The luxury business model is estimated to have an annual consumption of $14.75 billion and is growing at a pace of 20-30% per year in India, whereas at a speed of 65% worldwide. With the ever-burgeoning retail sector and the infinite number of international brands expanding their base in and around the world, it becomes excessively important that there are a considerable number of trained professionals in the luxury retail and service sector. As per a national report, it is projected that by the year 2022, the Indian Luxury digital Products & Services Segment will require 5.6 million trained professionals.
Luxury Connect Business School
Luxury Connect Business School is the first luxury school in India that offers various skill development programs to educate and train in areas like brand management, retail operation applications, and customer relationship management.
The School has been carefully designed considering the standards and gaps prevalent in the Luxury Industry. Luxury Connect Business School was looking to design a customised course using myriad multimedia aesthetics to guide learners through the intricacies of various subjects related to Luxury Management yet be practical and methodical in approach. Knorish provided LCBS with the design and technology to create and deliver such a course.
“Luxury Management is a new subject that is yet to be explored. Therefore, it becomes essential that we transform the way courses are provided in the digital age that we are all a part of today.
I never imagined the impact of delivering courses to students through an Ecommerce platform and reaching students and professionals from all over the globe so conveniently. With the help of Knorish, we have created an exceptional learning course on Luxury Brand Management that impacts students from across the world”, says Abhay Gupta, CEO and Director at Luxury Connect Business School.
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Knorish’s Contribution
Head on Knorish towards a bright career with the course for precise knowledge and a superior edge over the rest.
The course comprises the luxury sector’s analysis, product, and service development in the luxury industry for Fashion, Horlogerie, Automobile, and Wine and Spirit. It also gives us an insight into the development of specific marketing strategies, branding strategies, and promotion strategies according to different global markets by laying emphasis on the luxury growth and evolution of luxury space in Asia and its expected trajectory in India.
Luxury Connect Business School has harnessed the capabilities of the popular platform “Knorish” to enhance the delivery and efficiency of its course. The cloud-based online course, discussion forums, applications, and regular assessments make the course very learner-oriented.
The Comprehensive Analytics Dashboard available for the course, a feature at Knorish with real-time data analytics that tracks the visibility, impact, and progression of the course with every enrolled student, helps LCBS get more productive and efficient.
Right now, the luxury industry is booming at a rapid pace, where more money is invested in comparison to various domains, such as finance and retail, to name a few. A person employed in this industry at an executive level, managing the brand, could earn a handsome salary.
However, the challenges in this venture are what keep things interesting as well. The career opportunities in the luxury sector are innumerable, but they must be approached with the right knowledge. Book your free demo Now.
