One of the main
reasons for SIMSREE being one of the top B-schools in India is the
industry interaction that the students receive. The Business World, Dewang Mehta
Awards, etc. are fine examples to prove the point. The aim is to try and
interact with stalwarts from almost all industries which will make the
institute better prepared to face the corporate world. After all, MBA is more
about gaining practical knowledge.
It was yet
another highlighting moment for SIMSREE on the 8th February, 2014
when the campus was graced by the presence of Mr. Vibhor Gujarati, the
Marketing Head (India) at Edelweiss Financial Services Ltd. (Alternative
Investments – EAAA). Thereby, adding another star to the list of guest
lecturers at SIMSREE.
Mr. Gujarati
took the session on marketing in general and in fact, marketing across
different industries. He started the session off with a brief on his
background. He earned degree of engineering, post which he was associated with a
Production Engineering company and then followed it up with an MBA from PUMBA.
Now here’s the best part - he has around 14 years of experience in five
different industries viz. Engineering, FMCG, Finance, Television and
Alternative Investments, holding important portfolios. That set the bells
ringing for the batch and questions kept cropping up. Some confused, some
inspired, some in awe.
The session
began with a small exercise and point was very clear made after the exercise:
In marketing, you need to know as a marketer what the end consumer is thinking.
Brilliant!! The applause that followed was the batch’s way of appreciating the
idea. When you put an idea to the crowd it gets them to think and subsequently
the questions that come up are natural. As a result, there were a lot of
questions thrown at Mr. Gujarati, which he managed to answer with ease as he
could relate all of them to his experiences. They were all backed up by live
examples. There was one question which Mr. Gujarati had for the batch, “What is
it that a customer looks for when he buys the product”. Replies came in chorus,
“Value for money”, “Service”, “Trust”, and so on. But the batch missed out on
the most important point that Mr. Gujarati was looking for, “Satisfying the need of the customer”.
Getting to know the need of the customer is very important. Marketing has to be done on the foundation of
customer’s need.
There on, he
took us to the concept of 'Push-Pull Marketing'. With a simple example of a credit card sale, Mr. Gujarati was able
to get the concept of creating need and pull marketing. Selling & marketing
becomes difficult if you fail to keep a balance between push & pull. The
questions kept pouring in regarding all forms of marketing viz. digital
marketing, movie marketing, push-pull marketing, e-commerce, etc. The ease with
which the questions were answered and how every answer had a supporting example
convinced students the sheer experience and rigor of our guest.
The discussion
later shifted to the different industries that Mr. Gujarati has worked in. The
reason cited by Mr. Gujarati for shifting to so many industries was that he
wants to taste each and every pie because for the top job, one is required to
be someone who has hands on experience of everything. It somewhere made the
young-MBAs realize how important taking risks are in one’s career. He spoke at
length on to how it was not so difficult changing industries because at the end
of the day it all came down to marketing. Answering one of the students, Mr.
Gujarati did not rule out entrepreneurship in the near future.
At last the
discussion led to the industry he is currently working in i.e. Alternative Investments. The sheer
ignorance about just the industry name speaks volumes about what to expect
further. Mr. Gujarati spoke at length about the industry and cleared many doubts
that students had. He spoke about how Indian investors are still not confident
of engaging a specialist wealth advisor to grow their wealth. Mr. Gujarati
attributed this to poor sales strategy and high attrition rate among RMs. He
also gave his view on Insurance need in India by saying there is still long way
for us to catch up with the western world.
We all aspire to
be successful in our careers, but few manage to achieve that because it is all
depends on our attitude. He requested the batch to keep on doing the work they
do. “Enjoy it. Do it with passion and never do anything just to expect anything
out of it” were his pearls of advice to SIMSREE students. He also gave a very
important piece of advice to the batch to concentrate on their strengths rather
than someone else’s strengths and weaknesses. Last but not the least he told
that focus is the key to success. For the question, “Having worked in so many
industries, which one has been your favorite industry? What did you enjoy doing
most?” Mr. Gujarati’s straight reply was “Marketing”. This one word reply sums
it up, his dedication for his work and the fact that he thoroughly enjoys what
he is doing and importantly how he manages to keep his feet on the ground
inspite of holding such an important post is really commendable. Success is not
final, failure is not fatal; it is the courage to continue that counts.
Mr. Gujarati
came to deliver the session in spite of a severe cold and bad throat. He kept
his date with SIMSREE even though he had nothing to gain out of it. SIMSREE would like to thank Sir for gracing the institute by his presence and
enlightening the students on various aspects of Marketing.
8 comments:
It was an excellent learning experience... Looking forward for more such interactions..
A great session covering the practice of marketing in different industries proving that hard work when used along the lines of one's own strength will deliver good performance in any industry. I would like to thank Mr. Gujarati for sharing his personal experiences and taking out his valuable time in spite of bad throat.
What did you enjoy doing most?...marketing...Awesome
A highly engaging session about marketing across various industries. One of the key takeaways from this session was about how any company or individual can play to one's strengths and succeed in the worst of situations. The examples cited by Mr. Gujarati for explaining his ideas made the session very interesting!! Looking forward to more such interactions with Mr. Gujarati
An enthralling session by Mr. Gujarati. He spoke about his journey and answered questions relating his experience . A true connection made.
Nice Blog!!!
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