Tag: learning

Ever since I started pursuing an MBA, my interest in marketing and advertising started increasing. So, whenever I saw any competition related to this field, I got excited to work on it. Neeraj also has a similar interest in marketing, so it was relatively easy to work with him even though he had just started his MBA journey. Your core values and beliefs should match when you want to form a team, and that happened when I met Neeraj.

‘Vigyaapan- the advertising challenge’ by IIT Bombay precisely had all in store for us. On the surface, it looks like an advertising challenge, but it was not just making an advertisement for a known brand or product. After the quiz round, they shared with us some products that don’t exist at all in the real world. So first, we had to create a product strategy, give it a name, price, packaging, and everything related to product development. After a lot of brainstorming and considering all pros and cons, we chose to work on ‘Intoxicating Tea’. The case was simple. We had to plan a campaign for this product and execute it on social media in the form of an image and video. So, we researched tea and alcohol brands, studied their social media advertising and communication strategy. Then in the second round, we created a brand logo, product package, brand tagline, and structured an STP for the launch of the campaign. I have worked on Adobe illustrator before so creating a poster was a bit easy task but most of the time went into the creation of the advertising copy.

We discussed a lot of ways in which we can tell our message, but everything was lengthy and complicated. We wanted something in minimal illustration with the right message. Eventually, we came to a consensus and went ahead with ‘teacup and a man going high with the fumes of the tea above the cup’. Later the idea was appreciated by the judges in the finale round.

The difficulty arose in the finale round where we had to submit the video ad as Neeraj and I were not in the same city. We could easily address this problem by compiling some stock images and showing something. But we believed originality is the key to winning and thought of producing our own film. So, we needed a script considering parameters such as ease of editing, minimal dialogues as we didn’t have proper cameras, and most importantly, a good story. Storytelling is the most crucial part of your communication strategy when you advertise. We needed a story where the consumer will have a surprising element by aligning it with the product benefits.

Beginning with this complex task, we first divided the work. Neeraj took the recording and editing work as he had some equipment and I worked on the script and direction. It was the first-ever experience of doing remote work in the direction of the film. We realized that challenges are inevitable and can be handled with proper communication and teamwork. There was a point where we thought we should give up as Neeraj had his exams while we were in the finale round. But his exams finished just two days before the presentation round. So, we had only two days to work on the script, then shoot it and post it on social media. But he worked all day and night and then created the final copy with all iterations that I had suggested. At the same time, I worked on the deck, which was to be presented in front of the judges.

Judges liked our idea, the out of the box thinking, and the way of storytelling. When the results came out, we were thrilled and thought that our sleepless nights have finally paid off. The experience in this competition was marvelous and unforgettable. On a leaving note, I would like to give a message — be focused, be original, push yourself a little harder, and you will find the key to winning hearts.

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-by Rohit Jagtap

Team The Vikings [Rohit Jagtap (MBA Batch 2019–21), and Neeraj Tulsani (MBA Batch 2020–22)]

National Winners, Vigyaapan — The Advertising Challenge by the Indian Institute of Technology, Bombay

B-school competitions are the first and foremost thing that the students are required to prepare for soon after they enter college. Let alone winning or losing, just by taking part in a competition and honestly putting efforts into research and data collection — which are the starting points of the competition can make one learn a lot. B-school competitions are an invaluable experience and an essential part of an MBA.

When it comes to choosing a team for a competition, it is important to remember that all of the members need not be the best in everything — this may work reverse bringing in a lot of rework and discussions that forever go on a loop instead of adding value to the team. A short description of our team for DigiBytes a digital marketing competition conducted by IIM Bangalore will help you get the perspective rightly. One of the team members is a good initiator. With an idea in hand, he knew from where to initiate and was able to give a face, body, and life to the idea. The second member of the team is good at crunching numbers, bringing in facts to support the idea, and draw out revenue plans and cost structures, in short, a person good with data interpretation and understanding numbers. Our third member is a person who is creative, good at presenting his ideas simply, and understandably without diluting the essence of all the efforts that the team has put into building the case solution. Having diverse members in a team helps in bringing different perspectives and formulating a unique winning strategy. Adding on to the above merits, dividing work among the team becomes easy when the team is diverse, which saves a lot of valuable time given our hectic MBA schedules.

The context of DigiBytes case was to launch a new product in a given set of industry sectors and market them organically on social media handles. We can break down our approach in the following steps. The first step is to understand the category (fitness, food and beverages, chocolates, etc.) in which you are competing, whether the category is already established or it is new and developing.

The second step is to identify your immediate competitors and other competitors. For example, for launching new chocolate, its immediate competitors would be other chocolates such as Dairy Milk, Snickers, Milky bar, etc. and other competitors could be native Indian confectioneries, cookies, cakes, etc.

The third step is to understand the offerings of the competitors, what are the benefits that the competitors are communicating to their target group. This process will help in finding white spaces where your product can cash in and win.

The fourth step is to list down a set of your potential target customers, prepare a discussion guide, and conduct in-depth interviews. The fifth step is to identify your final target customer group, define his/her characteristics in-depth by answering questions like who is he, what is his behaviour and why does he behave so. This will help not only in understanding your target group better but also enables you to find tension or say a need state for your target group that you will go on to fulfill with your product.

The sixth step is to create an effective communication strategy for your product which is in line with your brand strategy and purpose, which serves the need of your target group that you identified in the previous step. The final brand communication must be impactful and should guide your target group from their current state to the desired state. For example, the current state of the target group is “ I believe starting my day early is good and healthy, but doing so is difficult, and I don’t find a motivation to do so”. The desired state is “Winners and achievers wake up early and start working towards their goals, and results don’t come easily, one has to work hard to achieve one’s goals”. The brand communication for your product should act as a bridge that moves your consumer from his/her current state to their desired state. For example, “I want my target consumer to believe that A cup of Sleepy Owl coffee is the best possible way to start my day and stay active throughout the day”.

The next step goes on to developing creatives and running campaigns that will take this brand communication to the desired target group. Better content categorization can be done using a funnel approach. The success of this step depends on the impactfulness and creativity of the campaigns.

To conclude, working towards winning a B-school competition along with the regular academic rigour not only adds value to the CV but also sparks innovation, shows the competitive part of you that you never knew existed. Humans are competitive and have been competing over territories, food, mates, etc., for hundreds of years now, and competition makes you better in what you do. The high that you get from winning will push you towards expanding your limits and thrive more for success. All the best. Keep working towards a better tomorrow. The right idea, at the right time and the right place will definitely win.

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Team Black Clover

Aravind R, Gaurav Gopal, and Vignesh M (MBA Batch 2019–21)

National Winners, DigiBytes organised by IIM Bangalore