The case study discusses the dynamics of the global EV industry and Volkswagen’s efforts to challenge Tesla’s supremacy.To understand the developments and advancements in electric vehicle market – “Buying a Trend or the Technology?”, http://maclendon.com/tesla-update/ (Links to an external site.)Links to an external site., May 2017
you should answer this 4 KEY QUESTIONS:( about Q3 I attach my friend answer please do not use it as it is you should paraphrase it)
- Definition of Business Model: “How an organization interacts with its environment to define a unique strategy, attract the resources and build the capabilities required to execute the strategy, and create value for all stakeholders” (Source: Corporate Information Strategy and Management, by Applegate, Austin, and Soule). Based on this definition, analyze the drivers behind Tesla’s success to expand its position and reinvent its business model.
- Provide insights into how Volkswagen aims to unset Tesla in the electric car market.
- Reflect on the statement of VW CEO Herbert Diess at https://electrek.co/2017/05/09/vw-ceo-electric-car-tesla-model-3/ (Links to an external site.)Links to an external site. – “We are confident that in this new world we will become a market leader,” he added. “[Tesla] is a competitor we take seriously. Tesla comes from a high-priced segment, however, they are moving down,” Mr. Diess said, referring to the $35,000 Model 3, which enters production this summer. “It’s our ambition, with our new architecture, to stop them there, to rein them in.”
- If you had the chance to interview Elon Musk the CEO of Tesla, what would you want to know?