Reflecting on Points in Your Life/Career – 1

Here’s a picture from my first week at LVMH Moët Hennessy Louis Vuitton. In 2012, I started as an intern. When I left, I ran a sizable piece of the US business driving the most complex markets. I earned a reputation for working in challenging environments turning “deserts into gardens”; and being a gregarious nerd, who always had deep questions.

#FirstWeekOnTheJob

Here is an entry from that first week at LVMH in 2012:

“I started the week with tutorials in business intelligence. I definitely think I will get the hang of this after a few tries generating my own reports. On my first day, I came to work at around 730am or so, but there was no one to let me in the office. I did some walking and then came back at around 8am. I love NY so much. I feel so comfortable that it’s weird. A guy from Facilities let me in the building when he came in. I was sitting outside the main entrance reading one of the NY metro. People here seem very hospitable.”

It’s been a little over five months since I quit working for LVMH. I learned so many valuable lessons there and generated a lot of value. However, I can’t overstate how great life became once I had the courage (and financial cushion) to quit. Realizing when it’s time to move on is a hard thing for a lot of professionals – especially when financial security, lifestyle and status are considered. Luckily for me, lifestyle and status have never been internal drivers for me.

For years, I focused on developing financial security and looking around corners for situations that would let me continue carving my own path. The catalyst for my decision to quit arrived when I prioritized self actualization over pursuing power and influence. There is an immense freedom (and hefty responsibility) in being able to choose where you work, who you work with/for, and what you do.

Curious in 2011 >> Passionate 2012 to 2016 >> Reflective 2019

What was even harder for me, was finding the space to be vulnerable enough to review what had happened over the past seven years; accept my mistakes; and be thankful for the people and circumstances that led me to quit a job I loved. The best advice I can give is keep a diary. It comes in handy when you need the introspection and safe space to #RedesignYourLife. It helps you understand your strengths and challenges -especially when working in startups.

What will I be doing in 2019?

As us usual, I’m always influenced by the current zeitgeist. Today’s inspiration comes from a Vox video attempting to answer the question: Does expensive wine taste better?

I’ve always told my clients that wine is a sensory experience that requires the use of all senses, but I’ve learned that what makes me more successful than my competitors are the stories I tell; and how I empower my clients with enough knowledge to “try something new” the next time they go to the store. That’s an investment that yields infinite returns no matter what products you represent. #AlwaysAddValue

Yes, it is true that awesomely well-trained, data savvy, wine professionals like myself can manipulate clients to buy whatever we want to sell (see the research), but my satisfaction has always come from surprising clients with profound and pleasurable discoveries.

That’s why I love treating curious customers to some of my rarest or more expensive wines in the first meeting. Sometimes, they can’t even afford the wines I present – so why do I take this counterintuitive approach? Well, aside from the fact that it fosters desire, it’s also because what my clients value most – above ownership and consumption – is a journey. So, setting them up with a view of what they “could be” drinking is more important than someone telling them what they “should be” drinking. My clients don’t just want me to help them make memories – they want me to inspire dreams. Doing this the right way always requires more work that most professionals are willing to put in, but it is the most sustainable strategy to truly winning hearts and minds. 

Customers and friends still contact me every time they find something new. The most gratifying aspect of this is that they want me to share their new discoveries with them. I go from being a consultant to a partner. #SoThankful #KnowYourCustomer #KnowYourCompetition.

Here is my recipe for the work I’ll be undertaking in 2019:

  • Take my unique CX approach to #MakingMemories #InspiringDreams; and
  • Marry that with my purpose to “give clients access to the best that life has to offer”; and
  • Add my love of #Datasets and #GeospatialModelling; then
  • Throw in a sprinkle of data science with a dash of #SeeingAroundCorners; and
  • Add a continuous stream of confidence and perseverance.

2018 has already come to an end in some parts of the world and is only a couple hours away from my comfortable perch. I sincerely want to thank every person who has been part of my #Superstory thus far. I am especially thankful for the obstacles I overcame and all the experiences that have led up to this exact moment. Most of all, I am thankful for my wife and family. I couldn’t have made it this far without their support.

In 2019 and beyond, I believe there will be a lot more stories wanting to be told, and more memories to facilitate. I’ll be focused on the consumer frontline – bringing the fringes to the front by empowering makers (a word borrowed from a company I admire) and consumers with the tools to unlock hidden value.

#TurningDesertsIntoGardens

#HappyNewYear

#NextBigThing

#StartedFromTheBottom

Advice: Don’t Take Things Personal

One Thing#Newsflash: You can’t make all your stakeholders, friends, colleagues (all the people you know or don’t know) happy all the time.

As professionals, we talk a lot about listening and looking at issues from multiple angles. Those are really important lessons that keep coming up in my career, but lately, there’s a bigger lesson I have learned:

Try not to take all that happens to you as a personal indication of your value or potential. 

If you dig deep enough you will be able to connect the dots in your past and realize that everything that happens to you is for your own good. You are exactly where you need to be right now. All the things that have happened to you HAVE HAPPENED. You can’t change the past and you do not know the future – but you have NOW.

What is the next thing you can do to move your goals forward? Have a big dream, but just focus on doing one little thing that gets you closer. Do that one little thing – that if left undone, you would regret not trying at all. Do one little thing for yourself.

#ChooseYourself #WhosLookingOutForYou #IfNotNowWhen

One Thing Well

Study, Reflect, Copy, Express….

It may he hard for anyone to reconcile the context and content of this post with the name of my blog, but sometimes you just have to go with the things that move you.

I’ve written before about my admiration for speeches and writings of certain figures in history. I may never know everything about the people I so admire, but the some of the things they say have had a profound effect on making me a better version of myself.

This speech by Oprah at the 2018 Golden Globes is no exception. It speaks to much of what’s happening in the current zeitgeist, but also addresses many issues we deal with on a personal level. It speaks volumes to me about leadership and speaking truth to power.

I hope it inspires you to be more.

Thanks go to NBC for posting this video to Youtube.

Why We Hardly Take The Road Less Travelled – An Easy Primer on Collecting Wine.

I’ve taken a long time away from writing on this blog because I thought I couldn’t say what I wanted without going really deep into what I do for a living. Someone smart told me that doesn’t matter if I add value to the people in my network. If you don’t know what I do, I am sure you can dig up enough research online. My purpose remains the same: I give people access to the best that life has to offer – particularly wines and spirits.

As a luxury professional specializing in the wine & spirits vertical, I have a strong talent for helping clients procure very expensive wines, which they don’t typically desire until they get to try them with me. Well, I can humbly tell you it’s not because of my looks and charm (that only worked on my wife… thank God she liked what I was selling). It’s because I have a very unique way of presenting rare wines and spirits – I tell stories and help my clients make memories.

My approach stems from a belief that most, if not all people, hate disappointment and failure. Think about it! Who wakes up in the morning and says “today I’m looking forward to failing?” Probably only the rare few that understand that failure is a pit stop on the way to success. However, most of us (even myself at times) dread failure, and its hard to coax ourselves out of those mental prisons that prevent us from fulfilling our potential, expressing true affection or a fashion sense, and even drinking good wine.

In the same way, many collectors hate failing when it comes to selecting wine for their palates and cellars. That’s why most consumers rarely “roll the dice” on a bottle of wine from an unknown producer, even if the wine is made from a varietal they like. They would rather buy the wine recommended by someone else (whose palate and preferences may sometimes differ from theirs).

So most often than not, they rely on the advice and selections from wine professionals like me. It’s unfortunate that I have to say this, but I think many wine pros focus so much on selling the brands that we represent, without any real consideration for where our clients are in their wine journey. We should be working on selling an experience and creating a memory they can remember and associate with our brands for the rest of their lives.

A better way to think about this is real estate.

So imagine you are an agent for a client looking for a three bedroom – two bath home on a half acre plot. Your client knows exactly what they want and probably how much they would like to pay (they might not know how much they will have to pay). Most agents would try their best to find exactly what the client wants.

I take a different approach.

dlp_5166 Edit

I peel back the client’s expressed needs and expectations to identify their unexpressed desires. I “walk the block” with the client from where they are to show them where “they might want to be in the future.” As a result, I will show my client the five bedroom – three bath home on 10 acres with a little woodshed for him/her to make that custom furniture piece they’ve been trying to produce in their spare time. I don’t do that because I think they should buy a more expensive property. I do it because I want them to have a glimpse of an alternate future. I want to give them something to look forward to, so I capture them with a possible expression of their innate dreams. I may end up selling the customer exactly what they wanted to begin with – but guess who they rely on when they want to fulfil their ultimate vision…me!

We aren’t just chasing the status and social confirmation that our bank accounts and material possessions afford us. We are chasing the memories that make our lives rich and meaningful. Give your clients more than they ask for… give them all they could possibly want and help them build a vision for the future. I guarantee they’ll stick with you because you help them make memories.

I’ve ranted and gone around the block a couple times, but that’s consultative selling in a nutshell.

PS: I had a lot of fun writing this post. I hope you enjoyed reading it. Drink some good wine with someone you admire after this and I’m sure you’ll understand why I do my job so well. Today, someone whose mind I greatly admire received the Nobel Prize for his work in the field of Behavioral Economics. Irrational behavior and animal spirits are everywhere…. even in luxury and the business of alcohol.

UPDATE: Transactional Integrity and Luxury

I updated my last post on Transactional Integrity  with a new post on Linkedin Pulse. Check it out. I’m so glad to be blogging again. I also updated my visuals using free high-res images . Thanks to Kirby Ferguson (@remixeverything) for mentioning.

Failure is A Milestone on The Road to Success

I read something from Theodore Roosevelt today that profoundly inspires me. I know it will do the same for any professional in luxury, or any industry at all. I’m going to keep this one close to the chest.

It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows in the end the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither know victory nor defeat.

– Excerpt from the speech “Citizenship In A Republic”
Delivered at the Sorbonne, in Paris, France on 23 April, 1910

My Very #UberAwesome Experience with @UberConference

To sum it all up, here is what happened:

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Continue reading

Transactional Integrity… and Luxury

As a brand guardian, every time I get to introduce consumers to a brand I consider to be “true luxury”, it is nothing less than a privilege.

However, there is one rule: I never advocate brands, with which I haven’t had some reasonable interaction (as a consumer, loyalist, or enthusiast). To do otherwise would be disingenuous and represses Transactional Integrity. Continue reading

My Professional Manifesto

Someone once asked me why I’m where I am today.

At first I really thought the question was rhetorical because I couldn’t find the words to explain what was so simple to me. Here is my attempt to use words to describe why I’m still working when most of my competition are asleep or idle.

There is no other way to get better at what you do than simply doing it with the same passion a fish has for water. In your ignorance you will find opportunity; in your failures, more chances to defy the naysayers; and in your successes, the encouragement to do even better.

Am I satisfied with my progress so far?

My answer is a resounding NO.

Am I appreciative for what I have achieved?

Lets just say I’m respectfully pleased because I really don’t know how far I can go in my goal to:

give people access to the ‘best’ that life has to offer.

However I continue to work towards knowing how far my purpose and passion will take me. There’s a remarkable journey for each person that relentlessly pursues the unknown. Success may not be as hard to achieve if you have the correct definition. I believe success lies in simply trying.

Stay hungry my friends.

Are you the target?

I came home this evening a very disappointed consumer. I had just seen “Man of Steel” and “The Wolverine“. I know it seems so off-message to start my post on luxury with talk of comic book heroes, but read on to see where this leads.  Continue reading

New Design – Why?

LIL Post on Redesign

Don’t be alarmed with the new design.

I just changed my WordPress theme. I simply wanted a site with a visual appearance that didn’t emphasize any particular brands.

I want the blog to be about learning through valuable content, rather than visual “bells and whistles”.

Sorry if you missed the old design… hope you can appreciate the change.

I’d love to hear your comments.

Premium vs. Luxury

How companies like Audi are redefining product classes at the expense of long time brands, who are now trying to get back into the premium game.

Lately, I have been thinking of a couple luxury themes I’d like to explore in my posts. They center around a couple main questions: Continue reading

International Women’s Day 2013: Stop to celebrate women all over the globe

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Today is INTERNATIONAL WOMEN’S DAY – Support a woman! http://on.fb.me/x9xcKW  #womensday

Learn about International Women’s Day

I Love The Business of Luxury Like A Fish Loves Water

So, the HBS Retail and Luxury Goods Conference is over and I’m wondering why I go to this conference every year.

Well, its simple.

The Dream Team (and yours truly) - Members of the LuxRe Club from The College of William and Mary at the HBS Retail and Luxury Goods Conference

The Dream Team (and yours truly) – Members of the LuxRe Club from The College of William and Mary at the HBS Retail and Luxury Goods Conference

I like to listen to the array of views on what’s going on in the luxury industry. I also enjoy meeting new minds, and reuniting with old friends. However, the real reason I go to the conference is simply because it makes me feel good. It fires up my creative neurons and allows me to think about things in different ways. The best way to describe it is that I feel comfortable – like a fish in water.

Reimagining the In-Store Experience: One of the panels at the HBS Retail and Luxury Goods Conference

Re-imagining the In-Store Experience: One of the panels at the HBS Retail and Luxury Goods Conference

Key Idea: Find those environments and business cultures that make you feel good about who you are. Find the people and places that excite your true passions. You won’t go far if you fail to be honest with yourself about who you are and what you believe in. Act like a luxury brand and stand for something.

My View: The main reason I joined the industry is because it stands for something that is important to me. Though there are opposing opinions out there, I believe that the luxury segment benefits a vast array of stakeholders in different geographic, cultural, and socio-economic segments – governments, companies, the environment, and of course, consumers. The industry doesn’t just provide beautiful products and valuable services for consumers – it also provides jobs and supports economic development.

BOLD Customer Experience Management, Blogging, @doubletree… I need more than 140 characters

I need more than just 140 characters

As soon as I tweeted it, I felt like I had to say more. Have you ever met someone, read a book, or watched a movie that contained ideas or dreams that you’ve always had? Thoughts that, prior to the encounter, you couldn’t concisely express?

I’ve been having those moments as I’ve been reading this book about companies that adopt a customer-first culture.

BoldThe book has been the breath of fresh air I needed to fill my lungs of passion for the customer. After going through some of my past posts, it dawned on me that I agreed with the authors (Shaun Smith and Andy Milligan) long before I received the book as a graduation present in 2012. Since starting the book, I have ordered four more copies for my friends across the US (and even in Japan). I think you should read it too.

Heck I might just send a free copy to the first person to send me a message via the comment box. 
 
Past Posts

As I was looking through my old posts, I felt so proud for having a point of view of my own, before being introduced to someone else’s. I couldn’t have begun to formulate my perspective if I hadn’t had a cathartic outlet like blogging. It never really mattered if I sounded stupid, smart, or experienced, I just wanted to put my thoughts out there. All that mattered was for me to develop my own point of view. Finding this book was such a proud moment for me because it lets me know that I’m not crazy. I’m just saying what I think. So its really important to blog.

If you need to develop a point of view on something that’s important to you, start putting your thoughts out there. Start a blog…. do something.

On to the next piece.

I’m in Boston, MA for the Retail and Luxury Goods Conference held by Harvard Business School. I’ve been coming since 2011 because its such a comfortable zone, being around luxury industry professionals. It’s especially relevant for me because of my personal mission in life and business:

Tweet

Whenever I come to the conference, I stay with the same hotel brand – DoubleTree by Hilton Worldwide. I have to say it is such a wonderful customer experience because I always get what I expect – the feeling of a home away from home. More to come sooner than you think.

DT 1

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BRAND U – Template for a Luxury Resume

I’ve come across a few MBA students in the same place I was about a year ago. Many questions they ask center around creating a resume fit for the luxury sector.

Here’s a format used at ESSEC Business School. ESSEC is one of the most respected institutions, where the biggest firms in the luxury business recruit MBAs. It is particularly because it is one of the few MBA programs with a focus on the luxury segment. I’ll be writing about luxury education in a couple more posts. However, you don’t have to wait till then. This link will take you to the school’s 2012 Resume Look Book. Go to their website to learn more about the program.

I have also created a template for you to fill in (scroll to the bottom). It’s really a table. All you have to do is fill it in with the relevant info and hide the lines when you’re finished. Need further help with the template? Send me a comment.

I hope this helps.

Lux MBA Resume Template

JC Penney Going for Broke / Luxury Conference in Boston, MA

Ron Johnson’s Original Turnaround Plan for JCP – Circa April 2012

The Gist:

Less than a year ago, I wrote about JCP’s “square pricing” strategy created under CEO, Ron Johnson. The pricing strategy was intended to help the retailer grow its business, however, latest indications show the company has recorded four consecutive quarters of decline.

In combating the consumer backlash, Mr. Johnson is rolling out some of the previously discontinued sales that JCP is known for. There is no indication as to how many sale campaigns the retailer will bring back, but JCP’s CEO has vowed not to return to levels where the company ran up to 600 sales promotions each year. Supposedly, the retailer is going to introduce a limited number of promotions that tie in with the core habits of its consumer set – shoppers who only buy when they need something and require high value.

It’s bad enough that most of JCP’s consumers have decided to shop at its competitors (Kohl’s, Target, Dillard’s, and Macy’s to name a few). What’s worse is that Wall Street investors have also lost confidence in the stock. After losing more than half of its value, Penney stock is now trading at around $19. The company will also find it hard to raise capital as its credit rating is in the realm of “junk status”.

There is still no light at the end of the tunnel for Ron Johnson’s (RJ) turnaround. Though I was very pessimistic (and correct) in my initial assessment in April, 2012, I wouldn’t quit on RJ just yet. You do know he turned Apple and Target’s retail performance around, right? The past is the best predictor of the future. I just might roll the dice on some JCP stock.

Question

Where do you need to be this month?

Harvard Business School

Answer

In Boston, at the Retail and Luxury Goods Conference, at Harvard Business School. It happens every year (this is the ninth) and is never a dull event. I had some of my best professional moments there. If you can’t make it, you can trust that I’ll take notes for you.

Tesla Motors – Keeping up with the “Cool Factor”

Tesla Model S

Tesla Model S

If there is one thing I’ll keep doing as the publisher of L.I.L, it will be to bring “cool” things to your attention.

I am enchanted with Tesla , especially because its cars are not gimmicks designed to draw “the herd” (a respectful reference to mass consumers). They definitely have my stamp of luxury particularly because of the brand’s exclusivity, quality production, unique heritage, and innovation. More importantly, this is a car you need to have if you plan on helping change the world.

I’ll say no more. Read this interview with George Blankenship, Tesla’s Vice President for Worldwide Sales and Ownership Experience.
I bet you’ll get goosebumps by just imagining the world that Tesla founder, Elon Musk, aims to develop.

Back to Blogging… with A Different Focus

First off, here’s wishing you a Happy 2013 ahead.

If you are reading this post, then I must either welcome you anew; or thank you for checking in on the blog.

When I created Lessons in Luxury, I had a goal of starting my post-MBA career in the luxury goods and services sector. Today, I have achieved that goal and have set even loftier ones for my career.

However, this blog has such a cool name that it must continue, even if it means that it will have a new focus. Rather than focusing on luxury from an academic perspective, I’ll discuss luxury as a career.

Look out for the first entry in 2013.

Edmund, where have you been?

For a while, I have been asking myself that same question. Well let’s see. Towards the end of my last semester in the MBA program at William and Mary, I got to sit in on an week-long executive level program in retail management. It was probably the best class/course I ever took. Isn’t it ironic that the best and most influential classes in my MBA came at the end of the program? Of course, thats with due respect to all the great professors who I already had in previous terms. Prof. Hess’s course on Customer Experience Management was nothing short of impressive.

After learning with executives from retail giants in South Africa, Sweden, Mexico, and the rest of the world, it was time to graduate. On May 13, 2012, I officially earned those three letters – M.B.A. Lots of people sent me emails of my picture on W&M’s home page; and that really made the day a memorable one.

Reality sets in as Edmund Amoye, MBA 2012 contemplates life after W&M

A few people have asked me what will become of the blog now that I have graduated the MBA program. The answer is I don’t know. I have achieved the goal I wanted when I started this blog – to transition into the luxury industry. I’ll keep thinking on that question. Congrats to all those who graduated from an academic program this past May. You deserve it.

The Ritz-Carlton, Tysons Corner, VA

Today, I’m at the Ritz Carlton in Tysons Corner (near DC) for an event organized by the Mason School of Business. What a great hotel. Trust me cause I know. I’ll tell you more about it later (with pictures). This is a brand that truly loves the ladies and gentlemen it serves.

Luxury, Retail, or Otherwise… Looks Count – Job Postings too.

Note: There’s a link to some jobs at the bottom of the post.

Last week, our Luxury and Retail Club had an event at the Mason School of Business. The event was titled “Looks Count – A Presentation on Professional Dress for Men and Women”. Here’s how we described the event: Continue reading

#HBSRLGC – Day 2: Emerging Markets Panel

4/15/12 – After the keynote address from Max Azria, I went on to some of the panel sessions. The panel sessions are a little more intimate than the keynotes because you get to hear different perspectives on the same issues that concern retailers today. You’ll see competitors, collaborators, and disruptors in the same room. This year there were four panels and I attended two:

Emerging Markets – The panelists were:

  • Anya Ayoung Chee – Designer, Project Runway Winner
  • Kai Schoppen – CEO, Brandsclub Group
  • Malte Horeyseck – Co-Founder and Managing Director, Dafiti
  • Tikka Karpurthala – Chief Representative in Asia for Moet-Hennessy/Group Advisor Louis Vuitton, India

New Business Directions – The panelists were:

  • Anthony W. Campbell – EVP of Administration, Vice Chairman’s Office, Perry Ellis International
  • Julie Bull – Director of Investor Relations, Dillards
  • Mark Bonchek – SVP Communities and Networks, Sears Holdings
Here are the tweets to catch you up on what went on in the Emerging Markets panel.

Continue reading

#HBSRLGC – Day 2: Max Azria

Two Crazy Guys - Max Azria (Founder, Designer, Chairman and CEO, BCBGMAXAZRIAGROUP) and Edmund Amoye (LuxRe Club, Mason School of Business)

On day two (Sunday 4/15/12) at the Harvard Business School Retail and Luxury Goods Conference (HBSRLGC), we kicked off the day with breakfast, which was not attended by yours truly.

I was having too much fun walking around Boston... literally.

However, my day was off to a a memorable start with the second keynote address by Max Azria – Founder, Designer, Chairman and CEO, BCBGMAXAZRIAGROUP. This is a man I have always admired for his perspective on fashion – and have respected for his vision with the Herve Leger brand. Meeting the man was something I wasn’t expecting and the HBSRLGC helped me do that. I tweeted so much at this conference that I’m just going to use my tweets document my experience. Enjoy. Continue reading

HBSRLGC – Boston, MA: Day 1

So I was in Boston for the annual Harvard Business School Retail and Luxury Goods Conference (HBSRLGC). Yes, I know that’s a long acronym. I’ll document my days in Boston (4/14/12 to 4/15/12) with pictures and tweets (yes – tweets).

A Sculpture at Back Bay Station - by George Greennamyer, 1976

After coming out of the station I took this picture of the entrance to the Back Bay Station:

Right across the street from Back Bay Station is an iconic property – Copley Place. This was a good experience for me because just the day before I had the pleasure of conversing with Howard Elkus and Ken Himmel, famous architect and renowned developer respectively.

Copley Place consists of multiple connected buildings. Here is a picture of a pedestrian bridge over Stuart St.

NW Elevation of Copley Place

NW Entrance of Copley Place

Took the Orange Line from Back Bay to Downtown Crossing, transferred to the Red Line and went on to JFK/UMass where I stayed at the DT - Boston Bayside

Left the hotel and went to Harvard Square Station via the Red Line

Later in the evening around 6pm, I went on to the Sheraton Commander Hotel for a networking session and keynote address by Steven Kolb, CEO, The Council of Fashion Designers of America (CFDA). He set the conference off on a good tone discussing the role and history of the CFDA as well as its efforts to push intellectual property rights for designers in the US.



Interesting Infographics – Global E-Retail

These infographics (below) from Internet Retailer are necessary for today’s entry because of my last post on Neiman Marcus.

Top 10 Posts on “Lessons in Luxury”

Below are the top 10 posts based on readership.

Title
1. Aman Resorts: A Tough Sell for DLF
2. Questionable Co-branding
3. Fair and Square at JCPenney
4. Part 2 – This Thing Called Luxury
5. Luxe Value: Interbrand’s Best Global Brands
6. Adding Value – Train Rides and iPads
7. Swatch: Creating a Shakeout in the Swiss Watch Industry
8. What do LVMH and L’Oréal Have in Common with Google, KPMG, and Deutsche Bank?
9. A Room With a View of Your Porsche, Ferrari, Benz, …
10. Differentiating Upscale Hospitality Series: Ritz-Carlton

Finally…. Luxury Car Brands are Taking Tips from the Kings of Customer Service

Key Takeaway from The Luxury Doctrine (a new resource in development):

If you want to be successful, especially in luxury, you have to think of, and act like the customer, at all steps in the value chain… you have to manage the customer’s experience

– Edmund Amoye, Lessons in Luxury

For those who have been following my posts on the different luxury segments, you’ll notice that the key catalyst for success in today’s environment is innovation in managing the customer experience. If you are new to this customer-centric theme, I have a list of related posts at the bottom, to get you up to speed.

In every business there are seasons and cycles – ups and downs. At their rollout to end-users, luxury goods and services are sometimes heralded as innovative novelties and “must haves”. However, as brands permeate, manufacturers innovate, and marketing teams penetrate (I had to use that rhyme… too easy to pass up), commoditization sets in. Luckily, the Ford Motor Co. is doing something about that with its Lincoln automotive brand.

– Top View of the 2013 Lincoln MKZ Continue reading