Watch Industry

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Title: Watch Industry

Essay Details:

Subject: Business

Author: Angela R

Date: February 24, 2012

Level: University

Grade: B

Length: 7 / 1902

Essay text:

During this time, a merger of two companies helped create a new market for Swiss watches. Asuag and SSIH merged to create Societe Micromecanique et Horlogere (SMH). They developed a line of watches called "Swatch" that appealed to a younger target audience. Their new design, distribution and production strategies created a niche market that became popular worldwide. The Swatch Watch Company transferred itself from near bankruptcy in the early 1980's to a world leader in terms of value by the late 1990's, at this time facing again new sets of challenging issues that would effect their future in a fast changing global economy...

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