If you look at the heart of marketing, it breathes meaning into things and ideas. Take Coke and plain carbonated water – the difference between the two is a few billion dollars! As human beings, we decode everything, because the human need is to fill ourselves with meanings. If you are a shaper of meaning, you must know how meaning is made. What is becoming important is symbolic and virtual. Marketing opens up new ways of seeing the world.Santosh Desai is Managing Director and CEO of Future Brands, a branding services company in the business of creating, managing and offering consultancy services in the brand and consumer space.
Desai has been in the advertising business for 22 years, his last assignment in advertising bigh that of President of McCann Erickson.
A leading commentator on societal and cultural trends, popular culture, brands and marketing, Desai has addressed many national and international seminars and been a jury member of international and national ad awards. He was a jury member of the 56th National Film Awards. He has also penned a book titled ‘Mother Pious Lady – Making sense of everyday India’. Desai is also a regular columnist with The Times of India, Tehelka, Media International and other publications.
In conversation with exchange4media’s Shree Lahiri, Desai speaks about the significance of marketing today, the advertising world in the 80s and now, and the journey ahead... Q. What are the challenges that you have faced at Future Brands?
And the footprint of influence is larger, which I find very interesting and satisfying. To me, the most interesting part is to create new brands. Apart from that, there’s brand maintenance, there’s consumer anticipation, wielding different facets to create brands, also, the consulting and advisory roles, which is pure fun. You’re at the heart of their biggest worry and the biggest opportunities, and it is exciting.
Q. How was it becoming a client? Was it a new learning curve?
Q. You don many hats. How do you juggle between the different roles?
Q. What do see your journey ahead as?
The new world is throwing up new big questions… whatever allows me to engage and answer these questions, is exciting for me.
Q. You had given a call for marketers to bring the ‘bazaar’ back to society, as it was traditionally. What did you mean by that?
Q. Being an alumni of IIM, Ahmedabad yourself, do you think MBAs have an edge over others in the world of advertising?
Then advertising became more mainstream. Over the years, it hardened into a formula with prescriptions and rules on both sides. Then it needed a breakthrough, which happened in the last few years. Today, advertising cannot afford top-level MBA school pass-outs, who are joining banks or software companies.
I’m not a believer in the power of the MBA; they haven’t taken note of what the world has changed into. MBAs do not have any automatic advantage in ad agencies; in fact, at times such as during training, it can be a hindrance.
Q. “Marketing is nothing but creating a meaning. It is today’s biggest challenge and opportunity”. This is what you had said at the India Social Summit. Please elucidate.
As human beings, we decode everything, because the human need is to fill ourselves with meanings. If you are a shaper of meaning, you must know how meaning is made. What is becoming important is symbolic and virtual. Marketing opens up new ways of seeing the world.
Q. Community-owned brands vis-à-vis company-owned brands. You had pointed out that brands of the future need to understand that their communities will manage them in the future. In such a scenario, what do you think brand owners should do?
But the world is changing in the digital world. Brands and manufacturers have lost control over the narrative and there’s a new sophistication that has come in, wherein consumers talk of brands as part of their lives and feel a sense of ownership.
Brands are struggling to keep up with and adjust to the new world. We’ve spoken of brand building, but you must now know about ‘brand dissolution’. From a centralised situation, you move to a decentralised, scattered view of brands… that’s the shift that has happened.
Q. Last but not the least, how has the experience been while writing your book ‘Mother Pious Lady’? Anything new in the pipeline?
I am now working on another book on the last two years in India as seen through cinema. It’s a comment on the society, but to find time to write has been a struggle.
Q. Could you pick the top three ads of 2011?
Q. What was advertising like when you joined in the 80s and when you left and switched to the other side of the table?
When I left, I think product advertising (I mean creative) had improved. Today, the role that advertising plays has diminished. The value of the agency was on the creative ideation. It is ironical that bigger brands have come in, but the industry has lost some of its lustre, while the product has a ‘creative sparkle’, which is an improvement from the 80s.