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View attached explanation and answer. Let me know if you have any questions.المملكة العربية السعوديةوزارة التعليمالجامعة السعودية اإللكترونيةKingdom of Saudi ArabiaMinistry of EducationSaudi Electronic UniversityCollege of Administrative and Financial SciencesAssignment 2Strategic Management (MGT 401)Due Date: 12/11/2022 @ 23:59Course Name: Strategic ManagementStudent’s Name:Course Code: MGT 401Student’s ID Number:Semester: 1CRN:Academic Year:2022-23-1stFor Instructor’s Use onlyInstructor’s Name:Students’ Grade: /15Level of Marks: High/Middle/Low1.Tesla provides high-performance cars that outdo other firms’ traditional designs and vehicles. Its primaryfocus is innovation and efficiency to enhance maximum satisfaction for consumers. The firm providesthese high-priced electric vehicles that offer a luxurious experience to the users. The focus on electric carsis a strategy to meet modern environmental demands. It is imperative to ensure there is limited emissionof toxic gases to the environment (Khan, 2021). Thus, they can meet the overall corporate socialresponsibility and maintain their standards as an efficient firm around the globe. Tesla has a large pool ofconsumers willing to experience electric vehicles and improve their lifestyles. The firm also explores othersectors, such as space exploration, which sets it aside as a top innovative firm. They have technicalexpertise that aid in constructing and designing concept cars. Thus, they can meet the preferences anddesires of the consumers.2. Use the five forces matrix• Capital requirements• Economies of scale• Government policies• brand loyalty• Largenumber of top suppliers• Uniquesness of products.• Lack of ability to substitute• Number of customers• Buyer’s ability to susbsitute• Differences betweencompetitors.• Information availability.Threats ofnewentrantsBargainingpower ofBuyersBargainingpower ofsuppliersThreat ofsubstituteproducts• Large number of substitute products• Relative price performance ofsusbstitutes• Buyer propensity to subsistute3. The primary functional strategy for Tesla Motors is to enter high-end markets and ensure they providequality products. The firm seeks to attain sales of its premium products from wealthy consumers (DeFranchis, 2019). In this case, the products are highly priced concerning the value they provide to theconsumers. The products are manufactured using the latest and innovative technological resources.It is imperative to consider Tesla’s intensive research and development to ensure they remain themarket leader in the s…
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