Module overview
The module aims to review the main concepts, methods and tools which are used in the strategy analysis, formulation and implementation processes. These processes will be applied at a corporate, business and operation level to luxury organisations.
The perspective of this module is for a luxury manager to understand the realities and practices of managing and subsequently maximising the overall performance of luxury organisations. The module analyses the key factors and drivers of an organisation’s performance and identifies external and internal changes that may affect performances. Issues such as globalisation, innovation, entrepreneurship as well as leadership and the practice of strategy in a luxury context are considered.
The aim of the module is develop the application of key strategic theoretical tools to real-life situations, from a management, organisational and creative context.
Aims and Objectives
Learning Outcomes
Knowledge and Understanding
Having successfully completed this module, you will be able to demonstrate knowledge and understanding of:
- the relevant theories and practices of strategy and how they can be utilised to contribute to luxury business performance;
- the creative and design environment within which luxury brands operate.
- core strategic management and strategy practices, including understanding of the external, global and internal environment of luxury organisations;
Disciplinary Specific Learning Outcomes
Having successfully completed this module you will be able to:
- demonstrate advanced level of knowledge of luxury marketing & management issues in luxury;
- demonstrate a critical understanding of strategic luxury brand management;
- develop a critical understanding of luxury globalisation.
Subject Specific Intellectual and Research Skills
Having successfully completed this module you will be able to:
- identify and analyse strategic opportunities and critically apply the tools and techniques presented to develop coherent and evidence based recommendations in a luxury market context.
- critically evaluate and implement specific concepts and techniques to manage at a strategic level across a range of luxury business scenarios and case studies;
Transferable and Generic Skills
Having successfully completed this module you will be able to:
- work autonomously as well as with others showing initiative and personal responsibility in a number of contexts;
- critically engage with ideas and situations as well as communicate effectively with a range of audiences.
Syllabus
- Understanding key theories of strategy and their application to the luxury industry.
- Undertaking real life luxury management consultancy projects.
- Understanding and investigating opportunities and scenarios available to luxury brands.
- Developing strategic management and marketing thinking.
- Understanding the macro and micro environment within which luxury brands operate.
- Understanding of design and creativity in a luxury context.
Learning and Teaching
Teaching and learning methods
Teaching methods include:
- Lectures
- Tutorials/Seminars
- Case studies
- Class discussions
- Presentations
- Group surgeries
Learning activities include:
- Case studies
- Role play
- In-class discussions
- Independent learning (this will involve independent reading, analysis of key concepts, theories, case studies, undertaking research into key topics, guided reading)
Type | Hours |
---|---|
Independent Study | 174 |
Teaching | 26 |
Total study time | 200 |
Resources & Reading list
Internet Resources
Journal Articles
Journal of Business Research. Journal of Business Research.
Journal of Fashion Marketing and Management. Journal of Fashion Marketing and Management.
Journal of Brand Management. Journal of Brand Management.
Journal of Business Research. Journal of Business Research.
Journal of Marketing. Journal of Marketing.
Luxury: History Culture and Consumption. Luxury: History Culture and Consumption.
European Journal of Marketing. European Journal of Marketing.
Journal of Marketing Communications. Journal of Marketing Communications.
Harvard Business Review. Harvard Business Review.
International Journal of Market Research. International Journal of Market Research.
Journal of Consumer Research. Journal of Consumer Research.
Business Horizons. Business Horizons.
Textbooks
Smilansky, S. (2009). Experiential Marketing. London: Kogan Page.
Keller, K. (2013). Strategic Brand Management: Building, Measuring and Managing Brand Equity. Boston: Pearson.
Ricca, M. & Robin, R. (2012). Meta-luxury: Brand and the Culture of Excellence. London: Palgrave Macmillan.
Hoffmann, J, & Coste-Maniere, I. (2012). Global Luxury Trends: Innovative Strategies for Emerging Markets. London: Palgrave Macmillan.
Chevalier, M. (2012). Luxury Retail Management: How the World's Top Brands Provide Quality Product and Service Support. Singapore: Wiley.
Heil, O, Langer, D. (2015). Luxury Essentials: Essential Insights and Strategies to Manage Luxury Products. US: Centre of Research on luxury.
Kapferer, J.N. & Bastien, V. (2012). Luxury Strategy: Break the Rules of Marketing to Build Luxury Brands. London: Kogan Page.
Hoffmann, J, & Coste-Maniere, I. (2011). Luxury Strategy in Action. Basingstoke: Palgrave Macmillan.
Czerniawska, f. & Toppin, G. (2010). The Economist: Business Consulting: A Guide to How it Works and How to Make it Work. Economist Books.
West, D, Ford, J, & Ibrahim, E. (2015). Strategic Marketing: Creating Competitive Advantage. Oxford: Oxford University Press.
Assessment
Formative
This is how we’ll give you feedback as you are learning. It is not a formal test or exam.
FeedbackSummative
This is how we’ll formally assess what you have learned in this module.
Method | Percentage contribution |
---|---|
Group presentation | 20% |
Consultancy Report | 80% |
Referral
This is how we’ll assess you if you don’t meet the criteria to pass this module.
Method | Percentage contribution |
---|---|
Report | 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 |
---|---|
Report | 100% |
Repeat Information
Repeat type: Internal & External