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Strategic Brand Management Individual Assignment I Piggybacking As A Brand - Building Tool
Strategic Brand Management Individual Assignment I Piggybacking As A Brand - Building Tool
BRAND
MANAGEMENT
Individual
Assignment
I
Piggybacking
as
a
brand-building
tool
Bikram
Kunwar
(PGP/PGDM/0102/51)
INTRODUCTION
With
the
advent
of
novel
communication
means,
namely,
the
Internet
and
mobile
devices,
an
individuals
informational
reach
has
progressed
in
leaps
and
bounds.
People
are
equipped
with
earlier
unmatched
knowledge
about
the
happenings
of
the
world,
even
more
so
about
engagements
and
developments
of
the
products
and
brands
of
their
choice.
There
has
been
a
furious
competition
among
organizations
to
capture
a
fair
share
of
the
consumers
attention.
Iconic
brands,
having
been
present
for
ages,
can
be
said
to
have
a
monopolistic
lead
in
this
regard.
With
pressing
efforts
being
made
for
an
appreciable
period
of
time,
these
brands
have
been
able
to
leave
a
lasting
impression
on
the
minds
of
their
audience(s).
This
process
finds
its
origin
in
the
era
of
mass
advertising
and
has
continually
progressed
through
to
a
time
when
marketers
can
strike
a
one-to-one
conversation
with
their
customers.
In
times
like
these,
it
has
proved
extremely
difficult
for
small
and/or
emerging
brands
to
make
a
mark
against
the
omnipresent,
all-dominating
stalwarts.
Take
the
example
of
EA
Sports,
which
has
invested
heavily
in
advertising
(/marketing
as
a
whole),
ranging
somewhere
between
2.5
3
times
of
its
game
development
budget.
The
revenues
garnered
from
a
continuous
influx
of
successful
titles
enables
the
organization
to
pump
in
more
money
to
fuel
the
growth
of
its
oncoming
projects.
Reportedly,
a
whopping
sum
of
$2.75
millions
was
spent
on
Facebook
Ads
itself
for
the
promotion
of
Battlefield
III
(net
$747
millions
in
2011).
1
Compare
that
to
the
resources
available
to
an
independent
game
studio,
such
as
PopCap
Games,
which
produced
the
massive
tower-defense
hit
Plants
v/s
Zombies
with
a
comparatively
meager
marketing
budget
of
$35,000.
The
game
went
on
to
gross
~25
million
downloads.
2
This
is
a
major
accomplishment,
given
that
the
year
of
launch
was
2009,
back
when
mobile
gaming
was
far
from
todays
numbers.
Compare
that
to
EAs
contender
in
the
category,
Dungeon
Keeper,
which
managed
around
1
million
downloads
(source:
Google
Play).
PopCap
couldnt
stand
the
race
for
long,
as
it
ended
up
being
acquired
by
Electronic
Arts.
Though
some
might
say
that
the
acquisition
worked
in
their
favor,
with
Plants
v/s
Zombies
2
garnering
25
million
downloads
in
the
first
month
of
its
release,
on
iOS
itself
(credits
to
EA
Sports
budget?),
but
the
fact
still
remains
that
PopCap
Games
lost
their
identity
of
independent
existence
in
a
market
which
was
only
going
to
bring
in
fruitful
returns.
This
document
aims
to
look
at
a
way
for
relatively
unknown
brands,
and
at
times
popular
ones,
aim
to
reach
out
to
the
audience
with
the
help
of
popular
imageries
and
communication
entities
brought
into
mainstream
by
established
organizations,
more
commonly
known
as
piggybacking.
Piggybacking,
however,
is
not
limited
to
use
as
a
market
entry
strategy
but
can
be
employed
to
complement
businesses
for
allied
organizations
[as
will
be
explored
further],
generally
for
non-competing
products.
Piggybacking
[piggyback
marketing]
has
been
defined
as
a
Low
cost
market
entry
strategy
in
which
two
or
more
firms
represent
one
another's
complementary
(but
non-
competing)
products
in
their
respective
markets.3
The
ever-increasing
competition
in
todays
world
has
posed
a
multitude
of
existential
problems
for
brands
in
the
market:
There
is
a
need
for
a
pervasive
vision
within
the
organization
that
resonates
with
its
audience.
The
vision,
being
multidimensional,
needs
to
be
differentiating
and
inspiring
at
the
same
time.
In
order
to
progress
and
stay
ahead
of
the
competition,
it
becomes
imminent
that
the
organizations
revisit
barrier-building
for
their
counterparts
through
subcategories
that
are
well-refined
and
constantly
checked
for
perception
alignment
Generation
of
brand
building
ideas
from
a
diverse
range
of
sources
to
break
through
the
existing
commotion
Integration,
rather
than
competition,
of
the
various
marketing
channels,
namely
advertising,
sponsorships,
digital
platform,
etc.
Moving
the
digital
marketing
focus
from
a
product/brand-centred
outlook
to
that
revolving
around
consumers,
their
hobbies,
their
lifestyles
Brand
needs
to
be
relevant
in
todays
day
and
age,
combatting
consumer
inactivity
and
buying
lethargy
through
a
mix
of
equal
parts
proactive
and
reactive
measures4
These
account
for
only
a
fraction
of
the
burden
being
carried
by
brands.
A
balance
needs
to
be
struck
between
growth
and
sustenance,
which
at
times
calls
for
clever
manipulation
of
existing
communication
channels
to
achieve
ones
end.
Piggybacking
provides
a
platform
to
arrive
at
the
same
results.
Striking
harmony
between
the
rider
and
the
carrier
is
of
grave
concern
in
the
case
of
piggybacking.
A
partnership
of
this
sort
stands
a
chance
when
it
proves
to
be
of
greater
benefit
than
a
standalone
endeavour
for
both
the
parties.
REASONS
UNDERLYING
PIGGYBACKING
A
dearth
of
funds
for
small
parties
required
for
building
requisite
awareness
for
its
audience
Taking
advantage
of
a
marketing
campaign
aligning
consumers
with
the
needs
relevant
to
an
organizations
offerings
To
capitalize
on
an
existing
market,
coupling
the
offerings
of
the
carrier
with
the
riders
products
Diversion
of
available
funds
towards
other
functioning
areas,
such
as
recruitments,
production,
etc.
[More
true
in
case
of
advertising]
When
a
firm
has
a
better
offer
to
make
that
fits
the
communication
delivered
by
a
first-moving
competing
firm
Curtail
reliance
on
workforce:
Banking
on
an
existing
communication
strategy/channel,
requires
comparatively
fewer
man-hours
Desired
internationalization
PIGGYBACKING:
METHODS
Piggybacking
viral
campaigns
Staying
ahead
of
the
times
in
consumer
conversations
holds
no
value
in
itself
if
the
communication
offered
is
not
relevant
to
the
brands
values
and
offerings.
Once
the
issue
of
relevance
has
been
tackled,
a
brand
needs
to
ensure
near
flawless
execution
of
its
scheme.
Any
slip
in
this
regard
would
only
prove
detrimental
to
the
brands
intentions
owing
to
the
speed
with
which
such
campaigns
tend
to
progress.
An
instance
of
the
same
can
be
witnessed
in
Deltas
failed
capitalization
on
2014
FIFA
World
Cup.
nimbleness
in
reaction.
Taking
the
help
of
stale
news
items
would
only
gather
the
attention
of
individuals
scrolling
through
to
gather
work-related
information,
who,
again,
might
not
show
interest
in
what
the
brand
has
to
say
vis--vis
the
information
they
were
after.
One
must
make
it
a
point
to
avoid
negative
news
articles,
preventing
a
negative
congruence
on
the
part
of
consumers.
An
entertaining
piece
of
content
once
created
needs
to
be
transported
to
its
relevant
destinations.
Heres
where
integrated
communication
plays
a
vital
role,
starting
from
#hashtags
on
Twitter,
to
mentions
on
Facebook,
or
email
communications.6
Piggybacking
on
Social
Media
Piggybacking
done
on
related
firms,
with
respect
to
related
offerings
is
piggybacking
done
right.
When
on
social
media,
one
needs
to
ensure
maximization
of
ones
organic
reach
to
the
audience.
Staying
connected
to
the
network
of
entities
where
the
relevant
audience
roots
itself
proves
to
be
a
good
start.
One
needs
to
interact
with
the
consumers
as
a
socially
integrated
entity,
offering
opinions
on
topics
of
interest
while
staying
open
to
their
demands
and
queries,
picking
up
crowd
from
an
established
community.7
Ad
wars
A
special
case
of
piggybacking
is
that
of
ad
wars;
where
competing
products
from
rival
firms
tend
to
parody
(or
at
times
complement)
each
others
communication
strategy.
A
popular
example
of
the
same
is
that
of
BMW
v/s
Jaguar,
the
series
ad
wars
which
picked
up
a
bunch
of
critical
acclaim,
recognition
amongst
enthusiasts,
and
most
importantly,
sales
for
both
manufacturers.
The
ALS
Ice
Bucket
challenge
aimed
at
raising
awareness
for
Lou
Gehrigs
disease
by
pouring
a
bucket
of
ice
water
over
ones
head.
The
campaign
went
viral
on
social
media
in
mid-2014
with
numerous
people
around
the
globe
contributing
towards
the
cause.
As
per
the
challenge,
those
nominated
by
a
participant
are
required
to
donate
$100
to
the
ALS
Association.
Jumping
on
to
the
bandwagon
provided
two-fold
benefits
to
the
Samsung
Brand.
Firstly,
Samsung
was
able
to
highlight
its
major
point
of
differentiation,
that
of
water
resistance,
from
its
dominating
competitors
Apple
iPhone
5
and
Lumia
920.
Secondly,
the
participation
along
with
a
donation
from
the
Samsung
group
towards
the
cause
helps
outline
Samsungs
motive
to
cater
to
people
(coupled
with
numerous
other
initiatives
on
their
part,
e.g.
cameras
on
the
back
of
Samsung
trucks
to
help
reduce
road
accidents
in
Argentina,
etc.).
9,
10
millions
to
reach
out
to
people.
The
ad
was
relevant
in
terms
of
the
current
scene
in
addition
to
being
agile
to
react
to
a
fast-catching
campaign.
Compared
to
the
proportions
of
the
rider,
the
response
received
was
laudable,
with
the
ad
attracting
10,000
viewers
and
75
likes
in
the
first
week
of
release.11
All
in
all,
Red
Hare
achieved
significance
during
SuperBowl,
a
time
usually
associated
with
marketing
giants.
REFERENCES
1
-
http://www.gamesindustry.biz/articles/2012-07-27-ea-spent-usd2-75m-on-
facebook-ads-for-battlefield-3
2
-
http://in.pcmag.com/gaming/70739/news/plants-vs-zombies-2-approaches-25-
million-download
3
-
www.stateofdigital.com/creative-and-cost-effective-piggyback-marketing/
4
-
https://www.prophet.com/theinspiratory/2014/09/15/the-10-most-common-
branding-challenges/
5
-
http://www.zestdigital.com/piggybacking-viral-trends-viable-marketing-option/
6
-
http://blog.landerapp.com/newsjacking-piggybacking-your-way-to-brand-
publicity/
7
-
http://thesocialmediaaffair.com/post/33815915382/piggyback-marketing-meet-
social-mediasocial
8
-
http://www.mbaskool.com/business-concepts/marketing-and-strategy-
terms/12100-piggyback-promotion.html
9
www.wikipedia.org
10
-
http://www.businessinsider.in/Samsung-Challenges-Apples-iPhone-5S-To-The-
ALS-Ice-Bucket-Challenge/articleshow/40719240.cms
11
-
http://www.ecgprod.com/piggybacking-off-of-big-brand-success/