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Beverly Hills

DIOR

Eight Inc

Beverly Hills

1/6

Marketing and Management of Luxury Markets

Luxury Incubator

( #LuxuryIncubator )

The Luxury Incubator project was delivered for MBA students at the Chapman Graduate School of Business at Florida International University.

The Luxury Incubator - MBA Project is designed to develop an understanding of the principles and practices that contribute to the global success of luxury brands. The industry of luxury brands is defined by a complex and unique approach to its business practices. The project is designed to examine the markets of luxury products and services and their development from local to global brands. The project shows how psychology, business practices, and innovation play a vital role in creating a luxury brand culture and lifestyle. The project examines the management and marketing techniques unique to the luxury industry by analyzing the market's leading players. This project teaches how to understand the value of finding exclusivity and distinguishing the brand's quality and creativity. It provides a comprehensive understanding of what it takes to run a successful luxury brand that shapes industry trends.

Project Objectives:

Analyze and assess the marketing strategies of the luxury brands
Compare and contrast management of entry into the luxury market
Evaluate the role of luxury brands
Highlight the potential strengths and weaknesses of luxury brands
Examine the importance and challenges of customer acquisition, customer retention, and the role of the customer experience

Learning Objectives:

Recognize trends and developments in the global distribution of luxury goods
Define characteristics of luxury customers and luxury guest experience
Identify value perception in luxury goods
Examine recent developments of global luxury markets
Examine management of the luxury market

Course Project:

Study of luxury markets in the US. Comparative case of luxury markets in three sectors: hospitality, retail, and real estate.

Residency: March 26 - April 2 (New York City, Los Angeles, Beverly Hils, Newport, Laguna Beach, Costa Mesa).

Eight Inc.

SEC

DIOR

Robb Report

Wilshire Beverly Hills

Montage

Rose Cafe and Bakery

South Coast Plaza

Bacio di Latte

Bear Flag Fish Company

Students completed a hands-on project in groups examining, analyzing, and comparing the design and management of the luxury market and brands in three main sectors: design, hotel/hospitality, and retail industry.