Maryam Tahririha GSB576 L. Grant Swatch and the Global Watch Industry Case Analysis July 13‚ 2005 THE SWATCH GROUP: COMPETING IN AN INCREASINGLY GLOBAL MARKET FOR WATCHES Nicholas Hayek and Ernst Thomke formed the Swatch Group (the Group) in 1983 by merging two bankrupt watch-making groups. The merger gave the Group ownership of many of the Switzerland’s dominant watch brands. Swatch‚ their first product initiative‚ was so successful that it helped pull the squandering Swiss watch industry
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BUSINESS DESCRIPTION The Swatch Group (known before as Scoit Suisse de Microlectronique i d’Horlogerie) is one of the largest producers of watches in the world. Recently the company was placed second just after Citizen Watch. Swatch group‚ with its subsidiaries‚ is involved in the production of not only watches‚ but also its components and chronological watch movements. Besides its own sub-companies‚ the group is also a supplier for many other watchmakers. It is a key player in the manufacture
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he Swatch Group Ltd.‚ which is based out of Beil‚ Switzerland‚ is the world largest watch company. It was estimated that in 1998‚ it has produced about 119 million watches with consecutive yearly sales of over 3.2 billion Swiss francs. The Swatch group has produce the product all over 50 locations throughout the world‚ including France‚ Germany‚ Italy‚ USA‚ the Virgin Islands‚ Thailand‚ Malaysia‚ and China‚ with its main facility in Switzerland. Since the beginning of the Swatch Group‚ it has
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12/03/2012 | Strategic Analysis The Swatch Revolution Sommaire I. Macroenvironment analysis 4 1. Economic environment 4 2. Technological environment 4 II. Industry environment: Porter 5 strengths 5 1. Threat of new entrants 5 2. Bargaining power of buyers 5 3. Bargaining power of suppliers 5 4. Threat of substitute products 6 5. Rivalry among Existing firms 6 III. Mission‚ goals‚ objectives‚ social responsibility and ethics 7 1. Mission and Vision 7 2
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Introduction Today‚ Swatch is a world known brand‚ and is recognized for its watches quality. One man should be rewarded for this: Nicolas G.Hayek. He was the one who created the brand‚ inside the Swatch Group‚ in 1983. Now‚ Swatch is one of the leaders in the watch industry‚ and a huge worldwide MNC. Hayek knew which strategy he should adopt in order to launch the Swatch Brand. He was a strategic thinker… Strategic Thinking How did Hayek manage to make Swatch one of the Leaders of
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Swatch Group Case Analysis Eileen Weber June 14‚ 2012 Problem: The Swatch group is a family of Swiss made watches that include watches at four basic market segments; basic‚ middle‚ high‚ and luxury/prestige. While net sales have been steadily increasing since 2008‚ Swatch is having a problem with its Omega brand competing with Rolex. Rolex has continuously outsold Omega since 2006 and the problem is how to position the Omega brand to capture the market share that is currently dominated by Rolex
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Appendix 15 1.0 Executive Summary Swatch was one brand of Swatch Group Ltd. and the most successful wristwatch in the world. From 1983‚ it’s already 24 years of existence‚ and the fact that the company is still here‚ the Swatch watches are still in the collection items of the collectors and still in the wrist of other users‚ then Swatch will continue to grow and expand (Thinking made easy‚2008). There are two primary reason for the success of Swatch: one is the effective marketing strategy
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Introduction The swatch group was formed in Switzerland in the year 1983 under the leadership of Nicolas G. Hayek. Originally the company was founded by a merger of two Swiss watch manufacturing division’s which are ASUAG and SSIH which was named SMH (Swiss Corporation for Microelectronics and Watchmaking Industries Ltd). The group was renamed as Swatch group in the year 1998. Nicolas G. Hayek (CEO)‚ strongly constructed new opportunities and rooted a new culture. In the coming decade‚ SMG Group expected
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Distribution Swatch Group products are distributed mainly via a global distribution networkthat has been carefully selected by Group subsidiaries. The network is developed through shops in its own name or under the Tourbillion brand. However‚ in order to maintain a direct link with end consumers‚ the Swatch Group has created a retail section that develops global retail strategies and new approaches to consumer markets‚ including monobrand stores and a network of multibrand prestige watch and jewelry
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the fully automated assembly line is implemented without the human intervention. In addition‚ to keep Swatch competing with low cost manufacturers‚ the capital-investment is applied as a result of decreasing in costs. The lean and flat hierarchies help enhancing the innovativeness and creativity throughout the company. The hybrids of centralization and decentralization management allow Swatch to yield the benefit from the local knowledge while maintaining the control over the distribution and management
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