Reputeka: crowdfunding the Italian handcraft in the US

 

Artisan    *teladoiofirenze.it

Would you like to buy some original Italian handcraft products in the US?
Now it is possible thanks to the new platform just launched: Reputeka.

The first Italian handicraft online platform opens up to crowdfunding, expanding into the US market, and testing also Eastern Asian countries (Japan, Hong Kong and Taiwan). Nowadays there are 300 artisans involved in the project, with 3000 unique products with a stock value of 2 millions Euros (60% of it sold throughout Europe).

On October 23rd, an international crowdfunding campaign will be launched to finance the opening of temporary showcase stores in New York, Miami and California. The headquarters of the new funded company, in joint venture with and American company importing food, are in San Francisco and the merchandise stock in New York.

The success lies on being economically sustainable: no fees are asked to artisans, the only aim to promote their activities and unique products in highly demanding markets (Italian handicrafts are renowned worldwide) and enhance the visibility of the young handicrafts with no resources. In this way, it is given an incentive not to abandon this profession, that is almost disappearing in todays technological world and has no appeal to young people.

Good luck with your success Reputeka!

 

 

 

 

 

The world within the word Intercultural

UnknownIn today’s globalization era, intercultural knowledge has become more and more important for people and businesses and the word “international” (which means across nations) is used abundantly in everyday life.

What is culture? Defining it may not be simple, as it is a complex, ambiguous and vast concept.  However, an example will make it clearer. During my International Business Management class the professor made an experiment: he showed the class an image representing a single fish, alone, on a side, going the opposite direction of a herd of fishes, moving together; he wanted us to tell him what those fishes represented according to our view. Well, the result has been the following: students from western cultures (me included) maintained that the alone fish was individualist, independent and self centered as Western cultures and that the group fish may represent Asian cultures, more collectivist and group thinking oriented. The funny thing was that even that perception was influenced by culture because for Asians that image meant that the alone fish had been purposively excluded by the group because did not meet the requisites. This is a simple example that shows the intrinsic and pervasive nature of culture.

So, why did I choose to study International Management?
Since I was a child I have always had much curiosity towards cultures. I am half Italian (born and raised in Italy) and half Spanish (on my mother’s side), so I have grown up absorbing two different (despite similar) cultures at home. After a Summer language course in Scotland, I decided that I wanted to spend my 12th grade abroad in a high school in the USA. This is how I came to know Intercultura, a no-profit entity that arranges exchange school programs for high school students throughout the world; it’s affiliated to AFS Interctural Programs. It has been the best year of my life, I was able to establish bound relationships to both Americans (local) and other exchange students from all over the world. It truly positively changed my life, letting me more conscious of our world, of cultures, of manners and ways of interacting with different people.
Later, during my bachelor degree I decided to apply for the European Erasmus program that allows you to study in a university within the EU and went to Spain: I wanted to live there for 6 months in order to awaken and feel my Spanish side. Now, I am abroad again, in Vancouver, Canada, to finish up my master in International Management. Every path we choose is determined by our past experiences of course and the reason why I chose to master in International Management is because it makes a perfect combination of cultures and businesses, it helps firms and multinational to successfully establish in a new country taking into consideration all the risks involved. I would love to consult for a company that needs to internationalize from a strategic, financial and cultural point of view.

From this experience in Canada I acknowledge every single day that it’s true that you never stop learning: learning at school,  learning about relationships, learning about people, but most of all about cultures. In particular, I got to know several people from different Asian countries, and for the first time I am developing a new understanding of the sub-cultures within Asia and it has been very exciting so far.

Knowing about a culture allows you to better understand others, their reactions, their interests, their manners and it is extremely important to develop a deep understanding on it in today’s globalized era. You should share your culture to be part of the world!

*Source image: www.afs.org

Ferrero: a history of worldwide success

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I am pretty sure you all know Ferrero, an international group made up of more than 70 companies with production plants and distribution spread all over the world. What is the first product that comes to mind when thinking of Ferrero? Maybe Nutella, or Ferrero Roche? How about all Kinder products brand: Kinder Bueno, Kinder Surprise?

I won’t need to write the history of the company that you all can read from its official website Ferrero International, however I would like to talk about its success, the “insights” and who originated from, what is the concept, the idea behind it.

Michele Ferrero was the founder, a wise, discrete and religious man, who simply started out from a small pastry in Alba, in Northern Italy, and transformed it into an empire, a big multinational able to generate up to 8 billion euros per year. His secret? He dared, he innovated!
Back in the 1950s, when everyone was producing “solid” chocolate he decided to produce it creamy, inventing the Nutella, everyone was making the Easter eggs, and he decided to make easter everyday with small chocolate eggs.
Despite the size, the company remains not quoted, and the has been maybe a factor of success, since they never had to please the market, allowing long term plans and no frenzy. But why this tremendous success? They were able to develop the right products, tasty, palatable and most of all, when the internationalization process started, they were able to adopt a glocal marketing strategy, adapting the product to local taste. For instance, I can prove that Nutella in the US varies from Italian Nutella, which is less creamy and sweet as well as Mon Cheri products have a variant with pistachio flavor in UK, which is not sold in Italy.
So the company has been able to go viral, expand and have the right marketing campaigns, exporting the Italian culture ( Buongiorno con Nutella), selling the Italian breakfast idea but with local adaptation as for Nutella Commercial Singapore.

One of the last campaigns? “Nutella has a new name, yours” (Nutella Spain)! It turned to personalization, getting awesome results. I experienced it myself last Summer at the EXPO Milan 2015, the Nutella Pavilion was completely full of people and all kids and same parents would stand in line 20 minutes just to freely print their own Nutella tag name.
Personally, I believe (and hope) it will be a no-ending success.

What do you think about it?

Hope you enjoy the videos

 

 

 

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