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Strategic Management of Tesla: PESTLE, Porter's Five Forces, VRIO and Value Chain Analysis

   

Added on  2023-06-10

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Strategic Management
Strategic Management of Tesla: PESTLE, Porter's Five Forces, VRIO and Value Chain Analysis_1
Table of Contents
INTRODUCTION .........................................................................................................................1
MAIN BODY .................................................................................................................................1
An analysis of external forces - .................................................................................................1
What are the driving forces that impact on car manufacturing company - ...............................2
Porters five forces of Tesla - .....................................................................................................3
Determination of Compatibility of the brand Tesla - ................................................................4
Vrio analysis of Tesla :- .............................................................................................................4
Discuss dynamics of Tesla - .......................................................................................................5
What are the core competencies of Tesla....................................................................................5
Tesla value chain - .....................................................................................................................5
Resource based view - ...............................................................................................................6
Swot analysis of Tesla - .............................................................................................................6
CONCLUSION ..............................................................................................................................7
References:.......................................................................................................................................7
Strategic Management of Tesla: PESTLE, Porter's Five Forces, VRIO and Value Chain Analysis_2
INTRODUCTION
Strategic management is the process of setting goals, process and aims in regards to
create an enterprise or industry more rivalry. Usually it looks at impressiveness deploying
staff and resources to attain these goals (Graebner, M.E., 2021). It includes strategy
evaluation, internal business analysis and strategy execution throughout the concern. In
business it is essential due to it permits a company to analyse areas for operation
development. They can follow either an analytical process, which determines capable threats
and chances or easily adapts a prescriptive or descriptive approaches to this. This report is
based on Tesla which is auto mobile company, It was founded in 2003, by Elon musk, Ian
Wright, Marc tarpenings. Its headquarter is in Austin, US. It deals in luxurious vehicles and
cars. The report will cover the major concept of strategic management in relation of Tesla,
further more it will some theories and models that will analyses the external and internal
factors as well as there impact on company. In report will also discuss about the swot analysis
and another theories of marketing. And how it assist in making the business of consider
company more competitive and a beneficial. Also it assist in understanding he consumer
behaviour in order to make the brand in priority.
MAIN BODY
It is a process of creating building capability that permits a firm to make value for
users, investors and society during operating in competitive markets.
An analysis of external forces -
It is a model that is used to analyse the external factors that impacts the company. This
assist in understanding the other factors that effects the business in both ways. More discussion
is in below by considering the consider company.
Political factors - it includes the governing rules and changing laws that reflects the
business. The Tesla get impacted by the population rescinding in that region as well as
the leadership of the governing bodies in that areas. There are certain requirements
that Tesla company needs to comply with, including certain international regulation and
safety requirements for all its auto mobiles as well as charging stations and other electric
infrastructures.
1
Strategic Management of Tesla: PESTLE, Porter's Five Forces, VRIO and Value Chain Analysis_3
Economical factors – the impact of crises and inflation, Tesla has a great opportunity
in establishing into market where the needed to shift to more sustainable sources
of energy is mandatory. Brand stands for a good chance of raising its year on annual
sales is the valuation paid are with in the line of brand value (Liu, and Yang, 2021.).
Social factor - it includes the areas, status and many others , Tesla, is the company that
take care of the social values , it can catch a huge area of users who are prepared to pay
good amount of capital as service and brand value. Brand had created a positive mark
in the field of electric transport.
Technological factors - as application is changing rapidly so it is important for trade
to adapt the changes and designs model as per the requirements of the customers. They
must take care of the society also so that they can have a benefit of being good brand.
Legal factor - It is factor that consist a law and rules that reflect the business and its
operations. The brand Tesla,is required to aware of the laws and rules that comes from
governing bodies for auto mobiles industry so that they can work systematically.
Environmental factors - world is moving towards a more sustainable future. Tesla
aims at deducting the greenhouse gas breathe by curbing the two main producers of
electricity and installation. They also has create the huge metallic element ion battery
in south Australia. This has assist in producing large scale zero egression which has
been utilised by regions to their regular use.
What are the driving forces that impact on car manufacturing company -
Here are four kinds of factors that effect the car manufacturing industry in various ways
that are listed in below -
1. Economic conditions - when economic situation Is favourable, people are more likely
to buy new vehicles giving momentum to the industry. The breakdown in economic
output to reduce users and business confidence and levels of transport reduced. Tesla
is required to make a strategy to attain economics of scale . Industry plan their ability
on their sales anticipate which are completely on the basis on economic cycle.
2. Consumer demand and interests - there is a growing in demand and preference.
There is a raising order for more choices. Velocity production may become same to
2
Strategic Management of Tesla: PESTLE, Porter's Five Forces, VRIO and Value Chain Analysis_4

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