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BUSI 400 Case Study: Tesla Assignment (answered) spring 2022

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BUSI 400 Case Study: Tesla Assignment (answered) spring 2022 OVERVIEW Develop appropriate business strategies, policies and solutions for Tesla that will create sustainable competitive advantage for the company. Case information for this question can be found on page 323 of your text. The strategic management process enables organizations to achieve competitive advantage through three stages: strategy formulation, strategy implementation, and strategy evaluation. Your strategic plan should progress through all of these phases, resulting in recommendations that establish the firm in the market with a competitive advantage they can maintain going forward. INSTRUCTIONS Assume you are creating a pitch to present to Tesla leadership. You will need to analyze its external/internal environment and propose strategies, policies and/or solutions based on those findings that will create a sustainable competitive advantage for the company. APA formatting is required, and a minimum of 3 sources must be utilized in addition to the text. The length of the paper should be 7-10 pages. The completed case must include the following components: • Executive Summary: This is a summary of your entire case study, not a summary of Tesla present day. One should be able to read the executive summary section and understand the main points of the paper • Current State of the Organization: Vision Statement, Mission Statement, Current Objectives, Current Strategies • Internal & External Analysis: SWOT, Porter’s 5 forces • Competitive advantage (current) • Evaluation and Recommendations: Strategies, policies and or solutions for implementation that will create a sustainable competitive advantage for the company based on the results of your analysis. Include implementation plan for recommendations and be sure to explain how the competitive advantage is specifically sustainable over time • Evaluation of recommendations: How will success be tracked or determined for the recommendations provided? Note: Your assignments will be checked for originality via the Turnitin plagiarism tool. The tool is a starting point for instructors to check overall Academic Integrity and higher scores generally indicate a higher probability of Academic Misconduct. The higher a score the higher the probability that there are too high a percentage of quotations included in the narrative, and/or there are passages that have not been properly cited.

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Case Study: Tesla


College of Business, Liberty University

BUSI 400-D05 Strategic Planning/Business Policy

Professor

2022

, 2


Executive Summary

Tesla is a company that is growing by popularity by the day for their electric automobiles.

Like any company, they find themselves in need of developing a new business strategic plan to

keep their competitive advantage the same as it has been. Tesla has a current strategy plan that

has proven to be helpful, however, the company still needs to bring it up to date for more future

success. By performing both an external and internal analysis while utilizing Porter’s 5 forces

and SWOT, it can help shine a better light on where Tesla is at and where they would like to be.

Completing these tests can also help outline their new strategic plans. There are three different

strategic plans introduced to help form a stable competitive advantage that will help Tesla in the

future. When going over each new strategy, it is stated how it should be put into place while also

listing how it will impact the competitive advantages for Tesla. Each strategy will include a

method to measure the success it could have for the company. The new strategic plans will help

provide for a bright future for Tesla.

The Current State of Tesla

Tesla, like any other company, has their own mission statement that tells the public what

their goals include. Their mission statement goes over how they want to accelerate the world to

sustainable energy. Tesla focuses on electric vehicles to help get the world to a healthier future

and emphasizes the new transition of energy. The products they produce are considered as green

energy. Today, more people are becoming environmentally conscious which is what helps Tesla

bring in their customers.

In addition to their mission statement, Tesla also has a vision statement which focuses on

their goal to create the most compelling car company of this century. The company has been

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