FOR THE PARTIAL FULLFILLMENT OF THE REQUIREMENT FOR THE AWARD OF MASTER OF MANAGEMENT STUDIES (MUMBAI UNIVERSITY) FOR IMC
SUBMITTED BY MR. MANGESH V . KANDALGAONKAR (MARKETING-ROLL NO:-18)
Mudra communication limited
Introduction: One client Vimal and a 500 sq ft office that was Mudra in the year 1980 They were a small agency tucked away in Ahmadabad with one clearly Articulated goal to be a top 5 agency .there ambition with an almost manic obsession by creating the best contemporary advertising that had our client and other people taking notice. As a young agency operating out of Ahmadabad its growth was driven helping small business with big ambition explode their brands to the country at large. Within 9 years they were the largest Indian advertising agency.
History Points:-
Mr. A. G. Krishnamurthy founded Mudra communication on 25 th march 1980 Mr. Krishnamurthy started Mudra with one brand Vimal .today Mudra has 125 client this multifold increase is a testy many to his passion and zeal In 1995 Mr. Krishnamurthy was nominated as advertising person of the year
PROFILE OF MUDRA COMMUNICATION LTD Head quarter Mumbai Industry Marketing and advertising Type Privately held Status Operating founded 1980 Sanjay Sharma New president(North & East) Company size 501-1000 employees Web site www.Mudra.com
It was started in 1980 Mudra rose to become the 3 rd largest agency in the country. In a short span of nine years, today the Mudra group is one of the India s leading marketing communication networks The group utilizes it s deep understanding of consumers brands and media to deliver creative business solution A customized and collaborative approach helps it s client build enduring and profitable brands The group offers integrated communication services through its platform
1.DDB Mudra DDB Mudra, the Influence and Behavioural Change agency of the DDB Mudra Group enjoys the combined strength of the Mudra legacy and the DDB global leadership.
2.DDBMudraMax DDB MudraMax provides multi-specialty expertise to help build brands in the age of convergence. DDB MudraMax comprises fourteen strategic business units under four disciplines Media, OOH, Retail and Experiential.
3.Mudra Mudra - Partnerships for Entrepreneurs. The original challenger brand agency that built memorable brands for several entrepreneurial ventures over the past three decades, such as Vimal, Rasna, Dhara, Dabur, McDonalds, Peter England and Godrej and many others.
4.DDB Health n Lifestyle DDB Health & Lifestyle, a specialized practice within the DDB Mudra Group caters to the emerging communication needs of the healthcare industry. DDB Health & Lifestyle clients include J&J Medical, Novartis, Dr. Reddys Laboratories, Cipla Limited, Kokilaben Hospital, Baxter, Philips Healthcare, UNICEF etc
5.RAPP RAPP, is a new age lead agency with a multi-channel offering and a data driven approach to building brands. RAPP has capabilities in Analytics, Direct Marketing, Digital, CRM, Loyalty & Mass media communication. RAPP's India clients include Hewlett Packard, Standard Chartered Bank, Johnson & Johnson among others.
6.Tribal ddb Tribal DDB India is India's leading full service creative digital agency which offers end-- end digital branding & marketing solutions. Tribal DDB India's clients include Emirates, Kimberley Clark, McDonald's, Star TV, among others.
7. Glutenberg Gutenberg Networks offers localization and other pre-media services including content creation. Its core focus is to provide comprehensive services such as communication globalization, translation, localization across markets and languages. Domains of expertise include E-Learning, Pharma, FMCG, and Technology amongst others.
8.TrachyLock TracyLocke is the worlds largest and most awarded shopper marketing and retail solutions agency. Our work influences behavioral change at the point of Buying with the sole purpose of enabling people to buy and to act. TracyLocke India offers a gamut of services like Shopper Consultants, Retail Audit, Merchandising Solutions, Store Identity Programs, Navigation Solutions, Shopper Engagement Programs, Modern Trade Activation, Digital and Technology Solutions and Specialist Solutions. Since its launch in India in February 2012, the agencys client roster already includes renowned brands in India including Sharp, Asian Paints, HP, Luxor, Carrier Midea and Castrol among others.
9.Interbrand interbrand is one of the worlds largest branding consultancies. With nearly 40 offices in 27 countries, Interbrands combination of rigorous strategy, analytics, and world-class design enables it to assist clients in creating and managing brand value effectively, across all touchpoints, in all market dynamics. Interbrand is widely recognized for its annual Best Global Brands report, the definitive guide to the worlds most valuable brands, as well as its Best Global Green Brands report, which identifies the gap between customer perception and a brands performance relative to sustainability. It is also known for having created brandchannel.com, a Webby-award winning resource about brand marketing and branding.
Interbrand India works with Alchemist Foods, Asian Paints, Etisalat, Godrej Tyson, Novartis, PepsiCo, Reliance Infrastructure, XLRI, among others.
People working in an agency: Accounts Executive/client Servicing Executive : It is a key career option in advertising agency. He is called an Account Director when he is a member of the Board. He is a link between a client and his staff. The marketing or advertising department of the client briefs him. He communicates this to the agency people. He reaches out to different clients for seeking new business. Even clients who want an agency' to work for them contact the accounts executive. This business development work makes it virtually a marketing manager of the agency.
Copywriters: They are the wordsmiths who do the wording of an advertisement. They are bright and talented. They have a flair for language. They contribute to the theme of an advertisement. Creation of successful copies for different clients establishes them in this field.
Visualisers: These are artists who put on paper what has been thought out by the copywriter. They in fact design the ad.
Creative Director: He co-ordinates the copywriting and designing. He is a senior professional who is seasoned in an existing advertising agency set-up to take on this mantle.
Production Department: Persons of diverse talents like printing technology, DTP, photography, typography etc. are involved here.
Media Planner: He has to allocate the advertising budget amongst media. He has to select the appropriate media. He decides about the frequency, size and position of an advertisement. He decides about its publication date. He receives the tear-off copies from the media when the ad is published. He is guided by the media research, which he undertakes, or by research undertaken by an outside agency. Media is the most professionalized department of advertising agencies.
Marketing Research: Modern agencies are integrated set-ups. They provide a range of marketing services. Research data become very useful as input to the creative process.
The Media : Most of the media today sustain on advertising revenue. They sell space or time. While selling space or time, they have to convince the client about the reach of their media vehicle, the composition break-up of their readers and the pricing of their space/time selling. They monitor the market, survey their readers, and highlight their readers' demographic and geographic characteristics. They also maintain relationship with the media department of advertising agencies who buy space/time on behalf of clients.
Ancillary Services : These are needed to produce/create advertisement. A whole range of services like studio service, photographic service, printing service, gift item producers etc. fall into this category.
Freelancers : These are professionals who work independently and have a successful track record. They are copywriters, jingle singers, radio announcers, artists, visualizers, technical writers etc.
SWOT Analysis of Mudra communication Strength Satisfying the need of the customers Meeting up the client requirements in time Innovative & creative in advertisement segment Quality in advertisement Global exposure with higher rewards & appreciation Efficient team working environment Weakness - Pricing strategy - Lack in promotion strategies towards increasing the brand name. Opportunities Entering in global market to attract global clients Being the oldest advertising agency in India, it brand among its clients- they have lot of client coming back with new product for getting advertised. In its successful journey, they lot of wonderful memorbal advertisement done by them- this has increased there brand image in the Indian market. Threats Challenging stiff competition from its competitors from both domestic & international levels. Changes in the taste & preferences of clients. Lack of creative minds & also too expensive in overall management.
Different Types of Ad-Agency: Full Service Agencies A full service ad agency is one that provides a range of marketing services. A full services agency provides services that are directly related to advertising such as copywriting, artwork, production of ads, media planning etc. It also provides such services in respect of pricing, distribution, packaging, product design etc Modular agencies A modular agency is a full service agency that sells its services on a piece meal basis. Thus an advertiser may commission an agencys creative department to develop an ad campaign while obtaining other agency services elsewhere. Or, an advertiser may hire an agencies media department to plan and execute a program for advertising that another agency has developed. Fees are charged for actual work undertaken. In House agencies Those companies, which prefer to have closer control over advertising, have their own in-house agency. This type is owned completely by the advertiser. It performs almost all functions that an outside advertising agency would perform and thats why some people refer to it as full-service advertising department of the advertiser. However, the difference between an in-house agency and an advertising department is that the in- house agency can undertake to serve several other clients, if the owner so desires, but an advertising department solely undertakes that work of its owner and not of outside clients. Secondly an advertising department may not be equipped the personnel and facilities, which an in-advertising schedule and costs, but also offers convenience for its owner, because it is just available in the same building as that of the head office of advertiser. Such in-house agency also benefits the owner as it can bring revenue through agency commission that are offered by the media and by way of fees that are collected from outside parties for undertaking their advertising work. Such revenue increases the funds and profits of the company. There is another version of in-house agency whereby advertiser handles the total agency functions by buying service unit to buy time, space and place the ads. Such an In-house agency is an administrative center (under the direction of an advertising director) that gathers and directs varying outside for its operation use agency would posses. In-house agency not only provides control over
Creative Boutiques These are shop agencies that provides only creative functions and not full-service. The specialized creative functions include copy writing, artwork and production of ads, they charge a fee or percentage of full service agencies, and as such most of them convert into a full service agency or merge with other agencies to provide a wide range of services.
Mega agencies A significant of 1980s is the development of mega agency. Agencies worldwide merge with each other serve their clients in much better way. It was in 1986, Saachi & Saachi, a London based agency who started the movement and at present it is the third largest agency network in the world.
The Specialists Agency There are some agencies who undertake advertising work only in certain areas. there are agencies that specialize only in financial services or only in publicity or only in point-of-purchase material etc. for instance Soubhagya advertising agency concentrate on specialized in financial advertising.
The Benefits of Using an Advertising Agency Added Expertise Media Knowledge and Unbiased Advice Easier Administration Media Buying Quality Control Information Fending off the media And when things go wrong Cost Saving Time Saving
Disadvantages of using The Advertising Agencies A main disadvantage of using an advertising agency would be the communication factor. If an agency does not communicate or relay it's clients goals and creative wishes properly problems can occur within a contract and lawyers may have to become involved. Depending on the communicative skill of the agency, you may be prone to being blindfolded during much of the processes of your campaign leading to a lot of guessing and speculation. Another disadvantage would be the media buying discounts you may not be able to take full advantage of due to commission barriers within an agency, however an agency may have better negotiating powers than your company and save you more money in the long run anyways. There are far more advantages to having the right advertising agency than not.
The functions of an advertising agency: To accelerate economic growth and create public awareness To provide a total, professional, experienced service which is very personal in its nature To take the advertiser's message and convert it into an effective and memorable communication
Clients
Paros pharmaceuticals Reliance communication Union bank of India Life Insurance Cooperation of India Godrej The Philips Hindustan unilever ltd. Pepsi Jet air ways Reliance ADAG Spice telecom ICI points Union bank of India Amrutanjan
Print Media 1.Colgate Total
Colgate total : one of the effective outdoor ad made by Mudra ,which targeted outdoor hoardings ,bus stops ,bill boards and may more where they can fetch customers attention Effective factors :Colgate came up with this NEW product Colgate total where they claimed that the brands unique ingredients make it the only toothpaste that provides long lasting protection and has been proved effective in fighting cavities between brushing They positioned this product by uing brand attributes and benefits We can say they also made their position in occasion and time by claiming anti- cavity toothpaste which provide long lasting protection
When it comes to the advertising ,they used Feature and Fear Appeal, Feature appeal by differentiating their products from other toothpaste and highlighting ingredient which gives unique long lasting cavity protection , In most of the outdoor advertising they used Fear appealing by showing bacteria and gums in teeth ,which hammers the customer mind to think about the cavity and ultimately resulting to buy the product
2.The Nasivision
The Nasivision print ads made by mudra used various channels such as billboard, hoardings ,posters ,ads in newspaper and many more In outdoor advertising they selected the places where there is always heavy traffic jam in roads .they selected hardings, billboard near bus stops and main roads They positioned this product by brand attributes and benefits When it comes to the advertising point of view they used feature appeal by effective taglines and prints Suggestion: The print media ad which is created by Nasvision,it only caters or focused toward the people who travel via road and stucked in traffic ,they have to come up with the some rational idea that caters all categories and population
T.V Ads
1. Union Bank of india: https://www.youtube.com/watch?v=oBB04RHyMfM&list=UUXZ6ZNX6CZDAytIwNX ZlNkA&index=2
The ad touch customer insights, it targets to the people who are Price sensitive and they also given Emotional touch by showing how the buying behavior affects due to the relation. They used Feature and humors appeal ,in feature appeal the ads describes about the main feature of their services i.e Phone banking services and we can say there is some humors in advertisement ,today is technological world everything is possible by instant click ,m commerce are nowadays available widely ,they portrayed that phone banking service can be available anywhere and anytime without any hassle
2.Wolkswagon Cross POLO:
https://www.youtube.com/watch?v=z43ou3UQUQE
This Ad wants to describe that it coming up with the new variants that is Wolkswagon Cross polo which has some unique features compared to other models The ad is entertaining but damn confusing, it doesnt provide any information about the products and their features, it just creates or describes it that wolkwagon launched New Product and it also creates curiousity among the customer ,They used sex appeal in advertisement I think this ad is not that much effective ,they used sex appeal thats great but they lacked in connecting the idea to the uniqueness of the product Instead of that if they had used some new ideas by feature appeal ,may b they communicate their message successfully