SWOT Analysis of Omega with USP, Competition, STP (Segmentation, Targeting, Positioning) - Marketing Analysis
The Swatch group
Watches and Accessories
Lifestyle and Retail
The sign of excellence; The watch The World Has Learned To Trust Omega. The right time for life
Technologically innovative watches
Premium luxury watches
High Income group men and women
A watch brand associated with precision, accuracy and a pioneering spirit
1. Omega has an image of high quality substantiated with long warranty periods 2. Official time keeper of most sporting events like Olympics and Golf tournaments leading to its association as an accurate watch brand 3. Known for its Co-axial technology
4.International celebrities represent Omega as brand ambassadors.
5. Part of the Swatch group that has 28,000 employees across 50 countries with 250 boutiques’ locations across the world
1. The positioning of Brand Omega is not as strong and differentiated as compared to its competitors
2. Limited market share growth due to competition
3. Imitations of branded watches hurt brand image and sales 4. The brand is dependent highly on its brand ambassadors for its marketing and advertising campaigns
1.The brand can expand into new categories of watches furthering its image of being pioneers 2.Growth opportunities are high in the luxury segment in developing and emerging economies in the world
1. Competition from other brands in the having a stronger positioning than Omega 2. Fluctuating economies means limited spending on luxury items
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