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Sunday, June 15, 2008

  

The different faces of affluence

Do you work to impress
or do you live to work?

It is common knowledge that a small percentage of the population, the socioeconomic classes AB or the Philippines’ most affluent, continues to drive personal consumption expenditure in this country. Considering the size of this group, marketers often treat it as a single and homogenous niche.

McCann Worldgroup Philippines challenged this convention by initiating a McCann Pulse study that delves into key differences and sub-groups within the affluent market. The study, entitled “AFFLUENZA: The Different Faces of Affluence,” targeted managers, managing directors, CEOs, vice presidents, Filipino entrepreneurs, Filipino-Chinese businessmen, Spanish mestizos, new rich, old rich and nouveau rich.

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O T H E R   R E P O R T S

 

“Reading is an integral part of basic education, it is the foundation for all disciplines,” declared Don Timothy Buhain, chief operating officer of Rex Book Store, Inc.

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Convergys Corp., a global leader in relationship management, will expand operations in the Philippines by nearly 50 percent with the addition of five new integrated contact centers throughout the country, the company announced recently.

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Pioneering retail chain Rustan’s Supermarket partners with the Cancer Resource and Wellness Community (Carewell) for the display and sale of specially designed ceramic mugs by renowned ceramicist Lanelle Abueva-Fernando.

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NOTE VERBALE
By Jaime N. Soriano

An average Filipino devotes at least 14 years of his or her life in school from elementary to college. Some others would spend a couple of years more.

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Ping Oco, Franklin Bartolay
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