Destiny is a business simulator that imparts the experience of consumer marketing.
A key question for educators is how to speed up the process of learning?
Theory has limitations. You cannot learn to drive a car or pilot a fighter jet simply by reading the manual. You cannot master the discipline of marketing merely by attending lectures and reading textbooks.
We need experiential learning tools.
Combining theory with practice, the Destiny simulator imparts combat training for leaders in the battleground of consumer markets. They acquire the skills and strategic intuition required for taking crucial business decisions.
It is a multi-faceted learning experience where the emphasis is on marketing in the FMCG or consumer packaged goods sector. It encompasses elements of the Marketing mix and the retailing mix. The extensive use of analytics helps participants acquire the skills to read and interpret market intelligence. They experience Business Marketing with trade partners, and refine their Negotiation skills. The training also embraces critical aspects of Organization and Teamwork, as well as Financial Management and Operations Management.
Confronted with series of tough decisions requiring heavy doses of creativity, marketers rely on these all-encompassing, managerial skills to lead their business.
Destiny was developed by me because nothing comparable was available off the shelf.
Most so called simulators are toys or games that lack authenticity. And in the worst case scenario, these fake simulators imbue the wrong gut instincts!
Having spent decades immersed in data at Unilever and Nielsen, it was only too evident that the existing products offered impractical experiences, replicating neither market realities, nor the work practices of marketing professionals.
Destiny is different. It is an authentic FMCG market simulator. Not only does it accurately imitate the way consumers shop, it also replicates the reports and information that marketers use at leading consumer marketing firms.
Destiny runs on a virtual consumer panel of thousands of households. Where these households shop and what brands they purchase, over time periods spanning years, is simulated by marketing models that predict consumers’ response to the elements of the marketing mix and retailing mix.
The platform authentically simulates the buying behaviour of individual households, based on well-established market response frameworks and models that provide an understanding of:
As mentioned, the practical and theoretical foundation of Destiny is what sets it apart. The concepts, theories, market models and practices are detailed in the Marketing Analytics Practitioner’s Guide, as well as the MarketingMind website.
In the age of analytics, MarketingMind serves as a comprehensive guide to marketing management, covering underlying concepts and their application. Practice oriented, it fuses marketing concepts with the analytical tools that practitioners use, to impart an understanding of how to interpret and apply market intelligence.
Destiny is a collection of platforms:
These automated tools and interfaces are online, and configured such that face-to-face interaction is not a requirement for Destiny.
Favoured by consumer marketing practitioners, my platforms have generated a rapidly growing user base, and a strong fan base. I regularly get email and LinkedIn messages from practitioners, often senior managers from leading consumer marketing firms, as well as academics and students.
Attached here are snippets from a couple of marketing analytics programmes using Destiny, conducted some years back.
Among the most sought after electives the ratings hover around 4.4 to 4.8 on a 5 point scale.
To conclude, here’s a brief summary about me. I am the developer of Destiny, the author of the Marketing Analytics Practitioner’s Guide and the MarketingMind website.
My 26 years’ work experience in marketing and analytics spans across Nielsen and Hindustan Lever.
I have been teaching full time since 2009, and I am currently the Practice Associate Professor, at the NUS Business School.
Extensive combat training and experience is needed to develop the skills to succeed in the battleground of consumer markets. While the training is essential for marketers, it takes many years to acquire. At leading consumer goods manufacturing and retailing firms, only a handful of battle-hardened veterans get to take the strategic decisions that shape the future of their brands and banners.
From a learning standpoint, this begs the question, how can we speed up the process of developing future marketing leaders? Is it possible to train them the way fighter pilots are trained, employing combat simulators that authentically reflect the market realities?
Destiny© was developed in response to these questions. By replicating consumer behaviours, this highly advanced FMCG (CPG) business simulator offers a holistic learning experience for marketers. Pitted against one another, participants learn to implement effective marketing and business strategies, and develop an understanding of what drives store choice and brand choice. They become proficient in the use of market knowledge and financial data for day-to-day business decisions, acquire a deeper understanding of supplier-retailer relationships, and refine their negotiation skills.
Destiny© is aptly intertwined with the developer’s eGuide “Marketing Analytics: A Practitioner’s Guide to Marketing Analytics and Research Methods” to provide a holistic learning experience, that beautifully combines theory with practice. Participants learn practitioner’s tools and techniques, and get to use them in a competitive setting that resembles the real world.
Destiny© is used extensively in practice-oriented programmes in marketing, for executive education as well as for Executive MBA, MBA, BBA and Business Analytics curriculums. It supports a friendly, web-based user interface that makes it conducive for online training programmes, eliminating the need for participants to travel to brick-and-mortar venues, thus saving individuals and corporations, considerable time and cost.
For practitioners and Executive MBA students, the training is often conducted over an intense 3–5 day marketing workshop where the simulation exercise is interspersed with short lectures and case studies. Otherwise, for courses that span the full university term, the simulation is conducted over 6 to 8 weeks.
As it ventures into the e-learning space, Destiny© affords tremendous potential as an accessible, inexpensive, self-learning tool that can benefit a much wider base of students. A finely-tuned, single-category version of Destiny©, allows individuals to compete against virtual teams, i.e. the computer. Practitioners, consultants, marketing professionals and business students, across the globe, may use it to hone their skills and enhance their knowledge of marketing.
Destiny originated in the early 1990s as a market research tool to analyse, forecast and simulate the buying behaviour of consumer panellists. Then called the Brand Health Monitor, it was used mainly to diagnose brand health and investigate business issues. Since its inception it has been continually refined and enhanced to mirror advances in marketing theory and market research.
In its current form as an experiential learning programme, Destiny runs on a virtual consumer panel of a few thousand households. Where these households shop and what brands they purchase over a period of three years is simulated based on marketing models that predict consumers’ response to the elements of the marketing mix. These market models are based on well-established analytics and research concepts that are widely deployed in marketing. They provide us with an understanding of what drives store choice and brand choice, what triggers brand/store switching, how advertising channels brands/banners into consumer repertoires and how consumers respond to different types of promotions and incentives.
Stemming from its foundation as a tool for diagnosing brand health, Destiny is rich in marketing analytics and research. It supports over a hundred variables ranging from commonly used market measures like share, stock, and measures for advertising and brand image/profile, to buying behaviour measures like brand loyalty, consumption and penetration, and relatively advance analytic techniques including gain-loss and share forecasting tools. The data granularity is weekly, and may be analysed via market response models.
The advanced consumer analytics platform, supported via an interactive, friendly interface, is one of the highlights that sets Destiny apart from other market simulators. The application and theory of the techniques is covered in the abovementioned practitioner’s guide, mainly in Chapter 7, Consumer Analytics and Consumer Panels as well as in Chapter 11, Product Validation and a number of case studies. These techniques are particularly useful in diagnosing business issues through mining consumer transactions.
While it attests to the scientific rigour and versatility of Destiny, the consumer analytics module is intended primarily for participants with knowledge of marketing analytics and research methods. Other participants work mostly with commonly used measures that are ported onto easy-to-use, web-based dashboards.
Since its inception as a teaching aid in 2004, Destiny has been extensively deployed for Executive MBA, MBA, BBA and Business Analytics curriculums, and corporate training programmes. As an interactive, competitive exercise that mirrors the real world, it generates enormous enthusiasm, and imparts marketing knowledge in an intuitive, experiential and memorable learning environment.