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Strategic Business Plan for Tesla Motors

Strategic Business Plan for Tesla Motors. Tesla, Inc. is the company chosen by me for doing the strategic business plan. In 2003 Tesla became the first car company to produce a fully electric vehicle which run solely on batteries and not using any internal combustion engine for traction purpose. Tesla is the only company to sell a zero greenhouse emission cars in successive production. In comparison with the hundred years old internal combustion vehicle industry, Tesla remains a budding and promising industry. In terms of future of Tesla, the Analyst and Investors have remained divided (Mangram, 2012). A SWOT analysis and the strategic priorities helps us to perceive the upgrades that Tesla can take to reap the goals planned in the close to future. Introduction of Enterprise (Business Insights) I have chosen an American company which focuses in manufacturing of Electric vehicle named as Tesla Motors. It was founded by 2 Americans named Martin Eberhad and Marc Tapenning in the year 2003 who were researching on making a sports car which runs on electricity (Erik Gregsen, 2018). Various sources gave funds to the Company as it was a promising start to a new era of vehicle running on electricity instead of gasoline. The Paypal company co-founder Elon Musk in 2004 become one of the biggest stake holder in Tesla Motors by contributing a huge amount of $30 million dollar to Tesla Motors. It was in 2008 that the company launched its first electric sports vehicle named as Roadster. A distance of 394 km could be travelled by the vehicle in one full charged battery. Roadster had a very fast acceleration and could go up to 97 km per hour in less than 4 seconds. Elon Musk took over the Tesla Motors as CEO in 2008 because of the resignation of the founding members. In 2012, Tesla launched its Model S sedan which became popular because of its high performance and design. The first electric SUV launched by Tesla was model X which came out in 2015 becoming one of the luxurious electric vehicles in the market. The demand for an economical car led to the launch of model 3 series in 2017 which could cover a range of around 354 km with a fully charged battery. Elon musk had a wide vision of growing the company into different sustainable sectors and recognized that for homes and businesses there is a need for products run by Solar energy. In the year 2016, Tesla took over the charge of Solar city. In 2017, the company changed its name to Tesla, Inc. to make a sustainable energy ecosystem as they were no longer only into manufacturing electric cars. Tesla has a goal to create a giga manufacturing facility by 2018 at Nevada to produce cheap high-quality lithium ion batteries annually (Tesla, 2018). Vision The Vision statement of a company is the roadmap of the company, indicating the future aims and objectives of company by setting defined steps and directions that will be taken to achieve these specific goals. The vision statement is the inspiration for that company and the agenda for the strategic planning to achieve the goals desired by the company. “ To create the most compelling car company of the 21st century by driving the world’s transition to electric vehicle” is the vision statement of Tesla Motors inc. The statement clearly depicts the goal of Tesla is to shift focus of community to a more green and clean environment by using renewable and sustainable methods majorly in the field of transportation industry. The words in vision statement depict goals, aim and method or direction taken to achieve the future objectives of an organization. The vision to have enterprise excellence and management traits in the agency by using integrated advance technology in cars run on electricity and related sustainable products is depicted by the word ‘most compelling’. The 21st century in the statement refers to the current environment conservation around the globe. The world’s transition to electric vehicle indicates their goals of expansion in future (Hirtenstein, 2017). In whole Tesla’s future goal and objective is to be the leading company in the car industry by using their renewable and sustainable methods and technology to improve the future. Mission statements The mission statement is a sentence describing the footsteps taken to achieve the goals and objectives described in vision of a company. It also describes the company’s role, philosophy, markets and competitive advantages. This can be referred to as small vision of company to achieve the bigger picture. The mission statement is kept in mind while taking decisions by the employee “to Accelerate The World’s Transition To Sustainable energy.” Is the mission statement of Tesla Inc. The statement can also depict an issue that is faced globally. In this statement Tesla refers to the transition towards a sustainable future with increase in use of renewable sources. Tesla aims to use present resources efficiently without hampering the needs of future generation. Their motive is to shift the reliance of people from fossil fuels to a more clean, green and renewable sources. The world is slowly transitioning towards sustainable energy but the process is taking a lot of time hampering more of natural resources. Tesla in their mission statement is intending to speed up or accelerate the process of transition by implementing faster sustainable energy ecosystem. They not only want to change transport sector but also enable house owners and companies to manage their resources in an environment friendly manner. Competitor Analysis The electric car industry is on a boom and by the end of third quarter, the global trend in sales of electric vehicle have seen a rise of around 63% all over the world. The below figure depicts the trends of global electric car sales. The manufacturer of Tesla has faced operating losses every year as reported by the business outlook of Tesla form start. Tesla being the major player in electric car sales has shown tremendous growth over years in car sales but the company is still not making any profits. Tesla has been the dominant force in the field of luxurious and high end electric car manufacturers and is now looking to take over the market for cheap electric cars also. There is a big competition in this field but Tesla ambitions are very high and have a future vision to lead the electric car industry. Tesla is not only focused in electric car industry but is also selling new sustainable technologies to bring the transition to a more sustainable world. The company has great ideas and future vision to make possible a sustainable living in future and would be exciting to see how people invest in this organization. The SWOT Analysis is a great tool to assess the future of company by looking at their strength, weakness, opportunities and threats faced by the company (Dalvagas, 2016). The SWOT Analysis helps us in finding the best way for upcoming expansion of a company (Bernroider, 2002). Strengths The 1st company responsible for the development of a 100% electric car Dedicated Research and Development facilities and manufacturing facilities for vehicles internally within the company Technological superiority in electrical and electronic technology for the development of energy efficient products. Tesla’s Model-3 set forward to multiply the production of the company 5 folds. Parts and equipment supplies to other companies. As a result of the ecological awareness within the population and an increase in demand in the market for environmentally friendly solutions, the company has seen a significant growth in production, achieving good pace simultaneously. As it can be observed from the following illustration, there has been a drastic increase (about 75%) of Tesla’s Model S deliveries in Quarter 4 in comparison to the Quarter 1 of the year 2015. This steadily accelerating growth of sales could be accredited also to the establishment of higher numbers of supercharging stations as well as service centers all across the globe. With the recently introduced, economically priced Model-3 it is expected that Tesla’s production growth is estimated to multiply five or even tenfold in the near future. The above graphical illustration represents the quarterly growth trends of Model X and Model S. The Model 3 is expected to be a game changer for the profits of the company as it is coming out as an economically priced car in the sedan section that has been designed to be sold in the mass market. Weaknesses New innovations in technology lead to higher costs thus higher prices of products. Higher costing Spare parts. Market Competition with newer innovations. Weaker distribution network. The market is pretty niche with both positive and negative outcomes. Maintenance of the fueling network. With innovations in sustainable living becoming the latest market trend, Tesla has made huge investments in its research and developments sector. Higher investments have also led to the automaker’s vast expansion that too in a very small period of time. The most recent investment has been made for the development of its Giga-factory for the manufacturing of battery packs and lithium cell batteries in the state of Nevada USA. This has led to the company showing a negative free cash flow and earnings since its IPO. The company was forced to sell some of its sales as of March 2006 because of 2.5 billion dollars’ worth of long-term debts. The payment of interests on the debt is higher in comparison to the cash flow that is currently insufficient thus leading to a very volatile growth trend at present. The current distribution of Tesla is quite weak as they don’t have their own car dealership and therefore sell directly to customers which in turn leads to the higher costing vehicles. In comparison to other hybrid vehicles, the manufacturing costs for the spare parts of these vehicles are significantly higher. The installation of High-speed chargers for the quick charging of vehicles with their own maintenance unites proves to be another challenge (Kissinger, 2018). Due to the transition towards sustainable development, the competition between various electric vehicle or hybrid vehicle manufacturing companies has become immense as well as making it difficult for new companies to compete with well-established automobile manufacturers Therefore, to predict the market trend of a fully electric vehicle is quite a difficult task knowing that the electric vehicle market is still in a very niche sector. Opportunities Technology is Innovative Increase in oil prices leading to rise in the use of electric vehicles There is a vast potential in international market People are supporting the idea of going full electric The only company to provide full energy solutions for domestic and transport use is Tesla To begin with, Tesla built the first sports car running on electricity in 2003 named Roadster. The next step was to make a luxury sedan and SUV’s which are reasonably priced. Tesla built Model S and Model X in 2012 and 2015 with the help of constant research and investments. The selling price of model S and model X was high around $100,000 and model 3 with a price of $35000 is much cheaper than the other two. The other luxury car brands like Mercedes Benz and BMWs have quite competitive prices with Tesla. The model 3 is the only available option in this price range, and with this features and company is targeting to manufacture around an estimate of 80,000 cars. The battery manufacturing giga factory of Tesla at Nevada will increase the profits of company more by using those batteries in electric vehicles. By using these batteries in manufacturing electric vehicles will reduce the battery cost by 30% which will add to more earnings for company. The model 3 will have greater space for manufacturing because of the Gigafactory. The Gigafactory will help in reducing the price of model 3 in future because of increase in efficiency of manufacturing. The community supports the company which brings innovation by using clean energy methods without harming the environment. The need for increase in innovation in sustainable products has happened because of the increase in international oil prices. Tesla is leading the market of innovative sustainable products for transport and domestic use because of increase in the global demand of inexpensive energy price. The trend of sustainable energy market is showing positive results. Threats Government around the world is not supportive enough for encouragement of electric vehicle. There is a lot of competition from already established car companies. There is uncertainty for sources of funding for manufacturing 5,00,000 cars. The car market is exceedingly aggressive for Electric cars. There is immense competition from enterprises like BMW, Audi however lower price companies like Nissan leaf and chevy bolt are also in competition. They all have been in this field for a long time with higher producing and marketing capabilities. Tesla needs to be successful in competing with these car organizations on massive scale production. Another danger that Tesla is facing is funding for its formidable design to produce 500,000 vehicles. As of March 2016, Tesla was reported with $1.5 billion of funding which was way less than the total amount needed for the project. Equity offering and debt funding are some suggested ways to increase funds for the company. Identify Key strategic priorities The strategic priorities are the universal arching things to do that help guide the group within the organization. By placing the priorities, the personnel can invest time for a purposeful project instead of waste time. Subsequently, the organization will move onward in the right path. In their 13 year of existence, Tesla has launched only four cars. The preorder of Tesla model reached massive number of at least 400,000 cars by mid-May 2016 (Thompson, 2016). To meet the targets of preorder, A strategic priorities were announced for next two years, They are as below: By 2020, complete building the Gigafactory which will help in decreasing the battery cost by 30%. Ensuring the timely production of forthcoming model 3. To increase the distance covered by a car in a single charge of battery to 1000 kilometers in next three years. By 2018 Tesla aims to produce fully autonomous vehicles. In order to match production of 400,000 cars by 2020 Tesla kept a target of producing 50,000 cars per year by 2018. The CEO of Tesla aims to increase the production of Tesla cars to 5-fold over the next 2 years. The high demand of model 3 lead the company to reconsider their targets. They kept goal of producing 1 million cars by the end of 2020. Strategic Goals Initiatives Market expansion has become a crucial requirement for further progress of Tesla Motors in the automobile industry. Targeted customer should be mid 20’s and early 40’s aka Y generation. Key investment should be placed in improvement of existing services and innovating new products through heavy emphasis upon research and development (RStrategic Business Plan for Tesla Motors
American Literature?.

WEEK 8 FORUM: WHAT IS AMERICAN LITERATURE?For Parts I and II, focus on a different assigned reading from the course syllabus and quote passages to illustrate your observations. PART I: Identify the reading from this week which resonated the most with you. Discuss your reaction or connection to the piece. “What you Pawn I will Redeem” by Sherman Alexie… PART II: Based on all the readings done up to this point, what, in your opinion, are the most important characteristics that distinguish American literature? Do you think that our literature is a good representation of ‘American Identity’? Refer to at least one specific reading to answer this question. Quote passages from the reading to illustrate your observations. “The Long Way Home” by Lahiri Jhumpa Article is attached! Citation: Lahiri, Jhumpa. “THE LONG WAY HOME; COOKING LESSONS.” The New Yorker, vol. 80, no. 25, Sep 06, 2004, pp. 083-84, Military Database, PART III: Which contemporary author do you think will represent the early 21st century in an American literature class of the future? What do you think this writer brings to the table that is representative of American life or that shows a distinct and important cultural trend or message/theme that is worth studying? Refer to specific works to illustrate your claims. You can choose an author that is easy for you to write about. SUBMISSION INSTRUCTIONS: SEE FORUM RUBRIC FOR DEADLINES AND DETAILS INITIAL POST must meet the 200-word minimum requirement. For Parts I and II, include quotes from the assigned readings with MLA in-page and bibliographical citations. Balance answers: give each part equal attention.
American Literature?

Introduction In poetry analysis, one is required to investigate and speculate on the content, form as well as history of a written poem. This also applies to other forms of literary analysis such as short story and play analysis. In the process of analysing such a text, an individual appreciates the piece of work by highlighting what the poem is all about (Kennedy 41). Poetry can therefore be approached by different people from different perspectives including teachers as well as writers in an attempt to analyse the art. In the case of a teacher, analysis is done to capture the broad concept of the poem as well as the underlying themes. In this form of analysis, the teacher also seeks to understand the unfolding events in the poem for the benefit of the students. In other words, the teacher is trying to look at the plot in the poem. On the other hand, a writer has to learn about the various aspects of the piece of poetry so as to inform the other critics on what was used to write the poem and discern all the forms of poetry. At the end of the day, the writer will have to appreciate either negatively or positively a number of poetic elements in the piece of work analysed (Harrison 17). The author of this paper is going to analyse the poem titled “Brill Fragile Fantasy”. The poem was written by Hirsch Edward and it talks about how Brill regards himself as a successful human being in all circumstances. However, a critical analysis of the poem will reveal that this is not exactly the case. From the poem, it is clear that in an awkward position and the only thing that the reader can do is to pity him. The author of this paper will make reference to specific sections of the poem by quoting them directly. The Poem One can start analysing the poem by referring to the opening made by the author. Hirsch opens the poem using the provocative statement “Fragile Fantasy”. This statement also serves as the heading or title of the poem. In the heading the writer gives the name of the character that which is represented as one based on fantasy from the beginning. As one continues to read the poem past this provocative heading, it becomes apparent that the character is truly living in a fantasy world. It is to be noted that a character in this case is the person who takes the figurative and significant part in the poem (Roberts

Journal: My Diet Assignment

Journal: My Diet Assignment. I need help with a Health & Medical question. All explanations and answers will be used to help me learn.

make sure to answer all questions below
this should be an original work so don’t plagiarise!!
Introduction: Download the Word document to complete this assignment.
One of the most telling activities you can do is write down what you eat and drink every day. You will get the most out of this activity if you don’t make an effort to change foods for healthier choices, just eat the way you normally would eat.
Day 1: (10 points)
Write down the foods you eat, the portion size, and all of the drinks you have with their portion size. Do your best to estimate how much you consume. Do not wait until the end of the day to write down what you eat; keep track as you go through the day. Include everything such as a nibble of candy from a candy jar or foods eaten while preparing your meal.
Day 2: (10 points)

Go to My Plate Plan:
Enter your data in “Get Your MyPlate Plan”
Click on your calories to see your suggested eating plan.
How much should you consume daily from each of these groups? Give some examples:

Day 3: (10 points)
Keep track of your diet for one more day. Try to meet your target for each group. Write down your food choices.
Journal: My Diet Assignment

International Development homework help

help me with my homework International Development homework help. This is a paper that is focusing on the connection between an advertisement and rhetorical context. The paper also provides an additional description to use in writing the assignment paper.,The connection between an advertisement and rhetorical context,ASSIGNMENT DESCRIPTION: Write an essay of 750-950 words (roughly 3-4 pages) in which you use one or more advertisements to explore the connection between an advertisement and its specific rhetorical context. You will select between one and three advertisements from a single campaign, treating it/them as products of a specific social, political, cultural, and/or ideological context. Focus in particular on the relationship between the specific context under investigation, and how your ad(s) sought to conform to the expectations and constraints of its intended audience.,This requires that you: Describe the historical context. You will need to do research to support your historical framing. Identify the organization responsible for the ad campaign, and provide some basic background information about them. Identify the target audience (in Tag’s terminology, “The Who” (23) for the ad) and describe how their beliefs, attitudes, and values were likely shaped by their particular relation to the contexts you have identified. Analyze how your organization sought to conform to their historical situation (in Tag’s terminology, “The What”). How did they adapt, or fail to adapt, to the relevant contexts you identify? Explain in general terms what advertisers faced with similar contextual demands today can learn from your case study.,You may use an advertisement of any medium. You MUST INCLUDE a copy of, or a link to, the advertisement(s). Your paper MUST ALSO INCLUDE proper in-text citations (parenthetical citations or footnotes are fine, just be consistent). Also, a properly format bibliography with at least 5 reputable academic sources. (i.e., sources that you find though the library, not an internet search) that reflect your research. You MUST ALSO cite your advertisements, but they do not count as sources.,.International Development homework help

San Diego State University Social Issue of Online Bullying Paper

San Diego State University Social Issue of Online Bullying Paper.

As technology advances, new social issues arise regarding the way individuals interact through this technology. As a society, we face challenges related to how these interactions affect our thoughts and behavior. By applying personality theories, we can seek to further understand the causes for these issues. Through understanding the causes, we can create possible solutions to help improve human interactions in society.Research a technology-mediated social issue related to one of the following:online bullyingsocial media interactionsonline communicationsonline purchasesonline scamsadolescent use of social media and text messagingonline dating sites and appsonline gamingWrite a 1,400- to 1,750-word proposal for a solution to this social issue by applying either the social cognitive or cognitive social learning personality theories to explain human behavior related to the issue. Include the following in your proposal:A description of the issue and explanation of how technology has contributed to its development. Support your explanation with research.An explanation of human behavior related to online social engagement and learning.Possible reasons for this social issue in society based on your explanation of behavior.An application of your chosen personality theory to propose possible solutions for this issue.Include a minimum of 3 references.Format your proposal according to APA guidelines.Submit your assignment.
San Diego State University Social Issue of Online Bullying Paper

Why Does Conflict Occur in the Employment Relationship? Essay

Table of Contents Introduction Application of Theories in Analyzing Workplace Relationship Developing a Quality Workforce Maintaining a Quality Workforce Conclusion Reference List Introduction Work is basic to the individual condition. It establishes what we accomplish during much of our active lives. It encourages human interaction and it enables people to establish their sense of uniqueness. It enables people to fulfill their material needs and to benefit from modern inventions and achievements of civilization. “Our views towards work and its management have undergone significant changes over the past couple of decades, with much of it being the product of national contexts being increasingly subject to global economic influences” (Abbott 2006, p. 187). As a result, Administrators should try to devise better organizational strategies that can enable them to deal with workers efficiently. This paper examines causes of conflict in employment relationship with specific reference to Wal-Mart Company. One of the evident challenges in many organizations and companies is the occurrence of disagreements among employees and their managers. Workers can settle disputes that strain their relationships through various mechanisms. Generally, “most squabbles in organizations often revolve around issues related to wage demands, terms of service, administrative strategies, and company goals” (Dunlop 2008, p. 276). In broad terms, “employment relationship is concerned with the theory and practice associated with the management and regulation of the employment relationship” (Dundon 2007, p. 234). Specifically, it deals with social and sometimes political aspects of the workers association and the sharing of authority between the administration and workers. It is also concerned with the occurrence and expression of disputes and the legal and social regulatory structure in which workers relationships exist. Employment relationship is a modern expression that defines industrial relations. Industrial relations generally refer to the upholding of the association that exists between labor organizations and administration, and related processes that encompass collective bargaining, dialogue and discussion and industrial dispute (Daniels 2006, p. 24). The application of the expression ‘employment relations’, instead of industrial relations indicates the socio-economic and legal progress made in the employment relationship that have been witnessed over the past few decades (Stone 2005, p. 124). Disputes usually arise in employment relationship due to the absence of consultation by administrators with their laborers. Get your 100% original paper on any topic done in as little as 3 hours Learn More For example, workers can frustrate the restructuring plans of a company if they are not involved in making such decisions. “Since participation is often concerned with negotiation, conflict may occur between employees and management, particularly, where employees participate in higher-level decisions and differing interests are most likely to be visible” (Stone 2005, p. 127). Wal-Mart is a leading retail chain in the United States of America. Founded in 1962, the company has since doubled its fortunes to become the dominant player in North America’s retail industry. Wal-Mart has since opened 3,800 stores in America and 2,800 stores across the globe. In 2010, the company hosted over 2.1 million workers in America and other parts of the world. Notwithstanding its financial fortunes, Wal-Mart has faced serious challenges in managing its multicultural and large labor force. It has not been able to provide a work environment that meets the expectation of its workers and the public. Wal-Mart’s failure to manage its human resources appropriately has had negative effects on its reputation and financial performance. Thus, there is a need to make changes in the company’s human resources management system. Application of Theories in Analyzing Workplace Relationship A number of theories can aid the analysis of the causes of conflict in employment relationship. The Unitarism theory begins from a number of suppositions and values which states that employment dispute is a preventable feature of interactions between administrators and workers. Disputes in the work environment may occasionally occur between these two parties, and they are an irregularity in a relationship, which is intrinsically likely to be helpful. “Those holding this perspective perceive managers and employees as having a common interest in the survival of their organizations, such that when conflicts occur it is unlikely to manifest itself to a point that will render the firm insolvent” (Fox 2006, p. 56). Personality challenges, unsuitable staffing, and promotion activities, usually cause separations and lack of unity in an organization. A rational administrative team should eliminate potential causes of disputes that may interfere with the normal operations of an organization. We will write a custom Essay on Why Does Conflict Occur in the Employment Relationship? specifically for you! Get your first paper with 15% OFF Learn More In other words, the management team should execute impartially and equitably staffing and promotion activities. Administrators should establish proper communication channels and alert workers about the core interests of the organization. Human relations theory that is guided by unitarism will form the basis of analyzing the employment conflict at Wal-Mart. Human relations theory states that minimizing workplace disputes depends on the capacity of workers to gain self-satisfaction in the organization. In this case, employees are a distinct entity from other materials applied in the production (Legge 1995, p. 345). Thus, “if workers are denied autonomy on the job, or are reduced to acting as mere extensions of the machinery they operate, it is argued that they will invariably find ways to subvert the methods of control that enforce these conditions” (Gennard 2002, p. 202). The most important job of administrators is to influence industrial relations to make workers feel comfortable in serving in an organization. In addition, workers should contribute on matters related to the management of the organization (Beardwell