Editor Speak
Readers,
It gives us immense pleasure to bring forth, the first edition
of Mandi. A marketing magazine at heart, we will try to
bring insights, business ideas, avenues and potential areas of
this stimulating field of business. When the team behind
this magazine sat together to brainstorm for a name that
captures the spirit of marketing, we came up with several
options. However, the name Mandi lit a collective spark in
our minds. The name captures the essence of our initiative,
an attempt to go right where the action is. Being a team of
offbeat individuals, it is only natural that we have chosen the
theme of the current edition: Offbeat Avenues in Marketing,
Marketing in FMCG, services, B2B are avenues that stare at
your face when you think of this broad field of business. In
this edition, we try to bring to light, a few areas that hold
potential, have similar or even tougher challenges, and most
importantly avenues where marketing plays a pivotal role. A
wholly students initiative, we look forward to your
feedbacks and comments.
2
6
Selling Sachin
10
12
Metaquizzics
Creating leaders
18 How Crude?
20
21 Reconnaissance
22 Ad-Sense
Editor,
Gokul Kandhi
The Editorial Team
Rishabh Sachdeva
A second year PGP student from IIM Indore, an artist, a
mechanical engineer, an advertising enthusiast all rolled into
one. Great at thinking out of the box, he is learning to think
inside the box out here at IIMI.
Srikumar S
A mop of hair, a lumbering hulk, he is all what he
doesnt look like. A second year PGP student, he lives and
breathes marketing and swears by Kotler.
Tejas Bhat
A doctor by qualification, doing his second year in IIM
Indore, Tejas is an avid traveler with a strong
entrepreneurial pull. The creative energy in the team, he
also maintains the sanity of it.
U Gokul Kandhi
The ever energetic "maaple". Avid sports buff, blogger and
food junkie, his adventures with Hindi are legendary.
Impossible to miss his enthusiasm and wit.
Contact Mandi
For queries, suggestions, contributions or for that
matter, anything else related to this magazine, please
contact:
mandi.iimi@gmail.com
09300944268, 09907668411
2
Selling Sachin
marketing.
three-
Facility
management,
Sports
non-
management industry.
option.
everything
sports
products
from
(from
television
cigarettes
rights
to
to
3
endorsements, sponsorships, and merchandising,
endorsing.
PricewaterhouseCoopers
the
kabbadi to golf.
estimated
that
From
among
musicians,
film
Endorsement
contracts
and
the
4
consequent income thus provide a fair level of
sportspersons
need
marketers
for
the
details
of
contracts
or
and
coordination.
The
job
is
5
field
is
Brand
management.
Advertising
complementary
business
fields
management,
like
investments,
financial
and
risk
form
marketing deals
of
with
entertainment.
Sports
packaging this
and
6
A shot in the arm
increasingly
recognized
as
an
important
to various factors:
7
Rapid increase in demand resulting in
increased competition
Excess capacity in private healthcare
Rising costs
healthcare sector.
- Hospitals and Practices have to conform to
advent of technology
Consumer activism-right to choose
How is it different?
Council of India.
subtle.
Over
positioning,
branding,
marketing
strategies,
processes,
also
apply
to
12-month
period,
marketing
the
management
system
found
that
of
1,000
unique variables.
8
how consumers do their shopping, perception
these segments.
of doctors.
and USPs.
relationship marketing.
service
with
for
providers
organizations
and
and
contracts
corporate
houses
healthcare.
9
hospital, publicizing celebrity patients), personal
healthcare
marketing.
marketing
Recognizing
is
the
relationship
fact
that
in
and
more
toward
relationship
Summary
building.
in
providers.
needs,
Hospital
marketing
departments
determining
and
the
directing
needs
of
consumers
healthcare
to
those
term
needs.
They
create
sampling
decision
model
suggests
that
basis.
10
For knowledges sake only!!
1. A stock index formed by a collection of
thirteen
companies
stocks.
Metaquizzics
The
2. Which
global
brand
was
recently
3. Connect
7. Identify this personality
a.
Sarbox?
11
Metaquizzics
13. Connect
company
15. Connect
Clue:
This
international
chain
was
shown.
12
Creating leaders
Politics and Marketing
by Rishabh Sachdeva
Introduction
election time.
new entrant.
Typically, challengers don't have as much
to be:
2. Personality Selling
or
3. Message Development
4. Communication Strategy
13
5. Implementation of Strategy
contesting an incumbent.
was
remains
largely undiscovered.
His
famous
faced
with
two
equally
compelling
14
carry momentum is a difficult task and the right
America
Communication Strategy
channels Rallies,
Communication Channels
India
politicians.
2002-03,
regard.
were
negative
engaging in mudslinging.
Apart
Message remains
fairly
surprising.
central
While
throughout
the
of
Image
one
that
from
some
Building,
Loud
Personality,
Speakers
believe
advertising,
on
contributed
television
offers
15
participation of spokespersons on shows like
Targeting.
Blogs,
V. Lobbying\Lectures\Celebrity Shows An
Books.
networks.
Video
and
newsletters,
Essential
Audio
videos,
for
Feeds,
screen
raising
Wikis,
savers,
funds
for
16
When the DMK came to power in Tamil Nadu,
year.
Associations
tournament
Amethi
for
villagers
in
his
raise
mammoth
funds
and
connect
An Obama Campaign Ad
17
Careers in Political Marketing
1. Campaign Communication Managers
2. Fund Raising
3. Advertising Agencies
4. Opinion Pollsters
5. Message Formulation Strategy
6. News Media
7. Campaign Managers
8. Event Management
18
How crude?
Source: Wikipedia
19
Looking the at the RSP of petrol products over
years ,from when it was Rs 24 a litre in 1999 to
Rs 60 a litre today, less than three fold increase
compared to the nine almost nine fold increase in
crude oil prices.
Though very heartening for the consumer in the
shortest of short runs( even if we keep making
noises, have bandhs and hartals to bring prices
down) it will have a devastating effect in the long
run. Petrol is currently being sold at a loss of Rs
16.34 a litre and diesel at Rs 23.49 a litre.
In the long run, this means two things. One,
spiraling loss for the state run oilcos to the tune
of Rs 2,000 billion this fiscal on sale of petrol,
diesel, domestic LPG and kerosene. Though the
government does compensates the state owned
companies upto one third of the loss due to under
realization, this is hardly enough to keep an
organization on its competitive toes. Two and the
most important aspect is, it prevents the natural
dampening price rises effect to bring down
consumption. In the face of dwindling supplies
and
burgeoning
demand,
controlling
consumption by market dynamics is the best way
out of this hole.
Deregulating fuel prices would mean the prices
of petrol, diesel and associated products are in
line with the prices. This would mean a hike Rs
16-17 in petrol and Rs 24 in diesel. Though the
nation would be hardly happy about it, this will
be a bold step in the right direction. Such a move
will have multiple effects, it will dampen
consumption, stimulate demand for alternate
fuels that will lead to innovation and yes, also
inflation. Now what do you do about the green
little monster called inflation, you might be
tempted to ask.
20
Beat from the street
Deepak Nagar, 19. Owner, Nagar Kirana
Stores, Rau, Indore.
Rau is a bustling small settlement just before
world of jargons.
21
market.
purpose.
Well
thats
Kotler
on
impulse
awareness.
Toothpaste Colgate
Toothbrush - Pepsodent
Shampoo Clinic
Biscuits Parle G
Chocolates Cadbury
Tea Goodricke
Well, he had
22
Market Watch
Reconnaissance
Debutants
23
Ad-sense
Dear Readers,
Heartfelt thanks for your readership ad support. We
intend to make it a magazine that is as much yours as
ours. In this regard, we will be publishing two articles
every edition from the readers. The article should be in
line with the theme of that edition.