On a day when all the Indian general news channels unanimously chose to discuss and debate during their primetime on the Indian Premier League controversies that happened over the last one week there was one another topic which was also closely watched and covered by the business media around the world including Indian business news channels… yeah, it was the much awaited facebook’s IPO on NASDAQ stock exchange. From what was touted to be the biggest IPO ever to the most controversial cricketing entertainment both made my greycells to tick. Sat down for an hour to make a comparison on the two most watched events of the day. And here are my views on these two Big brands and their stand as on today !
Disclaimer: I am neither a serious facebooker nor a serious IPL fan, neither I hold business/financial interests in either of these brands. But I admire/use/watch/follow both these brands just like any other person. These are just my personal views as I see it from their early days till today.
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Indian Premier League (IPL) |
| The motive for starting facebook was just to connect people with each other and there was no business intention behind this idea until a few years back and it was started by few tech geeks . | Realising the business potential of the game of cricket had in a cricket mad nation like India, the idea of IPL was formulated to the ‘T’ behind the well guarded boardrooms by people who wanted to monetise the madness and make quick money |
| In a span of 7-8 years, went on to make history for the sheer number of users who cut across boundaries, language, culture etc. A classic example of living to the goal set forth..connecting people. | Made the common cricket fan who all the while support ‘Team India’ to support his home franchise. I learnt India is a classic example for Unity in Diversity in my school history classes that reflected when we supported Team India but what IPL has done to/taught/is teaching Indians? |
| Known in the public during its early years for the infamous CEO and his lack of business & PR skills, but in the last couple of years known for the metamorphed CEO who had lead from front the biggest media exercise – marching to IPO . | From the formation known for the glitterati, rave parties, cheergirls, bollywood and list is endless. All of this was epitomised with the exit of the founder commissioner. Last couple of years without the founder, known for mismanagement, open spats between franchises, controversies etc. |
| The founder and idea owner still holds the mantle here and he has a the final word in all the major decisions. Also he leads from the front even after the negative publicity because of the movie based on fb. | The founder and idea owner lives in exile for fear of security and arrest in his home country. He was not able to sustain his position after he had conflicts with the powerful group inside the organisation he conceived and was part of. |
But one common denominator for both brands is the big ‘A’ word… Advertising. Both platforms are used for advertising and that is the major source of revenue for both the brands.
Posted by keepkwizing