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Arcane

Stealth • 7m

VALUES over VALUE Modern consumers, especially the younger generation, are gravitating towards brands that align with their value systems, focusing on social impact, sustainability, and wellness. Look at this- The Elements of Value pyramid highlights 30 crucial elements that shape the perceived value of a product or service. These elements are categorized into four main sections: 1.Functional Elements: These include basic needs like saving time, reducing effort, simplifying tasks, avoiding hassles, and ensuring quality. 2. Emotional Elements:These cater to emotional needs such as wellness, indulgence, therapeutic value, nostalgia, and fun/entertainment. 3.Life-Changing Elements: These elements impact life significantly, providing motivation, hope, self-actualization, and a sense of belonging. 4.Impact Elements: The pinnacle of the pyramid, these include caring for the earth, investing in well-being, and ethical practices.

4 replies13 likes

Replies (4)

Ronak Patel

Stealth • 7m

Thanks for free MBA course keep teaching 🫂

1 replies1 like

Sajin
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Foundation • 7m

You are giving MBA classes for free. These are few key foundations, works a bit different for business, but important for marketing to know a customer

1 replies2 likes

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In the future, VALUE SYSTEMS will continue to play an increasingly important role in consumer decision-making. Companies that want to be successful will need to focus on delivering value in all four areas of the Elements of Value pyramid. Question f

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I hope these include the delivery riders as well, they deserve it the most.

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yes

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