- Market dynamics are such, say industry experts, that big brands are being forced to address the growing need for cheap yet superior technology.
Yes, it takes "industry experts" versed in "market dynamics" of "big brands" to tell us that much.
50 paise postcard received in the mail has this handwritten message, reproduced verbatim:
- Wearing of Foot Wear is the reason of Arthritis and Podiatric diseases. (Please compare walking action, area of contact & angle of sole from surface while walking with footwear vs Bare Foot Waling). DO NOT IGNORE "NATURE".
Speaking of angles, a recent "Love Actually" column in the Hindustan Times carries these two messages (verbatim except for names):
- Hi Dear: I asked god for a rose he gave me garden, I asked god for a drop he gave me ocean, I asked god for a angel he gave me you. From Vijay.
Hi Dear: I asked God for a rose he gave me a garden, I asked god for a drop he gave me an ocean, I asked god for a angle he gve me you. From Vijay.
Here's a tip, nevertheless. Ask that angel of yours to begin Bare Foot Waling.
Speaking of angels, a gravestone I found at a cemetery reads (verbatim except for names and dates changed):
Dearly beloved wife of Richard D'Costa
Born 3rd October 1929
Died
Vindicating her honour
at Qatar
on 29th June 1963
Wrenched from us all, a lily white,
Unscathed thy soul to God it flew,
Unconquered 'neath the villian's might
The Chapter closed - yet opes anew
in Eden's Vale.
6 comments:
What, I wonder, was all that about vindicating her honour and being a white lily under the villian's might?
Sounds like she may have died resisting a rapist, or something... anyway, not something to poke fun at.
Good point, Rahul, and thanks for pulling me up on that. I will change the tone of that right away.
Aditya, actually my focus is on that word "need". Whatever cynical corporations might have done, don't you think we always had a "need for cheap yet superior technology"? I mean, to me that's like saying the sun rises every day.
Well Dilip -- one can argue about the "need" in other ways. Do we "need" ipods, smartphones, etc? I think the explosion of gadgetry, especially in the Indian context but even elsewhere, is a rather recent thing.
Just glanced at the article in question, and it opens with the MotoRazr which I, at least, don't "need" (granted, if I did need it, I'd like low price and high quality) -- but apparently some people do need it, for some definition of "need". It is that newfound "need" that the market is catering to, and that the article is talking about, I think.
Neela, you're absolutely right: when companies can get away with charging high prices, they do. Consumer demand for low prices is not enough until those prices can be satisfied by other suppliers.
A classic example is diamonds: why are they expensive, when they're plentifully available in many places in Africa? Because the worldwide trade is controlled by a cartel set up by the De Beers company. They did this in 1934 precisely so that prices wouldn't crash, and to this day they'll go to great lengths to protect that monopoly.
Another example is airlines -- look how prices dived once the skies were opened to Air Deccan et al. The same thing happened in Europe in the 1990s with EasyJet, RyanAir etc, and earlier in the US in the 1980s with Southwest etc. Before that, airline prices were ruinously high everywhere.
As opposed to the past, didn't you know, when the need was for expensive yet inferior technology
I am not sure if it's so much in the past or if it is only limited to technology, but people do want things which are expensive just because that makes them exclusive. And they don't necessarily have to be 'superior' or more useful than cheaper alternatives. The example of diamonds that Rahul brought up is an obvious one. MS Windows may be another :)
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