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How has Tesla’s strategic position changed since it was founded in 2003?
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- What are Tesla’s core competencies, and how do they help the company compete with long-established car companies?Companies pursuing a blue-ocean strategy attempt to find uncontested market spaces. Apple is described in the chapter as an example of a company pursuing and succeeding with such a strategy. Describe another example of a company that is successfully pursuing a blue ocean strategy?Tesla Many analysts cite Tesla as the most innovative car company to enter the automobile industry in recent history. The company was founded in 2003 with the vision of being an independent automaker that would build affordable electric cars. Over the next 17 years, it produced five different car models and continues to introduce concepts for additional vehicles. It has also expanded into home battery and solar panel products. In the first half of 2020, 81% of electric vehicles sold were Teslas, and its affordable sedan, the Model 3, is the all-time bestselling electric vehicle ever. Tesla’s cars helped create a new market for electric vehicles. In addition, its cars have technological components that have advanced safety throughout the automobile industry. Its cars can come with self-driving capabilities and advanced safety warnings. Parts of these technologies have been adopted by other car makers. 1. Which ocean (red or blue) does Tesla fit in? How has the “ocean” changed over…
- Evaluate TTI's progress and situation in 2006. What should it and its investors/directors do?Strategic issues behind the failure of Nokia company? Please explain briefly.3) Market background: there are thousands of variously sized game developers. They are the creative drivers for making games. Only a small handful of relatively large publishers of games, that help with advertising and distribution of the game. Microsoft, Sony, Activision, and Tencent are a few companies that act as both publishers and developers. Gaming occurs across various platforms, from consoles, PCs, and handheld devices. Elaborate how Microsoft’s recent acquisition of Activision/Blizzard/King could impact the potential profitability of various publishers in the ‘gaming’ market only using the Porter’s 6 Forces as reference.
- what is general motors? when was the company started? who started the company? when was the company started?E3 provide example of a company that had a strategy to develop by engaging in M&As and it turned out to be successful and another one for which engaging in M&As has turned out to be unsuccessful. Please, in general, shortly describe the results of the company before and after a merger or acquisition. Please only give examples of companies present in the American market. Best if both companies would be from the same industry. Not a necessity.1) Tesla, an American automobile manufacturer based in California, has hired you as a business strategy consultant. Tesla is the leader in electric luxury cars across the world. Over the last five years, their sales have increased due to consumer and political concerns over the environmental impact from combustion- based automobiles. Increased demand worldwide has resulted in increased competition from established companies (Ford; GM; Mercedes; Toyota; etc.), as well as smaller start-ups. Because of the Covid-19 pandemic, lags in the supply chain, and a doubling of fuel prices, recent costs have skyrocketed. Consider the following questions: A) While American consumers purchase over 17 million new cars annually, electric cars account for less than 3%, lagging substantially behind Europe and China. Discuss why this discrepancy exists. How do you recommend that Tesla approach the challenge of competing in the existing US market in short-term? What can Tesla and others do to foster…