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PARIS | MILANO | DUBAI | SINGAPORE | MUMBAI
THE NECESSARY LUXURY FOR YOUR CAREER DEVELOPMENT
EXECUTIVE MASTER IN LUXURY MANAGEMENTEMiLUX
2018 | 2019
SDABOCCONI.IT/EMILUXESSEC.EDU/EMILUX
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX
This cooperation between SDA Bocconi and ESSEC is fully consistent with the mission of our School and with our global expertise in Luxury Management. EMiLUX will enhance dissemination of quality and values that support development, while promoting excellence with a global impact.
GIUSEPPE SODA | Dean, SDA Bocconi School of Management
A UNIQUE OPPORTUNITY TO EMPOWER YOUR CAREER IN LUXURY BUSINESSLearn from two top Business Schools, recognized leaders in luxury education: SDA Bocconi School of Management and ESSEC Business School.
This Executive Master is an exclusive program that combines world-class faculty, cutting-edge research, strong alumni networks, a hands-on pedagogy and a business oriented mindset.
THOMAS JEANJEAN Dean for Executive Education, ESSEC Business School
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX 2
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.
These are exciting times for luxury, a fascinating yet challenging market where international managers are asked to perform at their best, equipped with cutting edge management tools and endless creativity. I believe that EMiLUX is a unique opportunity for talented international professionals who want to develop their career in this growing and dynamic industry.
GABRIELLA LOJACONO | EMiLUX Co-Director,SDA Professor of Strategic and Entrepreneurial Management
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX
The shared vision between ESSEC Business School and SDA Bocconi School of Management is rooted in our cultural foundations and history, from ancient mediterranee, trade and European exchanges in the mid ages, to the Renaissance Humanism.
This shared heritage of Italy and France, home of famous luxury and fashion Houses, will train and develop future leaders who will not only master technical and analytical skills but would also be exposed to humanities, creativity, art and cultures of these two countries during the process of learning the business of luxury.
ASHOK SOM | EMiLUX Co-Director,Professor, Management Department ESSEC Business School
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX 3
EMiLUX THE NECESSARY LUXURY FOR YOUR CAREER DEVELOPMENT
2ND EDITION
WHY CHOOSE EMILUX?
WHAT IS EMILUX?
IS IT YOU?
THE PROGRAM
CLASS PROFILE
2 LIFETIME ALUMNI NETWORKS
THE SELECTION AND ADMISSIONS PROCESS
KEY FACTS SDA Bocconi reserve the right to make modifications to what is contained in this publication. We thank our students and alumni for their contributions in terms of suggestions and photographs.
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX 4
DRIVE YOUR COMPANY ON THE ROAD TO LUXURY
Participants in EMiLUX will boost their skills and self-confidence, grow rapidly towards becoming more significant contributors in their companies, may create their own companies by taking advantage of the entrepreneurial projects as well as stronger and more internationally-oriented business leaders.
WHY CHOOSE EMiLUX?
WHAT WE OFFER
EMiLUX is a post-experience, modular executive program, taught over 13 months spread over 5 cities. Participants will, without much work disruption, start opening doors they never knew existed and acquiring know-how increasing their competencies, helping them successfully meet professional and personal goals.
A JEWEL FOR YOUR CAREER
The Executive Master in Luxury Management aims to train managers and future leaders who want to know the codes of this specific industry by providing them with a comprehensive framework of the luxury value chain.
KEY FACTS
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX 5
WHAT IS EMiLUX?
A TRANSFORMATIONAL EXPERIENCE TO MANAGE LUXURY CHALLENGES
Staying true to the heritage and history of ESSEC Business School and SDA Bocconi School of Managment, EMiLUX is designed with the utmost care to provide a range of opportunities, contacts and experiences.
3TRAINING FUTURE LUXURY LEADERS
1UNDERSTANDING EUROPEAN HERITAGE AND ASIAN INSIGHTS
2MANAGING LUXURY CHALLENGES
4POWERED BY 2 TOP BUSINESS SCHOOLS, IMPLANTED IN 5 CITIES: PARIS, MILANO, DUBAI, SINGAPORE, MUMBAI
5EXPERIENCING 2 LIFETIME ALUMNI NETWORKS
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX 6
EUROPEAN HERITAGE, ASIAN INSIGHTS
Live a worldwide experience in PARIS, MILANO, DUBAI, SINGAPORE and MUMBAI to develop global perspectives, a more strategic mindset and a deeper knowledge of international luxury markets
The program benefits from the academic excellence, the expertise and the applied knowledge of our International Faculty, while showing participants two completely different and new markets, new business models and new brands emerging from these countries. With real life examples, participants will discover careful blending and commitment to both heritage and passion for modernity. Participants will be exposed to the high growth market of Dubai and the lure of the middle-east.
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX 7
IS IT YOU?
IF YOU WANT TO
Become an executive in luxury business with enhanced perspectives
Develop a deeper knowledge of international luxury market codes with a broadened mindset
Make a career switch towards the luxury sector
Experience top ranked Schools with connections worldwide
AND YOU HAVE
A university degree (in any discipline)
Minimum 5 years of work experience (not necessarily in Luxury) and are at least 27 years old
TOEFL or equivalent English proficiency test
YOUR GOALS MATCH OURS, THEN YES, IT’S YOU!
CLASS PROFILE
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX 8
THE PROGRAM
DEGREE AWARDEDExecutive Master in Luxury Management DOUBLE DEGREE: Qualification degree by ESSEC Business School and specialization certificate by SDA Bocconi School of Management.
OCTOBER 2018 - DECEMBER 2019 Over the course of the program, participants will attend 7 face-to-face residential modules and take part in distance-learning sessions, spread along 6 weeks in-between modules. A final exam at the end of each face-to face module will assess learning objectives associated with each module.
13 MONTHS 7 FACE-TO-FACE MODULES
6 DISTANCE LEARNING ONLINE MODULES
LUXURY AND RETAIL TOURS+COMPANY VISITS
ENTREPRENEURIAL PROJECT
THE COURSES
ENTREPRENEURIAL PROJECT is a Capstone Project that runs throughout the program. EPs by definition are interdisciplinary. The EP allow each participant, as a part of a small project team, to think through, exercise creativity, rigor and tenacity in applying course principles (such as strategy, operations, finance, HR, marketing, control, sales, technology management...) and contents to real business problems. This lets the participants understand the entrepreneurial process which they can use in both their personal and professional life.
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX 9
MORE
Our Master programs create new knowledge through a continuous exchange with the Business Community.
MARCO TORTORIELLO | Master Division Director, SDA Bocconi School of Management
ESSEC’s Executive Masters are transformational “change makers” designed to help rising business leaders re-calibrate and progress, strengthening their managerial skills, building their sectorial competencies, helping them assess and tackle with confident entrepreneurial spirit today’s increasingly complex and disruptive challenges, in an international context, with positive sustainable impact.
DEYI TCHERDAKOFF | Master Division Director, ESSEC Executive Education
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX I
FACE-TO-FACE AND DISTANCE LEARNING
THE FACE-TO-FACE MODULES FEATURE
Participants interacting with accomplished executives outside the school, and taking advantage of opportunities to get to know and work with fellow participants from a multitude of backgrounds and nationalities.
Participants enhancing their understanding of luxury and brand management, through theory and practice.
Participants being in a position to offer profound contributions to their field, able to seize opportunities and develop superior strategies well ahead of their competitors.
The Distance Learning consists of specific topics (e.g. creativity and design thinking, sustainability, supply chain) as well as faculty advising on Entrepreneurial Projects.
DISTANCE LEARNING
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX II
7 MODULES FOR 7 PARADOXES
DISTANCE LEARNING IS SPREAD ALONG 6 WEEKS BETWEEEN MODULES
As the world economy embraces globalization, liberalization of markets and increased complexity in managing companies, this innovative Executive Master in Luxury Management encompasses a creative way to manage the paradoxes that exist in the world of luxury today. The 7 modules will discuss and debate the following 7 paradoxes of luxury business.
1 PARIS15-20 OCTOBER 2018
FOUNDATIONS OF LUXURYManagers need to manage the timelessness of luxury brands while making them aspirational to the modern customer.
2 MILANO10-15 DECEMBER 2018
VALUE CREATION IN LUXURY MARKETSManagers of luxury business have to ensure high profitability while ensuring that high growth occurs in the globalized market space.
3 DUBAI9-14 FEBRUARY 2019
GO TO MARKETManagers of luxury business need to ensure the brand becomes desirable and sells more balanced against the more the brand sells the less desirable it becomes.
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX III
4 MILANO8- 13 APRIL 2019
STRUCTURING AND MANAGING THE VALUE CHAINWith today’s growing complexity of business, the operational value chain and synergy across the highly diversified personal luxury goods segment needs to be addressed and managed.
7 MODULES FOR 7 PARADOXES
5 PARIS24-29 JUNE 2019
ADVANCED LUXURY RETAIL MANAGEMENTManagers working in the luxury industry need to be aligned with the omnichannel paradox of digital and brick-and-mortar stores; strategies must indicate how many stores there should be, where to locate them, when to launch them and how to reach consumers in this digital world.
6 SINGAPORE9-14 SEPTEMBER 2019
EXPANSION IN NEW LUXURY MARKETSManagers need to protect heritage brands and markets while expanding into new markets, which in turn requires developing new business opportunities and models.
7 MUMBAI25-29 NOVEMBER 2019
STRATEGIC DIAGNOSIS AND BUSINESS OPPORTUNITIESManagers need to conserve French and Italian savoir-faire while catering to global consumers with increasing disposable income and asses the economic feasibility of growth strategies.
DISTANCE LEARNING IS SPREAD ALONG 6 WEEKS BETWEEEN MODULES
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX IV
THE COURSES
1 PARIS15-20 OCTOBER 2018
FOUNDATIONS OF LUXURY CHANGING FACE OF LUXURY
LANDSCAPE
CULTURAL MODELS OF BRANDING BUILDING
UNDERSTANDING AND MANAGING BRAND IDENTITY
MANAGING BRAND CONSISTENCY AND BUSINESS OBJECTIVES
HISTORY AND EVOLUTION OF ART AND CULTURAL HERITAGE
LUXURY TOUR IN CHAMPAGNE
2 MILANO10-15 DECEMBER 2018
VALUE CREATION IN LUXURY MARKETS DESIGNING AND EXECUTING
LUXURY STRATEGIES
INNOVATION AND LUXURY PRODUCTS IDEATION
CSR IN LUXURY COMPANIES
PRICING AND MERCHANDISING PLAN
LUXURY TOUR IN TUSCANY
3 DUBAI9-14 FEBRUARY 2019
GO TO MARKET DOING BUSINESS
IN MIDDLE EAST
INTERNATIONAL GROWTH OF LUXURY BRANDS
RETAIL: LOCATION AND RETAIL MERCHANDISING
RETAIL TOUR IN DUBAI
The luxury industry is full of opportunities and the psychology behind luxury product consumption is very well understood. Part of the value chain, however, is still unexploited and ripe for further improvements. Given my technical background and general managerial skills, my goal in joining EMiLUX is to strengthen my strategic and marketing understanding of the luxury world to help in the creation of additional value from idea to launch.
VALERIA BORRI BRUNETTO | ItalianEMiLUX 2017 - 2018
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX V
4 MILANO8- 13 APRIL 2019
STRUCTURING AND MANAGING THE VALUE-CHAIN OPERATIONS STRATEGY
AND COUNTERFEITING
LUXURY MARKETING & CRM
LUXURY TRADEMARKS & DESIGN
LUXURY MARKET ACCESS: CROSS-BORDER TARIFFS AND REGULATION
ITALIAN BEAUTY TOUR
VISIT TO “SALONE DEL MOBILE” MILANO
5 PARIS24-29 JUNE 2019
ADVANCED LUXURY RETAIL MANAGEMENT MANAGEMENT OF HERITAGE
BRAND, REVITALIZATION, HERITAGE STORE
DIGITAL TRANSFORMATION AND THE “CONNECTED STORE”
CRAFTING AND MANAGING THE EXPERIENCE OF LUXURY
LUXURY BRAND COMMUNICATION AND SEMIOTICS
RETAIL SAFARI IN PARIS
6 SINGAPORE9-14 SEPTEMBER 2019
EXPANSION IN NEW LUXURY MARKETS THE ROLE
OF EMERGING MARKETS IN THE LUXURY INDUSTRY
EMERGING MARKETS LUXURY BRANDS
MANAGING THE CHALLENGES OF MULTI-BRAND CONGLOMERATE
ASIAN CONSUMER BEHAVIOR & EXPERIENCE MANAGEMENT
RETAIL TOUR IN SINGAPORE
7 MUMBAI25-29 NOVEMBER 2019
STRATEGIC DIAGNOSIS AND BUSINESS OPPORTUNITIES LEADERSHIP SEMINAR
CORPORATE GOVERNANCE IN LUXURY COMPANIES
STRATEGIC ANALYSIS AND PLANNING IN LUXURY INDUSTRIES
NEW COMPETITIVE LANDSCAPES: INDIA AND SOUTHEAST ASIA
GRADUATION
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX VI
DEDICATED FACULTY
The EMiLUX Directors represent the love of teaching and dedication to a high-end quality of life that characterize the program. The work of the EMiLUX faculty is grounded in research, publishing, teaching and consultancy with some of the most famous luxury companies in the world.
GABRIELLA LOJACONO | EMiLUX Co-Director, SDA Bocconi School of Management
ASHOK SOM | EMiLUX Co-Director, ESSEC Business School
PAOLA CILLO | SDA Bocconi Professor, teacher of Innovation and Luxury Products Ideation
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX VII
DEGREE
ECONOMICS 48%
HUMANITIES 28%
ENGINEERING 8%
SCIENCES 8%
LAW 8%
CLASS PROFILE 2017/18
WORKING EXPERIENCE
4-5 YRS 10%
6-8 YRS 18%
9-12 YRS 28%
13-17 YRS 26%
>17 YRS 18%
SECTOR
FASHION, DESIGN & LUXURY 28%
CONS. PROD/LUX GOODS 18%
FIN. SERV/CONSULTANCY 15%
DISTRIB/MKTG/COMM. 14%
INDUSTRY 13%
EDUCATION & TRAINING 5%
ENTERTAINMENT AND SPORTS 5%
FOOD & BEVERAGE 2%
AGE
<31 YRS 8%
31-33 YRS 13%
34-36 YRS 28%
37-40 YRS 23%
>40 YRS 28%
GEOGRAPHIC ORIGIN
AFRICA & M.EAST 10%
ASIA 13%
EUROPE 26%
ITALY 28%
FRANCE 13%
LATIN AMERICA 2%
NORTH AMERICA 8%
COUNTRIES REPRESENTED
20Algeria, Brazil, Canada, China, Egypt, France, Greece, India,
Italy, Lebanon, Malaysia, Portugal, Russian Fed.,
Spain, South Korea, Sweden, Switzerland, Turkey, Ukraine, Usa
NUMBER OF PARTICIPANTS
39 (Int. students: 23 - Italian students: 11 - French students: 5)
AGE
38yrs (Average)
WORK EXPERIENCE
12yrs (Average)
WOMEN
77%
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX VIII
2 LIFETIME ALUMNI NETWORKSEMiLUX participants develop an international professional network second to none - being Alumni from two prestigious international Business Schools, they enhance their worldwide reach.
BAA BOCCONI ALUMNI ASSOCIATIONAlumni are one of the greatest assets of business schools throughout the world. Bocconi Alumni Association (BAA) brings together more than 100,000 Alumni who have acquired a Bocconi Degree. Over 12,000 come from SDA Bocconi MBA and Master’s Programs.
ESSEC ALUMNI ASSOCIATIONThe ESSEC Alumni Association currently gathers a community of 50,000 graduates, with over 62 Alumni chapters located worldwide. As well as giving career advice to ESSEC graduates, the ESSEC Alumni Association offers a wide range of services and organizes special events, in order to develop the ESSEC network and image.
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX IX
TH E SELECTION AND ADMISSIONS PROCESSAdmission to the Executive Master in Luxury Management is based on a rigorous selection process. Candidates are selected according to a specific set of admissions criteria devised by the Schools and designed to guarantee participants and companies a high-quality educational experience.
SELECTION CRITERIA
UNIVERSITY DEGREE IN ANY DISCIPLINE
SIGNIFICANT WORK EXPERIENCE (AT LEAST 5-6 YEARS)
HIGH LEVEL OF ENGLISH PROFICIENCY
ONLINE & POST - SDA BOCCONIFill out and submit the online application through our website and send all required documents. For further clarification on individual applications and to send all documents related to your application, please contact the Admissions Service at:
admissions.emilux@sdabocconi.it
The University degree certificate must be sent to:SDA Bocconi - Masters Division, Recruiting and Admissions ServiceVia Balilla 18 - 20136 Milan - Italy, Tel. +39 02 5836 3176Fax. + 39 02 5836 3272
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX X
EMiLUX. THE NECESSARY LUXURY FOR YOUR CAREER DEVELOPMENT.
* An “Early Bird Fee” of € 30.600 (VAT exempt) will be granted to candidates that have been admitted and paid the deposit fee before 16 July 2018. Travel expenses and accomodation are not included.
KEY FACTS
TUITION FEES*€ 36,000 (VAT exempt)
START 15 October 2018
APPLICATION DEADLINE 29 June 2018
INFOLINE: SDA Bocconi +39 02 5836.3176 admissions.emilux@sdabocconi.it www.sdabocconi.it/emilux
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX XI
ESSEC, founded in 1907, is one of the world’s top management schools and holds the “triple crown” accreditation from EQUIS, AACSB and AMBA. The school’s reputation is built on a pioneering spirit that shapes both its scientific ambitions and its pedagogical approach, and is reflected in its extensive alumni community. ESSEC Business School is a center of academic excellence underpinned by its faculty’s research.
The mission of ESSEC Business School is to create and disseminate cutting-edge knowledge, to train and develop bold pioneers and influential leaders for both the business world and society as a whole.
ESSEC Business School encourages students and participants in its programs to anticipate – and meet – the economic, managerial, social, environmental and ethical challenges of an increasingly uncertain world. The school helps them achieve complex goals by leveraging technology with a human touch.
Through its undergraduate, graduate, executive education and PhD programs in Europe, Asia-
Pacific, Africa, and beyond, ESSEC Business School trains agile, creative and open-minded professionals and fosters a spirit of lifelong learning. Our students learn to reconcile academic knowledge and cultural heritage with their own experience to develop individual and collective freedom and success.
SDA BOCCONI SCHOOL OF MANAGEMENT
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FOLLOW SDA BOCCONI ON: f i l x
SDA Bocconi School of Management | Masters DivisionRECRUITING AND ADMISSIONS SERVICE Via Balilla, 18 - 20136 Milano, ItalyTel: +39 02 5836 3176 | admissions.emilux@sdabocconi.it
FOLLOW ESSEC ON: f i l x
ESSEC Executive Education l EMiLUX RECRUITING AND ADMISSIONS SERVICE CNIT BP 23092 053 Paris-La Défense - France | Tel: +33 (0)1 46 92 49 00 | emilux@essec.edu
ACCREDITATIONS• AACSB International - The Association to
Advance Collegiate Schools of Business• EQUIS - European Quality Improvement System• AMBA - Association of MBAs• RICS - Royal Institution of Chartered Surveyors• CFA Institute
RECOGNITIONS• EESPIG - national label delivered by the French
Ministry of Higher Education and Research for non-profit higher education institutions with a high impact on national general interest
• MENSR - degrees recognized by the French Ministry of Higher Education and Research
• CGE - degrees recognized by the French “Grandes Ecoles” Association
• RNCP - degrees recognized by the French Directory for Professionals Certifications
• CPE - Council for Private Education, Singapore
RANKINGS• The Economist• Financial Times• QS• Le Parisien• L’Etudiant• Le Figaro• Le Point
EXECUTIVE MASTER IN LUXURY MANAGEMENT EMiLUX XII
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