Question

In the global watch industry, the success of the Swatch brand resulted in a manufacturing renaissance for Switzerland. In the strategic framework known as hypercompetition, Swatch's success is an example of interactions in which arena?

A) cost/quality
B) timing and know how
C) entry barriers
D) deep pockets
E) sporting events

Answer 1

Swatch's success in the global watch industry illustrates the importance of timing and know-how in hypercompetitive markets, utilizing reputation and technology to stay ahead in a globally expanded and technologically advanced marketplace.

Step-by-step explanation:

The success of the Swatch brand in the global watch industry is an example of interactions in the timing and know-how arena of the strategic framework known as hypercompetition. The brand leveraged its well-respected reputation and carefully built brand name over many years to outmaneuver the competition. Advanced developments in communications technologies and increased globalization have expanded market boundaries and intensified competition, allowing consumers to access products from global suppliers, further pressing firms like Swatch to innovate and compete in a more dynamic environment.