Omega Company Overview
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Transcript of Omega Company Overview
OMEGAThe sign of excellence.
The watch The World Has Learned to Trust Omega.
The right time for life
Louis brandt ,swiss ,La Chaux-de-Fonds
1848
1879 DETH OF Louis brandt
Brandt sons louis paul,ceaser-brandt& RELOCATion- January, Biel/Bienne
1880
DEATH 2400W 800 Employees. Paul-Emile Brandt 1903
Britains royal flying corps.1917
1918 American army .
into the group SSIH, Geneva.
1925 union of Omega and Tissot.
1930
official timekeeping device of the Olympic Games.1932
had become Swiss 1 producer of watches & 3 in the world.
1970
ASUAG-SSIH1983. 1983
the Swatch Group. 1998
0071995
The 19-line calibre watch symbol Ω
2011 olympbic
1894
1969 On MOON.
PRODUCTWatch• Omega Seamaster• Omega Speedmaster• Omega Constellation• Omega De Ville• Omega Specialities
Cosmetics & wallets• Leather Goods &
Fragrance.
Jewellery
Constellation Series Seamaster Series Speedmaster Series
De Ville SeriesSpecialties Series
JEWELLERY• Constellation- cufflinks, pendants, necklaces, earrings,
rings
• Aqua- cufflinks, pendants, necklaces, earrings,
rings,bracelets, accessories
• Omega flower- Earrings, rings, pendants
• Omega dewdrop – earrings ,pendants ,necklaces,bracelets
• Omegamania- rings, necklaces, cufflinks
Leather & Fragrance
• Watch boxes
• Wallets
• Small goods
• Organizers
• Bags
• technology
PRICEHigher pricing, tighter controls of dealer pricing,
increasing advertising
OMEGA, the prestige and luxury range in the Swatch Group
only a few specific models are as expensive For others, the
price is set as a higher price but not the highest which makes
customers feel they are having the highest quality products
but with more value for money.
Premium pricing
Range from RS 39500/- up to RS2,50,00/-
PLACE• The Swatch Group, has a global supply chain management
system which makes OMEGA capable of sales to the various
international subsidiaries, which are over 200 agents,
providing them with up to date information on sales and
inventories and open orders.
• With 10,000 retailers across the globe located in
department stores, airports, some selected boutiques and
cities giving customers easy access to their products.(coco-
codo)
DISTRIBUTION CHANNEL OF OMEGA
MANUFACTURER
Retailers(1000)
Airports BOUTIQUES
Agents(200)
By supply chain
management
system of Swatch
group
OMEGA through magazines but focusing mostly on famous,
high-reputation and executive level readers’ ones.
In addition, holding seminars to introduce new products or
giving public releases are the most common methods when
promoting products.
OMEGA Seamaster series- male actors and athletes.George
Clooney and Sergio Garcia.
OMEGA Constellation series-they invite actresses and
female athletes, Nicole Kidman, Cindy Crawford and Michelle
Wei.
Speedmaster series - is represented by astronauts.
PROMOTION
PROMOTIONSporting & space project, OMEGA proves that the accuracy and
quality of their products are incomparable.
multiple endorsement in order to avoid dependence on the
ambassadors and diversify its risk of a bad celebrity away.
The majority of the advertisements picture male young adults.
This shows that Omega really tries to increase recognition on
this segment. Therefore communication is aimed at youth.
Advertising on magazines, and product placement in James
Bond series movies, OMEGA made the promotion lively and the
brand image explicit and strengthened.
ADVERTAISEMENT
Mario Sorrenti, photography MagazinesSponsorship.Endorsement of celebrity.NASA.
Celebrity Endorsement
SEGMENTINGOMEGA segmented the brand itself into sporting and
pioneering spirit, in the luxury and prestige range.
And for the customer, the brand focuses firstly on
demographic segmentation.
Those who are in highly successful business level such as
managers or enterprise.
Sports and care about the technology and qualities of a
watch will fall into their customer market.
TARGETING
High Income group men and women.
customers who pursue status and style.
to customers who like outdoor activities.
Customers who prefer luxury.
POSITIONING
OMEGA made customers to feel they are in a better social
class, with fashionable and on-trend taste.
Also the unique feature such as Seamaster series of OMEGA is
made as a professional diving watch, which is suitable for
customers who love diving activities.
Moreover, co-axial chronograph is an exclusive technology
that OMEGA owns which makes the product unique and
special.
A watch brand associated with precision, accuracy and a pioneering
spirit.
MACRO ENVIROIMENT Political factor -Tax rates affects significantly because
omega is durable product.
Economy factor -exchange rate selling their products
outside Swiss, because the fluctuation.
Socio-cultural factor -OMEGA may have better sales
volumes in developed countries compared to those in
developing or undeveloped countries due to the different level
of consumption. Those who pay more attention to fashion and
be willing to spend money to decorate themselves for their
better living standards.
Technological factor -environment-past 10 years mobile
phone as a watch to keep time or check the time.
COMPETITORSPrestige
Level
Luxury
Level
Classic
Level
Well-
Known
Brand
Mass
Brand
AP Cartier Baume&
Mercier
Citizen Casio
A.Lange
Sohne
Chopard Longines CYMA Swatch
Blancpain GP Maurice
Lacroix
Hamilton
Breguet IWC ORIS SIEKO
Jaeger Piaget Rado
BRAND OVERVIEW
During the year 1894, the 19-line calibre watch was
presented, and used the symbol Ω as the brand to
introduce to the public. Since then, the brand has taken an
important role in watchmaking evolution, technology
innovations and development making OMEGA a premier
brand in the watch market industry. In addition, excellent
marketing strategies have also made it a long lasting
brand.
STRENGTHS
image of high quality substantiated with long warranty
periods.
Official time keeper of most sporting events like Olympics
and Golf tournaments leading to its association as an
accurate watch brand.
Co-axial technology
Multy celebrity endorsement
Part of the Swatch group that has 28,000 employees across
50 countries with 250 boutiques’ locations across the world
WEAKNESS
The positioning of Brand Omega is not as strong and
differentiated as compared to its competitors
Limited market share growth due to competition
Imitations of branded watches hurt brand image and
sales
The brand is dependent highly on its brand ambassadors
for its marketing and advertising campaigns
OPPORTUNITIES
The brand can expand into new categories of watches
furthering its image of being pioneers
Growth opportunities are high in the luxury segment in
developing and emerging economies in the world.
THREATS
Competition from other brands in the having a stronger
positioning than Omega
Fluctuating economies means limited spending on luxury
items
Fake/cheap imitations cause damage to brand
CUSTOMER RELATIONSHIP MANAGEMENT
In the prestige watch industry, is only moderately
relationship marketing oriented.
The industry is very concerned in quality and customer
commitment.
its majority is not focused on account based selling
Research Proposal for OMEGA Watches.
Rival rolex vs omega for “king of swiss watch brands”
while Rolex watches were more ‘evolutionary’ and famous for
their mechanical pieces and brand
Omega watches tended to be more revolutionary and more
professional focused
Technologically innovative watches