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Risk Analysis And Mitigation Plan Assignment PDF

   

Added on  2020-12-30

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Risk Analysis AndMitigation Plan

Table of ContentsINTRODUCTION...........................................................................................................................1PART A...........................................................................................................................................1Introduction to Tesla motors........................................................................................................1PART B............................................................................................................................................4Stakeholders view of the Tesla motors........................................................................................4PART C............................................................................................................................................5Stakeholder analysis of four selected stakeholder group.............................................................5CONCLUSION................................................................................................................................7REFERENCES................................................................................................................................8

INTRODUCTIONRisk analysis and mitigation plan refers to set plan that helps a company in creatingnumerous options and actions for the purpose of enhancing the future opportunities of businessand reduction of all the risks and threats of the project. Tesla motors is an American companywhich was founded in the year 2003. it manufactures electric vehicles and battery products andsales them in all over the world. The present study shows a brief analysis of overall business ofthe Tesla motors along with its vision, mission and objectives. It also shows a descriptive view ofthe stakeholders of the Tesla. In addition, the assignment also provides an analysis of four majorstakeholders of the company along with their behaviour and motives towards the business. PART AIntroduction to Tesla motorsTesla motors is a manufacturing concern that manufactures electric and battery products.The company was formed for the purpose of developing electric sports cars (TESLA MOTORS.2016). The company has two major segments i.e. automotive segment that concerns withdesigning and producing electric vehicles. On the other hand, other segment i.e. energygeneration and storage segment of the company concerns with developing various energy storageequipment for using in home and commercial purpose.Aims of Tesla MotorsTo gain leadership in the market as a multinational automotive business.To design and launch the most attractive cars by using the latest technology.To achieve a leading position in the global automotive market. Objectives of TeslaTo generate and accelerate the demand of electric vehicles in market.To build brand equity and achieving higher positioning in the market as well. To create loyalty among the customers and sustain them with company for long term.Mission and vision of TeslaTesla motor's mission statement “ To push up the demand of automotive products in themarket and gain a dominating positioning in all over the world.”further, the vision statement of Tesla motors is “ To design and manufacture the mostattractive and unique cars by approaching the latest technology in the world”1

In this regard, it can be analysed that the Tesla motors is one of the strongest company inthe automotive industry (Seidel Loch and Chahil, 2015). The main objective of the company is togain the higher positioning in the competitive market. Further, the company building a strongbrand image and earn maximum profit from the company is also one of the major objective ofthe company. Moreover, the company has been formed with an aim to enhance the number of electricvehicles in the whole global market and provide vehicles containing a range of the latesttechnology. Recent challengesAlthough, with the effective processing of the business activities and developing effectivestrategies as to achieve its set goals and objectives, company is performing in an effectivemanner. In addition to it, company also needs to face numerous challenges in the competitivemarket. The Major challenges faced by Tesla motors are as under:Tesla motors have a habit to over-promise to its customers regarding its products andservices. Therefore, it becomes a huge challenges for the company to fulfill thosepromises. Some workers claimed that they have been violated and threatened within the premisesof company. Protecting workforce is the primary objective of each business organisation.In this regard, solving this problem of employee and eliminate discrimination amongemployees was also a major challenge for the business (Tesla faces five big challenges.2016). Further, for the purpose of achieving its objectives of designing the latest technologicalequipment, the company needs a range of skilled workers within its business operations.Therefore, it was also a major challenge for the company. Tesla motors have a range of big competitors in the automotive industry. Thesecompanies have ability to launch more electric products by using range of the latesttechnologies. Therefore, competing with these companies are also a huge challenge for itas it requires a range of technological capabilities of the company. Current trends of automotive industryIn the automotive industry, following is the list of current trends:2

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