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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 - 4

Promotion

Big Bazaar started many new and innovative cross-sell and up-sell strategies in Indian retail market. The various promotion techniques used at Big Bazaar include "saal ke sabse saste teen din", Future Card (the card offers 3% discount), Shakti Card,
Brand Endorsement by M. S. Dhoni, Exchange Offer - ‘Junk Swap Offer’, Point-of-Purchase Promotions.

Advertising has played a crucial role in building of the brand. Big Bazaar advertisements are seen in print media, TV, Radio (FM) and road-side bill-boards.

People

They are one of the key assets for any organization. The salient features of staff of Big Bazaar are: -

  • Well-trained staff, the staff employed by Big-Bazaar are well-suited for modern retail.

  • Well-dressed staff improves the overall appearance of store.

  • Employees are motivated to think out-of-the-box. Retail sector is in growth stage, so staff is empowered to take innovative steps.

  • Employs close to 10,000 people and recruits nearly 500 people every month.

  • Use of technology like scenario planning for decision making.

  • Multiple counters for payment, staff at store to keep baggage and security guards at every gate, makes for a customer-friendly atmosphere.

    Process

    The goods' dispatch and purchasing area has certain salient features which include: -

  • Multiple counters with trolleys to carry the items purchased.

  • Proper display / posters of the place like (DAL, SOAP, etc.).

  • Home delivery counters also started at many places.

    Physical Evidence

    It deals with the final deliverable or the display of written facts. This includes the current system and available facilities.

    Big Bazaar: Brand Extensions Actually Made & Future Possibilities

    Future Group is planning to split Big Bazaar into two entities. One will be front-end consumer-oriented entity and other will be for back-end operations. Back-end entity may enter into joint venture with leading international cash and carry retailers. Foreign partners like Carrefour, Metro, Costco, etc., are in the race, and their role will be to improve efficiency in sourcing and logistics, which will help drive down prices and boost margins.

    The front-end operations will be further divided in three categories, Big Bazaar Express with store area less than 40,000 sq. ft., Standard Big Bazaar with store area between 40,000 to 75,000 sq. ft., and Big Bazaar Supercentres with store area more than 75,000 sq. ft. (Exhibit 10). Future Group is also planning to distribute financial products like consumer loans and insurance through Big Bazaar outlets.

    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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