ENTREPRENEURIAL LEADERSHIP & LUXURY INNOVATION

Miami
Location
English
Language
Class Program
Format
€ 3, 900
Price (+ VAT)
Calendar: Oct 1, 2019 - Oct 3, 2019 (3 Days)

Your opportunity

These are times for luxury, a fascinating challenging market where intentional managers are asked to perform at their best, equipped with cutting edge management tools and endless creativity. This program is a unique opportunity for international professionals who want to take inspiration from luxury to further develop their career path.

 

In partnership with:

Program Agenda
off
campus
1-3/10

3 days face-to-face:
1-3 October

 

Program Location
Babson College
1200 Brickell Ave #300, Miami, FL 33131, USA

What you'll be working on
What You'll Get

You will develop a deeper knowledge of international luxury market codes with a broadened mindset; real examples will make you discover careful blending and commitment to both heritage and passion for modernity; you will learn about different industries, from cosmetics to yachting, that share the luxury logics.

 

 
What you'll be working on
What you'll be working on
You will be exposed to concepts and practical cases about the luxury companies, the new developments in the different markets, the strategies that companies use to grow their businesses in a dynamic and intensely competitive environment, the pattens of internationalization, and the challenges of entering new markets, especially in the developing countries. More specifically:

  • Entrepreneurial Leaders impact change. They change the dynamics of competition in the market. Innovation is the primary weapon of the entrepreneurial leader. Does the luxury industry have distinct strategy and innovation rules that are different from other industries? Can the luxury industry learn from non-luxury industries?

  • The luxury industry has dramatically changed in recent decades, by going through continued revolutions in digital technologies, international markets, and consumer trends. Emerging brands and new retail formats are constantly entering the industry, forcing established companies to re-think their business models and face a cultural change.

  • Innovation and Design are the cornerstones of Italian made in Italy companies. The focus is on the practices that allow made in Italy to use innovation and design as key tools for positioning a brand, while staying true to the heritage and dna of the brand itself.

  • The innovation journey is fraught with “unknowns.” The journey entails a careful steering of ambiguity (unknown unknowns) exploration, uncertainty (known unknowns) navigation and risk (known known) management. Project management is at the heart of going into the future. All projects have “unknowns.” Hence, the intentional choice, the prioritization, the resourcing and accelerating of future projects determine the success or failure of firms’ future cash flows.

  • Luxury brands exemplify paradoxes. They are timeless and trendy. They are ubiquitous and rare. They exude heritage and break traditions. Managing these paradoxes are at the heart of leading innovation at luxury brands. There are no magic formulas for managing paradoxes and creating enduring brands and brand loyalty. It is a careful choreography of fulfilling dreams, passions, and hedonism on the one hand and being pure, simple and Spartan on the other.

  • Retail space, experience, and location are critical factors behind the success of luxury companies. The aim is to explore the key aspects of these choices, and to identify the critical markets, how to select them, how to adapt when necessary to local specificities.

 

 


 

 

 

"Luxury requires you to be both highly imaginative and highly disciplined. The industry has dramatically changed in recent decades, by going through continued revolutions in digital technologies, international markets, and consumer trends. The successful companies are those that preserve their heritage and fundamental values of beauty, creativity, and exclusivity, but at the same time understand new trends and catch emerging opportunities."

Go to the CV

Gabriella Lojacono
Program Director
 

"The luxury market has become crowded and the messages cluttered. Behind all great luxury brands are entrepreneurial leaders and innovators that routinely change the game by going from clutter to clarity and getting signal from noise. These innovators embody what Nicolas Hayek (founder of Swatch) said about great brands, ‘Everything you do and the way you do everything sends a message. And the message has to Strong, Exciting, Distinctive, Authentic, Consistent, Clear and Credible."

Go to the CV

Jay Rao
Faculty Member, Babson College

Related Programs

How to register
Request information

 

 

The final deadline for enrollment is 12 September 2019. Enrollment requests are reviewed on a rolling basis, those received after the final deadline may not be accepted.

 

A 10% reduction on the program fee is offered to applications sent in by 2 August 2019.

 

Bocconi Alumni are entitled to a range of benefits and services, including special reductions on the Open Programs' participation fee. To take advantage of the discount,  please, enter your Alumnus/a status in the notes when registering for one of the programs. For more details, please contact: daniela.miglioli@sdabocconi.it
 
 
The two offers are not cumulative.
 

 
 
Standard working hours are from 9:00 am to 5:30 pm (CET)
 

 

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