When you hear the name Swatch, you may picture an affordable wristwatch with neon bands, a pop-art face, and an invite to the Middle School dance. But this humble plastic timepiece played a huge role in geopolitics: the Swatch saved the entire Swiss watch industry from something called the “Quartz Crisis.” Rolex is only thriving today as a luxury product because Swatch pulled off a James Bond-level rescue operation. Thanks to the big strategic bet of a consultant named Nicolas Hayek, Swatch became the best-selling new brand in the history of business, reaching $10B in revenue annually. But does the “S” in Swatch stand for “Swiss” or “Second”?” (We’ll save it for the pod). Find out why Swatch is the best idea yet.Be the first to know about Wondery’s newest podcasts, curated recommendations, and more! Sign up now at https://wondery.fm/wonderynewsletterFollow The Best Idea Yet on the Wondery App or wherever you get your podcasts. You can listen to new episodes early and ad-free on Wondery+. Join Wondery+ in the Wondery App, Apple Podcasts or Spotify. Start your free trial by visiting www.wondery.com/links/the-best-idea-yet/ now.See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.

Transcript

Related