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Electric vehicles in Europe Assignment PDF

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Added on  2021-02-19

Electric vehicles in Europe Assignment PDF

   Added on 2021-02-19

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Electric vehicles in Europe
Electric vehicles in Europe Assignment PDF_1
Table of ContentsINTRODUCTION...........................................................................................................................3MAIN BODY .................................................................................................................................3a) Forces that help in shaping business environment and various changes that help inachieving competitive advantage ...............................................................................................3b)New and emerging business opportunities that help in manufacturing electric vehicle..........6CONCLUSION ..............................................................................................................................8REFERENCES................................................................................................................................9
Electric vehicles in Europe Assignment PDF_2
Electric vehicles in Europe Assignment PDF_3
INTRODUCTIONGlobal business environment refers to the term that emphasize on doing business invarious countries and is affected by external and internal factors of environment that influencedecision making of the company.Present study emphasized on Volvo company. It is Swedish multinational company thatcarried out core activities of production, distribution and sales of truck, buses and equipment thatare used in construction.Report will include major forces that shaping in business environment and the changesthat occurred in manufacturing industry in the last few years (Casals and et. al., 2016). It alsoinclude changes that have been done in electric cars that help in gaining competitive advantage .Furthermore, it emphasize on new and emerging business opportunities in automotive industry.MAIN BODY a) Forces that help in shaping business environment and various changes that help in achievingcompetitive advantage Forces that help in changing business environment such as changes in technology thathelp in inventing something new in product. As Volvo is making electric cars nowadays that helpin saving energy for the future. It is diversifying its product from fuel cars to electric motor carsthat do not pollute environment. Technology is one of the major force that shape environment forthe future. There are environmental forces also that help in driving different perspective formanufacturing industry in auto mobile sector. Globalization is other force that help in changingbusiness environment as providing different new concepts and principles that will be applicableby Volvo in manufacturing cars. These forces help in providing some different product toconsumers that involve different perspective for business. Through this changing technology itstarted in making powertrain portfolio. It is also using conventional hybrid material inmanufacturing cars that provide effective use of resources. Volvo is becoming a major brand inselling electric vehicles and gaining larger share in the marketplace (Christie and et. al., 2016).Financial market also provide a boost competitive advantage that help in future growth forbusiness. As Volvo's financial condition is good that help in shaping business environment forthe future. These forces plays an important role in the economy for bringing more opportunitiesfor business. Consumers are the king in market taking this into consideration it makes product
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