The effectiveness of innovative claims towards the success of crowdfunding project in APPAREL INDUSTRY

Freddy, Freddy (2018) The effectiveness of innovative claims towards the success of crowdfunding project in APPAREL INDUSTRY. Bachelor thesis, Universitas Pelita Harapan.

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Abstract

In recent years, crowdfunding has become one of the most viable funding source and gained tremendous popularity among novice entrepreneurs as well as established business. Crowdfunding is primarily design to support creative ideas and innovative projects acrosss various industries, one of which being apparel. This research attempts to identify how the crowdfunding community perceive innovation within apparel and clarify various factors crowdfunding community takes into consideration before pledging for apparel projects. Interestingly, substantial evidences suggest that apparel projects with innovation experience higher rate of success, and therefore, this research seeks to analyze the factors attributable to this tendency. This research employs qualitative approach with exploratory research questions and provides multiple case studies to highlight how innovation strategies have assisted many apparel projects in generating great success on Kickstarter.Upon completion of analysis, it is revealed that apparel innovation encompasses theree major aspects, namely novelty, combination, and iprovement. In terms of pledging decision, project backers tend to focus on three main considerations that affiliate with the product, personal preference, and creator’s background. Moreover, innovative apparels are perceived as compelling, useful, original, and sustainable which explain why project backers tend to pledge for innovative projects. The findings present valuable insights that are expected to benefit several parties in terms of both theoretical and practical contexts. Theoretically, this research provides preliminary findings for future research in similar topic. In practice, this research encourages businesses to engage in crowdfunding to finance their operation and incorporate innovation into their market offerings, particularly for apparel businesses.

Item Type: Thesis (Bachelor)
Creators:
CreatorsNIMEmail
Freddy, FreddyNIM1401020056UNSPECIFIED
Contributors:
ContributionContributorsNIDN/NIDKEmail
Thesis advisorKaban, Lila MariaNIDN0107068301lila.kaban@uph.edu
Uncontrolled Keywords: crowdfunding, innovation, apparel
Subjects: H Social Sciences > HB Economic Theory
Divisions: University Subject > Current > Faculty/School - UPH Medan > Business School > Management
Current > Faculty/School - UPH Medan > Business School > Management
Depositing User: rony lubis
Date Deposited: 05 Mar 2021 07:32
Last Modified: 20 Jan 2022 10:34
URI: http://repository.uph.edu/id/eprint/11584

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