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TEAM NAME: BrandWagon                 IIM KOZHIKODE

CASE: RPG Group-Brand Strategy, Phase-I




   Anshul Kumar             Apurba Gorai                 Atul Sharma
 anshulk15@iimk.ac.in     apurbag15@iimk.ac.in         atuls15@iimk.ac.in
   Ph: 8086087963           Ph: 8943305059              Ph: 8943453454
PROBLEM STATEMENT
  Various audiences of RPG’s Brand are unaware of its existence and its composition
  Very few unique traits for which the group is known as a whole
  Inexistent saliency of RPG Enterprise as a parent brand of its group companies

        OBJECTIVES

  Identifying chief drivers of awareness for a group like RPG
  Identifying target segment that the group caters to
  Giving a roadmap to RPG to increase the brand awareness in the masses

RPG BRAND REINFORCEMENT LOOP




     Important to group branding
        *Source: Research, Weber Shandwick
CHIEF DRIVERS OF AWARENESS FOR A GROUP

                        Increased Awareness                                                                                          Increased top of the mind recall by a customer

 Brand Awareness refers to the strength of a brand’s presence in the consumer’s mind
 A group is only a brand if people think of imagery and associations when they think of that particular group
Group Personification (Reputation) by people: Indicator of Awareness                                                                               Brand Iceberg for a group




                                                                                   Groups work extensively for the hidden elements
TATA- A mature, reliable, honest, socially concerned, middle-aged and a
middle class man                                                                                                                                     •Name
Mahindra- 30-35 years of age, strong, rugged, semi-urban and a                                                                                       •Advertising
trustworthy man                                                                                                                                      •Logo              Visible
RPG- Personification is difficult, hence the recall is less                                                                                          •Brand Identity
                                                                                                                                                     •Environments
                                                                                                                                                     •Products and Services


                                                                                                                                                    •Brand Values
                                                         Needs                                                                               Hidden •Management Control Structure
                                                                                                                                                    •Internal Communication
                                                         to reach
                                                                                                                                                    •Business Process
                                                         here
                                                                                                                                                    •Investor Relations
                                                                                                                                                    •Customer Relations
                                                                                                                                                    •Training Quality
                                                                                                                                                    •Staff Motivation
                                                                                                                                                    •Knowledge Management
                                                                                                                                                    •Recruitment Policies
                             RPG needs to move up the ladder                                                                                        •HR Policies and Processes
                                                                                                                                                    •Technology

                    *Source: B2B International
  On this branding ladder, the challenge is to move beyond the
  graphic symbols and metaphors to get to the more difficult                                                      *Source: http://www.brandchannel.com/images/papers/bankonthebrand.pdf
  cultural uniformity that customers and potential customers
  recognise and value.                                                 Increased value of the hidden elements                                                         Increased top of the mind
                                                                                                                                                                        awareness of a group
KEY DRIVERS OF AWARENESS FOR A GROUP
     Stakeholder Touch Point                                Corporate Brand

  Group Brand Awareness                               Group Brand Reputation                              Stakeholders Behavioral intentions




Experience
•Product and Services-

•Company Representatives- They are the corporate touch points for buyers, suppliers and investors
•Online and other auxiliary services- Social Media presence, Corporate web site, workshops and seminars
Communication
•Advertising & Media-


•Name, Colors and Symbols
and Logos
Others
•Influencers- Previous/experienced users of the group’s product and services, employees
•Scholarships and Rewards- Sir Dorabji TATA Scholarship, Aditya Birla Group Scholarships, OP Jindal Scholarship, KC
Mahindra Education Trust
•CSR- Mahindra Finance, TATA Steel CSR initiative, Aditya Birla Group Model Villages
•Competitors- Competitive rivalry raises awareness specially in the B2B Space
•Group
Institutes-


                          *Source: Customer and non-customer perspectives for examining corporate reputation
                          Hamed M Sharma, Salah S. Hasan
KEY DRIVERS OF AWARENESS FOR A GROUP
    Stakeholder Touch Point                            Corporate Brand

 Group Brand Awareness                           Group Brand Reputation                              Stakeholders Behavioral intentions




Emotional Appeal- Group brands associated with nationalism, empowerment, social
upliftment, trust and sports
Products and Services- Quality, value offerings and differentiation in the form of
innovation, R&D etc
Vision and Leadership-
Alignment of group
vision with that of the business divisions
Social and Environmental Responsibilities- Green Initiatives, Workplace Health Safety
Standards, workplace environment (open corporate culture, growth opportunities, flat
organization)

Group Performance- Market Leadership, Profitability, Strong Fundamentals and portfolio of
successful brands
under a group


                              *Source: Customer and non-customer perspectives for examining corporate reputation
                              Hamed M Sharma, Salah S. Hasan
KEY DRIVERS OF AWARENESS FOR A GROUP
   Stakeholder Touch Point                            Corporate Brand

Group Brand Awareness                           Group Brand Reputation                              Stakeholders Behavioral intentions




        Intensions
 Positive Word of mouth                                               Outcomes

                                                          Stakeholder loyalty to group
    Intension to invest
                                                                                                                   Driven by Group
                                                      Stakeholder commitment to group                                Reputation
     Intension to seek
       employment


   Intension to purchase
  organizational products
        and services          Long term exposure to awareness builds up group reputation-
                              >positive group reputation helps in setting up stakeholders’
                              behavioral intentions->Positive reinforcement of these intentions
                              lead to desired outcomes such as commitment and loyalty to the
                              group brand. All the three parameters discussed above create
                              brand awareness for a group

                             *Source: Customer and non-customer perspectives for examining corporate reputation
                             Hamed M Sharma, Salah S. Hasan
TARGET SEGMENTS FOR A GROUP


       Internal Target Segment                                                External Target Segment
     Employees and Management                                                        Suppliers
Strategy & Goals for Brand Awareness                                                Customers
Create an Organization culture that creates group                                       Investors
             awareness (For ex. Google)
                                                                                  Investment Analysts
To communicate a consistent Value system within
                 the organization                                                 Potential Employees
 To align the employees with the stated values of
                                                                                        Society
        the corporation (mission and vision)
     Standardized policies across all the group                                Government
 companies that help in creating a brand identity
                                                                   Strategy & Goals for Brand Awareness
                                                             •To communicate the group’s offering of services and
                                                             products, quality and reliability
                                                             •Emotional connect with the target audiences
                                                             •The policy of criteria based associations (explained
                                                             later) of the sub-companies with the group- Assures
                                                             investors of the robustness of the brand
                                                             •Organization culture and perceived fairness within the
                                                             organization to be communicated to the potential
                                                             employees
                                                             •Image of a community citizen and a local contributor
                         *Source: Aspara.J, Tikkanen.H , Adoption of corporate branding by managers, Brand
                         Management Volume 16
BUILDING A STRONG RPG B2B BRAND
                 *Source: http://www.circle-research.com/b2b-marketing-research/case-studies/documents/B2Bbrandingresearch_001.pdf

   RPG’s brand promise must be relevant                         A Brand is only valuable if it is able to offer a clear benefit which is of
              to a real need                                             value to the customers and the other stakeholders

   RPG’s brand promise must appeal to                         In B2B markets, the decision is more rational. But a strong brand can tick
     the rational and the emotional                            all the rational boxes and offer emotional benefit of working with RPG

    RPG should be in a state of constant                         RPG should evolve to ensure that the brand promise continues to be
                evolution                                                       relevant in a changing environment

     RPG should analyze Gap between                              Identifying areas that would make the business partner outstanding
            Vision and Reality

    RPG should Measure and Respond                              Regularly monitor the health of the group brand and sub-brands. Use
                                                                insights to make sure that all brands remain relevant and compelling
Holistic Brand Strategy         Publicity
                Emotional
                                                                                            Brand Communication
                 Connect                     PR/Advertising
                                                                                                            RPG
      Standards of RPG
                                                     Web Site/ Web
                                                       Banners


         Innovation;                                                              Collaborators                          Customers
            R&D                                                                                            Interactive
                                              Excellent Employee                                           Marketing
                                                    Training
               Networking                                                                     The Branding Triangle
                                      Publications               *Source:http://www.pfoertsch.com/wiki/uploads/OnlyforStudenst/textchapter3.pdf
ROADMAP OF A SUCCESSFUL CORPORATE BRAND FOR RPG

Brand              Brand
Affinity           Relevance

Successful Corporate Brand



                                                  Glorified                As the RPG group evolves, monitor the brand health and keep
                                                  Brand
                                                                           it updated to maintain the relevance

                                                    Monitoring the
                                                    brand health to stay
                                                    relevant in changing
                                                    times
                                                                                      Use colors, symbols and do corporate brand
                              Aligning the other group companies of                   endorsement for group companies other
                              RPG with the rejuvenated corporate brand                than CEAT also; like Raychem, RPG
                              of RPG and communicate the uniqueness                   LifeSciences etc
                              of the brand RPG and its promise

 Revitalizing the RPG brand by identifying relevant                                             Mixture of aspirational
 group brand characteristics and leveraging upon the
                                                                                                Brand image of RPG and
 CEAT brand insights
                                                                                                CEAT brand insights
Identifying the brand promise of
the flagship company (CEAT)                                     Selection Criteria:
                                                                Success, Quality, Strength, strong customer
                                                                orientation and strong Value proposition (CAIRO
THANK YOU!

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Team: BrandWagon, IIM Kozhikode, RPG Blizzard 2012- Phase-I

  • 1. TEAM NAME: BrandWagon IIM KOZHIKODE CASE: RPG Group-Brand Strategy, Phase-I Anshul Kumar Apurba Gorai Atul Sharma anshulk15@iimk.ac.in apurbag15@iimk.ac.in atuls15@iimk.ac.in Ph: 8086087963 Ph: 8943305059 Ph: 8943453454
  • 2. PROBLEM STATEMENT  Various audiences of RPG’s Brand are unaware of its existence and its composition  Very few unique traits for which the group is known as a whole  Inexistent saliency of RPG Enterprise as a parent brand of its group companies OBJECTIVES  Identifying chief drivers of awareness for a group like RPG  Identifying target segment that the group caters to  Giving a roadmap to RPG to increase the brand awareness in the masses RPG BRAND REINFORCEMENT LOOP Important to group branding *Source: Research, Weber Shandwick
  • 3. CHIEF DRIVERS OF AWARENESS FOR A GROUP Increased Awareness Increased top of the mind recall by a customer  Brand Awareness refers to the strength of a brand’s presence in the consumer’s mind  A group is only a brand if people think of imagery and associations when they think of that particular group Group Personification (Reputation) by people: Indicator of Awareness Brand Iceberg for a group Groups work extensively for the hidden elements TATA- A mature, reliable, honest, socially concerned, middle-aged and a middle class man •Name Mahindra- 30-35 years of age, strong, rugged, semi-urban and a •Advertising trustworthy man •Logo Visible RPG- Personification is difficult, hence the recall is less •Brand Identity •Environments •Products and Services •Brand Values Needs Hidden •Management Control Structure •Internal Communication to reach •Business Process here •Investor Relations •Customer Relations •Training Quality •Staff Motivation •Knowledge Management •Recruitment Policies RPG needs to move up the ladder •HR Policies and Processes •Technology *Source: B2B International On this branding ladder, the challenge is to move beyond the graphic symbols and metaphors to get to the more difficult *Source: http://www.brandchannel.com/images/papers/bankonthebrand.pdf cultural uniformity that customers and potential customers recognise and value. Increased value of the hidden elements Increased top of the mind awareness of a group
  • 4. KEY DRIVERS OF AWARENESS FOR A GROUP Stakeholder Touch Point Corporate Brand Group Brand Awareness Group Brand Reputation Stakeholders Behavioral intentions Experience •Product and Services- •Company Representatives- They are the corporate touch points for buyers, suppliers and investors •Online and other auxiliary services- Social Media presence, Corporate web site, workshops and seminars Communication •Advertising & Media- •Name, Colors and Symbols and Logos Others •Influencers- Previous/experienced users of the group’s product and services, employees •Scholarships and Rewards- Sir Dorabji TATA Scholarship, Aditya Birla Group Scholarships, OP Jindal Scholarship, KC Mahindra Education Trust •CSR- Mahindra Finance, TATA Steel CSR initiative, Aditya Birla Group Model Villages •Competitors- Competitive rivalry raises awareness specially in the B2B Space •Group Institutes- *Source: Customer and non-customer perspectives for examining corporate reputation Hamed M Sharma, Salah S. Hasan
  • 5. KEY DRIVERS OF AWARENESS FOR A GROUP Stakeholder Touch Point Corporate Brand Group Brand Awareness Group Brand Reputation Stakeholders Behavioral intentions Emotional Appeal- Group brands associated with nationalism, empowerment, social upliftment, trust and sports Products and Services- Quality, value offerings and differentiation in the form of innovation, R&D etc Vision and Leadership- Alignment of group vision with that of the business divisions Social and Environmental Responsibilities- Green Initiatives, Workplace Health Safety Standards, workplace environment (open corporate culture, growth opportunities, flat organization) Group Performance- Market Leadership, Profitability, Strong Fundamentals and portfolio of successful brands under a group *Source: Customer and non-customer perspectives for examining corporate reputation Hamed M Sharma, Salah S. Hasan
  • 6. KEY DRIVERS OF AWARENESS FOR A GROUP Stakeholder Touch Point Corporate Brand Group Brand Awareness Group Brand Reputation Stakeholders Behavioral intentions Intensions Positive Word of mouth Outcomes Stakeholder loyalty to group Intension to invest Driven by Group Stakeholder commitment to group Reputation Intension to seek employment Intension to purchase organizational products and services Long term exposure to awareness builds up group reputation- >positive group reputation helps in setting up stakeholders’ behavioral intentions->Positive reinforcement of these intentions lead to desired outcomes such as commitment and loyalty to the group brand. All the three parameters discussed above create brand awareness for a group *Source: Customer and non-customer perspectives for examining corporate reputation Hamed M Sharma, Salah S. Hasan
  • 7. TARGET SEGMENTS FOR A GROUP Internal Target Segment External Target Segment Employees and Management Suppliers Strategy & Goals for Brand Awareness Customers Create an Organization culture that creates group Investors awareness (For ex. Google) Investment Analysts To communicate a consistent Value system within the organization Potential Employees To align the employees with the stated values of Society the corporation (mission and vision) Standardized policies across all the group Government companies that help in creating a brand identity Strategy & Goals for Brand Awareness •To communicate the group’s offering of services and products, quality and reliability •Emotional connect with the target audiences •The policy of criteria based associations (explained later) of the sub-companies with the group- Assures investors of the robustness of the brand •Organization culture and perceived fairness within the organization to be communicated to the potential employees •Image of a community citizen and a local contributor *Source: Aspara.J, Tikkanen.H , Adoption of corporate branding by managers, Brand Management Volume 16
  • 8. BUILDING A STRONG RPG B2B BRAND *Source: http://www.circle-research.com/b2b-marketing-research/case-studies/documents/B2Bbrandingresearch_001.pdf RPG’s brand promise must be relevant A Brand is only valuable if it is able to offer a clear benefit which is of to a real need value to the customers and the other stakeholders RPG’s brand promise must appeal to In B2B markets, the decision is more rational. But a strong brand can tick the rational and the emotional all the rational boxes and offer emotional benefit of working with RPG RPG should be in a state of constant RPG should evolve to ensure that the brand promise continues to be evolution relevant in a changing environment RPG should analyze Gap between Identifying areas that would make the business partner outstanding Vision and Reality RPG should Measure and Respond Regularly monitor the health of the group brand and sub-brands. Use insights to make sure that all brands remain relevant and compelling Holistic Brand Strategy Publicity Emotional Brand Communication Connect PR/Advertising RPG Standards of RPG Web Site/ Web Banners Innovation; Collaborators Customers R&D Interactive Excellent Employee Marketing Training Networking The Branding Triangle Publications *Source:http://www.pfoertsch.com/wiki/uploads/OnlyforStudenst/textchapter3.pdf
  • 9. ROADMAP OF A SUCCESSFUL CORPORATE BRAND FOR RPG Brand Brand Affinity Relevance Successful Corporate Brand Glorified As the RPG group evolves, monitor the brand health and keep Brand it updated to maintain the relevance Monitoring the brand health to stay relevant in changing times Use colors, symbols and do corporate brand Aligning the other group companies of endorsement for group companies other RPG with the rejuvenated corporate brand than CEAT also; like Raychem, RPG of RPG and communicate the uniqueness LifeSciences etc of the brand RPG and its promise Revitalizing the RPG brand by identifying relevant Mixture of aspirational group brand characteristics and leveraging upon the Brand image of RPG and CEAT brand insights CEAT brand insights Identifying the brand promise of the flagship company (CEAT) Selection Criteria: Success, Quality, Strength, strong customer orientation and strong Value proposition (CAIRO