You and a group of enthusiastic colleagues have recently graduated from university, and are eagerly discussing a possible joint entrepreneurial venture, focusing on the production of environmentally friendly electric vehicles. To fund this new venture, the team has been advised to come up with a solid implementation plan, supported by the strategy implementation framework to include detailed information on the business concept, strategic vision, mission, revenue model, financial objectives, and projections and much more. The rising use of hybrid and environmentally friendly electric vehicles (EVs) represents a significant shift in the automotive industry, with various factors contributing to its increasing popularity, environmental awareness and climate change concerns topping the list. Considering how competitive the business sector is today, it is important that you also consider various alternative organizational strategies, as well as develop a sustainable competitive advantage, to remain financially viable. Organizational Strategy a) Based on the categories of alternative organizational strategies discussed, you are required to do the following: Select two appropriate categories. Identify one strategy from each category which you plan to pursue to ensure success applicable to the scenario presented. Explain how the product or service you are offering would be implemented through each category.
You and a group of enthusiastic colleagues have recently graduated from university, and are eagerly discussing a possible joint entrepreneurial venture, focusing on the production of environmentally friendly electric vehicles. To fund this new venture, the team has been advised to come up with a solid implementation plan, supported by the strategy implementation framework to include detailed information on the business concept, strategic vision, mission, revenue model, financial objectives, and projections and much more. The rising use of hybrid and environmentally friendly electric vehicles (EVs) represents a significant shift in the automotive industry, with various factors contributing to its increasing popularity, environmental awareness and climate change concerns topping the list. Considering how competitive the business sector is today, it is important that you also consider various alternative organizational strategies, as well as develop a sustainable competitive advantage, to remain financially viable. Organizational Strategy a) Based on the categories of alternative organizational strategies discussed, you are required to do the following: Select two appropriate categories. Identify one strategy from each category which you plan to pursue to ensure success applicable to the scenario presented. Explain how the product or service you are offering would be implemented through each category.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Question
You and a group of enthusiastic colleagues have recently graduated from university, and are
eagerly discussing a possible joint entrepreneurial venture, focusing on the production of
environmentally friendly electric vehicles. To fund this new venture, the team has been advised to
come up with a solid implementation plan, supported by the strategy implementation framework
to include detailed information on the business concept, strategic vision, mission, revenue model,
financial objectives, and projections and much more. The rising use of hybrid and environmentally
friendly electric vehicles (EVs) represents a significant shift in the automotive industry, with
various factors contributing to its increasing popularity, environmental awareness and climate
change concerns topping the list. Considering how competitive the business sector is today, it is
important that you also consider various alternative organizational strategies, as well as develop a
sustainable competitive advantage, to remain financially viable.
Organizational Strategy
- a) Based on the categories of alternative organizational strategies discussed, you are required to do the following:
Select two appropriate categories.
- Identify one strategy from each category which you plan to pursue to ensure success applicable to the scenario presented.
- Explain how the product or service you are offering would be implemented through each category.
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