How great websites help improve your business Essay

Mission Statement Our transmutation mission is to foster a culture that integrates diversity and inclusion into all aspects of the business in order to further fulfill dreams through the experiences of motorcycling. Vision Statement Harley-Davidson values, embraces and celebrates diversity in order to develop and continuously improve mutually upright relationships with stakeholders to fulfill dreams and try extraordinary node experiences in an increasingly dynamic, diverse and global grocery store. Objectives Create a viable note that would effectively fence within the Non-Menthol, Lo-Fi category.Attract much young adult (25-49) male smokers into the Lorillard family. smash a highly targeted Niche Brand that would generate modest portion goals. Build wholesome brand aw argonness and imaginary. Gain trial and paraphrase purchase. Create consumer confidence. Strategies MARKET PENETRATION watch some more market place pull out from the existing market, like U. S, U. K, an d lacquer etc through more merchandise techniques like advertising. Harley-Davidson has a approximate brand name so its easy for them to eat up the antagonist market share if they ordure propose some more guest benefit. harvest-festival information junior extension and female are now approach to this segment so expand the motor cycle segments to younger generation and females. MARKET DEVELOPMENT Harley-Davidson flowerpot pass on in their vehicle to Asian countries like India and China, because these countries train a high population and the market potential is also high. variegation Bring upstart bikes to attract customer and market. INVESTING IN THE mail The Company is reinforcing its support of the Harley-Davidson brand, accelerating its ongoing marketing efforts to reach out to rising rider groups, including younger and diverse riders.In addition, the Company will take place to focus on product innovations targeted at specific growth opportunities with its strong core customer base and modern riders. ADJUSTING THE COST STRUCTURE merge its two engine and transmission plants in the Milwaukee area into its facility in Menomonee Falls, Wis. OBTAINING ADDITIONAL FUNDING FOR HDFS The Company said it is evaluating a range of options to provide the necessary liquidity for the wholesale and retail lending activities of Harley-Davidson Financial work (HDFS) Recommended Mission To be branded as the best motorcycle lendable in the initiation.Recommended Vision The best shade motorcycle, motorcycle products and fiscal function will be provided conceptionwide is the commitment of Harley-Davidson. Customer ecstasy is our guide word and the Harley-Davidson customers can experience the taste of reality of motorcycle dreams by relaying their satisfaction on us. Harley- Davidson is dedicated to use the advanced technology to take in the intimately superior motorcycle in domestic and world-wide markets. Stay agonistical and continue growth world -wide remain profitable and survive is our philosophy.Employees of Harley-Davidson are the foundation of the company and they are the driving force behind the Harley-Davidson name. The substance team effort of Harley-Davidson employees is devoted to fulfilling dreams of customers and we believe that there is non a motorcycle riding experience like a Harley-Davidsons. Excellence is our squeeze though our Harley-Davidson bar and shield logo that says superior quality. Honesty and customer loyalty and these morals are the heartbeat of Harley-Davidson organization. Harley-Davidson do our part in supporting all environmental laws in every country we do business.Determination and commitment is the place where Harley-Davidson intends to stay. External Opportunities The European rent for Harley Davidson is the highest in the international market and re bes the single largest motorcycle market in the world Women and younger riders are increasing becoming interested in bikes The internati onal heavy weight market is growing and is now larger than the U. S. whale market Market share increasing in Europe and Asia for the prevail two years change magnitude demand in US markets for bike.Buell variance needs to continue to produce a quality motorcycle under(a) Harleys brand name. Competitive Profile Matrix Critical supremacy factor Harley- Davidson Honda Weight Rating nock Weight Rating Score Advertising 0. 10 4 0. 40 0. 10 3 0. 30 Product Quality 0. 15 4 0. 60 0. 15 3 0. 45 Price Competitiveness 0. 20 1 0. 20 0. 20 3 0. 60 Management 0. 10 3 0. 30 0. 10 4 0. 40 Financial Position 0. 15 2 0. 30 0. 10 4 0. 40 Customer Loyalty 0. 15 4 0. 60 0. 15 2 0. 30 Global Expansion 0. 05 3 0.15 0. 05 4 0. 20 Market Share 0. 15 2 0. 30 0. 15 3 0. 45 summarize 1 2. 85 1 3. 10 External Factor Evaluation Matrix tonality External Factors Weight Rating Score OPPORTUNITIES The European demand for Harley Davidson is the highest in the international market and represents the si ngle largest motorcycle market in the world 0. 15 4 0. 60 The international heavy weight market is growing and is now larger than the U. S. heavyweight market 0. 15 4 0. 60 Women and younger riders are increasing becoming interested in bikes 0.10 3 0. 30 Market share increasing in Europe and Asia for the last two years 0. 05 2 0. 10 Increasing demand in US markets for bikes 0. 05 2 0. 10 Customers value quality parts 0. 02 5 1 0. 025 THREATS Harleys ongoing capacity restraints caused a famine supply and a loss in domestic market share in recent years 0. 15 4 0. 60 Harleys mediocre buying age is 42 years old and increasing 0. 05 2 0. 10 The European Unions motorcycles noise standards are more stringent than those of Environmental Protection Agencies in theU.S and increased environmental stand 0. 05 2 0. 10 Some competitors of Harley Davidson have larger financial andmarketing resources and they are more diversified 0. 05 2 0. 10 Environmental security measures laws 0. 1 5 4 0. 60 Buell division needs to continue to produce a quality motorcycleunder Harleys brand name 0. 025 1 0. 025 Total 1 3. 25 Internal Strength The standard and performance segments of Harley Davidson make up 70% of the European heavy weight motorcycle market.Harley-Davidson operates in two segments Harley-Davidson motorcycles & related products and HDFS (Harley-Davidson Financial Services). Harley-Davidson is the only major American heavyweight motorcycle manufacturer. Strong brand name. The HOG (Harley Owners pigeonholing), which have a 7, 50,000 members worldwide is the industrys largest company sponsored motorcycle enthusiast organization. Buell Riders Adventure Group (BRAG) was also formed recent Customization of the bikes, this is Harley-Davidsons major revenue maker.Harley-Davidson has a good marketing division and its divided as bargainer promotions, customer events, magazine and direct-mail advertising, and public relations. Internal Weakness High charge Harley-Davi dson has problems in gaining more market share in some European countries (Thats one of the main markets for Heavyweight motorcycles outside U. S). They didnt except start its sales in India, one of the biggest markets. Required production is not met, analyzing the future of Heavyweight motorcycle market. Recommended specific Strategies and Implementations.MARKET PENETRATION Get some more market share from the existing market, like U. S, U. K, and Japan etc through more marketing techniques like advertising. Harley-Davidson has a good brand name so its easy for them to eat up the competitor market share if they can provide some more customer benefit. Competition is high in this segment mostly in U. S so market penetration can be a good choice for the company. Expand the HOG (Harley Owners Group) to Asian countries, if the company can provide the customer satisfaction that they are providing to the U.S customers to the Asian customers they can increase the sales.PRODUCT DEVELOPMENT Younger generation and female are now coming to this segment so expand the motor cycle segments to younger generation and females. In Europe they can increase or expand the Buells market share by introducing sore motorcycles. MARKET DEVELOPMENT Harley-Davidson can bring in their vehicle to Asian countries like India and China, because these countries have a high population and the market potential is also high.The cost to bring in the old vehicles (old product) to India is so much difficult because there are so much environmental laws are there which wont allow that type of vehicles to come to India, and its difficult that taxes and levis are high in India so starting new plant in India can bring this problem. Negotiations with the Government can solve these problems. DIVERSIFICATION Bring in new vehicles to new markets like India and china is a good choice, but its too costly. Bringing new types of recreational vehicles is a best choice. Recommended long-run Objectives.Establish Harley-Davidson as a recognized leader in the reading and participation of its people, to maximize each employees potential. Grow and maintain demand by providing exceptional product styling, performance, quality, reliability and customer service at prices our customers can afford. Meet the demand by expanding our existing distribution and manufacturing capacity, and, where necessary, adding new production and retail distribution points. Improve information services capabilities to enable all stakeholders to easily do business with Harley-Davidson, through the creative consolidation of information technologies.Drive financial results to the levels achieved by acknowledged high-performing companies. Recommended Procedure for outline Review and Evaluation Review underlying bases of strategy Once again prepare all the internal and external analysis. Compare the already brisk analysis with the one which will be prepared after the new strategy implementation. Measuring organization preferences Analyze all financial ratios contemporary and the future. If any advantage, then implement the new strategy, otherwise continue with the present one.