Asst Prof, HOD, Fashion marketing and Management dept. NI I FT,Mohali. Ph. 9316443030 With globalization, culture and values are becoming an important aspect of strategic planning in marketing of a product that needs to be managed. But cultural diversity could be seen differently for different products. As culture and values vary country to country, a close look about country-specific culture and core values is almost essential for creating value oriented products in any market.
In the market place, it is almost true that products are viewed what consumer wants to perceive them in relation to their day to day life. it is based upon its abilities to satisfy needs on which culture and values have a great impact.
India, as a country, is so diverse in nature that it becomes intricate for a marketer to identify common threads of Indian culture and core values. The role of Indian women has changed a lot right from sati pratha, purdah system etc to a modern women who is seen working neck to neck with male folks.
1. How gender affects marketing strategies. 2. Need to understand the changing role of women in marketing. METHODOLOGY- Analysis of various parameters for understanding female audience through case studies. Primary and secondary data was used to support the parameters under consideration. The study intends to find out the changing role of women and its impact on marketers strategy for selling their product.
Today's woman is Independent, forward-thinking and tech-savvy. More than that , shes the one who knows exactly which brands and products best suit her and her family. Shes the boss at home and at work, and cant be easily flattered or fooled. Especially as consumers, women will make India 12% richer by 2015 and 25% richer by 2025, according to a report commissioned by PE Everstone Capital? Marketing, media and advertising experts, can thus attempt to understand key consumer behavioural patterns of Indian women; along with how brands are communicating with her today. While targeting their segment, marketers must understand the difference between men and women as they respond differently to different products.. Sixty years ago men and women role were defined -where men was the bread earner and women were supposed to be more caring member of society just concerned with taking care of their families. They were governed by communal goals. Since 1950s women have adopted more competitive ,agentic attidudes as they adapt to traditionally male dominated work environmets. There are FIVE KEY TRAITS OF THE INDIAN WOMAN CONSUMER- 1. She knows what she wants, and ensures shes heard. 2. She is financially independent, wants to be seen as equal to men. 3. Family comes first, but she also wants to spend on herself. 4. She prefers customizing to suit her personal needs. 5. She has obstacle needs.
The Futures Company, a global strategic insight and innovation consultancy, in a comprehensive study titled Women 2020 on how womens actions and expectations will shape the future, notes a few interesting recommendations for brands in order to reach out to women better. It says that brands need to be smart about how men are portrayed in communications to avoid alienating women and they also need to find new identities for men as their traditional roles are eroded. Noticing how women the world-over are active on social media, the study also pointed out that they need to be given a reason to be a part of their private spaces for conversations in the online world and their use of social gaming can be leveraged to develop new ways for them to play, learn and interact.
To promote its Malai Kesar cold cream in the villages of Uttar Pradesh, Emami launched a unique initiative. They sent out AV vans equipped with free stocks and reading material about the product, to organize games and quizzes about traditional skin-care and home remedies within these villages, to draw curious men and women. Similarly, we also do weekly bazaars at rural haats, which are very popular, explains Priti Sureka, Director, Emami Limited.
Parent Company : Emami Category: Skin care Sector: FMCG Tagline/ Slogan: Khulke khelo USP: An ingredient driven brand which provides the goodness of time-tested natural ingredients malai and kesar Segment: Cold creams Target Group: Urban middle class Women who are looking for natural ways to protect their skin Positioning: Special formulation for Winter protection along with glowing fairness.
Hasmukhrai ,Co's 80 year old brand Society Tea released three ad films that repositions the brand in an attempt to gain greater engagement among younger women and the young housewife. Conceptualized by Flagship Advertising and produced by Magic Hour Films, the films showcase the lives of 'Women For Society', or women who can be role models for the society as a whole. The films feature women from different walks of life, who excel at multi-tasking, follow creative pursuits and are drinkers of Society Tea. A film featuring Gayathri Govind begins as a black and white film and shows her performing the Indian classical dance of Bharatnatyam. Another film features Purva Naresh, a writer, director, musician and teacher, besides being a Society Tea lover. Simrit Malhi, a permaculture specialist and green crusader, is shown gardening on her terrace and then enjoying her cup of Society Tea.
For a brand like TTK Prestige, that has been in the Indian kitchen appliance scene for decades, a key understanding of its target audience is that they contribute to the home in more ways than one. Women want to be treated as equals increasingly, says Chandru Kalro, COO, TTK Prestige. She is educated and more aware that her predecessors 10 to 15 years ago. We ensure that our campaigns reflect and communicate these values.
The brand launched a new ad campaign, that too has relied mostly on ground activations giving importance to home- makers, especially during festivals. In Andhra, around Sankranti, we visited villages and ran cooking contests using our appliances, says Chandru Kalro, CCO, TTK Prestige. We organised a similar contest in the north of UP, along with a session on how to maintain your kitchen better.
Lakme is an ally to the Indian Woman and inspires her to express her unique beauty and sensuality. Thus, enabling her to realize the potency of her beauty. Lakme was the country's first cosmetic brand to introduce make up to Indian women and takes pride in being the expert on Indian Beauty for over 50 years It is a complete beauty brand spanning colour cosmetics & skin care and extending to beauty services through the network of Lakme Beauty Salons. Its bond with beauty and fashion is manifested through the Lakme Fashion Week, which is now the largest fashion event of its kind in the country.
Thus around the globe more companies are realizing the growing need of creating marketing strategies around women as they have started over-powering the men in various aspects. Another reason for this is that women have gained increasing access to tertiary education , higher paid jobs and disposable incomes so producers and marketers have started noticing the changing needs of women. Women are more confident about their personal finances so they are taking up multifaceted roles. Consulting firm A.T Kearney estimated that women determines 80% of consumption purchases ,60% of cars and own 40% of all stocks. Companies worldwide are caught in a fix as marketers are driven by women nowadays.eg. General motors introduced female friendly feature like electric hatch back forits SRX model Cadillac it was able to inrease its female buyers from 40% to 54%. Consumer behaviour-Hayden Noel Changing Indian Society and Status of Women- Globus Press http://www.hul.co.in/ http://www.impactonnet.com http://www.campaignindia.in/
The Impact of Sustainability (Environmental, Social, and Governance) Disclosure and Board Diversity On Firm Value - The Moderating Role of Industry Sensitivity