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 share of the U.S.super heavy-weight market segment-motorcycles with engine capacity of 850 cubic centimeters or more-collapsed from more than 40 percent in the mid 1970s to 23 percent in 1983.However,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 heavy-weight motorcycle buyers
C) performing a SWOT analysis to assess where the firm has been
D) selling new models of super heavy-weight motorcycles in both the U.S.(current) and foreign (new) markets
E) improving the quality of its products and communicating this to motorcycle buyers
Correct Answer:
Verified
Q243: Step 2 in the planning phase of
Q244: The initial step in the strategic marketing
Q250: Taking stock of where the firm or
Q268: Lego has traditionally been successful selling its
Q271: A situation analysis requires a firm to
Q272: Consider Figure 2-5 above.A family owns a
Q274: An organization uses the strategic marketing process
Q275: Procter & Gamble (P&G)is a consumer packaged
Q276: The acronym "SWOT" in the term "SWOT
Q278: An effective summary tool for an organization's
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents