Going beyond Misconceptions: Avoiding Pitfalls on the Route to Sustainable Growth
Douglas Bryson and
Glyn Atwal
Chapter 18 in Luxury Brands in Emerging Markets, 2014, pp 201-210 from Palgrave Macmillan
Abstract:
Abstract Clearly, there is no singular blueprint for international luxury brands to succeed in emerging markets. Each luxury brand and each emerging market context presents its own idiosyncrasies. Since there is no one-size-fits-all approach, managers need to learn important lessons by studying the various emerging luxury brand markets. The experiences vicariously learnt can be used to develop effective contingency strategies as companies enter and expand into emerging and new frontier markets. Beyond the emerging markets covered in this book, new frontier markets in fast-growing economies such as Indonesia, Mexico, Turkey, Nigeria, South Africa, and Malaysia, offer international luxury brands potential sources of highly profitable growth.
Keywords: Wall Street Journal; Harvard Business Review; Chinese Consumer; Consumer Sentiment; Economist Intelligence Unit (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-33053-6_19
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DOI: 10.1057/9781137330536_19
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