In the 1980s, a lapse in production quality and an increase in Japanese imports drove the Harley-Davidson motorcycle company to the brink of bankruptcy. The company's super heavyweight market share had shrunk from over 40 percent in the mid-1970s to 23 percent in 1983. But by 1989, Harley-Davidson controlled some 65 percent of this market segment. From a marketing perspective, what was the most likely first step in Harley-Davidson's resurgence?
A) Developing a new mission statement
B) Repositioning its products in the minds of super heavyweight motorcycle buyers
C) Performing a SWOT analysis to assess the firm's internal and external environments
D) Selling new models of super heavyweight motorcycles in both the United States (current) and foreign (new) markets
E) Improving the quality of its products and communicating this to motorcycle buyers
Correct Answer:
Verified
Q237: The key steps of planning, implementation, and
Q238: Q239: Which of the marketing strategies for expanding Q240: Which of the following is not one Q241: The initial step in the planning phase