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Swiss preferred tradition and was reluctant to change. Their industry structure was very fragmented and therefore not adapted to high-volume mass production procedures. As a result, exports of watches fell as well as the employment and the number of firms. All because of the inability of the Swiss to adapt to the rapid emergence of new watch technologies...
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Swiss preferred tradition and was reluctant to change. Their industry structure was very fragmented and therefore not adapted to high-volume mass production procedures. As a result, exports of watches fell as well as the employment and the number of firms. All because of the inability of the Swiss to adapt to the rapid emergence of new watch technologies...
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