-
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. -
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). -
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. -
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. -
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. -
Sustainability and Ethical Branding: Wealthier consumers often value ethical production and sustainability; positioning products as eco-friendly or socially conscious can strengthen brand equity.
Management Foundations
Management: Concept, Process, Theories, and Approaches, Management Roles and Skills
0/3
Management Theories
0/13
Management Functions
Functions: Planning, Organizing, Staffing, Coordinating, and Controlling
0/3
Communication
Communication: Types, Process, and Barriers
0/4
Decision Making
Decision Making: Concept, Process, Techniques, and Tools
0/7
Organisation Structure and Design
Organisation Structure and Design: Types, Authority, Responsibility, Centralisation, Decentralisation, and Span of Control
0/6
Managerial Economics Foundations
Managerial Economics: Concept and Importance
0/2
Demand analysis
Demand analysis: Utility Analysis, Indifference Curve, Elasticity and Forecasting
0/18
Market Structures
Market Structures: Market Classification and Price Determination
0/6
National Income
National Income: Concept, Types, and Measurement
0/2
Inflation
Inflation: Concept, Types, and Measurement
0/7
Business Ethics & CSR: Ethical Issues & Dilemma
Business Ethics CSR: Ethical Issues Dilemma
0/4
Corporate Governance
Corporate Governance
0/4
Types of Markets
0/3
Unit I : Evaluation
Unit I : Evaluation
0/1