Formula 1 Essay

This paper is an evaluative look at why the Chevrolet Corvette is one of the greatest sports cars in the world. Sports cars can be judged in three areas; cost, performance, and comfort, each area will be evaluated as to why these criteria are important, with examples shown to for definition. The Corvette will be shown how it compares in regards to the measurements, and in some cases exceeds them. Showing why it should be considered a great sports car

Another strength is the loyalty of their fans. According to the drive to connect, in 2015, NASCAR had 70 million fans. Their fans are considered the most loyal in all of sports, making NASCAR the #1 sport for fan brand loyalty. Fans are not only loyal to the sport, but also to sponsors. This is one reason why sponsors are willing to pay the high premiums to align themselves with NASCAR.

rebuilding themselves all the way up to this day. Although a lot has changed such as the body of

NASCAR is one of the most rapidly growing sports in the world. There are people who think that NASCAR is just a bunch of hicks going around in circles, but it takes skill to drive at two-hundred miles per hour. I am going to talk about the history of NASCAR, early drivers of NASCAR, the three NASCAR divisions, the rules, and the new technology.

First of all, Nascar is more electrifying because, it involves more than two cars. Other than Drag racing having two cars, Nascar has about thirty racecars or more! When a lot of cars are out at once, it can have the most prospects of wrecks. Every racecar driver can go all at once, than wait until one’s turn as in Drag racing does.

Formula One racing originated from overseas in Europe, and has now spread to many other countries including Australia, Asia, and South America. Its culture is more classy and elegant. Most of the people involved in Formula One racing are successful and

Over 50 years ago a new sport was introduced. This sport was stock car racing. The organization that sponsors stock car racing is known as National Association of Stock Car Racing, NASCAR. The driver that is identifiable with NASCAR is definitely Dale Earnhardt. Over the years there have been many great stock car racers from Cale Yarborough to Richard Petty and Davy Allison, but no other name was better known than Dale Earnhardt. Whether on the track or in the crowds, there is no possible way a person can look without seeing a black number three or some other Earnhardt insignia. In first or last place, victory circle or behind the wall, the black GM Goodwrench Chevrolet could not be deprived of its

You're driving down the straight stretch at 200 mph, slowing down for one of the three left hand turns; you’re surrounded by other cars all doing the same things, all trying to achieve the same goal: to be the first racer to cross the checkered line. The sport, is called NASCAR, it attracts hundreds of thousands of people to watch each and every race. NASCAR was started by back country bootleggers in Georgia; in late 1947, a meeting was held to discuss the future of stock car racing, and NASCAR was conceived. It takes extreme skill to race in the NASCAR world; it is a crazy fast paced sport that has an incredible, humble beginning.

From 13,000 fans during the first race 50 years ago to over 300,000 fans at a single event today, the NASCAR sport has evolved over the years in various ways. In the beginning, stock car drivers actually bought brand-new cars from dealers and went racing. The first strictly stock car race sanctioned by NASCAR in Charlotte, North Carolina in 1949 had no safety requirements for competing cars. They were true stock cars in every sense of the word, completely unmodified and in hindsight, incredibly unsafe. There were no extra or special requirements for drivers and cars that raced than there were for street vehicles. Today, NASCAR race cars have very little in common with street cars because almost every detail of a NASCAR vehicle is handmade.

Racing is a sport that has been around nearly since the invention of automotive transportation, and it has only grown and developed as the years passed. Throughout many decades, racing has evolved in various ways. This era brought along new companies, new models, new types of racing, and even brand new types of cars. Some of those new innovations include stock, pro-stock, top-fuel, and funny cars. These four types of cars have greatly impacted the racing world today.

For a business to be successful and have a competitive advantage, it is important to evaluate the company’s resources and capabilities (Pitt & Koufopoulos, 2012). Resources in a company are the productive assets owned (tangible or intangible) whereas capabilities are what the company can do with this (Grant, 2010). “Establishing competitive

In order to identify BMW Group’s internal strengths and weakness, here applied strategic capability which combined three keys of resource: tangible resources, intangible resources, and competences. All of these resources enable a company to attain a sustainable competitive advantage (Dess et al, 2010).

People wondered about this racing many years ago. The cars were very different from today’s formula ones. The question of safety and also the atmosphere of racing was different. It was a risk to drive so fast and a lot of tragic accidents happened. Also the rules have been changed since the first race was held. The rules are very strict today for safety. According

Competitive advantage is explained by Mahoney and Pandian (1992) as the function of industry analysis, organizational governance and the firm’s effects in the form of resource advantages and strategies. In order for a firm to be competitive it must adapt to the volatile business environment and through strategic management decisions establish a competitive advantage that will ultimately produce superior performance relative to its competitors (Akimova 2000).

This study discusses Toyota, General Motors’ (GM), and Tesla Motor’s competitive strategies. These three companies are top leaders in the automotive industry, and this paper focuses on what their current strategies are and how they develop and manage their opportunities. The paper will also address what can impact these three companies, how they protect their company from competitors, and some recommendations for each companies.