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Business Strategy on Tesla - Assignment Sample

   

Added on  2021-02-20

19 Pages5445 Words102 Views
Business Strategy

INTRODUCTIONThe business strategy refers to an agonistic action which is taken by every businessorganization to attract more and more customers, retaining & sustaining in market, for becomingsuccessfully, enhancing performance as well as to achieve organisational goals. However,business strategy is an very important role in every organization that helps in attaining theirgoals. The current report is conducted on Tesla Motors, which founded in 2003 by someengineers. Their aim is to prove that electric motor vehicles can also better as well as effectivequick and give more enjoyment to drive as compare to gasoline cars (Adi, 2015). This reportconsiders appropriate frameworks analyse of macro environment on organisation and its businessstrategies. Along with this, companies internal capabilities are considers. In addition to this,analysis of market sector is done by using Porter’s Five Forces model. At last strategic models,& concepts, applications and plan is developed fir directing management of businessorganization. TASK-1P1. Appropriate frameworks impact on macro environment of Tesla company.The Strategic Context:The strategy is defined as method, tool or a plan which is developed and chosen forbringing and achieving desires of future. Like achieving goal, objective or an solution of anproblem. In other words, strategy refers to art as well as science of planning and puttingresources for utilization of them in most efficient and effective manner (Akter and et. al., 2016).Vision: To be most creative and best company which provides all satisfied product,service and self-fulfilment needs to society. Mission: To enhance society by creating, developing high-quality products and becomeglobal leader in auto-mobile industry. Financial Objective: To increase net profit by 12% within year.Customer Objective: To developing an potential customer base by proving best qualityproduct.Values: To introduce best innovation in market. Different strategic planning techniques.1

The strategy plays an important role in every business organization which helpsmanagement in achieving their organizational goals, objective, strategic intent as well asdirection. As role of strategy in attaining objective is that it provides effective framework foroperational planning, it also gives clarity in direction of activities, it increases and enhanceorganizational effectiveness and personnel satisfaction. Along with this it helps in takingstrategic decision as well as it integrated reviews and does facilitation (Amran and et. al., 2016). The strategic planning is defined as an process which focuses on developing a strategyplanning that helps in execution of strategy. There are different various techniques which areused to make plans for formulating strategy. Such strategies are: Business Models,Benchmarking, Capability Analysis Budget Planning,, Business Case,, Business Plans,,Competitive Intelligence, Business Analysis forecasting, market analysis, financial analysis andmany more techniques. Thus, management of Tesla Motors is focuses on adopting differentstrategic planning techniques in their operation in effective and efficient manner.Stakeholder analysis: Stakeholders refers to an individuals that are actively involved inany project of organization and their interests is affected by result of project completion.Although, stakeholder analysis refers to an essential and crucial method that helps managementin identifying stakeholder and also aid in analysing their needs. Stakeholder can be shareholders,heads of all affected business units, Consultants, executive staff, suppliers, customers, alliancepartners etc. Thus, this processes project involves various steps and this is followed bymanagement of Tesla Motors for identifying their profitable stakeholders (Beard and et. al.,2016). 1.Identifying the stakeholders2.Documentation of stakeholders required.3.Analysing stakeholders interest.4.Managing the expectations of stakeholders 5.Taking corrective actions6.Reviewing the status and feedback.2

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