For the past few weeks I had become a student again. I spent
almost 4 weeks at various business schools in Hyderabad and Pune. Ostensibly I
was teaching. But actually I was learning. Interacting with post graduate
students on the cusp of starting a career or charting out on their own,
understanding how tomorrow’s customers think today, gauging the pulse of a
small sample size of today’s dominant youth has been always fascinating. And
this time was no different. So here is what I learnt. A few pointers.
1)
The youth are homogeneous yet are influenced by
geographical nuances. Take the example of Patanjali. My experience with the
youth show that youngsters are not too fond of the brand. It’s mostly being
bought by the 35 or 40 plus who have been influenced by Baba Ramdev’s yoga or
his Ayurvedic medicines. In the north youth know about Baba, have seen someone
in the family try the brand, have tried it themselves too. But in the south
Patanjali is more conspicuous by its absence. Youngsters are more amazed by it’s
success story as they have neither seen or encountered the brand. Patanjali is
clearly a north phenomena. Has someone access to its regional sales or
distribution data?
2)
The thinking of the youth is very urban. All the
business schools I went to, had a fair bit of the crowd from towns like Jaipur,
Nashik, Haridwar, Ludhiana etc but their thought process on the whole was very
urban. They seem to have either forgotten their roots or are embarrassed about
it or worse do not realise the potential of these places. In one business
school I was judging a competition where students were presenting how to
position and launch some known brands in unrelated categories. One category
which was spoken about was hotels. And almost every team focussed on big towns.
No one even thought about a potential business opportunity which exists in the
small towns. If tomorrow’s marketers also ignore Bharat then we and they are in
trouble.
3)
The English hangover dominates. At least two set
of students approached me to bounce off an ecommerce based home delivery
business model. I was thrilled by their entrepreneurial spirit. They were
targeting towns like Lucknow, Chandigarh. Aha! At last someone who was sensing
business opportunity in Bharat. But their thinking, ideas, branding and even
apps were all in English. There is no doubt that knowledge of English and its
use is very critical to be part of a global system. But are the youngsters getting
so brain washed that they were not thinking in Indian language or using Indian
languages when it was really required? In my mind there is no doubt that mobile
or digital based business models, apps or even money transactions will explode
if we provide the interface in local Indian language. It’s not the lack of
knowledge of English. But it’s a lack of ease of use of English. And yet when
the business model demanded Indian language, the students were overpowered by
the aura of English.
4)
Traditional media is dead. At least for the
youth. They don’t read newspapers. They watch TV rarely. Their life revolves
around the smart phones. You tube, whatsapp and even Facebook. As one student
put it very bluntly, “the last time I read newspapers, watched TV and read
business magazines was when I was preparing for interviews and group
discussions for admission to B schools.” Viral seems to be the hottest media. But
I must say I was surprised at the lack of attention towards LinkedIn. They were
unsure about how LikedIn could help and how could they use it.
5)
Finally, I am convinced that AIDA is now AISDAS.
After interest is search and after action is share. And if the share is
positive then it generates new Interest and the cycle can go on repeatedly,
unbroken. The youngsters are practicing this model. And brands which want to
make a difference better start thinking how they can influence the two new S.
Else they will be the third S. Stale.
Great observations. And yes the observation of English domination is so true. But here is another fact. Parents in all towns and cities, big and small are also insisting on their children learning English and becoming fluent in the language from a very early age.
ReplyDeleteYes a lot of the current target audience could be targeted better with regional languages but looks like the future is English and it's happening fast.
Great observations. And yes the observation of English domination is so true. But here is another fact. Parents in all towns and cities, big and small are also insisting on their children learning English and becoming fluent in the language from a very early age.
ReplyDeleteYes a lot of the current target audience could be targeted better with regional languages but looks like the future is English and it's happening fast.