Preview

Market Study of Watch Brands

Powerful Essays
Open Document
Open Document
1416 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Market Study of Watch Brands
Plan of Action
11th Feb: - Final Submission

10th Feb: - Binding

9th Feb: - Final Editing & Formatting

5-8th Feb: - Editing and Correction of Analysis & Findings

4th Feb: - Report Draft Submission to Mentor

3rd Feb: - Reading & Drafting of the Project

28-31st Jan: - Chapter 5

22-27th Jan: - Chapter 3 & 4

17-21st Jan: - Chapter 1 & 2

ABSTRACT

Most of the fashion accessories which are considered luxury items are now becoming basic necessities, among the most popular accessories today is the wrist watch. Wrist watches today have become the integral part of an individual and are reflection of his/her persona.

India is home to the several top watch brands like Timex, Citizen, Titan and Sonata. These top home brands in India offer variety of watches that caters to the different requirements of the consumers, but these brands are facing tough competition from the numerous foreign brands like Movado, Rado, Rolex, Longines and Swatch.

This project covers time-keepers at national and international levels. The project includes the study of marketing and positioning strategies of the various watch brands for men. Various features of watch like quality, price, design, brand image, warranty are considered that affect the consumer buying decision. Promotional techniques that aware the consumers about the brand and motivates him to buy a particular brand are studied.

OBJECTIVE: -

1. To study the distinctive international and Indian men’s watches brands available in India and to analyse their marketing and positioning strategies which differentiates them from each other.

2. To study the consumers perception towards the existing brands.

3. To analyse what, where and why consumers are buying.

4. To find the market leader in the watch segment

RESEARCH METHODOLOGY: -

The project includes primary and secondary method of data collection formulate the study; it includes the survey, cases studies and analysis based on

You May Also Find These Documents Helpful

  • Good Essays

    Rolex is a Swiss watch making manufacturer of high-quality, luxury wristwatches. Rolex watches are popularly regarded as status symbols and Business Week magazine ranks Rolex No.71 on its 2007 annual list of the 100 most valuable global…

    • 628 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Rolex watches are very expensive and can only be purchased in high-end jewelry stores located in large metropolitan areas. Most buyers will accept no substitutes. Rolex watches are an example of a shopping product.…

    • 578 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Culpan, R. (1991) cited in Gong, W. (2009). National Culture and Global Diffusion of Business-To Consumer E-Commerce. Cross Cultural Management: An International Journal. [Internet], 16 (1), pp. 83-101, Available from: [Accessed 29 December 2010].…

    • 7424 Words
    • 30 Pages
    Powerful Essays
  • Powerful Essays

    Sample Imc Plan

    • 2729 Words
    • 11 Pages

    By introducing the target marketing process & various specific elements of which, such as the identifying of unfulfilled needs, market segmentation, selection of a target market & positioning, the examination of Azzimuth Watch Company's marketing process can be done properly to identify how else to better its branding effectiveness to eventually obtain the goal of penetrating the market with desired results. As such, Azzimuth can grow into a leading brand for its products, delivering effectively what they have planned.…

    • 2729 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Dwqdqwdxxxxxxxx

    • 2742 Words
    • 11 Pages

    Rolex watches are very expensive, can only be purchased in high-end jewelry stores located in large metropolitan areas, and most buyers will accept no substitutes. Rolex watches are an example of a shopping product.…

    • 2742 Words
    • 11 Pages
    Powerful Essays
  • Better Essays

    Pr Questions

    • 1234 Words
    • 5 Pages

    Here the factor would be the brand but not because of the recognition but because of its’ reliability. Rolex has been known to read the time with absolute accuracy since its first model. The watch has been use since world war one because of this feature, it was, it is and it will be the perfect watch for the more demanding costumer. Last factor would be price, obviously this is not a watch that anyone can afford so the publicity must be made for the specific target market.…

    • 1234 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Annie

    • 2471 Words
    • 10 Pages

    This paper will discuss the positioning and success of Hublot watches in achieving the luxury watch worldwide. In order to make a good analysis, a lot of information has been gathered through the official website as well as the advertisement on TV. These information is also combined with the knowledge of marketing mix and positioning acquired earlier in the course. The main concepts mentioned have been sourced from Brassington F. And Pettitt S.(2007). Discussion will focus on the usage of the four element of marketing mix---product, price, place and promotion.…

    • 2471 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    Marketing Plan

    • 5555 Words
    • 23 Pages

    Fossil aims to enlarge their product line and enter the moderate-luxury products niche in the watch sector, which is the Fossil Class. Thus this report will analyze the product expansion of the Fossil, Inc. and also give a clear picture of its marketing plan and strategies to enter the Indonesian market, as it offers great opportunity and also shows an outstanding market outlook. The Fossil Class’ watches are estimated to gain 5% of market share in the watch industry for the first year. Upon further investigation, the company will identify the targeted market based on the consumers geographic, demographic, psychographic, and psychological factors that has defined the social trends and the involvement level…

    • 5555 Words
    • 23 Pages
    Powerful Essays
  • Good Essays

    Watches evolved from portable spring driven clocks, these watches first came about in the 15th century in Europe. Watches are portable time pieces that were made possible by the invention on mainspring. In 1868 Patek Philippe invented the very first wrist watch for Countess Koscowicz of Hungary. In 1880 Constant Girard industrialized the concept of wrist watches that were geared toward German naval officers. At this time 2,000 wrist watches were produced, this event represents the commercialization of wristwatches only for men. Women openly wore wrist watches until the First World War. In 1904 the wrist watch began to become more popular. The Santos wrist watch first sold in 1911. The pocket-watches were still the dominant style favored by men until the First World War. During the war soldiers needed hands free watches; these were called “trench watches.” These watches resembled pocket watches. In 1930 after the war pocket-watches went out of style. Later in 1923, John Harwood invented the first successful winding system.…

    • 761 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Swiss Army Marketing

    • 569 Words
    • 3 Pages

    Swiss Army has leveraged its equity of high brand awareness (92%) with the consumer to extend its brand to beyond the pocket knife product. In 1989 Swiss Army launched its Swiss Army watch. This brand extension was very successful and Swiss Army watches have the no. 2 position for watches $500 and under. With the success of the watch, in the 1990s Swiss Army moved to further extend its brand into the areas of travel gear, apparel and accessories. These brand extensions have also proved profitable for Swiss Army. An extension of the brand has broadened the range of customers and raised the level of consciousness for the brand. Swiss Army is now looking at providing the customer with an in-store experience. The company has a strong relationship with retail vendors especially focusing on displays, methodology for selling the brand and working with the associates. Swiss Army is now extending the customer experience by creating the Swiss Army store, which carries the range of its product line, it is primarily focused on the young and curious consumers, therefore attracting another generation of Swiss Army consumers.…

    • 569 Words
    • 3 Pages
    Good Essays
  • Best Essays

    In this paper, I will be explaining the marketing approaches that Under Armour shoe division is taking in competing against rivals competitors in the shoe division, its approach and initial take on expanding into the field, also some key factors in different marketing approaches and direction it’s heading in. I will be discussing concepts used regarding corporate image and brand management and integrated marketing communications, finally, researched articles and data in reference towards the marketing approach Under Armour has taken in the questions provided by the professor.…

    • 1957 Words
    • 8 Pages
    Best Essays
  • Powerful Essays

    Research Methods

    • 4907 Words
    • 20 Pages

    In terms of different data collection methods, there are several primary research methods that frequently used in most research projects and to achieve different purposes separately. The research data and statistics can be effectively collected through conducting different research methods like observation, interview and questionnaire, in some cases, the secondary data may also available to researcher and Saunders et al. (2003) mentioned that when the research projects are…

    • 4907 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    competitor within the watch market today. With watches in today's market having the use as both a…

    • 6117 Words
    • 25 Pages
    Powerful Essays
  • Better Essays

    Business Decision Making

    • 2259 Words
    • 9 Pages

    The main part of the research for this project will consist of one primary method, survey.…

    • 2259 Words
    • 9 Pages
    Better Essays
  • Good Essays

    Kamias Soap

    • 513 Words
    • 3 Pages

    This chapter presents the Methods of Research used, the Sources of Data, Data Gathering Instrument and the Data Gathering Procedure.…

    • 513 Words
    • 3 Pages
    Good Essays

Related Topics