Rolex is a leading luxury watch manufacturer known for quality and precision. This document analyzes Rolex's current market share, products, customers and growth trends. It finds that while Rolex has a strong brand image and focuses on quality, it has a limited product range, high prices, and lacks variants for women. The analysis recommends introducing new product segments like digital watches and women's watches, pursuing strategies to reduce prices like outsourcing components, and launching an efficient buyback policy to minimize the grey market. These strategies could help Rolex expand into new target markets while maintaining its reputation for quality.
This is an assignment give in a marketing management class. The company is rolex. It helps us to understand how a marketing plan of a firm should look like.Marketing strategy and 4 p's of marketing is highlighted here.
ROLEX is always been a brand which we would desire to have on our wrist !
This presentation would give u all idea about how ROLEX has kept its MONOPOLY Luxury Watch Segment !
This presentation will give you idea how a brand like ROLEX plans, executes and achieve !
This is an assignment give in a marketing management class. The company is rolex. It helps us to understand how a marketing plan of a firm should look like.Marketing strategy and 4 p's of marketing is highlighted here.
ROLEX is always been a brand which we would desire to have on our wrist !
This presentation would give u all idea about how ROLEX has kept its MONOPOLY Luxury Watch Segment !
This presentation will give you idea how a brand like ROLEX plans, executes and achieve !
What could be the problematics for Louis Vuitton in the upcoming years with their current strategy.
Based on their history and latest work what does it say about Vuitton true core values.
it is a brand comparison between two well known companies one is Rolex and another one is titan. hare you can find the marketing strategy of these two companies.
For this extra credit assignment, you will need to watch the .docxAKHIL969626
For this extra credit assignment, you will need to watch the
following 2-hour documentary:
https://ucsc.kanopy.com/video/web-du-bois
(Links to an external site.)
Links to an external site.
Please write a 2-page (500-700 words) film review. This should
NOT be just a summary of the film; instead, you should critically
engage with it as a historical text. Some questions you might
consider include: What are the major points the film is making
about Du Bois's life? To what extent is it successful in providing
insight into the intersection between his life experiences and his
scholarly and activist work? How is he perceived by the people
around him? How does the presence of each of the four different
narrators change the emotional timbre of the film? Does one
narrator resonate more with you than others? What surprised you
about Du Bois's life? What did you learn that helps you place his
work into the context of Classical Theory?
https://ucsc.kanopy.com/video/web-du-bois
https://ucsc.kanopy.com/video/web-du-bois
https://ucsc.kanopy.com/video/web-du-bois
Strategic Planning of Rolex
Group members: Siyu Wang, Yijing Yuan, Xian Huang, Muhannad Abdulaal, Alhanouf Alfarraj, Dewen Sun
Table of Contents
- Introduction and objectives
- Target market
- Analysis of brand’s Competitive Environment
- SWOT analysis
- Analysis of each Marketing Mix (Price, Place, Product and Promotion)
- Conclusion
- Appendices
Introduction and Objectives
Rolex is a famous watch manufacturer in Switzerland, formerly known as Wilsdorf and Davis, a company that is mainly responsible for selling watches, which was operated together by a German Hans Wilsdorf and a British Alfred Davis in 1905. In 1908, this company was registered and changed the name to ROLEX by Hans Wilsdorf in La Chaux-de-Fonds in Switzerland. The first sign of the Rolex watch is a palm with five fingers stretched out, which means that the brand's watch is entirely crafted by hand. Later it gradually evolved into a registered trademark of Crown to show its dominance in the field of watches. From the 70’s to present day, Rolex continues in the words of Patrick Heiniger, that “Rolex is evolutionary not revolutionary.” Today, Rolex produces approximately 2000 watches a day and is consistently ranked in the top 100 global companies and now in the international market, the price of an ordinary Rolex watch ranges from $1,000 to $15,000. Although it is expensive, people still think that it is worth the money. This is not only due to the excellent quality of Rolex, but also because of its unique investment value. So I want to talk why we choose this brand.
First, the accuracy of the watch is high, and the design is stable, elegant, applicable, and unobtrusive. Also, the production process has undergone strict quality control and has a spirit of excellence. Next, this brand has the spirit of exploration, they se ...
Every year at the occasion of the Salon International de la Haute Horlogerie (SIHH), Digital Luxury Group unveils the results of the Haute Horlogerie category (18 brands) of the WorldWatchReport™, the leading market research in the luxury watch industry published in partnership with Europa Star, and the gracious support of the Fondation de la Haute Horlogerie.
What could be the problematics for Louis Vuitton in the upcoming years with their current strategy.
Based on their history and latest work what does it say about Vuitton true core values.
it is a brand comparison between two well known companies one is Rolex and another one is titan. hare you can find the marketing strategy of these two companies.
For this extra credit assignment, you will need to watch the .docxAKHIL969626
For this extra credit assignment, you will need to watch the
following 2-hour documentary:
https://ucsc.kanopy.com/video/web-du-bois
(Links to an external site.)
Links to an external site.
Please write a 2-page (500-700 words) film review. This should
NOT be just a summary of the film; instead, you should critically
engage with it as a historical text. Some questions you might
consider include: What are the major points the film is making
about Du Bois's life? To what extent is it successful in providing
insight into the intersection between his life experiences and his
scholarly and activist work? How is he perceived by the people
around him? How does the presence of each of the four different
narrators change the emotional timbre of the film? Does one
narrator resonate more with you than others? What surprised you
about Du Bois's life? What did you learn that helps you place his
work into the context of Classical Theory?
https://ucsc.kanopy.com/video/web-du-bois
https://ucsc.kanopy.com/video/web-du-bois
https://ucsc.kanopy.com/video/web-du-bois
Strategic Planning of Rolex
Group members: Siyu Wang, Yijing Yuan, Xian Huang, Muhannad Abdulaal, Alhanouf Alfarraj, Dewen Sun
Table of Contents
- Introduction and objectives
- Target market
- Analysis of brand’s Competitive Environment
- SWOT analysis
- Analysis of each Marketing Mix (Price, Place, Product and Promotion)
- Conclusion
- Appendices
Introduction and Objectives
Rolex is a famous watch manufacturer in Switzerland, formerly known as Wilsdorf and Davis, a company that is mainly responsible for selling watches, which was operated together by a German Hans Wilsdorf and a British Alfred Davis in 1905. In 1908, this company was registered and changed the name to ROLEX by Hans Wilsdorf in La Chaux-de-Fonds in Switzerland. The first sign of the Rolex watch is a palm with five fingers stretched out, which means that the brand's watch is entirely crafted by hand. Later it gradually evolved into a registered trademark of Crown to show its dominance in the field of watches. From the 70’s to present day, Rolex continues in the words of Patrick Heiniger, that “Rolex is evolutionary not revolutionary.” Today, Rolex produces approximately 2000 watches a day and is consistently ranked in the top 100 global companies and now in the international market, the price of an ordinary Rolex watch ranges from $1,000 to $15,000. Although it is expensive, people still think that it is worth the money. This is not only due to the excellent quality of Rolex, but also because of its unique investment value. So I want to talk why we choose this brand.
First, the accuracy of the watch is high, and the design is stable, elegant, applicable, and unobtrusive. Also, the production process has undergone strict quality control and has a spirit of excellence. Next, this brand has the spirit of exploration, they se ...
Every year at the occasion of the Salon International de la Haute Horlogerie (SIHH), Digital Luxury Group unveils the results of the Haute Horlogerie category (18 brands) of the WorldWatchReport™, the leading market research in the luxury watch industry published in partnership with Europa Star, and the gracious support of the Fondation de la Haute Horlogerie.
The global market for wrist watch is expected to grow from $ 56,774.3 million in 2021 to $ 76,696.3 million in 2026. The market is expected to grow at a CAGR of 6.2% over the forecast period (2021-2026). Some of the market's key participants are Audemars Piguet, Breitling, Casio, Chopard, Citizen, Ebohr, Festina, Fiyta, Folli Follie, Fossil, Franck Muller, Geya, Golgen, Kering, LVMH, Morellato & Sector, Movado Group, Movebest, Patek Philippe, Polaris, Poscer, Rarone, Richemont, Rolex, Rossini, Sea-Gull, Seiko, Swatch Group, Tianba, Time Watch. This report intends to identify significant growth areas and to explore relevant market strategies. This in-depth analysis delves into the global market for wrist watch. The primary goal of this research is to examine the potential growth areas, significant trends, and the market's impact on the industry. The report also reviews the adoption of wrist watch in both established and emerging markets.
This report analyzes the worldwide markets for Watches & Clocks in US$ Million by the following segments: Watches (Mass (Under $50), Middle ($50-$299), Upper ($300 - $999), & Luxury ($1000 and above), and Clocks. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual estimates and forecasts are provided for the period 2007 through 2015. A seven-year historic analysis is also provided for these markets.The report profiles 255 companies including many key and niche players such as Bulgari, Casio Computer Co., Ltd., Chopard, Citizen Holdings Co., Ltd., Bulova, Compagnie Financi
Investment Opportunity in Franchise Holdings International OTCQB:FNHIFranHolding
Investors are always on the look for the best companies to invest in. In this investors deck Franchise Holdings International shows the great investment opportunity in their growth. Franchise Holdings International is publicly traded on the OTCQB under ticker symbol FNHI. www.Franchiseholdingsinternational.com
This report analyzes the worldwide markets for Watches and Clocks in US$ Million by the following Product Segments: Watches (Mass (Under $50), Middle ($50-$299), Upper ($300 - $999), & Luxury ($1000), and Clocks. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Middle East, and Latin America. Annual estimates and forecasts are provided for the period 2009 through 2017. A six-year historic analysis is also provided for these markets.The report profiles 211 companies including many key and niche players such as Bulgari, Casio Computer Co., Ltd., Chopard, Citizen Holdings Co., Ltd., Bulova, Compagnie Financi
DISCLAIMER: This is an archived presentation. Please visit http://www.slideshare.net/Digital-Luxury to access DLG official SlideShare account.
The 6th edition of this market study published by IC-Agency, a company specializing in Luxury Digital Marketing in partnership with Europa Star with the support of the Fondation de la Haute Horlogerie, deciphers queries entered into search engines throughout the Internet from millions of prospects for 25 luxury watch brands. The survey covers 10 key markets, including – for the first time - BRIC markets Brazil, Russia, India and China as well as the top export markets United States, Japan, the United Kingdom, Italy, France and Germany.
This presentation highlights the main trends highlighted by the study and first uncovered for the Salon International de Haute Horlogerie SIHH 2010.
More information:
www.worldwatchreport.com
we are an innovation management team within a renewable energy company and our task is to give the management an overview over the actual situation and feasibility of battery systems connected with photovoltaic. Our target is to get more resources from the company for this theme.
The overview contains:
• overview over common storage systems (focus on single family houses)
• optimal size in respect of energy demand
• actual costs of battery systems
• Lifespan of batteries
• evaluation of economic feasibility
• future development expected
Created virtual company which provides solutions on Project Feasibility, Viability Alternatives, Current Scenario Project Development, Plans Budgeting and Costing, Strategic Management of Solar energy.
“Dynamic Balancing of the Vehicle while Cornering” is the concept to avoid Roll-Over of the vehicle and provide comfort to the passengers while cornering by tilting the vehicle opposite to the centrifugal force to cancel it, which leads to shift of C.G point of vehicle and provide comfort to the Passengers.
Dynamic Balancing of the Vehicle while Cornering is the concept to avoid Roll-Over of the vehicle and provide comfort to the passengers while cornering by tilting the vehicle opposite to the centrifugal force to cancel it, which leads to shift of C.G point of vehicle and provide comfort to the
Passengers.
Dynamic Balancing of the Vehicle while Cornering” is the concept to avoid Roll-Over of the vehicle and provide comfort to the passengers while cornering by tilting the vehicle opposite to the centrifugal force to cancel it, which leads to shift of C.G point of vehicle and provide comfort to the passengers.
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Implicitly or explicitly all competing businesses employ a strategy to select a mix
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1. 1 | P a g e SRH Hochschule Heidelberg – International Business & Engineering
Rolex Market Analysis
Presented by:
Mr. Maniyar Siddharth
Mr. Natoo Mandar
Mr. Phadke Sumit
2. 2 | P a g e SRH Hochschule Heidelberg – International Business & Engineering
Contents :
Sr. No. Content Page No.
1. Introduction 03
2. The Market 04
3. Portfolio 05
4. Revenue & Tendency of Market Growth 06
5. Target group 07
6. SWOT Analysis 09
7. Conclusion 11
8. Reference 12
3. 3 | P a g e SRH Hochschule Heidelberg – International Business & Engineering
Introduction:
Rolex is one of the leading global wrist watch manufacturing brand. It has long history of
inventions in the field of watch manufacturing. This company manufactures watches mostly
using precious metal like gold, silver and platinum to extreme precision and accuracy. Rolex
has 2800 employees. It produces maximum COSC certified watches than any other competitor.
Rolex has their presence in almost 116 countries all over the globe having 28 affiliates. Rolex
is very closely associated with sports like golf and tennis making their brand image much
bigger than other competitors.
This case study basically analyses current market of Rolex considering their market share,
product basket, technology and existing customers. Based on this analysis the case study
recommends few strategies that will further improve Rolex Sales and Business. During case
study we have used basic concepts of market analysis like SWOT analysis, sinus milieus.
4. 4 | P a g e SRH Hochschule Heidelberg – International Business & Engineering
The Market:
Rolex has chosen market segment based on buyer’s income. This is premium watch
manufacturing company having presence in retail consumer market. Their watches are
affordable to only limited part of society. It has strong presence in 116 countries which not
only includes developed countries like USA, Germany, England but also developing countries
like India, China, Brazil making them global brand in true sense. Rolex manufactures
traditional watches in limited models those are classic & elegant. In this sense they believe
more in seller’s market philosophy.
Rolex is benchmark in their segment of watches considering technology; but due to
globalization they have got few competitors in markets like Omega, Tag Heuer, Louis
Cartier and Breitling mainly because of price. This price competition basically arises due
to markets in developing countries where buyer is concerned not only about technology
but prices also.
http://www.wthejournal.com/images/pages/EN_Graph8_1.jpg http://www.wthejournal.com/images/pages/EN_Graph4_1.jpg
(pie chart- 1) (pie chart-2)
According to histogram rolex has highest number of COSC certified movements compare to
other compititors . Hence it is evident that they are far better in term of quality and technology
than competitors . On the other hand the pie chart shows that they have only 11.8% Market
share assuming that all manufactured Watches are sold. This share is not significant in global
market . This is due to the fact that their competitors have better product range which covers
watches with low prices to high prices . Hence they are able to serve more customers than
rolex.
Rolex is expanding their market. They have Revenue of $8.3B as of May 2015. They are
marketing their product with the help of their quality & avant garde technology. Also they are
official timekeepers of very popular tournaments of tennis & golf. With this tournaments &
brand ambessodors like Roger Fedrer they are attracting more customers to buy their product.
5. 5 | P a g e SRH Hochschule Heidelberg – International Business & Engineering
Portfolio-
Sr.
No. Model
1 Air-King
2 Air-King-Date available for 1988
3 Date
4 Oyster Perpetual
5 Date just
6 Date just II
7 Date just Turn-O-Graph
8 Lady Date just Pearl master
9 Daytona
10 Day-Date
11 Day-Date II
12 Day-Date Oyster Perpetual
13 Explorer
14 Explorer II
15 GMT Master II
16 Masterpiece
17 Milgauss
18 Oyster quartz
19 Sea Dweller
20 Sea Dweller Deep Sea
21 Sky-Dweller
22 Submariner
23 Turn-O-Graph
24 Yacht-Master
25 Yacht-Master II
6. 6 | P a g e SRH Hochschule Heidelberg – International Business & Engineering
Revenue & Tendency of Market Growth:
From the graph it is evident that there is continuous increase in the business of Rolex. In 4
years their business has almost increased by 124%. The tendency of market growth of Rolex
is always in upward direction.
http://www.forbes.com/companies/rolex/
Sr. No. Year % increase in Revenue
1 2012-2013 27.02%
2 2013-2014 57.44%
3 2014-2015 12.6%
From year 2012-13 the revenue has increased by 27%, then in 2014 it is further increased by
57% this is mainly because of high demand for their products in Asian market. From 2014-15
may be due to global economic recession the growth of revenue was only 12.6%.They suffered
major loss in Asian market. Despite of this fact Rolex is able to generate revenue more than
previous year.
Demand:
Rolex is most popular wrist watch brand all over the world. Their market in developed
countries is well established. Additionally the buying power of consumer in developing
countries is increasing nowadays. Hence Rolex products have got high demand in developing
countries like China and India. The resalable value of these watches is also high. Manufactured
quantity of these watches is not adequate to cater for increased demand. Hence demand is
further increasing.
3.7
4.7
7.4
8.3
0
1
2
3
4
5
6
7
8
9
2012 2013 2014 2015
RevenueinBillion$
Year
7. 7 | P a g e SRH Hochschule Heidelberg – International Business & Engineering
Target group:
Rolex targeted consumers based on income and product application. Their watches are mainly
for people with high income who look for traditional aesthetics. Also they manufactures
watches for critical applications like for using them in deepest oceans and highest mountains.
Also the age group of customers is mostly above 40. This target group includes business people,
sport persons, astronauts, deep sea divers and alpinists. These watches are meant for men in
most of the cases. They have very limited variety in Women segment.
8. 8 | P a g e SRH Hochschule Heidelberg – International Business & Engineering
From sinus milieu diagram above we can say that typical target group of Rolex is:
1. Established Conservative milieu:
This milieu covers very successful rich people in the field of business, sports etc. these
people tend to use traditional yet elegant watches. Since Rolex’s inception this has been
main focused consumer’s group.
2. Liberal Intellectual milieu:
This milieu includes highly educated individuals who are self-determined & therefore
are concerned more about product quality & technology than price. Rolex stands high
on these aspects.
3. High achiever milieu:
This milieu covers individuals who are techno savvy, Professionals who are at top level
in organization and would prefer to have proven brand. So Rolex exactly fits their bill.
4. New middle class milieu:
These are middle class consumers who are striving to become established professionals
& trying to have a status which is socially well acceptable. This class particularly
represents consumers from developing countries like China & India who are
increasingly concerned about brand of a particular product.
The Marketing:
Looking at the brand Rolex one can predict the biggest company capturing &
influencing entire global market with its wide product range which are benchmark with
their quality & technology.
Considering above expectations Rolex stands tall on its quality & technology. But when
it comes to product range they have very limited variants & less focus on women
watches segment making them bit lagging in global market. Also prices are exorbitantly
high.
9. 9 | P a g e SRH Hochschule Heidelberg – International Business & Engineering
SWOT Analysis:
Strength:
Brand Image: Rolex is most renounced brand in the field of wrist watches over
past few decade.
Quality: Rolex manufactures highest number of COSC certified watches than
any other competitor.
Technology: Rolex has many patented technologies like Oyster Case, Winding
crown, Cyclops Lens etc.
Products for critical application: The manufacture watches for deep sea
applications, high altitude applications with extreme accuracy and durability
Close association with sports like golf & tennis.
Weakness:
Price: These watches have extremely high price which can’t be affordable to
common consumer.
Limited variants: Their product basket is limited with traditional look.
Limited variants for Women: Rolex has manufactured only one series for
women.
Product type: Rolex manufactures only analog watches and not digital ones
therefore losing buyers’ market of digital watches.
Opportunities:
New segment: Manufacturing of digital watches.
New target group: Target young generation and launch suitable products,
watches for women.
Price: Use alternate material and outsourcing of some components could reduce
price of watches.
Demand: Demand for Rolex watches is increasing at higher rate compared to
manufacturing rate.
Threats:
Mobiles: Due to multi functionality of mobiles consumers are giving less
priority to watches.
Competitors: Rolex faces intense competition in various regions from local
competitors.
Recession: Due to Economic crisis people are spending less on secondary
needs.
Grey Market: Imitations at lower price affect the brand image and intern the
sales of product.
10. 10 | P a g e SRH Hochschule Heidelberg – International Business & Engineering
Opportunities Threats
New segment Mobiles
SWOT Analysis : New target group Competitors
Price Recession
Demand Gray Market
Strategies
Strength
Brand Image
use alternate
material for low
cost products
maintaining the
status throughout
according to
brand image
Quality
Technology
start
manufacturing
digital watches
Periodic R&D to
be at par with the
latest
development so
as to be always a
step ahead with
competitors
Products for critical application
Launch smart
watches
Close association with sports like golf &
tennis
Weakness
Price
Launch low price
version in specific
geographical
market
efficient buy back
policy to
minimize grey
market
Limited variants
Limited variants for Women
outsource some
components to
reduce price
Product type
Expand product
basket for women
watches
Low manufacturing capacity
Increase
manufacturing
capacity to cope
up with increased
demands
11. 11 | P a g e SRH Hochschule Heidelberg – International Business & Engineering
Conclusion:
Based on market analysis & subsequently emerged strategies we have come up with
following salient points:
The Rolex has been successful in maintaining their brand image as one of the
leading manufacturing watch makers in the global market throughout these
years.
There is scope for further improvement with application of some strategies. Out
of all immerged strategies we have come up with most prominent strategies as
per following :
a) Introduction of new product segment which would include watches for
women as well as digital sport watches: this strategy will require minimum
investment as they are already equipped with technology.
b) To counter forfeit & grey market introduction of efficient buyback policy:
watches will be available for lower price and would open opportunity for
new target group.
c) To tackle competition in local market Rolex can outsource some
components of watch assembly to reduce final product cost & enter
relatively low price market.
With these strategies Rolex will be able to cover adaptive pragmatist milieu
while maintaining their original target groups.
12. 12 | P a g e SRH Hochschule Heidelberg – International Business & Engineering
Reference:
1. https://en.wikipedia.org/wiki/Rolex
2. http://www.chase-hattan.com/blogs/news/17780980-rolex-watches-demand-and-
supply
3. http://www.forbes.com/companies/rolex/
4. http://www.wthejournal.com/images/pages/EN_Graph8_1.jpg (pie chart -1)
5. http://www.wthejournal.com/images/pages/EN_Graph4_1.jpg (pie chart-2)
6. www.rolex.com