The Strategic Management Fundamentals

Please answer each question as thoroughly as possible, providing rich detail from our lectures, readings, and discussions. The organization of your answers, the complexity of your analysis, and the clarity of your critical thinking are the key elements of your evaluation.

Requirement – ten pages is your minimum target; dig deep into the readings and lectures; provide unique insight; reach for high-level analysis, presentation and formatting; use 12-point, Times New Roman font; double- space; use endnotes to cite your sources using full APA bibliographic formatting including page numbers; pay attention to details;

Company: Tesla

1. On the Strategic Management Fundamentals
   1. We have said that strategic management is an evolution and a destination. What does this mean? Discuss in detail and in your own words, what is strategic management?
   2. Provide three examples of how your company is or is not a ‘strategic management’ firm. Be specific.
   3. Lastly, clearly and succinctly define your company’s mission/vision statements, the central corporate values, and the 2021goals and objectives of the firm. Attention to detail is important.
2. On Corporate Governance –
   1. Identify and discuss three traditional roles of the board of directors. Incorporate your own philosophy of the term corporate responsibility – in other words, what is/are the corporate responsibility(ies) of your company?
   2. Define the most urgent governance issues impacting your team company’s board – what are they doing to manage these important issues?
   3. Lastly, identify and evaluate a major philanthropic initiative/program to which your company contributes or leads that aims to do good while also helping the firm do well.
3. On Competition – The Five Forces & The Blue Ocean
   1. We have said that competition forces society to deliver superior value at all levels – socially, culturally, politically, and economically. Identify and discuss your team company’s competitive advantage and core competency – in essence, the magic sauce that makes the company stay in the game.
   2. Provide a descriptive discussion of the Porter’s Five Forces Model of your team’s company and include what Wheelen and Hunger call the sixth force in your analysis.
   3. Kim and Mauborgne argue that sustaining a “competitive advantage” is to make the competition irrelevant – hence, the blue ocean Identify and discuss what must be done to achieve or sustain your team company’s position in a ‘blue ocean’. Pull from the readings to support your response while identifying the factors of competition and a specific four actions framework model.
4. On the Value Chain –
   1. Identify and discuss the business model that best describes your team company.
   2. Provide a descriptive overview of the various components of Porter’s value chain model as they apply to your CEO company. Identify the areas within the value chain needing to be strengthened. Ultimately, what is your firm’s profit margin targets and your rationale for these benchmarks? In other words, what are you doing to improve your profitability targets?
   3. Lastly, what are the central pillars of your CEO company’s corporate theory? Identify the company’s assets and activities that are rare, distinctive, and valuable.
      1. Pull from Zenger to support your response while providing an illustrative model of the company’s corporate theory as well.
   4. On General Strategy –
      1. Define and discuss your company’s current business strategy – in other words, what best defines how you compete in the marketplace? What resources are needed to strengthen your competitiveness?
      2. Define and discuss your company’s current corporate strategy – in other words, what best defines the board’s directional vision of the entire company? What headwinds must be overcome to maintain or strengthen the firm’s sustainable growth?