Strengths and Weaknesses Discussion Response

Anonymous
timer Asked: Feb 22nd, 2019
account_balance_wallet $15

Question Description

In your responses to your group members (each), respectfully critique their posts and discuss what opportunities and threats may occur with their new products or services. Address any possible ethical issues as well.

( Please download the attachment)

Attachment preview

Discussion One

strengths and weaknesses

Undeniably, the competition situation among firms in the automobile industry continues to grow thinner and thinner while the pressure to keep up among individual firms remains on a steady rise. In trying to scale the competitive advantage towards its side, Tesla has convincingly broken away from fellow industry competitors with its resolve to revolutionize the automobile industry through renewable clean energy. However, one drawback that has always held back the pace of success for the company’s electric cars is short lifespan to the car batteries. Recently, the company launched a breakthrough product dubbed Tesla Solar Charger meant to increase the lifespan of the car batteries through continuous charging process. Being a new product to the market, it would be wise to evaluate strengths, weaknesses, opportunities, and threats that are likely to face success levels in the market.

 Bordering on strengths, the company boasts of the right expertise earned from long experience of manufacturing renewable energy products. Additionally, there have been a steady customer relationship between the company and its loyal customers cultivated through strong beliefs on virtues and ethical values. The company also offers a three-year warranty on the product after selling and also excellent distribution channels are some of the strengths that the company harbors on the product are believed to propel its success. Similarly, some weaknesses confront the company endeavors to roll out the product (Shi, 2016). Chief among them is low awareness on the product, limited resources that currently curtail mass production of the product and intuition of the correct price range on the product.

Undoubtedly, there are already existing opportunities that will assist the company to realize success in the market. The government through its renewable energy policies has lowered taxes to entities that make investments in the clean energy sector. On top of that, a lot of incentives have also been put in place by the state government to promote investments in green energy. Tesla stands to benefit from such hugely. However, a few threats still hold on the way to realize the set objectives. One, the automobile industry is always synonymous to mimicry. It will not last long before all the industry giants copy from the move Tesla has engineered. Equally, other automobile firms are also likely to respond with more competitive technologies (Zhikang, 2017). Low tax and other exemptions on renewable technology investment mean low entry barriers to the market. Above all, the company remains well abreast to impacts of ethical concerns such as honoring rights to existing technologies and protecting customer data privacy.  

Discussion Two

ETP Strengths and Weaknesses

Introduction

Educational Travel Program (ETP) is a new product for Mongolian Adventure Tours (MAT), a ground tour operator company in Mongolia. ETP is an 8 nights/ 9 days tour program for millennial travelers that consists of popular tourist attractions and interesting activities where they can learn more about the culture, people and lifestyle of the country.

Strengths

Since currently there is no similar product on the market in Mongolia, MAT has the 1st mover advantage. Moreover, the company has experience of 27 years on the field and capability of providing necessary staff and equipment. Also, MAT is well known and has a reputation locally and abroad on the tourism market. Therefore, it can be less challenging to promote the new product comparing to new companies who are entering a new market.

Weaknesses

The majority of MAT’s travelers come through 3rd party travel agencies, hence it is a bit underdeveloped on online platforms which can be challenging as the main target market is millennials who usually plans their trips by themselves using online platforms. The activities that are included in the ETP, are all organized by local communities which means ETP is dependent on them. Therefore, if the local communities increase their price or stop providing their services, ETP will be affected directly.

Even though ETP is new in Mongolia, there are other countries who organize similar trips for students and young travelers which makes them our competitors. Therefore, having only 4 to 5 months in a year for tourism season is a weakness as a destination as well as the relatively high price of airfare to Mongolia.

Discussion Three

Amazon AD

Amazon AD is the new smart device, Alexa enabled, connected directly with Whole Foods Market and Amazon Prime Now to offer a new unique experience in the kitchen. Amazon AD helps customers organize their products, prepare meals, reduce food waste and food cost and improve their shopping experience.

People: 

Amazon AD will have a big impact within the company and outside of the company. Amazon has skilled employees that have the ability to create unique products by implementing new technologies in new devices. Since Amazon AD is a device for home used, and can be used to execute daily tasks, with the magic of hands-free voice control, computer vision and sensor fusion, customers will benefit through convenience. Since customers are already used with voice control devices, they already have the knowledge about how to use devices that work with AI.

 

Product:

Amazon AD has a competitive advantage through Amazon Inc, but also because no other similar products can be found on the market. Amazon AD has some very distinguishing features. Amazon AD is capable to recognize products, organize, arrange, sort and perform tasks for customers. 

 

Company:

 Amazon is known for pioneering, innovation, taking chances, thinking big and “customer obsession”. One of Amazon’s strengths is their reputation. If we look at their brand value, we can see that they are far above the competition.


(Duncan, E. n.d.).

 

Duncan, E. (n.d.). Topic: Whole Foods Market. Retrieved from

https://www.statista.com/topics/2261/whole-foods-market/

Discussion One strengths and weaknesses Undeniably, the competition situation among firms in the automobile industry continues to grow thinner and thinner while the pressure to keep up among individual firms remains on a steady rise. In trying to scale the competitive advantage towards its side, Tesla has convincingly broken away from fellow industry competitors with its resolve to revolutionize the automobile industry through renewable clean energy. However, one drawback that has always held back the pace of success for the company’s electric cars is short lifespan to the car batteries. Recently, the company launched a breakthrough product dubbed Tesla Solar Charger meant to increase the lifespan of the car batteries through continuous charging process. Being a new product to the market, it would be wise to evaluate strengths, weaknesses, opportunities, and threats that are likely to face success levels in the market. Bordering on strengths, the company boasts of the right expertise earned from long experience of manufacturing renewable energy products. Additionally, there have been a steady customer relationship between the company and its loyal customers cultivated through strong beliefs on virtues and ethical values. The company also offers a threeyear warranty on the product after selling and also excellent distribution channels are some of the strengths that the company harbors on the product are believed to propel its success. Similarly, some weaknesses confront the company endeavors to roll out the product (Shi, 2016). Chief among them is low awareness on the product, limited resources that currently curtail mass production of the product and intuition of the correct price range on the product. Undoubtedly, there are already existing opportunities that will assist the company to realize success in the market. The government through its renewable energy policies has lowered taxes to entities that make investments in the clean energy sector. On top of that, a lot of incentives have also been put in place by the state government to promote investments in green energy. Tesla stands to benefit from such hugely. However, a few threats still hold on the way to realize the set objectives. One, the automobile industry is always synonymous to mimicry. It will not last long before all the industry giants copy from the move Tesla has engineered. Equally, other automobile firms are also likely to respond with more competitive technologies (Zhikang, 2017). Low tax and other exemptions on renewable technology investment mean low entry barriers to the market. Above all, the company remains well abreast to impacts of ethical concerns such as honoring rights to existing technologies and protecting customer data privacy. Discussion Two ETP Strengths and Weaknesses Introduction Educational Travel Program (ETP) is a new product for Mongolian Adventure Tours (MAT), a ground tour operator company in Mongolia. ETP is an 8 nights/ 9 days tour program for millennial travelers that consists of popular tourist attractions and interesting activities where they can learn more about the culture, people and lifestyle of the country. Strengths Since currently there is no similar product on the market in Mongolia, MAT has the 1st mover advantage. Moreover, the company has experience of 27 years on the field and capability of providing necessary staff and equipment. Also, MAT is well known and has a reputation locally and abroad on the tourism market. Therefore, it can be less challenging to promote the new product comparing to new companies who are entering a new market. Weaknesses The majority of MAT’s travelers come through 3rd party travel agencies, hence it is a bit underdeveloped on online platforms which can be challenging as the main target market is millennials who usually plans their trips by themselves using online platforms. The activities that are included in the ETP, are all organized by local communities which means ETP is dependent on them. Therefore, if the local communities increase their price or stop providing their services, ETP will be affected directly. Even though ETP is new in Mongolia, there are other countries who organize similar trips for students and young travelers which makes them our competitors. Therefore, having only 4 to 5 months in a year for tourism season is a weakness as a destination as well as the relatively high price of airfare to Mongolia. Discussion Three Amazon AD Amazon AD is the new smart device, Alexa enabled, connected directly with Whole Foods Market and Amazon Prime Now to offer a new unique experience in the kitchen. Amazon AD helps customers organize their products, prepare meals, reduce food waste and food cost and improve their shopping experience. People: Amazon AD will have a big impact within the company and outside of the company. Amazon has skilled employees that have the ability to create unique products by implementing new technologies in new devices. Since Amazon AD is a device for home used, and can be used to execute daily tasks, with the magic of hands-free voice control, computer vision and sensor fusion, customers will benefit through convenience. Since customers are already used with voice control devices, they already have the knowledge about how to use devices that work with AI. Product: Amazon AD has a competitive advantage through Amazon Inc, but also because no other similar products can be found on the market. Amazon AD has some very distinguishing features. Amazon AD is capable to recognize products, organize, arrange, sort and perform tasks for customers. Company: Amazon is known for pioneering, innovation, taking chances, thinking big and “customer obsession”. One of Amazon’s strengths is their reputation. If we look at their brand value, we can see that they are far above the competition. (Duncan, E. n.d.). Duncan, E. (n.d.). Topic: Whole Foods Market. Retrieved from https://www.statista.com/topics/2261/whole-foods-market/

Tutor Answer

Gilmore
School: University of Virginia

Here you go! Let me know if you need any edits or have any questions

Running head: DISCUSSION RESPONSES

Discussion Responses
Name
Institution Affiliation:
Date:

1

DISCUSSION RESPONSES

2
Responses

Discussion 1
I totally agree that Tesla’s decision to transform the vehicle trade via renewable
uncontaminated energy is quite unique and has also assisted in increasing the firm’s
competitive edge. However, the most evident concern with solar charging is...

flag Report DMCA
Review

Anonymous
Excellent job

Similar Questions
Hot Questions
Related Tags
Study Guides

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors