From
730 - TX Fly BackThe electronic compass allows for declination, while the bezel serves as the compass rose to track position. . . .
* Electronic compass with magnetic declination compensation - Accurate to +/- 10 degrees. . .
Battery: Panasonic CR2016 Battery life: 6 years
Interesting that they are getting more life out of the CR2016 battery with this watch than they do with the others (4 years) that don't have an electronic compass. That doesn't make sense unless they're using two batteries.
So many people can't navigate with a real compass and then they put an electronic compass in a watch.
As stated, the bezel serves as a compass rose. Assuming the red airplane looking needle is the electronic compass indicator (no digital readout that I can see), turn the bezel to orient North with the needle. (???)
If you have this watch and really intend to use it as a survival tool since it's available, practice with it when you also have a real compass to compare.