Question: This week we will analyze 4 Case studies in our groups. Please note the case assigned to your group: Group 1 - Marketing Luxury goods
This week we will analyze 4 Case studies in our groups. Please note the case assigned to your group:
Group 1 - Marketing Luxury goods to China Mike Peng Course Text Pg 488
CASE DISCUSSION QUESTIONS:
Using the four Ps of marketing, explain how luxury goods makers can enhance their effectiveness in marketing to Chinese consumers.
From an institution-based view, explain why Chinese luxury goods consumers emerged to become a major group of consumers of such fancy items.
From a VRIO standpoint, explain how luxury goods makers were able to capture the hearts, minds, and wallets of Chinese consumers.
ON ETHICS: If you were CEO of a Western luxury goods firm, how would you respond to a Chinese reporter who asked you to comment on the two main criticisms of luxury goods consumption in China?
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