In recent years, the automotive industry has seen a dichotomy of innovations – particularly in relation to electric vehicles. For example, Tesla and GEM have each introduced new and distinct electric vehicles aimed at different “jobs to be done.”
Tesla Motors (“Tesla”) is an American electric-automobile manufacturer. It was founded in 2003 by American entrepreneurs Martin Eberhard and Marc Tarpenning and was named after Serbian American inventor Nikola Tesla.
Tesla was formed to develop an electric sports car. Funding for the company was obtained from a variety of sources, most notably PayPal co-founder Elon Musk, who contributed more than $30 million to the new venture and served as chairman of the company, beginning in 2004.
Global Electric
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Products and technology come and go, but “jobs” persist over time and companies integrated around a “job” can achieve market differentiation and prevent themselves from disruption. Jobs to be done have generally two dimensions which are functional and emotional/social. Generally, customers articulate their jobs to be done in light of these two dimensions. For example, if Tesla’s customers articulate their jobs to be done, it would probably be worded as “Help me to get a car which would be environmentally friendly, less costly in terms of energy consumption of which it is electricity, and cool in order myself to feel better while using it”. Of course, there might be more statements added in light of the characteristic of a job to done because it depends on each customers’ preferences. In this case, less costly in terms of the energy consumption of Tesla’s car makes this product more functional and being Tesla’s car cooler than others makes this product emotional/social due to the fact that people who have a Tesla would be considered as higher …show more content…
If GEM’s customers articulate the same statements as they have mentioned above for Tesla’s customers, it would be as “Help me to get a vehicle which would be more comfortable and safe than a golf cart and more maneuverable, cost-efficient and sustainable than a van or truck”.
Within the theory of jobs to be done, there is a pyramid which has four categories :
1. Job to be done: Articulating the job to be done
2. Experiences: Defining the experiences that the customer needs to have to nail the job perfectly
3. Integration: Determining how to integrate the organization to deliver the job to be done
4. Purpose Brand: Creating a purpose brand
The first category starts with the statements which mentioned above in a couple of example for Tesla and GEM. The second one is linked to the first category and understanding the customers’ needs are very crucial to nail the job perfectly. The third one is up to the company which should organize everything within the organization to deliver the job to be done. After the first three categories are performed perfectly than the last one which is purpose brand sticks in the customers’ mind and when they would like to buy such product the brand just flashes in their mind. In my opinion, Tesla has created a purpose brand because whenever people think about electric vehicles Tesla brand just flashes in people’s mind even there are many other brands in the marketplace.
Nikola Tesla Figure From Progressive Era Research Paper Essay Nikola Tesla is an inventor with a very vivid imagination a visionary who saw electricity as a means to change the world. He deserves a place in history for the many accomplishments and contributions he made throughout his lifetime. One such invention that he made impacted the world for being the only person to perfect the efficient use of alternating-current electricity which is widely used for power transmission in the world today. Nikola Tesla laid the groundworks for some modern technology used today and thus he deserves a place in history for proving how much of an impact he has made on the world. Motivations Nikola Tesla as an inventor who had a vivid imagination and had big
Cars are the most important products in the modern lifestyle. Whether it’s going to work, school, the mall, or even your friend’s house, it’s likely that you will be using a car to get there. As you all know, cars can have drastically different prices and look drastically different as well. I’m sure everyone here has a car, and I’m also sure everyone here will be buying another car in the future. Whether you want a car that can fit a large amount of people, or a sports car that can go extremely fast, an electric car will almost always be the best option for you.
It is the only automaker exclusively that manufacturers electric cars on a significant scale. However, General Motors is highly concentrating on launching battery powered Chevrolet Bolt in the market and Ford Motors have planned to invest $4.5 billion by 2020 in electric vehicles (Team, 2016). The mentioned competitors have moved to investing more in electric cars in order to focus on zero emission and clean vehicles but still they are behind Tesla Motors which provide an advantage to further increase the market share in
The firm is a multinational enterprise, with offices in 10 different countries and car stores in some 25 countries. Its main product line is the Tesla electric cars, currently consisting of three models: the Tesla Model S, Model X and Model 3. The Model 3 was launched in 2017 and is aimed at the lower spectrum of the EV market, whereas the model S and X are high-end cars serving the ‘premium’ segment. In this essay, I will examine Tesla’s
Cars are the most important products in the modern lifestyle. Whether it’s going to work, school, the mall, or even your friend’s house, it’s likely that you will be using a car to get there. I’m sure everyone here has a car, and I’m also sure everyone here will be buying another car in the future. Whether you want a car that can fit a large amount of people, or a sports car that can go extremely fast, an electric car will almost always be the best option for you.
Reveal Topic: The electric car is a relatively new concept in the world of the automotive industry. Establish Credibility: I have been interested in the electric car and I have reed a number of books and articles about it. Preview Main Points:
Musk began his involvement in Tesla (at the time, Tesla Motors) in 2004. At this stage he was
The vision of Tesla is ‘to create the most compelling car company of the 21st century by driving the world’s transition to electric vehicles’. Based on the mission and vision, the company’s strategy was determined. Tesla’s strategy is to enter at the high end of the market, where customers are prepared to pay a premium, and then drive down market as fast as possible to higher unit volume and lower prices with each successive model. (Musk,
Brands are complex offerings that are conceived by organisations but ultimately resides in the consumers mind (De Chernatony, 2010). A brand thus signals to the customers the source of the products and services and protects both the competitor who would attempt to provide products and services that appear similar or identical (Aaker, 2004). Brands provides the basis upon which consumer can identify and bond with a product or service or group of products and services (Weilbacher, 1995). A brand is a specific uniqueness associated with a product or services that enables the consumers connect with it by easy identification through the name, slogan, design, logo, symbols, etc. of the organisation that produces the products or
The automotive industry is facing changes due to ecological impacts on the environment. Many automotive manufacturers such as BMW and Audi are now entering into the electric car industry where Tesla has established itself in. In this environment, there is a need for rapid innovation a firm 's capability to produce new technological products become crucial to survival in this industry. For this reason, human relations management will be beneficial to an organization as it allows creativity in employees who will be able to respond to changes in the environment efficiently and quickly which gives a company flexibility. " CEO Elon Musk created a master plan to compete with other automotive manufactures which were to Build sports car, use that money to develop an affordable car, use that capital to create more affordable vehicles, produce zero-emission electric vehicle power generation options (Tesla).
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Service-based work has today become a game played among individuals and businesses. The world of business has become so competitive and has compelled organizations to be innovative in providing their services. Being innovative in serving customers has become a critical growth factor for organizations. Success now relies greatly on an organization’s ability to establish knowledge bases as well as use interpersonal skills. Customer service is subjective as it arises from the perceptions of the recipient and is robustly grounded in customers’ expectations.
Analysis: Tesla has proven to make an extensive impact in the market. Keeping the company’s position in the high-end industry, Tesla is able to represent just like companies like Apple a high-end product that appeals only to a certain customer base. Tesla is constantly innovating their product in a way that the newest technologies will be incorporated in the production process of the car and the products the companies develop itself too. Tesla is the first major company to have inherited an electric car only automobile production company, which is nearly impossible considering the weak demand for electric cars today. Most car manufacturers today only devote a small part of their product line to electric cars, meaning that they do not want to take the risks of completely changing to electric only cars as fears of reducing the demand for their products is real and because there is still more demand for conventional petrol driven cars.
Interaction with the final customers As a company, it's crucial to interact with the final customers because we sell directly to the final customer. By this, Tesla makes sure that our final customer gets a memorable experience and has access to all the services which a luxury car should offer. Once you have registered yourself in my Tesla, it provides you numerous features like Customizing your car, tracking your car lead time, finding the nearest charging stations,
Consumer compare the prices of brands. And purchase the product with best outcome in low price but in many cases, consumer can pay more for better results. The product has design which attract the customer and easy to carry. Fashion leaders purchase the product which is more stylish and can satisfy their ego. The brand promotion has unique impact on brand image.