Businesses are diverse in America. They range in size from the huge multinational corporation employing thousands of people to the self-employed individual
introduction Businesses are diverse in America. They range in size from the huge multinational corporation employing thousands of people to the self-employed individual. They include large and small businesses, home-based businesses, Internet-based businesses, and corporate and family farms. Businesses are a vital part of the American economic engine. They supply goods and services to the world. Consumption of business output is the primary driver behind the growth of the nation's gross domestic product (GDP). Businesses also provide opportunities for employCapitalism encourages business growth. However, businesses can become so large and powerful that they trigger concern about lack of competition within an industry. Corporate fraud and accounting scandals have eroded the public's trust in the integrity of "big business." American society also has certain expectations regarding the effects of business on the environment, local development, and public welfare and well-being.ment , wealth-building, and investment.
When the first colonists arrived in America, they traded in furs and food with the native peoples and exchanged American resources for goods from other countries. The primary industries were agriculture, timber harvesting, and ship building. Manufacturing gradually grew in importance as the United States became an independent country and underwent the Industrial Revolution., agriculture accounted for 22% of national income in 1869. Other major sectors were trade and manufacturing (15% each), services (14%), and finance, insurance, and real estate (12%). The U.S. Census Bureau reports that by 1929 the contribution of agriculture to national income had shrunk to only 12%, while manufacturing had grown to 22%. By the mid-1950s agriculture accounted for only 5% of national income, while manufacturing had grown to 31%. Over the next half century, the United States underwent a gradual change from dependence on manufacturing as its primary business to reliance on service industries. As shown in Figure 1.9 in Chapter 1, services accounted for only 10% of national income in the mid-1950s. By the beginning of the twenty-first century, service industries dominated the American business world.
Introduction
Tesla Inc. was an American start-up powered by Silicon Valley. Tesla was named after Nikola Tesla, who was a very successful inventor and scientist of his time. He had remarkable achievements in Radio technology and electrical engineering of Serbian descent.
Tesla, Inc., which was Tesla Motors Inc. in the former days, has reached the heights of success as a dynamic automotive and energy solutions organization. It is famous for its innovative approach in the market because of its dominant position worldwide.
Tesla has emerged as one of the most discussed and analyzed companies among business enthusiasts. This SWOT analysis of the very organization will reveal all the significant insights regarding every factor of Tesla business model. Moreover, the overall results of this analysis also include strategic reforms in light of all the SWOT factors, i.e., strength, weakness, opportunities, and threats.
So let’s dig and find out what are the factors which affect this incredible organization’s competitiveness in the global automotive markets.