Module overview
This module explores the unique aspects of branding in the luxury sector. Students will learn about the principles, strategies and challenges of managing luxury brands, and how to create and sustain brand equity in the high-end market. You will learn the fundamentals of luxury branding, how to analyse the key elements that differentiate luxury from non-luxury brands, explore the strategies for building and maintaining brand equity, the role of consumer behaviour in luxury branding and develop introductory skills to create luxury brand strategies.
Aims and Objectives
Learning Outcomes
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- communicate and present ideas effectively to audiences across a range of formats
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- specialist roles, skills, processes and audiences relevant to your discipline
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- creatively problem solve ideas through observation and investigation
Disciplinary Specific Learning Outcomes
Having successfully completed this module you will be able to:
- demonstrate an understanding of the role of branding and creativity in the luxury environment
Syllabus
Overview of Syllabus
1. Managing Brand Equity
2. Brand identity/ brand value Brand identity/ brand value/ brand equity
3. Events, management of brand
4. Basic communication of luxury and intro to the 7Ps of marketing
This is brocken down into the following
Branding & Brand Management:
Theories and frameworks of brand management
Brand identity and equity
Strategies for brand development and maintenance
Case studies of successful luxury brands
Week-by-Week Outline:
Theoretical Foundations of Luxury Branding
•Aaker’s Brand Equity Model
•Keller’s Customer-Based Brand Equity (CBBE) Model
•Kapferer’s Brand Identity Prism
Brand Positioning and Differentiation
•Positioning strategies for luxury brands
•Differentiation through product, service, and experience
•The sensory evolution of Luxury (luxury and the senses)
•Case studies of successful luxury brand positioning
Brand Identity and Image
•Building a strong brand identity
•Managing brand image and reputation
•The role of storytelling in luxury branding
Marketing Communications for Luxury Brands
•Integrated marketing communications (IMC) for luxury brands
•Digital marketing and social media strategies
•Public relations, events and influencer marketing
Brand Extensions and Collaborations
•Strategies for brand extensions
•Collaborations and co-branding in the luxury market
•Risks and benefits of brand extensions
Globalization and Cultural Adaptation
•Challenges of global luxury branding
•Adapting luxury brands to different cultures
•Case studies of global luxury brands
Future Trends in Luxury Branding
•Emerging trends and innovations in the luxury market
•Intro to the impact of technology on luxury branding
•Predictions for the future of luxury branding
Learning and Teaching
Teaching and learning methods
Teaching methods include:
•Case studies
•Lectures
•Seminars
•Workshops
•Group tutorials
•Independent self-study
Learning methods include:
•Accessing appropriate library and online material
•Peer learning
•In class group discussions
•Independent study
Type | Hours |
---|---|
Teaching | 48 |
Total study time | 48 |
Assessment
Assessment strategy
Feedback on your own progress and development will be given by group discussions, critiques, self-evaluation, seminars and informal presentations. Informal feedback will provide opportunities for peer group learning, peer and self-evaluation. The focus of all taught content blocks in the first year, is to build a strong foundation of knowledge and skills to support progression to the second and final years. The emphasis is on your development in the first year and understanding how to use assessment as a learning tool, in order that you can become an independent learner, adapting and evolving to achieve your potential.Formative
This is how we’ll give you feedback as you are learning. It is not a formal test or exam.
Mentor verification of practice competencies
- Assessment Type: Formative
- Feedback:
- Final Assessment:
- Group Work: No
Summative
This is how we’ll formally assess what you have learned in this module.
Method | Percentage contribution |
---|---|
Portfolio | 100% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
Method | Percentage contribution |
---|---|
Portfolio | 100% |
Repeat
An internal repeat is where you take all of your modules again, including any you passed. An external repeat is where you only re-take the modules you failed.
Method | Percentage contribution |
---|---|
Portfolio | 100% |