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Cavin Kare
Led by C.K. Ranganathan, Cavin Kare, has successfully
turned ‘entrenched market wisdom’
on its head. Here is an organization which believes
that Indian products can compete with the biggest
MNCs and come out on top. He has used local insight
to generate unbelievably successful products,
beating the MNCs in markets where they previously
ruled the roost.
In order to differentiate his products, Ranganathan
follows a remarkable method of obtaining consumer
insights. Rather than hiring a market research
agency to obtain information, Ranganathan and
his team personally meet with several potential
consumers to understand their deepest desires
and what they look for in a product. Ranganathan’s
view is that market research conducted through
a standard questionnaire will only tell you what
you want to hear. In order to really get at what
the consumer thinks, you need to wear the consumer’s
clothes, speak his language, share his dreams
and frustrations.
Once back in the lab, Ranganathan and his product
development team come up with just the kind of
product that the consumers want, turning the product
into a winner from the time it hits the market.
Ranganathan’s mindset is what differentiates
him from most other companies. In market spaces
dominated by a single large MNC, most companies
tend to shy away, in the fear of being eaten up.
But Ranganathan sees a tremendous opportunity
in wresting market share from the MNC. His view
is that the MNCs are usually complacent and it
is this complacency that can lead to their downfall.
It is this that has resulted in Cavin Kare’s
Fairever commanding approximately 11 percent of
the fairness cream market in India, significantly
lowering the market share of Hindustan Lever’s
Fair & Lovely.
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