their worth rather than just blaming lack of a level playing field for everything.

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.
1 lakh copies sold in less than 10 days of Arindam Chaudhuri’s “Discover The Diamond In you”
IIPM fights meltdown, places 2300 students By Education Mail Bureau
Delhi/ NCR B- Schools get better By Swati Sharma
Events at IIPM
Detail of all IIPM branches
IIPM set to beat economic slowdown
IIPM - Admission Procedure
IIPM, GURGAON