Over the past century, Rolex has built and defended a strong position in the high-end watch market. And it has remained independent even as many competitors have sought the shelter of conglomerates. Today, Rolex is the largest single luxury watch brand, with revenues of about $3 billion and annual production of between 650,000 and 800,000 watches. The secret to its success: a strategy that eschewed … [ Read more ]
Content: Case Study | Author: David Liebeskind | Source: STERNbusiness (NYU) | Subject: Industry Specific | Industry: Other | Company: Rolex
For 150 years, Steinway & Sons has set the standard for the quality manufacture of pianos. The secret to its longevity: a mix of old-world craftsmanship and modern-day management techniques.
Content: Case Study | Author: David Liebeskind | Source: STERNbusiness (NYU) | Subjects: Industry Specific, Strategy | Industry: Music