Porters Five-Force

Porters Five-Force Assignment Help

introduction

For a business organization, the strategy of executing your plan to achieve the objectives of your business defines your success (or failure). Professional organizations that are successful are one of the common factors, this common factor is their ability to successfully plan and execute their plans or in other words implement their business strategy to achieve their objectives. The Porters Five-Force Assignment is meant to understand various aspects related to business strategy and to apply these theoretical concepts in relation to specific business organiations. To select a better understanding organization for this task, Tesla Motors (Verbecke, 2013) is there. As part of this report, the overall strategic plan will focus on understanding the process, the way in which it creates its strategy, evaluates and selects a strategy to approach its approach and the way in which a selected strategy is implemented. is done. Therefore, till the end of this report, the learner / reader should be able to analyze the various elements of business strategy and how it can be implemented in organizations like Tesla Motors.
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task 1
Before writing an initial report based on the following, select a business organization and research its business activities:
Company Profile: Unlike other automobile manufacturers, Tesla Motors is a relatively young company in the ever competitive automobile field. However, after its establishment in 2003, Tesla Motors has steadily increased the market's heights and established itself as a unique manufacturer of cars. The main reason behind the unique situation of Tesla Motors is to focus on the design and manufacturing of electric sports car-cars, which run on electricity rather than carbon fuels. However, Tesla Motors also plays an important role in other companies like GM (General Motors) and Toyota Motors as it is one of the main suppliers of Auto Parts for these companies (AutoWood et al. 2014).

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Mission and Vision Statement: Its mission for any organization and Vision Statement provides a direction to the organization's plan. Vision Statement is a comprehensive observation that what exactly a company wants to accomplish in its entire existence, on the other hand, the mission is like a well-defined short-term and long-term goals that the company wants to achieve consistently.

The Vision Statement of Tesla Motors is very purposeful and clear, it aims to become one of the primary innovators and manufacturers in the 21st Century electric car manufacturer. The company wants to create a sustainable transport system capable of automobile based on electric power. Mission Statement, on the other hand of Tesla Motors, has focused on creating a healthy, green and sustainable environment by reducing the use of carbon fuels like gasoline, coal and other sources of hydrocarbons by promoting electric power-based automobiles in the market. On the basis of market analysis of Tesla Motors, it can be said that so far, becoming the primary leader in the electric car market is the primary goal. In alignment of its target and overall business strategy, its aim is to maintain its position in the automotive sector as a niche maker and by achieving stable growth and profitability. To achieve its business objective, Tesla Motors has focused on ensuring that it produces 400 electric cars every week, and further to ensure that pricing strategies of such cars in the long run such as Be it cheap for everyone Classes of society in the United Kingdom An important aspect of business strategy is to analyze the core competencies of an organization. Its main potential for Tesla Motors lies in its expertise in the electric car market. The level of technical expertise in this field is unmatched, there is no other company nearby to make mass production models of electric cars. This is one of the main reasons, due to which Tesla Motors has been able to create a distinct position in the automobile market of the UK and other countries. However, the two main factors that give Tesla Motors an edge over other competitors are its superiority in the development of battery technology which gives its power to the automobile, and secondly, to renew new features in the saturated market of automobiles. It has its potential. It has been able to achieve this innovative edge through various methods such as filing patents on relevant techniques, and then scaling up the product at scale to production level (Shredder et al, 2012).
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Analyze the factors that have to be considered for preparing strategic plans. To help you decide on strategic planning, how does the help of your chosen firm help you to understand the matrix of Ansoff?
There are several factors that need to be considered when preparing a strategic plan. In the case of Tesla Motors, the following factors are considered:

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