The Marketing of Swatch Essay Example
Swatch Group Marketing This paper will discuss the commercial marketing strategy of The Swatch Group, a maker of Swiss watches and jewelry. This paper will dive into the differentiation from competitors, the target market segment and universal appeal of the advertisement.
Background Information The Swatch Group is a manufacturer and distributor of watches and other products. The Swatch Group also manufactures mechanical and quartz movements, and is very active in the design, production and marketing of various electronic components. The Swatch Group’s headquarters is located in Biel, Switzerland. The name Swatch was derived from the words ‘Swiss Watch’ (David & Michael 1997); it was a catchy phrase that aimed to reinforce the continued accuracy and quality of the Swiss watchmakers. The mission of the company was to bring the Swiss industry of the clocks back to a leader in the watch making market. Swatch was launched in 1983 as a direct response to the Japanese and Hong Kong watch industry which had almost eliminated the Swiss presence with high volume and relatively low market price. The timing for such a product was right – the 1980’s were a time when images changed and new fashion accessories went to make up a new image at an affordable price. Swatch’s target customers were young teens to young adults with a target range of 15-29 years of age. That target strategy is still current and in place today as will be discussed more in depth in coming paragraphs.
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The advertisement in hand is called ‘Colour Codes’ and can be found on you tube. The advertisement was released in 2010 and has a target market of young males and females with an age range of 15-29 years of age. It is geared more toward the trendy side of the market and this is shown by the showing of young adults wearing trendy, colorful and stylish clothing. The advertisement also shows many colorful watches to connect with any outfit and makes it as though owning many of the watch would
Background Information The Swatch Group is a manufacturer and distributor of watches and other products. The Swatch Group also manufactures mechanical and quartz movements, and is very active in the design, production and marketing of various electronic components. The Swatch Group’s headquarters is located in Biel, Switzerland. The name Swatch was derived from the words ‘Swiss Watch’ (David & Michael 1997); it was a catchy phrase that aimed to reinforce the continued accuracy and quality of the Swiss watchmakers. The mission of the company was to bring the Swiss industry of the clocks back to a leader in the watch making market. Swatch was launched in 1983 as a direct response to the Japanese and Hong Kong watch industry which had almost eliminated the Swiss presence with high volume and relatively low market price. The timing for such a product was right – the 1980’s were a time when images changed and new fashion accessories went to make up a new image at an affordable price. Swatch’s target customers were young teens to young adults with a target range of 15-29 years of age. That target strategy is still current and in place today as will be discussed more in depth in coming paragraphs.
Advertisement
The advertisement in hand is called ‘Colour Codes’ and can be found on you tube. The advertisement was released in 2010 and has a target market of young males and females with an age range of 15-29 years of age. It is geared more toward the trendy side of the market and this is shown by the showing of young adults wearing trendy, colorful and stylish clothing. The advertisement also shows many colorful watches to connect with any outfit and makes it as though owning many of the watch would