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Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Tuesday, July 11, 2023

Fashion and inclusivity

Where are we failing as individuals?

We often criticize men for perpetuating unrealistic beauty standards, but we must also acknowledge that, as women, we sometimes succumb to these unattainable (and unhealthy) ideals ourselves.

Don't hold back if someone dares to belittle your worth based on your appearance. Anyone who seeks to undermine your confidence is an adversary and doesn't deserve a place in your life. Of course, I'm not referring to friends who genuinely care about your well-being and support you in leading a healthier lifestyle by offering sound advice and setting a positive example.

However, starving your body to the point where any morsel of food makes you ill while failing to recognize anorexia or bulimia as serious disorders can be extremely dangerous. Placing excessive emphasis on maintaining an alarmingly low body weight indicates a lack of depth and substance and the possibility that you may be incapable of engaging in meaningful conversations that capture people's attention for more than a fleeting moment unless they have something to gawk at. It's crucial to exercise your mind as well. Explore interests beyond yourself and discover something that truly captivates you.

Remember, time spares no one, and gravity can be unforgiving. Regardless of how many cosmetic treatments you undergo, the effects of aging will inevitably show. When that day comes, if the sole aspect you value about yourself is your physical appearance, you may find yourself adrift. Don't let that happen. Stay grounded, maintain your sanity, and be kind to yourself. 

Beauty standards be damned.

A brand turnaround

In my MBA Marketing class many years ago, I composed a compelling case study highlighting the necessity for inclusive representation of all body types within renowned brands such as Victoria's Secret, which held the majority share of the U.S. women’s underwear market. I argued that embracing models with average body types would resonate with a broader audience. It would also make better business sense to cater to a highly untapped market. It was not about a man’s fantasy of what a woman should be but what women want to become and are comfortable with. I projected some numbers in a few colorful bar charts and pie charts that would add to the profit margin. I wanted that A+. But I also believed in that argument.



That era of the Victoria's Secret Angels, with their exaggerated Barbie-like physiques and objectifying allure, has ended in recent years. Their iconic wings, adorned with dazzling rhinestones and feathers weighing up to 30 pounds, now lie dormant in storage. The opulent "Fantasy Bra," adorned with genuine diamonds and precious gems, is no longer a centerpiece of their offerings.

Even though I was a fan of the fashion show, it clearly lacked diversity and inclusivity. Victoria's Secret had long perpetuated a specific stereotype by adhering to a predetermined and narrowly accepted portrayal of femininity. However, as the company was at odds with the evolving cultural landscape, facing heightened competition and internal challenges, its chief executive expressed its ambition to become a prominent global "advocate" for female empowerment.

Why it makes more business sense for brands to be inclusive

Integrating inclusivity into a fashion brand may require considerable effort, but the rewards are undoubtedly worth it. Today's customers are actively seeking out brands that embrace diversity and inclusion. By cultivating an inclusive brand, you not only enhance your reputation as a socially responsible company but also demonstrate your commitment to catering to the needs and desires of your valued customers.

Fashion extends beyond mere trends; it serves as a means of self-expression, allowing individuals to communicate their ideas and showcase their unique personalities. In our diverse world, filled with people of varying abilities, we must create fashion that is both functional and universally accessible—an embodiment of inclusive design.

By embracing the principles of inclusive fashion, you can ensure that your garments cater to a wide range of individuals, accommodating their differing needs, abilities, and preferences. This approach allows you to celebrate the beauty of diversity while ensuring that everyone can partake in the joy of fashion, regardless of their unique circumstances.

When you prioritize inclusivity in your brand, you create a more welcoming and accepting space for all individuals. By offering inclusive options, you empower people to express themselves authentically, fostering a sense of belonging and self-confidence. In doing so, you not only cater to the diverse needs of your customers but also foster a deeper connection with them, establishing your brand as a trusted ally on their journey of self-expression.



Thursday, June 12, 2014

Trade show 101

  1. Prepare your pitch, but make it more conversational. Ask questions. Get to know your potential clients.
  2. Get a business card scanner app. You don't want to be buried in information and lose contacts. It is also easier to connect on LinkedIn later.
  3. Have an appointment schedule if you are also setting up meetings with people from other departments.
  4. Have your devices handy, but don't forget old pen and paper. Quick Notes is not as quick as quick notes.
  5. Ask advice from someone who has done it before. They always have something valuable to add.
  6. Don't forget your camera.
  7. Never, never, never wear heels.

How can you tell a noob from an expert in a trade show? Look at the shoes. More comfortable they look, more experienced they are.  They don't need to walk for years to reach the restroom and miss a prospect in the process.

Good luck.

Tuesday, September 24, 2013

Smartphone Wars

I am no conspiracy theorist but consider the following figures of Nokia's Market Cap over the last 5 years, in the context of Microsoft's acquisition of Nokia's phone and services business .

Source: Ycharts.com

Even on Sept 25, 2008 Nokia's Market Capitalzation was 76.86B. Today, Sept 24, 2013, it is 24.87 B.

Was Stephen Elop, the CEO of Nokia (since Sept 2010; he worked for Microsoft as the head of the Business Division from January 2008 to September 2010. He will be joining Microsoft again as an Executive Vice President) a Trojan Horse, planted to devalue the company and prepare it for acquisition by Microsoft? Was he someone the board of directors anointed to help them sell the firm in bits?

Imagine you own a startup, which for practical reasons you can't continue to run anymore. (Competition, cost of doing business, other commitments). Subsequently, you decide to sell it with an initial asking price 10 million. But you get no buyers so you hire a consultant  to 'trim the fat'.  He/she suggests to close/get rid of some non-profitable businesses even if they are unique to your company. (In February 2011, Nokia announced that it would use Microsoft's Windows Phone OS as its primary Smartphone platform, and Symbian will become its franchise platform.) After the haircut and grooming, your company is ready to visit the marketplace. A wooer who was waiting immediately makes an offer of 6 million. You will take what you get. Only for Nokia, it is billions of dollars less than it would have been even 5 years ago.

Elop will receive nearly €19 million (€4.2 million in salary and bonuses and €14.6 million worth of share price-linked bonuses) from the deal.

Sharing intellectual property rights between the two companies  was an impediment to developments in the past. Now, Microsoft can speed up the progress of Window phone devices, just in time when Apple is struggling to make even marginal improvements.

Everybody wins. No?

Unless the Nokia shareholders sue someone.