Securities Litigation was a consolidated shareholder securities class action lawsuit filed in the United States District COUrt for the Eastern District of Wisconsin. On October 8, 2009, the judge granted defendants’ motion to dismiss, and the clerk of court entered judgment dismissing the consolidated lawsuit. No appeal was taken from the final judgment and the dismissal of the case became final. Subsequently, on March 18, 2010, a group of individuals who appear to be inmates in a federal correctional institution filed a motion to intervene which was immediately dismissed by the District Court because judgment had already been entered.
On April 5, 201 0, two of the individuals filed notices of appeal of the dismissal. On May 27, 2010, the Court of Appeals for the Seventh Circuit dismissed the appeals for failure to pay the required docketing fees. The Company must maintain its reputation of being a good corporate citizen and treating customers, employees, suppliers and other stakeholders fairly. The Company believes it has a history of good corporate governance.
Prior to the enactment of the Serbians-Solely Act of 2002 (the “Act”), the Company ad in place many of the corporate governance procedures and processes now mandated by the Act and related rules and regulations, such as Board Committee Charters and a Corporate Governance Policy. In 1992, the Company established a Code of Business Conduct that defines how employees interact with various Company stakeholders and addresses issues such as confidentiality, conflict of interest and fair dealing. Failure to maintain this reputation may have a material adverse effect on the Compass business and results of operations.
The Resource Based model of above average returns is grounded n the uniqueness of a Has internal resources and capabilities. The five step model describes the linkages between resource identification and strategy selection that will lead to above average returns as shown in the figure above. Companies should identify their internal resources and assess their strengths and weaknesses. The strengths and weaknesses of company resources should be assessed relative to competitors. Companies should identify the set of resources that provide the company with capabilities that are unique to the firm, relative to its competitors.
The company should identify those capabilities that enable the company to perform a task or activity better than its competitors. Companies should assess or determine the potential for their unique sets of resources and capabilities to outperform its competitors in terms of returns. Determine how a company’s resources and capabilities can be used to gain competitive advantage. Locate and compete in an attractive industry. Determine the industry that provides the best fit between the characteristics of the industry and the company’s resources and capabilities.
To attain a sustainable competitive advantage and earn above-average returns, companies should formulate and implement strategies that enable them to better exploit their resources and capabilities to take advantage of opportunities in the external environment than can their competitors. Vision Statement: Harley Davidson of Montgomery will become the premier Harley Davidson dealership in the Southeast through continual employee education and training that shall provide the ultimate customer service experience. We will be the major contributing factor in the fun and enjoyment of riding.
Mission Statement: Our employees are our company. We contribute to the fulfillment of dreams by providing motorcycles and related products to our customers. We will keep our promises, treat all customers fairly, and above all be honest. Our business is customer satisfaction. “Harley- Davidson, Incorporated, is an action-oriented, international company-a leader in its commitment to continuously improve the quality of profitable relationships with stakeholders (customers, dealers, employees, suppliers, shareholders, government, and society).
Harley-Davidson believes the key to success is to lance stakeholders’ interests through the empowerment of all employees to focus on value-added activities. ” “We fulfill dreams through the experience of motorcycling, by providing to motorcyclists and to the general public an expanding line of motorcycles and branded products and services in selected market segments”(Harley-Davidson Home Page). The mission statement shows that the focus of the organization is on customer satisfaction and growth. Harley Division’s statement of company philosophy contains a separate list of the values of the organization.