MGT302A Strategic Management Audit
Added on 2020-04-21
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Running Head: STRATEGIC MANAGEMENT Strategic Management Name of the studentName of the UniversityAuthor Note
1STRATEGIC MANAGEMENT Table of ContentsPart B...............................................................................................................................................2Introduction......................................................................................................................................2Summary SWOT.............................................................................................................................2Strategy Evaluation..........................................................................................................................3Identify three main strategic issues..................................................................................................6Conclusion.......................................................................................................................................7Reference.........................................................................................................................................8
2STRATEGIC MANAGEMENT Part BIntroduction Strategic management is a vital part of the organization to gain competitive advantages inthe business. In the context of energy storage organization battery backup is beneficial to storethe energy. This allowing the organization in improving the sturdiness regarding the electricalgrid, doing the reduction of the expenses relating to energy regarding businesses as well asresidencies, and providing a backup regarding power supply. This study aims to discuss thestrategic management process in context of Tesla. However, the SWOT analysis of Tesla hasbeen addressed in this section. On the other hand, different strategies will be discussed in thissection that have been taken by Tesla.Summary SWOTS-Strength Physical assetsTechnological assetConfidentiality of low expenditureW-WeaknessDifficulty in retaining profitLow volume of manufacturingExistence of limited fundO-OpportunityBusiness expansion in the globalmarketCollaborative operation with otherorganizationMaintenance of the environmentalsustainabilityThreatsEntry of new organization in theautomobile industryStrong market competitionChanging market trend Government regulationIt can be stated that the company’s strength will be including the physical as well astechnological assets like intellectual property as well as its factories. The organizational strength
3STRATEGIC MANAGEMENT will also be including its increased confidentiality level, the organization’s low expenditurerelated to marketing as well as being considered as a distinctive manufacturer of electronicvehicle (Wheelen, 2017). The company’s weaknesses will be associated with the difficulty in retaining the profitdue to the expenses related with research and development that are reason for the losses to occur.Another weakness associated with the organization is its low volume of manufacturing.Moreover, the negative occurrences will be adversely impacting the organization’s businessoperations and another significant weakness associated with the organization is the existence oflimited funds for introducing as well as launching new products within the market. The opportunities relating to the organization is to do its business expansion in the globalmarket since, the marketing of electric vehicles is in the stage of development. Moreover, there isthe opportunity for the organization towards having a collaborative operation with the otherorganizations like Daimler as well as Toyota. Moreover, there also exists the scope for theorganization in having the ability for fulfilling the policies of the environment since, the productelectric vehicles are considered being friendly towards the environment. The threats associated with Tesla Motors is stating that there is occurring the entry ofnew organizations in the automobile industry and these organizations are the reason for the risein strong market competition. Another threat cited in this regard is that with the market gettingdeveloped, the new market research will be changing the present industrial trend. Moreover, theimposing of the rules as well as regulations by the government might be having an adverseimpact upon the organization’s business operations (Wheelen, 2017). TOWS Matrix
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