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Discuss how tesla is a niche product and there isn’t much competition which also brings the problem of having a reliable supply chain, and having to overcome the chip shortage.
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This is a group project and I’m only repsonsible for part 1 and 3. On part 3 it tells you to follow content based on chapter 4 of the book but if you don’t have to do that, if you do want to, I’ve atached the book to this.
Discuss how Tesla is a niche product and there isn’t much competition which also brings the problem of having a reliable supply chain, and having to overcome the chip shortage. Since electric cars are the minority in transportation expand on that. (to keep it brief write on their supply chain issues and global chip shortages).
Part 1. Introduction (1-2 pages). This section should specify the main strategic problems that you as the expert have identified with the company. You should provide a brief company background as well.
Part 2. External Analysis (3-5 pages). Conduct an analysis of your target firm’s business environment and industry, following the content provided in the text, especially Chapter 3, and other materials in the course (see course learning objective 3). You need to conduct Porter’s Five Forces analysis and a brief PESTEL analysis in this section.
Part 3. Internal Analysis (3-5 pages): Conduct an analysis of your target firm, following the content provided in the text, especially Chapter 4 and other course materials. This includes: (1) Reviewing its financial condition through an analysis of the firm’s financial statements, especially using analysis of key ratios, which in turn should be compared to the firm’s close competitors and/or industry averages; (2) reviewing its market condition through an analysis of the firm’s competitive standing relative to its most significant competitors using VRIO framework (see course learning objectives 1& 2).
Learning objectives 1 & 2:
1. Understanding the elements of strategic management and their interrelationships.
2. Applying an internal strategic analysis with appropriate analytical techniques/tools.
Part 4. Recommendations (4-5 pages): First, in light of the firm’s existing internal characteristics, its industry, and its competitors, review and critique your target firm’s current business strategies and sources of competitive advantage. You should draw upon the content provided in the text, especially Chapters 5 and 6, and other aspects of the course. Second, based on your analysis, identify specific recommendations on how to resolve the main strategic problems you outlined earlier in the Introduction (see course learning objectives 4 & 5).