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Subject:
Business & Marketing
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Essay
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Topic:

Marketing Strategy Of Tesla. The Mission Of The Organization

Essay Instructions:

TERM PAPER ASSIGNMENT:
The term paper is due on November 26, 2019, the early submission date is November 19, 2019. (The last class session is December 5, 2019). Late papers will be penalized by one letter grade.
Analyze the marketing strategy of one of the following companies: eBay, Costco, Home Depot, Tesla, and TJX. Cover the following topics: line of business (organization mission), target markets, SWOT, marketing strategy (4Ps), marketing department organization, value proposition, competitive environment, global operations, social responsibility/sustainability, and marketing metrics (assessing failure or success through sales, market share , profits, sales return on equity).
Your paper should be a combination of analysis of library-based research, evaluation of material from the firm's 10-K, and your own observations (store visits, test drives, consumer interviews, etc.)
Special Topics to be covered:
eBay—Guarantees, handling of customer complaints, gray market goods, selection (width/depth), top-rated seller program, worldwide marketplace, counterfeit surveillance.
Costco--gray market, intelligent loss of sales, importance of membership fees, low gross profit margins, low Web sales, high customer service ratings despite low sales assistant, leased departments
Home Depot – Web—store interface, in-store classes, big box store, rationalized retailing, multiple private brands (TJX, Glacier Bay, Husky, Commercial Electric, Hampton Bay), compare with Lowe’s, contractor sales
Tesla—image, direct versus indirect distribution, dealer lawsuits, chargers versus car sales (chicken vs. egg), market capitalization, difficulties meeting production targets, importance of U.S. and China as a marketplace
TJX – opportunistic versus traditional buying, off price strategy, TJ Maxx, Marshalls, Home Goods, high margins and low Selling, General & Administrative expenses (overhead)

Your paper should be a combination of analysis of library-based research, evaluation of material from the firm's 10-K, Standard & Poor's Industry Analysis, and your own observations (store visits, test drives, consumer interviews, etc.)
I will not accept topics on alternate papers.
You will need to upload your term paper to Turnitin.com. Turnitin.com reviews your paper against published research and a database of prior papers (including paper mills) in an effort to discourage plagiarism. I will receive a full report on each paper submitted. You will also receive a full report.
To upload your paper, follow these directions:
Login to the Hofstra University portal, select this Semester” then your “class” and then select "Assignments." Choose "Term Paper," then "View/Complete," and lastly "Submit Single File Upload."
I will grade papers that are handed in on or before November 19, 2019 (one week prior to regular due date). You can then at your option, resubmit the corrected paper for review for a possible higher grade. THIS OPTION IS NOT AVAILABLE FOR PAPERS FIRST SUBMITTED AT THE DUE DATE.
Your paper should reflect current sources, current practices, have a balanced perspective (pros versus cons), examine the differences between domestic and international strategies (if applicable), and have a scholarly tone. Factors which differentiate an excellent from a fair paper include: currency, extensive use of footnoting, the number and quality of sources used, the use of figures and tables to synthesize material, the effective integration of material from diverse sources and perspectives, and the development of a well-thought conclusion.
TERM PAPER HINTS:
(1) Use the social science form (e.g., Brown 2018a) Please include a full bibliography. For Web sites, use the Web address and date accessed for the source line. (www(dot)dell(dot)com/us/investor.htm as of August 15, 2018).
(2) Start your paper early. This will enable you to obtain all of the necessary data, to properly reread your paper, to incorporate the latest developments, and to properly study for your finals.
(3) Here are some hints in better consulting academic and trade sources:
• Hofstra’s library contains the following online databases:
o To access these go to Hofstra’s site (http://www(dot)hofstra(dot)edu), log in with your user name and password, and then select "My Hofstra." Select the “Library” tab from the Menu icon at the upper left hand corner. Then select, "Search the Catalog," then select “Databases by Subject.” Then Select a Subject, then choose "Accounting/ Business/Finance and Marketing,” and select "Go."
o These are the online commercial databases you should use: Business Source Premier, Factiva, LexisNexis Academic, and Mergent Online.
• Look up Standard and Poor’s NetAdvantage for the respective industry analysis.
• Use the World Wide Web for the most current sources. Distinguish between company sites, and articles accessed through the web.
• Get the company’s 10-K from www(dot)sec(dot)gov. (EDGAR). A large proportion of firms also place financial reports on their web site (many require that you first download and install a recent version of ABODE ACROBAT).
(4) Your paper should be as current as possible. The vast majority of your footnotes should be from 2017 or later.
(5) Back up your paper frequently (every half hour or so).
(6) The ideal page length of this paper is 10 pages (using a 12 point font and 1 inch margins).
(7) You may do the term paper as a team of two students, it you desire. Each student needs to put their name next to each section to reduce "free-riders." A two-person team will be held to a higher standard than a single authored paper.

Essay Sample Content Preview:

Marketing Strategy of Tesla
Name
Affiliation
Due Date
Marketing Strategy of Tesla
The mission of the organization
Tesla Inc. has promoted innovative ideas in the vehicle industry to excellent levels. The company has ushered a new era in the industry through the creation of electric cars. According to the firm, the vehicles implemented are more efficient, sustainable and reliable. The firm keeps on changing its mission and vision to enhance the achievement of the main objective in changing to accommodate the manufacture of electric automobiles. All the efforts made have yielded positive impacts, resulting in the rapid growth and development of Tesla. For example, Tesla got credit for leading the market selling of plugin passenger cars in 2018 (Mission Statement Academy, 2019). As will be shown later, the company also works to accelerate the transition of the world to sustainable energy with its investment in battery systems that look to store renewable energy.
The company wants to lead global companies in the production of electric automobiles in the future. All the stakeholders in Tesla work hard to ensure effectiveness in the effort to achieve the stated mission. The management ensures efficient business processes to innovate and maintain the brands of cars innovated by the company (Mission Statement Academy, 2019). Proper coordination between the management and all employees ensures continuous running of the business resulting achievement of the set goals. Tesla follows strict core values that enhance the achievement of the company's mission. The world can attest that Tesla lives by its value of ‘always do your best.’ Through the ups and downs, the company has kept the faith and continued working towards the attainment of its goals. Aside from the above, Tesla also appears committed towards its core value of ‘respect the environment.’ With its commitment to sustainable energy, the company appears to also be respecting the environment by leading by example. Tesla has also attained the provision of a clean environment through the use of clean energy sources, unlike tradition cars that used fossil fuels leading to pollution of the environment (Mission Statement Academy, 2019). Tesla has exceeded global expectations by allowing customers to influence the aspects of the ordered products. The company reveals high respect for the interests of its customers in the manufacturing of products.
Target markets
Tesla has a target of absorbing a special of individuals (with a particular taste) and also private investors. According to (Wells, 2019), the management in the company knows that the wealthy groups will warm up to the idea of buying the cars to fulfill the fantasy of how powerful people should change the world since Tesla works towards a similar achievement. Hence, the company is assured of excellent sales and profits through the successful adoption of the group. Despite the quoted prices of the cars, the elite customers would always look at the luxury and benefit of the product. On the other hand, private investors would like to improve their sectors and investing the buying of cars of Tesla will help in achieving the goal and also changing the world. Tesla has targeted the elite people an...
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