Marketing Internship with Professor Sameer Mathur

56
Four weeks of my journey through this internship

Transcript of Marketing Internship with Professor Sameer Mathur

Page 1: Marketing Internship with Professor Sameer Mathur

Four weeks of my

journey through this

internship

Page 2: Marketing Internship with Professor Sameer Mathur

Module 1

Realising the truth

Page 3: Marketing Internship with Professor Sameer Mathur

Rectifying the mistakes

Page 4: Marketing Internship with Professor Sameer Mathur

Lessons from experts

“Prepare, Design and Deliver” - Garr Reynolds

“Create Resonance by connecting with

your audience. Make them physically react

to what you are talking.” - Nancy Duarte

Page 5: Marketing Internship with Professor Sameer Mathur

Application

Presentations on two TED talks

Page 6: Marketing Internship with Professor Sameer Mathur

Module 2

Core concepts of Marketing Marketing in modern world

Solved Mini Cases reflecting

real-time situations

Learnings from Marketing Bible

Page 7: Marketing Internship with Professor Sameer Mathur

Highlights

Assessing Market

opportunities and customer

value

Understanding Marketing

Management

Choosing Value 1.Identifying

Target Markets 2.Everthing on

Branding

Designing Value

1.Product strategy

2.Managing Services 3.Pricing

Delivering Value

1.Integrated Marketing Channels

2.Retailing Wholesaling and logistics

Communicating value

1.Integrated Marketing

Communications 2.Mass and

personal Communications

Sustaining growth and

value 1.New market

offerings 2.Entering

Global markets

3.Holistic marketing for

long run

Page 8: Marketing Internship with Professor Sameer Mathur

Key Insights

Identifying needs of the society

Designing and delivering the needs

Take customer feedback and improve your offering

Keep an eye on competitors

Advance towards improving your offerings according to changing needs of

the society

Page 9: Marketing Internship with Professor Sameer Mathur

In depth learning

of

“Crafting the Brand Position”

Page 10: Marketing Internship with Professor Sameer Mathur

Compelling and well

differentiated message

Brand Mantra

Well communicated

POPs and PODs

Determine competitive Frame of Reference

Emotional element

Make customers feel for your products

What Branding should contain

Page 11: Marketing Internship with Professor Sameer Mathur

Module 3

The most challenging phase

Page 12: Marketing Internship with Professor Sameer Mathur

Situation

(understanding the problems)

Questions

(framing questions to be

answered)

Hypothesis

(assuming a solution)

Proof and action

(checking if the solution is

appropriate)

Alternatives

(suggesting alternatives)

Solving a case

Page 13: Marketing Internship with Professor Sameer Mathur

Cases solved

Page 14: Marketing Internship with Professor Sameer Mathur

Module 4

The successive slides will show the analysis of an HBR article made reflecting the lessons from Modules 1,2 &3 and including the research on corresponding topic.

Page 15: Marketing Internship with Professor Sameer Mathur

For Mobile

Devices,

think Apps,

not Ads

Please

don’t Place

your

Annoying

Ad here

Page 16: Marketing Internship with Professor Sameer Mathur

Mobile usage grew

tremendously surpassing

Personal computers

Page 17: Marketing Internship with Professor Sameer Mathur

Text messages

Display ads

Change in

Personal communications with customers

Marketers were

quick enough to leverage

this ubiquitous nature of mobiles

Page 18: Marketing Internship with Professor Sameer Mathur

With increase in smart- phone

market, marketers

began spending heavily

on mobile ads

Mobile ad budgets in the U.S. are expected to increase from $2.3 billion in 2012

to almost $11 billion in 2016

Page 19: Marketing Internship with Professor Sameer Mathur

It is

High time marketers

should know the truth

Page 20: Marketing Internship with Professor Sameer Mathur

Mobile ads

Suck!

Page 21: Marketing Internship with Professor Sameer Mathur

Display ads function

well in print and on desktop

computers. But they

just don’t work

on mobile devices.

Page 22: Marketing Internship with Professor Sameer Mathur

People

Don’t

Like

Them

Surveys show that people find mobile ads more intrusive than desktop ads, because mobile is a more private venue

Page 23: Marketing Internship with Professor Sameer Mathur

There’s No

Right

Side

Page 24: Marketing Internship with Professor Sameer Mathur

Many of the taps tracked are inadvertent

The

fat

finger

effect

Page 25: Marketing Internship with Professor Sameer Mathur

Banners are

Ugly

They offer little Real estate for

a clear message

Page 26: Marketing Internship with Professor Sameer Mathur

Mobile ads are

Dumb Why do I see a banner of

an app I already have?

Page 27: Marketing Internship with Professor Sameer Mathur

Mobile ads are

Not respectful

This banner is advertising an App which has always been

free. Users are

not dumb.

Page 28: Marketing Internship with Professor Sameer Mathur

What to do

Page 29: Marketing Internship with Professor Sameer Mathur

Go for

Page 30: Marketing Internship with Professor Sameer Mathur

People value apps for their

functionality and don’t find them intrusive

Page 31: Marketing Internship with Professor Sameer Mathur
Page 32: Marketing Internship with Professor Sameer Mathur

Games and entertainment

Social Networks

Utilities Discovery

Brands

Categories of

Smart phone Apps

Page 33: Marketing Internship with Professor Sameer Mathur

Strategies to create

apps that add value

to customers’ lives

Page 34: Marketing Internship with Professor Sameer Mathur

Add

Convenience Customer satisfaction: Get info smoothly and quickly Marketer satisfaction: Increases customer exposure to the brand.

Page 35: Marketing Internship with Professor Sameer Mathur
Page 36: Marketing Internship with Professor Sameer Mathur

Convenience face 3 constraints

1.They aren’t very effective at acquiring new customers. 2.These apps aren’t a viable alternative for every company. Established brands with large customer bases have an inherent advantage. 3.As more and more companies build convenience into their apps, they will find it harder to differentiate themselves.

Page 37: Marketing Internship with Professor Sameer Mathur

Offer

unique value Customer satisfaction: Delivery of unique benefits Marketer satisfaction: Increases Sales

Page 38: Marketing Internship with Professor Sameer Mathur

Tesco’s Homeplus Allows you to shop while waiting

for train.

(within 3 months, registered users

rose by 76% and sales by 130%)

App Nike+ works

with a special chip in

Nike’s shoes to monitor speed, distance,

and calories burned.

(drove 30% of sales of

Its running shoes)

Page 39: Marketing Internship with Professor Sameer Mathur

Provide

Social value Customer satisfaction: Connecting with friends and social gifting. Marketer satisfaction: Improves sales.

Page 40: Marketing Internship with Professor Sameer Mathur

Wrapp allows to

send your Facebook

friends gift cards

with one click.

(more than 1.2 million cards have been sent)

Facebook with social gifting company karma

offers features to send

gift cards.

Page 41: Marketing Internship with Professor Sameer Mathur

Offer

Incentives Customer satisfaction: Incentives Marketer satisfaction: Promotion of Brand

Page 42: Marketing Internship with Professor Sameer Mathur
Page 43: Marketing Internship with Professor Sameer Mathur

Entertain

Customer satisfaction: Entertainment

Marketer satisfaction: Engagement with the brand

Page 44: Marketing Internship with Professor Sameer Mathur

Play and engage with Red bull

Page 45: Marketing Internship with Professor Sameer Mathur

Apps are not only the most effective

way to reach mobile consumers;

they’re also more

cost-efficient than many traditional

ad campaigns

Thousands of computer programmers entered the industry as freelance app designers.

Page 46: Marketing Internship with Professor Sameer Mathur

Mobile app

market in

India

Page 47: Marketing Internship with Professor Sameer Mathur

India has one of the largest and fastest growing mobile user bases in the world. It is the second-largest mobile phone user in the world with 960,579,472users.

In India no. of smartphones grew by 54% in 2014 reaching 140 million users and with a growth rate of 4.7%.

According to statistics India has the fastest growing telecom network in the world.

Mobile app usage in India grew 131 %, as per Yahoo's latest report.

Page 48: Marketing Internship with Professor Sameer Mathur

A recent article on The Hindu Showed a study conducted by Boston consulting group and [email protected] on mobile and apps usage.

“With a smartphone in hand, a Customer can browse, shop, buy, Complain, refer, write a review— in no time. And so, Businesses and services need to re-create the whole user experience, realising well that it is a personal device” – The Hindu

Page 49: Marketing Internship with Professor Sameer Mathur

The article states mobiles are a great way to connect with rural India. rural mobile internet users total about a third of their counterparts. Accessibility with easy to use apps can be an asset to companies to spread their extent into vast rural India.

Social networking is major activity of Indian user. Hence apps providing social value will be advantageous

for Indian market.

Page 50: Marketing Internship with Professor Sameer Mathur

.

Rural Markets are great opportunities

National Dairy Development Board (NDDB) launched a mobile application for

livestock farmers.

The mobile application, named 'Pashu Poshan' resulted in reducing the feed

cost by Rs 5-15 per day per animal and an average increase in milk production

by an average 300 ml per animal per day

Page 51: Marketing Internship with Professor Sameer Mathur

A study of app usage on Phablets by Yahoo in India mentions: The top three app growth categories in India are personalization (such as Android launchers like Aviate and Hola), followed by News & Reading and Photography. • Personalization apps grew per cent year over year, • News and Reading apps grew per cent while, • Photography apps grew per cent.

533

311

178

Page 52: Marketing Internship with Professor Sameer Mathur

The time is right for developers to leverage this

appetite for apps .

App use is shifting from entertainment to more

functional categories that are utilitarian and enhance

productivity

The move from e-commerce to m-commerce

is accelerating, as more and more Indians shop via

apps on their mobile phones

Gaming remains one of the most engaged

categories

Page 53: Marketing Internship with Professor Sameer Mathur

.

Snapdeal is doing it

Snapdeal is delivering great value through its app. It provides great convenience and offers a lot of incentives. It is now creating a more user-

friendly and simplified version with less distractions from ads and colours,

and more focus on visuals and product information.

Page 54: Marketing Internship with Professor Sameer Mathur

Snap deal’s App marketing is very good with attractive offers. App marketing is a great way to get customers use your app.

Page 55: Marketing Internship with Professor Sameer Mathur

Thank you

Page 56: Marketing Internship with Professor Sameer Mathur

An Internship with

Prof. Sameer Mathur,

IIM Lucknow.

wwW.IIMInternship.com

A.Kruthika

Indian School of Mines, Dhanbad