COMPETITIVE ADVANTAGES AND MANAGEMENT PRINCIPLES AT THE PATEK PHILIPPE COMPANY

The article shows the role of the biggest watch manufacturer, the company Patek Philippe on Swiss watch market, studies advantages of this family business and its distinguishing features in comparison with international joint stock companies. Special attention was paid to investigating competitive a...

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Autor principal: A. V. Butov
Formato: article
Lenguaje:RU
Publicado: Plekhanov Russian University of Economics 2020
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Acceso en línea:https://doaj.org/article/d9cdee1ff93f417d934fea00ba5e8062
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spelling oai:doaj.org-article:d9cdee1ff93f417d934fea00ba5e80622021-11-15T05:20:49ZCOMPETITIVE ADVANTAGES AND MANAGEMENT PRINCIPLES AT THE PATEK PHILIPPE COMPANY2413-28292587-925110.21686/2413-2829-2020-1-179-185https://doaj.org/article/d9cdee1ff93f417d934fea00ba5e80622020-02-01T00:00:00Zhttps://vest.rea.ru/jour/article/view/828https://doaj.org/toc/2413-2829https://doaj.org/toc/2587-9251The article shows the role of the biggest watch manufacturer, the company Patek Philippe on Swiss watch market, studies advantages of this family business and its distinguishing features in comparison with international joint stock companies. Special attention was paid to investigating competitive advantages and values of corporate culture and management principles – the foundation of the company success, which developed unique watch manufacturing startling the whole world with its complicated watch mechanisms and perfect design. Such amazing details of the company Patek Philippe were described as a century guarantee for the company products, caring for customers during the longest in history service life, setting-up a museum of watch art filled with the rarest works, the biggest library on watch manufacturing and experience, knowledge and competences accumulated during 180 years of company life. The author shows the innovation, creative atmosphere supported by the company top management in order to motivate employees to develop master pieces of watch manufacturing, to put out morecomplicated models of watch exceeding customers; expectations. In general, the perfectionist business-model of the company was depicted, which stirs admiration and deserves interest of business community.A. V. ButovPlekhanov Russian University of Economicsarticlestrategyfamily businesswatch manufacturing industrytime zoneeternal calendarautomatic windingsmart-watchEconomics as a scienceHB71-74RUВестник Российского экономического университета имени Г. В. Плеханова, Vol 1, Iss 1, Pp 179-185 (2020)
institution DOAJ
collection DOAJ
language RU
topic strategy
family business
watch manufacturing industry
time zone
eternal calendar
automatic winding
smart-watch
Economics as a science
HB71-74
spellingShingle strategy
family business
watch manufacturing industry
time zone
eternal calendar
automatic winding
smart-watch
Economics as a science
HB71-74
A. V. Butov
COMPETITIVE ADVANTAGES AND MANAGEMENT PRINCIPLES AT THE PATEK PHILIPPE COMPANY
description The article shows the role of the biggest watch manufacturer, the company Patek Philippe on Swiss watch market, studies advantages of this family business and its distinguishing features in comparison with international joint stock companies. Special attention was paid to investigating competitive advantages and values of corporate culture and management principles – the foundation of the company success, which developed unique watch manufacturing startling the whole world with its complicated watch mechanisms and perfect design. Such amazing details of the company Patek Philippe were described as a century guarantee for the company products, caring for customers during the longest in history service life, setting-up a museum of watch art filled with the rarest works, the biggest library on watch manufacturing and experience, knowledge and competences accumulated during 180 years of company life. The author shows the innovation, creative atmosphere supported by the company top management in order to motivate employees to develop master pieces of watch manufacturing, to put out morecomplicated models of watch exceeding customers; expectations. In general, the perfectionist business-model of the company was depicted, which stirs admiration and deserves interest of business community.
format article
author A. V. Butov
author_facet A. V. Butov
author_sort A. V. Butov
title COMPETITIVE ADVANTAGES AND MANAGEMENT PRINCIPLES AT THE PATEK PHILIPPE COMPANY
title_short COMPETITIVE ADVANTAGES AND MANAGEMENT PRINCIPLES AT THE PATEK PHILIPPE COMPANY
title_full COMPETITIVE ADVANTAGES AND MANAGEMENT PRINCIPLES AT THE PATEK PHILIPPE COMPANY
title_fullStr COMPETITIVE ADVANTAGES AND MANAGEMENT PRINCIPLES AT THE PATEK PHILIPPE COMPANY
title_full_unstemmed COMPETITIVE ADVANTAGES AND MANAGEMENT PRINCIPLES AT THE PATEK PHILIPPE COMPANY
title_sort competitive advantages and management principles at the patek philippe company
publisher Plekhanov Russian University of Economics
publishDate 2020
url https://doaj.org/article/d9cdee1ff93f417d934fea00ba5e8062
work_keys_str_mv AT avbutov competitiveadvantagesandmanagementprinciplesatthepatekphilippecompany
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