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Boldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer

Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

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Page 1: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Boldness in Business “In Brands We Trust”

Karan Bilimoria

Founder and Chairman Cobra Beer

Page 2: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Fortis Fortuna Adiuvat

Fortune Favours the Brave

-- Terence, Phormio

Page 3: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Professor Clay Christensen

Harvard Business School

Page 4: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Aspiration Inspiration

Perspiration

Page 5: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Simple

Page 6: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Guts

Page 7: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Against All Odds

Page 8: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Against the Grain

Page 9: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Porter’s Five Forces Analysis

Industry Rival

Threat of new entrants

Threat of substitute

products/services

Bargaining power of buyers

Bargaining power of suppliers

Page 10: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

The Credibility Gap

Page 11: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

L:a Lager as a percentage of total UK beer Sales

Page 12: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Indian Restaurant Sector

Page 13: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Strategy

Page 14: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Blue Ocean Strategy

Page 15: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Breakthrough Strategy

Page 16: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Recipe

Malted Barley + Yeast + Water + Hops = German Lager

However, for Cobra’s extra smooth taste and texture, we also have four types of hops – as well as maize, rice

and wheat

Page 17: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Luck

Page 18: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

The Eight P’s

5. People

6. Phinance

7. Passion

8. Profit

1. Product

2. Price

3. Place

4. Promotion

The 8 P’s

Page 19: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Boldness and Creativity

Page 20: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Boldness and Innovation

Page 21: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Boldness and Advertising

Page 22: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

3. CHARMING BEER

2. LEARNING LESSONS IN LAGER

1. THE GENERAL’S SON

4. AGAINST ALL ODDS

6. AROUND THE WORLD 5. FROM BANGALORE

TO BEDFORD

Repackaging

Page 23: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat
Page 24: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat
Page 25: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Indian Political Party Symbols

Page 26: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Bidis

Page 27: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

What’s in a Name?

Page 28: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Repositioning of a Brand

Page 29: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Rebranding

Evolution not Revolution

Page 30: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

29

Evolving Our Image & Packaging

Page 31: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat
Page 32: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Not just being the best in the world

But also the best

for the world

Page 33: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

It’s not just what you do

It’s how you do it!

Page 34: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Cobra’s Own Charity

Page 35: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Cobra Foundation – BELU Water

Working with Water Aid to provide safe, clean water in

South Asia

Page 36: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat
Page 37: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Brands and Politics Obama

Page 38: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Brands and Politics New Labour

The rebranding of the Labour Party was a sensitive issue

Page 39: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

The City as a Brand

Page 40: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat
Page 41: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

What Makes an Extraordinary Brand?

Page 42: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

"It is not slickness, polish, uniqueness, or cleverness

that makes a brand a brand. It is truth."

Harry Beckwith - Brand

Strategy ‘Guru’

1 … tell a compelling story based on an undeniable brand

truth

Page 43: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

“Customers must recognise that you stand

for something and that something never changes."

Howard Schultz -

Starbucks

2 … live by and refuse to compromise on

their principles

Page 44: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

“In most people’s vocabularies, design means

veneer … but to me, nothing could be further from the

meaning of design. Design is the fundamental soul of any

man-made creation."

Steve Jobs

3 … have an instantly recognisable iconic

look

Page 45: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

“A brand is a living entity – and it is enriched or

undermined cumulatively over time, the product of a

thousand small gestures."

Michael Eisner – CEO Disney

4 … deliver a unique, relevant,

consistent experience

Page 46: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

“Companies can boost profits by 75-100% by

retaining as few as 5% of their current customers."

Harvard Business Review – Sept ‘01

5 … that inspire people to become

loyal brand champions

Page 47: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

“Companies that put their money behind their brand and not their business fail

to realise that the business is the brand."

- John Moore, “Brand

Medic”

6 … that deliver enduring,

extraordinary profits

Page 48: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat
Page 49: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Boldness to Adapt or Die

Page 50: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

The “Sale”

Page 51: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

The Joint Venture

Page 52: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Shared Values

Page 53: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Growth of Lager

Page 54: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

The sky is the limit

“To Aspire and Achieve Against All Odds,

with Integrity”

Vision

Page 55: Boldness in Business - Cambridge Judge Business School · PDF fileBoldness in Business “In Brands We Trust” Karan Bilimoria Founder and Chairman Cobra Beer. Fortis Fortuna Adiuvat

Growth of Lager