Tag: BOD Consulting

  • What role do brand ambassadors play in revitalising brand image?

    What role do brand ambassadors play in revitalising brand image?

    Successful brand revitalisation involves refreshing a brand’s image and reconnecting with its audience through strategic positioning, communications changes and new product offerings. Brand ambassadors play a big role in this process by providing a relatable and authentic face for the brand. They help build trust and engage consumers through genuine endorsements and personal connections, reigniting interest and enthusiasm.

    Understanding brand’s image & the role of brand ambassadors

    A brand’s image is shaped by the ambassador’s interactions (such as social media interactions), experiences (such as events), and marketing efforts (such as advertising campaigns) that encompass its identity, values, and overall consumer impressions. A brand ambassador can be a celebrity, influencer, employee or even an everyday customer.

    A strong brand ambassador builds trust, fosters loyalty, and differentiates the brand from competitors. They significantly influence consumer behavior, impacting purchasing decisions and brand advocacy. A well-established brand image leads to higher customer retention, increased market share, and enhanced overall brand equity.

    Brand ambassadors revitalise a brand’s image

    In the ever-evolving world of marketing, brand ambassadors take center- stage. They are a living embodiment of a brand, representing its identity in appearance, values, and ethics. Ambassadors link a brand and its audience, capturing the brand’s essence and sharing authentic experiences that resonate deeply. This genuine connection makes them indispensable in today’s market, where consumers crave trust and personal engagement with brands.

    Choosing the right brand ambassador

    An interesting success story is of Virat Kohli and Puma. Virat perfectly embodies Puma’s ethos of performance, sportsmanship, and style. His association with Puma has helped the brand gain significant visibility and bolstered its image as a leading sportswear company. Virat’s authentic passion for sports and fitness aligns seamlessly with Puma’s brand values, making their collaboration a textbook example of successful brand ambassadorship. This partnership showcases how a well-chosen ambassador can elevate a brand’s presence and appeal, driving both brand recognition and consumer engagement.

    Identifying a good brand ambassador is critical to the success of any brand. Effective ambassadors are not merely spokespersons but true embodiments of the brand’s values and ethos. They possess an authentic passion for the brand, which translates into their ability to connect with the audience on a more personal and trustworthy level. On the other hand, a wrong choice can pose a huge risk for brands. A famous example is Snapdeal and Aamir Khan. It is reported across media that despite his popularity, Aamir’s controversial statements during his tenure as Snapdeal’s ambassador led to significant public backlash, negatively impacting the brand’s image and customer sentiment.

    A good brand ambassador plays a pivotal role in stimulating brand advocacy and strengthening brand identity. They increase brand awareness, enhance brand loyalty, and engage customers by engaging with customers on social media, participating in events, and generating excitement around new products or campaigns. By contributing to content creation, they lend credibility and trustworthiness to the brand’s message.

    In conclusion, brand ambassadors significantly impact how a brand positively influences its audience, improving a company’s reputation and ultimately helping to increase revenue. Their influence extends beyond mere marketing, touching on various aspects of business success. A strong brand ambassador can change how consumers perceive a brand, sharing genuine experiences and helping companies improve their image and reputation. Their role in modern business is invaluable.

    The article has been authored by BOD Consulting senior partner and practice leader, GTM strategy Kanika Mathur.

  • Weekend Unwind with BOD Consulting’s Saurabh Uboweja

    Weekend Unwind with BOD Consulting’s Saurabh Uboweja

    Mumbai: With another weekend upon us, it is time to unwind with the latest Q&A edition of Indiantelevision.com’s Weekend Unwind—a series of informal chats that peek into the minds of business executives through a fun lens in an attempt to get to know the person behind the title a little better.

    In this week’s session, we have BOD Consulting founder & managing partner Saurabh Uboweja.

    Saurabh is an accomplished positioning expert and executive coach who specialises in guiding founders and their core leadership teams.With a wealth of experience, he shares his expertise as an adjunct faculty member at leading business schools in India and Europe, where he teaches digital entrepreneurship, strategic brand management, and leadership.

    As a certified independent director, Saurabh serves as an advisor on boards of both listed and non-listed firms. In his role as managing partner at BOD Consulting, he partners with client teams on building their growth roadmap and vision, unlocking value creation, organisation transformation, and driving internal & external stakeholder engagement.

    Recognised as a dynamic speaker, Saurabh has graced the stages of renowned events worldwide as a keynote speaker and a panellist in business schools, conferences, and forums around the world such as the World Communication Forum in Davos. He has shared his insights on diverse platforms like TEDx Hindustan University, TiE Lucknow, Salaried Talks and Josh Talks and  prestigious institutions such as Nalanda University and Indian Institute of Management Ranchi.

    Without further ado here it goes…

    Your mantra for life

    Instead of creating my own show, I am learning to live my life as an actor being directed in a play, listening within for cues and scene changes.

    A book you are currently reading or plan to read

    Currently reading

    Quintessence of Sai Satcharitra: A Biography of the Incredible Sai Baba of Shirdi by Shuddhaanandaa Brahmachari. The author is a motivational speaker, spiritual teacher, and humanitarian. This book based on the original Sai Satcharitra, a sacred book on Shirdi Sai Baba, authored by Hemadpant Dabhokkar, offers a simpler and more detailed version for the modern reader. Hemadpant started writing this book with Sai Baba’s blessings and permission. It chronicles whatever he witnessed personally around Sai Baba as well as the experiences of hundreds of others.

    Planning to read next

    Harsh Realities: The Making of Marico by Harsh Mariwala and Ram Charan. Harsh Mariwala is one of India’s most prolific entrepreneurs and the leader behind the great rise of Marico into an Indian FMCG major. Ram Charan is a world-renowned management thinker and guru. This is the story of grit, gumption, and growth, and the core values of trust, transparency, and innovation that have brought Marico to its current stature. I am deeply inspired by Mr. Harsh Mariwala’s humility and courage as a leader, values I espouse and hold very dearly myself.

    Your fitness mantra

    Sleep well each night, eat clean food, walk a lot, and drink lots of water.

    Your comfort food

    Nothing beats the fragrance, flavours, and after-taste of Homemade Rajma Chawal.

    A quote or philosophy that keeps you going when the chips are down

    Stay tight, hold your position firmly and with poise, and let the storm pass by. Don’t fight with it, don’t get carried away with the flow.

    Your guilty pleasure

    Complete disconnection from the world I am a part of, friends, team, clients, family, and spending time with myself.

    The last time you tried something new

    I try something new every single day to improve how we work at the firm I lead. There is nothing definite, evolution is the key. I am very excited, like a child, each time I have a new idea about improving something. Thankfully, this happens frequently for me.

    A life lesson you learned the hard way

    You are not necessarily good at what you want to be good at.

    What gets you excited about life

    The mere thought of what’s possible, what’s not been accomplished yet, the true potential of a human being, my true potential as a human. This excites me a lot and keeps me going.

    What’s on top of your bucket list

    A visit to Taos, a town in New Mexico in the Sangre de Cristo Mountains.

    If you could give one piece of advice to your younger self, what would it be

    Ask for help from others, more frequently and without shame.

    One thing you would most like to change about the world

    It’s not my responsibility to change the world. I can surely change a few things about myself though. I would like to develop more compassion and kindness towards all.

    An activity that keeps you motivated and charged during tough times

    Picking up an inspiring book or the book I am currently reading, self-reflection, writing my thoughts, and sharing with those around me (if it’s shareable).

    What lifts your spirits when life gets you down?

    I don’t think life gets you down or is ever unfair to you. This feeling that I am not in charge and life is just happening the way it should and that I can surrender to it fully, is a deeply empowering feeling. I try to practise this often, not just when my spirits or chips are down.

    Your go-to stress buster

    A short walk or drive followed by a well-made cup of tea or coffee.

  • Cricket fever: Unleashing the power of IPL 2024 for brands

    Cricket fever: Unleashing the power of IPL 2024 for brands

    Mumbai: Sitting in on a rather dull presentation about IPL advertising at an event recently, I realised that broadcasters and brands are possibly missing a beat at leveraging all the possibilities!

    This is not just about the 650 million audience that is expected to view the tournament. The IPL is more than a game of cricket; it has the potential to become a marketing phenomenon catering to brands of all sizes—whether small, midsize, or large.

    It’s a platform where advertising creators can finally show their prowess (just as they do at Cannes) except here, the judge and jury will be the viewers.                      

    So, while Hardik, Virat, Dhoni and Co fight for the cup, brands need to fight for attention from cricket communities and consumers. We’re looking for memorable moments, memorable campaigns, memorable community activities that not just resonate with diverse Indian fans but lingers in the collective consciousness way after the last six has been hit and the last super over has been bowled!                                                                                          
    What’s exciting is that broadcasters have revved up their offerings so that brands can jump at a number of opportunities. There are a wide array of customized and contextual partnership opportunities including exclusive category led associations.  Brands can transcend traditional commercial time slots and leverage assets such as live features, branded capsules, and a variety of other resources.

    The digital landscape has fundamentally changed how the IPL interacts with its audience. Through social media, live streaming, fantasy leagues, and interactive apps, fans now enjoy personalized experiences that extend far beyond the confines of the stadium. The IPL has emerged as a social media juggernaut, generating widespread chatter and fostering interactions among millions of users. It’s imperative for brands to acknowledge this potent potential and strategically harness social media to elevate their IPL marketing efforts.

    Influencer content is undeniably captivating and resonates well with the audience, as it promotes products in a manner that feels authentic and genuine. Injecting a personality into campaigns draws in more attention. By collaborating with the right influencers, brands can effortlessly tap into their followers’ minds and generate interest in their new products.

    The cherry on the cake though is not about broadcasters or digital channels but how teams are strategizing to gain a competitive edge. For instance, consider Chennai Super Kings (CSK), which is leveraging Tamil pride to attract regional brands to solidify fan loyalty.

    Meanwhile, the Mumbai Indians have upped the ante by creating a virtual playground. Through an immersive metaverse experience, fans can now craft custom avatars, virtually explore the MI stadium, and engage with players in innovative ways. Additionally, the Royals have joined forces with a gaming studio to unveil an exclusive “Rajasthan Royals Battlegrounds” mobile game. Each team has crafted ingenious concepts that place their fans at the forefront. For brands, the opportunity is ripe for the taking!

    The IPL presents a treasure trove of sponsorship and partnership opportunities for brands eager to immerse themselves in its excitement and prestige. At this stage though, while most sponsorships are already in place, it’s important to note that these relationships go beyond mere logo placements; Sponsorships allow brands to leverage the massive viewership and unwavering fan loyalty associated with the league.

    With such a vast array of possibilities, imagine if you had a hundred rupees—how would you invest it? Having a go-to-IPL strategy is paramount for any brand looking to make a mark. It’s not enough to solely rely on the reach of the tournament; it’s crucial to assess your goals and carefully choose your actions. Brands that are willing to invest in creating creative sparks and distribute content using an omnichannel approach (social buzz, app engagements, digital channels, offline channels, retail)  combined with cricket culture will win. Most importantly, ensure that your goals are measurable so you can derive the maximum value from your investment. Define key performance indicators (KPIs) and leverage analytics to effectively measure campaign success and return on investment (ROI). By doing so, you can refine your strategies and optimise your marketing efforts for maximum impact and effectiveness.

    The article has been authored by BOD Consulting’s go-to-market strategy expert and senior partner Kanika Mathur.

  • BOD Consulting onboards Dr PV Ramana Murthy as an expert advisor

    BOD Consulting onboards Dr PV Ramana Murthy as an expert advisor

    Mumbai: BOD Consulting, one of the leading strategy and design consulting firms, has onboarded Dr PV Ramana Murthy to its team. Dr Murthy, a seasoned HR practitioner, distinguished lawyer, and bestselling author brings over three and a half decades of experience and expertise to BODHI, its knowledge collective.

    BODHI boasts of experts from around the globe, each with niche specializations and decades of rich experience. BOD Consulting collaborates closely with these expert advisors to conduct knowledge-sharing sessions and deliver value to its clients.

    As a renowned leader in his field, Dr Murthy has held pivotal roles across prestigious Fortune 500 and global companies, including EVP at Indian Hotels Company Ltd (IHCL) and executive director of human resources at The Coca-Cola Company (TCCC), and has global exposure across Asia, Europe, and the USA.

    Dr Murthy’s diverse background uniquely equips him to counsel clients on various challenges and opportunities in organizational development. His expertise extends beyond conventional HR functions, encompassing leadership development, culture enhancement, and talent management. His guidance will be pivotal in assisting clients to cultivate resilient and future-ready institutions.

    “I am delighted to welcome Dr. PV Ramana Murthy as an Expert Advisor at BOD.  Dr. Murthy’s wealth of experience and innovative approach to problem solving will bring fresh perspective to the cultural transformation initiatives, for both our clients and employees.  We are eagerly looking forward to the transformative impact Dr Murthy will have on BOD’s fast-paced journey ahead.” said BODHI chairman and BOD Consulting senior partner Mukesh Mathur.

    The knowledge collective of BOD Consulting also includes Dr Ajay Kohli, Anil Kejriwal, Bhaskar Pramanik, Manoj Agarwal, J Suresh, Thomas Varghese, and Dr Raman Kumar. Together, they form a formidable team of strategic thinkers dedicated to helping BOD Consulting’s clients build organisations they are truly proud of.

  • BOD Consulting and Orange Mantra announce a strategic partnership

    BOD Consulting and Orange Mantra announce a strategic partnership

    Mumbai: BOD Consulting and Orange Mantra are proud to announce a strategic partnership that promises to combine their respective team strengths in strategy and design consulting with digital technologies to lead their clients into the future.

    The partnership brings deep skills that provide strategic business and cutting-edge technology solutions to businesses to embrace digital transformation, stay relevant and ensure sustained growth. It also promises to revolutionise processes, enhance customer experiences, and optimise operations that will help its clients foster agility and navigate the ever-evolving digital economy successfully.

    Orange Mantra CEO Vinit Choudhary expresses his enthusiasm by stating, “In this era of rapid technological advancements, our partnership with BOD Consulting marks a significant milestone in our journey to bring the strategic edge to our technology expertise. We’re proud to embark on this journey and look forward to showcasing our joint capabilities to our clients.”

    Additionally, Orange Mantra will work as BOD Consulting’s preferred technology partner and BOD Consulting will work as Orange Mantra’s preferred strategy and design consulting partner. This marks their commitment towards creating opportunities for each other and working together to transform these opportunities into actual businesses that address the needs of the market more effectively.

    BOD Consulting managing partner Saurabh Uboweja is confident that this partnership with Orange Mantra will fill a crucial need gap for their clients whereby the firm will be able to offer high-quality technology implementations that align seamlessly with their strategic interventions.