Brands of Desire shifts from branding to management & strategy consulting

13 July 2018 Consultancy.in

Delhi-based brand consultancy Brands of Desire is undergoing a multifaceted transformation, both in terms of services and in terms of operations. The firm will open a new office in Gurgaon’s cyber city in August this year, and will reorient its offering to further incorporate strategy and management consulting. 

Brands of Desire (BoD) was founded in 2008  by former Investment Counselor at the Citi Group, Saurabh Uboweja. The firm was conceptualised as a strategy and brand consultancy, leveraging its innovative capabilities to generate valuable brands for its clients.

Therefore, BoD’s roster of services began with a distinct orientation towards branding services, such as brand assessment, support with rebranding, experience design, digital marketing and integrated marketing. Over the decade that it has been in operation, the firm has grown to operate in New Delhi and Mumbai with a combined ream of 40 professionals, serving clients across India as well as in Europe and the Middle East.

BoD has now decided to undergo a makeover in services, going in the opposite direction from most of the consulting industry. Across the globe, major accounting, advisory and consulting firms are expanding their operations to include digital-based creative marketing services.

Brands of Desire shifts from branding to management & strategy consulting

In India, the digital marketing market is projected to skyrocket over the next few years, and a number of international firms have been quick to seize the opportunity. Professional services firm Grant Thornton opened a digital arm in India, and Big Four accounting and advisory firm Deloitte followed suit earlier this year.

Mirroring this trend, BoD has now rebranded to move from the creative digital sphere to further incorporate management & strategy consulting into its operations. Specifically, the three domains that the firm will now focus on are strategy consulting, implementation management and executions services.

The firm has a dual approach to bolstering its new service offerings. The first is increased investment in digital enhancement, focusing on building expertise in the data analytics, automation, and artificial intelligence domains. Secondly, BoD is building an internal research arm, which will publish market insights to inform its solutions.

Commenting on the shift, Uboweja said, “We admire the extraordinary work of global management consulting firms like Mckinsey, BCG, and Bain & Company and aspire to create a parallel of these iconic firms but deeply focused in the pursuit of building brands which is our core competency. Our clients want us to implement the strategy and recommendations we propose and handhold them on their journey to become a brand which often results in significant changes across all business functions including organization strategy, operations, human resources, finance, sales & marketing and customer support. The other important reason for the shift is that we often get perceived as a creative or brand design agency which is not central to our value proposition though it is a market leading capability today.”

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Avalon Consulting reveals its four step strategy for sales acceleration

12 April 2019 Consultancy.in

Sustained growth in sales is often equated with profits and cash flow as a metric to determine the health of a business, and a combination of progressive demand and knowledge of the consumer base is crucial to maintaining sales growth, according to Mumbai-based management consultancy Avalon Consulting.

In some cases, according to a new report from Avalon, growth in sales might even be a priority for firms over profit, given that the former is challenging to achieve and requires constant vigilance. A number of firms have seen their promising business models made irrelevant overnight due to sudden market developments.

Unforeseen market changes – such as the current wave of digitalisation – are the biggest threat to sales growth, which has been exemplified by a number of major companies in the past. Avalon cites Kodak’s relative obscurity in the current photography economy as one prominent example, and Nokia’s position in the smartphone market as another.

So the formula to maintain growth in sales in a complex one, and Avalon conducted analysis of some of the biggest growers over the last two decades to try and devise a comprehensive strategy for sales growth. Of the firms analysed by Avalon, only 35% could maintain their high levels of sales growth between 1997 and 2017.

Avalon's approach to sales acceleration

Combining this data with Avalon’s own experience with clients, the firm has devised four key characteristics of firms that have cracked the code for sales growth, based on which it has developed a Sales Acceleration Framework (SAF). Firstly, the business model is one that continues to generate new demand over time. 

Successful firms ensure that they familiarise themselves with the nuanced needs amongst their customer base, and constantly disrupt their current operational structures to evolve with market trends and developments. To lubricate this disruption process, firms have an established mechanism to facilitate major operational change.

The first step in Avalon’s SAF framework – which is based on these principles – is to arrange discussions with a firm’s senior leadership to hone in on certain key problem areas that need to be addressed on a priority basis. Once this is done, the second step is to develop strategies to address these key issues.

These could include surveys with people involved in the problem areas. The third step is to then develop action areas, a task that Avalon has developed adept capabilities in via its own proprietary model. The last step to accelerating growth is the recommendations of quick wins or low hanging fruit that may be addressed immediately.