BM Sec B_article 3_group 12
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Transcript of BM Sec B_article 3_group 12
The One Thing you must get right while building a
brand
Submitted by-Neha Dhobale (PGP30254)Susmita Kraleti (PGP30142)Tanvi Taneja (PGP30398)Timsi Gupta (PGP30401)
Guided by-Prof. Sameer MathurPh.D. Carnegie Mellon UniversityMarketing Prof., IIM Lucknow
BRAND MANAGEMENT
Source: http://crae-tive.com/2011/03/09/feed-me-from-traditional-media-to-social-media-to-mobile-media-how-advertisers-get-us-quicker-than-swift/
Rethink: Traditional media on a steep decline
Rise of Social Media
The social media usage has grown at a faster pace
Average Indian user spends 2 hours on social media
What makes it a great brand?Customer promise
Source: HBR article (4 qualities of a great brand)
Innovation
Trust
Continual Improvement
Old Spice Response Campaign: Brand awareness
Twitter 2700%
Facebook interaction
800%
oldspice.com 300%
Sales107%
Role of social media in building
Customer-based brand equity
Strong
Unique
Favorable
Source: Class learnings
P&G Creating Brand Image Favorable
Thank you Mom campaign: https://www.youtube.com/watch?v=7RR-r2n5DLw
Successful Campaigns
https://www.youtube.com/watch?v=PhHLAHqrGvkWatch:
How social media can destroy your brand
9650% 23700%
32500%
Source: http://www.marketingmagazine.co.uk/article/1349940/adidas-sees-biggest-rise-negative-sentiment-fifa-scandal-mcdonalds-smallest
-ve sentiments rise, FIFA 2015
Building a great brand: Learning from P&G
example
Don’t throw out your playbook
Use social media
primarily for insight
Strive to go viral, but
protect the brand
Engage but follow the social rules
Source: HBR article
Protect the brand: Crisis management
Pampers miracle campaign https://www.youtube.com/watch?v=SZjdV7SFsDI
Social media rules: Policy in place
Source: https://www.marketingtechblog.com/21-rules-social-media-strategies/
SummaryTraditional v/s Social media
P&G and its social media campaigns
Social media and customer based brand equity
Benefits of social media
Dark side of social media
Building a great brand: Learning from P&G
Neha Dhobale: [email protected] Kraleti: [email protected]
Tanvi Taneja: [email protected] Gupta: [email protected]