As the fifth biggest player in the global automobile market, the company needs to maintain high productivity and effective support for technological and process innovation.
Public Domain Tesla Inc. For example, Tesla Inc. The conditions of the remote or macro-environment change, requiring the company to change its strategies accordingly.
This condition indicates effectiveness in addressing the external factors in the remote or macro-environment of the business. Strategic management solutions must correspond to such variety. Thus, it is imperative to identify and address the most significant of the external factors from these business environments.
Governmental entities are among the main societal forces that affect businesses and industries. In this external analysis case, the following political external factors are significant to Tesla and the automotive and energy solutions industries: Governmental incentives for electric automobiles opportunity New global trade agreements opportunity Political stability in the majority of major markets opportunity Tesla, Inc.
These conditions include market growth, trade levels, currencies, and other variables that influence the automotive business. Tesla needs to address the following economic external factors that influence the automotive market: The business improves as renewable energy solutions become more popular.
Increasingly popularity of low-carbon lifestyles opportunity Increasing preference for renewable energy opportunity Improving wealth distribution in developing markets opportunity This company analysis shows opportunities to grow the multinational automotive business. In addition, Tesla has an opportunity to boost its financial performance based on the increasing wealth distribution in developing markets.
The following technological external factors are significant in Tesla, Inc. However, the same external factor threatens the company in terms of the potential rapid obsolescence of technologies used in its products. For example, Tesla has growth opportunities through further automation of its business processes.
In addition, the increasing popularity of online mobile systems should prompt the company to increasingly integrate these systems in its automobiles. For example, the company has opportunities to promote its electric vehicles based on concerns on climate change, expanding environmental programs, and rising standards on waste disposal.
Laws and legal systems shape managerial decisions and business development. In this case of Tesla, Inc. Also, the business has an opportunity to grow through direct sales, which is allowed in many states in the U. Thus, the corporation must also consider its business condition relative to other automakers and energy solutions providers.
For example, free trade agreements make it easier to expand internationally. Thus, a recommendation is for the company to globally expand its operations.
It is also recommended that the business increase its marketing aggressiveness to increase its market share, especially in countries other than the United States. This move could reduce market-based risk, considering that Tesla has limited sales operations in overseas markets.
Housing Industry Association Japan. Group 2 Anish Thomas Rini Rajan Lisa Thomas PESTEL ANALYSIS Political • e-governance initiatives - greater transparency to Japanese politics and improve political administration • diplomatic row with North Korea - provocative actions have led to the destabilization of peace in the region.
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MGM Resorts International PESTEL analysis is a strategic tool to analyze the macro environment of the organization. PESTEL stands for - Political, Economic, Social, Technological, Environmental & Legal factors that impact the macro environment of MGM Resorts International.
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