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Strategies of Brand Company

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Submitted By mohanmony73
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WATCH BRANDS: * SONATA * G-SHOCK * FASTRACK
SONATA
Sonata was launched in the year 1997 as a sub-brand of Tata.
Business level strategy: Low Cost Leadership strategy.
Sonata, India's largest selling watch brand, offers stylish looks at affordable prices. The thoughtfully crafted designs encompass the aspirations of young India. The exciting range, with over 400 designs, offers affordable prices between Rs 225 and Rs 1400 by minimizing the cost by replacing stainless steel for stylish and strong super fiber watches.
G-SHOCK
G-Shock watches were launched in the year 1983.
Business level strategy: Differentiation strategy.
G-Shock is a brand of watches manufactured by Casio known for its resistance to shocks. They are designed primarily for sports, military, and outdoor adventure oriented activity practically all G-Shocks have some kind of stopwatch feature, countdown timer, light and water resistance. They have differentiated themselves by offering watches to high adventures segment and since watches are always on the wrist, customers need a watch that does not break even in a fall. Firmly footed in the "All-Around Tough" concept, Casio has developed this product over time, adding new and exciting features.
FASTRACK:
Business level strategy: Focus strategy
Fastrack entered the business by launching their products like sun glasses, bags, belts and watches which ranged from Rs 795 to 4750 with designs that are refreshingly different, casual and the brand was aimed at the youth segment i.e., 15-25 years. Although the brand appealed to youngsters, the price was a significant dampener. It was found that the target group which consisted of college students could not afford this brand. During 2003-04, the brand went in for a repositioning exercise targeting the executive segment as well as the casual watch segment.

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