INDIVIDUAL ASSIGNMENT.

Added on - 22 Sep 2019

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INDIVIDUAL ASSIGNMENT
Table of ContentsINTRODUCTION AND AIM.........................................................................................................1CRITICAL ANALYSIS..................................................................................................................1Concepts, tools, and techniques...................................................................................................1Justification for choosing the concepts........................................................................................4DEVELOPMENT OF ORGANIZATIONAL STRATEGY...........................................................5Current business strategy and key elements of the organizational strategy................................5Result of the concepts applied.....................................................................................................5Developing a strategy for Tesla motors.......................................................................................6Strategic plans must include issues..............................................................................................6RECOMMENDATION...................................................................................................................7CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9APPENDIX....................................................................................................................................10Application of concepts.............................................................................................................10Value chain analysis:.................................................................................................................10Porter’s five forces analysis.......................................................................................................10SWOT analysis..........................................................................................................................10
TABLE OF FIGUREFigure 1 Value chain analysis..........................................................................................................2Figure 2 Porters five forces model...................................................................................................3
EXECUTIVE SUMMARYStrategic management is being regarded as the systematic process of framing strategy forthe company. In this study, the discussion is being carried out in relation to the case study ofTesla Motors which is an American famous automotive company. With an aim to develop thestrategy of the company, assistance is being taken from the tools like Porter’s five forces analysisand value chain analysis. By using the given tool, detail information in relation to the internaland external environment of a company can be gained. The respective information will help thecompany in the process of making the right decision.In addition to this, from the conducted analysis it is found out that the manager of TeslaMotors is complying with new product development type of tactic. Thus, it is making efforts interms of developing such type of cars in the market which is far better than the normal cars. It isrecommended to Tesla Motors that it should arrange training and development programs for thecompany. This is because; it is through this way only a firm is able to attain the new strategywhich is low-cost services to the firm. Further, the firm should also use a tool like PESTEL inorder to get the idea about the factors in the external environment of the firm.
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