Suggest You
#1 in Business Subscribe Email Print

You are here: Home > News and Society > Economics > Are We Moving Out Of The Service Economy?

Tags

  • squad
  • items
  • services
  • goods phase
  • humans lived
  • memories surrounding

  • Links

  • Be Successful In Your Job Search ??“ Avoid These Top 10 Mistakes!
  • Personal Loans - Apply For Secured Personal Loans To Earn Innumerable Benefits
  • Vitamin B-6 A Forgotten Nutrient
  • Suggest You - Are We Moving Out Of The Service Economy?

    Effective Presentations - Developing the Body of Your Presentation
    In previous articles, I have talked about strategies for creating a strong opening to your presentation. Once you've grabbed your audience's attention, it's time to move into the body of your presentation. Here, you'll discuss your topic in more detail. If your pu
    ow hungry for services that can fill items that are higher on our list of hierarchical needs. Feeding people, or providing the goods or services they need isn't enough anymore. People are looking for experiences that will provide them with personal memories and they are willing to pay a premium to get what they want.

    To find out more about The Experience Economy and other books visit bookjive How to Shop Around for the Cheapest Mortgage Deal Online
    Before you start shopping around for a mortgage, you need to establish exactly what you want so that you do not waste your time looking at deals that will not save you money. You should also learn how to compare mortgages or choose what features of the finance pac

    This is a question of debate among some experts. Joseph Pine and James Gilmore, the two authors of a very interesting book named The Experience Economy, suggest that our nation is now moving away from the current service economy and into what they are calling the experience economy.

    The world from its inception has undergone several different economic phases. In the beginning in the first ever human economy, humans lived in a commodities driven economy. An example of a true commodity--at least the example given in the book--would be a coffee bean. Coffee as a commodity trades for about $1 per pound or roughly translated one or two cents a cup. The next economic phase the goods phase is seen in the grocery store. A manufacturer will take the coffee beans, grind them, package them, and distribute them. The beans have now become a good. The price to the consumer now lands somewhere between 5 and 25 cents a cup. Even later, in the service economy, a small coffee shop can brew the coffee and serve it in a cup for about 50 cents to a dollar per cup. So, what if the coffee is now served in a fancy expresso bar overlooking the city of San Francisco? A customer will now gladly pay $2 to $5 per cup.

    Why will someone pay up to $5 a cup for something that is only worth 50 cents somewhere else? It is the experience and memories surrounding the cup of coffee, not the actual coffee that is fetching the larger price. One quick look around and you'll start to see the new experience economy taking root. The Hard Rock Cafe, FAO Schwarz, Niketown, The Geek Squad, to name a few companies in the business. People are now hungry for services that can fill items that are higher on our list of hierarchical needs. Feeding people, or providing the goods or services they need isn't enough anymore. People are looking for experiences that will provide them with personal memories and they are willing to pay a premium to get what they want.

    To find out more about The Experience Economy and other books visit bookjive Checklist For Buying A Home
    Buying a home can be one of the best feelings in the world. Nothing beats that feeling of security and satisfaction when you open the door to a new home and are happy with your purchase. The question is, how can you best ensure that feeling is going to happen? Theeconomy, humans lived in a commodities driven economy. An example of a true commodity--at least the example given in the book--would be a coffee bean. Coffee as a commodity trades for about $1 per pound or roughly translated one or two cents a cup. The next economic phase the goods phase is seen in the grocery store. A manufacturer will take the coffee beans, grind them, package them, and distribute them. The beans have now become a good. The price to the consumer now lands somewhere between 5 and 25 cents a cup. Even later, in the service economy, a small coffee shop can brew the coffee and serve it in a cup for about 50 cents to a dollar per cup. So, what if the coffee is now served in a fancy expresso bar overlooking the city of San Francisco? A customer will now gladly pay $2 to $5 per cup.

    Why will someone pay up to $5 a cup for something that is only worth 50 cents somewhere else? It is the experience and memories surrounding the cup of coffee, not the actual coffee that is fetching the larger price. One quick look around and you'll start to see the new experience economy taking root. The Hard Rock Cafe, FAO Schwarz, Niketown, The Geek Squad, to name a few companies in the business. People are now hungry for services that can fill items that are higher on our list of hierarchical needs. Feeding people, or providing the goods or services they need isn't enough anymore. People are looking for experiences that will provide them with personal memories and they are willing to pay a premium to get what they want.

    To find out more about The Experience Economy and other books visit bookjive How To Get The Credit You Need For Your Small Business
    Getting credit for your small business can be as difficult as getting personal credit. The first place you want to start is with a bank. Most small businesses have to start with some type of bank loan to cover starting costs. The best way to approach the banker is The beans have now become a good. The price to the consumer now lands somewhere between 5 and 25 cents a cup. Even later, in the service economy, a small coffee shop can brew the coffee and serve it in a cup for about 50 cents to a dollar per cup. So, what if the coffee is now served in a fancy expresso bar overlooking the city of San Francisco? A customer will now gladly pay $2 to $5 per cup.

    Why will someone pay up to $5 a cup for something that is only worth 50 cents somewhere else? It is the experience and memories surrounding the cup of coffee, not the actual coffee that is fetching the larger price. One quick look around and you'll start to see the new experience economy taking root. The Hard Rock Cafe, FAO Schwarz, Niketown, The Geek Squad, to name a few companies in the business. People are now hungry for services that can fill items that are higher on our list of hierarchical needs. Feeding people, or providing the goods or services they need isn't enough anymore. People are looking for experiences that will provide them with personal memories and they are willing to pay a premium to get what they want.

    To find out more about The Experience Economy and other books visit bookjive Targeted Email Marketing for List Building Success
    Targeted email marketing a form of direct and bulk emailing to market your website to potential customers. Mainly this is done by emailing to specific people who have requested information pertaining to what you have to offer. With Target Email Marketing there areill someone pay up to $5 a cup for something that is only worth 50 cents somewhere else? It is the experience and memories surrounding the cup of coffee, not the actual coffee that is fetching the larger price. One quick look around and you'll start to see the new experience economy taking root. The Hard Rock Cafe, FAO Schwarz, Niketown, The Geek Squad, to name a few companies in the business. People are now hungry for services that can fill items that are higher on our list of hierarchical needs. Feeding people, or providing the goods or services they need isn't enough anymore. People are looking for experiences that will provide them with personal memories and they are willing to pay a premium to get what they want.

    To find out more about The Experience Economy and other books visit bookjive Drug Courts
    Today’s statistical evidence states that the total number of processed crimes and imprisoned people in USA has significantly increased, this implies the increase of criminal processing costs and requires more financing for the prisons. At the same time, criminal sow hungry for services that can fill items that are higher on our list of hierarchical needs. Feeding people, or providing the goods or services they need isn't enough anymore. People are looking for experiences that will provide them with personal memories and they are willing to pay a premium to get what they want.

    To find out more about The Experience Economy and other books visit bookjive the free book summaries.

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.suggestyou.com/article/189770/suggestyou-Are-We-Moving-Out-Of-The-Service-Economy.html">Are We Moving Out Of The Service Economy?</a>

    BB link (for phorums):
    [url=http://www.suggestyou.com/article/189770/suggestyou-Are-We-Moving-Out-Of-The-Service-Economy.html]Are We Moving Out Of The Service Economy?[/url]

    Related Articles:

    Real Estate Is Your Friend, Invest in It

    Publicity and Marketing Magic For Financial Planners: The Four 'More's

    Cell Phone Users in UK Going Crazy

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com