Welcome to Exchange4media - The Media for Media

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  • 8/10/2019 Welcome to Exchange4media - The Media for Media

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    12/15/2014 Welcome to exchange4media - the media for media

    http://www.exchange4media.com/peoplemovement/printpage.asp?section_id=23&news_id=32625&tag=13473 1/3

    MRS 2008: Consumers under the scanner of the market research lens

    The Market Research Society of India (MRSI) conducted its 18th annual Market Research Seminar in Mumbai on September 25.Designed as a two-day event, day one saw serious deliberations on various research papers from organisations such as IMRB on subjectslike new opportunities, connecting with the consumers and making relevant offers.

    Identifying New Opportunities

    The first session of the day was on Identifying New Opportunities, which was further broken up in three sub-sets QualT Breakingthe Boundaries Ideation for New Product Development Getting to Mr Right @ Right Place: Actionable Segmentation Solutions to aidin Micro-Marketing and Interactivity Pixel: A new lens for Segmentation.

    The speakers included Dixit Channa, Insights Director, IMRB International, and Madhubanti Niyogi, Insights Director, IMRB

    International. The duo brought under scrutiny the traditional approach on development of new product ideas in Qualitative Research. Theapproach of this paper was to bring in an element of quantitative in the qualitative module for stronger directional cues to the clients.

    Both Channa and Niyogi felt, The challenge is not to give a laundry list, but generate few actionable features that would enable them toestablish their USP. And as a start, we critically looked at our approach and identified three key challenges that had to be overcome to

    bring more value to our clients.

    The paper on Getting to Mr Right @ Right Place: Actionable Segmentation Solutions to aid in Micro-Marketing was authored by NSMuthukumaran, Director, Technical Training and Measurement Sciences, The Nielsen Company, and Dr Gayathri Sawahar, Ph.D inOrganisational Behaviour. Both felt that segmentation helped marketers to group consumers on the basis of their homogeneity and

    evolve strategies specifically to target the chosen segments.

    The other speakers in the session were Sharmila Das, VP, IMRB International Surekha Poddar, VP-Market Research and ConsumerInsights, Bharti Airtel Ltd Shubhabrata Roy Insights Director, IMRB International and Anshuman Ray, Insights Director, IMRBInternational. In a discussion on Interactivity Pixel, the key objective of the Pixel Segmentation was to understand which clusters weremost critical for a particular category and which were the lifestages and occupations that formed these clusters. In other words, the Pixelmodel aims to define clusters, allow possible revenue contributors and understand their needs through thorough understanding of need-states based on both lifestage and occupation. The panel believed that this would help gain customer insights for better campaignmanagement, predict user behaviour and evaluate customer lifetime value.

  • 8/10/2019 Welcome to Exchange4media - The Media for Media

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    12/15/2014 Welcome to exchange4media - the media for media

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    Connecting with the consumer

    The next session of the day focussed on consumers. After toying with numerous ideas in the past, brands today have become clear onways to forge an innate bond with the consumer. For them, the consumer is the ultimate and only one that can give their brand animpetus, or even downright reject them.

    Nilakshi Sengupta, Associate Director, Synovate Brand & Communication Practice, began the session by bringing to the fore old andnew measures of communication testing as she spoke on the topic Taking Communication Testing to a new level. Advocating the need

    for a new system, Sengupta said, Our industry has been under the tyranny of numbers for some while now. Whats the point of numbersgoing up or down when nothing changes in the real world? Its time we looked at more advanced and favourable options ofcommunication testing.

    Taking the audience through the prevalent methods, Sengupta said that purchase intention long formed the basis of communicationstesting. Yet longitudinal analysis of real consumer behaviour shows that there is little connection between what people say they will doand what they actually do. One, therefore, had to question its value as a measure of advertising effectiveness, she added.

    Suggesting a robust method, Sengupta took the audience through the Attitudinal Equity method, considered to be a new dependentvariable. Explaining the term and the methodology, she said, Attitudinal Equity is defined as a measure of the extent to which a personwants a brand, or the psychological desire of an individual for a brand. In a perfect world, it is a measure of the likelihood that someonewill buy the brand or their attitudinal purchase propensity. Respondents rate each brand in their relevant set on a 10-point brand

    performance scale. The relevant set is determined by each respondent and is established by brands that the respondent uses or considers.

    Cutting edge research in Cinema: The innovation challenge

    Sharing the experiences that brands face with cinema houses and with consumers who walk in to watch a movie, Tushar Dhingra, COO,Adlabs Cinemas, began by citing what the world of media was getting into. Speaking on the topic Cinema A consumer connect

    platform, Dhingra said that Indian media scenario was changing very fast with there being more than 440 TV channels today, 25,000-plus publications, 125-plus radio stations, and more. However, Dhingra was quick to caution on the reverse trend that was beingobserved, where viewers were spending less time on TV and reading newspapers and that media was approaching a situation where they

    were aggressively competing against each other to gain a formidable share of the media market. This is resulting in fragmentation oftraditional media and is forcing marketers to look beyond, he said.

    Citing the stance of marketers, Dhingra said that marketers today were looking for media that provided involvement and experience, andnot just exposure. When it comes to cinema, marketers see a potential as it offers captive audiences, unlike the other mass media,cinema is a high involvement medium, it gives an opportunity to offer a complete consumer experience and connect platform, and alsooffers options to do innovative advertising and brand promotion activities both on screen and outside, shared Dhingra.

    As for advertisers, Dhingra said, They dont have information on the profile of the people visiting in terms of demographics,

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    12/15/2014 Welcome to exchange4media - the media for media

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    psychographics, product and brand usage and lifestyle efficiency in terms of reach and frequency of the overall theatre and theadvertising properties within the theatre efficacy of theatre medium in terms of the ad recall, because of which the buying space islargely done by gut feel, resulting in no inputs on ROI being achieved. According to him, it was important to create a connect platformthat could act as an integrated tool for marketers and advertisers to evaluate cinema as a consumer connect platform and not just as a

    brand communication exposure vehicle.

    Dhingra recommended the RFID case-study that was adopted by Adlabs, which helped by providing an efficiency measure for themedium by giving reach and frequency for the theatre as a whole and also each advertising property within the theatre. The study was

    also beneficial as it managed to give hot and cold spots for advertising within the theatre for advertising and provided an efficacymeasure by linking the R&F to the ad recall of the brands advertised.

    "The advantages of RFID technology is that it is non-intrusive and automatic in nature, it captures the consumer connect points insidethe cinema without any probing, has better response rates with no manual error, is precise to the point that it captures actual movementof people and provides an unbiased effectiveness of the connect points, and that the data can be gathered for each advertising propertyseparately," Dhingra added.