The Family Business Model in the Luxury Fashion Context

Elisa Giacosa
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Elisa Giacosa: University of Turin

Chapter 1 in Innovation in Luxury Fashion Family Business, 2014, pp 6-48 from Palgrave Macmillan

Abstract: 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.

Keywords: corporate heritage; family business model; innovativeness; luxury fashion context; long-term vision; relationships (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-49866-3_2

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DOI: 10.1057/9781137498663_2

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