Joseph Pine

After having recently reviewed Joseph Pines lecture on what consumers want, I strongly feel that I will be able to incorporate his principles of stinting value and authenticity into my deterioration strategy. In Pines lecture, he addresss active the rise of sparing value and how it all starts with commodities, the basic building riot of all economic value and goes on to later pronounce of the progressing levels of economic value all the way to the attend. Pine states that economic value starts with commodities. Commodities, as Pine states, ar anything that comes from the ground much(prenominal) as animal, mineral, or vegetable. These items are extracted and sold in the overt market. Commodities are then used to manufacture goods. In the outgoing some decades, goods real numberise been commoditized and consumers are only worried more or less price. Customization is the antidote to commoditization. (Pine) Customizing goods turns it into a helper bec ause it has been manufactured for a proper(postnominal) consumer. Services are now being commoditized. Consumers are continuously worried about price. Pine uses long distance recollect companies and fast fare restaurants as his prototypes of services that are change state commoditized because of their militant pricing.

According to Pine, once services have been commoditized it is age to be given to a new level of economic value. (Pine) When a service has been customized, it then becomes an experience, which is the most common economic whirl today. Disney, Las Vegas, themed restaurants, boutique hotels are examples of experience based bus! inesses given by Pine. He goes into further detail by giving much example of experiences such as drinking wine, listening to a plenty perform, or even TED itself as an experience. Pine relates the experience of his travels to Europe, namely, The Netherlands, as an authentic experience. He said that the Dutch have told him that Americans interchangeable their fantasy environments while the Dutch prefer a real authentic...If you want to get a full essay, rove it on our website: OrderCustomPaper.com

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