Seiko Case Study Summary
Company background First founded in Tokyo in 1881, Seiko rose from a company repairing and selling second-hand clock to one of the leading names in the watch industry. Over the course of its history, Seiko has proved to be a very innovative company; it was the first company to launch the quartz wristwatch in 1969, it produced the battery-free Kinetic line in the late 1980 and launched the mechanical/quartz hybrid technology under the Spring Drive brand in 1999. While Seiko is a well-known producer of inexpensive and luxury watches alike in Japan, its brand image is significantly different abroad. Their watches are globally considered very reliable and having an excellent price to quality ratio, but are not considered luxury and are not held to a high esteem among collectors and watch enthusiasts.
In addition to the Seiko Corporation which is best known for their watches, the Seiko Group consists of Seiko Instruments Inc. (best known as a producer of electronic components and scientific instruments) and Seiko Epson Corporation (best known for their printers, scanners and projectors).
The build-up to the current situation Up to the invention of quartz watches in 1969, wrist watches were exclusively mechanical. Manufacturing of mechanical watches is generally an expensive and a rather complicated process, as it requires a lot of effort, especially if the watch is to be precise. Up until that time the Asian market was mostly dominated by Asian manufacturers, while the European and US markets were traditionally dominated by the US and Swiss manufacturers.
With the invention of quartz watches, however, it became much less expensive to produce precise wrist watches based on the quartz technology. As the first company to produce quartz watches, Seiko made a name for themselves in the US and Japan as a manufacturer of highly reliable and relatively cheap watches. At the same time, precise mechanical watches remained very popular in the high-end market, because of
In addition to the Seiko Corporation which is best known for their watches, the Seiko Group consists of Seiko Instruments Inc. (best known as a producer of electronic components and scientific instruments) and Seiko Epson Corporation (best known for their printers, scanners and projectors).
The build-up to the current situation Up to the invention of quartz watches in 1969, wrist watches were exclusively mechanical. Manufacturing of mechanical watches is generally an expensive and a rather complicated process, as it requires a lot of effort, especially if the watch is to be precise. Up until that time the Asian market was mostly dominated by Asian manufacturers, while the European and US markets were traditionally dominated by the US and Swiss manufacturers.
With the invention of quartz watches, however, it became much less expensive to produce precise wrist watches based on the quartz technology. As the first company to produce quartz watches, Seiko made a name for themselves in the US and Japan as a manufacturer of highly reliable and relatively cheap watches. At the same time, precise mechanical watches remained very popular in the high-end market, because of