AMA defines
brand and branding as "a name,term,sign,symbol or design or a combination
of them,intended to identify the goods or devices of one seller or a group of
sellers and to differentiate them from those of competitors."
Formed in 1946, it is a
brand managed by a cooperative body, the Gujarat Co-operative
Milk Marketing Federation Ltd. (GCMMF), which today is jointly owned by 3.6
million milk producers in Gujarat. Amul spurred India's White Revolution, which made the country
the world's largest producer of milk and milk products. In the process
Amul became the largest food brand in India and has
ventured into markets overseas.
BRAND MANAGEMENT
Brand management is a
function of marketing that uses special techniques in order to increase the
perceived value of a product. Based on the aims of the established
marketing strategy, brand management enables the price of products to grow and
builds loyal customers through positive associations and images or a strong
awareness of the brand.
STRATEGIES:
1. The Ultimate Strategy
The Amul girl was the
brainchild of Sylvester Da Cunha, the managing director of the advertising
agency AS. The ads were designed as a series of hoardings with designed relating
to day-to-day issues. The biggest reason for this is the topical nature of
the ads. Amul ads have witty one liners which capture relative
events that have caught the fancy of the nation.
2. Low-Cost Price
Strategy
Low Cost Price Strategy
was adopted to make the product affordable and alluring
to consumers by granting them value for money. The main aim of
Amul is to provide quality products to consumers at minimal cost. The goal
of Amul is to provide maximum profit in terms of money to the farmers. Low Cost
of production of Amul: Milk production is scale insensitive and labour
intensive. Due to low labour cost, cost of production of milk
is significantly lower in Amul.
3. Defence Strategy
Moving consumers to
loose milk to packaged milk and gradually move them up the value chain(tetra
pack to beverage).
4. Product positioning
Strategy
Amul takes to
global sports events
Amul
can venture into offering low-fat versions of milk and will help capture the
market of second and third generation Indians and Global Market.
CONCLUSION
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