Geneva, Switzerland

MBA in Luxury Management

Table of contents

MBA in Luxury Management at IFM

Language: English Studies in English
University website: www.ifm.ch
Type: MBA
Duration: 1 academic year (2 semesters)
Accreditation: ACBSP, IACBE, EDUQUA

Definitions and quotes

Management
Management (or managing) is the administration of an organization, whether it is a business, a not-for-profit organization, or government body. Management includes the activities of setting the strategy of an organization and coordinating the efforts of its employees (or of volunteers) to accomplish its objectives through the application of available resources, such as financial, natural, technological, and human resources. The term "management" may also refer to those people who manage an organization.
Management
The remarkable thing about management is that a manager can go on for years making mistakes that nobody is aware of, which means that management can be a kind of a con job.
Akio Morita (1987). Made in Japan, p. 154
Luxury
Blesses his stars, and thinks it luxury.
Joseph Addison, Cato, A Tragedy (1713), Act I, scene 4.
Management
Poorly managed corporations, disorganized businesses, and badly led service agencies experience crisis daily and most will eventually fail. In contrast, the danger is to well organized, smooth running institutions that may not recognize a building crisis. Too often, sound organizations rely on their normal modus operandi to pull them through a crisis. It might. But at what cost? And what if it does not pull them through?
Wheeler L. Baker, Crisis Management: A Model for Managers (1993), p. 6
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