Vs. Cultural Comparison Project Michelle Isern & Ellen Killian May 5, 2011 Why Victoria’s Secret & Soma? • We chose Victoria’s Secret and Soma Intimates because… – – – – – Highlight why we shop at VS (marketing tools) Meaning behind store image Successes and Failures Media input Feminist views Goals • Show the differences between management styles and core values of the two companies • Draw attention to an outsider’s view on the company’s image • Provide findings on behind the scene interactions among co-workers and customers Methods of Research • Internet • Personal Experience • Observations • Interviews VICTORIA’S SECRET “Committed to building a family of the world’s best fashion brands offering captivating customer experiences that drive long-term loyalty and deliver sustained growth for our shareholders.” Victoria’s Secret is a well-know lingerie store owned by Limited Brands. - Established in San Francisco (1977), by Roy Raymond - Expansion of products - Victoria’s Secret Fashion Show - “Sexy store” & media controversies - Largest American lingerie retailer - 1,000 stories in U.S., international locations Soma INTIMATES “Simply the perfect fitting bra.” • Created by CHICO’s clothing store • Opened ten boutiques in 2004 • High quality bras, panties, sleepwear, and relaxation wear • Practicality > Sexuality • Today, over 110 stores nationwide Branding – Victoria’s Secret • Shopping bag • Models • Victoria’s Secret Fashion Show • PINK dog • Window displays Branding - Soma • “Comfortable” • “Invisible Lines” – YouTube Video • Age group appropriate • Shopping bag Functionalist Approach: Victoria’s Secret Core Values #1 Mission Statement: “To offer captivating customer experiences that drive long-term loyalty…” #2 Promotion of sales by creating an image or culture of SEXINESS #3 Importance placed on the promotion of scientific management **Classical Management Styles Functionalist Approach: Soma Core Values #1 More emphasis on practicality & comfort than sexiness #2 Value positive and friendly environment: Open Communication amongst workers, employees & costumers #3 Dedication to customers – provide useful resources (i.e. online blog) ** Relational Management Styles Interpretive Approach: Victoria’s Secret Core Values #1 Patterns of relationships/friendships that naturally emerge among employees #2 Job satisfaction/identification Interpretive Approach: Soma Core Values #1 Family-oriented #2 Equality, positive relationships, and satisfaction Functionalist Approach: Similarities • Establishing long-term customer loyalty Interpretive Approach: Similarities • Emerging of friendships, despite differences in management styles Critical Approach: Victoria’s Secret Critical Approach: Soma Intimates • Hierarchical power structure • Work-related interaction over informal social interaction • Family-oriented structure obscures conflicting interests between managers and employees • Sexiness • Implicit, hidden forms of power (i.e. Corporate) • Feminist analysis **Controversies in the media Conclusions • Soma -Promotes practicality -Relational Management Styles - Open communication - Relaxed workplace environment - Job Satisfaction - Conflict of authority • Victoria’s Secret – Promotes SEXINESS – Classical Management Styles – Hierarchy among employees – Strict set of rules – Job Satisfaction (pros and cons) Recommendations • VICTORIA’S SECRET: – Take into consideration employee needs – Communicate to employees their value to the company • Soma - Reevaluate respect anticipated by managers - Expertise of managers needs to reach the level of expectations that comes with their positions