scope of luxury brand management at luxury connect business school

Today, in the capitalist society that we live in, success is measured by the size and numbers of luxury good that we acquire in our lifetime. Big cars and opulent houses are just the tip of this immense industry in the world. We all wish to make a distinct style statement by buying branded luxury goods, in the hope of enhancing our status in society.

India emerging as prime luxury good consumer

Owing to the immense growth of the luxury brand market, management professionals are finding it to be one of the most lucrative markets for making a career. According to reports from a CBRE research study, India is rapidly gaining on the US, to be positioned as the leading luxury brands market in the world. The research conducted to study the marketing and growth pattern of around 300 globally-renowned luxury brands found that such brands tend to initially focus on the major metropolitan cities, such as Mumbai and Delhi, and then expand their operations to the rest of the major population centers in the country gradually.

The report shows that the major reasons for this intense spurt in luxury brands in the country can be attributed to the increased level of disposable income and the increase in the numbers of middle-class consumers.

With this in mind, thousands of management aspirants are seeking to enter this immensely lucrative job market, not only in India, but all over the globe. Luxury Connect Business School, the no. 1 business school for training in luxury brand management, offers the right kind of training which is especially required to manage this industry.

What can you do with an LCBS Luxury Brand Management post-graduate course?

LCBS, the premium management training institute in India, is renowned for partnering with the most renowned luxury brands to help train young management executives into becoming expert luxury brand managers.

Skills and Traits of a Luxury Brand Manager

An MBA aspirant can become a proficient and excellent luxury brand manager by taking the post-graduate luxury brand management course provided by LCBS. You only need to possess a certain skill set which is essential for becoming an efficient manager, such as:

• Strong business management background
• Hands-on experience in modern management practices
• Natural flair for inter-personal interaction/rapport building for best social networking
• Leadership qualities
• Excellent communication skills
• Logical and multifunctional thought process, etc

When you have the above aspects already ingrained in you, then it becomes effectively easier to complete and excel at the advanced training provided by LCBS for becoming a luxury brand manager.

Scope as a Luxury Brand Manager

LCBS collaborates with several global leaders in the luxury industry to provide intense interaction for its students. The business school partners with BMW, Genesis Luxury, NIRAV MODI, Sotheby’s, and other such esteemed brand names in order to provide its students with hands-on training with these luxury brands.

With the post-graduate diploma course in luxury brand management from LCBS students are able to excel in their career, as luxury goods marketing managers, who have a distinctly bright future.

How Can a Course in Customer Service Boost your Career in Luxury Brand Management

Ask any management guru, and they will tell you how vital an efficient and prompt customer service is for a successful business. It forms the backbone of customer retention which results in remarkably increased sales. This is an immensely dynamic part of business management and can make or break a business entirely.

What is Customer Service in Business all about?

Ideally, customer service is the activity including the service you, and your employees, provide before, during and after purchase to your customer. It involves the interaction with your customers, which requires certain people skills which are important to provide the customer with a satisfying and pleasant experience. Good customer service should treat existing, new and potential customers, all with the same level of competence and empathy.

Importance of Customer Service

Management experts agree that these are the 5 main points which indicate the vital nature of excellent customer service for every business if they wish to be truly successful:

1-Truly Effective Customer Service Helps to Build Trust – Today, people need a solid reason to stick to any brand, As the competition increases the temptation for customers to switch to other brands, making sure of their comfort with your brand ensures stronger customer loyalty.

2-Customer Service trumps over Product’s Price – An efficient customer service is a sole driver for customers, especially in the luxury products industry. Customers are looking for a comfortable experience in the luxury industry.

3-Efficient Customer Service Increases Brand Awareness – Word-of-mouth is considered to be the best promotion medium in business, as it builds exclusive reliability and trust for the brand, especially for potential and new customers.

4-Customer Service Prevents Problems – Effective customer service can help to avoid unnecessary escalation of minor issues, which can often turn out to be undesirable for luxury brands.

5-Ideal Customer Service Increases Brand Appeal – New customers are the factor which will determine the rate of growth of your luxury brand and hence need to be treated with care. Efficient customer service makes the new customers feel important, and ensure their retention with your brand for longer.

How to gain skills required for excellent customer service?

So how do you ensure that your business provides excellent customer service? Firstly, it immensely helps when you get the right teaching, and training for efficient customer service.  Getting a hands-on course in Customer Service surely helps you achieve those skills required to serve your esteemed clients and customers. The best way to get this is to get admission into a course designed to train students in customer service.

These are the useful skills and tips that you will learn in a customer service diploma course:

• Respectful treatment of customers
• Considering customer feedback
• Gracefully handling complaints and returns
• Understanding the needs and wants of customers
• Exceeding your customer’s expectations in serving them

Luxury Connect Business School is the no. 1 management school in India. It provides not only excellent coaching but also includes hands-on training with several luxury brands in the country and abroad. You get the excellent chance of knowing the working of numerous brands, including BMW, Grand Hyatt Residences and more. LCBS has successfully placed its students at the desired positions in numerous brands, including Swarovski, Genesis Luxury, etc. LCBS has been the leading educational institute for management aspirants who wish for a bright future in their specific areas.

Study in one of the Top Business schools in Delhi NCR to enter lucrative profession of  luxury brand management

With the global economy on a fast-track capitalism theme, it has become clear that business management is one of the most lucrative career options today. Thousands of small and large companies, brand and industries are vying to reach the top of the intensely increasing competition. This competition is most felt when you are working in the luxury brand segment of the economy.

With advanced and effective business management courses in luxury brand management, it is becoming easier and more efficient to reach the level of potential required to work in this highly competitive field.

 Why you need an excellent MBS college?

There are thousands of reputed colleges in India which promise to be excellent when it comes to providing management courses.

Ideally, a college offering post graduate or Masters in business studies (MBS) is supposed to prepare aspiring business management professionals for handling senior management positions with companies and brands. This is achieved by comprehensive tutorials and learning methods, including hands-on teaching through field trips and visits to companies. The ideal MBS course should make the student proficient in the various aspects of business management, including:

• Accounting
• Finance
• Marketing
• Human Resources, etc

A postgraduate course in business studies   is an interdisciplinary course which aims to teach the finer points in excellent management, through analyzing finance, accounting, and economical, sociological and psychological points relevant to business management.

 How does a postgraduate course in business studies Help with Career Growth?

A course in luxury brand management from the Top Business school in Delhi NCR will help you to prepare with the required managerial skills which are necessary for the growth of the brand you work for, and to help you to prosper in the long run.

Check out these salient points which show what exactly makes MBS courses such an excellent choice for management professionals in India:

• Candidates with a degree in postgraduate in business management receive the significantly higher level of salary than others.
• A relevant business management course works to add immense value to your CV.
• Employers perceive a management professional with a business management course certification to be highly credible, extremely confident and able to lead their subordinates in the best possible way.
• MBS courses are designed to prepare successful business managers. The course material, along with the visits to industrial locations help to increase your confidence, enhances your management skills and instills leadership traits. This is an excellent opportunity for personal growth for you.

Top Business schools in Delhi NCR

Here is the list of the Top Business schools in Delhi:

• EMPI Business School
• Infinity Business School
• JIMS, Rohini Sector 5
• Luxury Connect Business school
• fortune school of international business
• Northern India Engineering College, New Delhi
• Amity school of engineering
• Fore school of management
• Jaypee Institute of Information Technology
• Bridge School of Management 

 These top 10 MBA colleges in Delhi NCR are ranked according to the quality, of course, the extent of hands-on training and placement opportunities provided by them. Luxury Connect Business School takes pride to be part of this esteemed list. It offers extensive course material and the higher level of teaching standards maintained throughout the year. Luxury Connect Business School is the leading business and management studies provider in the Delhi NCR area. It has a reputation for preparing management aspirants into highly competitive and excellent brand managers, especially in luxury brand management.

How does Corporate Training Help in Luxury Brand Management

Customer servicing plays an important part in every sector, but its quality plays a crucial role in the luxury sector. It is a significant differentiation in grabbing the customer’s imagination and interest in this sector.  Selling luxury is not about selling products, it is about selling experiences. It is about delighting, surprising and then, exceeding expectations.  However, in this ever-changing economic scenario, it becomes challenging to provide such experiences unless the person dealing in luxury brands understand those nuances. It is a well-known fact that consumers of luxury brands often have higher expectations than traditional consumers.  Infact, they are more sensitive more so  phisticated and even more; they do not have patience when it comes to an aggressive salesperson, which often traditional salespersons are.

So, how exactly those discreet, accommodating and doting staff of those top luxury brands get their way? Is it something that can be learned or trained? The corporate training in luxury brands can help people learn those soft skills and attitude required to manage luxury brands.

What is Corporate training?

For any organization, training is important to keep their staff updated with a current market scenario and update their skill sets. For a sustainable growth and business expansion, it becomes very important for the organizations to have the skills of their employees reoriented to keep up with the organization's mission, vision,and goal. After all staff of any brand is the face of the brand, its they who drives the sales and create a brand image for consumers. Hence corporate training is all about enriching employees with new skills to align with organization’s goals.

What is the need for training employees?

The well-structured corporate training programs from the top business schools can help your organizations with the know-how, tools, and skills to develop talent and have next generation of leaders.The training can help build a versatile and strong team of senior managers whose management is respected.

Corporate training imparted by experts can help build loyalty in the company, boost managers’ performance and improve the bottom line. It prepares managers for greater challenges so they can easily  make the transition from one managerial role to a greater one. Another advantage of these training programs is that the teamofan organization can be trained with customized management training to address specific group challenges.

Benefits of investing in employee development and training

Gives a competitive edge : In this age of competition, talent hunting is an important part of business plans of any company. However, competition is too severe when it comes to attracting talent. Retail training programs are the part of employee perks and benefits. It helps in attracting good talent for your organization and gives you an edge over the competitors.

Enhanced Employee Loyalty : Investing in corporate training gives not only your company tangible benefits but also other benefits, and an important one is increased employee loyalty. When you show interest in training and development of your employees, they feel valued and appreciated. More valued they feel, more loyal they become. They will stay longer and even can refer to other skilled people to work in your company. Besides, more loyal employees are more motivated and more engaged, and these are intangible benefits that go a long way in increasing the bottom line.

Reduced turnover : As said above, when you invest in corporate training of your employees, they feel more valued. They take it as an investment in their career development and hence, stay longer. This reduces the turnover rate of employees. The fact is high turnover rates affect the company’s position in the market, revenue, and profitability.

Prepared for sustainable growth : When your company invests in corporate training, you are prepared for sustainable growth. Your employees are updated with changing market trends and needs. They get prepared to face any future needs of the changing market and hence, ensure company's success in the long term

Many international luxury brands are understanding these benefits and are showing interest and investing in training of their employees. For example, Gucci has partnered with Polimoda, one of Italy’s top fashion schools to launch a new master’s course in Fashion Retail Management. Similarly LVMH has partnered with "Central Saint Martins" a well known fashion and design college in London, and launched a "Sustainability and Innovation in Luxury" program. In India too, brands are showing interest in such training programs to polish talent and hence, getting prepared for the market competition. Luxury Connect Business School an initiative by Luxury Connect , a leading name in the luxury brand management, is offering solutions in this regard.

How does Luxury Connect help?

Luxury Connect is supported by the experts from the global luxury world.  It helps domestic and international brands to train their staff with skills sets required to manage luxury consumers. Luxury Connect has provided training solutions to several organizations in India and helped them increase bottom line to manifolds.

Following the International Luxury Brands as mentioned above, Delhi Duty-Free Services Pvt. Ltd  (DDFS)was one of the first Indian organisation to realise  the importance for up skilling their staff, therefore they launched a "Retail Adcademy" in partnership with Luxury Connect Business School, which is an initiative by Luxury connect.

DDFS manages and operates duty-free shops at Indira Gandhi International Airport Delhi. LC provides customized training programs for DDFS employees to train them with Luxury Retail Selling Skills so that they can interact, motivate the high-end luxury consumers traveling through this busy international airport. With our training solutions, DDFS has  increased its sales for more than 100%  in last five years. LC believes in “under committing and over delivering” and “ respecting customers’ time and money,” and the same  skills are imbued in the learners.

LC in association with Luxury Connect Business School offers two short track programs namely Luxury Brand Strategy Skills (LBSS) and Luxury Retail & Service Skills(LRSS) to help organizations upgrade  brand management, retails and servicing management skills of their employees. LC focuses on the luxury sector and is an expert in this segment. Its training programsare specifically designed for the companies who provide products and services across the luxury spectrum. These training modules are delivered by these expert trainers who have a deep and intimate understanding of the needs and desires of the luxury consumers.