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Kolkata Knight Riders Project
Kolkata Knight Riders Project
Kolkata Knight Riders Project
Total participants : 8
.NO
1 INTRODUCTION OF
COMPETITORS PRODUCT
4 QUESTIONNAIRE
Kolkata Knight Riders (also referred to as KKR) is the franchise
representing Kolkata in the Indian Premier League, a Twenty20 cricket
tournament.
The official theme of the team is Korbo, Lorbo, Jeetbo Re (Bengali for We will
do it, Fight for it, Win it) and the official colors are black and gold. As per the
study done by leading brand valuation companies, Kolkata Knight Riders
(KKR) are ranked the most valuable franchise brand at US$42.1million.
Celebrity co-owner Shah Rukh Khan’s hard-selling of the KKR brand has
counteracted the team’s poor on-field performance.
BLUE OCEAN STRATEGY
Tomorrow’s leading companies will succeed not by battling
competitors, but by creating blue oceans of uncontested market space
ripe for growth.
Further explaining the rationale and methodology, the CEO of MTI Consulting
Hilmy Cader says “Brand values are a reflection of a brand’s ability to
generate future income. It is a forward looking study that uses
historic performance and future trends to predict future activity.
2008 publicly available sales data was gathered for each franchise.
To determine the strength of the brands, each brand was scored on
a series attributes that underpin the power and reach of the each
brand. These attributes are a mixture of hard measures and soft
measures of brand strength sourced from publically available
information and from a qualitative panel of cricket fans from each
test playing nation. Using this data, each brand was then valued
using the relief-from-royalty methodology".
As for kolkata Knight Riders their marketing was largely responsible for the
good brand image in the 1st edition of the IPL.Kolkata being a city so rich
in culture,the people are extreamly fond of sports,and arts.as a result when
the two united with theire favourite son Saurav Ganguly and superstar
Shahrukh Khan,the emotional impact created a brand that became a
household name.The KKR management used a very simple yet effective
branding strategy.
They knew that their target market is west bengal,and the branding was
aimed towards the people of that region.The team slogan "KORBO LORBO
JITBO RE" was the team moto which was authentic, traditional, and had a
touch of bengal in it.The line is extreamly catchy and came out of the mouth
of every cricket lover in bengal.
"DADA" came to the forfront again,was made the captain of the side in the
1st edition of the tournament.With this move the interest grew and love for
KKR as a brand increased.Furthur the different roadshows and competitons
held among fans of KKR offering the winner thye chance to meet his or her
favourite star was a interesting branding startegy.Cricket before this was
generaly considered a mans sport,but with SRK coming into the picture and
the brand positioning that happened everyone from a kid to a grandmother
became a part of the KKR fanclub.
The other teams like the Rajasthan Royals, Chennai Super Kings,& Delhi Dare
Devils could not brand their product like KKR but went ahead as far as brand
image was concerned,because the won matches and put up a good show.In
the 2nd edition of IPL saw various problems in management which affected
the team and the image right now has gone down quite a bit.
The advertising campaign for the KKR team was top notch,and one has to
give commendable applause to Shahrukh khan and his marketing team for
putting up a great show.
They where the only team in the 1st edition to make profits,and this was
largely due to the marketing efforts.
Appart from the various promotional activies and branding strategies used
by the management,the advertising was also of great calibre.
The success of IPL 2008 has taken the game to a new high.
It provides Coca-Cola India with a very exciting platform to connect with all
its consumers.
We are happy to bat with Kolkata Knight Riders as an associate sponsor and
pouring partner.
Our entire association with KKR has been conceptualised in an exciting and
engaging manner, in keeping with both KKR and brand Sprite’s positioning –
‘Seedhi Baat, No Bakwaas… Clear Hai!’.”
i) All part of its IPL strategy to build a stronger connect with the youth,
who prefer Sprite simply because of its unmatched thirst quenching
ability and its refreshingly honest attitude- now that’s ‘Seedhi
Baat, No Bakwaas, Clear Hai?!’
ii) 360 degree communication effort not only includes mass media but
also leveraging Out-Of-Home (OOH) media through special location
specific creatives, featuring other team players of Kolkata Knight
Riders (KKR) – Ishant Sharma, Brendon McCullum along with Sourav
Ganguly
iii) Latest communication conceptualized by the team at Ogilvy &
Mather led by Ajay Gahlaut, directed by Deven Munjal of Red Chilies
Entertainment
iv) In-addition, Sprite in partnerships with Nokia has also launched a
“Para” (neighborhood) cricket series in Kolkata- plans to send 11
cricketers of the winning Para to South Africa to cheer for KKR
v) As an “Associate Sponsor and Official Pouring Partner”, Sprite to get
branding, promotion and pouring rights for the Kolkata Knight
Riders (KKR), one of eight teams participating in the Indian Premier
League.
Jay Mehta, Co-Owner, Kolkata Knight Riders, said, “ From the time of
its inception last year, Kolkata Knight Riders has far exceeded the
expectation of competitors and compatriots in terms of our fan
following and the success of our brand and business. With Sprite
now on board as associate sponsor and official pouring partner, I am
confident we will together provide more enhanced experiences to
our fans and consumers, making the second season of IPL 2009 all
the more action-packed and exciting. ”
There where many more sponsors through which campaigning was carried
out. NOKIA has announced its association with Shah Rukh Khan
Nokia also came up with exclusive 'Nokia 2 Hot 2 cool’ album which
features five exclusive songs composed for the team by India’s leading
music artists, company sources today said.
Nokia and SRK have additionally come up with a consumer contest titled
'Millan of the Villains", aimed at creating platforms for consumers.
Kolkata Knight Riders may be struggling at the bottom in the second season
of Indian Premier League, but in terms of brand value it is the richest team of
the twenty-twenty cricket tournament, whose collective valuation has been
now pegged at US$ two billion.
At the same time, Rajasthan Royals, partly owned by another Bollywood star
Shilpa Shetty, has emerged as the best team in terms of return on
investment, although it is ranked third in terms of brand value.
The valuation exercise of the entire IPL franchise, along with the individual
teams, have been conducted by UK-based international brand valuation
consultancy Brand Finance Plc.
followed by -
• Mumbai Indians (US$41.6 million),
1) Sources of data: =
Third step
Questioner survey
TYPES OF QUESTIONS:
OPEN ENDED:
They give the respondents complete freedom to decide the form , length and detail
of the answer. Open questions are preferred when the researchers is interested in
knowing what is upper most in the mind of respondents.
DICHOTOMOUS:
This type of questions have only two type of answer, yes or no. true or false etc.
In the case of multiple choice question the respondents is offered two or more
choices. The researcher exhausts all the possible choices and the respondent has to
indicate which one is applicable in this case.
Keeping in mind the objectives of the study, the survey was being done and
following interpretation was being drawn.
Questions :
1) DIFFERENCE BETWEEN KKR & OTHERS BY ADVERTISING
APPEAL .
Ans:
Ans:
46 % says : yes
30% says : Not sure
24 says: No
Ans:
39% = Yes
31% = Can not say
30% = No
Ans:
45% = yes
55% = no
So it is the final conclusion that Kolkata Knight Riders need a
change in their strategy of playing. They need a good coach &
also the players need more practice.
BIBLIOGRAPHY
• www.google.com
• www.orkut.com
• www.Iplt20.com
• www.yahoo.com
• www.rediffmail.com
• www.indiatimes.com
• www.kkr.in
• www.business-standard.com