The Luxury Network International Magazine Issue 12
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Members<br />
Affairs<br />
<strong>The</strong> Big Red Group and the Experience Economy:<br />
Trading the Currency of Human Connection<br />
<strong>The</strong> Big Red Group (BRG) operates<br />
in the experiences industry,<br />
and is parent company to<br />
businesses RedBalloon (Australia<br />
and New Zealand), Adrenaline,<br />
Marketics (Albert AI), and Redii.<br />
com. BRG delivers the framework,<br />
platforms and services to each of<br />
the separate businesses, which allows<br />
us to invest capital in our people,<br />
technology and growth. Each<br />
business benefits directly from the<br />
combined resources of the group,<br />
and this management structure allows<br />
them to focus on delivering<br />
great experiences. It is our shared<br />
sense of purpose that unites our<br />
teams. Our businesses shift the<br />
way people experience life.<br />
Our world is changing, and where<br />
people choose to spend their time,<br />
money and energy is shifting. More<br />
people are doing more experiences<br />
than at any other time in history.<br />
Experiences as a sector of the<br />
economy is talked about in the media<br />
and researched extensively, as<br />
you will see throughout this document.<br />
<strong>The</strong>re is a natural progression to<br />
everything; economies are no exception.<br />
From Agrarian to Industrial,<br />
Service to Experiential – the<br />
global economy is changing. Focus<br />
has shifted from delivering goods<br />
and services, into the space of creating<br />
and staging experiences that<br />
elevate the customer experience<br />
beyond a mere transaction, and<br />
into the realm of true value exchange<br />
between consumers and<br />
business. Similarly, for business:<br />
Cash bonuses and branded stress<br />
balls simply don’t create a commu-<br />
88