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Improvements To Tesla Strategic Plan

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1 Improvement to TESLA’s Strategic Plan Name Institution Course Date 2 Introduction of Company With Mission & Value Statement • A U.S-based innovative automotive and energy solutions company. • Founded in 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning. • Named after Serbian American inventor Nikola Tesla. • Mission revolves around accelerating the world’s transition to sustainable energy. • Vision focuses on driving the shift towards electric vehicles. • Tesla is revolutionizing the world with environmentally friendly and affordable cars. 3 Threats And Challenges You Have Identified Within The Current Strategic Plan • Threats • High competition. • Fluctuations in the prices of raw materials. • There are no self-driving regulations in any country. • Dealership regulations will lower profitability. • Challenges • Its products are higher-priced than industry rivals. • Limited market presence. • Manufacturing complications. 4 Executing The Strategic Initiatives In Order To Address The Threats And Challenges  Initiatives to Support Objectives to Improve the Strategic Plan • Engaging in good public relations. • • • • Investing extensively in marketing activities. Increasing its visibility. Continue producing unique and quality products. Produce environmentally friendly products to attract more customers. 5 Proposed Process Improvements. Assess Whether Additional Resources Are Needed • Tesla’s ...
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