LUXURY MANAGEMENT

The primary focus of luxury brand management is to continue creating memorable experiences

Experts in luxury brand management are aware of the product placement, and they know the role they have in the market. They also analyze the brand's relationship with the customer. Tasks of a manager of a luxury brand also include attracting and retaining consumers and improving the organizational and practical management of the brand. Students end up becoming experts in making critical decisions revolving around brand repositioning and extension. They also learn how they can detect weaker products in a particular collection.

Analyzing the target audience and marketing, coupled with research on the way luxury brands interpret their brand positioning; result in a firm basis for the development of a brand strategy.

Luxury isn’t only about consumption of a brand; it's the excellence, story, and the heritage of the brand as well. Companies, by providing intangible values and deeper meanings to their audience have been able to add more to their services and products.

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AND MORE...

The art of storytelling is how luxury brands have remained relevant and have created the special position that they hold on our culture. The huge changes that technology has brought about in recent years have affected not only the way these brands communicate with consumers but also the way consumers are getting involved in the stories of the brands they love.

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