Difference between revisions of "Experience Economy"
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An economic and sociological concept coined by Josephine Pine II and James H. Gilmore in 1999. It refers to the idea that individuals will exhibit the tendency of spending an increasing amount of wealth to purchase what can be defined as “life experiences”. This desire is linked to the consumption of creative products and services, which will be increasingly tailored around the needs and tastes of the consumers. | An economic and sociological concept coined by Josephine Pine II and James H. Gilmore in 1999. It refers to the idea that individuals will exhibit the tendency of spending an increasing amount of wealth to purchase what can be defined as “life experiences”. This desire is linked to the consumption of creative products and services, which will be increasingly tailored around the needs and tastes of the consumers. | ||
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| + | == External links and references == | ||
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| + | * [https://www.youtube.com/watch?v=IjaMSCO8SjQ Lecture by James Gilmore on the Experience Economy] | ||
| + | * [http://hbr.org/1998/07/welcome-to-the-experience-economy/ Welcome to the Experience Economy by Pine and Gilmore] | ||
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[[Category:The Cultural Diplomacy Dictionary]] | [[Category:The Cultural Diplomacy Dictionary]] | ||
Latest revision as of 08:14, 4 April 2014
Experience Economy[edit]
An economic and sociological concept coined by Josephine Pine II and James H. Gilmore in 1999. It refers to the idea that individuals will exhibit the tendency of spending an increasing amount of wealth to purchase what can be defined as “life experiences”. This desire is linked to the consumption of creative products and services, which will be increasingly tailored around the needs and tastes of the consumers.
