ENTREPRENEURSHIP AND INNOVATION INSTRUCTOR: Jose Lejarraga Case Report: Birth of the Swatch Prepared By: Sachin Agarwala 1. Why was Swatch successful? In what ways was Swatch different from any other watch the industry had ever seen? A number of factors attributed to Swatch’s success and differentiated it from any other watch the industry had seen. There were factors on the manufacturing‚ branding and marketing‚ and designing side. Manufacturing: Hayek wanted complete
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Today we will present you the analysis of the case «The birth of swatch». First we willl give you the information about the background of the problem‚ then we will define the problem of the case and finally we will present you our recommendations. So‚ let’s start with the background. In the 1940s the Swiss dominated the watch industry in large part because of their centuries-long history of jewelry-making expertise. Watchmaking was a source of national pride‚ and the “Made in Switzerland” label
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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 Birth of Swatch The continuous decline in demand for the prestigious watches made in Switzerland in the 1970s and early 1980s made the time period devastating for the Swiss watch industry. Before the decline‚ it was master of the watch market‚ shining with its high-end image. However‚ with the evolution of technology in watch making‚ the market began changing rapidly where low-end watches were becoming more accessible and evasive. Nicholas Hayek became the CEO of Societe Suisse de
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Introduction : Mercedes-Benz is a multinational division of the German manufacturer Daimler AG Mercedes- benz is headquartered in Stuttgart‚ Banden-Wurttemberg‚ Germany. Mercedes-Benz traces its origins to Karl Benz’s creation of the first petrol-powered car‚ the Benz Patent Motorwagen‚ patented in January 1886. The Mercedes automobile was first marketed in 1901. The first Mercedes-Benz brand name vehicles were produced in 1926‚ following the merger of Karl Benz’s and Gottlieb Daimler’s companies
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Case Study: Mercedes Benz Passenger Cars in India Author: Aditya Kumar Date: 11/07/2009 EXECUTIVE SUMMARY Mercedes Benz Passenger Cars and smart (herein referred as Mercedes) is one of 5 divisions of the Daimler group‚ the leading Germann automaker. Daimler is a large organisation that had EUR149.6 billion in revenue and 365‚600 employees in 2006. Within its microenvironment‚ the company’s marketing effort is well supported and coordinated by other departments. Mercedes produces in 104
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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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pillars: global presence‚ strong brands‚ broad product range‚ and technology leadership. The objective of this analysis is to investigate how the organization needs to form its strategy in order to develop opportunities and protect itself against competition and other threats. Company Introduction Mercedes Benz is firmly established as an independent brand within one of the world’s leading car companies- DaimlerChrysler AG. DaimlerChrysler is a product of Daimler and Chrysler companies. Daimler motor
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significance of Karl Benz‚ Gottlieb Daimler and the first Automobiles Towards the end of the industrial revolution‚ as the internal combustion engine developed‚ the opportunity to find an alternative to horse powered carriages arrived. According to G.N Georgano‚ Karl Benz‚ a German engineer who worked in his own workshop in Mannheim developed and built engines for a living. In the year 1885‚ he develops his first prototype. Named the Benz Patent Motorwagen‚ his three wheeled car is patented in 1886
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Swatch case study "This watch is the product which will reintroduce Switzerland to the low and middle price market. It is the first step of our campaign to regain dominance of the world watch industry‚" said Dr. Ernst Thomke‚ President of ETA SA‚ a subsidiary of ASUAG and Switzerland ’s largest watch company. Ernst Thomke had made this confident declaration about SWATCH to Franz Sprecher‚ Project Marketing Consultant‚ in late spring 1981. Sprecher had accepted a consulting assignment to help
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