b school : contemporary issues in advtg & marketing
TRANSCRIPT
Current Practices, Contemporary Issues and Challenges in the
Advertising Sector A Presentation to Faculty Members of Management Institutes affiliated
to Mumbai UniversityBy
Ambi M G ParameswaranFCB Ulka Advertising
What will the Indian Advertising Sector Look
Like in 2025 ?What may be the new sectors ?
What will be the new skills needed ?How to prepare our MBA students to face this future?
What kind of research will be of value ?
“Those who cannot remember the past are
condemned to repeat it”- George Santayana
Let us look at the last ten years and see what were possibly the macro trends in Marketing and
Advertising
Several New Sectors Emerged in the Second Wave of Liberalization
Telecom / MobilesAutomobiles
EducationEcommerce
Several Consumer Segments Emerged
Women Consumers Teenagers with spending power
Young Couples with Kids
Media Penetration Changed
Print SurvivedTV became truly mass
Digital started showing signs of growthCinema emerged after near death
Radio / FM Radio emergedLocal Activation gained traction
Advertising Sector Spawned New Agency Models
Full Service Agencies Split Up Media Agencies rose in power
Digital Agencies emergedActivation Agencies were born
PR Agencies reinvented themselves
That was a quick snapshot of the last
decade : 2005 to 2015What will the next decade hold for the marketing and advertising sector ?
Which new Sectors will emerge ?
Ecommerce Boom / Bust? Healthcare / Health Insurance
Financial services Government Departments
Retail / Omni ChannelEducation
Which new consumer segments will
emerge ?Affluent Old Aged
DINKsSingles
Live In Couples
Consumption Culture Emerges ?
Rise of Masstige BrandsSpend before you Save
Mall the new Temples of India
Media Spectrum ChangesBetter Measurement Metrics
BARCNew IRS
Digital Media MeasurementOutdoor Media Measurement
New Formats of Advertising
TV Ads in varying SizesLong format films on Digital Media
In film advertising / placementSocial Media Engagements
Staging of Events for brands
Sports & Entertainment Marketing Becomes
MainstreamRise of IPL and Other Sports
Organized sector enters film making / marketingMonetization of cinema funds through multiple streams
Mobile / Smartphones/ 3G / 4G
Smartphones become the device of choiceLocation based marketing emerges
App Economy Matures
Urban – Rural Divide Vanishes
The new SEC [NCCS] creates a common platformAttitudinal change in progress
As affluent, literacy, media spreads Rural Consumer becomes indistinguishable from the Urban Consumer
Indian Consumer will continue to be Uniquely
Indian Multiple languages Multiple religions
Multiple socio-cultural issues continue
For God’s Sake‘Religiosity in everyday Indian life takes on a whole new dimension when seen through the eyes of this ad-man! For insightful explanations and marketing possibilities of a whole host of phenomena, get this book’
- Rama Bijapurkar, author of We Are Like That Only
TEDx For God’s Sake Talk
Summing Up …• Marketing, Advertising and Branding in the coming
decade needs to connect with consumers in many different unique ways and thereby increase their value• In the words of Peter Drucker …“If brands are the ultimate consumer glue, the task an organisation has to undertake is to build brand value and strengthen the glue.”
THANK YOU