Course Content
Management Foundations
Management: Concept, Process, Theories, and Approaches, Management Roles and Skills
0/3
Management Functions
Functions: Planning, Organizing, Staffing, Coordinating, and Controlling
0/3
Managerial Economics Foundations
Managerial Economics: Concept and Importance
0/2
National Income
National Income: Concept, Types, and Measurement
0/2
Unit I : Evaluation
Unit I : Evaluation
0/1
Unit I: Business Management and Managerial Economics
  1. Premium Positioning & Brand Building : Invest in branding, status appeal, and lifestyle marketing to reinforce the perception of exclusivity and quality.
    Example: Luxury brands like Louis Vuitton or Apple highlight prestige and innovation.

  2. Product Line Expansion (Upmarket): Introduce higher-end variants or luxury versions to capture more of the surplus income.
    Example: Automakers launching premium trims or luxury sub-brands (e.g., Toyota → Lexus).

  3. Geographic Expansion into Affluent or Emerging Markets: Target markets with rising middle and upper classes, like Southeast Asia or the Gulf states, where income growth is strong.
    Example: High-end electronics and fashion brands entering India and Southeast Asia.

  4. Customer Experience Investment: Enhance the shopping experience, customer service, or exclusive access to services—key for luxury and high-end goods.
    Example: Personalized shopping, concierge services, or VIP events.

  5. Dynamic Pricing and Customization: Offer customized or bespoke options that appeal to wealthier consumers willing to pay a premium.
    Example: High-end watches, custom cars, or tailored clothing.

  6. Sustainability and Ethical Branding: Wealthier consumers often value ethical production and sustainability; positioning products as eco-friendly or socially conscious can strengthen brand equity.