jean Flashcards
why own a Swiss watch?
artistic, heritage, craftsmanship luxury status
what was the issue in 1980 about the watch industry?
70% of watch jobs were gone
50% bankrupt
mechanical watches are considered useless
Japanese watches owned the market and were much cheaper
what were some personality characteristics of Jean?
he was selfish volatile and crazy
what was he good at?
great leader but a terrible manager
what was Biver doing in his early 20s?
hippie lifestyle
running marathons
living in nature
prepared his
what does a vision mean?
-clarity- defines some existing problem or solves some sort of unmet need that exists within the market
-conviction- willingness to put his reputation on the line
-connection - capturing other people’s imagination, connecting people to future reality
what are the four common paths for visionary leaders? how did this apply to Jean?
-prepare: early 70s prepares himself
-sense: at omega, he senses the opportunity
-seize: seized opportunity at Blancpain
-adapt: At Swatch ge adapted and worked for Hayek
why was Biver having an issue in deciding whether he should stay or not?
-at 51 battling Legionnaires disease
- he is wealthy and his wife expecting
what did Biver end up doing?
-left for Humbolt
-takes 20% equity but demands 100% control
-creates a new vsison of hubolt
-releases big band watch with high demand
-develops partnerships with unconventional brands
-responds to every email
what were Hublot results?
-increased revenue 10x in 4 years
-sold Hubolt to Louis Vuitton
-appointed head of watching making at ; Louis
-replaces senior executives
-partnership with Intel and Google to create a smartwatch
what was bivers legacy?
-protegees in Swiss watch industry
