It is not enough to have a talented designer; the management must be inspired too. The creative process is very disorganised; the production process has to be very rational.
Bernard ArnaultRead
Mastering the paradox of star brands is very difficult and rare - fortunately.
Interpretation
Creating and maintaining a strong brand that stands out in the market is both challenging and uncommon.
This quote by Bernard Arnault emphasizes the complexity and rarity associated with building a successful brand that has a lasting impact. The term 'star brands' refers to those exceptional brands that not only capture consumer attention but also foster a strong emotional connection, making them difficult to master due to the intricacies of market dynamics and consumer behavior.
In practice
In a marketing seminar to emphasize the importance of strong branding.
It is not enough to have a talented designer; the management must be inspired too. The creative process is very disorganised; the production process has to be very rational.
I think in business, you have to learn to be patient. Maybe I'm not very patient myself. But I think that I've learned the most is be able to wait for something and get it when it's the right time.
When you are on the management side, you still have to understand the artistic sensibility so that there is a dialogue with the creative side.
What made Louis Vuitton famous was the quality. We don't do marketing; we just create products which are exceptional in their design and craftsmanship.
It's very important that when you have a designer like Marc Jacobs, who is a genius, you give him complete freedom.
When looking at trends I always ask myself basic and timeless questions about business, and the one I seem to always come back to is, 'How is this different than anything else in the marketplace?'
My concern is that we live in an economy in which stabbing someone and waiting for them to complain before we remove the knife has become the normal way of doing business. When did we lose sight of the fact that it's not nice to stab people in the first place?
Cutting prices or putting things on sale is not sustainable business strategy.
Few relationships are as critical to the business enterprise as the relationship to the government. Managers have responsibility for this relationship as part of their responsibility to the enterprise itself. It is an area of social impact of the business. To a large extent the relationship to government results from what businesses do or fail to do.
In this ever-changing society, the most powerful and enduring brands are built from the heart. They are real and sustainable. Their foundations are stronger because they are built with the strength of the human spirit, not an ad campaign. The companies that are lasting are those that are authentic.
It turns out that people - in every country in the world, there's a segment of buyer that wants the best product and the best experience. And that's what we're about providing.
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