Titan
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Case Details:
Case Code : BSTA047
Case Length : 13 Pages
Period : 1970 - 2004
Organization : Titan, Tata Group
Pub Date : 2004
Teaching Note :Not Available
Countries : India
Industry : Watches, Electronics
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Please note:
This case study was compiled from published sources, and is intended to be used as a basis for class discussion. It is not intended to illustrate either effective or ineffective handling of a management situation. Nor is it a primary information source.
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Excerpts
Background Note
In the late 1970s, the Tatas had attempted to acquire the Bangalore-based watch company, Hegde & Golay. However, the venture failed to take off. In 1981, the Tatas received an invitation from the Tamil Nadu Industrial Development Corporation (TIDCO), to team up for a joint venture...
Operations
Engineering and manufacturing were critical success factors in the watch industry. As it commenced its operations, Titan faced major challenges. The company knew little about manufacturing quartz watches...
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Marketing
Watches
The quartz analog watch was an entirely new product for India in 1987. Titan decided it would radically change the way watches were marketed throughout the country. Titan's marketing strategy had five planks: a product of international quality, Indian designs, competitive prices, intensive advertising and promotion, and specialized retail shops to control the presentation...
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Globalisation
Titan had global ambitions almost right from the start. But its globalisation strategy had evolved over time, partly by design, partly by circumstances. France Ebauches, from whom Titan had sourced its movements technology, had, at the time of entering into the technology arrangement, agreed to buy back a part of Titan's production of watch movements...
Concluding Notes
Titan believed one of its key strengths was its strong brand equity, built up over the last 15 years. Titan also had a strong after sales service network. Titan also believed it was well positioned against foreign competitors, due to its better understanding of the local markets... |
Exhibits
Exhibit I: Revenue Break up by Division
Exhibit II: Segment Information
Exhibit III: Cost Break-up
Exhibit IV: Financial Performance
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