Strategic Management Analysis Essay Example | Topics and Well Written Essays - 1750 words - 1

Strategic Management Analysis - Essay Example The EVs use electricity for propulsion. Customers that purchased electric vehicles incurred problems such as: they were unable to use the cars for longer distances due to the limited capacity of the battery, the charge spots were few and the service costs for EV were high. Better Place came into business with the aim of popularizing the use EVs. The first thing the company worked on is a better battery that could last longer. Secondly, they increased the number of charging spot for the EV customers. They then introduced service packages that were suitable for all classes of customers. Without Better Place Company in business, there could be difficulties for EV users. Vision Agassi, in his bid to reduce pollution, vowed to only purchase electricity produced from the renewable sources of energy. Better Place believed that the EVs could significantly reduce the costs incurred by drivers. Feasibility studies conducted showed that electricity costs relatively cheaper than gasoline in most of the countries. Better Place Company is working to reduce the number of Internal Combustion Engines (ICEs) which will be replaced by EVs. With EVs, environmental degradation will be significantly reduced and motor vehicle costs reduced. Stakeholders ... The company entirely depends on investor for capital. This makes investors important stakeholders to the company. Investors influence the financial decisions of the company. The company cannot undertake any capital investment without investors’ approval. Investors will always check the financial performance of the company to ensure it is within track. Customers: these are the drivers, individuals, governments and firms who purchase the Better Place products. They are the major source of revenue to the company and the main reason why the company exists. Customer will always be concerned with product pricing and quality. The company will always produce high quality products and sell them at customer friendly prices so as to keep customers. Suppliers: this includes car manufactures, electricity producers, battery manufacturers and other suppliers to the company. Without these stakeholders, the company will neither produce nor sell. The company depends on the suppliers for resourc e inputs whereas the suppliers depend on the company as a market for their products. Governments: the company must relate well with the governments of the countries it establishes its business in. governments depend on the company for taxes and creation of employment opportunities. The company expects good business regulations in the country and a good economy to operate in. The company should always acts ethically in all decisions. To address stakeholder concerns, the company must ensure it adheres to the corporate social responsibility regulations. Stakeholder prioritization matrix High Power Low Interest High A stakeholder’s position on the grid shows the treatment they are given. For instance, those with high power and