Exclusive In chat with Society Magazine - Prof. Arindam Chaudhuri
A Ranbir-Deepika jodi coming to launch his product and then gracing the dinner that follows could catapult him to Page 3 status and is likely to do wonders for the employee-morale present at the event”.
Ad-Guru Alyque Padamse too is convinced that it defines categorically the “thirst that both the Advertiser and general public have for celebhood with ad frat desperate to cash in on it”. However, he warns, that care should be taken to prioritise … otherwise Deepika outscoring the product endorsed in recall value, could be tragic news for the Advertiser! Leo Burnett’s Sainath brings his own spin to the debate. He believes ultimately it is about “effective clutter-busting. New-age India looks for and at new-age stars. There are two kinds of stars. The timeless variety – SRK, Big B, Sachin, Akshay – and the new kids. If the consumer is growing older, he will look for older icons; if he is getting younger, star-kids zoom centre-stage. In a young, resurgent India, this is completely appropriate. A sign of the times.” Anita Nayyar, CEO, Havas Media wraps up this debate with her insightful, knowledgeable and authoritative take. She reckons it has largely to do with the shortage of credible celebs available for endorsement. “SRK and the Big B have been done to death (Remember BINANI CEMENT & LINC PENS? Jeeezus!) – and there is a genuine dearth of sexy, young stars in an environment bursting at the seams with youth-driven products for a gigantic youth market. So I guess, for a quick-hit, grab the latest flavour of the day and go with the flow. The stars too know that this is a cool way to make quick mega-bucks, so strike when the iron is hot. Kal kisne dekha…!”
At the end of the day, certain path-breaking facts emerge. One (unlike earlier times), a star doesn’t have to slog for years and reach a status to gain credibility and pulling-power in the Ad-market. One big hit does it! Two, the publicity machinery has taken on critical dimensions, so media-driven hype (of any sort) for Bolly-stars is big stuff. Finally, Bollywood has discovered the importance of brand-building and with smart packaging go all out to create an image, aura and climate that sells … the result? Its rainin’ moolahs for the Bachhalog, guys!!
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Source : IIPM Editorial, 2010.
An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).
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