10. Phsicology of Market Stages 1. TRADITIONAL 2. EMERGING 3. DEVELOPED “ OLD” “ NEW” TOMORROW WILL BE LIKE TODAY TOMORROW WILL BE BETTER! I DON’T CARE ABOUT TOMORROW…
44. The rule for Market Innovation in BRIC countries: Be prepared to break all rules: Be prepared to reshape brand offers to fit into BRIC consumers’ expectations from the category. Be prepared to innovate and create brand value by leveraging and fitting into local habits and cultural codes. Be prepared to innovate your brand to keep step with the changing aspirations of the growing urban middle class Be prepared to enter the market in a classic Western way starting in premium or the other way around. Be prepared to rethink your innovation strategies.