Friday, January 26, 2007

IF

My dad introduced me to this poem just before I left for BITS...Gives me inspiration whenever I need! With placement season around the corner, I once again go back to this ocean of inspiration!

'if' by rudyard kipling

If you can keep your head when all about you
Are losing theirs and blaming it on you,
If you can trust yourself when all men doubt you,
But make allowance for their doubting too;
If you can wait and not be tired by waiting,
Or being lied about, don't deal in lies,
Or being hated, don't give way to hating,
And yet don't look too good, nor talk too wise:

If you can dream - and not make dreams your master,
If you can think - and not make thoughts your aim;
If you can meet with Triumph and Disaster
And treat those two impostors just the same;
If you can bear to hear the truth you've spoken
Twisted by knaves to make a trap for fools,
Or watch the things you gave your life to, broken,
And stoop and build 'em up with worn-out tools:

If you can make one heap of all your winnings
And risk it all on one turn of pitch-and-toss,
And lose, and start again at your beginnings
And never breath a word about your loss;
If you can force your heart and nerve and sinew
To serve your turn long after they are gone,
And so hold on when there is nothing in you
Except the Will which says to them: "Hold on!"

If you can talk with crowds and keep your virtue,
Or walk with kings - nor lose the common touch,
If neither foes nor loving friends can hurt you,
If all men count with you, but none too much;
If you can fill the unforgiving minute
With sixty seconds' worth of distance run,
Yours is the Earth and everything that's in it,
And - which is more - you'll be a Man, my son!

Rudyard Kipling

Friday, January 19, 2007

Marketing India!

Marketing India!

“The fastest growing free market democracy in the world!” screamed a billboard at the World Economic Forum in Davos. This might well have been the first tiny step for India’s marketing campaign to woo foreign investment, but to a nation that was for a long time inward focused, it is a giant leap.

The question is why India should market itself at all. After all, the Indian culture has always preferred the path of the understated and unspoken with branding and marketing being considered hubris. The answer is that as a nation we are at the cusp of events and our decisions now will determine our future. From being a nation filled with social strife and economic disparity to one of economic superpowerdom, we can be anywhere in between.

But then again, does marketing fit into the scheme of things? Yes, because we are in an era defined by globalization, technology and communication, reduction in traditional boundaries, and stronger focus on international relationships and strategic alliances. And in this era, every nation has a position in the global pecking order and every nation must sell itself before selling its products.

This marketing of the nation as a brand leads to what Joseph Nye, a former U.S. assistant secretary of defense and Harvard University professor of international relations, calls ``soft power,'' which he defines as ``the ability to get what you want through attraction rather than through coercion.'' “Coercion”, he says, “needs the stick of military power or the carrot of money. A country's soft power, by contrast, rests upon the attractiveness of its culture, the appeal of its domestic political and social values, and the style and substance of its foreign policies''

When talking about the Indian culture, words like spirituality, yoga and alternate medicine immediately strike a chord in the western mind and these are considered chic. With the largest functioning democracy, independent judiciary and free press, the Indian political and social values are definitely aligned with the west. And foreign policies, after the opening up of the economy in 1991 have been forward looking. These are just indicators of the soft power that India can wield on the world and pull the world’s attention onto itself if marketed effectively.

But then, acquiring soft power is just one side of the marketing coin. This side addresses the problem of changing the world’s perception of India. The other side of the marketing coin deals with creating, communicating and delivering actual value for businesses and individuals wanting to associate with India. Unlike soft power, this ‘value’ is not universal to all. Hence the need for creating as many value centers as possible each with its own unique value proposition (UVP). Some of the value centers that have come up inadvertently in India are Diamond state- Gujarat, IT city- Bangalore and Textile town- Tirupur. Eventually these value centers become brands unto themselves and they will be the windows through which their customers look at India.

The companies in these value centers will individually have to become world class in order to compete with similar companies having similar workforce trying to woo the same global customer. To achieve that they carve niches and create UVPs within their operating space and become world renowned brands like Infosys and Wipro have in the field of IT. The leaders of these companies then become brand ambassadors for the country.

These companies competing as they are with each other and the rest of the world will require every employee to be accountable and deliver value to the company and eventually to its customer. In a way every employee has to market himself and his work to survive and succeed.

Thus every employee, by doing his work in a way that adds most value to the customer is marketing himself, the company, the value center and the nation! As every citizen realizes this, we begin to decide our own future and the future of the nation. And what an exciting future it promises to be…

Fortune in an electric train!

Fortune in an Electric Train:

“If we stop thinking of the poor as victims or as a burden and start recognizing them as resilient and creative entrepreneurs and value conscious consumers, a whole new world of opportunity will open up” – C.K.Prahalad, The Fortune At the Bottom of the Pyramid.

It was a sunny Friday afternoon as I boarded my train to Tiruvallur from the bustling Moore market complex in Chennai Central. The train was full and I considered myself lucky to find a seat albeit close to the aisle. I usually prefer the window seat because I like to gaze at the country side and the breeze sets a somnolent ambience. But this was a different day and a different experience.

Seated along with me was a cross section of what I would call India’s semi-urban population. There was an electrician, two nuns, an old couple, a couple of political enthusiasts, a group of factory workers and a bunch of school kids. I call them semi-urban because they work, pray, shop, study and conduct most of their activities in the city while living in the towns and villages surrounding it. With nothing else to do, I began to eavesdrop inadvertently. The conversations’ though banal had a surprisingly common thread running through. All of them and I repeat all of them were bullish about their careers, companies and India in general. These are the kind of conversations that would make any marketer worth his salt salivate.

My train came to a halt as it approached a station and so did my train of thoughts at the sight of the grime and commotion outside. The hawkers and beggars were having a field day with the huge crowds that thronged the station. I began to wonder as to just how we as a country could be so bullish about ourselves while lagging behind the developed countries by such a wide margin. Hope and opportunity were the two words that immediately came to my mind.

As the train started moving away; I saw a hawker who was carrying his wares, jump into the train. Through the crowd, I could see that he had made it safely. He went about his business straight away- hawking samosas. He was selling them at Rs.2 a piece. I did not buy them being concerned about hygiene, but everyone around me was interested. I could see from their expressions that the samosas were hot and tasty but I was more interested in something else. How could he deliver the samosas right where his customers wanted them at this price? Then out of nowhere came a guy supplying chilled water packets at Rs.1 each. As is anyone’s guess, these were lapped up immediately. I am tempted to add that it was a very good example of ‘complementary businesses in collusion’.

The conversations around me had by now reached a feverish pitch and I became interested in a debate that was ensuing between the two political activists. They were discussing the political implications of the regional government’s decision to give away a free color television to everyone. Here we were, I thought, trying to put up a brave capitalist face on the one hand and touching new heights in socialistic ideas on the other. But then these extremities are what make our nation so fascinating. The hawkers with their wares kept coming. There was a biscuit vendor selling freshly baked butter biscuits at Rs.1 each, a hawker selling roasted peanuts, a little girl selling a variety of trinkets, an old woman came to sell unripe guavas and even the original samosa vendor came back to sell the crumbs and leftovers that he had at a differential price. Like clock work they came with appropriate time gaps between them in an order that ensured that there was business for all. It sure would have made any supply chain manager proud. The amazing part in all this was that even if one treated oneself to each and every goody on the smorgasbord, it would have hardly made a dent by twenty rupees (that is less than half a US dollar at current exchange rates).

Discerning as these people where while parting with what they had, they definitely had the propensity to buy probably because of the inherent bullishness that I had mentioned earlier. But then, where were the organized companies and their goods? Did they not see the opportunity at hand? The legalities of the situation might have demanded restraint from them, I supposed. Then again, what did my fellow travelers have to offer these companies? Well, they had some money, definitely had time in their hands and most importantly they had the willingness to spend, a very good proposition for the likes of insurance brokers, awareness campaigners, market researchers, new product testers and everyone in this ilk.

I saw the bright yellow signage outside hinting that my station had arrived. As I got down and watched the train move away, I saw yet another vendor jumping in. These vendors and hawkers, I thought, understood co-creation of value, the importance of – communication with their customers and with their co-opetitors, just in time supply chains, carrying zero inventories, differential pricing, manufacturing close to their customers, economies of scale and scope and many more. Of course, they weren’t aware of these concepts, but out of sheer necessity and instinct, they simply understood!

They surely have a lot more to teach us. The question is – Are we ready to listen?

PS: In 2003, BBC aired a program on the Dabbawalas of Mumbai, which was part of a series on unique businesses of the world. In 2003, Paul S. Goodman and Denise Rousseau, both faculties at the Graduate School of Industrial Administration of the Carnegie Mellon University, made their first full-length documentary called 'The Dabbawallas'. According to the press release of the TV station presenting the documentary, "The film also serves as a counterpoint. Instead of asking how knowledge in developing countries can help less developed countries, this film focuses on how developed countries can learn from less the developed countries”.Back home, the Dabbawalas were invited to speak at the Confederation of Indian Industry (CII) meets and at leading Indian business schools such as IIM, Bangalore and Lucknow.