The Master in Luxury Goods Management, with its part-time structure that allows participant to keep working while attending the program, is aimed at professionals who wish to boost their career within the luxury industry or switch their career to the luxury industry, a sector that requires both an understanding of the process of creativity and a solid managerial approach in order to succeed in an international multifaceted environment. With a concrete approach, EMLUX allows you to understand the peculiar logic and strategies of luxury companies, who master the ability to craft products that are desired by clients worldwide.
Learning objectives
Starting from the necessary cultural foundations of luxury and the understanding of the utmost importance of craftsmanship and of the Métiers d’Art which are vital for this industry, EMLUX proceeds to unravel the managerial tools that dominate the functions of a luxury company, with a particular focus on brand and marketing management, communication, retail, finance and accounting, which are key to obtain economic stability and long term growth. Our cross-functional approach is the key for modern managers, who need to tackle the implications and impact of the decisions within their functions.
Focus on luxury
EMLUX seeks to meet luxury firms’ requirements in the phases of selecting talents who understand the multicultural environment of these businesses and are able to manage complex environments.
Our program will allow you to:
● understand the structure and dynamics of the industry
● focus on the diverse skills related to the particular operational, financial, marketing and product issues that impact strategic and business decisions in the luxury industry
● direct your skills, developed in a different industry, toward the luxury industry
● enhance your career through a master’s degree
● develop your career within the luxury industry, if you are a young talent
EMLUX exposes you to the direct interaction with managers of the industry and organizes meetings in class with HR managers from companies of the industry.
Career opportunities & professional recognition
EMLUX allows you to acquire an overview of all the different functions of a luxury company so you may be able to understand the peculiarities of the companies that operate in this sector, especially for the following positions:
● Marketing or brand manager
● Product manager
● Licensing manager
● Retail/wholesale manager
● Communication manager
● Area manager
● Buyer/merchandiser
Curriculum
● Luxury: definition, environment and characteristics – introductory course
● Sociocultural analysis of luxury
● Human resource management & business organization
● Cross cultural management & organization
● Marketing management
● Brand management
● Global integrated marketing communication
● Research techniques in the luxury industry
● Accounting, financial management and performance measurement
● Pricing and retail in the luxury industry
● Sales and customer relationship management
● Legal issues
● Supply chain strategy and network design
● Manufacturing, distribution & operations
● Product design and development
● Innovation & trends
Partner companies
EMLUX has been developed in collaboration with the Cologni Foundation of the Métiers d’art and with the Fondation de la Haute Horlogerie.
Teaching method
Considering the diverse backgrounds of participants, courses are structured with a course owner of academic experience to give an overview of the main topics of the course and give participants the fundamental tools and vocabulary to understand the specific issues of the area, which are then declined by professionals of the luxury industry.
The teaching method is based upon lessons, case analyses, presentations, group and individual work sessions, out-of class assignments and finalized by a Project Work with a practical approach to a managerial issue pertaining to the luxury industry. To complete the perspective on the luxury environment EMLUX activities include company visits, that over the years have been to Hermès (Paris), Ferragamo (Florence), Gucci (Florence), Azimut Benetti (Livorno), Vacheron Constantin (Geneva), Armani Hotel (Milan), Ferrari Lunelli (Trento), Caffè Florian (Venice), Fondation Cartier (Paris), Monaco Yacht Show (Montecarlo), Ermenegildo Zegna (Milan) and many more.
Session in Paris
True to its international vocation, EMLUX has developed a session in Paris, France, with a focus on French luxury, that includes both lectures by experts such as Jean-Noel Kapferer, Michel Chevalier and Gilles Auguste and visits to luxury companies and institutions.
A part-time program focused on luxury EMLUX – Executive Master in Luxury Goods Management will begin in Milan, Italy, one of the world capitals of luxury and fashion, its 7th edition, counting over 100 alumni from all over the world.
Continuing education
EMLUX has a part-time structure (Friday and Saturday twice a month for 10 months) specially designed for professionals who wish to keep their position while continuing their education, either to boost their career within the luxury industry or to facilitate the switch from their area of expertise in an another sector to the same area of expertise in the luxury sector.
Leading professional faculty
EMLUX lecturers and professors share their experience developed in the main sectors, such as fashion and leather goods, watches and jewelery, yachts, automotive, wines & spirits, perfume & cosmetics and hotellerie.
Cross-functional approach
EMLUX has been developed with a cross-functional perspective, exploring all areas, from marketing to supply chain, from accounting to communication, so as to give EMLUX students a complete overview of the managerial issues pertaining to the specificities of the luxury environment.
Scholarships
All scholarships are assigned on a merit basis and will be mostly given to students who apply by the priority deadline. Some scholarships may also target specific geographic regions.
Scholarship value: €5000
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