A vision statement is a business document that states the current and future objectives of an organization. A company’s vision must align with its mission, business plan, strategic plan, and organizational culture. A vision statement isn’t only used in business; nonprofits and government offices...
A great example of this approach is how Tesla pre-sells its cars by demoing them first before going into large-scale production: While the demoed product already has all the aesthetics and most of the features the final product might have....
Tesla is characterized by a functionalorganizational structurewith aspects of a hierarchical structure. Tesla does employ functional centers that cover all business activities, including finance, sales,marketing, technology, engineering, design, and the offices of the CEO and chairperson. Tesla’s headquar...
The TOWS Matrix is an acronym for Threats, Opportunities, Weaknesses, and Strengths. The matrix is a variation on the SWOT Analysis, and it seeks to address criticisms of the SWOT Analysis regarding its inability to show relationships between the various