Key Trends and Advantages of Digital Business in Tesla

Digital business

TABLE OF CONTENTS
Contents
INTRODUCTION...........................................................................................................................2
Key trends and advantages..............................................................................................................2
Definition of digital business.......................................................................................................2
Advantage of digital/ virtual business.........................................................................................2
Trends in digital business............................................................................................................3
Advantages and key trends of using digital business in Tesla ....................................................4
2. New and emerging Digital Business Model................................................................................4
Defining new and emerging digital business model....................................................................4
Discussion on new, emerging digital business models................................................................5
Way the Tesla uses the new emerging model..............................................................................6
3. Impact of new collaborative relationship and strategic alliances................................................6
Definition of new collaborative relationship and strategic alliances...........................................6
Advantages and disadvantages of new collaborative relationship and strategic alliances
through digital technology...........................................................................................................7
How Tesla use the new collaborative relationship and strategic alliances with the digital
technology....................................................................................................................................8
4. How e-commerce principle can be used By Tesla.......................................................................8
Define ecommerce.......................................................................................................................8
E- Commerce principles..............................................................................................................9
E-commerce principle for the Tesla............................................................................................9
Conclusion.....................................................................................................................................10
REFERENCES..............................................................................................................................11

Executive summary
The aim of the report was to understand the overview of the key trends and advantage of
digital business with the use of new and emerging trends of the business models and the impact
of the new collaborative relationship and the strategic alliances from the digital technology and
uses of e commerce principle in the Tesla.
The digital business is a business done with the use of the digital technology and has
advantages and the key trends and the relevant key trend was used by the Tesla. The new and the
emerging models were used for the growth and expansions and the effective model was used by
Tesla like freemium model and experience premium model. With the new collaborative
relationship and the strategic alliances with the digital technology the productivity and the
growth of the Tesla were occur. The E-commerce platforms help to expand the business of the
Tesla.
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INTRODUCTION
Digital business is one of the new types of the business that is designed as an innovative
creation by getting blurred to the physical world. With the use of the technology the new
business is created that gives the values to the customer (Hacioglu, 2020). Tesla is one of the e
commerce businesses that sell their products and services through the digital technology. Tesla is
an American company of the electric vehicle and the clean energy organisation. Tesla is based
from the California that is founded by Martin Eberhard and Marc Tarpenning in the year 2003.its
headquarters are in Palo Alto, California and United States. It number of employees working
with the company are 70,575 and its revenue is US $31.536 billion in 2020. The aim of the
report is understand the overview of the key trends and advantage of digital business, new and
emerging trends of the business models, impact of the new collaborative relationship and the
strategic alliances from the digital technology and uses of e commerce principle in the Tesla.
Key trends and advantages
Definition of digital business.
Digital business or the virtual business is the business that the activities of the business are
to conduct from the use of the internet and the technology. The virtual business is focuses on the
digital capabilities of the business that have no physical presence.
With the use of the effective technology that creates the value to the business models and to
customer experiences (Geliskhano, and Babkin Alexander, 2018). The internal and the external
capabilities of the digital business help to support its core operations. The digital business is
mainly based on the use of the digital technology for the growth and operation of the business.
Based on the industry of the digital business the company can use the productivity application
and the management system for the task for the automation work in the company, to improve the
customer experiences digital business can adapt to the artificial intelligence and to improve the
intelligence of the business capture the big data by using the digital technology.
Advantage of digital/ virtual business.
Reduces operating cost
From the digital business it reduces the operating cost of the business and increases the
efficiency of the business (Chaffey, Edmundson-Bird, and Hemphill, 2019). It allows to be the
most efficient cost management system that has more control on the production and the sales.
Increases productivity
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