MANAGEMENT

BUISENESS MANAGEMENT

BUSINESS PLANNING

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Elon Musk is both Chairman of Tesla (Electric Cars) & Solar City (Solar Planels). When doing SWOT analysis this is an examples of:
A
Strength
B
Opportunity
C
Weakness
D
Threat
Explanation: 

Detailed explanation-1: -Tesla’s Opportunities The opportunity section of this SWOT Analysis emphasizes the emerging chances of growth for the company. It is an external factor which, when identified, can help Tesla to improve its business performance, management structure, and strategic growth and other aspects.

Detailed explanation-2: -One of the greatest strengths that Tesla has to offer is that they deal with two of the largest markets: premium luxury cars and eco-friendly electric cars.

Detailed explanation-3: -Tesla PESTEL analysis involves the analysis of potential impact of these factors on the long-term growth prospects of the alternative fuel vehicles manufacturer. There is a wide range of political factors that can potentially affect automobile manufacturers.

Detailed explanation-4: -Tesla’s business performance benefits from lower battery costs. For example, this external factor translates to affordability of the company’s electric automobile products. This PESTEL/PESTLE analysis also considers decreasing renewable energy costs as an external factor that makes Tesla’s products more attractive.

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