Luxury goods are valuable not only because they are well-made but also because they are scarce. The proof lies in the abundance of counterfeit luxury goods. Controlling production and supply is one of the things luxury goods brands excel at. Initially, quality and reputation create luxury goods; however, the fact that the value of these goods does not diminish but continues to rise is due to the maintenance of scarcity. While customers determine the fate of the product, producers and suppliers also influence the fate of the customer. They achieve this through their offerings. - Joseph’s “just my thoughts”
Kenichi Omae (大前硏一) is a Japanese economist. He confidently asserted that there are only three ways to change our lives: 1. Spending time differently 2. Changing where we live 3. Making new people. Making new decisions is the most meaningless. Doing all three simultaneously is “marriage and divorce” and “changing occupation.” - Joseph’s “just my thoughts”