Thursday, February 5, 2009
Buying a Fake - Who is to Blame?
here was an interesting program on the subject on a Call-in Radio in Dubai today. Defender of the brand was of the view that buying fakes by the consumers can lead to the extinction of exclusive brands like Louis Vuitton (LV) resulting in job losses etc. Defender(s) of the consumer action insisted that if these exclusive Brands were to rationalize their prices, there would no incentive for consumer to buy the fakes and there would be no production of the fakes ultimately. The counter argument by the Brand defender was "then such Brand would lose its exclusivity, if every one could afford it"....
In my opinion.... Exclusive Brand ceases to be exclusive when it is produced and marketed around the world. If it is being produced in 20 factories around the world along with One Original factory, that gave it its brand identity and exclusivity, it already is mass produced. They should charge different prices then I.e., that of a highly recognized mass produced brand... Like coke or pepsi.... and not that of an Exclusive Brand!
The only incentive to produce in Cheaper destinations is to cut cost. Now if the cost reduction is to fatten Brand's margins and the benefits are not to pass on to consumer, there is a trace of unscrupulous behavior on part of the Brand. Isn't consumer then justified to cut his cost???
What do you think?
In my opinion.... Exclusive Brand ceases to be exclusive when it is produced and marketed around the world. If it is being produced in 20 factories around the world along with One Original factory, that gave it its brand identity and exclusivity, it already is mass produced. They should charge different prices then I.e., that of a highly recognized mass produced brand... Like coke or pepsi.... and not that of an Exclusive Brand!
The only incentive to produce in Cheaper destinations is to cut cost. Now if the cost reduction is to fatten Brand's margins and the benefits are not to pass on to consumer, there is a trace of unscrupulous behavior on part of the Brand. Isn't consumer then justified to cut his cost???
What do you think?
Bernard Madoff Fraud - An Isolated Incident or emblematic of Bush Era?
If I am not mistaken, it was Georg Bernard Shaw who said....
....At the time of decadance the Base Prosper.
When George W. Bush became president, the contrast between him and his predecessor Clinton was so stark that my belief strengthened that it was the beginning of the end of the glory days of a great Nation called United States of America.
And I remember of commenting in the early days of Bush administration that "When the people of bush rule the world, the Jungle's Law prevails!"
Debacle after debacle - from plaguing the world with unwarranted wars to a depression like economic situation around the world and bringing the US to the brink of losing its moral authority in the commity of nations - the nail in the coffin comes in shape of Madoff Fraud. The biggest victim of this Ponzi-style Scam are the charities serving the poor and downtrodden and the individulas with life-time savings invested with Mr. Madoff.
Despite early warnings to SEC by various journalists, no attention was paid until it was too late. I cannot believe that it was simple oversight or even failure of the system. In my opinion, without regulator's complicity - and Bernard Madoff boasted at times that he has good relations with SEC people - fraud of such scale would not have been possible.
What do you think?
....At the time of decadance the Base Prosper.
When George W. Bush became president, the contrast between him and his predecessor Clinton was so stark that my belief strengthened that it was the beginning of the end of the glory days of a great Nation called United States of America.
And I remember of commenting in the early days of Bush administration that "When the people of bush rule the world, the Jungle's Law prevails!"
Debacle after debacle - from plaguing the world with unwarranted wars to a depression like economic situation around the world and bringing the US to the brink of losing its moral authority in the commity of nations - the nail in the coffin comes in shape of Madoff Fraud. The biggest victim of this Ponzi-style Scam are the charities serving the poor and downtrodden and the individulas with life-time savings invested with Mr. Madoff.
Despite early warnings to SEC by various journalists, no attention was paid until it was too late. I cannot believe that it was simple oversight or even failure of the system. In my opinion, without regulator's complicity - and Bernard Madoff boasted at times that he has good relations with SEC people - fraud of such scale would not have been possible.
What do you think?
What do you do in recession? Share your ideas...
No doubt we are already in deep deep global recession. In such a scenario, what would you do that....
1) will keep your current business afloat
2) would lead to create new businesses
How many of Ecademists would like to pool-in their resources to create viable cross continental sustainable projects? Do you think this Recession is a wonderful opportunity to lift Ecademy as an Entrepreneurial platform?
I would like to create a Forum where ....
1) Members could post their business plans
2) Committees could be formed to evaluate these business plans and rate the projects on different criteria
3) Investors could bid for the projets
Any more ideas and suggestions, please feel free to post!
1) will keep your current business afloat
2) would lead to create new businesses
How many of Ecademists would like to pool-in their resources to create viable cross continental sustainable projects? Do you think this Recession is a wonderful opportunity to lift Ecademy as an Entrepreneurial platform?
I would like to create a Forum where ....
1) Members could post their business plans
2) Committees could be formed to evaluate these business plans and rate the projects on different criteria
3) Investors could bid for the projets
Any more ideas and suggestions, please feel free to post!
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