First, a new version of two Indias will emerge. If the past two decades saw the emergence of urban and rural India - one media rich, the other media deficient; one driven by indulgence and the other by constraints - in the next decade, north and south India could become two distinct markets.
The Social Network questions are getting raised over and over again in recent times. It's just not a case of compensation -- fortune -- who makes the money from an idea.
There exists an opportunity for brands to leverage the new mindset.
A brand can move from creating affinity to inspiring awe and respect
Customer centricity is about understanding the ecosystem in which a product is operating in the customer's life and working towards making every element of the ecosystem friendly and enjoyable to the customer.
For many big brands, investment in advertising is as big as the amounts spent in setting up factories and other infrastructure.
Stories that are able to multiply effect through word of mouth have a better chance to overcome clutter and cynicism.
Consistency in spirit is more important than consistency in symbols.
Madhukar Sabnavis discusses the making of iconic advertising that gets talked about.
Marketers need to recognise that while Indians as consumers are value-conscious, as people they are emotional. So talking to the heart makes as much, or more, sense as trying to attack the mind, says Madhukar Sabnavis.
So talking to the heart makes as much, or more, sense as trying to attack the mind. Soft selling works better than hard selling.
Marketing gurus from the west have built their theories based on the belief that consumers, where ever they are, behave the same.
Celebrity craze has been a part of advertising-dom for years, but 2008 saw brands upping the ante on stars to go bigger and larger in numbers
Be first in the category, own an attribute or the category, leverage heritage or how the product is made, specialise or use 'preference' to be a differentiator. Underlying each of these is a rational product story and they work. However, there could be a bigger opportunity in using emotions as a differentiator in India.
Indian ad world is reworking its sensibilities. From depicting mere black & white characters, it is moving on to the grey shades - both in heroes & issues. Commercials of brands like Sprite, MotoYuva, Virgin Mobile have done so recently. Real characters in real life situations are seen rather than white heroes. Other brand commercials like Tata Tea & Idea explore the grey side of society & an effective resolution of these issues via the brands. Ads are showcasing greys today.
There is something to learn from the 'non-product' brands around us.
The future will be driven by companies with most ideas.