Top Banner
Make the Most of a Polarizing Brand
31
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
  1. 1. Heard of it ??
  2. 2. Too Many Lovers Too many Haters
  3. 3. Then what should be the Strategy??
  4. 4. Know the share of voters who can never be persuaded to vote Focus on how to approach under decided voters
  5. 5. Net Scores can be misleading
  6. 6. High polarizing brands Polarizing Brands Perform poorly Are more risky
  7. 7. Brand Dispersion
  8. 8. Brand haters can BOOST sales. Your most unhappy customers are your greatest source of learning. Bill Gates
  9. 9. Capitalizing Polarization
  10. 10. Placate Haters Try to change their mind
  11. 11. Negative word of mouth can greatly influence neutral consumers
  12. 12. POKE the haters
  13. 13. among Amplifying the point of differentiation bolsters loyalty among diehard fans polarizing attribute
  14. 14. Creating POLARIZATION To make it stand apart from a crowded field
  15. 15. Drive a Wedge in the Market Segmentation can increase polarization in the market which can boost the revenues
  16. 16. Launching Provocative Ads Negative reaction based awareness can increase sales
  17. 17. Skin Lightening Creams
  18. 18. Skin tone has nothing to do with the attractiveness of a person Creates insecurity and feeling of inferiority in dark skinned people Perpetuate a cultural myth about the aesthetic and social superiority of fairer skin. Makes people more self hating Harmful chemicals like mercury which causes skin cancer Too many Brand Haters
  19. 19. But still too many lovers Brand endorsement by famous celebrities Myth of fairer people being more superior Peoples strong desire of becoming fairer
  20. 20. Fair & Lovely Ad
  21. 21. What has success to do with fairness?? New level of stupidity defined! These life transformation stories work no longer Innovation is required to capture customers imagination rather than telling them imaginary Bollywood stories
  22. 22. Low product quality Poor customer service Brand Dislike Functional issues Keypad, Adapter Is cheap Innovation and new technologies Dell
  23. 23. Some Customer Reviews on Twitter
  24. 24. People prefer coke over Pepsi No Corporate Social Responsibility People complains about recruiting policy Too much sugar, harmful for health Ads are a source of embarrassment Quintessential American brand, people who want to condemn the American way of life target these brands Pepsi
  25. 25. Research can be carried on different SECs, different age groups to identify key reasons for brand dislike/hate and identify barriers of brand adoption Exploring new channels of 2-way communication online to address brand dislike. Develop channels where the consumers can emotionally connect with the brand. For example, Kleenex with its 'let it out' campaign Feedback: Allow consumers to provide feedback about products and services by using corporate blogs, twitter page, facebook presence etc. Recommendations
  26. 26. Disclaimer Created by Palak Goyal, IIT Kharagpur as a part of internship done under the guidance of Prof. Sameer Mathur, IIM Lucknow IIMInternship.com