How They Saved Harley Davidson | Listen to Your Customers & Giving Them What They Want
Thrivetime Show | Business School without the BS
Clay Clark
4.7 • 1.5K Ratings
🗓️ 23 January 2023
⏱️ 59 minutes
🧾️ Download transcript
Summary
Is your company in need of a turn-around? In 1985 Harley Davidson Motor Company found itself within just hours of bankruptcy. Overwhelmed by the Japanese competition, the recession that had hit America and the onslaught of management missteps the company needed to change something if it was going to survive. Harley Davidson hired Ken Schmidt to serve as the Chief Communication Officer and to help turn the company around.
Transcript
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| 0:00.0 | Today, for the vast majority of American motorcycle enthusiasts, Harley Davidson is known |
| 0:08.0 | as the King of America's Roads. |
| 0:10.5 | However, in 1985, the iconic brand found itself within just hours of bankruptcy, overwhelmed |
| 0:17.9 | by the Japanese competition, the recession that had hit America, and the onslaught of management |
| 0:22.9 | missteps, the company needed to change something if it was going to survive. |
| 0:28.6 | In 1985, the company did just that. |
| 0:32.4 | In 1985, Ken Schmidt was hired as the company's chief communication officer, and was charged |
| 0:38.9 | with communicating to both customers and potential investors alike, while trying to work with |
| 0:44.0 | the leadership team to find a new strategy and a path for survival. |
| 0:49.0 | Ladies and gentlemen, without any further ado, it is my pleasure to introduce to you, |
| 0:53.7 | my good friend, Ken Schmidt. |
| 0:57.7 | Some shows don't need a celebrity narrator to introduce the show, but this show dies. |
| 1:03.7 | Two men, eight kids co-created by two different women, 13 multi-million dollar businesses, |
| 1:11.7 | ladies and gentlemen, welcome to the thrine time show. |
| 1:26.7 | In 1985, when Ken Schmidt joined Harley Davidson as their chief communications officer, |
| 1:47.7 | the company was making bikes that were actually winning awards, so they were buying into |
| 1:54.7 | the lie that a great product will sell itself. |
| 1:57.7 | They won the quality awards, they were focusing on quality, quality, quality, but they weren't |
| 2:01.7 | selling anything, they weren't making a profit, and that is where Ken started. |
| 2:06.7 | So ladies and gentlemen, let's hear from Mr. Ken Schmidt. |
| 2:11.7 | So Ken, you started from the bottom when the company had great bikes, but you weren't making |
| 2:15.2 | any money, how did you fix it? |
... |
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