intercultural management - mba project
DESCRIPTION
Intercultural Management, Fashion, USA & INDIATRANSCRIPT
Fashion in India & USA- An Intercultural Comparative Study
2. To study the diversified culture of India & USA in terms of fashion
1. To study the largely dominating fashion categories in these countries –
Casual WearFormal WearTraditional Wear
3. To study the effects of culture on the Indian & USA fashion industry and market
4. To study the current fashion trends in the two countries
5. To study the cultural factors influencing these fashion trends
OBJECTIVES
Fashion in India originated in 5th millennium BC in the Indus Valley Civilization when cotton was kitted, woven and dyed
Presently, Indian Fashion Industry is worth USD 40 billion & is estimated to increase at the highest rate of 13% to USD 124 billion by 2020
India has youngest consuming population base with more than 60% population between 15-59 years
The diversified culture of this country leads to diversified fashion cultures
Majority of Fashion Followers as compared to Fashion Innovators, E.g.: Influence from Bollywood
Indian Fashion Culture
Indian Fashion Culture
Types of Clothing for Women: Saree (7 yards, 9 yards & different draping styles for different cultures), Ghagra Choli, Salwar Kameez, Chudidaar Kurta, Pants, Skirts, Tops, Dresses, Gowns, etc.
Types of Clothing for Men: Dhoti, Lungi, Kurta, Sherwani, Headgears (Turbans, Pheta, Mysore Pheta, Gandhi Cap & Rajasthani Pagari), Pants, T-Shirts & Shirts, Coats, Blazers, Suits, etc.
Strictly follow color codes, drapes, accessories, etc in clothing based on the religion and ritual concerned
In USA fashion originated since 1920’s with the showcase of fashion trends through Radio, Print and Billboard advertisements
The USA Fashion Industry is presently worth USD 225 billion & is estimated to increase at a rate of 4% to USD 316 billion by 2020
USA has a comparatively weaker consuming population base with only 42% population between 15-59 years
USA has generally followed fashion trends from the history in cycles and their changing trends largely depends on culture, region, venue, demographics, etc.
Number of Fashion Innovators are more than Fashion Followers
USA Fashion Culture
Types of Clothing for Women: Types of Clothing for Women: Pants, Skirts, Tops, Dresses, Gowns, etc.
Types of Clothing for Men: Pants, T-Shirts & Shirts, Coats, Blazers, Suits, etc.
Conditions in terms of color codes, drapes, accessories based on the traditions are also followed in USA but, not as stringently as in India, E.g.: Garments in black are worn for weddings & mourning
USA Fashion Culture
Major Fashion Segments:
CASUAL WEAR
FORMAL WEAR
TRADITIONAL WEAR
V/S
60-70% of youth population prefer wearing casuals regularly
30-40% of youth population prefer wearing casuals regularly
Major Target Age Group – 15-59 years
Major Target Age Group – 15-75 years
Average spending on casual wear (per person/per year) – Rs. 300.000 – 500.000
Average spending on casual wear (per person/per year) – USD 7,500 – 8,000
Major Cities/States following this trend – Tier 1 metros (Mumbai, New Delhi, Bangalore, Kolkata, Chennai, etc.)
Major Cities/States following this trend – Tier 1 metros (NYC, Los Angeles, Chicago, Washington, San Francisco, Boston)
CASUAL WEAR - Statistical Comparisons
V/S
Cultural barriers leads to women majorly wearing clothes that are not revealing whereas men wearing basic denims/shorts & T-Shirts
CASUAL WEAR - Cultural Comparisons
Liberal Culture leads to women & men wearing clothes of their choice and experimenting with their styles
Colors like bright red, pink, blue are preferred in casuals
Largely pastel shades or subtle hues are preferred
E.g.: Tommy Hilfiger launches the classic American style collection with aesthetics matching the Indian culture like cuts, sizes, colors, etc
E.g.: Tommy Hilfiger launches the same classic American style collection with different aesthetics matching the culture of this country
V/S
CASUAL WEAR - Illustration
Major Fashion Segments:
CASUAL WEAR
FORMAL WEAR
TRADITIONAL WEAR
V/S
50-60% of working population prefer western/traditional formal wear regularly to work
75-80% of working population prefer western formal wear regularly to work
Major Target Age Group – 21-80 years
Major Target Age Group – 21-80 years
Average spending on casual wear (per person/per year) – Rs. 350.000 – 600.000
Average spending on casual wear (per person/per year) – USD 8.500 – 9.000
Major Cities/States following this trend – Tier 1 metros (Mumbai, New Delhi, Bangalore, Kolkata, Chennai, etc.)
Major Cities/States following this trend – Tier 1 metros (NYC, Los Angeles, Chicago, Washington, San Francisco, Boston)
FORMAL WEAR - Statistical Comparisons
V/S
Majority of women are apprehensive about wearing western formal wear because of the social stigma
FROMAL WEAR - Cultural Comparisons
The society is unruffled by the style that women adapt in their formal wear
Stripes, checks, sheer tops of bright colors with full/half/3/4th sleeves with trousers are preferred in western whereas Kurta & Chudidaars are preferred in Traditional Formal Wear
Solid Pastel Shades with full sleeves or sleeveless with trousers/skirt, dresses & Blazers are preferred
E.g.: Park Avenue launches the merchandise mix that is suitable to the Indian Market Demands
E.g.: Whereas, Park Avenue launches merchandise mix that is suitable to the Market Demands of this country
V/S
FORMAL WEAR - Illustration
Major Fashion Segments:
CASUAL WEAR
FORMAL WEAR
TRADITIONAL WEAR
V/S
85-95% of population prefer traditional wear for festivals / weddings
90-95% of population prefer traditional wear for festivals / weddings
Major Target Age Group – 18-80 years
Major Target Age Group – 10-80 years
Average spending on casual wear (per person/per year) – Rs. 100.000 – 200.000
Average spending on casual wear (per person/per year) – USD 3.500 – 5.500
Major Cities/States following this trend – Tier 1, 2 & 3 Metros (Mumbai, New Delhi, Bangalore, Kolkata, Chennai, Rajasthan, Gujarat, other interiors, etc.)
Major Cities/States following this trend – Tier 1,2 & 3 Metros (NYC, Los Angeles, Chicago, Washington, San Francisco, Boston, Miami, Houston, Dallas, Atlanta, Detroit, Seattle,)
TRADITIONAL WEAR - Statistical Comparisons
V/S
There are varied cultures and hence numerous festivals throughout the year increasing the demand for festive wear.
The demand for festive wear is high only at commonly celebrated popular festivals
Colors & Patterns of Festive wear is selected based on the religion & region
Colors & Patterns are selected based on the mood n feel of the festival
E.g.: Largely Indian Brands are preferred as they exactly understand & cater to these demands
E.g.: Any brand can cater to this market – Zara, Only, Mango, Calvin Klein, Esprit, FCUK, Versace, Louis Vuitton, Gucci, Prada, Burberry, etc.
TRADITIONAL WEAR - Cultural Comparisons
TRADITIONAL FESTIVE WEAR – Illustration
TRADITIONAL FESTIVE WEAR – Illustration
V/S
TRADITIONAL WEAR – Wedding Culture
More of Individual Style, making Own style statement
Reluctant to follow the what other our doings
Individualism VS Collectivism - Theory
Individualism
Blindly follow the trend, hard to make own style. Especially from Movies
Very comfortable to do what others are doing
Collectivism
My Understandings
Both the countries are very different in the approach of adopting the Fashion with respect of their cultures
Well defined market structure for fashion in both the countries.
Since both the countries have very diverse culture Fashion varies throughout the country
Indian Couture Fashion Week
http://youtu.be/QQaeb-f5Quc
Please follow the link
New York Fashion Week
http://youtu.be/viqjhCGarH4
Please follow the link
http://en.wikipedia.org/wiki/Clothing_in_India#Contemporary_clothing
http://travel.cnn.com/mumbai/shop/citypulse/india-fashion-pour-homme-300832
https://www.google.co.in/#psj=1&q=origin+of+fashion+in+usa
http://www.shmoop.com/history-american-fashion/
http://en.wikipedia.org/wiki/History_of_fashion_design
http://ushistory101.weebly.com/us-fashion.html
http://apparel.edgl.com/case-studies/How-Does-the-Global-Economic-Crisis-Affect-Textile,-Apparel-Sourcing-86371
http://articles.economictimes.indiatimes.com/2012-10-10/news/34363404_1_apparel-exports-textile-and-apparel-cent-of-world-trade
Reference Links