Racism In Germany And The Global Consequences For Premium Brands
Journal Title: SocioEconomic Challenges (SEC) - Year 2019, Vol 3, Issue 2
Abstract
This paper summarizes current political discussions and reports on xenophobic demonstrations and racist riots in the Saxon city of Chemnitz and contrasts them with the global context of the brand im-age of a premium watch manufacturer. Chemnitz is a city in Saxony (in East Germany) with approx. 250,000 inhabitants. It examines the impact of images in the media and videos the medium-sized company NOMUS. The manufacturer is the company of NOMUS, a medium-sized manufacturer of luxury watches. NOMUS sold its luxury products in international cities all over the world. The production of watches takes place in the small town > Glashütte <. Glashütte is approx. 80 km away from Chemnitz, approx. 7,300 inhabitants live in Glashütte. NOMUS supplies a worldwide dealer network with subsidiaries in the USA, Canada, Cuba, Argentina, the U.A.E., India, China, Japan, Australia and Europe. NOMUS has 250 employees in the glassworks and 50 employees in a design studio in Berlin. The main purpose of the research is to present the regional effects of racism in a Central German city on the national level of Germany and to evaluate the global economic effects for the location Germa-ny as such and the premium manufacturer of high-priced watches in particular. Subsequently, individual solutions for the local situation in the company and strategies for global marketing are sub-sumed. To describe the emergence of brand values, scientific literature is used; to systematize the current media coverage, the daily press must be used, in deviation from the scientific claim, since there are significant indications that the daily press has a significant influence on the perspective of the end customers of the premium watch manufacturer in the B2C business. A quantitative collection of customer data is dispensed with, and the expert interview is used as a methodical tool with the owners and managing directors of the watch manufacturer NOMUS. The aim of the research is also to empirically analyses the countermeasures taken in the company NOMUS and to theoretically con-firm their transferability to similar constellations. The research can be useful for the targeted control of reconnaissance campaigns and the targeted control of marketing activities in the international target countries. The article should explicitly not be a political classification of the current demonstrations. The article should not occupy any pages. The article only examines the impact of regional media events on NOMUS’ global business.
Authors and Affiliations
Dirk Zwerenz
Keywords
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- EP ID EP597240
- DOI 10.21272/sec.3(2).54-62.2019
- Views 129
- Downloads 0
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