First of all,
Welcome Page has explained core values of Innovative and Creative Management Concepts. By exploring market comparative advantages, a nation has specialized in manufacturing some special goods and services and exporting to foreign countries as upscale and niche market goods and services. France has such niche markets of perfume, fashion design clothes, handcrafted goods, wines, Champagne and cheeses. Italy also produces luxurious supercars, high-end fashion design clothes, personal accessories and others. Germany usually brings up famous names of Mercedes, BMW, Porches, chemical products and precise lens. Japan has gained worldwide reputation for high-quality products in automobile, camera, TV, elevators, machinery, construction equipments, ships, bullet trains, and video game-consolers. U.S. offers airplanes, computers, machinery, chemical products, defense products, satellites, ships, and construction equipments. All those markets have gained advanced technologies of manufacturing high-end products and services.
Understanding strengths and weakness of specializing in upscale and niche markets can help those high-tech and capital-intensive firms to design their own business management platforms. Most high-end product and service companies are immune to economic recession because demands of upscale and niche markets are not impacted by high unemployment and public debts. In both bull and bear markets, investors have just experienced so-called shifting wealth from one person or firm to other persons or firms. Asia has more millionaires and billionaires today more than two decades ago. Demands of luxurious goods and upscale services have increased in most parts of Asia, especially in large cities of China, Hong Kong, Taiwan, Russia, and Southeast Asia. Economic growth and business successes have provided more spending powers into high-net-worth consumers in Asia.
