Gopalakrishnan
outlines trends for tomorrow
Financial Express August 22, 2002
New Delhi: "A
premier marketer for several countries, Indian
business, however, forgot that ‘marketing is the
business of business’ and became inwardly focused."
This was the basic message from
Mr R Gopalakrishnan, executive director, Tata
Sons Ltd, setting the tone for the third annual
marketing summit 2002, organised by the Confederation
of Indian Industry (CII) in the Capital.
Speaking
at the inaugural session of the two-day summit, Mr
Gopalakrishnan said India would be guided by four
mega aspects: attracting existing non-consumers,
distribution, services and migration.
According
to him attracting non-consumers would be the main
driving force of marketing and increasing penetration
and creating consumers especially in the rural
areas should be the future focus of marketing
business. "India has always lived in the
villages. Although 7 out of 10 people live there,
marketers behave as though it is another world,
which is separate from themselves," he said.
Talking
about the second mega aspect — distribution —
Mr Gopalakrishnan said while super markets or
self-service stores would grow in numbers by 2011,
the consumer, by and large, would continue to
shop in neighbourhood stores.
Another
development would be the rapid rise of employment
in services and services alone would contribute
45 per cent of GDP by 2011, according to Mr Gopalakrishnan.
While organised sector employment would double
in 60 years, unorganised sector would increase
over three times, a trend which would be contrary
to global trends, he said.
Mr
Gopalakrishnan said the fourth aspect was migration,
which though was not new per se, but what was
new is the migration from home to far way places
in the country.
Finally,
Mr Gopalakrishnan, offered four lessons from the
challenge of recalibrating business to the marketing
mindset.
- According
to him Indian business must become customer
savvy and CEOs should spend 20 days in a year
on 3s — i.e., Sweaty, Sticky, Stuff for an intensive,
meaningful and greater interaction with the
customer.
- Corporates
should also promote multi-functional customer
contact on a systematic basis.
- They
should also differentiate and brand products
as far as possible.
- Last,
but not the least, corporates should get involved
with customer’s customer as it would enable
them to reach new consumers and provide them
with a direct access.

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