+Many pharma brands in India become stagnant. can they be brought back to life? can they become vibrant? Learn how Vivek Hattangadi www.theenablers.org
2. Stagnant Brand - I
ď˝ Stagnation is a prolonged period of little or no
growth over an extended period of time - after a
vibrant growth phase
ď˝ Growth is less than 50% of the segment growth
ď˝ The brand is also losing market share
Vivek Hattangadi2 Stagnant to Vibrant
3. Stagnant brand â II
ď˝ Stagnation of a brand can sometimes occur naturally,
when the segment itself is showing growth of < 5%
ď˝ The rate of decline for that brand is rapid and the
continues to decline and the demand is decreasing
Vivek Hattangadi3 Stagnant to Vibrant
4. Pay Attention to Warning Signs
ď˝ Be vigilant
ď˝ Acknowledge and discuss any problems
encountered
ď˝ You can have a chance to avert disaster before itâs
too late
Vivek Hattangadi4 Stagnant to Vibrant
5. If you want to prevent your brand from dying,
pay close attention to shrinking Rxer base
Do a Brand Audit
Vivek Hattangadi5 Stagnant to Vibrant
6. What is brand audit - I
ď˝ A brand audit is a thorough examination of a brand's
current position in the market compared to its
competitors
ď˝ It is a review of its effectiveness
ď˝ You determine the strength of your brand - with its
weaknesses or inconsistencies
Vivek Hattangadi6 Stagnant to Vibrant
7. What is brand audit - II
ď˝ Brand audit is to the Brand Manager is what a
financial audit is to the accounting department
ď˝ An organized review of the health of your brand
ď˝ It is an examining your brand activities
ď˝ Brand audit can be external as well as internal
Vivek Hattangadi7 Stagnant to Vibrant
8. Purpose of a brand audit
The purpose behind a brand audit is plain
and simple ~ to gain a fundamental
understanding of where your brand stands in
its current state
Vivek Hattangadi8 Stagnant to Vibrant
9. What can you audit?
Internal External
Positioning Corporate identity
Brand values Logos, other brand elements
Unique selling proposition Collateral - brochures, print
materials, tradeshow
displays
Brand promise Website
Brand essence Social media
Vivek Hattangadi9 Stagnant to Vibrant
10. Tools for brand audit
ď˝ Perception study
ď˝ Johari Window
ď˝ SWOT Analysis
Vivek Hattangadi10 Stagnant to Vibrant
11. Perceptual mapping
ď˝ The perceptual map visualizes competitive landscape
ď˝ Shows how your brand stacks up in the mind of your customers
ď˝ Identify two dimensions, such as two important customer needs
(say Price & Quality or Cost & Performance or Amateur &
Professional) and plot competitors on these two dimensions
ď˝ The resulting graph allows comparison of your brand to
competitors
Vivek HattangadiStagnant to Vibrant11
12. My Perceptual Map Cars in India (My Personal Perception)
Vivek HattangadiStagnant to Vibrant12
QUALITY
P
R
I
C
E
Mercedes Âş
Audi Âş
BMW Âş
Nano Âş
Skoda Âş
Beat Âş
Swift Âş
Alto 800 Âş
Alto K10 Âş
Nissan Micra Âş
This my
perception and
could be right or
wrong.
THIS IS ONLY FOR
ACADEMIC
PURPOSES.
Vivek Hattangadi
www.theenablers.org
Volkswagen Âş
13. My Perceptual Map of Pharma India (My Personal Perception)
Vivek HattangadiStagnant to Vibrant13
EFFECTIVENESS
P
R
I
C
E
S
TROIKAA Âş
AVENTIS Âş
GSK Âş
GENERICÂş
ERICA Âş
FDCÂş
INTASÂş
MACRON-KÂş
BADDIÂş
SUN PHARMA Âş
PS: This is my
personal
perception. I could
be right or wrong.
THIS IS ONLY FOR
ACADEMIC
PURPOSES.
Vivek Hattangadi
www.theenablers.org
HUMANKINDND Âş
14. Johari Window
Vivek HattangadiStagnant to Vibrant14
Open self - Known to
Self
Information about me
that I know and others
also know
Blind self - Unknown
to Self
Information about me
which others know but
I donât know
Hidden self â Unknown
to others
Information about me
which I know that others
do not know
Unknown self â
Unknown to all
Information about me
which I donât know and
others also do not
know
16. JoHari Window for a Brand Audit - 1
Vivek HattangadiStagnant to Vibrant16
âBâ â Knows
but does not
use your
brand
âDâ â Knows
and uses
your brand
regularly
âAâ â Does
know nor
uses your
brand
âCâ â Does
not know -
infrequently
uses your
brand
Knows
Uses
17. JoHari Window for a Brand Audit - 2
Vivek HattangadiStagnant to Vibrant17
âBâ â Knows
but does not
use your
brand
âDâ â Knows
and uses
your brand
regularly
âAâ â Does
know nor
uses your
brand
âCâ â Does
not know -
infrequently
uses your
brand
Knows
Uses
18. JoHari Window for a Brand Audit - 3
Vivek HattangadiStagnant to Vibrant18
âBâ â Knows
but does not
use your
brand
âDâ â Knows and
uses your brand
regularly
âAâ â Does
know nor
uses your
brand
âCâ â Does not
know but
infrequently
uses your
brand
Knows
Rxs
23. You can adopt two strategies
1. Rebranding â Which can
revitalize a stagnant brand
2. Relaunching â Treat it like a
new product
Vivek Hattangadi23 Stagnant to Vibrant
25. 5 strategies can be thought of
ď˝ Through brand audit, dig beneath the surface to find
the root problem
ď˝ Create a solution
ď˝ Intelligent and thoroughly examine the existing
problems
Vivek Hattangadi25 Stagnant to Vibrant
26. Strategy 1 â Change Direction
ď˝ Maintaining status quo is not a viable solution
ď˝ Blow the dust off your brand â Reinvent
ď˝ Ask: Are doing the same things as others?
Vivek Hattangadi26 Stagnant to Vibrant
27. Strategy 2 - Broaden visibility
ď˝ Change and enhance the perception of your brand â
example size, low price
ď˝ Discover what can set you apart from your
competitors
Vivek Hattangadi27 Stagnant to Vibrant
28. Strategy 3 - Narrow the scope
ď˝ Narrowing scope is not a negative â play on
strengths - firmly establish your brand as the only
source of specific benefits
ď˝ It can actually be hugely positive, as if you have
taken your target audience and aimed for the bullâs
eye
Vivek Hattangadi28 Stagnant to Vibrant
29. Strategy 4 â Change the internal culture
ď˝ Changing the internal culture has an impact upon
every stakeholder from employees to Rxers
ď˝ This can rejuvenate the internal morale that has gone
stale
ď˝ It can enliven pride, restore confidence
ď˝ It can renew competitive spirit and create an army of
advocates
Vivek Hattangadi29 Stagnant to Vibrant
30. Strategy 5 â Change brand personality
ď˝ Personality puts the âpersonâ in your brand and
gives it life
ď˝ Rebranding can refresh public image by enhancing
brandâs personality
ď˝ Garnering new Rxers - thanks to an updated brand
personality helps in building your brand
Vivek Hattangadi30 Stagnant to Vibrant
33. What is relaunching
ď˝ A brand relaunch reintroduces a previously marketed
brand to improve its sales, market share and profits
ď˝ Re-launching a brand means thinking beyond a new
design or a new name. It means, âgoing deeperâ
ď˝ This happens not only for brands which not doing
well but also for brands doing well but would like to
do better
Vivek Hattangadi33 Stagnant to Vibrant
34. Strategy1
ď˝ Keep all elements of the mix the same but reposition
the brand in the minds and hearts of Rxers
ď˝ The entire repositioning exercise can change the
perceived value of the brand
ď˝ The elements used would be in the area of the
communication mix including the packaging
Vivek Hattangadi34 Stagnant to Vibrant
35. Strategy 2 â Revamp
ď˝ Revamp every element of the marketing mix
including the brand logo, the product ingredients and
pricing,
ď˝ Bring it out with a new price
ď˝ Bring it out as a new avatar
Vivek Hattangadi35 Stagnant to Vibrant
36. Strategy 3 - Communicate
ď˝ Communication is key in any relaunching effort very
clearly
ď˝ Communicate internally
ď˝ Communicate keeping external customers abreast of
the coming changes
Vivek Hattangadi36 Stagnant to Vibrant
37. Strategy 4
ď˝ Do not abandon current strengths
ď˝ However, do adapt to changing environment
ď˝ Effectively balance present and the new
Vivek Hattangadi37 Stagnant to Vibrant
38. What relaunching can do?
ď˝ Rebranding can revitalize a stagnant brand
ď˝ Can increase brand awareness
ď˝ Create new Rxers
Vivek Hattangadi38 Stagnant to Vibrant