Please reply to the following two classmates discussion post each reply only needs to be 125 words- I will provide the orginal assignment below as well:
- Identify three resulting strategic opportunities that the company (Tesla) might consider.
- For each opportunity, describe the following:
- An overview of the strategic opportunity
- Whether the strategic opportunity is offensive (based on utilizing strengths or pursuing opportunities) or defensive (mitigating weaknesses or avoiding threats)
- Finally, describe how you would rank the three identified opportunities in terms of the potential to add value to Tesla. Explain your rationale.
Reference
365 Financial Analyst. (2023, September 1). Tesla SWOT analysis [Video]. YouTube.
https://www.youtube.com/watch?v=I7CT8Ox_Gcg
Center for Community Health and Development. (n.d.). SWOT analysis: Strengths,
weaknesses, opportunities, and threats. Community Tool Box. University of Kansas.
https://ctb.ku.edu/en/table-of-contents/assessment/assessing-community-needs-and-
resources/swot-analysis/main
Michaels Post: The first resulting strategic opportunities that the company (Tesla) might consider is being the leader into transitioning into fully in the electric vehicle industry as they are strongly in the electric industry. It would give them the upper hand compared to Ford or Chevrolet because they innovated their own mechanism and their own identity in the electronic industry. They have potentially the most evolved concept compared to the other automotive brands. The strategic opportunity would be offensive because their main identity or reputation is how unique their design and concept is. They recently designed and produced the cyber truck which became another option for the buyer to consider if they want something bigger. The second opportunity would be expanding to other products as they are slowly expanding into other areas such as the astronomy section or the needed charging stations for its vehicles. The strategic opportunity would be having the support from different industries to help build the empire that Tesla is. They have the capital and reputation to take over other parts of industries while building on top of their empire which is Tesla. The strategic opportunity would be offensive because they are trying to not just be known for electric vehicles but other mechanisms such as the charging stations. It would provide the opportunity to expand their business into other areas due to already having the foundation from the electric vehicles. It leads to the third opportunity which would be merging all of the side companies into one big giant organization with different backgrounds. The strategic opportunity would be getting stronger on the market from astronomy to the engineering aspect by knowing how their battery works and being able to provide the charging stations to recharge the batteries by not having to contract with different company. The strategic opportunity be defensive because by merging into one company it would cover up the weaknesses of all the companies by taking something from each company and implementing it as it may fix a weakness.
I would rank the three identified opportunities in terms of the potential to add value to Tesla in the same order because knowing down the line the vehicles will potentially change into electric and probably for Tesla it feels good that when the time comes they are ready to compete in the industry. It is good to focus on one concept before moving into a totally different field because you want to master one plan in order to have the foundation to start the next chapter. Sometimes when you start a particular business the light bulb turns on and you start to develop other ideas that will help in developing the original plan. Finally, when you have all cylinders working it is a good idea to merge all companies to strengthen your identity and become a overall dominant brand.