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Write an original ten (10) page paper on the luxury watch business.
1. Assess how technology affects the buying habits of the luxury watch buyer . Assess how legal aspects (eg:high import duties)affect buying habits for the watch buyer.
2. Explain the following individually:
Threat of new entrants to the luxury watch market
Bargaining power of buyers with globalization, internet access,etc.
Threat of substitute brands . the challenge top brands have to retain customers against new upcoming brands. for example Patek Philippe versus Laurent Ferrier , Audemars Piguet vs Richard Mille , Breguet versus F.P. Journe etc.
What impact will the new smart watches will have on the Luxury watch business , if any, and why.
Research and assess the external threats affecting the Swiss luxury watch business and the opportunities available to the industry. Give your opinions on how The luxury watch industry should deal with the most serious threats and the greatest opportunity. Justify your answer.
Give your opinion on the greatest strengths and most significant weaknesses of the luxury watch industry. Choose the strategy or tactic that the industry should select to take maximum advantage of its strengths, and the strategy or tactic the luxury industry should select to fix its most significant weakness. Justify your choices.
To all Freelancers:
You must be professional,competent and an accomplished academic writer/researcher as required. You must have the ability to conduct research at high level. Excellent research writing and analytic skills are a must. Specifically looking for those with experience and expertise in the luxury business. A marketing,finance,economics background are a plus. You will be paid only after you deliver the paper and after we check it with copyscape, and turnitin
Use at least three (3) quality references. Note: Wikipedia and other Websites do not quality as academic resources.