Describe the rationale behind your recommendations

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Reference no: EM133316051

  1. Construct a professional business presentation for internal and external stakeholders.
    1. Identify your key message to both internal and external stakeholders.
    2. Illustrate your key points using visualizations.
    3. Tell your story.
  2. Communicate your decision about diversification based on your analysis of the data and research.
    1. Use visualizations to tell the story of the (quantitative and qualitative) data.
    2. Determine the likelihood of success based on the data and research collected.
    3. Discuss the impact that moving to the new industry will have on the organization and its internal and external stakeholders.
  3. Detail your recommendations for moving forward.
    1. Summarize findings of the research performed.
    2. Include research conclusions and reasoning.
    3. Describe the rationale behind your recommendations.

These are the speaker notes from my previous project, figured I shouldnt list all my graphs and everything as it would be overwelming.

As time goes on, the conventional vehicle sales are dropping and the sales of hybrid cars are evening out slowly with it. As of now the trends show the conventional methods are slowly fading away and are being replaced.  As for pure EV we are seeing as high as 9.4% of all vehicle sales being electric in china and 7.6% in Europe. In no time U.S. will join them as well as we are at 1.7% as of 2019.

As of 2021 Tesla was the fifth most sold car in California.  For SUV's/Trucks, Tesla was the second most sold vehicle. With the size of California these results can easily be replicated across the states. Additionally who will they turn to when California bans all gas powered vehicles? I would think it will turn out to be primarly Tesla making them the largest seller in California and potentially other states in the future.

Fuel efficiency is the highest factor in todays world into buying a vehicle. With gas prices being so unpredictable people would rather have a more stable option or at least something that wont burn through gas in a short trip. Additionally another huge point to look at is safety, tesla has more than enough safety future with self driving and advanced sensors all over there vehicles. They clearly are winning this market.

Many consumers are now wanting heated seats, types of sensors around there entire car, and better ways to listen to music. The production of new and innovative accessories in cars is more and more important every year.

Tesla has a higher market cap of $442.7b, larger than all the other main automotive giants. The production of Tesla is exponentially growing each and every year and has only been around so long. The trend of the electric vehicles is here to stay.

The cost over time when owning an electric vehicle is much lower than other leading gas brands. To simply charge your car anywhere beats it out any day, as a result of this many companies are already looking into making new brands of electric vehicles and competing for charging methods.

When people say they want a car that is safe, Tesla holds the leading position of any car. This chart demonstrates that a Tesla is 6 times as safe as any other car. Electric cars have many more opportunities in terms of functionality. With auto pilot engaged a Tesla almost is twice as safe as without.

In years to come the cost of an electric car will be around the same pricing as a regular gas powered car. This will push the sales of electric cars of substantially. If the trend continues the way its been going we will be looking at electric cars making 35% of all car sales.

For the decision-making models I primarily looked at the rational model. Our company still has a vast amount of time to review our approach and should take it from a logical standpoint not jump into it blindly.

The other two decision-making models cover  instinct and experience in the matter. At the time being we have plenty of time to cover the plan, so instinct will always be beaten out with logic and time. Experience is partly lacked amongst many people as of now this is is a very large matter of change to something none of us have prior experience in. Leaving Only a rational model available due to our time and reasoning.

Reference no: EM133316051

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