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Narrative 6-1 the Rolling Stones Are the Most Successful Act in the in the Music

question 47

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Narrative 6-1
The Rolling Stones are the most successful act in the music industry largely because they run the band as a business-Rolling Stones Inc. Since 1989, the band has generated more than $1.5 billion in gross revenues. That total includes sales of records, song rights, merchandising, sponsorship money, and touring. Unlike some other groups, the Stones carry no antibusiness baggage. The company licenses over 50 products from underwear to formalwear. Its record earnings from one tour came from the Voodoo Lounge tour in 1994, which grossed $121.2 million. Over the past decade, the group's songwriting has made about $56 million. The next time you see Mick Jagger, think of him as the highly successful CEO of a mid-sized corporation. The goal of the corporation is to continue providing products that differ from its competitors' offerings so that fans will continue to pay a premium price for what it sells.
-Refer to the Narrative 6-1.Which kind of positioning strategy does Rolling Stones Inc.use?

Definitions:

Cultural Intelligence

The ability to understand, respect, and effectively interact with people from diverse cultural backgrounds.

Ambiguous Gestures

Actions or signals that are unclear or have multiple interpretations, often causing confusion in communication.

Diversity Training

Programs designed to improve interpersonal dynamics by recognizing, respecting, and valuing differences among individuals in the workplace.

Stereotypes

Oversimplified and generalized beliefs about a particular group of people or class of objects, often leading to prejudiced attitudes or actions.