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Page 1 Shailesh J. Mehta School of Management, IIT Bombay & Marktrix Club Presents Marketing Continuum 2010 24th July 2010 Theme: Marketing 3.0: From Relationship to Collaboration MARKETING CONTINUUM CONCEPT DOCUMENT 2010 Continuums Continuum, the rolling seminar series, is an annual event at Shailesh J. Mehta School of Management, IIT Bombay. The Continuums are held across the various domains of management like Consulting, Finance, Human Resources, Marketing, Operations and Systems. This event aims to cover the latest trends in management by inviting eminent speakers from industry and academia. Each of these seminars focuses on issues and challenges faced by a management function, and aims at drawing insights from the knowledge and experience of the speakers. The seminars are well attended by delegates from different organizations, our distinguished alumni, and students from various Business Schools. Continuum series also feature various competitions among students, like case study competition and business games. This one-day event turns out into one of the best learning experiences for the students. It provides a platform for these inquisitive minds to get face to face with industry stalwarts. An enlightening session by an eminent speaker is generally followed by a round of mutual interaction between the speaker and the students which help them get a holistic picture of the industry trends. The event is a platform for deliberation and knowledge sharing, and aims to arouse curiosity among the participants regarding specific aspects of business. The event has been received very well in the past by the delegates from the industry and the various b-schools. The event has grown from strength to strength over the years, and is now well acknowledged by the industry. About Marktrix – The Marketing Club, SJMSOM Marktrix Club helps in fostering new ideas and opening up unseen vistas in marketing, making our budding managers well armed to be leaders with a cutting edge. The club provides a fantastic platform for the budding marketers to interact with the industry stalwarts and grow through their experience. Marktrix seeks to build competencies in the field of Marketing management through: case studies, Shailesh J. Mehta School of Management, IIT Bombay Page 2 MARKETING CONTINUUM CONCEPT DOCUMENT 2010 paper presentations, market research, live marketing assignments, simulation games and a lot more. Continuum 2010 The year 2010 continuum series witnessed a grand start with Consulting and Operations continuum being conducted on March 20th and 21st respectively. Some of the speakers that participated were Mr. Atul Khosla - Country Head, Oliver Wyman Mr Shishir Kapoor – Country Head, Opera Solutions Mr. Sabyasachi Chaudhury – Country Head, Capgemini Business Consulting Mr. Ashu Khanna – Supply Chain Head, Marico Industries Ltd. Mr. Jayant Ambast – Country Head, Perfetti Van Melle Mr. Sukumar Narsimhan – Senior VP, Reliance Industries Ltd. Marketing Continuum Marketing as a core industry function has evolved from Product orientation in the 1950’s to customer orientation of today. Marketing Continuum explores different aspects of Marketing in business by initiating discussions on significant changes that are taking place. Eminent speakers from marketing fraternity converge at a single platform to exchange their thoughts and to elaborate latest trends in the industry. Marketing Continuum 2009 Last Marketing Continuum was held on 19th July 2009, a daylong event focussing on the theme: “New Age Marketing - Challenges and Strategies” Distinguished personalities from the Industry shared their valuable insights on some of the most popular and latest trends of marketing that are relevant to the current scenario hence presenting a broad picture of the marketing function. The day saw discussions, lectures and business games covering a wide range of topics like relationship marketing, rural marketing, interactive marketing, experiential marketing & technology marketing. Shailesh J. Mehta School of Management, IIT Bombay Page 3 MARKETING CONTINUUM CONCEPT DOCUMENT 2010 Marketing Continuum 2010: Marketing has surely moved its focus from product centricity to relationship marketing where companies are taking a lot of efforts to relate with the customers. But the next wave of marketing is expected to grow around creating an IDEA PEOPLE LOVE TO SHARE. With the advent of enhanced communication, people love to interact and share experiences which go on to influence the customers. Companies are learning ways to collaborate with customers and making customers an integral part of their marketing function. The consumer no longer looks at just the product, but due to easy availability of information in this internet age, he/she can see what the company is doing for the benefit of the community. Hence, instead of a linear relationship between a brand and the consumer, an interconnected linkage between the brand, employees, consumer and community is to be sought. Few of the examples of brands promoting higher causes are „Jaago re‟ campaign by Tata Tea, Real beauty by Dove and „Jagmag desh mera‟ by Voltas and e-Choupal initiative by ITC which all underline collaboration principle. Marketing Guru Philip Kotler calls this as Marketing 3.0 – the human centric marketing. Adopting such an approach requires major framework shift and the way organizations look at marketing as a function. Hence in this context we at Shailesh J Mehta School of Management bring forth “Marketing Continuum” on the theme “Marketing 3.0: From Relationship to Collaboration “ The one day seminar aims to explore how more and more companies are discovering ways to collaborate with customers and utilizing real time analytics to achieve effective growth. Marketing Continuum 2010 will bring together a host of industry experts in various areas, students from various b-schools and students of other disciplines in IIT Bombay. The interaction will help the students gain insights about the collaborative marketing model and how firms are adapting themselves to the next wave of marketing. Shailesh J. Mehta School of Management, IIT Bombay Page 4 MARKETING CONTINUUM CONCEPT DOCUMENT 2010 Indicated below are the suggestive and non restrictive subthemes for the seminar. You may any of the below topic or any other topic that you find relevant to the theme. Co-creation / Contribution Revolution in Marketing: o Creating methods for aggregating and leveraging people’s contribution or behaviors in ways that are useful to other people. Forums developed by P&G - “Being Girl” and Hindustan Unilever „s “Sunsilk Gang of Girls” are prominent examples of companies leveraging concept of co-creation. Use of social media for collaboration: A new age marketing tool. o Using social media to create a community of users to discuss their experiences not necessarily relevant to the products. The recent example is of MakeMytrip.com through its campaign official attyachar. Inclusive Marketing: Effective strategies to tap base of pyramid markets in urban and rural areas. o Companies are realizing the importance of reaching out to the bottom of pyramid to unleash untapped potential. The recent examples are HUL tying up with NGO for Project Shakti, ITC‟s e-chaupal and Chaupalsagar initiative. Sustainability in Marketing – Tackling the challenge. o Focusing on sustainability aspect of business how do marketers create value for their consumers? Examples of this concept being used are GE branding itself with “Ecomagination” or IBM’s smarter planet campaign. Shailesh J. Mehta School of Management, IIT Bombay Page 5 MARKETING CONTINUUM CONCEPT DOCUMENT 2010 The Legacy Some of the prominent speakers of 2009 continuum series were:Mr. Kris Gopalkrishnan – CEO, Infosys Dr. Jawahar Malhotra – CTO, Yahoo India Mr. Raj Nair - Chairman, Avalon Consulting Mr. Paritosh Joshi- President, Star India Pvt. Ltd. Mr. Prashant Gupta - Partner, McKinsey & Co. Mr. Somak Ghosh- Group President, Corporate Finance and Development Banking, Yes Bank Mr. Naveen Gupta- Head Private Bank Treasury, Standard Chartered Bank Dr. (Mrs.) Pragnya Ram- Group Executive President, Corporate Communication, Aditya Birla Group Mr. Sudhanshu Vats- VP-Marketing, HUL Mr. Prasad Narsimhan - CMO, Virgin Mobile Snapshot of Continuum 2009 Shailesh J. Mehta School of Management, IIT Bombay Page 6 MARKETING CONTINUUM CONCEPT DOCUMENT 2010 CONTINUUMS 2009 in Media Mr. Kris Gopalkrishnan was speaking at ‘Systems Continuum 2009’, organised by IIT Bombay’s Shailesh J. Mehta School of Management. He said India was at the centre of the IT revolution and might surpass the US in the next three years in terms of having the largest IT professionals in the world. IT was “exciting as ever” and that there was probably still 25-30 years of impact left before the industry becomes mainstream, he said at “Systems Continuum 2009”,organised by IIT Bombay’s Shailesh J. Mehta School of Management. For Further Details Contact: Anirvaan Dutta Gupta Swapnil Jadhav Ashish Reddy [email protected] [email protected] [email protected] +91-9769889006 +91-9004061205 +91-9004388663 Shailesh J. Mehta School of Management, IIT Bombay Page 7