• Mantra Ayurveda: Scaling Direct-To-Consumer Marketing

    Mantra Ayurveda (Mantra), established in India in 2020, manufactured and marketed luxury Ayurvedic skin care and hair care products. The brand’s equity in the Indian market was low, its performance marketing efforts were not leading to expected revenue gains, and the revenue from direct-to-consumer (DTC) initiatives had experienced a negligible uptick in financial year (FY) 2020–21. In April 2021, the chief executive officer would have to convince the board and investors about his plans for achieving fourfold revenue growth from the DTC channel in FY 2021–22. He needed to propose a choice that would build the brand for long-term sustenance while delivering on short-term revenue goals, considering key strategic pillars: an international DTC market launch to expand; offline marketing to increase brand awareness; in-house and outsourced performance marketing to optimize digital efforts; and discounts, promotions, and the launch of smaller package sizes to drive trials. Making the right choice could lead to an expanded international brand presence and deeper penetration into the Indian luxury market. However, the wrong choice could mean an early exit of a major investor, leaving the company cash-starved and plunging both the company and the future of his career into uncertainty.
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  • Mantra Ayurveda: Scaling Direct-To-Consumer Marketing

    Mantra Ayurveda (Mantra), established in India in 2020, manufactured and marketed luxury Ayurvedic skin care and hair care products. The brand's equity in the Indian market was low, its performance marketing efforts were not leading to expected revenue gains, and the revenue from direct-to-consumer (DTC) initiatives had experienced a negligible uptick in financial year (FY) 2020-21. In April 2021, the chief executive officer would have to convince the board and investors about his plans for achieving fourfold revenue growth from the DTC channel in FY 2021-22. He needed to propose a choice that would build the brand for long-term sustenance while delivering on short-term revenue goals, considering key strategic pillars: an international DTC market launch to expand; offline marketing to increase brand awareness; in-house and outsourced performance marketing to optimize digital efforts; and discounts, promotions, and the launch of smaller package sizes to drive trials. Making the right choice could lead to an expanded international brand presence and deeper penetration into the Indian luxury market. However, the wrong choice could mean an early exit of a major investor, leaving the company cash-starved and plunging both the company and the future of his career into uncertainty.
    詳細資料
  • The Challenges of Marketing Budget Preparation in Uncertain Times

    Fitzie, a sports and fitness brand that manufactured, marketed, and sold sports and lifestyle footwear and apparel, had been doing relatively well in its Eastern Europe, Middle East, South Asia, and Africa (EMESAA) region, with double-digit growth for the past two years. However, the business had been affected by the global COVID-19 pandemic, with the business forecast for 2020 reduced by 39 per cent. As a result, Fitzie’s global team had reduced the EMESAA region’s marketing allocation for 2020 by the same ratio. Archana Roy, the marketing head of Fitzie’s EMESAA region, had to present her marketing plan for 2021 to Fitzie’s global team at the end of September 2020. What had worked in the past might not yield results for 2021, as significant shifts in consumer behaviour had occurred and different markets moved asymmetrically. It was important to prioritize and align all local stakeholders for strong execution and to ensure that the global team allocated the required marketing budget. Was there a need to reconsider the well-established marketing budget allocation process and, if there was, what should the criteria be for reallocation?
    詳細資料
  • The Challenges of Marketing Budget Preparation in Uncertain Times

    Fitzie, a sports and fitness brand that manufactured, marketed, and sold sports and lifestyle footwear and apparel, had been doing relatively well in its Eastern Europe, Middle East, South Asia, and Africa (EMESAA) region, with double-digit growth for the past two years. However, the business had been affected by the global COVID-19 pandemic, with the business forecast for 2020 reduced by 39 per cent. As a result, Fitzie's global team had reduced the EMESAA region's marketing allocation for 2020 by the same ratio. Archana Roy, the marketing head of Fitzie's EMESAA region, had to present her marketing plan for 2021 to Fitzie's global team at the end of September 2020. What had worked in the past might not yield results for 2021, as significant shifts in consumer behaviour had occurred and different markets moved asymmetrically. It was important to prioritize and align all local stakeholders for strong execution and to ensure that the global team allocated the required marketing budget. Was there a need to reconsider the well-established marketing budget allocation process and, if there was, what should the criteria be for reallocation?
    詳細資料