June 08, 2008 (LBO) – Sri Lanka’s Leo Burnett Solutions has launched
an initiative called ‘humankind’ for the advertising agency’s
Asia-Pacific region network aimed at building brand preference and
changing consumer behavior, a top official said. In the absence of brand preference, price reduction is the only
option, Chairman of Leo Burnett South Asia, Arvind Sharma, said.
“If you don’t have preference the only option you have is to keep
reducing your price,” he told a news conference.
“On the other hand, if their brands connect with people and build
preferences, then clients will have a highly profitable business.
“To increase sales you have to improve the quality of branding,” Sharma said.
Sharma and the company’s Asia-Pacific head Michelle Kristula-Green
were in Sri Lanka to attend ‘Camp Leo’, a two-day training programme
where the new philosophy is to be officially launched.
Over 50 participants from Leo Burnett branches in South Asia have
arrived in the island for the programme, the company said.
Leo Burnett says the marketing landscape has changed over the years
and brands have to be able to define their purpose to be successful.
“Brands are no longer getting created through one way communication