Description
Book SynopsisStrategic Luxury Management is a case-rich and practical overview of how luxury creates value and why some firms are more successful than others. The focus of luxury study has traditionally centered on the clients' drivers of consumption, their perception of the brand and the way to effectively engage with them. Luxury is rarely, however, discussed from a strategic perspective: how luxury managers make complex decisions relative to their competitive environment.
The book provides insight into the luxury industry and how companies face market complexity across three key areas. First, the company itself, determining what defines a luxury firm. Second, the book offers a specific framework to assess creativity across management and not simply as an individual talent. Third, the book considers the competitive landscape and the principles that allow companies to compete consistently and meaningfully. Each chapter includes pedagogical features to ensure comprehension, includ
Table of Contents
Part 1: The Concept of Luxury 1. The Concept of Luxury: Past, Present and Future Part 2: Principles of Luxury Value Creation: The Essence of Luxury 2. The Need for a Managerial Approach: Luxury and Strategy 3. The Essence of Luxury: Unveiling the Luxury Value Creation Process Part 3: Principles of Creativity-Driven Industries: The Nature of Luxury 4. The Luxury Firm and the Role of Creativity 5. Luxury as a Creative Industry: The Creative Value System Part 4: Principles of Luxury Competition: The Means of Luxury 6. Principles of Business Level Rivalry: The Means of the Luxury Firm 7. Principles of Corporate Level Rivalry: Diversification and the Conglomerate Power 8. The Future of Luxury
