1. Industry Report on Smart watch industry Please select an industry and write a rigorous industry report for your selected industry that incorporates the following: ● The market structure of the...

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1. Industry Report on Smart watch industry



Please select an industry and write a rigorous
industry report
for your selected industry that incorporates the following:


● The market structure of the industry by determining the concentration ratio in the industry and how market structure affects the entry into the market


● The nature of the industry and the network effects


● The production structure of the industry, initial capital requirements, sunk costs, and economies of scale


● The prospect of industry in the future in regard to technological innovations




2. Company Report: Apple watch



Now assume you are managing a company in this industry and are asked to write a Company Report about the long-term strategic decision making of the company. The purpose of this report is to recommend a few policies to the CEO that assures a sustainable competitive advantage and long-term profitability for the company.



Please include the following variables in your Company Report:


● Sustainable market share and how it can be achieved


● Branding, reputation, and a considerable base of loyal consumers


● The managerial efficiency in strategic decision making regarding:


o The integration and merger activity, vertical and horizontal integration


o Preventing entry of rivals by pricing and cost policies such as limit pricing, predatory pricing, and raising rivals fixed or marginal costs






Minimum 6 peer-reviewed articles with citation

Answered Same DayAug 21, 2021

Answer To: 1. Industry Report on Smart watch industry Please select an industry and write a rigorous industry...

Soma answered on Aug 22 2021
154 Votes
Industry report on Smart Watch
Company report over Apple watch
Table of Contents
Smart watch industry: an overview    3
The market structure of Smart watch Industry:    3
Network effects and the nature of the industry    3
Production structure:    4
Technological innovation and future prospect:    4
Sustainable market share Of Apple Smartwatch    5
Brand reputation and consumer loyalty    6

The managerial efficiency in strategic decision    6
The merger activity and vertical integration:    7
Pricing strategy of Apple watch:    7
References    8
Smart watch industry: an overview
A smartwatch is wearable and very much resembles the wrist watch but has the capabilities to compute the specific functions. The smart watch industry is currently growing at a phenomenal pace. The rapid penetration rate of urbanisation and the keen to possess aesthetically appealing advanced gadgets are the key demand drivers behind the rising global demand for smartwatches. Smart watch industry has witnessed a surge in demand among then new users that includes old age population. Smart watch giants like Apple or fitbit has added some important health monitoring features in the watch that attracts the older population. Fitbit has added a sleep detection arena where as Apple has an app that can detect fall. The unprecedented growth of tech savvy population, the rising pool of chronic diseases as well as increasing awareness of maintain the healthy lifestyle are some of the driving forces of the market growth smart watch.
The market structure of Smart watch Industry:
The smart watch industry is operating under the oligopoly market structure. In oligopoly, few large firms usually dominate the market. Smart watch industry is also dominated by few large companies that include Apple, Samsung, Lenovo, Garmin, LG, Fitbit. The smart watch firms are consistently putting efforts for product innovations to attract the new customer segment. Since the smart watch companies are few, they account for large market share. All the firms are selling similar products known as smartwatches but the features are significantly different from others. The firms are spending huge amounts on advanced research to augment the product innovation in then market. Latest technology features are added in the products to make it more appealing among the customers. North America is the largest market for smart watch where as the market in Asia Pacific regions is increasing exponentially. Since the entire market is controlled by few sellers, the competition is intense among the firms. Partnership has become the recent trends in smartwatch market landscape- for example, with then partnership of a heath care starts up, RKI has launched a smart watch app. (intellengence, 2021)
Network effects and the nature of the industry
The smart watch companies like Apple and FitBit definitely owes its success to their strong network effects. Wearable networking is definitely important and considerably different from smartphone networking. Smartwatch usually does not directly access internet rather it is paired with the smartphone as a gateway. The interaction between the smartwatch and the smartphone is via Bluetooth not via WIFI. It is very difficult to understand the network performance of smartwatch as it incurs complex interactions with various devices, networks and protocols. (ZHU, March 2019)
Production structure:
The advancement of information technology plays the vital role behind the production structure of smart watch. Smartwatch has an aesthetic design with robust computing power. Smartwatches are connected to the smartphones and extended their functionality aiming towards simplifying the user’s lives. Wearable technology has profound implications in our daily lives as it simplifies our lives and free up the arms. Along...
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