Answered step by step
Verified Expert Solution
Question
1 Approved Answer
please help with question 6 alternating strategies a, b and c based off question answer 1, 2,3, and finacial analysis and all answer
please help with question 6 " alternating strategies" a, b and c
3 Statement of the Current Problem(s) or Challenge(s) Harley Davidson has several problems and challenges that the organization faces. One problem they face as an organization is the cost of goods and tariff taxes. The second problem Harley Davidson faces is customer's low demand for the product. An example of this is the shrinking US motorcycle market. A third example of current problems and challenges facing Harley Davidson is giving an experience that goes along with the image that aligns with the brand. The fourth example is that as the market changes, more new products must be needed to attract a wide range of customers. Of the 4 categones, highlighted are the ratios the company should priontize if thes could only choose I from exch category: - Quick Ratio loetcure debes). - Net Profit Marsin - Cush Conversion Cycle und then convert invertary besk thto cash be vied up - Debt to Equity 2. Financial Analyais a. Relevint numbers ond/or robios- whot numbers phould the orgeniation crunch thet are of most importance to the organizotion's growth and profitability? - Liquidity Rationcoenved ansets, for coveries your detes, and procide a trood evenser of your finincial - Cemear Patio - Quckrabo - Activity Ration (efficiency ratios). reislits Ex- * Crosingetrmante - Profitability Ratios- - Profiabilty ratios are used to evaluale how much money your busintss is maing or losing These are the ratios fo use when you wart to kncu how much preft youlte earning Ex- * lovape tys amedory - imenar nemers * Asernereollaction periot - Aversider poyalit - Cat cosenascist - Leverage Ratios- - Detratacter - Delertazes from wach category. - Quick Rabo Harley Davidson's current strategy, according to the book. Harley-Davidson's current strategy has centered on heavyweight motorcycles, focusing most of the marketing and building of the brand around that item. Before the market crashed in 2008-2009, Harley Davidson was the leader in the market for heavyweight bikes, taking over more than half the market. The brand has an image that represents the strong American Spirit, rebellion. Harley Davidson has made the company strategy of motorcycles more than just going into the dealership and buying a motorcycle. The company has found a way to make Harley Davidson a way of life by having items targeted to help equip the motorcycle and other accessonies. In addition, Harley-Davidson has built a strong sense of community among its buyers. Traditionally, when individuals think about Harley Davidson, they envision the crusader motorcycle. These are the larger low-riding bikes with oversized handlebars up to the bike. This type of bike was designed for style rather than speed and comfort Harley Davidson, as of 2018, the brand image customer base was one of its most significant assets. Being a well-lnown brand has helped the organization ensure that they are a well-known brand and one of the oldest motorcycle companies but also has a particular lifestyle attached to it. The current strategy of Harley Davidson is to attract and invest in a new group of individual to be Harley Davidson users. Harley Davidson wants to attract a new age group of individuals to use its products and services. The second current strategy is to create a different experience from other dealerships and services offered by the commutation. 2. Growth and Expansion Plans: As of 2021, Harley Davidson has released a five year strategic plan that specifically target long term growth and shareholder value. By 2025, they are targeting low double digit EPS growth. In terms of expansion, they hope to broaden their consumer base and be inclusive to non-riders. - Expand their commitment to electric and lead the way for electric motorcycles - Long term investment - Working to create a separate division dedicated solely toward electric motorcycles - Work to strengthen and uphold Harley Davidson's brand power by re-vamping parts, accessories, riding gear, and global expansion of financial services based off question answer 1, 2,3, and " finacial analysis" and all answer provided with up to date information :))))
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started