IWC Schaffhausen SWOT Analysis, Competitors & USP

Published by MBA Skool Team, Last Updated: April 26, 2020

SWOT analysis of IWC Schaffhausen analyses the brand by its strengths, weaknesses, opportunities & threats. In IWC Schaffhausen SWOT Analysis, the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors.

SWOT Analysis is a proven management framework which enables a brand like IWC Schaffhausen to benchmark its business & performance as compared to the competitors. IWC Schaffhausen is one of the leading brands in the lifestyle and retail sector.

The article below lists the IWC Schaffhausen SWOT, competitors and includes its target market, segmentation, positioning & USP. Let us start the IWC Schaffhausen SWOT Analysis:

SWOT Analysis of IWC Schaffhausen

For IWC Schaffhausen, SWOT analysis can help the brand focus on building upon its strengths and opportunities while addressing its weaknesses as well as threats to improve its market position.

IWC Schaffhausen Strengths

The strengths of IWC Schaffhausen looks at the key aspects of its business which gives it competitive advantage in the market. Some important factors in a brand's strengths include its financial position, experienced workforce, product uniqueness & intangible assets like brand value. Below are the Strengths in the SWOT Analysis of IWC Schaffhausen :

1. They have more than 1000 sales outlets worldwide, including more than 35 company-owned boutiques in cities such as Dubai, Hong Kong, Geneva and Moscow.

2. Being a part of the reputed Swiss Richemont Group,  the brand has benefitted

3. They have a wide collection of watches, from the daily wear and sports watches to fine classic watches

4. The brand, true to its image, is the timekeeper of the Volvo Ocean Race

5. The watches have developed a reputation of being sturdy and durable

IWC Schaffhausen Weaknesses

The weaknesses of a brand are certain aspects of its business which are it can improve to increase its position further. Certain weaknesses can be defined as attributes which the company is lacking or in which the competitors are better. Here are the weaknesses in the IWC Schaffhausen SWOT Analysis:

1. The brand awareness of the brand is not among the Target segment, but a portion of it. Only the watch collectors are very well aware of the brand
2. Low penetration in the emerging economies compared to a few premium watch brands


IWC Schaffhausen Opportunities

The opportunities for any brand can include areas of improvement to increase its business. A brand's opportunities can lie in geographic expansion, product improvements, better communication etc. Following are the opportunities in IWC Schaffhausen SWOT Analysis:

1. More brand penetration and visibility in emerging countries

2. Tie-ups with fashion events and houses to enhance brand position
3. Offer more customisation to customers to tap niche segments

IWC Schaffhausen Threats

The threats for any business can be factors which can negatively impact its business. Some factors like increased competitor activity, changing government policies, alternate products or services etc. can be threats. The threats in the SWOT Analysis of IWC Schaffhausen are as mentioned:

1. The more commonly known brands have a stronger reputation of being luxury watches that can threaten the brand presence

2. Fake replicas affects brand image and sales


IWC Schaffhausen Competitors

There are several brands in the market which are competing for the same set of customers. Below are the top 2 competitors of IWC Schaffhausen:

1. Patek Phillippe

2. Breitling

Hence this concludes the IWC Schaffhausen SWOT analysis.

Continue reading more about the brand/company.

About IWC Schaffhausen

IWC Schaffhausen Overview
Parent Company

IWC Schaffhausen (International Watch Company)

Category

Watches and Accessories

Sector

Lifestyle and Retail

Tagline/ Slogan

Fine time pieces from Switzerland;

USP

Watches made for pilots, sailors, divers known for their elegance and Engineering

IWC Schaffhausen STP
Segmentation

Luxury Segment

Target Market

High Income group Men

Positioning

Watches that are made for Real men with nerve and spirit


This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.

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