Posts Tagged ‘Seiko’

Seiko – Japan, Inc.’s Comeback

August 11th, 2010

It’s always impressive to consider Japan’s storied past. From a secluded island nation cut off entirely from the outside world for hundreds of years, Japan has developed its ties with the western world in a way that few other nations beyond Europe and North America have.

If you go back to World War II, you can witness the phenomenal growth that Japan experienced. Almost as soon as the smoke cleared, factories were being built again; Japan was rising. Look at Seiko and the success it enjoyed in the early 1960s. Even without the kind of international brand recognition and prestige that its name carries today, the company made a number of noteworthy innovations early on.

In 1965 Seiko produced the first diver’s watch ever made in Japan. Imagine, just twenty years after the most devastating conflict in human history, to take such a stride. These were decades in which the Japanese economy achieved unparalleled growth, easily outstripping other industrial nations in terms of annual economic expansion. It’s safe to say that the speed at which Japan recovered represented the most rapid increase in standards of living in human history. Seiko was right on the cusp of that, realizing its competitive advantage. Surely these early Seiko watches must have seemed quite a threat to the Europeans.

Seiko’s successive products were even more impressive. Their creation of the Professional Diver’s 600m was a giant leap forward. The titanium case was not only the world’s first, but provided the kind of protection necessary for a watch to function at even greater depths. This was the product designed specifically around the needs of professional divers pushing the boundaries. After all, the company was contacted directly by a diver, an individual who made it very clear to them what the next generation diving watch would have to be able to do. Thankfully, they listened.

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Seiko’s International Push

July 9th, 2010

Seiko's Watches

Japanese watch manufacturer Seiko recently announced that its coveted “Ananta” series would be released for international distribution. This is a curious but welcome development, and deserves some further comments.

Seiko itself remains a bit of an outlier in the high-end luxury watch market. That industry really and truly belongs to the Swiss, French, Germans, and Italians. In other words, it’s a European monopoly. Japanese maker Seiko represents the pinnacle of Asian engineering in an industry dominated by Europe. That it’s able to compete and thrive speaks volumes to its commitment to quality.

Maybe that’s what makes the Ananta so attractive and competitive. After all, the Japanese didn’t just mindlessly copy what the Swiss were doing. Instead, they applied techniques that have made them successful in both the electronics and the automobile industry. They applied precision manufacturing to the Ananta, and they incorporated certain cultural elements that serve to set their products apart from those of the Swiss. For example, Seiko claims that the Ananta is based upon Japan’s samurai sword. The lines, the cut—even the processed steel—derive their inspiration from the katana.

The icon is culturally unique, as well as bold and striking. It’s the perfect icon to build a brand around. Additionally, it’s a curious time for the Japanese to make a foray into the international market with one of their best products. The market is hurting; global sales are down across the board. Seiko’s left the Ananta in its own domestic market for some time, and only in 2010 does it decide to export it. Perhaps the recession has given the Japanese the opportunity to claim market share at their expense. When the global economy rebounds, Seiko may find itself in a better overall position than its rivals. Perhaps this is Seiko’s preliminary steps toward building a stronger international clientele.

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