In: Operations Management
A. Strategic Alternatives |
1. |
Pro |
List and describe 3 viable options, at least, and give a Pro and
Con |
B. Recommended Strategy |
New Pro |
Choose one of the three alternatives as your final recommendation. Then explain WHY. Give Pro and Con of why this alternative is the BEST alternative of the 3 you listed in Section VI. A above, considering the reality of the external and internal factors at the end of this fiscal year |
Focusing on Harley Davidson in the market doing a Strategic Analysis
Three types of Strategic Alternatives for Harley Davidson are as below=
Price change= The company can think of reducing or modifying its pricing strategy in order to attract and accommodate more number of customers.
Pro= More number of customers can be included in the customer base
Con= It can hamper or reduce the profitability of the company
Focus on market expansion= The company has to expand its market more towards the developing countries where the purchasing power of the customers is increasing.
Pro= It will increase the market for the company
Con= It may distract the company's focus from the current market
Improving the product mix= The company may think of adding more variants in its product mix to have a lengthy product line to appeal to those segments which are still not addressed by the company
Pro= It will increase the offering of the company to the customers so more customer's need can be addressed
Con= Company can lose its well-established brand image