Rolex Ppt R 2.

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Rolex Ppt R 2.

  1. 1. ROLEX
  2. 2. STUDY,ANALYZE AND UNDERSTAND THE BUSINESS AND MARKETING PRACTICES OF ROLEX WATCH COMPANY TWO STAGES WERE IDENTIFIED - 1)DATA COLLECTION STAGE 2)ANALYSIS STAGE
  3. 3. INCLUDES DATA COLLECTED FROM VARIOUS RESOURCES REGARDING THE FOLLOWING: 1)ORIGIN,HISTORY OF COMPANY AND ITS GROWTH 2)FINANCIAL STATEMENT 3)FOUR P’S OF MARKETING-PRODUCT,PRICE,PLACE AND PROMOTION 4)CUSTOMER AND DEALER SURVEY
  4. 4. UNDERSTANDING THE IMPLICATIONS AND RELEVANCE OF DATA COLLECTED DRAWING CONCLUSIONS ABOUT THE COMPANY’S BUSINESS AND MARKETING DECISION
  5. 5. HISTORY FOUNDED BY HANS WILSDORF AND HIS BROTHER-IN- LAW ALFRED DAVIS IN 1905,IN LONDON EARLIER KNOWN AS ‘WILSDORF AND DAVIS’ Rolex founder, Hans Wilsdorf
  6. 6. 1908-WILSDORF REGISTERED THE TRADEMARK “ROLEX” 1910-OFFICIAL RECOGNITION GAINED FROM THE ‘BUREAU OFFICIAL’ IN BIENNE 1919-COMPANY MOVED TO SWITZERLAND(IN LA-CHAUX-de-FONDS)
  7. 7. 15 JULY,1914-CHRONOMETER CERTIFICATE WAS AWARDED 1926-NEXT GENERATION OF ROLEX WAS BORN,THE ROLEX OYSTER
  8. 8. INDUSTRY STRUCTURE ON BASIS OF MICHAEL PORTER’S ‘FIVE FORCES MODEL’ “ AN INDUSTRY’S PROFIT POTENTIAL IS LARGELY DETERMINED BY THE INTENSITY OF COMPETITIVE RIVALRY WITHIN THAT INDUSTRY”
  9. 9. POTENTIAL ENTRANTS SUPPLIERS BUYERS SUBSTITUTES INDUSTRY COMPETITION RIVALRY AMONG EXISTING FIRM THREAT OF NEW ENTRANTS THREAT OF NEW SUBSTITUTES POWER OF SUPPLIERS POWER OF BUYERS
  10. 10. HOW EASILY A COMPETITOR CAN ENTER INTO MARKET ROLEX-IT IS VERY LOW BARRIERS TO ENTRY VERY HIGH 1.LARGE CAPITAL REQUIREMENT 2.STRONG BRAND PREFERENCE
  11. 11. ROLEX EXISTS AS A DOMINANT AND HIGHLY CONCENTRATED SUPPLIER HIGH CUSTOMER’S PURCHASES REPRESENT A MAJOR PORTION OF THE SELLER’S TOTAL REVENUE
  12. 12. HOW EASY THE PRODUCT CAN BE SUBSTITUTED DEPENDS ON WILLINGNESS OF CUSTOMERS SUBSTITUTE AND RELATIVE PRICE AND QUALITY OF SUBSTITUTE IN THE PRESENCE OF HIGH SWITCHING COSTS,CUSTOMERS ARE NOT LIKELY TO SUBSTITUTE
  13. 13. AS RIVALRY AMONG COMPETING FIRMS INTENSIFIES,INDUSTRY PROFITS DECLINE,IN SOME CASES TO THE POINT WHERE AN INDUSTRY BECOMES INHERENTLY UNATTRACTIVE
  14. 15. MARKET SEGMENTATION 1)ON THE BASIS OF AGE - ROLEX DAYDATE (FOR YOUTH) ROLEX DATEJUST (FOR PROFFESIONAL) ROLEX CELLINI (FOR ELDERS)
  15. 16. 2)ON THE BASIS OF INCOME AIRKING (LOWER SEGMENT) OYSTER (HIGHER SEGMENT DAYTONA (MIDDLE SEGMENT
  16. 17. <ul><ul><li>- a marketing strategy that emphasizes serving a specific market segment by achieving a certain position in buyers’ minds </li></ul></ul><ul><ul><ul><li>Attributes </li></ul></ul></ul><ul><ul><ul><li>Price/quality </li></ul></ul></ul><ul><ul><ul><li>Competitors </li></ul></ul></ul><ul><ul><ul><li>Application </li></ul></ul></ul><ul><ul><ul><li>Product user </li></ul></ul></ul><ul><ul><ul><li>Product class </li></ul></ul></ul>POSITIONING
  17. 18. THE MAJOR PLAYER IN THE WATCH INDUSTRY MARKET IN WORLD ARE AS FOLLOWS- FOUNDED IN 1847 BY LOUIS FRANCOIS CARTIER BY 1890’S THE MODERN STYLE APPEARED AND BECAME VERY FASHIONABLE ESTIMATED TURNOVER- 900MILLION EUROs ESTIMATED AVERAGE VOLUME -3,50,000 WATCHES PER YEAR
  18. 19. IN 1960,EDOUARD HEUER FOUNDED A WATCH MAKING WORKSHOP IN ST-LIMIER THEY TRANSITIONED FROM A MANUFACTURER PRODUCING TECHNICALLY SOPHISTICATED WATCHES TO A LUXURY WATCH MANUFACTURER TAG HEUR IS NOW IN LVMH’S WATCHMAKING BUSINESS UNIT,THE ONLY COMPANY THAT IS BREAKING EVEN
  19. 20. IN ITS EARLY YEARS,WILSDORF AND DAVS CONCENTRATED ON SELLING ONLY TWO TYPES OF WATCHES 1.POCKET WATCHES(DESIGNED FOR MEN) 2.TRAVEL CLOCKS(OR PURSE WATCHES) COVERED IN EXOTIC LEATHER CASE MADE OF SILVER WITH PORCELAIN DIAL
  20. 21. ROLEX WATCHES HAVE HELD THEIR VALUE WELL ALMOST ALL OLDER ROLEX MODELS ARE VALUED ABOVE THEIR SELLING PRICE MOST COLLECTIBLE ROLEXES SELL IN A RANGE OF BETWEEN $1,500-$20,000
  21. 23. ROLEX HAS MAINTAINED ITS BRAND IMAGE BY LIMITING PRODUCTION,EVEN AS DEMAND ROSE 1990-AS PART OF AN EFFORT TO CONTROL SALES OF THEIR GOODS IN THE SO-CALLED GRAY-MARKET,ROLEX CANCELLED AGREEMENTS WITH ABOUT 100 DEALERS
  22. 25. THE USE OF TESTIMONIALS HAS ALWAYS PLAYED A KEY ROLE IN ROLEX COMMUNICATION STRATEGY FIRST ADVERTISEMENT IN 1927,SHOWED MERCEDES GLEITZE ALONG WITH ROLEX USES SELECTIVE MARKETING STRATEGY THAT TARGETS VERY DIRECTLY THE DESIRED CUSTOMER ALWAYS CHOSEN THE BEST PEOPLE OF THEIR CATEGORY TO REPRESENT THEM
  23. 26. ROGER FEDERER MAURICE BEJART (DANCE CHOREOGRAPHER)
  24. 27. EDMUND HILLARY (EXPLORER) PEGGY FLEMING (ICE SKATER)
  25. 28. ARNOLD PALMER (GOLF PLAYER) PLACIDO DOMINGO (OPERA SINGER)
  26. 29. Rolex watch is a beautiful machine comprised of hundreds of precision parts all working in unison to precisely measure the escapement of time Power delivered through the gear train by the mainspring is transmitted to the fast beating balance wheel, that due to its rapid arc of motion, is largely unaffected by external forces exerted upon it by the person wearing this fine tuned machine. MANUFACTURING PROCESS
  27. 30. COLLETS MICRO-STELLA NUTS HAIRSPRING BALANCE WHEEL BALANCE WHEEL- HAIRSPRING- MICRO-STELLA NUTS allows the balance to vibrate at its astonishing rate is laser welded onto the collets used to make minor timing adjustments.   If they are moved towards the centres of the balance wheel, the rate will speed up.   Moving them away from the censer will slow the rate down. vibrates back and forth at a rate in excess of 28,800 beats per hour
  28. 31. ACTUAL PICTURES OF THE ROLEX 3135 MOVEMENT
  29. 32. FINANCIAL ANALYSIS HUGE FINACIAL CAPABILITIES MANY TAKE OVERS TOOK PLACE AND HAS ALWEAYS BEEN SELF-FINANCED takeover of Rolex Bienne might enable them to increase profitability and by the way their financial capacities .
  30. 34. WHICH HIGH BRAND WATCH COMPANY YOU WOULD LIKE TO OWN? CUSTOMER SURVEY
  31. 35. PREPARED BY BITHIKA NIKHIL ANAND AKANSHA SAPRA PRIYANKA YADAV AMRITA GAURAV PASSY

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