Project - We Likeof Welingkar Institute
Project - We Likeof Welingkar Institute
Created by Anurag
1. We Tube
1.Dimensions of
Advertising
Mrs. Veena Bedekar has explained how Advertising plays an
important role to get more business. Advertising is equally as important
as Sales and Marketing. Advertising makes brand awareness by making
business popular by marketing it online (social media, digital marketing,
email marketing etc.) and offline media (outdoor ads, billboards, radio,
ads on buses and rickshaws etc).
She has highlighted following points of advertising:
Misconception & Hesitation: Some marketers think that spending on
print, radio, outdoor, tv ads are costly and are short term which don't
provide good ROI because they don't know the impact advertising on
business.
Importance of Advertising: How advertising is important to make
brand popular and increase revenue by effective media planning by
targeting users by age group, geographical area, gender, language etc.
Meaning of Advertising: It starts with market research to find target
customers, competitors, demand of customer, demand & supply in the
market, scope of business etc.
Medium of Advertising: Advertising Stationary (visiting cards, letter,
billboards etc.), Print Media (Newspaper, Magazine, Bulletin etc.),
Outdoor Media (Hoarding, Bus, Train etc.), Digital Media (Search
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Engines, Email, Website, App etc.), Electronic Media (TV, Radio etc.),
1.Dimensions of
Advertising
Media Planning: Media planner chooses effective media which give
best ROI and attracts target customer within the advertising budget.
Media planning depends upon product or services, age-gender, target
area, budget, suitable and available medium, and rates of various
advertising mediums.
Advertising Pyramid: The advertising pyramid shows how various
advertising mediums can play an important role at various stages of
advertising pyramid.
Logo, Business Name Plate, Stationary plays 100% role in the
advertising pyramid which lies at the end of the pyramid.
Brochure, Flyers, PPT Presentation plays 80% role in the advertising
pyramid which lies at second last stage of the pyramid.
Website, Social Media, App, Bill Board Hoarding plays 60% role in the
advertising pyramid which lies at the third stage of the pyramid.
Events, Exhibitions, Print Media plays on 40% role in the advertising
pyramid.
Thus advertising pyramid has show how various mediums plays an
important role in the advertising. These mediums are pillars of
advertising which cant be completely ignore while advertising.
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1.Dimensions of
Advertising
Role of Advertising Agency: Advertising agency plays an important
role in advertising as they are expert in those fields and they know
where to spend effectively to get maximum ROI. Advertising agency
closely monitors each and every penny spent. Agency has already run
various campaigns for their clients earlier and they know which
mediums are effective.
Advertising agency already have professional relations with various ad
providers e.g. outdoor, tv, print, digital, social media, radio, billboard
etc. They always get the advertising proposal at the best cost.
Advertising agency provides following services to advertisers:
Market Research
Designing of Advertising Campaign
Media Planning and Buying
Execution of Advertising Campaign
Press Release Services
Event Promotion
Brand Awareness
Brand Development
Conclusion: Advertising is as important as marketing and sales and
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which can not be completely ignored as it is necessary to make brand
2.Savings Vs Investment
Prof Raj Kumar has effectively explain how Savings and Investment are
different from each other. He is also explained how Investment can
provide long term benefit in future by smart savings.
Savings: Saving is the amount remaining after debiting expenses from
income.
Old way of saving
Income Expense = Saving
New way of saving
Income-Saving = Expenses
He has explain how we are good savers but bad investors. He has also
explain how can we overcome the inflation by properly investing money
for future gains.
Inflation: Inflation grows in India at the rate of 9-10% so we have to
control our expenses to sustain the future purchasing power. Inflation
eats away our money and reduces out purchasing power.
Example: Mr. Sharma saved Rs 100 today to buy grocery next year and
kept money at home. Next year cost of grocery increases to Rs. 110 due
to inflation so Mr. Sharma has to add Rs 10 more because money has
not grown as inflation so he is bearing a lot of 10%.
Good Example:
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Value of Rs 100,000 saved in 1990 is Rs 14,693 in 2013 at 8% inflation
2.Savings Vs Investment
Why do we fail in Investment:
Lack of Financial Literacy
Ignorance
So we have to invest our money in various assets like equity market,
real estate, gold, insurance policies etc. to cope up with inflation rate.
Suppose inflation rate is 10% then we have to increase our investment
at least 10% to sustain the future purchasing power.
Suppose Mr. X is making an FD of Rs 100,000 in SBI at rate of interest
9% and if inflation rate is 10% then Mr. X is actually beating a loss of 1%
on his investment. So Mr. X has to gain a return of at least 11% to get
some gains from investment.
He is given better solution to overcome from this problem by following
formula:
Return = Inflation. No Gain
Return > Inflation . Gain
Return < Inflation . Lost
The above example has proved that if we dont gain at least at the rate
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of inflation then we have to bear a loss which can be a threat to our
2.Savings Vs Investment
Investment Solution:
We need to put our savings into productive use by investing it in
diversified fields like gold, real estate, insurance policies, retirementplans, equity markets, money back guaranteed plant etc.
Invest money in the early stage of life. If we start investing money at
the age of 20+ then we would be able to get higher returns in future.
Young people should take higher risk at they have good risk
tolerance/appetite
Old people should take lower risk by investing in short term
investments.
Our investment should be as per goal/objective not as per market or
environment.
Never invest borrowed funds
Dont splurge all what you earn save for rainy day
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Google+:
Google+ has more than 500+ millions user out of which 359 millions are
active users
She has suggested following Social Media Content Strategy:
Promote textual content: Textual content is necessary for promoting
company updates, replying to users queries. We can get content directly
from website and should be qualitative and eye-catching
Visual Content: Visual content is much better that textual content as it
attracts many users at the same time and visual content always gets
viral on social media. 80% of users remember the visual content.
Freebies: Freebies love to get some discount voucher, reward points,
accessories. So running contest on social media can get traction of
freebies and they will make our content viral on social media.
Organic Fans: Organic fans can be generated by inviting users through
facebook friends, G+ contacts, Gmail contacts, LinkedIn connections or
by personalized emails.
Social Media Posting Suggestions:
Use Hashtags while creating a social media posts
Engage yourself in trending topics on Facebook & Twitter to organic
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fans, followers
5.Introduction to Retirement
Planning
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5.Introduction to Retirement
Planning
There are two types of retirement plan i.e. Defined benefit plan and
Defined contribution plan.
Defined Benefit Plan:
Employees get benefit upon retirement only
Employer is the contributors to the plan
Benefits are based on tenure, noly after working for specified period
Contribution could very time to time because of Inflation
Regular review is required
DB plans can require that employees contribute to the plant
Defined Benefit Products:
Gratuity
Leave Encashment
Retrenchment Compensation
Voluntary Retirement Schemes
HRA
She has also explain about how Gratuity Tax Treatment follows in India
by showing key formulas.
Government employees have tax exemption on Gratuity amount while
Non-Govt employees have to bear tax if amount is more than Rs
1,000,000.
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5.Introduction to Retirement
Planning
VRS taxation:
HRA Calculation:
Following things are exempted
Rent paid over 10% of salary
from VRS Taxation:
50% of salary
Amount actually received
Actual amount received
Rs 500,000
Salary=Basic Salary
Higher of Two:
a.Completed years of
service*3*salary
b.Balance months of service
left*salary
But employees has to work for at
least 10 years in the same
Defined Contribution
Plan: to
organization
and is not willing
Employees
get else.
benefit upon leaving the current job
work
anywhere
Employees provide most or all the funding by deferring some
percentage of the salary
Calculation of EPF:
For Employee
@12% of EPF of salary of every month
For Employer
@12% of EPF of salary of every month but employers contribution is
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bifurcated
2. We Lounge
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Mr. Manish Chitnis has shared the information about his journey in the
field of NBFC (Non Banking Finance Company). He started his career
with Orix Auto Finance Limited and he entered into NBFC Section but
at that time Treasury was not a separate department as it was bundled
with Account and Finance department. He had to go into the market and
arranged the credit lines for the company.
In 1996, NBFC were going through the tough time as it was not
regulated by RBI but fortunately RBI regulated all NBFCs in 1998. All
NBFC companies got recognized in the market they got a chance to
introduce IPO in the market.
Mr. Manish chitnis moved to L&T finance in 1998 just later the
NBFCs regulated by RBI. He was working in the resource department of
L&T finance. He just worked there for 18 months and got a chance to
work under L&T Limited company. He got a chance to work for power
plant of IPCl. He wanted to raise fund for this unique power plant and
they got fund from some corporates. He got a chance to learn debt,
borrowing and treasury. Then they formed the treasury as a separate
section but there was a risk associated with this department. They
created a set-up for risk management in the treasury department to
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keep the regular flow of the money.
Lounge
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3. News Wire
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Dippak Khurana, co-founder and CEO of Vserv also agreed that 2016
would be a "tipping point" for mobile advertising.
One of the reason for fostering the rapid growth are the growing
penetration of smartphones in India and it has already come up with 4G
technology (Fasted Internet Services).
Native advertising on mobile will completely changed and will go
through a lot of customization and marketer will closely emulate and
leverage the characteristics of mobile environment.
Facebook, Google, Yahoo, Bing and other ad network have already
started to run campaigns specifically for mobile devices.
We can target mobile devices based on OS, Screen size, cost, brands
etc. This type of customize targeting has made revolutionary changes
in the mobile marketing.
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1000 brands from 230 categories were listed for 'Most Attractive
Brands of 2015' and most of them were from Food & Beverages (160
brands), FMCG (145), Automobile (58 brands), and Apparel (56 brands).
Some of the leading attractive brands in India are LIC, Fasttrack, Bharat
Petroleum, Dove, Pepsi, Dabur, Google, Prestige, Birla Cement, Bata,
KFC, Airtel, Indigo Airlines.
This research is based on how brands are treating their customer in
terms of their product/services and after sales service. Consumers also
see how brands are innovating their products. This research also
consider how brands treat their employees, stakeholders, users etc.
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TV ads are still popular in India due to its mass reach. Facebook hasn't
revealed how many staff member in India who serve advertisers in
India.
Shah, a Counterpoint analyst said that advertisers in India are not
warmed enough to social media as a concept of marketing.
Facebook has said that 1.5 million business pages have been created in
India and increased by 57% if compared with last year.
Live Example: I personally has a bad experience with Facebook Ads.
I wanted to set-up remarketing campaign for my client. I called up
Facebook help center and asked for help then I came to know that
Facebook is lacking technically expert who can help advertisers. I did a
research and set-up the campaign and I never called up Facebook guys
for technical help.
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Marketers used to do TV ads to launch their product but now they have
understood the importance of digital media and they are spending on
digital media to promote their products or services. Some brands are
promoting their products or services on TV as well as Digital media for
mass reach.
Pratik Gupta, Co-founder of FoxyMoron said $275 million users out
of 1.3 billions users are online. If any brand wants to reach these
people then digital is the only medium to reach them at affordable if
compared with TV ads.
Tata Sky launched their new product 'Tata Sky+ Transfer' which
enables set top box recordings and makes it available on tablet and
smartphones.
Last year they launched their TVC for 'Prison Break' and bagged a
place in the Limca Book of Records.
Grant a blended scotch whiskey launched their digital campaign in
India. William Grant & Sons unveiled a unique digital campaign 'The
Awesome Job'. The main objective was to generate brand awareness
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and make brand more interesting.
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Thank
You