LECTURE 6: STANDING OUT FROM THE CROWD Flashcards
‘Dilemma of Democratization’
- what does it prevent?
Declining entry barriers create fierce competition and ‘dilemma of democratization’ curtails the ability of cultural producers to command monopoly rents for their ‘unique’ goods and services
As a result of the ‘dilemma of democratization’, the burden for global and independent producers of music and fashion has shifted from __ to (2) in order to ___
production to promotion and developing strategies to ‘stand out in the crowd’
How many songs on Spotify have never been played once?
4 million songs
Now in a taste-driven economy, the imperative to ____ is well established
‘singularize’ products
Andy Pike
“Branding relies upon…
the identification, articulation, and representation of signs and symbols inescapably entangled with their spatial context and connotations.”
literature also suggests that geographical differentiation is often combined with (3) to generate (2)
- manufacturing, organizational and marketing strategies
- distinction and value
although these cities occupy different positions in the global marketplace and feature different institutional regimes, the exclusivity-based strategies being used in these locations are
- Noteworthy finding given the geographic preoccupation with (2)
…remarkably similar
local specificity and uniqueness
3 common ways that the concept of ‘exclusivity’ can be operationalized
1) Tapping into the individualization of demand
2) Integrating consumers into the production and promotion process
3) Manipulating physical and virtual space
Selling the stage
1) Reference
2) About
1) Hracs and Jakob (2015)
2) Look at examples from craft and think about how value is not only created by manipulating space but also time and the temporal dimensions of consumer experiences and relationships.
Grabher quote of intense competition
the contemporary marketplace for cultural products features intense competition between producers and volatile demand from sophisticated consumers
According to Harvey, previously the value of cultural products was protected by
barriers to their replication and sheer scarcity in the marketplace
1) In the 20th century, however, several important economic, social and political trends transformed
2) During the post-war boom, the middle class became
1) the niche status of cultural products in Western Society
2) satiated with durable goods and directed a growing share of their disposable income to the consumption of cultural products
1) As demand increased, cultural occupations became… (2)
2) At the same time, Western governments reinforced the integration of cultural occupations into the mainstream labor market by…(2)
1) more socially acceptable and the number of cultural producers grew dramatically
2) promoting and regulating the education and employment of these individuals
the professionalization and industrialization of cultural production would not have been possible without…
a concomitant shift in consumer behavior
Fashion is the ____ of class and the way for elites to _____
fashion is the quintessential signifier of class and way for elites to distinguish themselves from the masses
Shopping has become the primary strategy for (2)
Reference
- creating value and way for individuals to define who they are and what they want to become
Zukin and Maguire (2004)
Developments of shopping creating value has been influenced by the twin processes of …(2) through which Lash and Urry argue …
societal de-traditionalization and individualization
“social agents are increasingly ‘set free’ from the control or monitoring of social structures in order to be self-monitoring or self-reflexive”
What 3 are mutually reinforcing and driving the symbolic properties that cultural products imbue into everyday life?
1) individualization
2) self-expression 3) consumerism
Value is increasingly determined by (3) rather than by (2) therefore Klein argues that companies across the spectrum are ___ while ___
- aestheticization, branding and marketing
- material and labor inputs
- cutting the cost of manufacturing
while exorbitantly expanding marketing budgets
Thus, the fundamental equation of contemporary markets remains unchanged but digital technologies…(2)
… accelerate consumerism and choice
The Long Tail
1) Reference
2) Argues
1) Anderson
2) the tools of production have been democratized and new and more accessible technologies are drastically reducing entry barriers and facilitating the production of an unprecedented number of cultural goods
Beyond simply democratizing the production process, digital technologies also enable the.. (3)
democratization of consumption, distribution and promotion
Technology reduces the need for ____ and allows producers to ….
physical retail space and allows producers todisplay and sell their products to wider audiences at much lower costs.
The largest off-line music store typically offers ___, Apple’s iTunes store lists ___
- 15,000 albums
- millions
So internet access ___ and ___ on demand ___ and ___ omnipresent
facilitates and encourages on demand consumption and social media programmes such as FB, Twitter etc make branding and promotion omnipresent
Wall Street Journal blogging fact
According to the Wall Street Journal, close to half a million Americans used blogging as their primary source of income in 2009.
E.g. of web portal SecondLife.com
3D virtual world where users create ‘residents’ that socialize, create and trade virtual products like real estate or fashion, transport Veblen’s concept of conspicuous consumption into the realm of sheer simulation and imagination.
just as showrooms must be located on the right street to connect with the right set of consumers, geographers have argued that virtual spaces also need to be…
…. localized and that they often reproduce rather than challenge geographic space
Ultimately, digital technologies have spurred the ___ but consumer demand has also become (3)
- industrialization of cultural production
- reflexive, sophisticated and volatile
The ‘hyper- commoditization’ of culture saturates the marketplace and makes it difficult to
attract and retain the attention and patronage of fickle consumers
As a competitive strategy, exclusivity entails …
… exploiting the desire of sophisticated consumers to signal their individuality by finding and consuming unique products
1) Difference between exclusivity and branding products local, green, ethical or authentic?
2) Instead of restricting supply and raising value, these strategies introduce… which contribute to…
2) These competing quality schemes do not address the core challenge facing producers of cultural products
2) a bewildering number of labels and alternatives which contribute to oversupply and consumer confusion
exclusivity-based strategies are specifically designed to (2) through ___
reduce supply and garner attention and value through scarcity
Simmel’s observation in the Philosophy of Money -
Consumers desire objects that are not merely given but attained by the conquest of distance, obstacles and difficulties
as long as some consumers perceive a good, service or experience to be exclusive and unique, they will pay more for it because…
exclusivity is more difficult to test
3 mechanisms through which indie musicians and fashion designers operationalize the concept of exclusivity
1) Exploiting the desire of sophisticated consumers to avoid or subvert the mainstream
2) Involves enrolling the consumer into the production and promotion process
E.g. of designers using materials rare or difficult to replicate
use of recycled and reclaimed materials such as former advertisement tarps and banners for the production of handmade bags and purses