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Marketing Management | "Big Bazaar: The Brand Building Challenge"

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Big Bazaar: The Brand Building Challenge

- by Ravi Bhatia *

Previous

Page - 8

The strategic decisions to secure spaces before other retailers join in have resulted in cost-saving. Also, it has created early presence in market.

Nurturing Relationships

Kishore Biyani follows strategy to develop trust and nurture relationships with suppliers. This trust led to strategically correct decisions most of the time. Whoever works with Future Group, either leaves in initial deals or continues forever.

Use of Technology, Scenario-Planning & Story-Telling

Big Bazaar planning and design used advance technologies like scenario-planning and story-telling. These techniques were mainly used for store-design layout, store-location selection. The strategy to use user-focused, prototype-based development tool made the brand adapt to the fast-changing external environment.

Design Management

Design-led thinking helped Big Bazaar to achieve ‘customer-first’ objective and ultimately led to better financial performance. Big Bazaar strategy to focus on design led to creation of Idiom, an independent design and consultancy firm, based in Bangalore. They are one of the few organizations in India having economists, ethnographers and sociologists working across various teams as a part of Design Management team.

Back-end Operations, Supply Chain

Harvard Business School just did a case study on Pantaloons' Supply Chain and it says that Pantaloons' is the most cost-effective supply chain in the world. India may not have a modern supply chain but it definitely has a cost-effective one. Retailers have made use of the existing supply chain.

References

  • Buyer Behavior: http://buyerbehaviour.blogspot.com/2008/01/big-bazaar-freedom-sale-change-in.html

  • Indian Retail Scenario: http://www.slideshare.net/theRedIndian/india-retail-2008-big-bazaar-scenario/

  • Wikipedia: www.wikipedia.org

  • "IT Happened in India" by Kishore Biyani

  • "From Brand Vision to Brand Evaluation: The Strategic Process of Growing and Strengthening Brands" by Leslie de Chernatony

  • Kunde Model: http://www.kunde-co.com/Default.aspx?ID=325

  • Economic Times: www.economicstimes.com

    Next


    * Contributed by: -
    Ravi Bhatia is a second year student of PGDM at IIM Calcutta. He is an Engineer with honors degree from IIIT Allahabad. He has worked for India's number one private life insurance provider and leading communication software provider, and has authored several articles and press-releases.
    Article posted on January 25, 2009.


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