Tesla

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School

Montclair State University *

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MGMT561

Subject

Business

Date

Apr 3, 2024

Type

docx

Pages

3

Uploaded by ProfessorJay216

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https://bstrategyhub.com/tesla-swot-analysis/ https://swotwizard.com/tesla-swot-analysis/ https://www.investopedia.com/articles/active-trading/072115/what-makes-teslas-business-model- different.asp https://businessmodelanalyst.com/tesla-business-model/ https://bstrategyhub.com/tesla-business-model-tesla-business-model-canvas/ https://cleantechnica.com/2021/11/29/teslas-business-model-has-created-disruptive-growth/ https://worktheater.com/unraveling-the-tesla-business-model/#:~:text=Key%20Partnerships,-Tesla %20has%20formed&text=CATL%20and%20LG%20Chem%3A%20Tesla,growing%20demand%20for %20its%20vehicles . https://fourweekmba.com/tesla-distribution-strategy/ Group Maps https://mavink.com/explore/Tesla-Strategic-Group-Map https://boardmix.com/tips/strategic-group-map/ https://medium.com/@quanzhou/strategy-analysis-of-tesla-40e764db598e https://www.slideshare.net/AlexandreKnig/tesla-61883469
Competition is often regarded as a threat, but at the same time, it plays a significant role in the development of a company. Competition encourages a business to find unique ways to attract customers to their products and services away from that of their rivals, and in doing so they are able to successfully achieve a competitive advantage.  To achieve  enduring competitive success  in an industry, a company must thoroughly understand its competitive landscape and develop competitive positioning strategies. One effective tool used to gain insight into direct competitors and analyze their market positions is the strategic group analysis. The analysis provides the data indispensable in the design of the marketing strategy of a company.  This post explores the concept of strategic group analysis, conducting the analysis using strategic group maps and the necessary ideology for effective collaboration. Strategic groups are common in most industries. Companies, within the same industry, that employ similar strategies with similar resources or have comparable business models, belong to one strategic group. Strategic groups  Have similar characteristics  Have similar market shares Respond to market trends or competition (threats and opportunities) in similar ways Offer similar customer service  The  strategy group map  is used as the primary tool in the analysis of strategic groups. It helps visualize and analyze the competitive positions of industry rivals based on variables (common characteristics) relevant to their strategic significance.  The electric vehicle industry is dominated by a few companies, such as GM, Nissan, Toyota, Ford and BMW4
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