Ultimately it was an agreement approved by both parties. It was a valuable lesson for me because I witnessed, first hand, the animosity that can result when two groups feel strongly on opposite sides of an issue, both believing that they are right. I had the experience of bringing about a meeting of the minds, fostering compromise and a peaceful resolution to a problem. The experience and the lessons learned will stand me in good stead in business and in life. It has been my great fortune to live in various places around the globe, including Indonesia, Australia, Singapore and the United States. My experiences have contributed to a true global perspective. Through the places I have lived and the...
Those scenarios steeled my resolve to make a positive difference in bridging the gaps between people wherever and whenever I can.
LVMH Identification Evaluation of the main problems. Sometimes, the best laid plans of mice and men go awry. The case of Bernard Arnault's involvement in LVMH is one of dazzling brilliance on one hand and intractable egotism on the other. Arnault's stated strategy seems to make sense: acquire brands epitomizing the combination of classically tasteful luxury with forward-looking modernism. He looks for brands that are traditional in feel, but constantly renewing and reinventing
Louis Vuitton Moet Hennessy A luxury good is a product at the highest end of the market in terms of quality and price. Classic luxury goods include haute couture items such as clothing, accessories and luggage. However, many markets have a luxury segment including, for instance, cars, wine and even chocolate. Luxury goods markets are characterized by very high sensitivity to economic upturns and downturns, high profit margins and very tightly
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