Twitter Updates for 2009-09-24

  • According to LVMH, 4 main elements of business are product, distribution, communication & price. Do so good on 1st 3 that people forget 4th. #
  • LVMH destroys stock, rather than sell products at a discount. #
  • To avoid being perceived as “boring,” LVMH generates sensational buzz by introducing new (time-limited) products. #
  • Determine what is most important. For LVMH, it is LV, MH, Tag & Christian Dior. What is most important for yr business? #

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