Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Pricing
Podcast Image

TED Talks Daily

Hidden connections that transcend borders and defy stereotypes | Aparna Bharadwaj

25 Jan 2023

Transcription

Chapter 1: What is the main topic discussed in this episode?

4.334 - 25.547

You're listening to TED Talks Daily. I'm Elise Hu. The talk you're about to hear is probably going to make you hungry. It's going to get into snacks. Yum. But there's more than that. In her 2022 talk from TED at BCG, global consumer strategist Aparna Bharadwaj opens up the fascinating data she's learned about the motivations behind what we buy and consume.

0

26.248 - 56.502

She shares the differences and surprising similarities in that all over the world. I've lived and worked in some very diverse countries around the world. I was born in India, but I grew up in Iran. I remember I was about eight years old, as a child in Iran with my family, watching the beautiful festival of Navroz. Navroz is celebrated usually at night with families gathered around a bonfire.

0

57.243 - 75.364

They share food, they sing songs, sometimes they even jump over the fire for good luck. And I remember how deeply that reminded me of another festival called Lodi, celebrated all the way over in India, also with families gathered around a bonfire, sharing food, singing songs together.

0

Chapter 2: What hidden connections exist between global consumer behaviors?

75.715 - 100.626

Even an eight-year-old child can tell how profoundly similar those two events look in two sets of countries that are culturally so different, like a kind of hidden connection. As an adult, I've spent 20 years of my life studying consumers all over the world, what they feel, what they believe in, and how they act upon those beliefs when they buy things.

0

101.247 - 117.483

And of course, a big part of my job is to truly understand the diversity that exists in the world. But maybe because of my upbringing, what truly fascinates me is when we find these hidden connections, these secret similarities between people where you least expect them.

0

118.604 - 139.439

Today, I want to share some of that magic with you, bring you into my world, and we're going to go do some detective work on the world's consumers together. Stay with me, because I think there's a message of hope in here for all of us. Before we start, let's have a think about how companies, businesses are organized today, how they operate today.

0

140.64 - 164.09

Most commonly, companies are organized by regions, subregions. That's how supply chains, organizations are set up. And if it's not geography, then it's some other thumb rule. It could be linked to some common historic period. So, for example, the Commonwealth countries. It could be linked to a common religious roots. For example, I've been a part of a lot of discussions on the halal economy.

0

164.75 - 183.948

It could be something, anything, that allows us to put the world into neat little boxes, neat little clusters that explain why people are similar or different. But I've realized that when you study the consumers and when you go deep, it's interesting how none of that applies, how wrong some of that thinking can be. Let me show you.

184.61 - 210.035

About a year ago, a team of us set out to understand how consumers exercise choice around the world. In this process, we interacted with over 40,000 consumers in 18 countries around the world. We ask them many, many questions about their mindsets to start with. So for example, your worldview, your personal philosophy. Do you feel optimistic? Do you have a love for technology?

210.697 - 213.503

Do you care about peer approval? Things like that.

Chapter 3: How do cultural festivals reveal similarities across countries?

213.77 - 235.92

But we also try to study some very specific consumer behavior. So, for example, what do you look for when you buy a snack or you buy a beverage or luxury products? What needs are you trying to fulfill? As you can imagine, there was a ton of data for the geek inside us to go crazy with, right? I love that type of data. So anyway, we take all that data and we start to draw correlations.

0

236.021 - 248.08

We start running all these analysis. So of course, when you do this for the US, you can see that the Canadians, the people of the UK and the Australians are very similar in mindsets to the Americans.

0

248.667 - 270.499

Now, we had been studying consumers for a long time, and the whole team fully expected that we were going to see a lot of clusters come through based on some of those thumb rules that I talked about earlier. So imagine our surprise. We run this data, and we find very little clustering based on any of those thumb rules. We didn't, for example, find an Asian culture cluster.

0

271.16 - 286.142

We didn't find a European cluster. Nothing like it. In fact, we found 90 percent correlation between the Americans and the Australians. Two sets of people on the literal opposite ends of the world. Can you imagine that? How amazing is that?

0

287.003 - 307.319

And this is a big deal, by the way, because businesses, companies operate, govern themselves entirely on the basis of these clusters that we found didn't even exist. And believe me, we tested a bunch of thumb rules. And the interesting part was that it was not as if you can find new thumb rules to replace the old ones that don't work. The answer was kind of technical, actually.

307.86 - 331.434

It was, just don't do it. Resist the urge to find any kind of thumb rules to explain the world. These are only propagating stereotypes. So then we said, okay, if all these thumb rules don't work, how do you make sense of all the diversity that we see around us? How do we put some patterns? How do we understand it? So then we started to study the specific consumer behavior I talked about.

331.974 - 353.978

What do you look for when you buy insurance? What do you need when you buy beverages, when you buy apparel, cars, things like that? And here we found something that was even more profound. We found that the Indonesians, the Saudi Arabians, and consumers of the UAE snack in very similar ways to the Chinese. Let's think about it for a second.

354.579 - 377.011

These are Muslim countries, very different culture, very different background to the Chinese, and yet they snack in similar ways. How cool is that, right? And similar how? Well, for first, in all these countries, snacking is a moment of social indulgence. It's something you do as a group. So people snack in groups. They share the snacks.

377.572 - 405.22

They often buy a hot snack that they purchase from a hawker or a food court. Somebody prepares it fresh for them. The quality is not guaranteed. It's very important. They snack in similar ways. In contrast, the Americans snack very differently. Americans snack alone. They don't share their snacks. It's often at their desk in a package. Very different from the rest of the countries.

Comments

There are no comments yet.

Please log in to write the first comment.