Understanding young minds with ‘Generation Einstein’

15 May,2012

Jeroen Boschma with young minds on the panel ahead of the release of ‘Generation Einstein’

 

By A Correspondent

 

It was youth power in all earnest as Bindass launched the India edition of ‘Generation Einstein’ on Monday evening at Mumbai’s tony Tote on the Turf. The book is co-authored by Bindass along with well-known international author and speaker Jeroen Boschma.

 

The book describes the new generation, ‘Generation Einstein’ that was born during the last decade of the previous century. It also stresses upon the significance of the youth as an important part of the market and how fast the new generation understands the world better than anyone else. The book attempts to decode this generation and help marketers reach out to them.

 

At the event, Mr Boschma spoke about how today’s generation is completely different from the previous generations. He was of the view that unlike the youth of previous generations which lived in a world of their own, the youth of this generation are very much in this world as they understand brands and marketers better: “Strong brands worldwide are brands that believe in what they do and youngsters who connect with these brands are madly in love with them.” (see interview: It’s not about co-creation, but increation: Boschma)

 

Jeroen Boschma (centre) with Samyak Chakrabarty (to his right) and Arjun Paul Vednayagam

 

The Indian edition of Generation Einstein is authored by Samyak Chakrabarty and Arjun Paul Vednayagam. “The aim of the book is to open the mind of brand managers, and to stop defining the youth, as it is not possible to define them. It is all about making interesting campaigns and allowing the youth to decide the fate of the brand,” said Mr Chakrabarty.

 

The objective of the study conducted for the book is said to be about understanding the thought process of a young consumer, the factors that influence the youth to build their brand preferences, how they come to their final choice, and then using this knowledge to effectively engage the youth.

 

“Every brand today has fanatic fans. Marketing is nothing like what it was before. If you want to communicate with this generation, forget what you have learnt. This generation understands that advertising is about lying. Generation Einstein says that the future of marketing is to find the purpose of their life and we need to find out how to be part of their life,” Mr Boschma added.

 

In a panel discussion, moderated by Mr Boschma, the panellists, including college going teens, spoke about their favourite brands and the factors that influenced their buying decisions.

 

Mudit Ganguli, a student from JaiHind College, Mumbai said that his favourite brand is Blackberry because it is cheap and convenient to use, it has versatile features, helps him get regular updates and allows him to communicate easily. Another reason why he preferred a Blackberry is because of good advertisement.

 

Mohini Mukherjee, also a Jai Hind student said her favourite brand is ‘Bingo Chips’, primarily because of good advertisements, but also due to no celebrity involvement, funny advertisements, and good quantity of chips.

 

Another student said that Twitter was her favourite brand because it helps her express her feelings, provides instant updates, and allows her to follow her favourite celebrities.

 

One of the students talked about the reasons he trusted ‘Nike’ as a brand – good advertisements, the quality the brand offers, and the ‘Just do it attitude’ that it displays. He also spoke about how the brand is empowering the youth. He said that brands need to go back to delivering quality products and not try to create a product for everyone and eventually reaching no one.

 

In conversation with MxMIndia, Samyak Chakrabarty spoke about his marketing plans for the India Edition of ‘Generation Einstein and his learnings from the study: “We would like to put this into the curriculum of mass media courses where the next generation marketers can learn about how to engage the youth. We plan to take Jeroen Boschma to colleges and deliver lectures and, of course, the book is available online for Rs200. The biggest learning we have had is that in order to understand and engage the youth, one has to keep his mind open and the fact that brands cannot define or assume or presume about the youth today.”

 

The event was organized in association with MxMIndia.

 

Photograph: Fotocorp

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