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The Family Business Model in the Luxury Fashion Context

In: Innovation in Luxury Fashion Family Business

Author

Listed:
  • Elisa Giacosa

    (University of Turin)

Abstract

We established the context for the luxury fashion business, distinguishing in relation to the affordability of the products. Taking our cue from the Miller and Le Breton-Miller model (2005), we have attempted to create a new model, identifying a series of specific features of family businesses which represent a competitive advantage in the luxury fashion context, as they typify attitudes and values typical of family businesses. These particular features are the following: corporate heritage; long-term vision in investment strategy; specialization; internal and external relationships; tendency to innovate. These particular features affect the propensity to innovate, which is the core topic of the book.

Suggested Citation

  • Elisa Giacosa, 2014. "The Family Business Model in the Luxury Fashion Context," Palgrave Macmillan Books, in: Innovation in Luxury Fashion Family Business, chapter 1, pages 6-48, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-49866-3_2
    DOI: 10.1057/9781137498663_2
    as

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