Harley-davidson based on relevant five-force analysis

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Reference no: EM132196852

The critical competitive forces in the motorcycle industry that may threaten Harley-Davidson based on a relevant five-force analysis.

Leadership should implement tools of finding ways to anticipate, recognize and deal with change in the internal and external environment. The business cannot control aspects caused by the external environment, but need a strategic plan to respond to change and/or innovation if needed. Some external factors of critical competitive forces may include; economic conditions, market competition, technology, climate change, political, media, demographic and legal. Porter's five forces analysis is a very useful methodology to analyze the external environment effect on any organization or industry. By applying the external five forces (Competitive Rivalry, Supplier Power, Buyer Power, Threat of Substitution, and Threat of New Entry), we can easily determine the after effects of those forces on the specific organization.

The essence of the five-force, competitive analysis is to examine whether one might find it attractive or not to compete in a given industry, and where, specifically, there might be “dominant positions” within an industry, and to identify the forces that shape the potential to make money in an industry, given a particular “competitive position.” That is, how will you win? (How will you create unique value?)

QUESTION:

A detailed explanation of the critical competitive forces (and their underlying dynamics) in the motorcycle industry that may threaten Harley-Davidson based on a relevant five-forces analysis and other concepts. Be sure to explain how and why you've focused on the critical forces that you've identified.

Reference no: EM132196852

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