In addition, working capital is necessary for the payment of wages to employees. Larger energy inputs will be needed during peak production cycles and this presents a good opportunity for the company to implement renewable energy sources at its manufacturing plants.
It may be beneficial for the company to lease certain equipment in the supply chain in order to reduce costs when it is not being used during the peak season.
A solar array at a manufacturing plan will have a high initial cost, but it will reduce variable energy costs over the long-term.
To reach peak efficiency, it is essential that that manufacturing process is closely aligned to the seasonal demand for motorcycles throughout the world.
A detailed financial plan will be required to accommodate the surge in demand for motorcycles that occurs seasonally. The following paper will identify the similarities and differences between strategic and financial planning as they related to Harley Davidson NYSE: If implemented successfully, the initiative will reduce manufacturing costs, while meeting the product demands of the motorcycle customer base.
In addition to the York, PA plant, the company has plans to implement surge production practices throughout its U. Second, the implementation of new manufacturing processes will require detailed working capital plans and new purchase demands on suppliers.
Third, the supply chain will be affected by the variable demand for materials needed to produce motorcycles. Write a 1, to 1,word paper in which you describe the relationship between strategic and financial planning.
Because this new manufacturing process is designed to reduce costs and increase efficiency, it may be necessary to cut jobs or reduce working hours. Born to be… Predictable. Purchasing sufficient materials to meet customer demands for motorcycle requires Harley Davidson to maintain enough liquid assets throughout the year.
A breakeven analysis can be used to measure the precise amount of revenue that must be generated for new plant assets to provide higher returns. It will be important for Harley Davidson to maintain a strong code of ethics and attempt to make decisions that support the welfare of loyal employees.
These choices will save money on paper, but would not be in the best interests of employee stakeholders. New advancements in information technology and robotics have provided Harley Davidson with plethora of choices for upgrading plant assets.
Avoiding a myopic viewpoint on renewable energy will benefit shareholders and reduce risk exposure to the rising costs of fossil fuels. This direction will require a higher attention to detail when it comes to financial planning due the variable nature of seasonal motorcycle demands.
Leave a comment Introduction Strategic planning and financial planning are two distinctly different tasks designed to optimize business performance.
A second potential ethical concern is environmental sustainability with the new surge production capabilities. Shareholders, employees, suppliers, and consumers will need to be prepared for how surge manufacturing will affect their stake in the company.
Ideally, the ability to manufacture products based on seasonal demands will provide efficiency to production and a higher return on shareholder equity. In contrast, financial planning sets specific goals related to the structure and availability of financial capital.
Harley Davidson Annual Report.Essay on Strategic Initiatives. Strategic Initiative Paper "Disney" Marquita Lacy-Polk, Diana Dorsey, Kim Jenkins, Joshua Snooks FIN/ January 29, Strategic Initiative Paper "Disney" Disney has grown exponentially to become a household name and a global leader in the industry of family entertainment.
Strategic Initiative Paper FIN/ Abstract McDonald’s has been in business since Through many years of great strategic and financial planning, it has become one of the most successful food chains in the world. Strategic Initiative Paper (Harley Davidson) – FIN Week 3.
October 14, Posted by octotutor. Essays, (NYSE: HOG). Using the Harley Davidson’s annual report to investors, the paper will locate a key strategic initiative and discuss its impact on financial planning, the supply chain, and ethics. FIN Week 3 Instructions. Home Essays Strategic Initiative FIN Strategic Initiative FIN Topics: Gross margin, Strategic management, Ethics Pages: 7.
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Free Essay: Strategic Initiative Paper FIN/ Abstract McDonald’s has been in business since Through many years of great strategic and financial.Download