Tag: Madison Media Sigma

  • Create value wherever life places you: Madison’s Vanita Keswani

    Create value wherever life places you: Madison’s Vanita Keswani

    MUMBAI: During lockdown, we may not be living life like monks, but we are certainly living under restrictions. For us, the lack of hustle and bustle is quite unsettling. We’re so accustomed to this fast-paced life that when it ceases, we may feel anxious and uneasy. In this quietness, our minds are occupied by this constant chatter which refuses to go. At this moment, when our lives are at risk, there is a concern of job security and financial stability; it is easy for negative thoughts to emerge. Under this situation, what is the role of spirituality? Why is it important? To answer all these questions Indiantelevision.com spoke to Madison Media Sigma CEO Vanita Keswani who through her poem invokes the underlying emotion that every human needs to address, especially during these testing times.

    Excerpts:

    What is the importance of spirituality in your life?

    Spirituality has helped me discover meaning and purpose in all areas of my life. It drives me towards constant self-improvement and plays a pivotal role in polishing innate humane qualities like trust, sense of responsibility and empowerment.

    How can entrepreneurship and spirituality go together?

    Japanese reformist Makiguchi suggests that work can provide three kinds of value – Beauty (work that we like), Benefit (financial security) and Good (value to society). Entrepreneurship can help build either or each of these values depending on the entrepreneur’s objectives.

    Please tell us about your love for poetry?

    I am fascinated by the rhyme and rhythm in which poetry flows and appeases our senses. This passion of mine has its roots in school activities of elocution and poetry writing.

    Has your inclination to spirituality helped you get through the lockdown?

    Certainly, spirituality has helped me elevate my fundamental life state and manifest high vitality and stamina amidst challenging circumstances. These trying times have given me the opportunity to apply spiritual concepts like “oneness of life and environment” and “changing poison to medicine.”  Rather than being at the mercy of the environment, I am learning to influence my environment inside out through positivity.

    What advice would you like to give others who may be exploring this?

    Constantly unearth the jewel of your life and polish it. Seek your own entity and unique purpose in life.

    Who or what has shaped who you are?

    I have been blessed to find greater meaning in my life through the life-transforming philosophy of Nicherin Daishon in Buddhism. My family and my workplace have played a major role in the evolutionary process.

    What is your greatest fear, and how do you manage fear?

    My greatest fear is of not being in control and not knowing what to do in certain challenging situations. For managing my fear, I work on building the tenacity of my mind through meditation and chanting and act by working harder and giving my absolute best. I truly believe that each such fearful situation that I successfully overcome, which makes me stronger and wiser.

    If you had the chance to start your career over again, what would you do differently?

    I am a firm believer in the mantra, “From this moment onwards now”.  I like to live the drama of life regret-free. So, no retakes.

    If you were to write a book about yourself, how would you name it?

    The name of my book would be ‘pH balance’. The foreword would describe the relevance of the title – discovering my purpose and happiness in life

    What business-related book has inspired you the most? (or, What is your favorite book?)

    Stories at Work – Unlock the secret to Business storytelling by Indranil Chakraborty. It inspires me to use storytelling to create a lasting impact among audiences that I address.

    What mindsets helped make you successful?

    When work is a pleasure, life is a joy.

    Create value wherever life places you.

  • Why unconventional advertising is on the rise

    Why unconventional advertising is on the rise

    MUMBAI: In May last year, what started as a wager between Virgin Atlantic boss Sir Richard Branson and Air Asia owner Tony Fernandes, ended up with Branson serving drinks on an Air Asia flight, sporting lipstick and a red skirt.

     

    The British billionaire had laid a bet with Fernandes that if his Grand Prix team finished ahead of Fernandes’ team, Fernandes would work as a flight attendant on-board Virgin Atlantic and vice-versa. With the Virgin team losing, Branson had to fulfil his part of the deal.

     

    Not only did the stunt garner world-wide publicity, it helped raise over $300,000 for the charity, Starlight Foundation, supported by both Virgin Australia and Air Asia.

     

    In Germany, Big Pilot’s Watches were attached to the hanging straps of buses ferrying passengers between the airport and airplane to encourage them to try them on.

     

    Closer home, Jet Airways came up with a print ad seven years ago saying, “We’ve Changed”. No sooner, rival Kingfisher Airlines came up with an ad above the Jet one saying, “We made them change!”

     

    All instances go to show that marketers are increasingly adopting unconventional means of advertising. And why not, for given the plethora of options, consumers’ attention spans are only heading south. In such a scenario, advertisers are compelled to come up with ‘out-of-the-box’ ways to get their brands noticed.

     

    Newly-appointed regional head of Posterscope APAC, Haresh Nayak, puts it as: “The ultimate goal of the advertiser is to sell things, but the necessary preliminary goal is to get the attention of the public. Advertisers will go to great lengths to get this attention, as the pay-off for a truly successful advertising campaign can be enormous.”

     

    Of the many triggers for unconventional advertising, Madison Media Sigma COO Vanita Keswani enlists some. “The need to target a niche audience and to avoid spill-over from mass media. The need for a lead brand in a competitive category to add unconventional to conventional to beat the clutter. The need for a small brand which does not have adequate monies to compete in traditional media,” she says.

     

    Big Cinemas’ marketing and sales head Shirish Srivastava adds, “Advertisers and marketers have to use unconventional methods to target consumers at the opportune time and sell them the service at the Zero Moment of Truth. This is where non-traditional, out of the box, clutter-breaking ideas and media come into play. For instance, look at the way in-cinema advertising has evolved in the wake of a rise in multiplexes.”

     

    For example, the HDFC Life ad in cinemas a couple of years ago was played right after the national anthem and this helped the brand get the attention it wanted. Similarly, Piramal Healthcare’s ad for its iSure ovulation kit was plastered across doors, mirrors and hand dryers of washrooms at Big cinemas. This was followed by a feedback camp with two promoters stationed at cinema exits, gathering feedback from women about the activation.

     

    Says Amit Sinha of Piramal Healthcare, “Washroom advertising is effective as it gives you a one-on-one moment of impact for a range of products like i-Sure in the intimate space, while ensuring it is gender-targeted and thus very relevant. We are glad to have chosen BIG Cinemas as one of our media vehicles on this one, since the brand provided us a significant reach to connect with our customers, at the right time.”

     

    Unconventional advertising is often referred to as guerrilla marketing and consists of creative, low-cost marketing methods used by businesses to temporarily promote their products or services. According to Srivastava, “Brands need to search for these convenience factors, create communication, create POS and convenient touch-points to generate business. Like traditional paan shops which have now become mini convenience shops where so many more products are available.”

     

    Nayak recalls an innovation which encouraged immediate action on the part of consumers. The bespoke ad for Skoda Rapid, which was played in theatres, had a patron appear on the screen, take a test drive and return back to his/her seat to continue watching the movie. It created a lot of buzz on YouTube and facebook. HDFC Ergo did the same thing to promote car insurance through mobile.

     

    Sometimes, unconventional media channels are to be found within the traditional ones. For instance, HD and DTH on TV or catching consumers at relevant touch-points like out of home screens or multiplexes or activations or stunts.

     

    Coming to which is better, unconventional or traditional advertising? Media experts say that the biggest risk in unconventional advertising is that the insurgent stunts can flop and ultimately become a PR nightmare. However, smaller businesses don’t run as much risk as most people would just write it off as another failed stunt. There are other risks in unconventional advertising too like misrepresentation of brand image, vague communication creating false rumours about the brand and so on. As Keswani says: “There are risks of not having measurement metrics like traditional media, but then brands need to derive learnings through their own internal research and create measurement criteria for success.”

  • Balsara restructures Madison Media

    Balsara restructures Madison Media

    MUMBAI: Sam’s at it again. The chairman of the Madison group, has restructured Madison Media, which has been ranked as the top media agency in the country, in order to “provide focused attention to large businesses and reward the senior talent pool of Madison Media, giving them more authority and responsibility,” says a company press release.

    What Sam has done is that he has made Madison Media the mother brand with four other units under it, Madison Media Alpha, Madison Media Sigma, Madison Media Infinity and Madison Media Plus. Earlier, Madison Media coexisted with Madison Media Infinity and Madison Media Plus. Now two new units – Alpha and Sigma – have been created while the other two existing ones have been brought under the Madison Media Group.

    Each of the four sub units is headed by a chief operating officer. While Alpha is spearheaded by Neelkamal Sharma, Infiinity’s man at the helm is Karthik Lakshminarayan, Sigma’s COO is Vanita Keshwani and Plus has Basabdatta Chowdhuri as its head. All the four will report in to Madison Media group CEO Punitha Arumugam.

    Says Balsara, “An organisation needs to evolve. We respond and shape the environment improve quality of service we provide to our clients. Each of these will function as an SBU.”

    Adds Punitha, “We now have a flatter structure which will provide greater focus to our clients business.”

    While Alpha will have Procter & Gamble and Gillette as its main clients, Sigma will handle other mumbai accounts, Infinity will have Marico and Plus will service Airltel, explains Balsara.

    He adds, “This reorganisation once again re-emphasizes that Madison has developed the ability to develop managerial talent and whenever an opportunity arises we are able to fill the slots with internal resources rather than look outside.”