IMD-3-1649 © 2007
Bottger, Preston C.; Rädler, George
At age of 57; Hayek invested a significant part of his wealth to purchase into SMH; the combined business that later on ended up being the Swatch Group. The preliminary accomplishment of the Swatch watch conserved the Swiss watch market and set the foundation for the achievement of the Swatch Group. This note offer an overview of the tactical moves as well as Hayek's management design and management concepts. Surprisingly; Hayek was able to keep the momentum for nearly 2 years.
Subjects: Leadership; Management; Delegation; Control; Entrepreneurship; Change Management
Settings: Europe; Worldwide; Watch; Luxury; 20;000 employees; 1980-2006
