General Motors, And Tesla Motor s Competitive Strategies

This study discusses Toyota, General Motors’ (GM), and Tesla Motor’s competitive strategies. These three companies are top leaders in the automotive industry, and this paper focuses on what their current strategies are and how they develop and manage their opportunities. The paper will also address what can impact these three companies, how they protect their company from competitors, and some recommendations for each companies. Industry Analysis between Toyota and General Motors, and Tesla Motor Corporation Industry Analysis Today, the automotive industry is one the top profitable industries in U.S. and all around the world. More than 1.5 million people involved in different segments such as engineering, designing, ordering, sell, and marketing. As a result of this statement, automotive industry has huge effects on employees, customer support, jobs vacancies, revenue and finally GDP which is the most important part of the economy for any countries (Statista Portal, 2016). Firstly, the customer support is highly related to different elements such as fuel cost, steel cost, wage of human resources, and current economy situation. Automakers are competing with each other in order to minimize the cost od production, and maximize their customer satisfaction and their market share ( Statista Portal, 2016). Secondly, automotive industries are responsible for more than 7 million jobs in all around the world. A job opportunity is one the top priorities in this industry. PeopleShow MoreRelatedGeneral Motors Corporation ( Gm )1074 Words   |  5 PagesGeneral Motors Corporation (GM) General Motors Corporation (GM) is another leader in the automobile industry. It is located in Detroit and operates in almost 157 countries. It has close to 207,000 employees. Its products are Chevrolet, GMC, Buick and Cadillac. GM revenue was almost $155.4 billion globally during 2013 (Ruiz, 2014). Financial performance. 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