Showing posts with label Mohammed Fahd. Show all posts
Showing posts with label Mohammed Fahd. Show all posts

Sunday, December 6, 2015

Radical Thoughts - The amalgamation of Mobile Marketing || Mohammed Fahd || IIM Shillong || November 2015 edition


The Amalgamation of Mobile Marketing

- Mohammed Fahd
IIM Shillong

“The 21st century is a digital book.” Incredibly true words stated by the character of Agent Jasper Sitwell in the popular Marvel movie Captain America: The Winter Soldier. However, while Hydra had taught the rogue SHIELD how to read this book in the movie, real world organisations have learnt it on their own & utilise it in a rather less sinister manner. The penetration of smart phones in the world will soon outstrip that of laptops & desktops. In fact, in many developing countries such as India a huge chunk of the population has already gained access to a smart phone, a large part of which never even owned a fixed landline phone. Thus, a large market has made itself available & with most of them being active on social media websites, every large company is looking for an efficient way to track & understand what these new customers, combined with their old ones, want & what they are saying about them. The contents of interest in this digital book are being made available on these social media websites & with the rise of mobile marketing a larger market is now available for marketers both to learn from & to provide to.

So how are modern companies embracing the feedback they receive? Well, the process they employ is relatively straightforward. A number of social media monitoring systems have been developed with every new system being more sophisticated than the previous one. However, they are also being integrated with Voice of Customer (VOC) data. This integration of social media with VOC data provides much more information as stated by Bruce Temkin, managing partner of the Temkin Group, “Companies are moving from just listening to their customers' moods to figuring out how to respond. It's one thing to know what people are saying about you, but it's another thing to know how to react and engage your customers.” This trend is now becoming apparent with more & more social media monitoring companies merging or acquiring traditional VOC companies.

And how is the growth of mobiles going to help everyone? Well, mobile marketing is the answer because it’s going to be huge. That’s why companies like InMobi are the next big thing because they can target these mobile platforms & help the big companies of this time & age reach out directly to their customers. As stated by GMR Marketing’s Senior Vice-President, Bryan Rasch, “Smartphones and tablets are taking over, as we get past more than fifty percent of people having smartphones, we're getting into the meat of consumerism, in which people will have a device that allows them to have a richer engagement with content. This presents lots of opportunities for retailers to introduce a full-blown mobile program.” Additionally, the campaigns can be even more successful if integrated with other channels, such as local & social.  Moreover, geolocation tools are emerging as an increasingly popular way to provide consumers customised information about a company’s products.

Thus, the 21st century & especially the last 2 years have provided a relative breakthrough for marketers to use the inter-connected world to their advantage & with technology advancements providing more & more insights, let’s hope that any further advances don’t go the rogue SHIELD/Hydra way!

Monday, November 23, 2015

Logoistic - McDonald's || Mohammed Fahd || IIM Shillong || September October 2015 edition


McDONALD'S - I'M LOVIN' IT


McDonald’s is one of the world’s most popular Quick Service Restaurants (QSRs). The industry giant has its presence in 119 countries & this extensive network has not only benefited the company but also economics wherein the Big Mac Index was introduced as a measure of purchasing power parity (PPP). The company was founded in 1940 as a barbecue diner by Maurice & Richard McDonald & was later morphed into a hamburger joint before it was ultimately purchased by businessman Ray Kroc who saw immense potential in a chain of hamburger restaurants. He revamped the company & gave it a new direction which has led to McDonald’s becoming the behemoth that everyone’s familiar with. 


The History Behind the Logo 


The McDonald’s “Golden Arches” is one of the most widely recognised logos in the world. Its simplicity & its representation of the letter ‘M’ in the golden colour of the company’s iconic French fries immediately generates brand recall. However, the logo that has faithfully represented the company in the 21st century has not been its flag-bearer since the company’s inception. In the olden days when the company was owned by the McDonalds & didn’t even have fries in their menu, the logo was “Tubby chef Speedee”. 

The logo was meant to represent the quick service offered at McDonald’s & the winking chef tried to communicate that very message to the patrons. During this time period barbecue was removed from the menu to improve service times & the focus shifted to the company’s hamburgers. 

It was not until 1961, that the “Golden Arches” logo was introduced. Inspired from one of the company’s most popular & distinctive outlets the arches which were designed by Stanley Meston, appealed to the imagination of the then new owner of the food chain, Ray Kroc, & the logo’s perception as the letter ‘M’ convinced him that this should be the new logo. 

Between 1960-1996 the logo underwent many minor changes. A blue outlining circle was the 1st followed by a standalone version of the arches with the company’s name removed too. This was followed by a removal of the strikethrough between the arches & the emboldening of the ‘M’ as the company emboldened its international presence in Europe & entered developing markets in Asia & the resulting logo was increasingly similar to the one that would come to define the company 2003 onwards. 

During this time period the company also introduced a mascot in Archie McDonald, a pre-cursor to the company’s popular jester & present-day mascot, Ronald McDonald. 


1993-Present 


The company kept toying with the arches after 1993 & had different variants in different countries to adjust to local conditions. A number of renditions were also introduced in USA, with the M being emboldened & getting an outer shade initially followed by a re-introduction of the company name beneath the arches. 

However, the most successful change to the logo was brought about in 2003 when the company added the tagline – “I’m lovin’ it”. A red square in the background which was present in some countries was removed & a background shadow was added for extra effect. The “I’m lovin’ it” campaign was the company’s 1st global campaign & evolved the logo into one that would last till the present day. 

The logo was a start of a new chapter for the company following allegations of spreading obesity. In 2008, the company also launched the “What we’re made of?” campaign to ensure their customers that McDonald’s was not the reason for rising obesity in USA & that given the company’ ingredients it was perfectly safe to consume it’s products a few times a week. 

This was also followed by an introduction of its breakfast menu involving salads & fruits to adjust to the more health-conscious needs of its modern day consumers.

Radical Thoughts - Managing a marketing faux pas || Mohammed Fahd || IIM Shillong || August 2015 edition


Managing a marketing faux pas


Marketing blunders have existed ever since marketing has been around, after all to err is human. Therefore, try as a company might to steer clear of all marketing goof-ups, a marketing manager is likely to come across a marketing gaffe over the course of their career. Every year, dozens of companies make certain marketing mistakes. Many popular examples continue to be a major blot in the glorious histories of corporate giants one of which happens to be the Ford Pinto, a car model whose very name means a tiny penis in Portuguese. Additionally, following a series of explosions due to rear end collisions, a memo was leaked from a Ford executive claiming that it would be cheaper to pay reparations to injured drivers rather than recalling the vehicles, an incident that seriously damaged Ford’s customer friendly image. 


Coca Cola is another giant who has garnered infamy at a few occasions due to poorly planned marketing tactics however in their particular case, Coke has repeated their blunders not just once but thrice. In 1985 Coke launched a sweeter variant in an attempt to win back younger drinkers switching to Pepsi however, the move backfired when the lovers of the original formula protested leading to a massive boycott & forcing the company to reintroduce their original formula as Coke Classic. Coke has also displayed an abject neglect for cultural nuances as displayed by their debacles in Dubai & China. 

The recent Adidas debacle following their sexist Manchester United female jerseys is
another glaring example of a giant showing that no one is immune to such slip-ups & therefore it is important that people understand how to handle such a faux pas. In order to do handle such an event a company needs to answer 3 important questions: Will the mistake cause significant loss in revenue now & in the future? Will it tarnish the company’s image? Will it offend consumers? If the answer to all 3 questions is a yes, then the company needs to take immediate evasive steps. 

In the infamous words of John C. Maxwell, “A man must be big enough to admit his mistakes, smart enough to profit from them, & strong enough to correct them.” In order to accomplish these objectives a company needs to take certain steps. First of all, the company needs to act promptly & go into damage control mode. The longer the issue is allowed to linger, the more damage will be done. Secondly, if the issue has offended a community it is highly advisable to issue an apology. Thirdly, in order to control the ensuing chaos the company needs some good PR going their way & to do that they need to offer their consumers an incentive to forgive & forget. The incentive can be anything as long as it can help reduce or takeaway the spotlight from the gaffe. Lastly, the company needs to takes steps to ensure that such an event does not take place again & promote those steps publicly. 

Most often the mix-up is a result of multiple mistakes however the company needs to highlight the most glaring errors & tackle those to re-assure the consumer that their concerns are being taken care of. Internally, the company can create a system to detect patterns of mistakes early & detect the data while taking steps to ensure that all elements involved in the previous mix-up are taken care of. Large corporations know that at the end of the day, avoiding such situations over a number of decades is not possible however certain best practices have emerged over time & if carefully followed they can ensure that such situations need not result in significant loss of revenue & a bad lasting image in the minds of the consumers.