...Samuel M. DeMarie Victory: The New American Motorcycle Celebrates Its First Decade on the Road Now that we are in our 10th year and have a fairly complete line of premium cruiser and touring motorcycles, it is clear what we stand for, and who we appeal to most. Victory stands for class-leading quality, innovation and style. Victory is American and new- always looking forward. We are all about the future of American motorcycles. - Mark Blackwell, Victory Vice President1 Mark Blackwell, vice president in charge of Victory Motorcycle at Polaris Industries, glanced up at company headquarters in Medina, Minnesota as he pulled his gleaming cruiser into the parking lot. An accomplished rider himself, winning the national 500cc motocross championship and being inducted into the American Motorcycle Association’s Hall of Fame, he knew his company’s bikes had come pretty far since they were first introduced to the riding public in 1998. With the development of the new Vision, a luxury touring bike, and the steady release of aggressively-styled cruisers, the company had continually innovated throughout its first decade in business. Yet Blackwell pondered the recurring questions facing Victory Motorcycles and Polaris. He wondered if the initial decision to diversify into heavyweight motorcycles was the right road to take. He realized Polaris took a big risk by moving into motorcycles and going up against the recognized powerhouses in the industry. He questioned if Victory could continue successfully...
Words: 12306 - Pages: 50
...FRE 6123 Final Solutions May 7, 2009 This final was 50% of your grade. Here was the distribution of results: You can pick up your graded final exam from me on Monday if you want. But perhaps you don’t need to. Here are the solutions. 1. (5 points) Basics a. (2 points) Under the Capital Asset Pricing Model: A. Every investor holds the risk free asset only, and none of the market portfolio. B. Every investor holds the market portfolio only, and none of the risk free asset. C. Every investor holds a portfolio with a beta of one. D. None of the above. CIRCLE ONE: A B C D Solution: D. Investors can hold any combination of the riskfree asset and the market portfolio, depending on their particular risk aversion, etc.; so A and B are false. C is false because, for example, an investor holding just the riskfree asset holds a portfolio with a beta of zero. b. (1 point) Asset A has a correlation of 80% with the market, but asset B only has a correlation of 50% with the market. Therefore, asset A has a higher beta to the market than asset B. CIRCLE ONE: TRUE FALSE Solution: FALSE. The beta is the correlation times the asset volatility divided by the market volatility. If asset A has e.g. half the volatility of asset B, then asset A would have a lower beta. c. (2 points) There are 100 different assets. You plot their means and standard deviations, and painstakingly figure out the efficient frontier. You plot the risk free asset and find the tangency portfolio. Now, you...
Words: 1572 - Pages: 7
...1. Mercury is properiate for AGI as long as AGI could acquire by a price not much higher than Mercury’s true intrinsic value. According to Liedtke’s analysis, this acquisition will almost double AGI’s size, which would give it some competitive advantages in both operating and financing. Additionally, according to table 2 and Ex1, AGI and Mercury have an exactly same operating metrics, including RONA, ROE, and Asset Turnover during the past three years, which also makes Mercury a proper target. Except for Women’s Casual Footwear division, which will be closed in one year after acquisition, the other three of Mercury all demonstrate a prosperous future prediction in margins and growth. 2. As shown in Appendix, Net Income Margin, NWC as % of Revenue, and Depr. as % of PPE projected by Liedtke maintains stable and reasonable, compared with both the industry average and Mercury’s previous performance. Specifically, revenue growth rate will drop by a large degree in 2008 for the reason that AGI plan to shut down the business of Women’s Casual Footwear. It is still reasonable because EBIT margin and other ratios will be stable and close that business will not hurt the business as a whole. However, the EBIT and EBITDA Margin are recommended to be lower than the projection because Mercury got most of its sales from discount promotions, and it is suggested to keep this strategy, which may lower down the margins. 1. 2. 3. 1. Projected Cash Flow is shown in appendix. The...
Words: 1037 - Pages: 5
...2012 The strategy in businesses can be compared to the strategy on the battlefield in many aspects. In both settings a good strategy is crucial to survive and reach your own goals and to prevent defeat by the enemy or competitor who, most probably, has opposing wills. In these pages, the strategy in businesses is linked to the military principles of war. I believe that there are quite some similarities between that what is educated at the Military Academy and that what I’ve learned at TiasNimbas. Although different lists with military principles of war circulate, the ones discussed in this paper are of frequent occurrence. On the battlefield as well as in business applying one principle makes is hard, or even impossible to apply an other at the same time. The commanding officer needs to weigh one against another and choose the best for the specific situation. Objective Direct every military operation towards a clearly defined, decisive, and attainable objective. This needs little to none translation to a non-combatant environment. If it’s not completely clear what you want to achieve, one thing is sure, you’ll never reach your objective. So start with making that clear and think of ways to evaluate the completion of your objective. You need to know and to understand where results come from in order to adapt and survive. Offensive When you have the initiative, it is you who decides where and when battles are fought. It prevents the enemy to exploit all of his strength, which...
Words: 2403 - Pages: 10
...In a strongly dictatorial community, one finding success through personal identity was strenuous but proven possible. Rand provided a message of distinctiveness and individuality in Anthem, where motive and going above one’s believed and allowed abilities accomplishes true freedom, colliding selflessness and selfishness. This society convinced those living in it that the only way they will survive was to feed off of the minds of others, which was explained in The Soul of An Individualist. The promotion of altruism in this society created a challenge for those who allowed their own vision to advance ahead of what they have been trained to believe, but Prometheus proved it possible to challenge rules as harsh as death for going against collectivism. It is one threat to society to understand and think about going against the law, but allowing oneself to act upon those thoughts is straining and extremely unacceptable. Prometheus had a compelling motive pushing him...
Words: 667 - Pages: 3
...The Rise to Power of the CCP was made possible because of the failure of the existing regime to deal with economic and political problems. To what extent do you agree with this statement? The rise to power of the CCP refers to CCP achieving victory over the GMD in the Chinese civil war in 1949. The time period that will be considered is 1945 to 1949 and asides from the economic and political problems of the GMD, the strengths of the CCP and the weakness of the GMD will be considered for a holistic evaluation of the extent the rise to power of the CCP was due to the economic and political problems of the GMD. Economic problems aided the rise to power of the CCP to a large extent as it undermined the GMD’s ability to rule China, decreasing is popularity with the people, allowing the CCP to gain the support of the people in the civil war. The inflation of prices signalling economic failure can be seen from the price index increasing from 249,100 in 1945 to 287,700,000 in 1948 which led to people being demoralised and the GMD government being discredited with their economic policies which in turn led to decreased popularity, shown by the main supporters of the GMD being rich landlords and the majority of peasants not supporting the GMD but instead supporting the CCP. However, political problems such as corruption in the officials were as significant as economic problems as it resulted in the GMD losing peasantry support. GMD officials that took control of Taiwan were corrupt and...
Words: 1218 - Pages: 5
...Content Chapter 4: Disposition of the Army Sun Zi said: In antiquity those who were excelled in warfare result that they would not be defeated and then waited for opportunities to defeat the enemy. Positioning means that importance to defend the existing position lead you to move in advance on your opponents and how you must recognize for the opportunities to defeat the enemy. As indicate in business application, according to the Product Life Cycle there are 3 stages. According to the above as Sun Zi said, this is the first stage of the Product Life Cycle. If your company would like to come out a new product wait for the good opportunity and see the external environment such as government policy, competitor’s strategy, consumer behaviour, trend, supplier and more. The manager of the company have to do some research about the current market, collect more information, build up connection, build up strong financial background, build up internal culture and Research and Development in order to succeed in the future. The vital action is being well prepared before the opportunity coming. In this stage, when an established company comes out with a new product and the product may invest a lot of research and development capital. However the investor might not getting good returns or feedback when compare with the effort they are putting. In other words, this also show an indication that the company to rest and do another well preparation before they start over again for the...
Words: 1817 - Pages: 8
...|Student No. & name | | |Student’s Declaration |I certify that the work submitted for this assignment is my own and research sources are fully acknowledged. | | | | | |Student signature: Date: | | | |Assignment No. & title |1601, Managing Communications, Knowledge and Information | |This assignment covers the following assessment criteria | |Outcomes |Criteria | |LO1. Understand how to assess |1.1 discuss the range of decisions to be taken | |information and knowledge needs |...
Words: 1036 - Pages: 5
...are becoming more difficult to find and identify. According to a research study conducted by the Watson Wyatt group, 44 percent of the employees surveyed said that the top management within their company was not honest (CNNMoney, 2004). In order to fully appreciate the conclusion for the above survey one must understand what ethics and morals mean in today’s business communities. Ethics are defined in today’s business communities as acceptable guidelines for behaviors within a group or company, and morals are defined as a particular individual’s values of right and wrong (DuBrin, 2010). So how can our company ensure that our leaders are being moral and ethical leaders? Well according to The quest for moral leaders: Essays on leadership ethics, we can start by ensuring that our leadership always abides by the principles of ethical and moral leaders (Ciulla, Price, & Murphy, 2005). There are five principles that an ethical leader should always abide by and they are: 1) always be honest and trustworthy; 2) be attentive to all of their stakeholders; 3) work to build community; 4) always respect each and every person; and 5) they should accomplish silent victories. Each of these principles provides a key element to having ethical and moral leadership as well as having a successful company since one must have the other. Principle one says leaders should always be honest and trustworthy. This is a crucial quality of any successful leader since is it a key factor of acquiring additional...
Words: 661 - Pages: 3
...return the body of Hector for Priam. Both Kings’ embassies were convincing, but only Priam succeeds to persuade Achilles to return Hector back. Agamemnon’s embassy to convince Achilles to return to the war alongside of the Greeks Army failed even when his fellow Greek and countrymen’s morale is slowly decreasing due to his leave and a plague that had struck their camp. Agamemnon failed to convince Achilles because in the beginning of Iliad, nine years after the beginning of the war, they had won a battle against the Trojans and had ransacked a Trojan town where the battle took place. In the book, Agamemnon, the chief commander of the Greek army had taken a woman Chryseis as a price of victory over the battle. On the other hand, Achillies, a fierce important warrior of the Greeks took Briseis as his price. What they later found out was that Chryseis, daughter of Chryses; a priest who serves the god Apollo. Chryses pleaded to Agamemnon to return his daughter back to her, but Agamemnon refuse to give back his prize, therefore leading Chryses to pray to Apollo to punish the Greek army with a plague. Agamemnon will have to send his prize Chryseis back to her father in order to lift the plague only if he could take Achillies’ prize Briseis. This move that Agamemnon took left rage in Achilles and threatens to leave the battle with his soldiers, the Myrmidons. Agamemnon also was infuriated and threatens back that he would go take Briseis himself at Achilles tent. Both of them were threatening...
Words: 625 - Pages: 3
...cents per litre only (King 2014:1). The fuel stations and supermarkets are ‘bundling’ their products to attract more customers however there are fears that this may cause ‘price discrimination’ (Gans & King 2004:313), although bundling can help some consumers (King 2014:2 & ACCC 2004). In economics products are talked about as being elastic or inelastic in their demand. Gans TEXT yr:56) identify that ‘necessities tend to have inelastic demands, whereas goods that are luxuries have elastic demands’. In the long term fuel is elastic (Sterner 2007:3194, Graham & Gleister 2002:23 & Brons et al 2007:2105), because people change their travel habits or the type of car they drive. We will focus on the short term where fuel demand is inelastic (Sterner 2007:3194, Graham & Glaister 2002:21 & Brons et al 2007:2105). The fact that fuel demand is inelastic means that purchasing behaviour is not determined by the price. So if the price of petrol goes up or down people will continue to drive, and there is not a substitute product for petrol to run the car. The RACQ (2014) worked out the average cents per kilometre for each common type of vehicle when driven on the road (Figure 1). This incorporated the fuel, tyres and service repairs. It costs a small vehicle 60.27 cents for each kilometre driven on the road. The fuel price used is 153.90 cents per litre, which is based on the average...
Words: 1071 - Pages: 5
...Nonviolence was the key to tactical victories won in this era. And the Constitution of the United States was the anchor that provided guarantees that non-violent tactics were legally defensible to provide the gains necessary. People were willing to violate local laws because they believed they answered to a higher law, the Constitution. Students should become aware of the hardships faced by people who were willing to risk job and home and even life to win the prize of justice, self-respect and fair treatment. What gains were made during this decade of marches, meetings, jailings, sit-ins and freedom rides? My unit presents five themes, in the context of barriers to overcome: A. SOCIAL BARRIERS. Racial prejudices and fears that led to the formation of the Ku Klux Klan; fears of black-white race-mixing, culminating in the murder of Emmett Till in Mississippi in 1955. Why did the Till case become a national scandal? Tills mother said, The murder of my son has shown me that what happens to any of us, anywhere in the world, had better be the business of all of us. B. EDUCATIONAL BARRIERS. Implementation of the Brown decision in Little Rock produced heroes and villains like Orval Faubus, Daisy Bates and Thurgood Marshall. What was it like for Mrs. Bates after she was struck by a rock thrown through her living room window with a note, Stone this time. Dynamite next? The confrontation achieved historic proportions when President Eisenhower reluctantly brought in federal...
Words: 671 - Pages: 3
...Miracle on Ice There are many different ideas about the meaning of success, some say that it involves obtaining a goal, while others say that it is about learning from past mistakes. Tommy Hilfiger once said, "The road to success is not easy to navigate, but with hard work, drive and passion, it is possible to obtain the American Dream." These words perfectly encompass the story of the 1980 United States Olympic Hockey team and their journey to winning the gold medal. Twenty collegiate hockey players were chosen from the University of Minnesota and Boston University to be apart of the all American hockey team, the youngest to ever be represented in the Olympics. These boys had to learn how to play as a team if they were ever going to stand...
Words: 339 - Pages: 2
...able to push North Korea back beyond the 38th parallel and victory seemed evident. Victory was far from evident because in December of 1950, China forces intervened, and regained most of South Korea. The immediate and long-term effects that this war has had, and continues to have are plenty. The fact that a resolution was never agreed upon and that negotiations went on for two years can be nerve racking. This was definitely what they call “The Forgotten War”. There are both good and bad immediate effects that the war held. One of the good effects that it had immediately was the significant rise in the economy in America. One of the reasons why the economy was so good is that consumption was large for fear of what would happen in the future. WWII had just ended and the Korean War was not near as devastating as WWII had been on the economy. Price and wage controls were put in place at that time, which was helpful to the American consumers during the war. A negative effect that this war caused was the death of over 34000 American lives. Not only American lives, but 140,000 lives were lost in this act of war. The fact that so many lives were lost, and still no resolution to this, is heartbreaking. Sometimes the effects of choices do not show through for many years. In this case, that is very clear because we are now getting to see it sixty years later. When the American veterans that have gone back to see what has...
Words: 500 - Pages: 2
...Harley Davidson (HD): Preparing for the Next Century Q1 How would you characterize HD’s primary challenge(s) as of the end of 2005? Stock prices dropped 17% due to lower forecasts, in spite of positive trending financials. Lower forecasts were due to growing saturation within their target market. Saturation was occurring due to fewer younger buyers replacing aging buyers. Fewer younger buyers was occurring because HD did not have a highly successful plan to win them over, noting pointed attempts with Buell and the V-Rod. Therefore: * their issues are not cyclical, but structural * their issues are not urgent in the sense that creditors will force bankruptcy in the immediate future * however, they must be addressed to maintain long-term strength as an organization * further, this is more of a strategic issue than it is tactical * and, HD may be approaching the upper limits of their current business model Stock analysts were seeing that HD stock was inflated as a strong working solution did not appear to be in place to address these issues. All things being equal, past performance did not appear to be sustainable. Q2 Deconstruct HD’s macro environment (PEST) and industry (Porter’s 5). Economic: Given that HD is a big ticket discretionary consumer luxury product, the strength of the economies in their principle markets is very important. An economic downturn would have a downward pressure on sales. Conversely, further economic growth would create a...
Words: 3135 - Pages: 13