Strategy Formulation And Implementation
You have already selected strategies to implement for the company you chose. In a brief 3-4 page paper, describe what should be done to foster successful implementation of your chosen strategies. Be sure to examine both people and organizational considerations.
Your strategy implementation will become part of your overall strategic plan. For details on the paper, view the Strategic Plan – Introduction page located in Module 02 of this course.
Your final paper requires proper in-text citations and a references page.Proper APA formatting should be utilized throughout your paper.
Save your assignment as a Microsoft Word document.
Running head: COMPANY SELECTION 1
COMPANY SELECTION 3
Company Selection
Name
Institution
Company Selection
My company of choice for the development of strategic management plan is Tesla, Inc. is an American manufacturer of electric vehilcles, solar panels, and energy storage. It is headquatered in Palo Alto, CA. The company was founded in 2003 and has fast risen to be a leading manufacturer of electronic products. It is the only company that has achieved considerable success in manufacture of electric vehiles throughout the world. It has a sustainability management plan that is the basis of strategic business management (Porter & Heppelmann, 2014).
My choice of Tesla, Inc. is influenced by the fact that the company’s business model is unique as compared to other vehicle and electronics manufacturing companies. It ideally has control over the whole process of manufacturing and distribution of various products. The growth strategy of the company is driven by the worldwide increase in demand and adoption of electric cars and the need to attain green energy. The company has employed a nonconventional supply chain management strategy that may be most appropriate for my case. Ideally, the strategy consist a technique of cutting production and management costs while maximizing on the profits. The management strategy must take into consideration the complexity of activities that takes place in the company (Hill, Jones & Schilling 2014). The production stage of Tesla products requires high strategic management skills that can be useful in running different industry process. It requires many strategies targeted at achieving highest levels of quality control. The company undertsatnds and incorporates various aspects in management as regarding to the ever changing infrastructure of the industry.
References
Hill, C. W., Jones, G. R., & Schilling, M. A. (2014). Strategic management: theory: an integrated approach. Cengage Learning.
Porter, M. E., & Heppelmann, J. E. (2014). How smart, connected products are transforming competition. Harvard Business Review, 92(11), 64-88.
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