The legal environment of Switzerland is very stringent with established legal policies and structure. The commerce and trade laws of Switzerland depict the specific rules and regulations for businesses in the country which need to be followed by them.
The technological environment for Switzerland is very advanced. The country has invested significantly in research and development. The country also boasts the pressmen of a technologically advanced group CERN which is established in the country. This technological development inSwitzerlandhas on one hand helped the luxury watch makers in providing them with new technologies and methods for making their products. On the other hand it is also a significant threat as it has reduced the barriers to entry in the watch market through the development of micro chips and digital watch making methods.
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