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For the seventh year in a row, ICMR-4Ps B&M bring to you the comprehensive & cogent ranking of The Most Valuable Brands that make India Inc. proud. A detailed look at how this exclusive ranking of top brands in India for 2012 was conducted
 
The seventh 4Ps Business & Marketing annual ranking of India’s 100 Most Valuable Brands is here again to tell you which brands struck the cosiest chords with consumers during the year. It was certainly not a cake walk. We teamed up with Indian Council for Market Research (ICMR) to fetch the best from a mind-boggling list of 40,000 brands. However, after a great amount of brain storming, colossal data crunching, and intensive primary research work in three phases over the past nine and a half months, we finally caught on to the swinging mood of the Indian consumers. So, here is the lock, stock and barrel of the method behind the madness of arriving at the 4Ps Business & Marketing India’s 100 Most Valuable Brands 2012…

FIRST PHASE
The Phase I started with preparing a holistic list of local, national and international brands (40,000) present in India, which was then scaled down to a master list of 1,420 brands based on the growth, reach, demand and availability (in at least 4 metros and Bengaluru) further divided into 30 broad categories with over 100 sub categories. Both domestic and international brands having their presence in India were taken into consideration for the final phase of the research.

Next, ICMR prepared a structured questionnaire on parameters of Brand Awareness and Preference. Based on the questionnaire a primary research was conducted in Delhi, Mumbai, Kolkata, Bengaluru and Chennai with 5,000 respondents. Based on the frequency of brands under the parameters, as found in the primary research, ICMR shortlisted top 200 brands across all categories.

SECOND PHASE
The second phase of the survey was initiated after tabulating the top 200 brands. A structured questionnaire was formed and one-on-one interviews were carried out with 4,500 respondents in eight cities (Delhi, Chandigarh, Mumbai, Kolkata, Bangalore, Hyderabad, Pune and Chennai) across India. In order to avoid any bias, the order of the brands was changed for each of the cities. Each of the cities was divided into four zones namely North, South, East and West to ensure complete coverage of the city in terms of the target audience. Further, the respondents were selected based on socioeconomic classification (SEC) i.e. education, occupation, gender and monthly income. In case of respondents such as housewives, students, et al, the monthly income of the Chief Wage Earner (CWE – Head of Household) has been taken into consideration. This survey intended to account for the Brand Equity (difference between perceived value of the brand and the core product, i.e., the total value of the brand minus that part of the value “owed” to the core product, which equals the value that accrues from the brand part of the product) of various brands by asking the respondents to rate them on the following parameters:
 
Brand Image and Perception: A unique set of associations within the minds of target customers which represent what the brand currently stands for and implies the current promise to the customers.

Brand Performance: This parameter involved the critical analysis of the sales, profits, growth, performance, distribution, market share, goodwill, word of mouth publicity in target markets, competitor analysis and overall marketing initiatives.

Brand Loyalty:
The inclination to continue buying the same brand (It is important to note that the loyalty parameter was rated by only consumers of the brand with a minimum of one year of association with the brand and the calculations have been made accordingly).

Brand Awareness:
The proportion of target customers that recall a brand. Brand awareness is a common measure of marketing communication’s effectiveness. Brand Association: Association refers to that aspect of a brand’s marketing cycle wherein the brand reaches such a stage that it becomes synonymous with that product category. So, when a brand is advertently or inadvertently related to any value, personality or attribute, it denotes an association.

The respondents rated each of the brands on a scale of 1-5 (5 being the highest). The survey results were then compiled to draw the final list of 4Ps B&M India’s 100 Most Valuable Brands 2012.

THIRD PHASE
In Phase III ICMR conducted a separate opinion poll across five major cities of India to vote for the most promising brands across categories. The parameters taken into consideration were sustainability, aspiration, brand awareness and brand image & perception. The most recalled brands and top rated brands (based on the frequency) were picked up to be listed in the category of the Most Promising Brands for the year 2012.

Note: This year the survey has not taken into consideration the B2B segment and concentrated primarily on consumer brands.

For more articles, Click on IIPM Article

Source : IIPM Editorial, 2013

An Initiative of IIPMMalay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned Links

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A focus on processes and paying attention to institution building are the key factors when it comes to building durable brands
 
Let’s be clear about one thing even as we swim and drown in the maddening modern day version of the Tower of Babel called mass media – brands as entities are relatively new concepts as compared to democracy and capitalism. In turn, democracy and capitalism as freshly minted babies as compared to the oldest generic brands in the world called religion and God. If you are boning up on marketing principles and the 4 Ps of advertising as an MBA student in 2012, don’t be shocked by the fact that some of the biggest brands that you take for granted as part of your daily life did not exist even 20 years ago. Try Google Search if you don’t believe me! Or chat with your pals using a new app through Airtel or Vodafone! If you are lucky, you might be using an iPad!!

That’s the first lesson we all must imbibe when we sit down to applaud and analyse the most valuable brands: the simple fact that like seasons and fashion, brands come and go. Many go forever. When I was a young journalist in the late 1980s and early 1990s, BPL was arguably the most formidable brand in India when it came to colour television sets. You, the MBA student circa 2012 probably haven’t heard of BPL. Back in the late 1990s, when Internet usage and email were gathering momentum, the hottest brands were Hotmail (remember Sabeer Bhatia?) and Yahoo. I had three Yahoo mail ids and two Hotmail ids. The last time I used my Hotmail id was in 2006 and the last time I used my Yahoo id was in 2008. Who knows? By the time you, the MBA student, become a senior manager, you might confess to something similar about Gmail! The fact is, in this age of rapidly evolving technology, it is but natural for new brands to emerge and many to fade away. But do remember, there will always be a world of brick and mortars – even if you have become a fan of Flipkart! And there will always be a lot of punch in that old proverb called Old is Gold! Some brands in our list of 100 actually go back more than 100 years. Like Tata, Taj Hotels, Pepsi, Coca Cola .... these brands were born when democracy itself was not such a powerful and flawed brand. And the unbelievable thing is that they have endured. Of course, Tata as a brand is both generic and a mother lode. The Tata brand by itself has spawned and sustained many formidable brands like Taj Hotels, Titan, and Voltas, to name a few. Don’t forget, the first Maharajah of post independence India which is now in tatters, Air India, too was a product of the Tata stable. In that respect, the pedigree and durability of the Tata brand is unmatched. No other brand in India – except perhaps SBI and LIC – evokes that kind of trust and comfort level. Well, you could add Godrej and Dabur to that list of old and durable warhorses and perhaps even add Mahindra & Mahindra to that select list. Even the powerhouse Reliance (RIL) would find it difficult to join that hallowed list.
 
Of course, when it comes to stubborn durability, I have two personal favourites in my personal list of valuable brands in India. The first is called the Congress. For almost four decades, pundits have been busy writing epitaphs of India’s ‘Born to Rule’ party. Memory being very short, most of us have forgotten that 2004 was the last Lok Sabha election that the Congress was supposed to fight as a national party. There you go. In contemporary times, the failure of the New Gen hope Rahul Gandhi to deliver electoral victories has once again raised questions about the future of this brand. But I have a sneaking feeling this brand will remain stubbornly durable. Like Thums Up! When Ramesh Chauhan sold out his home made soft drinks empire consisting of Thums Up, Limca and Gold Spot to Coke in the early 1990s, most of us thought it was curtains. Two other home grown cola brands – Double Seven and Campa Cola – were already history. And Coke did stop promoting Thums Up because it was busy selling the most valuable brand on earth Coca Cola. Truly mysterious, but the Indian consumer simply would not give its stubborn love for Thums Up. Coke was forced to resurrect the brand and it is still going great guns even 20 years after its forecasted demise!

There are hundreds and thousands of similar fascinating tales when it comes to the coming and going of brands. But one thing is clear – a focus on processes and paying attention to institution building are the key factors when it comes to building durable brands. Even highly “individualistic” and eccentric brands like Virgin that depend on the flamboyant personality of Richard Branson have to pay homage to processes and institution building. Not many have a doubt that Virgin has a strong chance of remaining a durable brand even after Branson is gone from the scene. And do remember, even mighty entrepreneurs make bloomers when it comes to distinguishing between passing fads and bestsellers. Rupert Murdoch thought he had latched on to an all time classic when he paid an obscene sum to buy the blockbuster bestseller MySpace. Alas, it peeved to be a passing fad.

For more articles, Click on IIPM Article

Source : IIPM Editorial, 2013

An Initiative of IIPMMalay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

For More IIPM Info, Visit below mentioned Links

SC slams AICTE's illicit control on MBA courses
MBA, MCA courses no longer under AICTE
2012 : DNA National B-School Survey 2012
Ranked 1st in International Exposure (ahead of all the IIMs)
Ranked 6th Overall

Zee Business Best B-School Survey 2012
Prof. Arindam Chaudhuri’s Session at IMA Indore
IIPM IN FINANCIAL TIMES, UK. FEATURE OF THE WEEK
IIPM strong hold on Placement : 10000 Students Placed in last 5 year
IIPM’s Management Consulting Arm-Planman Consulting
Professor Arindam Chaudhuri – A Man For The Society….
IIPM: Indian Institute of Planning and Management
IIPM makes business education truly global
Management Guru Arindam Chaudhuri
Rajita Chaudhuri-The New Age Woman
IIPM B-School Facebook Page

IIPM Global Exposure
IIPM Best B School India
IIPM B-School Detail

IIPM Links
IIPM : The B-School with a Human Face

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