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- W2590522503 abstract "This chapter aims to provide the luxury industry and academia with a value creation model, the SLOW (Sustainable Luxury for Overall Well-being) that represents different types of sustainability engagement relevant to luxury industry dynamics. The SLOW model focuses on sustainability strategies and sustainable practices of luxury goods/services companies based on a value creation model that takes into consideration both shareholder value and social value. The vertical axis is built on the luxury goods/services company’s need to manage the business with added shareholder value while the horizontal axis is built on the company’s need to create social value, as necessitated by today’s societal and environmental challenges. The four plots that represent different types of sustainability engagement in the luxury industry are Self-indulgent Luxury, Refined Luxury, Thoughtful Luxury, and Sustainable Luxury for Overall Well-being, respectively. The SLOW value creation model is a theoretical contribution that helps understand and differentiate between four different types of sustainability engagement that lead to varying degrees of shareholder value and social value. The model sets the stage for further empirical research in the sustainable management of luxury." @default.
- W2590522503 created "2017-03-03" @default.
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- W2590522503 date "2017-01-01" @default.
- W2590522503 modified "2023-09-25" @default.
- W2590522503 title "Redefining the Essence of Sustainable Luxury Management: The Slow Value Creation Model" @default.
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- W2590522503 doi "https://doi.org/10.1007/978-981-10-2917-2_1" @default.
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