Category: India

  • Decoding the rise of millennial investors, with ET Now

    From being part of the BTS Army to getting nostalgic about Backstreet Boys, millennials are a diverse cohort, and have many sub-segments. Based on the recent CAMS report, ET Now gave me an opportunity to chat about the investing patterns of millennials.

    The transcript.

  • Picture abhi wonky hai

    I had a lot of fun using a business and brand framing to look at the Pan-India vs Bollywood debate. Thank you Guru for pushing me to do this.

    Trailer

    The world is fighting many existential crises – climate change, rising inequality, real and virtual viruses. That’s why it’s imperative that we discuss the one thing that offers us escape from all this. No, not the metaverse, but Bollywood. And its own existential crisis. I tried unsuccessfully to fob it off as Bollywood getting on the quiet quitting bandwagon but got unamused looks. So here goes – a simplistic take on it.

    More

  • Marketing @ Scripbox during Covid

    A chat with exchange4media on what we have been up to at Scripbox in terms of brand and marketing strategy, and a few thoughts on the role of digital, customer outreach, and what marketers need to plan for.

    P.S. The bold “question” starting with Exploring this might.. is not a question, but is part of my answer.

  • 2020 (1)

    First published in Adgully

    It’s technically a new year, but as the quip goes, it does feel like December 93rd 2020. More like a sequel than a new movie. Familiar characters and themes, with some new plotlines. And hence the title, for a short take on learnings in 2020, and the trends expected in 2021. 

    In light of the pandemic, what narratives are good for the brand?

    The consumer’s needs might not have changed, but the relative priorities, ways of achieving them, and expectations from brands most definitely have. At least in the medium term, health and safety (physical, mental and financial) will remain important themes. That would explain why many brands have attempted to hop on to these narratives. While it works easily for say, water purifiers, it might be a threadbare argument for mattresses and shirts. But yes, Ayur is arguably the most powerful four letter word in business now!

    The abruptness of 2020 has also given us time for reflection and recalibration. One of the related changes has been increased participation in societal issues. But a brand pursuing cause marketing because everyone else is doing it might result in some caustic feedback!

    What has also changed are rituals – commute to family time to entertainment and so on. The narratives might not have changed yet, but the contexts have. Social screening (movies) and Zoommates are all adaptations to these contexts. But soon, radical redesigning of products and experiences will lead to narrative shifts as well. 

    With chimeras all around, how do we frame it better?

    Many aspects of our life are chimeral now – still retaining their individuality, and yet to find the balance of a hybrid. Think about it – working from home, but recreating the office online. Digital transformation, and craving physical interaction. Learning new skills, while trying to avoid burnout at work. This operates at societal levels too. On social channels, we talk about being more empathetic. But we also have mobs that seem to have been born outraged! 

    These chimeral contexts have an impact on segments and personas, as well as how narratives can be delivered. If we go by Superbowl ads, humour is making a comeback, but we aren’t LOL yet. Brands are still playing Minesweeper because they, and their endorsers are susceptible to cancel culture. Even a logo needed to dress up because one person insisted we all share the perception! Narrative control is a chimera, an illusion. I expect brands to soon have influencers on stand-by to combat trolls and bots! 

    And if the action is everywhere, where is the narrative best delivered?

    “There is no mainstream, there are many streams”. With mobile screen time continuing to rise, and OTTs having a dream run, both branded content and product placements will spike. Even more immersive is gaming – you can have an epic life in Fortnite, and (ironically) join the war to save reality! But we are un-screening too. From podcasts to the ambient, and omniscient Alexa. Does your brand have an Alexa Skill yet? 

    Newer platforms offer further scope for narrative renditions in all forms of reality – mixed, augmented, virtual in addition to our normal agreed upon version. And as digital transformation accelerates, marketers are being empowered with automation and no code tools to deliver these. But the tech landscape is also rapidly changing with impending regulation, and privacy concerns. 

    We’re going through an era of institutional realignment – political, societal, financial and so on. The points I have made are more possibilities than spoilers. We might think we have seen this movie before, but we should wait for the release. Multiplex or OTT, you think?

  • The business of brand

    It used to be that a brand manager could run 3-4 campaigns a year, negotiate heavily in media buying for efficiency, and roughly correlate effectiveness to quarterly brand health data and sales performance. With VC funding-led rapid scaling, digitisation,  real-time data, and polarised social media, this version is being rendered obsolete. The changing business context also means that looking at a 30 sec ad purely through a consumer lens is only half the story. Two recent examples made me reflect on the dynamics between brand, social media, and business.  I do realise that my commenting on them is a bit like the Nobody – Me meme, and delayed at that, but that’s one of the perks of having a blog.

    Cred: We’ll begin with the Mad Men perspective, but after a short detour. Brand building for VC-funded startups has a template that actually works. Rational benefits with emotional storytelling. Flipkart and Myntra both went through a learning curve with “Granny and Mouse” and “Where fashion comes together” respectively, before they cracked it with “kids as adults” and “Real life mein aisa hota hai kya?“. It works because in addition to building the brand promise, it also has a tangible effect on business. And that’s why it’s often followed by many others across categories – Pepperfry, LivSpace, Khatabook, or even an extended approach like The Whole Truth. This is assuming that distribution, product, customer service etc are at least on par, and the execution is done well.  In that context, Cred’s recent ads, after readability issues in the first print ad, and the lengthy Jim Sarbh ad, were most definitely clutter-breaking. By not following that template.  (more…)