Divakaran, Raghvendra, Shagun OBSERVATIONS Values Lifestyle • Indulgence vs Restraint: LOW on Restraint • Rising income increasing affordability • Self-confident urban consumers of products • Uncertainty avoidance index: LOW • Preference for English education • Individualism vs Collectivism: HIGH on • Technical competence was a must for individualism urban youth • Since uncertainty avoidance was Low, people were willing to try new career paths & organizations • Growing nuclear families • Influence of the west: increase in personal grooming, more women employed, more people having jobs in MNCs OBSERVATIONS CONTD. Groups Earnings (in Rs.) No. of Households Type of people
Deprived <90,000 103 million Subsistence farmers, unskilled
labourer Aspirers 90,000-200,000 91.3 million Small scale shopkeepers, farmers or industrial workers Seekers 200,000-500,000 11 million Young college graduates, government employees at intermediate levels & owners of small-medium sized businesses Strivers 500,000-1,000,000 2.5 million Developing into India’s huge middle class: senior government employees, owners/managers of large businesses, professionals & wealthy farmers Global Indians >1,000,000 >1 million Major spending force: senior executives in large corporations, owners of large businesses, politicians & rich farmers CULTURAL VALUES ACROSS SOCIAL CLASSES VALUES MIDDLE CLASS/TRADITIONAL UPPER/CONTEMPORARY Practices Restrained, traditional practices Looked for material success and satisfying their desires Technology Dependence Low to medium High, especially for urban youth Preference for English Becoming increasingly important Common factor Spending Pattern Focused in saving their money Look for value and ready to pay extra for it Conservatism Still Prevalent Gradually being replaced by openness Occupational Changes Migration to cities and moving Multinational Corporations beyond conventional forms of livelihood Social Life Affiliation and social acceptance Seeks individuality IMPLICATIONS OF VALUE DIFFERENCES ON PRODUCT CATEGORIES •There is a direct impact of value differences on the purchasing behaviour of a consumer in each product category. •In each product category also, there are value differences within the consumer class. •For example, within fairness cream category, upper class customers value gifting their friends whenever they visit their home; which is not the dominant value identification among the middle class consumers. Hence this value will affect their purchasing behaviour. •Also, when we compare the values associated with each product category, then we can see that in middle class consumers, dominant value identifications does not vary much; whereas it is completely different for upper class consumers. •Hence the value differences on product categories play a more pronounced role in the purchasing behaviour of the upper class as compared to the middle class. •In upper class, a person might buy hair oil only if it is useful to him, whereas he might purchase a fairness cream just because it is a newly launched product in the market. Whereas in middle class, due to conservatism, the variation in values no very high among different products. However, the values associated with each product will determine their purchasing behaviour. BRAND COMMUNICATION OF HAIR OIL Existing cultural • Hair oil gives nourishment, strengthening and revitalizes the hair values • General shift toward branded hair oil products
• Shiny and nourished hair makes one look gorgeous
Cultural values • Real beauty does not have to dress up induced • Massaging hair with oil prior to washing gives nourishment • Healthy hair fosters a healthy lifestyle
Conclusion The hair oil brands are introducing new cultural values (gorgeousness and lifestyle) among its consumers