This is the question that I have been pondering sobre having had the opportunity to spend a couple of hours with "No barriers" founding Neal Petersen.
To save you time is the short version of the history of Neal - is a South African Black who grew up poor and disabled during apartheid still not achieved their dream careers/sailing solo around the world.Now does motivational speaking and participates in the peace talks in several other countries all the speech of Mr. Petersen mundo.Durante routinely ask the audience; "what makes what I do on a daily basis at work have a positive impact?"
This resonated with me, and while I personally reflect on this I can not help, but the question of the Director General of Harley-Davidson, Keith Wandell.
Today, Harley-Davidson reported quarterly ' 09 Q3 results and announced a massive reduction of 21.3% in revenues for the third quarter and 84.1% decrease in net results of a quarter year ago. Apparel and general merchandise represents 23% of revenues from H to date. Then the story is interesting.Announced that 14 distributors have closed the year so far and the expectation that additional distributors of 15-30 will be closed in the next 6 months, as the company reduces inventories to match the bad loan/delinquencies HDFS ventas.Discutieron and financial progress. The Harley-Davidson brand value (Note: your moved down 43 71 position) and the most important announcement was for Buell shutter as well to get rid of your MV Agusta drive product line. A busy day spin as Mr. Wandell came to discuss strategy goes 4-piller forward of: growth; continuous improvement; leadership development and sustainability.
In front of Buell, I can say that I am not surprised, because it was reported a couple of weeks back in the Milwaukee Journal-Sentinel that Erik Buell not to renew his contract of employment with the company of motors and there were a number of rumors circulating to what they might mean. I want to thank personally to Erick Buell Buell employees. I think that what they did on a daily basis at work had a positive impact. They should be proud of what made.Are a child poster of American innovation and passionate and inspired people can do on the engineering and manufacture of some of the best-handling bike in the world. but speak... of motorcyclist is WTF? An American had designed and built for motorcycle that was made Asia manufactures all year on the circuit of AMA Pro Roadracing and Mr. Wandell dumps it? Is this thinking now? 2009 marked the first year H had a motorcycle enthusiast not running the company and I have to ask if it got really there to see what all things race (Harley) was about and improve brand?
Since it was quite hard in an entry blog about of $ 108 million last year to MV Agusta and describing it as a train wreck, I agree with the decision to leave. Make sure that this happened in change of ex-CEO James Ziemer, who retired shortly after the operation cut, but clearly, the Board approved Mr. Ziemer, who marched with only $ 5 compensation package. compensation of 6 M, 26.5% in 2007. And in part on which compensation was based on the admiration of the plates of the operation of MV Agusta, right? The Board members should be on notice that now there are 180 employees another set to hit the unemployment due to the management of the company, and we all know that have line of sight makes economic issues just 12 months.
Shocker financial call was the statement by investing more in emerging markets up to and including the local market design and manufacturing! Is this a precursor to manufacture movement offshore?A lot of talk about pigs to China and India making, but nothing about what how well the strategy has worked to woo women, African Americans and Latinos.The brand value are weaved in growth strategy, but nothing about why dropped 43% in 2009.Spoke of two quarters of reduction of inventory, however progresado poco.Y loans made to borrowers to index it are simply not taking down housing.
The push by corporate H for resellers to build points of sale of increasingly large and high-end-glamorous meant more debt dealer and subsequent failures.Chapter 11 continue to stack in the Northwest.Three locations with one in Kennewick (hub owner), another in Spokane and location satellite in Lewiston, Shumate H ID.Me blogged this week about Dave Tuomisto, $ 16 M and 6 acres mega-expansion in Timpanogo, UT, which spent. it is clear not or if any of these dealers will be recurrence and disadvantage real will be H.O.G. folding groups, units of long service or to hang up and place in which general effects customer service and have a community healthy Harley.
Harley is in trouble importantes.El rotation, baby, turn from Mr. Wandell isn't good thing enough, my friend.
Photo courtesy of H-D. Call Transcript courtesy of SeekingAlpha. disclosure financial: avoid any investment in human development index
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