Value of Strategic Partnerships and Ongoing Innovation for Tesla
No skill is as important to managers as report writing. As a manager of the future, you need to be prepared to write progress reports, proposals, accident reports and evaluation reports – to name but a few! You would be likely to use a formal report format if: Your subject matter is important to your organization Your findings are extensive The analysis is complex The report is to be used over a long period of time. Remember that a formal report should reflect and maintain the organization's professional image – especially if it is to be seen by people outside the organization. Because of the importance of formal report writing for managers, lecturers in business schools often set assignments that require you to write a report of this nature. In this skill module we shall be concerned only with suggestions for the writers of formal management reports. We shall not try to present a comprehensive treatment of informal reports, including information reports, recommendation reports, justification reports, and proposals – for more information on these, please refer to the suggested further reading at the end of this section. The guidelines given in this document are general. In all ‘formal report’ assignments it is important that you apply OB knowledge to the question or case/problem in hand in order to produce critically informed analysis, and that you seek guidance from your lecturer on each of the following criteria: Length of report Use of headings Documentation format
Assignment 1: Case Problem 'Tesla Inc, 2023'
Author's Name
The Institutional Affiliation
Course Number and Name
Instructor Name
Assignment Due Date
Table of Contents
Executive Summary. 3
Introduction. 4
Business Analysis. 4
Tesla…………………………………………………………………………………………5
Business model and corporate strategy. 5
Tesla Prime Service. 6
Tesla Core Competencies. 6
Competitive landscape. 7
Looking Forward. 8
Summary/Conclusions. 8
References. 10
Appendices. 11
Executive Summary
Tesla is known for its innovative business model emphasizing vertical integration and direct-to-consumer sales of electric vehicles. The company's leading autonomous features, exceptional range, and sophisticated battery technology comprise its core competencies. Competition in the EV market is heating up, but companies like Volkswagen and GM are emerging as strong challengers. However, Tesla's unique services, such as its Supercharger network and Autopilot, still make it stand out. Tesla could lead the transition to clean energy if it handles market challenges well. This study emphasizes the value of strategic partnerships and ongoing innovation for Tesla. Expanding the service ecosystem and forming alliances for improved battery research are two crucial suggestions for ensuring Tesla remains at the forefront of the automotive revolution.
Introduction
This study was prompted by the rapid transition in the automotive sector to sustainable energy, and it focuses on the advantages and disadvantages of electric vehicles (Rothaermel, 2023, p. 1). A study is examined to understand Tesla's strategies, milestones, and potential obstacles. While this study sought to understand Tesla's disruptive trajectory, it is essential to note that it had some restrictions due to its limited time frame and use of publicly available sources. Extracted information from interviews and other primary sources was meticulously combined with secondary sources. According to early findings, Tesla has an unquestionable impact on the EV market and has a cascading effect on conventional automakers (MOTSEPE, 2023). The performance of Tesla's stock, specifics of electric vehicles, stages of automation, and Elon Musk's crucial role will all be covered in later sections. The report gives a comprehensive and evaluative analysis of Tesla within the current automotive industry.
Business Analysis
How was Tesla able to enter the mass-market American automotive sector? Describe the business model of Tesla Inc. How is Tesla’s business model different from traditional car manufacturers?
Tesla's entry into mass-market American automotive is a story of creativity, foresight, and disruption. When first established in 2003, Tesla focused on the premium market with its Roadster. However, the company consistently aimed to achieve widespread market penetration. It used high-end car revenues to develop more affordable models, culminating in the 2017 Model 3, which