Localized production, worldwide existence and presence on two of the most significant globalfinancial markets are the three main factors for the global success of Luxottica Group.
An important constituent of the plan governing the preliminary setup and growth of theorganization was the localization of the complete manufacturing in the industrial district of
elluno in Italy, where about 750 companies and 9000 workers are situated.
Promotion, commercialization and delivery plans, offering a high standard of service to clientsare strongly incorporated with the development of manufacturing.
Stock exchange listings
The third aspect that added up to the development of Luxottica was the listing in 1990 on NYSEor New York Stock Exchange and in 2001 on Milan
orsa as the enlistment has broughtnumerous benefits.
Characteristics and Process of Change
The courses of constant and progressive organizational transformations undergone by Luxotticagroup are demonstrated by various particular occurrences. Firstly, the firm that was a familyorganization created as a vendor providing moulds and glasses elements for other firms, startedmanufacturing complete eyeglasses frames in a short span of starting its production, resulting ina alteration in the model of organization of manufacturing. As a matter of fact, Luxottica startedto apply a system of vertical assimilation, wherein it played the role of the lead companyutilizing external subcontracting as the foundation for manufacturing.
ut the requirement tokeep quality standards persuaded the organization¶s head to drift in the direction of internalization and amalgamation of outside employees in the firm. Currently the goods thatLuxottica makes are mainly produced in Italy in the six manufacturing sites and still a main