Company : Smithkline Beecham
Agency : Enterprise Nexus
Iodex is a classic example of a generic brand being dumped by consumers because it did not change with changing consumer expectation. Another classic case of marketing Myop
ia. A brand which once commanded 70% market share is now languishing at 20%. Moov have moved Iodex from the first place.How can this happen to a brand owned by a gaint like Glaxo commanding a market share in excess of 50% suddenly become a laggard?
Iodex like Chetak, Robin, did not change with times rather these brands were resistant to change. May be blinded by the success of the brand, the managers did not care what a smaller company named Paras was doing.In the 400 crore pain and rub market, Iodex have left the position of a leader to a follower. David have humbled a Goliath.
Iodex although a quality product had certain shortcomings
1. Greasy
2. Bad smell
3. Unattractive packaging
Moov looked at that shortcomings and projected itself as a product which is white, nice smelling and no greasy. Iodex could have retaliated with a white version but did that only after the battle is over. Too late.
Iodex have a great legacy, a history of 86 years but all lost because company thought about themselves as invincible. The campaigns were good and the brand was accepted by the consumers.But that never means that customers will stay with you for life.
Iodex have a great legacy, a history of 86 years but all lost because company thought about themselves as invincible. The campaigns were good and the brand was accepted by the consumers.But that never means that customers will stay with you for life.
ooh aah ouch...
this is not the iodex of old. this is a knock off and doesnt even contain the same thing as the original which is still availabe and works like a charm.
ReplyDeleteIt would be impossible to manufacture a white non-smelly version of Iodex, since it contains almost 5% of pure Iodine. Iodine is very dark brown and smelly. Rumors of its demise are greatly exagerated. I just purchased a bottle of the original formula about 2 days ago.
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