“You can’t cross the chasm without marketing” | Ambi Parameswaran | Marketing Veteran | Season 2, Episode 1

Episode Summary

In this engaging episode of "Best Place to Build Podcast" (Season 2, Episode 1), host Amrut sits down with Ambi M. G. Parameswaran, a marketing veteran and IIT Madras alumnus, at the IIT Madras Alumni Association's annual flagship event, Sangam, at the Taj in Bangalore. The conversation delves into the fundamentals of marketing, the evolution from brand marketing to performance marketing, and the distinct challenges of building Indian brands in a global marketplace.

Ambi shares fascinating insights from his distinguished career spanning advertising agencies like FCB Ulka and Rediffusion, where he worked on iconic campaigns, including the legendary Tata Indica "More car per car" campaign and the Santoor soap brand that eventually overtook global giant Lux. The discussion delves deep into the psychology of both B2B and B2C marketing, debunking the myth that business purchases are purely rational while consumer purchases are emotional.

The episode also covers the importance of marketing for tech products, the role of storytelling in brand building, and how great products still need marketing to cross the adoption chasm. Ambi reflects on his journey from chemical engineering at IIT Madras to becoming one of India's most respected marketing minds, emphasizing how serendipity and openness to opportunities can shape careers in unexpected ways.

Amrut’s Comment

Key Highlights

0:00 Introduction & Setting the Stage

  • Host and guest introductions
  • Podcast context and event background

1:55 Distinguished Alumni & Early Influences

  • IIT Madras alumni in marketing
  • Notable peers and their career paths

3:12 Ambi's Career Journey

  • Entry into advertising
  • Early career decisions and placements
  • Transition between advertising and marketing
  • Turning around FCB Ulka

8:26 Favorite Campaigns & Brand Stories

  • Tata Indica, Tata Indigo, Sanur, Sunfeast, Sundrop
  • B2B campaigns (TCS, Tata Salt, ZTV)

10:00 Defining Marketing, Branding, and Advertising

  • Peter Drucker and Philip Kotler's definitions
  • The role of branding in marketing

12:10 Customer-Centricity in Marketing

  • Understanding and satisfying customer needs
  • Product vs. customer focus

13:30 Product vs. Marketing Debate

  • Tech companies and the "build it and they will come" myth
  • Apple, Tesla, and the power of non-traditional marketing

15:00 Performance Marketing & Its Evolution

  • Direct marketing origins
  • Dell's performance marketing example
  • The balance of brand and performance marketing

17:24 Do Great Products Need Marketing?

  • The adoption curve
  • The role of marketing in product success
  • PR and influencer marketing (ChatGPT example)

19:37 B2B vs. B2C Marketing

  • Emotional vs. rational buying
  • The myth of rational B2B decisions
  • The role of trust and brand in B2B

23:00 Marketing Deep Tech vs. Consumer Products

  • Indica vs. Sanur: rational and emotional selling
  • The Indica V2 turnaround story
  • Lessons from Tata Motors' journey

28:00 Indian Brands, National Pride, and Market Challenges

  • "Be Indian, Buy Indian" in advertising
  • Challenges for Indian entrepreneurs
  • Value proposition and market entry strategies

32:00 Healthcare, Diffusion of Innovation, and Social Impact

  • Medical devices and adoption in India
  • The "diffusion of innovation" model
  • Social campaigns and their impact

36:00 Brand Building for Institutions

  • IIT/IIM brand perceptions
  • How institutional legacies are built
  • Student choices and crowd mentality

41:00 Ambi's Book: 'Marketing Mixology'

  • Book inspiration and content
  • The process of writing and teaching

44:00 Podcasting and Knowledge Sharing

  • Ambi's podcast projects
  • The value of case studies and real-world examples

46:00 IIT Madras Brand Building Project

  • The "Ask IIM" initiative
  • Changing perceptions over time

50:00 AI's Impact on Marketing

  • AI in content creation and research
  • Human creativity vs. AI-generated content
  • The future of marketing roles

1:04:00 Closing Thoughts & Farewell

Institutions mentioned

Indian Institution of Technology Madras- Ambi did his B.Tech in Chemical Engineering (1972-1977) at IITM.

He did his MBA [PGDM] in Marketing & Finance (1977-1979) at Indian Institute of Management, Calcutta (Honour Roll Graduate)

People mentioned

Marketing & Advertising Industry:

  • Subhash - FCB Ulka colleague who offered Ambi his first advertising job
  • Jonathan Harris - Colleague with the quote about rational vs. emotional purchases
  • Amitabh Kant - Creator of "Incredible India" campaign
  • Arvind Rangaswami - IIT Madras/IIM Calcutta batchmate who encouraged book publishing

Business Leaders:

  • Ratan Tata - Chairman who personally championed the Indica project and received Detroit Auto Journalist Association's lifetime achievement award
  • Rajiv Dube - Tata Motors client who requested inclusion in Ambi's case study books
  • Bhaskar Bhatt - Former CEO of Titan, IIT Madras alumnus with marketing background
  • Anand Kripalu - CEO of EPL, former Mondelēz International and DIAGEO CEO, IIT Madras alumnus

Academics & Thought Leaders:

  • Peter Drucker - Management consultant quoted on organization's purpose
  • Philip Kotler - Marketing expert who said "branding is marketing"
  • MS Swaminathan - Agricultural scientist who brought hybrid seeds to India
  • Everett Rogers - Researcher who developed diffusion of innovation theory

Companies mentioned

Advertising Agencies:

  • FCB Ulka - Ambi's primary agency for 26-27 years
  • Rediffusion - First agency where Ambi did summer internship
  • JWT (J. Walter Thompson) - Another agency recruiting from IIMs

Automotive:

  • Tata Motors - Client for 15 years, Indica and Indigo campaigns
  • Maruti Suzuki - Competitor to Tata Indica
  • Hyundai - Car manufacturer mentioned as Indica competitor
  • Fiat - Car company present during Indica launch
  • BMW - Example of international auto company with Bangalore operations
  • Mercedes - Luxury car manufacturer
  • Boeing - Aerospace company mentioned in talent competition context
  • Ather - Electric vehicle startup, example of IIT Madras building culture

FMCG & Consumer Brands:

  • Unilever - Global FMCG company, recruited from IIMs
  • Lux - Global soap brand that Santoor eventually overtook
  • Santoor - Soap brand that grew from one-fifth of Lux's size to market leader
  • Sundrop - Cooking oil brand handled by Ambi's agency
  • Sunfeast - Cookie business based in Bangalore
  • Tata Salt - Consumer brand in Tata portfolio

Technology & Services:

  • TCS (Tata Consultancy Services) - B2B brand, IPO and corporate campaigns
  • Wipro - IT services company mentioned as another brand
  • Dell - Example of early performance marketing with trackable phone numbers
  • IBM - Classic B2B brand with strong trust equity ("Never got fired for buying IBM")
  • SAP - Enterprise software with similar brand trust
  • Apple - Example of non-traditional marketing through distinctive design and showrooms
  • Tesla - Example of marketing through design, showrooms, and PR rather than traditional advertising

Media & Entertainment:

  • Zee TV - Television channel handled by the agency

Banking & Financial Services:

  • ICICI Bank - Mentioned in the brand portfolio
  • Citibank - Company that shortlisted Ambi during campus placements

Pharmaceuticals & Healthcare:

  • Thermax - Industrial solutions company
  • Digene - Antacid brand
  • Brufen - Pain relief medication

Books & Other Media

"Marketing Mixology: Four Essential Skills for Marketing Success" - Ambi’s 12th and latest book covering consumer understanding, brand building, negotiation, and communication

“Nawabs Nudes Noodles: India Through 50 Years of Advertising” - A journey through five decades of India’s advertising landscape, exploring its impact on society and culture

Concepts & Models

Additional Links

"The Last Brand Standing" - Six-episode series about brand battles, hosted on IBM platform with Neeraj Gupta

"The Sponge Podcast" - 27-episode series based on his leadership book, co-hosted with Amit (IBM Podcast founder)

Episode 1    |    65 Mins
Guest Bio

Ambi is a marketing veteran and distinguished alumnus of IIT Madras with over three decades of experience in advertising and brand building. He led FCB Ulka (formerly Ulka) for 26-27 years, transforming it from a struggling agency into one of India's premier advertising firms before selling it to a multinational. His illustrious career includes creating and nurturing some of India's most iconic brands and campaigns, including the Tata Indica "More car per car" campaign, Santoor soap, Sundrop cooking oil, TCS corporate campaigns, and Zee TV, among others. He has also worked extensively with B2B brands and has been instrumental in building brand equity for Indian companies competing against global giants. Beyond his corporate achievements, Ambi is a prolific author with 12 published books on marketing and branding, including his latest work "Marketing Mixology: Four Essential Skills for Marketing Success."

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