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Course - MGMT-44285-004-201980: INTEGRATED BUSINESS POLICY/STRATEGY The question is from chapter one and the course is...

Course - MGMT-44285-004-201980: INTEGRATED BUSINESS POLICY/STRATEGY

The question is from chapter one and the course is Integrated Business policy and strategy

Chapter 1 Strategy

Chapter Case 1 Question no 3

Apply the three-step process for crafting a good strategy outlined in the chapter to each element of the new master plan. On which steps of the new master plan has tesla made the most progress? Explain. Also, which recommendations would you have for Elon Musk? Support your arguments with examples and observations.

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The step that Tesla has made the most progress on would be the Autonomy of the vehicles being self driving. They seem to have coherent actions for obtaining this goal in their master plan. They’re updating and working on the software every single day. Even without the regulatory approval needed to fully deploy autopilot in their vehicles, Tesla continues to work on it. By implementing a beta into its vehicles, customers will be able to somewhat experience the real thing. Tesla is aiming to create safer driving for people, and they believe this to be capable through autopilot. With the technology available early to customers, there is possibility of the market for electric vehicles will expand. And other companies will se this too. Tesla is keeping themselves, hopefully, one step ahead of the others.

            My recommendation for Elon Musk would be to continue with the implementation of his master plan. Sustainable energy is important to develop and implement if we expect our planet to live a long time. We have to think about the future. You can see it now with global warming that there’s an issue that needs to be resolved. Fossil fuels are not only a source of energy we’re running out of, but they’re also harmful to the atmosphere. Tesla isn’t a company that is centered around releasing luxury cars and making a profit. They’re a company looking to help save the planet.Musk has stated that Tesla’s vision is “to accelerate the advent of sustainable energy.” It seems to me that Tesla has not lost sight of its vision, and will continue to follow it.

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