Technology is a leading role in effective business practices. As technology changes so rapidly, managers must have the capability to adapt to the change and make the necessary decision to maintain success. My friends shop has to constantly keep up to date with the latest changes in the automotive industry. They must do this in order to stay ahead of their competitors and be able to effectively diagnose and repair vehicles in a timely fashion. Innovations in the automotive industry also drive customers to bring their vehicles in to be worked on by automotive shops rather than working on them themselves.
1. How does Harley- Davidson provide customers with form, time, place, and ownership utility for its motor-cycles? Harley Davidson is great at providing their customers with form, time, place, & ownership utility. They do this by knowing their customers & anticipating their needs. So their customers are able to find their goods and services available when and where they want to purchase them.
The key characteristics of this organizations products and services is the Brand name, using a unique brand name “braaap” makes it easier for customers to remember. The brand loyalty that customers have is shown on their website through their “Testemonials”, this shows the customer satisfaction of the product and how pleased they were with their services and products, this then communicates that if the customer was in need of another bike they would go back because of their experience through braaap because of their products and services. The compatibility of these bike to different services or needs is available through the different designs and builds. This organization has designed motorcycle gear that is well suited to the bike and spare parts from different manufacturers to ensemble the bikes making it easy to find parts if anything was to go wrong. At Braaap they allow the degree of customization to be explored, this is made through choice the different colours to make your motorcycle, as well as stocking a wide array of sticker kits to use and even different parts to add to the bike.
However, whilst Brompton has its strengths, it also has its weaknesses. A standout weakness for me is that the companys headquarters are in London, UK. The cost for both the land and the production are extremely high and Brompton would benefit far greater if they were to have their production line based in another country, perhaps in Asia or Africa. Also, One of Brompton Bicycles main strengths is also one of its main weaknesses as with their almost single-minded approach to the biking industry they have risked being left behind by its competitors. They are now losing market share – some competitors are making upwards of 350,000 bikes each year.
This would project a certain way a consumer could imagine his or her life could be like. The idea would be to add features that include useful needs to the current clientele by focusing on the new design of the motorcycle. Host events where current customers could see the new motorcycle up close and try it out. If the consumers could have a hands-on approach to the product, they would more likely to purchase one of Thorr motorcycles. Then we could host parties for Cruiser Thorr owners, contract celebrity endorsements in addition to supply products giveaways.
Chase Paymentech can also be credited as helping fuel the growth of ecommerce worldwide. I believe that when it comes to ethical principles Chase really has it down. In regards to customers Chase Paymentech wants to give its merchants the best methods to accept credit card payments from their customers with excellent pricing. They have come up with different programs for all types of business, ranging from small to large. The company helps these varying business with affordable pricing, tools to help grow and maintain their businesses.
It would be like trying to drive a car with out the fourth wheel. How would you know what you need to successful and how would you know if you had the right overhead or even the right products to sell? There is a lot of variables in a business that require a strategy. Who will know what they need to do if you don't have some type of organization of the system you are trying to run. It is also important to a business to have some type of base plan for any business that affects its revenue, expenses and profits.
The decisions they make may affect the amount of stakeholders in a business. There are different types of stakeholders these are: * Costumers * Employees * Suppliers * Owners * Pressure groups * Trade unions * Local and national communities * Government All of these stakeholders have an interest in a business and the business also has an interest in the stakeholders. Costumers have an interest in the business as they want the companies to produce high quality products for a fine price. Costumers want to see improvements on the
Dirt Bikes USA Analysis Dirt Bikes USA is a small privately owned company that makes and sells its own brand of off road motorcycles. The main goal of the company is to produce motorcycles that outperform the competition’s bikes, and look better while doing so. The company would also like to promote stronger relationships with their customers. To this end they have started a Dirt Bikes USA Owners Group. The President, Steven McFadden and the CEO, Carl Schmidt both have engineering backgrounds and are motorcycle enthusiasts.
Strengths: Catalog Sale, Internet sales, Email Client Base, Stores are tourist sites Weaknesses: Minimal employee training, employee salaries are low causing high turnover rate, not located in every state Opportunities: expansion across the United States, and expansion into Canada Threats: Competitors Taking shares of the market, bad media stating Bass Pros Shops does not uphold their promises about economic development, Ever changing market in customer needs and wants 2. Can you think of retailers in other categories that might successfully emulate the format and execution of Bass Pro Shops? Some of the top retailers that emulate the format and execution of Brass Shops would be the following: A. Sports Authority, anything and everything for athletic and field sporting needs B. Cabelos, hunting and fishing gea C. Scheels, the newest sporting good featuring a 16-car Ferris wheel rising toward a skylight, a