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Ashok Bhasin felt "Today there is enough money
lying with the clients in comparison to last three years.
And this is true for most of the big clients. But the
key question here is to drive productivity utilizing
the money and resources - that's the challenge."
The clients have developed newer ways of spending money.
Citing an example from his company, Bhasin explained,
"Recently Whirlpool did a series of promotions
with Dainik Bhaskar where the compensation was linked
to the sales results in that geography." With such
examples at hand the bottom line still remains in the
manner with which we connect and communicate our message
to the end consumer. "Accountability from the Media
is an important issue which will have to be addressed
by the media," added Bhasin.
Reacting to the comment
Rahul Kansal of The Times of India pointed out the clutter
that exists in the Media especially in Print. In west,
several Brands have used in-Film promotions to the maximum
effect. "Take the example of 'Nike' being used
in 'What women want', or 'Fedex' in 'Cast Away', we
don't see such example being used in India. These are
simple techniques of getting your message across, in
an effective manner, to your target consumers,"
Citing an example from the recent launch of Pepsi Blue
in Delhi, Kansal pointed out the arrangement between
TOI and Pepsi where on that day, all the headlines in
the page were turned Blue. "it was a very effective
way of getting across the message of Pepsi blue to the
intended readers," felt Kansal.
Aravind Nagarajan
of Dr Morepen said that today agencies were not very
responsive. "I haven't seen a media presentation
where the emphasis is on 'effectiveness'-it only revolves
around the question of 'How should the money be spent?".
The discussion also raised
the question of 'How effective are the specialist Media
agencies'? Responding to it, Ashok Bhasin said, "I
have noticed a marked change in the behavior of Media
agencies over the years. Many in the agency have become
specialized and are in a better position to understand
the nuances of Clients expectation."
"We need specialized
Media agencies," said Hemant. "People handling
the media business by and large know their job but the
behavior of an agency is reflective of its leadership."
Citing an example of Media-agency
relationship, Ashok Bhasin said, "We at Whirlpool
go hand in hand with our media agency FCB. The representative
from FCB are always present in all our strategic meetings
and hence they exactly know what we expect from a particular
business plan." Consenting with this approach Aravind
Nagarajan said," Both sides need to see each other's
perspective and work strategically. The agencies today
are strong in planning strategies but fail to deliver
when it comes to execution."
Nagarajan also directed
the attention of the panelists on the fast changing
consumer behavior. "Consumers today don't wait
for the products. Most of the purchase decision are
made at the point of sale therefore in today's world
we the clients are fighting for the share of the wallet
and not the share of the business," he added.
Concluding the discussion,
the panelists agreed that in future, role of interactive
media, especially one-on-one marketing would step up.
Panelist agreed that Money, in future, would only come
from the core consumers and they would be the focus
of attention for all the clients. There was also an
agreement on the increasing role of Direct Marketing
and Customer Relationship Management (CRM) in the times
to come. Commenting on the expectations from the Media
agencies, the panelist felt that the media was getting
very numerical, in order to increase their effectiveness,
they would have to understand the brand salience in
a far better way. Summing up, Ashok Bhasin said, "Media
will have to be innovative and accountable in order
to understand us in a better and more effective way."
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