78
Castrol Vecton November 2012 Proposition development

Castrol Vecton November 2012 Proposition development

Embed Size (px)

Citation preview

Page 1: Castrol Vecton November 2012 Proposition development

Castrol VectonNovember 2012

Proposition development

Page 2: Castrol Vecton November 2012 Proposition development

Contents

• Background

• Brand Proposition

• Market Challenges

• Communication Development

• Communications Architecture

• Taking it forward to B2B communication

• Summary

2

Page 3: Castrol Vecton November 2012 Proposition development

3

VECTONBackground

Page 4: Castrol Vecton November 2012 Proposition development

The brief

• Launch a new brand across 10 markets–Americas: Brazil, US–Asia: China, India, Malaysia, Vietnam–Australia–Europe: Poland, Turkey, Russia

• Target segment:– ‘Enterprisers’ mindset in the B2B segment– ‘Achievers’ mindset in the B2C segment

4

Page 5: Castrol Vecton November 2012 Proposition development

The product portfolio

• ‘Castrol Vecton’ as a base variant

• 2 variants providing added benefits on:–Fuel Economy – ‘Vecton Fuel Saver’–Longer Drain Interval – ‘Vecton Long Drain’

• System 5 Technology is the common RTB for the entire portfolio

5

Page 6: Castrol Vecton November 2012 Proposition development

System5 – Areas

Fuel Consumption

Power Loss

MaintenanceOil Change

Oil consumption

Viscosity control

Engine deposits

Oil under chemical / physical attack

Engine damage leads to shorter component life

Soot abrasive wear

Technology Story

Page 7: Castrol Vecton November 2012 Proposition development

7

Credibility and Differentiation

Vecton’s performance scores are better than industry standards by a minimum of 20%

Page 8: Castrol Vecton November 2012 Proposition development

Vecton Product Labels

Page 9: Castrol Vecton November 2012 Proposition development

9

VECTONBrand Proposition

Page 10: Castrol Vecton November 2012 Proposition development

10

10

Insights Overview More self-centred

Get a real buzz from business

Entrepreneurial spiritForward thinking

Highly ambitious / drivenSky is the limit

Financially driven

Inordinately proud of

achievementsSeek respect and recognition for achievementsWant the best

Want to give their family the best

Would be happy / proud for child to take over empire

Emotionally attached to their truck

Symbolises their success

Source: global segmentation study

Page 11: Castrol Vecton November 2012 Proposition development

The final concept – post research

Insight/Emotional Benefit

My ambition to succeed in my business, drives me to get more & more from my vehicles

Functional Benefit

Castrol Vecton Maximises Engine Performance

RTBEngineered with our most advanced System 5

TechnologyTM which gives you more

11

Want “more” from the truck to help them achieve their ambitions. Cannot ignore “Protection” as a underlying

benefit.

Page 12: Castrol Vecton November 2012 Proposition development

CastrolGuardian

Proposition can “own” NEW SPACE

Ambition

Reassurance

Pro

tect

ion

Perfo

rman

ce

CastrolAchiever

Superfleet

Delo

US

NOC’s

Non differentiated Protection

Australia

Source: Created by Millward Brown post research using findings Feb 2011

20% of the consumer market is Achievers, an untapped segment for us !

Page 13: Castrol Vecton November 2012 Proposition development

13

VECTONMarket Challenges

Page 14: Castrol Vecton November 2012 Proposition development

Market Challenges

• Vecton is a new Castrol product in some markets, and in other markets, it replaces an existing Castrol product

• B2B is the prominent segment in some, while B2C is the prominent one in others

• Castrol is a market leader in some markets, and a weak player in others

14

Page 15: Castrol Vecton November 2012 Proposition development

15

VECTONCommunication Development

Page 16: Castrol Vecton November 2012 Proposition development

The need

Articulate the brand proposition for Vecton in a way that:

• Breaks the clutter of engine oil communication, and stands out as unique and memorable; and

• Addresses relevant needs of the consumers

16

Page 17: Castrol Vecton November 2012 Proposition development

(Castrol Vecton’s) System 5 technology

adapts and responds to the changing engine conditions

(and thus) the competitive edge in your business

Attribute (technology)

How it works

Benefits (functional)

Emotional Pay off

Source of authorityCastrol

thus improving engine performance in 5 key areas

(like) fuel consumption, oil consumption, power, oil changes,

component life

(so) you get the most from your truck(s)

Brand Ladder

Page 18: Castrol Vecton November 2012 Proposition development

Starting points explored earlier

18

Page 19: Castrol Vecton November 2012 Proposition development

#1 Creating an aspirational user personality

Vecton

The oil for those who move the economy

19

Page 20: Castrol Vecton November 2012 Proposition development

#2.1 Giving the oil a unique descriptor

Vecton

The Performance Oil

20

Page 21: Castrol Vecton November 2012 Proposition development

#2.2 Giving the oil a unique descriptor

Vecton

The Profit Oil

21

Page 22: Castrol Vecton November 2012 Proposition development

#3 Focusing on the benefit

Vecton

Keeps your engine as good as new

22

Page 23: Castrol Vecton November 2012 Proposition development

Feedback and learning

• Need to maintain a strong link to the product story

• Proposition to be common for base and value-added variants

• Need to appeal to both B2B and B2C consumers

• Avoid fluffy labels / descriptors and be to-the-point

23

Page 24: Castrol Vecton November 2012 Proposition development

IDENTIFYING STRONG DIFFERENTIATORS FOR VECTON

24

Page 25: Castrol Vecton November 2012 Proposition development

3 Starting Points

25

Aunique

product benefit

Arelevant need

of our TG

Adifferentiated wayof communicating

Page 26: Castrol Vecton November 2012 Proposition development

#1: From the product perspective

• Castrol Vecton comes with System 5 Technology, Castrol’s most advanced engine oil technology till date.

• As compared to most other oil brands, which provide only one or two benefits, Castrol Vecton acts in 5 areas to deliver improved engine performance.

• Between its base and special variants, it has a solution to every possible need of the owner-driver and the fleet owner.

26

Page 27: Castrol Vecton November 2012 Proposition development

#1: From the product perspective

• As opposed to most oils just maintaining performance, Vecton is able to improve performance by as much as 20%.

• With its multiple actions, Vecton can called an equivalent of a smart, multi-skilled performer with an intuitive ability to detect and resolve problems before they can cause any damage.

27

Page 28: Castrol Vecton November 2012 Proposition development

Building this into Vecton’s proposition

• Option 1:

Vecton is an intuitive oil. It detects and defeats engine problems before any damage is caused.

• Option 2:

Vecton is an oil with multiple benefits. Its multiple-actions approach identifies 5 different engine problems and negates their impact, to improve better performance

28

Page 29: Castrol Vecton November 2012 Proposition development

#2: From a TG perspective

• Castrol Vecton targets ‘Achievers’ and ‘Enterprisers’ mindsets among B2C and B2B consumer segments.

• We know from research that these consumers are ambitious, enterprising people with a risk-taking ability, and–Look for a competitive edge in the work they do–Want to stand out from the crowd; be seen as doing something different–Are always on the look out for game-changing products, ideas, or practices

29

Page 30: Castrol Vecton November 2012 Proposition development

Exploring the Achievers’ mindset

30

Source: Castrol Research in Australia

Page 31: Castrol Vecton November 2012 Proposition development

Exploring the Achievers’ mindset

31

Source: Castrol Research in the US

Page 32: Castrol Vecton November 2012 Proposition development

Exploring the Achievers’ mindset

32

Source: Castrol Research in Turkey

Page 33: Castrol Vecton November 2012 Proposition development

Exploring the Achievers’ mindset

33

Source: Synovate Research across China, Vietnam, and India

Page 34: Castrol Vecton November 2012 Proposition development

Exploring the Achievers’ mindset

34

Source: Autumn Leaves Research in Turkey

Page 35: Castrol Vecton November 2012 Proposition development

Exploring the Achievers’ mindset

35

Source: Autumn Leaves Research in Turkey

Page 36: Castrol Vecton November 2012 Proposition development

Building this into Vecton’s proposition

• Option 1:

Vecton gives your business a competitive edge over others

• Option 2:

Vecton is a unique, better, smarter way of doing business

36

Page 37: Castrol Vecton November 2012 Proposition development

#3: From the competitors’ perspective

• We looked at the ATL communication done by brands over the last few years, across countries

• Additionally, we went through websites, and compared product claims for brands and variants.

37

Page 38: Castrol Vecton November 2012 Proposition development

Most communication in the category is rather predictable and un-distinctive.When logos are interchanged – it is difficult to understand which ad belong to which brand

Page 39: Castrol Vecton November 2012 Proposition development

Building this into Vecton’s proposition

• Option 1:

Vecton is nothing like the engine oils you have used so far

• Option 2:

Vecton is the next generation of engine oils

39

Page 40: Castrol Vecton November 2012 Proposition development

Bringing these ideas together

40

Product• Performance oil• Smart, intuitive oil with

multiple benefits

TG• Gives your business a

competitive edge• Unique, better, smarter

way of doing business

Competition• Nothing like the engine oils

you have used so far• The next generation of

engine oils

Page 41: Castrol Vecton November 2012 Proposition development

The big opportunity here…

• To break category conventions

• To relook the way decisions are made in the category

• To make a lifeless, deadpan category of engine oils come to life

• To make the TG get up and take notice

• To make a connect between what happens inside the truck, with what happens in our TG’s world

• To talk to their aspirations (dream, ambitions) not exasperations (daily struggles, truck maintenance)

41

Page 42: Castrol Vecton November 2012 Proposition development

42

What common link can we find between Vecton and his life?

Page 43: Castrol Vecton November 2012 Proposition development

What fuels his ambition

• Entrepreneurship, new initiatives

• Risk-taking, challenges

• Bold decisions, unchartered territories

43

Vecton can be his bridge to go

from a ‘businessman’

to a ‘successful businessman’

A better choice

A better vision

A SMARTER DECISION

Page 44: Castrol Vecton November 2012 Proposition development

A single word that describes these benefits

44

‘Smart’

Page 45: Castrol Vecton November 2012 Proposition development

Let’s look at the world around us

45

Page 46: Castrol Vecton November 2012 Proposition development

Giving a new description to Vecton

Vecton is a ‘Smart Oil’

47

Page 47: Castrol Vecton November 2012 Proposition development

Does ‘smart’ have the right associations?

48

SMART

Across different industries, ‘smart’ refers to a new generation of products.

Uncommon, sometimes, contrarian business practices that lead to growth

/ profits.

In culture too, ‘smart’ suggests a better, improved way of living.

At an individual level, ‘smart’ differentiates itself from the ordinary, creates a perception of superiority.

Page 48: Castrol Vecton November 2012 Proposition development

In our category, is ‘smart’ clutter-breaking?• No one is in our category is talking about it.

• It allows us to talk to owners themselves, because we talk business, not just vehicles and engines.

• It allows us to have a different point of view on business.

49

Page 49: Castrol Vecton November 2012 Proposition development

In our category, is ‘smart’ relevant?

• It’s an expressed need of our TG – Achievers and Enterprisers.

• With the category facing a tough situation in most economies, this plank helps us catch attention, and that too, of the key influencers and decision-makers.

• It helps us put our best foot forward; gives consumers an unquestionable reason to switch to our new brand.

50

Page 50: Castrol Vecton November 2012 Proposition development

Is ‘smart’ sustainable?

• The versatility of ‘smart’ allows us to start with most relevant and immediate context every time we approach new communication.

• It can also be used in different ways for–New product launches–Promotional offers and schemes–Loyalty programs–Channel programs–New initiatives

51

Page 51: Castrol Vecton November 2012 Proposition development

Tackling legal issues

• Calling Vecton a ‘Smart Oil’ may lead to legal issues in some markets

• Other options:–The Smart Generation Oil

–The Oil with ‘Smart Sense’

–The Intelligent Oil

–The Clever Oil

52

Page 52: Castrol Vecton November 2012 Proposition development

Building a proposition from ‘smart’

53

Page 53: Castrol Vecton November 2012 Proposition development

(Castrol Vecton’s) System 5 technology

adapts and responds to the changing engine conditions

(and thus) the competitive edge in your business

Brings the product story and the consumer mindset together.

Helps meet market challenges for the brand

too.

Adapt: differentiates the product, as well as

connects to the business reality of the consumers.

Smart: is versatile and can evolve to describe newer product stories

going forward.

Attribute (technology)

How it works

Benefits (functional)

Emotional benefit

Source of authorityCastrol It’s smart to adapt

Campaign Idea

Campaign Insight

Brand Ladder

More than size or strength, what

helps a man win, is how adaptable he

is to change.

thus improving engine performance in 5 key areas

(like) fuel consumption, oil consumption, power, oil changes,

component life

(so) you get the most from your truck(s)

54

Realisation of ambitions / ambitions achieved

Emotional Pay off

Page 54: Castrol Vecton November 2012 Proposition development

Various ways of communicating smart

55

Page 55: Castrol Vecton November 2012 Proposition development

Filter#1 Smart as an Achiever personality

• Vecton gets as much from your trucks as you do from yourself and your people

• Vecton responds to changing situations to deliver performance, the same way you do.

• Vecton is the smart way to grow big

56

Page 56: Castrol Vecton November 2012 Proposition development

#1.1 Get more. Achieve more.

57

To lead my trucking business to new heights, I try to push myself and my team harder. I wish I could do the same with my trucks too, and get more performance out of them.

INSIGHT

New Castrol Vecton with Smart System5 Technology gets as much from your trucks as you do from people. It adapts and responds to changing engine conditions to deliver 20% better engine performance.

ROLE OF BRAND

Castrol Vecton with Smart System5 technologyGet more. Achieve more.

PAYOFF

Page 57: Castrol Vecton November 2012 Proposition development

#1.2 Superior performance under all conditions

58

Trucking business is constantly changing and evolving. And to achieve success, I continuously adapt myself to the changing conditions, and make the most of them.

INSIGHT

New Castrol Vecton works in the same way. Its Smart System 5 Technology adapts and responds to changing engine conditions, to deliver 20% better performance compared to industry standards.

ROLE OF BRAND

Castrol Vecton with Smart System5 technologySuperior performance under all conditions

PAYOFF

Page 58: Castrol Vecton November 2012 Proposition development

#1.3 Growth without smartness is a dumb idea

59

Business is a very tricky game. You not only need to grow fast, but do it smartly. Just investing more won’t get there, you also have to get more from your investments.

INSIGHT

New Castrol Vecton helps me get more from my trucks. Its Smart System 5 Technology adapts and responds to changing engine conditions, to deliver 20% better performance compared to industry standards.

ROLE OF BRAND

Castrol Vecton with Smart System5 technologyBecause growth without smartness is a dumb idea.

PAYOFF

Page 59: Castrol Vecton November 2012 Proposition development

Filter#2 Smart as their competitive edge in business

• Vecton helps you not just to get ahead, but also to stay ahead.

• Vecton helps you check-mate the competition.

60

Page 60: Castrol Vecton November 2012 Proposition development

#2.1 Win every race

61

My business for me is an ongoing race; and winning once demands winning again. Therefore, I use the best of people and products to stay ahead of my competition.

INSIGHT

I use new Castrol Vecton in my trucks. Its Smart System 5 Technology works even under changing engine conditions, and delivers 20% better performance compared to industry standards.

ROLE OF BRAND

Castrol Vecton with Smart System5 technologyWin every race

PAYOFF

Page 61: Castrol Vecton November 2012 Proposition development

#2.2 Checkmate the competition

62

Competition in business is like a game of chess. One dumb move, and you have lost it all. Therefore I always look for smart ways of beating my competition.

INSIGHT

New Castrol Vecton is one such move. Its Smart System 5 Technology adapts and responds to changing engine conditions, and delivers 20% better performance compared to industry standards.

ROLE OF BRAND

Castrol Vecton with Smart System5 technologyCheckmate the competition

PAYOFF

Page 62: Castrol Vecton November 2012 Proposition development

Filter#3 Smart as a response to business conditions

• Vecton is a smart generation oil for smart generation trucking

63

Page 63: Castrol Vecton November 2012 Proposition development

#3 The smart generation oil for smart generation trucking

64

Every few years, trucking business evolves with new technology and business practices. If you don’t spot the trends and adapt yourself, you will be left behind.

INSIGHT

New Castrol Vecton is one such trend. Its new generation System 5 Technology adapts and responds to changing engine conditions, and delivers 20% better performance.

ROLE OF BRAND

Castrol Vecton with System5 technologyThe smart generation oil for smart generation trucking

PAYOFF

Page 64: Castrol Vecton November 2012 Proposition development

Filter#4 Smart as a response to ambitions

• Vecton also adapts to bigger, more ambitious dreams

65

Page 65: Castrol Vecton November 2012 Proposition development

#4 The oil that adapts to your growing ambitions

66

All my life, I have believed in setting loftier targets and beating them. The same applies to my business too. What I need for this, are people and products that set new benchmarks in performance.

INSIGHT

New Castrol Vecton does that for me. Its Smart System 5 Technology adapts and responds to changing engine conditions, and delivers 20% better performance compared to industry standards.

ROLE OF BRAND

Castrol Vecton with Smart System5 technologyThe oil that adapts to your growing ambitions

PAYOFF

Page 66: Castrol Vecton November 2012 Proposition development

67

VECTONCommunications Architecture

Page 67: Castrol Vecton November 2012 Proposition development

Using ‘Smart’ for variants too

68

Variant communication

Castrol VectonFuel Saver

Castrol VectonLong Drain

A smart oil that adapts to rising fuel costs

Provides 4% more fuel economy

A smart oil that adapts to extended trips

Can go for 70,000 kms.

A smart oil that adaptsto changing conditions

Portfolio communication

Page 68: Castrol Vecton November 2012 Proposition development

A few directional executions

69

Page 69: Castrol Vecton November 2012 Proposition development

70

Page 70: Castrol Vecton November 2012 Proposition development

71

Page 71: Castrol Vecton November 2012 Proposition development

72

Page 72: Castrol Vecton November 2012 Proposition development

73

Page 73: Castrol Vecton November 2012 Proposition development

74

VECTONB2B Communications

Page 74: Castrol Vecton November 2012 Proposition development

Demo Videos & Technical

Data

Digital sales tool

Symptoms Identification

Global Testimonials

& Case studies

Value Calculation

Tool

agency proposal

Page 75: Castrol Vecton November 2012 Proposition development

In Sum

• From all perspectives, ‘smart’ seems to have the right associations to help us launch Vecton.

• In our category, ‘smart’ is clutter-breaking, relevant and sustainable.

76

Page 76: Castrol Vecton November 2012 Proposition development

In Sum

• Ways in which Vecton can be communicated to consumers:1. Vecton gets as much from your trucks as you do from yourself and your

people2. Vecton responds to changing situations to deliver performance, the same

way you do.3. Vecton is the smart way to grow big4. Vecton helps you not just to get ahead, but also to stay ahead.5. Vecton helps you check-mate the competition6. Vecton is a smart generation oil for smart generation trucking7. Vecton adapts to bigger, more ambitious dreams

77

Page 77: Castrol Vecton November 2012 Proposition development

Mapping our journey

78

Launch Vecton portfolio across 10 markets;

target ‘Achievers’ and ‘Enterprisers’

Using System5 benefits to build product story

Trying user personality, descriptors, and benefit

story as propositions

Developing a common differentiator across

consumers, products, and communication

Checking ‘Smart Oil’ on uniqueness, relevance, and

sustainability

Ways in which ‘Smart’ can be communicated

Taking ‘Smart’ to B2B channel of communication

Testing, tweaking, and aligning ‘Smart’ across

country / regional teams

Page 78: Castrol Vecton November 2012 Proposition development

Let’s discuss

79