IPL: A Black Swan Event

Just a thought……Does IPL come under the umbrella of Black Swan Events? or Is it a scripted tournament, if yes than I must say it is better than even most of our Bollywood movies (to avoid any controversies I will not be talking about the latter here). Well according to me it is a Black Swan event the reason being:

IPL 1 Rajasthan Royals won the trophy. (At no point in time one could have said that they will emerge as winner)

Then in IPL 2 last year’s toppers came down and last year’s bottom two teams were put in the final.

The sudden shift of IPL from India to SA in season 2 (but everything was managed in such a way that it felt like they knew it was going to happen…U cannot make an event of such a big scale happen in about a few weeks time).

In IPL 3 when everything was going in favour of IPL, it was struck by a controversy (I think we all are well aware about it THE LALIT MODI CASE). Now the question in front of us is that, will IPL still enjoy the massive support it had managed to get in past 2 years?

And last but not the least: Will Lalit Modi regain his lost position? We here at Brandistics support Mr. Lalit Modi and hope to see him back in action. Because according to us: If IPL is ‘Manoranjan ka baap’ then Mr Modi is ‘IPL ka baap’. Well whatever the result may be we think it will again be a random one, which will come as a blow to us.

We have already seen in our previous posts that IPL stands way ahead among all the other sporting events. Now let us see how this greatness of IPL has lead to growth of various things with respect to India. They are:

Emergence of Brand India (As it is promoting itself as a game played by the Indian mass. Ad campaigns like Saare Jahan se Achcha are helping it to achieve the milestone)

Emergence of a business within cricket, thus making it a very lucrative option for Indian business houses who are ready to invest in sports.

At the game level, it has provided the young talented players of India, a stage to showcase their talent (I think this is the main reason why most of us are seeing cricket as a career).

It has promoted cricket as a commodity rather than a brand. This has brought down the emotional attachment of people with the game as a whole, but it is exploiting there emotion by targeting different states/parts of India by forming different teams representing different parts of India.

It has lead to the emergence of cricket as a competitor to football and basketball.

With this we will end this post. Stay tuned.....

Lalit Modi - Man behind the Brand IPL

Well everyone remembers the climax scene of the movie GURU ,where the witty businessman gets away with all charges just by the dialogues and the thought that whatever this man is doing is for the betterment of the country as a whole. But, this is no real life. Not in the case of, Mr. Lalit Modi the man who idealized the brand IPL and has worked diligently for 5 years now to make it to the list of most innovative global brands.

Lalit Modi, a great visionary who rose from the backdrop of his bad college days, to be a part of around 5 businesses that also include the mega-brand IPL has been asked to clear his image of all charges in the governing council meeting of the BCCI. This is what politics does to some bright careers in business. Personally, (being a bit positive and with all respect that I have for the brilliant mind in Lalit Modi) I think that though the man is minting money, so are the other business houses in India - now majorly because he went against the government to hold IPL out of India the last season in South Africa, does not allow everyone to fire all guns at him. He surely is involved in the charges raised on him, but I would list some brilliance of the man that cannot be overshadowed by the criticism he receives.

• The vision to take IPL global through international partnerships with Google-Youtube.
• His strategy to keep the IPL alive even after the season by organizing international off season matches to keep the audience engaged and boost the brand recall of IPL.
• The inspiration that he imbibed in every youngster in India who dreams to be the next generation Sachin Tendulkar,Kapil Dev or a Saurav Ganguly. He provided the platform for players like Asnodkar, R. Khan who could not even dream of earning such huge sums from their cricketing abilities. IPL inspired them to believe in themselves and put in their hard work so that they get the chance to play for their nation and this dream has been realized by players like Manpreet Gony, Murali Vijay, Ravinder Jadeja who have got their bright chances.
• Lalit Modi provided us the ultimate product mix of Cricket + Bollywood which has no other match in terms of entertainment value delivered.
• And, ultimately to take on the other commercial sport events of the west like the American Baseball , the English Premier League or may be other soccer leagues in the Europe. As, the growth rate of IPL in the sports industry clearly poses a major threat to these leagues in the coming future. So, he is making India shine on the world map as ultimately it is the INDIAN premier league and an INDIAN running it successfully for the last year( which has now been acknowledged by all management thinkers worldwide).

Yes, the ethics are necessary in the business you do - but such an attitude by the government raises questions on the sustainability of such brilliant innovations. The kind of environment that has now been created by the government with their "media partners" surely leads to degradation of the brand and the vision of the man seems to be all dark.

To end up probably my last post of this IPL season, I would quote Sachin on his 37th birthday. Probably, the only hope who will save this commercialization of cricket through hi true cricketing skills.
Sachin in a recent interview said -

"At the end of the day the competitiveness on the field is what the audience want to see, what happens off the field doesn't effect the cricket on the field and Indian cricket is strong enough to cross all these hurdles".

It is also true that no such controversies can ever stop an IPL fan to watch the master or any of their favorite player play on the field.

3 M’s of IPL

If you want to rate a brand, you do it on the basis of the value it fetches. What do you think is the brand value of IPL.... No idea... So let me put this like this... The recent bidding values for the new teams (Pune and Kochi) touched $700 million mark, which was almost at par with the one whole Manchester Untied team. Apart from it, IPL also enjoys a TV rating which constantly extends 4. No doubt IPL has arrived, and it is posing a threat on NBA and NFL.

According to us, the main reason for the success of IPL is the 3 M’s which it follows. A detailed description about them is given below:

Match Format:

IPL offers its audience a short and enjoying 20 over format cricket popularly known as T20. This formula of Modi, of coupling cricket with drama, emotion and above all bollywood (and other celebrities) has made it more of a family affair thus taking away the TRP’s of the family Saas/Bahu serials. The fact that this format fits into the Indian style of living also helps it to gain the viewership.

Money:

The Auctioning of players, the selling of Team ownerships, selling of tickets, Sponsorships price, broadcasting rights everything involves money. And why not IPL is here to make money. This factor has also contributed in adding a huge amount of fan following to it. (I recently got a goodie bag from KKR, just because I clicked on some of their adds and answered some stupid questions... Ppl or rather sponsors are throwing out money in IPL, so someone has to be there to catch it). This act of giving gifts to the audiences is really helping it grow exponentially (and specially in a country like India where people are crazy about the gifts).

Marketing: IPL is using every kind of marketing strategy from traditional medium to latest social media tactics. You name it and they have it. So let’s try to list some of them:

(Note: we are specifically dealing with the latest marketing activities adopted by them)

The collaboration with Youtube to stream the videos

Coming out with an official ipl website

Wikipedia telling the people about IPL

 

IPL coming out with face book fan page for its viewers.


IPL YouTube Social Media Promotion Banner Ads

IPL Cricket Fan Club Website and blogs like All Padded Up

Orkut has come out with a doodle for IPL

All the above mentioned promotional schemes followed by IPL are online in nature. We covered this here so as to lay a backgound for Viral Marketing postwhich will be soon following this post. So stay tuned.

Brand Deccan Chargers - Positioning

The last time we talked about Positioning of a brand, it was for the KKR brand. It was the team that had won the wooden spoon in IPL 2009 tournament and still continues to be a big brand. But this line of thought brought us to another big brand, that of DC or Deccan Chargers who have the dubious distinction of paving the way for KKR by winning the wooden spoon in IPL 2008.

But the way they position themselves is a lot different.

They do not have a glamorous owner and they are not associated with a glamorous brand ambassador. Not surprisingly, their brand valuation has been lower than most other teams.

In the first IPL, DC were the star studded, being positioned as such, considering it made the costly purchase in Andrew Symonds and boasted of the presence of hard hitters in Gibbs, Afridi and Gilchrist apart from Symonds. In the initial years, the brand was more focussed on individual players and not the team.

Deccan Chargers' latest ads, on the other hand, be it McDowells or Idea, show it as a team of friends who play together and win together. In the parlance of brand positioning, it tells us the following three things:

• Deccan Chargers win in IPL 2009 did not do much for its individual players, but created a distinct team identity.
• There is no single player in the team that can position the team brand on its own.
• It is the only brand which has got foreign players which act as better brand ambassadors than their Indian counterparts. However, these foreign players can never carry an ad alone in the Indian waters.

We believe that Deccan Chargers have a lot of work to do with regards to their brand, and not just on the field. May be, the next time we sit down to evaluate them, they will have worked harder as a team and make a turnaround like they did from IPL 2008 to IPL 2009.

Deccan Chargers - The Brand for The Week

We started with the brand leader in IPL- Kolkata Knight Riders (KKR) and now we discuss the brands relatively lower in the valuation table

The Deccan Chargers (Hyderabad Team)

The DC was regarded the best team on paper after the first auctions, attracting a lot more followers with a legendary lot of international hitters - Adam Gilchrist, Shahid Afridi, Herschelle Gibbs, Andrew Symonds, and others. But, gave a lackluster performance in the first season, which failed not only the cricket strategies but also the branding strategies.

The team Deccan Chargers, in the first season was placed as a performance oriented team with the best team players that were the major brand equity of the team. A blistering hitting by these top of the league hitters was what got people excited about the brand. At the same time the owners Deccan Chronicle Holdings Ltd are not a well known brand by themselves.This all failed and thus called for a major marketing step up by the brand. The facts say that :-

Owners:	Deccan Chronicle Holdings Ltd.
Franchisee Fee:	US $107.01 mn
Sponsorships and Brand Associations	Idea,Puma,Odyssey,Kingfisher,McDowell's,Pepsi,92.7 FM
Income in Sponsorships (2008 and 2009)	Rs. 70 crore.
Income in Central Pool	Rs. 111.5 crore
Eyeball Factor	The foreign hitters - Gilly,Symonds,Gibbs,Afridi
Team Logo

Source : livemint.com

Now, in the last 2 seasons still the brand has concentrated more on performance, with no major steps in adding to their brand value. There have been no glamour, no controversies and not much of marketing tools applied by the owners - probably the team's performance spoke for it in the last season by winning the IPL and in IPL-3 they rocketed to semis with consecutive wins.So, wonder what the Deccan Chargers' vision to earn profits because its just not cricket, afterall its sports marketing and we at brandistics tell you this week ,how the Deccan Chargers have still developed as a brand.