Verified Document

Harley Davidson Summary Of Attached Term Paper

5%; 2003: 49.5% Honda - 2001: 20.5%, 2002: 19.8%; 2003: 18.4%

Suzuki - 2001: 10.8%; 2002: 9.6%; 2003: 9.8%

Yamaha - 2001: 7.9%; 2002: 8.9%; 2003: 8.5%

Net revenues motorcycles in major markets

United States - 2002: $3,416,432; 2003: $3,307,707

Europe - 2002: $337,463; 2003: $419,052

Japan - 2002: $143,298; 2003: $173,547

Canada - 2002: $121,257; 2003: $134,319

Competitive Categories

Performance

Styling

Breadth of product line

Image and reputation

Quality of after-the-sale service

Price

Internal Analysis

As the external analysis clearly reveals, the Harley Davidson Company remains the top competitor in the motorcycle industry, since its inception in 1903. Harley Davidson has several strengths in its favor, as the company continues to increase profits and revenue, and has a positive outlook for its future. The company's main strengths are its continuous improvement, employee motivation and involvement, and key management strategy regarding the company's operations. One area of improvement is that the company focuses on their long-term issues, rather than a short vision. In 1985, the company was restructured according to Japanese-derived management principles that consisted of new marketing strategies and new manufacturing techniques. The company also motivates employees by including them on the management decisions, and instill values such as truthfulness, respect for individuals, and the stimulation of intellectual curiosity. Management in turn passes these values down through the products, workers, and financial success. Management is able to keep a firm grasp on the company's operations, and can consistently build improvement.

Harley Davidson's weaknesses consist of its main focus on luxury, high-end products, and the fact that the vast majority of its market share consists of the United States. These are weaknesses because this keeps the company so specialized that it can be driven out of other markets, such as cheaper bikes for use in urban or developing countries. However, this weakness can also be viewed as a strength because Harley Davidson is manufacturing high-end, expensive products for those consumers that can afford such products. The same type of sales for cheaper products in developing countries where consumers do not have the spending...

The company has on-going relationships with companies whose goals are to improve engineering, and as a result, they are able to easily incorporate new technology into new and existing products. Harley Davidson is also an industry leader on endurance testing, while no other technology or machine has the capability of detecting secondary damage before it happens. The company is also very innovative and is not afraid to take risks, and the company has taken risks associated with a certain image, and turned them into successes. For example, the company has created a unique image with quality, and consumers immediately attribute Harley Davidson motorcycles as being of the best quality available. Another opportunity the company has is the ability to penetrate developing countries' demands for heavy bikes. This is a good opportunity, even though sales in such developing countries may start out rather slow, until the country and the customs of its people acclimate to the use of heavy bikes.
As any successful competitor, Harley Davidson also has weaknesses that can be viewed as direct threats to its overall well-being. Such threats are Japanese bike makers, who are beginning to saturate the industry with many different styles and models, which sell for a significantly lower price. Japanese bike makers are additionally seen as a threat because of their capability to make quality bikes at a significant lower manufacturing cost associated with production. In addition, the company is threatened by several other low cost producing companies from other parts of the world.

Finally, Harley Davidson's financial performance is strong, as indicated in the external outline above. The company consistently has revenues and motorcycle sales that far exceeds the revenues and sales of any other competitor in the industry. The company also mains a consistent growth percentage every year, whereas the growth rates of competitors fluctuate on a yearly basis. Harley Davidson has steadily grown every year, with a few very infrequent exceptions. Furthermore, the company has managed to carry a minimal amount of debt as compared to other contenders in the industry. Finally, the long-term success of the company, its reputation and brand recognition will…

Cite this Document:
Copy Bibliography Citation

Related Documents

Macro-Environment Socio-Cultural and Demographics Demand for Green...
Words: 7562 Length: 20 Document Type: SWOT

Macro-Environment Socio-cultural and demographics Demand for green products Legislation Economic environment Technology Business Level Strategy Protection from the Five Forces Threat of New Entrants Competition Substitutes Supplier Power Competition The building of relationships Business partners/transactions Strategic management Improved value chain Inbound logistics Manufacturing operations Outbound logistics The sales and marketing techniques The virtual value chain The macroeconomic environment of any enterprise is indeed a very vital thing to all the operations of the enterprise. This is brought about by the fact that both the present and the future operations of the business

How Can We Make Profit Through Investing on Stock Market
Words: 11006 Length: 33 Document Type: Dissertation

profit through investing on Stock Market Generally, all over the world financial markets exemplify a state of intricate and inscrutable situation. These marketplaces are of immense significance in the western nations, where the constituents employ their expertise to invest and generate profit whilst formulating a pool of funds, statistics, derivatives, shares and calculation intricacy. These constituents or elements are those investment maestros who are the whole and sole performers of

Ford Mustang Financials As a Company, Ford
Words: 3250 Length: 10 Document Type: Essay

Ford Mustang Financials As a company, Ford has improved its sales in the past two years, after struggling during the recession. Ford's revenues in the last fiscal year (2011) were $136 billion, compared with $116 billion in FY2009 and $168 billion in FY2007. The company's profits have also fluctuated over that time period. FY2011 saw a profit of $20.2 billion, compared with $2.7 billion in FY2009 and a loss of $2.8 billion

Journalism 'Usually the First Thing People Say
Words: 1027 Length: 3 Document Type: Term Paper

Journalism 'Usually the first thing people say when they get in is 'Wow! Sh*& ! damn!' They can't believe how big it is on the inside." Susan Smith, a thirty-two-year-old computer programmer living in Toronto, is bragging about her Smart car. The Mercedes-made, Daimer-Chrystler-distributed fuel efficient mini car looks no bigger than a Harley-Davidson cruiser. In fact, the Smart car is only eight feet long, five feet high, and weighs considerably less than

Manufacturing World Class Manufacturing
Words: 15740 Length: 57 Document Type: Term Paper

Manufacturing Seven Key Elements for Successful Implementation Norman Binette, Jr. Biddeford, Maine Manufacturing organizations are built on the premise that they possess the ability to provide a wide variety of quality products for their customers. This reputation is dependent upon the constant review of existing processes and the identification of new and innovative methods of production that will enhance and increase the diversification of product lines. One such process that has proven itself

Sign Up for Unlimited Study Help

Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.

Get Started Now