Swatch

Founded

1983



Overview:
Swatch (stylized as swatch) is a Swiss watchmaker founded in 1983 by Nicolas Hayek and a subsidiary of The Swatch Group. The Swatch product line was developed as a response to the 'quartz crisis' of the 1970s and 1980s, in which Asian-made digital watches were competing against traditional European-made mechanical watches. The name Swatch is a contraction of 'second watch', as the watches were intended as casual, disposable accessories.

Read more (Wikipedia.org) →



Industries:
Card image cap
Retail
Card image cap
Fashion



Similar firms (based on pattern co-occurrence):
Card image cap
2 shared patterns
Card image cap
2 shared patterns
Card image cap
2 shared patterns
Card image cap
2 shared patterns
Card image cap
3 shared patterns
Card image cap
3 shared patterns
Card image cap
2 shared patterns
Card image cap
2 shared patterns
Card image cap
2 shared patterns
Card image cap
2 shared patterns
Card image cap
2 shared patterns
Business Model Patterns:

Aikido

How they do it: Swatch’s brand image mirrored off its name, a contraction of ”second watch”. Watches were intended as casual, disposable accessories – diametrically opposed to the mainstream industry’s approach. The Swatch product line was developed as a response to the ”quartz crisis” of the 1970s and 1980s, in which Asian-made digital watches were competing against traditional European-made mechanical watches.

Card image cap

Direct Selling

How they do it: Swatch operates its own stores worldwide. They also sell directly via their website, Swatch.com.

Card image cap

E-commerce

How they do it: Swatch sells directly via their website, Swatch.com, and in its retail stores.

Card image cap

No Frills

How they do it: Swatch introduced timepieces that transformed how people interpret watches. On average, priced at $50 to $100, these watches are fashion accessoires and are kept as basic as possible.

Card image cap

Learn from this company and apply the same patterns to create your own successful business model!