5 Minutes Read

Storyboard18 | Insights from Mondelez, Havas, and Kantar on changing landscape of advertising and marketing

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

In these insightful interviews, representatives from Mondelez, Havas Creative, and Kantar shared their expertise, providing valuable insights into the latest developments and challenges faced by advertisers and marketers today.

During his recent visit to India, Mark Sinnock, who holds the position of Global Chief Strategy-Data and Innovation Officer at Havas Creative, offered crucial insights during an interview with Storyboard18’s Shibani Gharat. The discussion covered a range of compelling topics, including the evolving dynamics between advertisers and consumers, the challenges strategy professionals encounter while navigating an ever-changing world, the influence of CMOs prioritizing ROI and data on the role of planners, and the potential implications of the emergence of creative designations such as “Creative Strategist” on the significance of planning.

Storyboard18 was present at the prestigious Cannes Lions Festival of creativity, where they had the opportunity to interview influential figures from the advertising and marketing world. Among these individuals was Mie-Leng Wong, the Senior Vice President-Global Brands at Mondelez. During the interview, she shared insights into the significant trends that are currently impacting Mondelez’s marketing, commerce, and media strategies in the global food industry.

This week, Kantar published the 11th edition of its yearly Brand Footprint India report. The report assesses the most favoured FMCG brands for in-home and out of home consumption, using a metric called consumer reach points (CRPs). CRPs take into account the actual purchases made by consumers and how often these purchases occur within a year. Notably, this year’s report marks the first time that the most chosen brands are divided into separate lists for in-home and newly introduced out of home categories. K Ramakrishnan, MD-South Asia, Worldpanel Division at Kantar, provided further insights into the report’s findings.

For more details, watch the accompanying video

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index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
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Generative AI can reduce marketing production expenses by 60%: Mastercard

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Speaking to CNBC-TV18 at the Cannes Lion festival, Raja Rajamannar, the Global CMO & President of Healthcare Business at Mastercard emphasised that AI should be seen as augmented intelligence rather than artificial intelligence. He highlighted how it can boost productivity and elevate work to new heights.

Raja Rajamannar, the Global CMO & President of Healthcare Business at Mastercard, suggests that utilising generative artificial intelligence could lead to a reduction of 40-60 percent in marketing production expenses.

The 70th edition of the Cannes Lion Festival was abuzz with talk of Artificial Intelligence (AI). Known as the global hub of creativity, Cannes Lions provided the perfect stage to explore the vast potential of AI in shaping the future of the advertising and marketing industry.

Speaking to CNBC-TV18 at the Cannes Lion festival, Rajamannar emphasised that AI should be seen as augmented intelligence rather than artificial intelligence. He highlighted how it can boost productivity and elevate work to new heights.

“The way I define AI is not as artificial intelligence but as augmented intelligence. It is not machine doing things by itself completely independent of people but it is machine creating the output which you can work with and take it to a different level than you could have done before AI came into picture. So AI seems to be a major enhancer of what you can do and that is what is exciting,” Rajamannar said.

In the digital era, consumers heavily rely on various touchpoints and extensive research before making purchasing decisions. Consequently, advertisers and marketers face the significant challenge of predicting and influencing consumer choices. However, artificial intelligence (AI) offers marketers a powerful tool to gain deeper insights into their target audience and effectively engage with them.

According to Rajamannar, generative AI enables marketers to articulate their objectives more clearly and invites agencies to work their magic based on that foundation.

Also watch, Cristina Diezhandino, Global CMO of Diageo, discuss the alcohol industry’s key trends and the valuable role of AI in enabling Diageo to generate tailored content for diverse regions.

Watch video for entire discussion.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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AI is a powerful tool for marketers to understand and engage with their target audience, says expert

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

In a world where consumers are exposed to a multitude of touchpoints and conduct extensive research, the role of artificial intelligence in advertising cannot be understated. AI enables marketers to predict and influence consumer decisions by serving personalised messages to their target audience. Additionally, generative AI further enhances productivity and creativity, enabling marketers to optimise their campaigns and drive better results.

In today’s digital age, consumers are increasingly relying on multiple touchpoints and conducting extensive research before making purchasing decisions. As a result, advertisers face a significant challenge in predicting and influencing consumer choices.

However according to Vidhya Srinivasan, VP & GM of Advertising at Google, the advent of artificial intelligence (AI) provides marketers a powerful tool to better understand and engage with their target audience.

She believes AI serves as a game-changer for advertisers, empowering them to overcome the challenges of reaching consumers in a crowded digital landscape. AI algorithms can analyse vast amounts of data, providing valuable insights into consumer preferences, behaviours, and intent, thus ensuring that the right message reaches the right person at the right time.

Artificial Intelligence was also the buzz word at the 70th edition of the Cannes Lions festival. As the epicenter of global creativity, Cannes Lion had become the perfect platform to explore the immense potential of AI in shaping the future of the industry.

Srinivasan emphasised that generative AI, a subset of artificial intelligence, has the potential to revolutionise marketing practices. By leveraging generative AI models, marketers can automate repetitive tasks, freeing up time to focus on more strategic and creative aspects of their campaigns. This technology opens up new avenues for innovation and experimentation, leading to increased productivity and enhanced campaign performance.

Earlier, in an interview to Storyboard18, Philippe Krakowsky, global chief executive officer of Interpublic Group had also highlighted that AI acts as a platform that, when combined with human creativity, can unlock new value and opportunities.

Srinivasan’s insights underscore that in a world where consumers are exposed to a multitude of touchpoints and conduct extensive research, the role of artificial intelligence in advertising cannot be understated. AI enables marketers to predict and influence consumer decisions by serving personalised messages to their target audience. Additionally, generative AI further enhances productivity and creativity, enabling marketers to optimise their campaigns and drive better results. As AI continues to advance, its integration into advertising practices will become increasingly vital for businesses seeking to stay competitive in the ever-evolving digital landscape.

Also, actress Bhumi Pednekar and Karen Thompson from MAC Cosmetics recently engaged in a conversation about the Viva Glam Charitable Initiative. This initiative aims to promote a healthy future and equal rights for everyone. As part of this campaign, MAC Cosmetics has introduced a special edition Viva Glam Bhumi Pednekar lipstick. The entire amount raised from the sales of this lipstick will be donated to local organizations that provide support to women, girls, HIV/AIDS relief efforts, and the LGBTQIA+ community.

Watch video for entire conversation.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Ogilvy Mumbai wins Grand Prix at Cannes Lions for Shah Rukh Khan My Ad Campaign for Cadbury Celebrations

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

This year, Indian agencies received a combined total of 25 awards at Cannes Lions, with Leo Burnett, Ogilvy, and FCB Group emerging as the top performers in terms of accolades.

The recent week marked the end of the 70th Cannes Lions International Festival of Creativity, a gathering that attracted the most exceptional individuals in the fields of advertising and marketing to the scenic French Riviera.

This year, Indian agencies received a combined total of 25 awards at Cannes Lions, with Leo Burnett, Ogilvy, and FCB Group emerging as the top performers in terms of accolades.

Despite India’s relatively underwhelming performance compared to their exceptional victories last year, there was still cause for celebration as Ogilvy Mumbai achieved a significant accomplishment. They secured a Grand Prix in the creative effectiveness category for their work on the “Shah Rukh Khan My Ad for Cadbury Celebrations” campaign and were also recognized as the Agency of the Year for Strategy.

Also Read | Storyboard18 | Artificial Intelligence takes center stage at Cannes Lion Festival

Wins apart, Storyboard18 had an interesting conversation around this year’s Cannes Lions with powerful women at the helm of iconic agencies – Kristen Cavallo, Global CEO of MullenLowe Group and she decodes the future of creativity and the business of creativity and Ogilvy’s Devika Bulchandani and Liz Taylor, Global Creative Officers speak about their power partnership.

In addition to the victories, Storyboard18 engaged in an intriguing discussion at Cannes Lions this year, focusing on influential women leading renowned agencies. Kristen Cavallo, the Global CEO of MullenLowe Group, shared insights into the future of creativity and the business aspect, while Devika Bulchandani and Liz Taylor, the Global Creative Officers at Ogilvy, shed light on their impactful partnership.

For more details, watch the accompanying video

Also Read | Storyboard18 | Digital consumption’s adaptability provides higher viewership and engagement, says Viacom18’s Anil Jayaraj

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Indian Ad agencies secure 23 medals at Cannes Lions 2023, Ogilvy India bags Grand Prix

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Cannes Lions is one of the most prestigious festivals for advertising and PR companies. This year, India won a total of 23 medals at Cannes Lions, including seven accolades on Day 4 of the festival.

The Cannes Lions International Festival of Creativity was held from June 19-23 this year. The grand festival, organised annually, recognises creativity, effectiveness and innovation in the global advertising, marketing and communication industries. The aim of the prestigious festival is to celebrate and facilitate creativity in all its forms. Cannes Lions manages to achieve that by bringing together people who believe in the magic of creativity from across the globe.

This year, India won a total of 23 medals at Cannes Lions, including seven accolades on Day 4 of the festival. Let us take a look at some of the awards won by India.

Ogilvy India secured a Grand Prix under the creative effectiveness lions category for its work with Mondelez on the ‘Shah Rukh Khan – My Ad’ campaign for Cadbury. Interestingly, this campaign was created in the wake of the Covid-19 pandemic. The same campaign even bagged a silver lion under the single market category.

Leo Burnett bagged a gold lion under the brand experience and activation lions category for its ‘Airtel 175 Replayed’ campaign.

Leo Burnett’s hugely popular ‘Bring Back 2011’ campaign for Oreo India Won two silvers under social and influencer lions and PR lions categories.

Talented Agency won bronze for its work on Swiggy’s ‘Why is this a Swiggy’ ad.  

Dentsu Creative secured a bronze lion under the corporate purpose and social responsibility category for Mortein’s ‘Suraksha ka Teeka’ campaign.

Leo Burnett bagged two bronze on Day 4 for P&G Whisper’s The Missing Chapter under the creative strategy category and for Lay’s Smart Farm under the innovation category.

Talented Agency won a silver accolade under the media lions category for its ‘Or Travel on Cleartrip’ campaign.

Leo Burnett bagged a silver lion under the ‘venture models and corporate innovation’ category for its work on the ‘Lays Smart Farm’ campaign.

The same campaign won a bronze lion under the scalable innovation category.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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One should not overlook the importance of human touch while using disruptive technologies like generative AI, says expert

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

As disruptive technologies like AI continue to advance, questions surrounding their impact and potential risks will persist. Finding the right balance between AI-generated content and human moderation is crucial in leveraging the advantages of AI while maintaining brand integrity. By combining the strengths of both AI and human expertise, businesses can unlock the true potential of generative AI and navigate the ever-evolving landscape of marketing in the digital age.

Generative artificial intelligence tools like ChatGPT are sweeping across our world. While ChatGPT answers all questions, for brands and businesses, and in our everyday lives, there are more questions than answers about disruptive technologies like AI.

Speaking to CNBC-TV18, Sahil Deswal, Chief Growth & Marketing Officer at Bobble AI, acknowledges the benefits of AI in automating repetitive tasks and improving efficiency. However, he cautions against overlooking the importance of the human touch.

Deswal emphasizes that companies are not just brands but also entities that require consistent representation. While generative AI like ChatGPT can enhance creative outputs such as copies, ads, and videos, there remains a risk of generating inaccurate or biased content based on historical data within the AI model. Deswal stresses the need for human moderation and critical thinking to ensure that the generated content aligns with the broader user base and maintains brand consistency.

“A lot of repetitive tasks can be automated using AI, which saves time and improves efficiency but the human aspect should not go out of the picture. Ultimately companies are a brand and that brand consistency has to be maintained. So one of the risk that ChatGPT today has is, it is going to look at a certain historical data in the large model and it might give answers which are not accurate or it doesn’t subscribe to a larger set of your user base. So in that case a moderation still needs to be there. I would say that ChatGPT or any generative AI technology today is helping us do better copies, ads, videos but still in the critical thinking it’s the human driving the show,” Deswal said.

Mukesh Ghuraiya, Chief Marketing Officer at Modi Naturals, emphasises the transformative power of generative AI. He notes that while traditional AI was primarily used to optimize recommendations and gain insights from large datasets, generative AI, such as ChatGPT, goes a step further by actually generating content. From a marketing standpoint, this technology offers tremendous value as it optimizes time, and in business, time is money. Ghuraiya highlights how generative AI enables marketers and brand managers to accomplish tasks more quickly, thereby increasing productivity and efficiency.

“Earlier artificial intelligence (AI) was used to optimise your recommendations, work on large data sets and get some insights, but what generative AI or ChatGPT is doing is, it is generating content. As a marketer or a brand manager, generative AI optimises your time and in a business space time is money. So if a technology can help you do your task faster, then it certainly adds value as a fundamental tool. So from a marketing point of view, ChatGPT is bringing in speed and efficiency and so the team is able to do more stuff in less time. So as a marketer generative AI is an interesting tool for us,” Ghuraiya said.

Also Read: Leaders Speak | Generative AI — our new and increasingly intelligent co-worker

Generative AI tools like ChatGPT have undoubtedly made a significant impact on various industries, including marketing. The ability to generate content quickly and efficiently has empowered marketers to accomplish more in less time. However, it is essential to strike a balance between the capabilities of AI and the human element. While AI can automate tasks and enhance creativity, human oversight is necessary to ensure accuracy, inclusivity, and critical thinking.

Watch video for entire discussion.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Media Dialogues | Digital advertising will grow further as it allows personalisation at scale, says expert

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Over the years, IPL has unlocked huge potential in terms of viewership and growth for advertisers and brands. However the 2023 edition of the IPL is quite different. IPL this year has witnessed a disruptive digital leap like never before. It has democratised the experience and taken the league to stratospheric heights.

If cricket is a religion in India then what is the IPL? It’s the biggest festival? Many would agree with that. The IPL has forever changed the way people consume cricket.

Over the years, IPL has unlocked huge potential in terms of viewership and growth for advertisers and brands. However, the 2023 edition of the IPL is quite different. IPL this year has witnessed a disruptive digital leap like never before. It has democratised the experience and taken the league to stratospheric heights. But what are the implications of this for advertisers and media planners? How are they using the cricket juggernaut to reach and engage with audiences far and wide? What are the winning strategies of the brands leveraging the big surge?

Sudhir Shukla, COO of Hypermarkets at More Retail said digital advertising will grow further as it allows personalisation at scale.

“10 years back somebody told me digital would kill TV, and I am still waiting for that moment. TV has grown in the last 10 years, but digital took share from print and outdoor in a very big way. So that is what digital is able to do — personalisation at scale. So I think digital advertising will only grow and languages play an integral part. We in Mumbai or Delhi sometimes tend to underestimate the power of languages, it is identity for people in India. So when IPL is televised in Oriya, the joy that it brings to somebody in Orissa; you will have to talk to them to understand,” Shukla said.

Also Read: Gaming emerges as top violative sector as digital scrutiny intensifies: ASCI

Amardeep Singh, CEO of Interactive Avenues believes that IPL has democratised TV for advertisers.

“IPL has democratised TV for the advertisers. Earlier to advertise on TV you needed huge budgets, but now you don’t need huge budgets to advertise on TV,” Singh said.

Watch video for entire discussion.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

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Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Coca Cola investing in key passion points for their sparkling brands

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Summary

Storyboard18’s Shibani Gharat caught up with Arnab Roy, Vice President, Marketing Coca-Cola, India, and Southwest Asia on their plans for the summer season, and the cricketing season.

Coca-Cola has big India plans. Just a couple of months back, the soft drink major laid out it’s 2023 roadmap. Storyboard18 caught up with Arnab Roy, Vice President, Marketing Coca-Cola, India, and Southwest Asia who delved deeper into the plans for the summer season and the cricket market.

“Over the next, I would say two or three months are important and we are investing in our key passion points for our sparkling brands so that is going to continue. We are obviously in the IPL quite heavily partnering with Star Sports there. There is a lot of activation around our brands, both Maaza and Minute Maid Pulpy Orange. So overall, I think it’s going to be important,” said Roy.

Roy talked about the new avatar for Coke Studio, Coke Studio Bharat and their plans to extend it to different languages and regions. Roy also shared his thoughts on the revival of Campa Cola.

“Coke Studio had to come back to India, I think it is one of the most powerful assets that we own worldwide. Music is one of the most important passion points in our core target segment. India has got so much music diversity across every state that you can have a Coke Studio actually in every state. So for me, it had to come back, it was a no brainer, I think we needed to identify the right way, the right model to come back,” he elaborated.

Read Here | Dream11’s new campaign ‘Sab Khelenge’ has a 3 Idiots reunion

Also, Storyboard18 spoke to Josh Kallmer, Head of Global Public Policy and Government Relations at Zoom, and Iravati Damle, Head of Government Relations in India about their recent conversations with the authorities in the country and some of the best practices that could be replicated to transform India into a digitally empowered society.

For the entire show, watch the accompanying video

Also Read | Storyboard18 | Strategic timeout in WPL is a powerful association, says Ceat CMO

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Uorfi Javed: Consistency is the key to stay in fashion, in conversations and in business

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

“No brand wanted to work with me. None of the designers, none of the brands. But it was really hard to ignore the numbers I started bringing to the table. Now I’m working with Amazon, I am working with Netflix, and there are big designers who want to work with me. There are some music companies too that have approached me. Everyone realizes that at the end of day its numbers, numbers and numbers.” – Uorfi Javed

You can love her, you can hate her, but you certainly can’t ignore her. From a television actor to one of the most talked-about content creators on social media, Uorfi Javed is like no other 25-year-old. The internet sensation is a polarising figure with fans and critics in equal measure. She doesn’t mind being trolled unlike many other content creators and influencers who find incessant trolling too much. She says, “I am going where I want to go. So it’s good for me.”

While Uorfi’s long-term goals include starting her own fashion and skincare lines, her short-term goals are pretty simple. She wants to stay consistent, own her mistakes, keep building the numbers and buy a Range Rover soon. She says she’s tired of being made fun of for using cabs.

In an exclusive chat with Storyboard18, Uorfi talks about her journey from being a nobody to somebody who brands want to work with today. From being shown the doors by designers to working with Amazon and Netflix, Uorfi talks about her journey, endorsements, cancel culture, gender bias and more.

Edited excerpts.

We know you love fashion, you love being bold and you don’t care much about the trolls – but what is the kind of brand that you are trying to build? What is Uorfi Javed’s brand?

I have a vision and I am getting to it but I am not there yet. I want to be one of the biggest brands India has ever seen.

Once I have created that brand I want to make it bigger by attaching more value to it. I want to start my own clothes line and own skincare brand. I would say my journey to build brand Uorfi Javed has just begun.

Tell us about your journey post Bigg Boss – the journey to a follower base of 4 million on Instagram? How did you crack the number game on social media?

My journey actually started as a content creator when I came to Bombay in 2016. I was working as a television actor but that was hardly paying my bills. That’s when I saw people promoting stuff on Instagram and then I got to know that they also get paid for it. So I thought this could be a good side hustle.

I thought of taking it up but it didn’t go well at that time. I was always into fashion and even more bold back then. That’s what got me the attention. It was all accidental though. Then Big Boss happened and I started getting media attention. Something that was missing before. Soon after the paparazzi followed. That’s when I met my manager Sanjit Asgaonkar who also started taking care of my PR. I understood why people were giving me all the attention that I was getting and I started working on that even more. Because that’s the numbers game. Everything is about numbers. I don’t care if you make fun of me. I don’t care what you say about me. In the end, these numbers are going to pay my bills

So Sanjit and I embarked on this journey of making use of the numbers. I teamed up the attention with my passion for fashion and it worked wonders. My main aim right now is numbers. Be it in terms of views, followers or money.

I had around 1 million followers before Bigg Boss. I knew what it took to grow it and I will continue working on it.

Are you getting big endorsement deals from brands? And do you have reservations when it comes to certain categories such as liquor, mouth freshener, etc?

To be very honest six months back, no brand wanted to work with me. None of the designers, none of the brands. But it was really hard to ignore the numbers I started bringing to the table. Now I’m working with Amazon, I am working with Netflix, and there are big designers who want to work with me. There are some music companies too that have approached me. Everyone realizes that at the end of day its numbers, numbers and numbers.

As far as reservations are concerned. I do not have any around product categories. I enjoy my cocktails so I have no problem endorsing it.

Actors who did not want to promote Fair And Lovely are promoting Glow And Lovely. We know that the two products are nothing different but we are happy that it is now Glow And Lovely. So I do not want to have any such dubious principles.

I wouldn’t endorse anything that doesn’t vibe with my personality but that apart I have no reservations.

The fashion and entertainment industry is filled with biases – from newcomers to gender-based discrimination and even against the unconventional. Which of these battles and biases have you fought? How did you overcome them? And are biases keeping the bigger brands at bay?

There are some YouTubers who have a larger following than some actors. But brands will still go to the actors because they have an image to maintain.

I was called out for using an abuse. Brands didn’t want to work with me because my image didn’t work for their image. But brands have slowly started realizing that it’s no longer just the Bollywood celebrities who have the stardom. Consumers want people they can relate with. They are looking for relatability.

The conventional good girl and good boy image is no longer the perfect image because the moment one of these people with a conventional good person image is called out for doing something wrong they are cancelled.

So what is the use of having this image? In the end what matters is relatability. If I am relatable, brands would like me. This change has started happening and it will take some time for the biases to completely go away but it will happen for sure.

Designers didn’t want to lend me clothes because they thought I was trolling too much. But as my popularity grew they started opening up to me.

As for gender biases. It is there in every industry and fashion and entertainment is no different. What is vulgar for a woman is okay for a man. It will take time to come out of it. Things are changing. So I hope it happens soon.

You said you wanted to start your own fashion brand. Do you have a timeline?

I haven’t set myself a deadline for it. I will do it for sure but I don’t want to randomly come up with a brand for the sake of it. Whenever my brand is live it will be a sustainable fashion brand. A brand that doesn’t harm me, anyone else or the environment.

Social media is always changing trends. Someone who is trending today is forgotten tomorrow. Since your focus is on numbers, how do you plan to keep the growth sustainable?

I think nothing can guarantee you sustainability. There is absolutely nothing on social media that can guarantee you that. Fame can go any time. The only thing that keeps you from being forgotten is consistency. If you fail at some point trying something new do not stop. You still have to keep going. Consistency is the key to stay in fashion, in conversations and in business.

Do you agree with the saying ‘any publicity is good publicity’?

I am Uorfi Javed so my answer is yes. I am proof of the saying. If I say no, I’ll be trolled for saying so. I am going where I want to go. So all this publicity, it’s good for me.

Also Read: Diageo India CEO Hina Nagarajan: I’ve never thought in my professional life that I’m a woman

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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Simply Speaking: Aping trends is wannabe. It is not what great brands do

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

 Listen to the Article (6 Minutes)

Summary

Apple is the most valuable enterprise on the planet but you could put Apple’s entire product portfolio together on your desk. It has built value through immense focus and brand identity. Each facet of the brand experience inspires people through both tangible and intangible means. Most Apple users feel a part of a community that is elevating for them.

Two roads diverged in a wood, and I—
I took the one less travelled by,
And that has made all the difference.”

Robert Frost

Great brands often earn synonymy with their category, pricing power and wide acceptance and deep penetration. But, to my mind, there is another, higher order test. Great brands don’t chase trends. They often ignore them. But they do set trends for lesser, non-strategic brands to follow.

Mediocre marketers are avid trend-followers. It is a trap. Great brands are great if they have the stature to challenge trends. The truly great brands build and advance genuine cultural movements. This is not possible till there is true self knowledge and a depth of understanding within marketing ranks. Rarely will careerism weld with a calling. It is possible to buck the trend and take a counterintuitive approach only if you truly understand what your business definition is and explore that scope fully. It means rising above product myopia.

Following a trend is taking the easy road and going with the herd. If everyone’s doing it, how wrong can it be? Besides, who wants to expose their company to getting left behind, to being excluded from the next big thing? Being ‘on trend’ is likely to be the simplest and most direct way for any business to raise short-term revenue.

The seductive logic is that riding a wave of a fashionable trend will make people notice a brand and talk about it. Reebok rode the aerobics dance trend through the early 1980s and launched a first exercise shoe designed for women. The hit status of that product led to Reebok’s $68 million IPO, one of the most successful public offerings made in 1985.

But one swallow does not a summer make. ‘Sameness’ is the kiss of death. When you set the trend benchmark you are a “more or less” copycat. Your brand logic becomes “I am the same as X but cheaper” or “I am same as Y but (amplify benefit claim)”.

This “same but different” position is a dangerous place to be. Not only does it relegate your brand to subordinate status compared to the brand used as your reference point, but it also tells customers that your brand possesses only comparative value, rather than having its own inherent value. Your value proposition becomes “just as good as Brand X.”

Instead of copying trends, brands must do things that highlight the uniqueness of their brand and customer experience. Rather than mindlessly jumping on the trend juggernaut, a brand must be managed to develop long-term relationships with customers. The brand equity that isn’t ownable is ephemeral. Aping trends is wannabe. It is not what great brands do.

True innovation is risky. Its proof of success must be publicised and commercialised. Segway was much celebrated at its debut, but it could not ‘land and expand’ on the basis of sheer utility. Trend riding is easier but there is a lack of context and “copy all” execution of a strategy. Trends come and go quickly. Related products and personalities may become popular overnight but lack the majesty of originality. Plus given the super saturation that is the norm now, the collective consciousness drops the trendy shiny objects as fast as they adopt them. A rapid life cycle can wreak havoc on efforts to build a sustainable brand image.

Coco Chanel said “style is forever”. A brand must build products and services that are consistent with their internal culture. When Hot Topic opened its first store in 1987, its edgy styles were a hit among teens bored with preppy Tommy Hilfiger and similar conservative brands. But then as the punk look faded from popularity in the early 90s, so did Hot Topic’s performance. Liquid Death as a brand is elevating canned sparkling water to a lifestyle statement. It sends you your horoscope as an engagement gratification and its stated motto is to ‘murder your thirst’. Well, it is a distinctive if not exactly distinguished approach.

Brands must originate with authenticity and a full injection of personality. A culture of novelty seeking kills true innovation. If you’re seeking inspiration by drawing on the same narrow range of artifacts as everyone else, you’re going to end up with products and solutions that everyone else already has. The results will be marginal, and the status quo will prevail. Tall brands must stand out. A distinctive brand makes deliberate hardworking choices.

Great brands, in fact, challenge established trends.

In 1993, Steve Ells, a trained chef and graduate of the Culinary Institute of America, came to Boulder, Colorado—and opened the first in a chain of Chipotle Mexican Grills. Its food was produced fast and inexpensively, but the quality and the flavour weren’t compromised in the way that typical fast food fare is.

There are now more than 3000 Chipotle locations across America within 30 years of birth. It employs more than 100,000 people. Chipotle created “fast casual,” which offers a more upscale dining environment and food quality, along with higher prices, but in the familiar, convenient limited-service format of fast food. An interesting fact is that much of Chipotle’s early growth had been financed by a large investment from McDonald’s Corporation, but it never succumbed to taking a prescription.

The TED conference was a much celebrated, successful annual affair in Long Beach, California. But it lacked frequency and exposure and was seen as a show window for intellectualism. It was seen as an exclusive, elitist format, in which limited numbers of people are invited to attend at ticket prices starting at $6,000. What had been conceived as an effort to discover and discuss “ideas worth spreading” was in danger of looking like a profit machine for popular elites.

First, videos of TED talks were put on its website for free access to the public. That led to an even more radical idea: to have mini-TED conferences, called TEDx, all over the world, run by volunteer groups who apply for a licence from the TED organisation but otherwise operate independently. It never looked back.

The managers of great brands don’t operate in a reactive mode, waiting to jump on the next bandwagon. They take note of bandwagons, and then, without jumping aboard, question what all those bandwagons might suggest about the future. They identify powerful ideas on the horizon and discover ways to advance them, which is very different from following trends. That’s the secret to growth. I imagine that’s what Google must be telling itself with the buzz around chatGPT

Starbucks, for instance, has been about more than coffee from its inception. The brand gained traction in its early years by designing shops as anchors of community life, as a “third place” outside home and work. CEO Howard Schultz saw an opportunity to respond to the phenomenon of increasing isolation in American society by introducing Italian coffeehouse culture and the casual social interaction it fosters.

Zumba Fitness represents several cultural movements including Latin culture, social networking, globalization, weight consciousness, solo entrepreneurship, etc. It touches millions of people every week – a self- reinforcing loop of cultural relevance has produced remarkable results on critical dimensions.

Is your brand distinctly different from competitive offerings? Do your target customers perceive the difference and think it’s important? Is there experiential consistency and is your brand expressed and delivered consistently across all touchpoints—not just in advertising and marketing communications, but across every point between the company and the outside world?.

Apple is the most valuable enterprise on the planet but you could put Apple’s entire product portfolio together on your desk. It has built value through immense focus and brand identity. Each facet of the brand experience inspires people through both tangible and intangible means. Most Apple users feel a part of a community that is elevating for them.

Amul for decades has owned topicality by putting its statement on outdoor hoardings, always finding a delightful connection with the news of the week, endearingly brought to life by the round-eyed muppet in an utterly-butterly, pithy manner. If you made it on an Amul hoarding, you made a dent on the nation’s collective consciousness.

A brand can become more than a business— a force of change. It became part of a movement. Movements represent forces that shape the way people interact with others and with brands. Movements are also ways people interact with the companies they work for and the jobs they do. When Tata Motors launched the Ace Mini Truck in 2005, it was creating a future for millions of driver entrepreneurs besides revolutionising last mile cargo mobility in India. We recently did it all over again, with the launch of the Ace EV.

The goal is to understand the role of your brand in people’s lives and in broader culture and then anticipate how it’s likely to change and how you want it to change. The more clearly you can see your brand’s external cultural relevance, the better you are able to align it with your internal culture and with the emotional connection to your customers.

Ultimately you do need to be able to modify, reposition, or rebrand your existing offerings but on your own terms. Great brands create trends for others to follow.

By challenging trends and starting movements of their own, great brands give their customers more opportunities to engage with them. By connecting internal culture to broader cultural movements, great brands create futures in which they thrive and grow.

Great brands know that you must be everything to someone, and not merely something to everyone.

Shubhranshu Singh is vice president, marketing – domestic & IB, CVBU, Tata Motors. He writes Simply Speaking, a weekly column on Storyboard18. Views expressed are personal.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

 Daily Newsletter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Previous Article

Oil Fluctuates as Traders Assess China’s Vow, Unrest in Libya

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index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -72.15
sensex ₹1,882.60 +28.30
nifty IT ₹2,206.80 +30.85
nifty bank ₹1,318.95 -14.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95
index Price Change
nifty 50 ₹16,986.00 -7.15
sensex ₹1,882.60 +8.30
nifty IT ₹2,206.80 +3.85
nifty bank ₹1,318.95 -1.95

Currency

Company Price Chng %Chng
Dollar-Rupee 73.3500 0.0000 0.00
Euro-Rupee 89.0980 0.0100 0.01
Pound-Rupee 103.6360 -0.0750 -0.07
Rupee-100 Yen 0.6734 -0.0003 -0.05
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