Resilience of Luxury Companies in Times of Change

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  • Engels
  • Paperback
  • 9783110723236
  • 23 augustus 2021
  • 336 pagina's
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Samenvatting

Why do some luxury companies remain resilient through times of change, while others do not? The reason is that these companies have unique skills to diversify their revenue generation by being ambidextrous. Luxury companies today cannot depend on their reputation or their creativity alone to remain resilient, rather they require the ability to be ambidextrous - to explore new trajectories for future growth and exploiting their iconic values. In past decades, the industry has shifted from product to customer centric and forced companies to adopt new strategies and approaches to succeed. This includes the adoption of digital platforms such as ecommerce, social media and mobile enabled tools to continually elevate customer experience. In addition, new business models have emerged to address growing pains, particularly in inventory issues, over manufacturing and sustainability. Brands today are forced to adopt evolution through innovation that is anchored by new values without compromising their DNA. Based on in-depth research and interviews with CEOs from leading luxury companies, Lojacono and Pan show how companies can hedge their risks and remain resilient in times of change.

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Taal
en
Bindwijze
Paperback
Oorspronkelijke releasedatum
23 augustus 2021
Aantal pagina's
336
Illustraties
Met illustraties

Betrokkenen

Hoofdauteur
Gabriella Lojacono
Tweede Auteur
Laura Ru Yun Pan
Hoofduitgeverij
De Gruyter

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Product breedte
170 mm
Product lengte
240 mm
Studieboek
Nee
Verpakking breedte
170 mm
Verpakking hoogte
240 mm
Verpakking lengte
240 mm
Verpakkingsgewicht
550 g

EAN

EAN
9783110723236

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