Sharma and Sezhian (2014); As per this study handicraft plays an important role in the economy of Sikkim. It helps to generate employment opportunities for enormous segment and income. The handicraft sector has suffered due to transport facilities, poor infrastructure, low capital and less exposure to new technologies, lack of market intelligence and a poor organized framework. However, handicrafts have uncountable growth potential in the fluctuating scenario with its basic strength being the abundant and low-cost availability of manpower. Sikkim’s handicraft has potential to produce range of products, employment generation and marketing. But there is a requisite to introduce new technologies and design, logistic management, advertisement of …show more content…
The product design of handicraft items needs to be improved in numerous aspects. The design of a product should be as per the choices and preferences of customers. Handicraft is such a product that when a customer likes it, he is ready to pay a price, which may be very high than the standard price of the product. The basic concern is his liking of the product. So, out-dated repetitive designs do not attract buyers. Thus, to offer the strategic way and action plans to change the systems, procedures and standards associated to innovation, design, technology, market and quality it is essential for organisations to come together.
Bhat and Yasmin (June 2016); Kashmiri handicrafts are famous within and outside of the country because of their art, quality and design. The benefit of being labour intensive sector, handicrafts can be established anywhere both in urban areas and rural and can be taken off as a subsidiary occupation. In this paper an attempt has been made to assess the growth, performance and difficulties faced by the handicraft industries during last two decades of turmoil in Kashmir valley with special focus on District Budgam.
Shah (2016); As per the study handicrafts trading is best suitable to the state as these activities that are more labour concentrated and less capital concentrated in nature, therefore having possibility for generation of employment opportunities at large scale. Handicrafts occupies an important position in the international
Industrialization, as it did in other countries, caused the formation of factories and machines that sped up how much cotton products are produced. In document 6, Radhakamal Mukerjee, an Indian economist, says “there has been a rapid decline of the hand-woven cloth industry…on account of the competition of machine manufactures…though many wear
...le for sale on the internet. In the case of Shea butter production, division of labor is a crucial factor. The Shea tree is indigenous to West Africa making myself and other persons that use the product reliant on the African workers to produce it. For any county to be fully self-sufficient, or to not trade with other countries, it would possibly be deprived of such items that can not be grown there. Therefore, specialization is a factor that keeps the trade cycle moving, one country creates a product and is able to trade it with others.
By the late sixteenth century the British East India Company had established trade posts in Calcutta, Madras, and Bombay, dominating vast areas in India and southeast Asia . Although traders saw the potential for cheap labor and raw materials India held, they were...
Traditionally, Dansk Designs followed a strategy of differentiation. When a firm follows this strategy, they create differences in the firm’s product or service by creating something that is perceived as unique and valued by customers. Differentiation can take many forms, including prestige or brand image, which Dansk decided to implement. Their product line consists of eight product categories, which include flatware, china, linen, glass, decorator cookware, and wooden bowls and trays. Their products are of high quality and are highly priced. Dansk was able to achieve a differentiation advantage because their price premiums exceeded the extra costs of being unique. Dansk is able to create these unique products because of the talented designers they employ, including Jens Quisrgaard, Niels Refsgaard, and Gunnar Cyren. Another competitive advantage of a strategy of differentiation is the ability to deal with supplier power. There is a certain amount of status associated with being the supplier to a producer of differentiated products. Dansk’s principal supplier, Richard Nissen, has enjoyed working with Dansk because he believes they have been able to “preserve the handcrafted nature of the products”.
the case in the textile industry, having before created most of the textiles in smaller quantities in the home
Technology has steadily evolved to develop more innovative and productive techniques in the making of various crafts. In addition to enhancing the quality of products, the ability to create them at a higher rate has been discovered. However, quality and quantity are usually inversely proportional to each other. In more recent times consumers have begun to desire Japanese artifacts. Most producers attempt to sate this desire through mass production. While this alternative may be inexpensive, it lacks the high quality that true artisans can deliver. In these cases, consumers are also at fault as they let their desire for instant gratification outweigh their desire for superior creations. Largely, in the production of crafts, producers sacrifice optimal quality for a high output in order to fill the demand for inexpensive products by the consumer.
Many of our people in our society throughout the years, have been buying different types of products and commodities from craft workers that are very personally close with one another and also from smal...
The movement particularly emphasizes on exports from developing countries to developed countries, with products such as handicrafts, coffee, cocoa, sugar, tea, bananas, honey, cotton, wine, fresh fruit, chocolate, flowers and gold. Moreover, coffee is one of the most widely traded goods in the world. For many developing countries, coffee trade is an important source of income. Producers can provide a better trading and improve terms of trade. Moreover, this allows producers to improve workers’ living environment and future life in general (De Pelsmacker, Driessen and Rayp, 2005).
Sitara Textile Mills first opened its doors in 1959, solely a manufacturer and distributor of textile goods for the retail markets. But, very soon flourished to bear fruit of determination and honest dealing. Established group ahead along with the customers, vendors and related agencies. “Sitara Textile Mills” has represented the foundation of retail segment. “Sitara Group of Company” developed and extended merchandise lines into the Chemicals, Textiles, Education, Healthcare, Energy and Real Estate service industries.
As soon as the shift to a free trade regime appeared along with the competition with countries such as China and Indonesia the quick collapse of Bangladesh’s textile industry has been predicted. However, the opposite occurred. We can highlight three major reasons to explain what happened:
Employment of craft and fine artists is seeming to grow by about two percent from 2014 to 2024, it is a slowing growth percent than most jobs today.(Job Outlook) Job growth for craft artists will be determined on the sale of craft items in the area of work and location, mass-produced items designed to look like handmade American crafts.(Job Outlook) Interest in local made products and crafted goods are likewise to offset some of these employment losses.(Job Outlook)
Mital, Amita (2008) analyzed matters related to competition, demand and supply stipulation of India’s gems and Jewellery products. Government initiatives and regulation to encourage exports of Gems and Jewellery products are also discussed. In his study, Mital pointed out that demand of Gems and Jewellery depends on saveral factors such as economic growth, employment levels, income levels, tax rates and credit availability and competition is based mainly on the quality, design, availability and pricing of products. She told that, foreign direct investment up to 100 per cent was allowed in the Gems and Jewellery industry under the industrial policy.
As a massive provider of consumer goods in India, Hindustan Lever Limited (HLL), is attempting to penetrate the rural markets where there is a massive opportunity for growth. HLL’s current operating sectors are becoming increasingly competitive and crowded. Their best opportunities now lie in developing new markets and rising to the top of that market. They are attempting to do this with a program for developing entrepreneurs, named Shaktis. Met with initial success the program now needs to grow without increasing costs.
Textile production and consumption is an increasingly global affair as production continues to shift to developing countries. Developing countries have seen an explosion in the growth of their textile exports, and for many countries textiles are a significant portion of their total exports. In response to increasing competition from low-value imports from developing countries, industry leaders in developed countries have made significant capital investments in order to increase productivity and move into advanced market sectors.
From 2005 the textile segment has been made up of 2 companies, transforming raw materials into fabrics, from spinning to finishing and ennobling. Handicraft product quality and technological research development characterize this business segment which works with internationally recognized names of the apparel and fashion industry.