Global Strategy Implementation Analytical Report TESLA. Research Paper
please read the Individual Assignment Brief carefully and take notes, there are strict requirements for this research paper. I will upload the assessment criteria, paper samples, course materials for you to prepare the writting. you can start with the sample papers to get the base ideas and structure of this paper. then you need to follow requirements and details in the brief to start researching sources. this report requires credible and professional academic sources, you will see details in the brief. try to have citation from academic journals such as Strategic Management Journal, Long Range Planning, Global Strategy Journal, or Strategic Organization; using keywords such as ‘strategy implementation’, ‘strategy execution’, ‘strategy barrier’ and ‘strategy failure’ can save you time and be more efficient. besides, those course materials and readings can help you gain the base concepts, approaches and skills to apply in the paper.
Global Strategy Implementation
Individual Assignment Brief
The Assignment Brief:
Select one multinational enterprise (MNE) with any nationality that is active in one or more than one industry. This MNE can be small, medium, large or very large. This company can be famous or unknown, but the information about this MNE should be publicly available in English. Collect required data about this company and its global strategies from valid sources such as the company’s annual reports, the company’s press release, the company’s website, industry databases (such as Mintel, Euromonitor Passport, Orbis, or Statista), academic case studies, market research reports or news by reliable broadcasters.
You need to write an analytical report regarding this company that covers the following issues:
A) Identify the major influential factors in the implementation of global strategies in this company
B) Determine the barriers to implement global strategies in the company
C) Suggest how this company can prevent failure to implement its global strategies
Recommended Structure:
The structure of your work has its own mark. There is no need for an executive summary
for this report. The recommended structure for this assessment is as follow.
Table of Contents: Provide the list of headings and their page number in one separate page from the cover sheet and the introduction.
1. Introduction:
In one paragraph say what are you going to discuss in your work. You may mention the list of main headings would be discussed in your work.
2. Background to the chosen company:
In two or three paragraphs, give some short information about what your chosen company does and why you selected this company. If you could find relevant information, try to mention some of the global strategies that are being implemented or intended to be implemented in the future in this company such as global expansion strategies (entering to new country or region), global mergers or acquisitions, global production strategies, global marketing strategies, global human resources strategies, or global finance strategies. You may provide some graphs or/and tables to show the company’s market share and position among the competitors in the same industry. Indicate in how many countries this company do business.
3. Major influential factors in the implementation of global strategies in this company
3.1. Theoretical: Start your answer by having theoretical discussions regarding different scholars’ views on influential factors in the implementation of the strategy (any number of factors). You need to mention perspectives of at least two scholars regarding the inner- organisational or outer-organisational factors that can positively or negatively affect the execution of the strategy in an organisation. Your mark would be increased if you identify the similarities and differences that are exist among the perspectives of the scholars you mentioned. You might use a table to compare different views to each other (view of each scholar can be mention in one of the columns of this table). Teaching and reading materials from weeks 3 & 4 are directly relevant to this question. You may also use the teaching and reading materials from weeks 1, 2 & 7 in discussing this topic.
3.2. Factual: You are expected to try to find some direct or indirect information about the company’s global strategies and the factor that have impact on their implementation in your selected company. If you could not find information that are directly about the global strategies of this company you need to use the indirect information for ‘educated guess’ about the internal and external issues that influence execution of strategies in this company. Sources of your direct or indirect information can be the company’s annual reports, press release, advertising, case studies, reports prepared by reliable market research companies such as Mintel, Euromonitor Passport, Orbis, or Statista or news in reliable newspapers, journals or broadcasters. Try to identify 8 to 20 influential factors (either internal or external). That would be fine if all of your identified factors are only internal or external but it would be great if you could find both internal and external factors that affect the implementation.
4. Barriers to implement global strategies in the company
4.1. Theoretical: First you may use literature to explain briefly main obstacles to implement strategies (any number of barriers). Try to mention perspectives of at least two scholars regarding barriers to execute strategies. It would be helpful if you compare (find similarities and differences of) two or more views by two or more different scholars on any internal or external issues that may become barrier to implement strategy. Using a table would assist you in this comparison (you may allocate one column in the table for the view of each scholar) and the written words in the table do not count as part of the 3000- word limit. Teaching and reading materials from week 5 are directly relevant to this question. In discussing this topic, you may also use the teaching and reading materials from week 2.
4.2. Factual: Then try to identify any internal or external barriers to implement strategy in your chosen company. If you could not find information that are directly about obstacles to implement strategy in the company you selected, you should rely on indirect information about strategy execution barriers to have ‘educated guess’ about these internal and external barriers in this company. Try to identify 5 to 16 barriers (either internal or external). That would be fine if all of your identified barriers are only internal or external but it would be great if you could find both internal and external barriers to implement strategies in this company.
5. Suggestion on how this company can prevent failure to implement its global strategies
5.1. Theoretical: Initially analyse existing literature to assist you in brief discussions concerning main ways to prevent strategy implementation failure (any number of ways). It is recommended to compare two or more viewpoints by two or more different scholars regarding how failure can be avoided in executing strategies. Using a table would assist you in this comparison (you may allocate one column in the table for each viewpoint). Teaching and reading materials from week 6 are directly relevant to this topic. You may also use the teaching and reading materials from weeks 2 & 7 in answering this question.
5.2. Factual: After that you should propose the most effective ways of avoiding failure to implement strategies in your chosen company based on A) the factors influence implementation of strategy (based on your finding in section 3), as well as B) the reasons for ‘implementation failure’ that you identified in section 4. It will increase your mark if you make direct and meaningful relationship between your recommended ‘ways to avoid strategy implementation failure’ and your findings in section 3 (factors that affect implementation of the strategy) and section 4 (reasons for implementation failure). You may use a table with three columns one for identified barriers or factors leading to failure of strategy, one column for your suggested ways to remove the barriers and the third column for justifying your proposed solution. It is better to put each barrier or factors leading to failure in a separate row of this table. Try to suggest 5 to 16 ways of preventing strategy failure. It is alright if all of your suggestions are only about inner- organisation actions/decisions to avoid having failed strategies. However, it would be great if you could suggest one or more outer-organisation actions/decision (such as lobbying or strategic alliance with major competitors) to prevent strategy failure too.
6. Conclusion:
Summarise your findings and suggestions in one or two paragraphs. You might use a table to help you in summarising your findings and recommendations.
References: It is mandatory to have a full list of all sources you used directly in your work. Please do not mention the sources that you did not use directly in your work. Referencing should follow the Harvard Referencing system only.
Appendices: It is better not to have any appendices. Every necessary information and discussions should be provided within the main text between the introduction and the conclusion sections. If you really need to have an appendix, remember that the contents in appendix do not have any mark. I will not be reading what you put in this section, appendices.
Important Issues:
- You should avoid plagiarism. Plagiarism is the practice of taking someone else's work or ideas and passing them off as your own.
- The length of the assignment is 3000 words. You are not allowed to write even one word more than 3000 words. The written words in the coversheet, table of contents, references, appendices, and any tables in the main text, would not be considered as part of the 3000-word limit.
- It is expected from you to use any theoretical frameworks or theoretical discussions that can help you in strategic analyses of your chosen company. So, you need to combine theoretical discussions with the factual data about the company. Every theoretical discussion and every provided information about the company should be supported by relevant referencing (citation) from valid academic, international or the company sources.
- Try to have at least one citation in every paragraph, for example: According to Porter (1990)
- Having more than one citation in each paragraph would increase your mark. For the first class mark you need to have three citations in average in every paragraph.
- Having multiple citations would improve your mark. You can have multiple citations if only one opinion or finding is supported or mentioned by more than one scholar (or co-scholars in one publication). For example, if scholars of three separate publications are agree on the influence of managers on implementation of strategies, you can write something like this: It is believed that managers influence implementation of strategies (Aboutalebi et al., 2016; Smith, 2015; Zhong, 2013).
- You are expected to use at least 15 different sources in writing your assignment. These sources can be annual reports of the company, essential reading provided on SurreyLearn or any other academic or professional sources. To receive a top mark, you should use at least 25 different sources.
- To receive a top mark, you need to use resources beyond lecture notes or the essential readings.
- Try to have citations from relevant papers from top academic journals such as Strategic Management Journal, Long Range Planning, Global Strategy Journal, or Strategic Organization.
10. To identify academic sources concerning strategy implementation you need to use keywords such as ‘strategy implementation’, ‘strategy execution’, ‘strategy barrier’ and ‘strategy failure’ (strategy failure, unsuccessful strategy, strategy abandonment, failed strategy, policy failure, unsuccessful policy) to search within the top strategy journals.
11. In order to find information about strategy implementation in your chosen company, you may also use each of the influential factors on strategy implementation (e.g. Implementation plan or implementation budget) as keywords to search within the company-related sources such as the company’s annual reports, news release, databases (e.g. Mintel, Euromonitor Passport, Orbis, or Statista).
12. Use graphs and tables in your discussions. Tables are great tools to help you compare two or more perspectives to each other. You may use a table with three columns to compare three perspectives of three different scholars regarding ways to prevent failure in implementation of strategies.
13. Try going beyond description of theories or current global strategies used in your chosen company. Analyse and criticise the theories or/and the utilised strategies in the company by findings their weaknesses.
14. Try not to rely solely on your personal opinion in criticising the theories. Find the criticism made by scholars regarding your mentioned theory, then you can add your perspective to these criticisms.
15. Use the Harvard Referencing System correctly.
Formatting Issues
- It is recommended to use one of the readable and academic fonts such as Arial, Calibri, or Times New Roman.
- It is suggested to use fond size 11 for the general body of the text.
- You might use font size 13 or 14 in bold for main headings.
- Font size 11 in bold would be suitable for sub-headings.
- Any default page margins (e.g. 2.54 for all sides or 2 for all sides) would be acceptable.
- Try to have headings for every tables or graphs in your assignment. Put the heading above the table or the graph.
- It is recommended to number all table or graph headings.
- Mention the source of your tables or graphs under the table or graph. If you developed the table or graph just write ‘Source: Developed by the Author for this work’.
- The recommended line spacing is either 1.2 or 1.5.
Initial consequences of committing plagiarism
The amount of ‘similarity index’ in the Turnitin report of the submitted coursework would be used to judge initial actions to deal with the plagiarised assignment. It is normal to have a few percentage points of similarity (5-10%) in the assignment due to using a common coversheet and statement of originality. These minor similarities are not considered as plagiarism.
- If the similarity index in the Turnitin report is 20% or lower, there will be no penalty. It is highly recommended to keep the similarity index of your work well below 20%.
- If the Turnitin report shows a similarity index of 21 – 30%, the student will be required to attend an interview and viva (oral examination), concerning the potentially plagiarised work. In the interview the student would be asked to explain reasons for a relatively high amount of unacknowledged borrowing from other sources. The students who are under investigation would also need to verbally answer some examination questions to show the written discussions in the submitted assignments belong to them. There would be no penalty if the student passes the viva and gives satisfactory responses to the questions. Otherwise, the student may be introduced to the Academic Misconduct Panel to be considered for a fail mark for the plagiarised work.
- The student may be introduced to the Academic Misconduct Panel to be considered for a fail mark for a submitted work that has a similarity index of 31% or higher.
GLOBAL STRATEGY IMPLEMENTATION REPORT FOR TESLA INC.
Name:
Course:
Tutor:
Institution:
Location:
Date:
Table of Contents
1.0. Introduction…………………………………………………………………………………………3
1.1. Background of Tesla Inc…………………………………………………………………….3
1.2. Purpose of the Study………………………………………………………………………...4
2.0. Influential Factors………………………………………………………………………………….5
2.1. Theoretical Factors in the Implementation of Global Strategies……………………………5
2.2. Internal Factors Influencing the Implementation of Global Strategies at Tesla, Inc………..6
2.3. Theoretical analysis of the External Factors influencing the Implementation of Global
Strategies…………………………………………………………………………………………7
2.4. External Factors Influencing the Implementation of Global Strategies at Tesla, Inc…….....8
3.0. Barriers to the Implementation of Global Strategies………………………………………….…9
3.1. Literature Review of Internal and External Barriers………………………………………..10
3.2. Internal Barriers that affect the Implementation of Global Strategies at Tesla Inc………….11
3.3. External Barriers in the Implementation of Global Strategies at Tesla Inc……………….....12
4.0. Ways of Preventing Failure in the Implementation of Global Strategies………………………..12
4.1. Theoretical Discussion on how a Company can Prevent Failure in the Implementation
of Global Strategies…………………………………………………………………………….…12
4.2. How Tesla can Prevent Failure in the Implementation of Global Strategies…………..…….13
5.0. Conclusion…………………………………………………………………………………………….14
6.0. References…………………………………………………………………………………………….16
1.0. Introduction.
This report uses Tesla Inc. as a case example in the analysis of the process of the implementation of global strategies. The text discusses both internal and external factors that influence the process, with support from the views of numerous scholars on the topic. Factual data and examples of Tesla Inc. have been used in the paper to aid in the course work. Additionally, the text explains internal and external barriers that hinder the implementation of the global strategies, having been supported by various journals of scholars with concise indications of relevant suggestions on how Tesla Inc. could prevent the failure of the implementation for efficiency of its future plans.
1.1. Background of Tesla Inc.
The invention of the internal combustion engine in the 20th century reformed the automotive industry in the world. Tesla Inc., initially Tesla motors is an American electric automobile manufacturer founded in 2003 by a group of entrepreneurs, Martin Eberhard and Marc Tarpenning, and named after an inventor from Serbia, called Nikola Tesla (Stolze, 2015). Recently, the company was mired in confusion as it was struggling to raise its capital, closing a number of its stores and reeling from a sudden slump in sales. The firm ventured into the field of manufacturing electric vehicles, storing combustion products, and producing clean and scalable energy. In the third quarter of 2019, the organization's announced its sudden robust position when it reported its $143 million net income, having defied the expectations of a loss (Tesla 2018). In the quarter, Tesla's revenue was $6.3 billion. In contrast, its general revenue in the 2018 fiscal year grew to $21.5 billion, a $10 million increase from the previous year, hence being named the most extensive sales markets of the United States (Tesla, 2018).
Under the leadership of one of its co-founders, Elon Musk, the company targets three key transnational consumer segments for its global strategies, which seek to penetrate through the competitive market to set up branches and firms in other regions and countries (Stolze, 2015). The first one of the potentials is to standardize and increase the niche market of the Tesla Roadster, its initial model, in other countries. Secondly, the firm intends to tap the demand of its Sedan and SUV models with the Model S and Model X to increase its success and offer higher sales potential in the competitive market. Finally, Tesla's mainstream vehicle consumer segment targets to allow for mass vehicle production for numerous models, including Model 3, for international expansion (Tesla, 2017). Additionally, as part of its global human resource strategies, Tesla plans on establishing branches all over the country and other developing countries such as China and the United Arab Emirates so as to end favoritism identify specific activities that would aid its achievement of success and finding local and foreign talent as well as building an effective mobility pyramid. The chart below presents the company's key figures.
Source: Tesla Inc. Annual Report 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018.
1.2. Purpose of the Study.
The purpose of this analytical report is to explain the global strategy of Tesla Inc. by describing the major influential factors and barriers that affect its implementation. In the final segment of the study, the essay suggests several ways of preventing the failure of this strategy implementation. In this context, global strategy is defined in terms of business as an organization's strategic guide to globalization and international expansion. Chan and Hwang (1992 ) support the notion of global strategy as a way of creating an interconnection of the interdependent network of businesses around the world. This mode of connection allows for the revenue of a company to be extended across borders through foreign trade towards the creation of a worldwide market. Nevertheless, as per the definitions of Aboutalebi (2016), the two scholars who pronounced a framework influenced by systems theory, a continuous analysis on the execution of a global strategy has not been created and published. The research is in line with the nine proposed models of implementation.
2.0. Influential Factors.
2.1. Theoretical Factors in the Implementation of Global Strategies.
Before the actual description of the factors affecting the implementation of the global strategies of Tesla Company, it is pertinent that this section of the paper performs a theoretical review of the factors that influence the implementation of comprehensive policies among companies. These factors can either be internal or external and could affect an organization both positively and negatively.
Table 1: Internal Factors in the Implementation of Global Strategies.
Size of an Organization
Čater and Pučko, 2010
-More substantial organizations would contain more entities of financial, human resource, and other content, whereas smaller companies do not.
Das, 2015
-Small size and large companies ensure better results of their strategies by encouraging high-quality formalities.
Organizational Culture
Alamsjah, 2011
- The organizational culture of a company can be both positive and negative in the implementation of global strategies.
Ke and Wei, 2006
- There is a positive relationship between the prosperity of the implementation process of global strategies and the organizational culture. This relationship is in terms of the company's capacity of advancement, its magnitude of participation, problem solving, distribution of power, and the business in general.
Human Resources
Lynch & Mors, 2018
-For the proposed strategies to be achieved, highly skilled members of the organization are required.
Shah, 2005
-When selecting a team of members of the human resource department, an organization ought to have extensive considerations and activities to land on the best individuals.
Communication
Beer and Eisenstat, 2000
- The communications department of a company must give clear and concise instructions on the activities related to the implementation process.
Aboutalebi, Tan & Dyerson, 2016
-When the members of the organizations are not fully aware of the goals and vision of the new strategies, their activities towards its implementation would be both inefficient and ineffective.
Leadership Style
Crittenden et al., 2008
-It is pertinent that a firm has a competent leader who initiates an efficient leadership style so that when combined with his high-quality capabilities, the implementation of the strategies would be made easier.
2.2. Internal Factors Influencing the Implementation of Global Strategies at Tesla, Inc.
1 Size of the Organization.
Tesla Inc. is a large organization, and according to the table above, Čater and Pučko (2010) state that big companies have more considerations and resources in their strategies compared to smaller firms. Therefore, with the added advantage of size, Tesla Inc. faces another challenge of communication as now it should ensure a valid form of contact throughout the organization. In this note, Tesla Inc. should ensure that in the process of the execution of its strategy, there is a longer and closer review of its communication discipline. Moreover, with its target of a global market and international expansion, Tesla Inc. owes its size to have diversity in its implementation process (Tesla, 2017).
2 Organizational Culture.
The organizational culture of Tesla Inc. is an innovative problem-solving. This type of corporate culture motivates employees and all the other members of the organization to decipher and develop solutions to current and emerging issues in the target market (Alamsjah, 2011). For instance, in the context of globalization, the company employs its organizational culture in establishing branches in other parts of the world to increase its sales and automate vehicles in the region. This is the positive impact of the organization in the implementation process of global strategies (Stolze, 2015). Some of the characteristics of the culture are its targets on moving into the competitive market with all the capabilities of winning, doing the impossible by developing cutting-edge products that would not only intrigue its customers but also contribute to the implementation of the strategies (Tesla, 2016). Moreover, Elon Musk states that all the employees at the firm reason from First Principles in the process of solving real-world problems.
3 Human Resources.
Human resources are one of the main aspects of every company. At Tesla, human resources are on the rise. With the appointment of Kathleen Wilson-Thompson as one of its members of the board of directors on December 27, 2018, the corporate afterthought to the critical role of human resources has been given a priority (Tesla, 2018). Right now, the top most essential board members at Tesla Company is 11. Also, after firing hundreds of employees in 2017, the organization has announced that it wishes to appoint a human resources business partner whose role will be to drive the mission of the company by working with leaders across the firm to ensure that Tesla is a remarkable working environment for all employees (Tesla, 2017). This only proves for the effective implementation of global strategies, and the firm requires highly skilled human resources.
4 Communication.
In August 2017, Elon Musk wrote an email to the employees of the company, encouraging them to dump the traditional chain of command adopted by many companies, inc which information flows through managers to the target person. In the mail, Musk states that one of the shortcomings of the chain of command communication is that it recognizes and enhances the power of the managers instead of serving the company (Sterling, 2003). He continues that hence, instead of the issue being solved quickly and efficiently through inter-department communication, employees are being forced to air their views to the manager, who will then talk to the manager, and the flow goes back and forth (Bariso, 2017). Therefore, as the CEO put it, anyone as Tesla Inc. should either talk face-to-face with whoever the message is meant for or send them an email without their permission or respect of superiority and chain of command (Tesla, 2017). In the wake of these details, Musk understands the impact of communication in the implementation of the company's global strategies.
5 Leadership style.
The leadership style of a company dramatically influences the implementation of its global strategies. Elon Musk uses transformational leadership where he demonstrates incredible vision, dedication, commitment, and perseverance as he struggles to make the people see and believe the actualization of his sight at Tesla Inc. In a press release in February 2018, Dolly Singh, former head of human resources at SpaceX, states that "The thing that makes Elon Elon is his ability to make people believe in his vision." Jim Cantrell, a top engineer at SpaceX, adds, "…Most of us can't conceive of these things working; he can't conceive it is failing" (Blazek, (2019). This style of leadership is fundamental for a successful implementation of global strategies as the employees feel motivated, and the customers have belief and trust in the leader (O´Reilly et al., 2010).
2.3. Theoretical analysis of the External Factors influencing the Implementation of Global Strategies.
Major external factors such as politics, economy, technology, and sociological factors can hinder or escalate the implementation of global strategies in a company (Bushardt, Glascoff, & Doty, 2011). The table below shows the external factors that can influence the implementation of a company's global strategies.
Table 2: External Factors in the Implementation of Global Strategies.
Factors
Authors
Points of Views
Political
Shah, 2005
-Specific policies of the government, such as the amendment of the constitution, law, and authority, and other irrelevant policies, can influence a company's implementation of strategies.
Economic
Mollahoseini & Ahmadkhani, 2012
-The implementation of global strategies could be affected by an increase in taxes, excise duties, exchange rates, and a new ruling government altering the existing rates of interests.
Social
Pearce and Robinson, 2007
-Material changes in a country or a region would only make it difficult for a company to adjust.
Technological
Lynch & Mors, 2018
-Technological advancements demand a lot from a single organization. This is because it could affect the way a government functions and the economy of the land.
2.4. External Factors Influencing the Implementation of Global Strategies at Tesla, Inc.
1 Political Factors.
The macro-environment of Tesla Inc. and its businesses are profoundly affected by the politics of the United States and the whole world. Some of the political factors affecting the implementation of Tesla's global strategies are the government's incentives for electric cars, new international trade treaties, and the current political stability of major markets around the world (Tesla, 2018). All the three factors are opportunities for the company as it undergoes a relatively long time of prosperity. The incentives from the government are related to the reduced amount of carbon emitted through the company's activities. Additionally, the government has signed agreements of trade and business with countries such as China, Japan, and Dubai due to political stability in such significant markets.
2 Economic Factors.
Certain economic factors influence the automotive industry and those that Tesla Inc. should consider addressing. These factors include the reduced costs of battery, the gradually decreasing costs of renewable energy, and issues with economic stability among major markets (Tesla, 2017). Tesla Inc. will benefit from the reduced amount of the cost of battery and the decreasing cost of renewable energy as it would increase its overall profitability. Nonetheless, the rising problems that threaten the economic stability of some of its major markets, mainly Europe and Asia, will affect the company negatively.
3 Sociological Factors.
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