Select a company you consider to be innovative and research their underlying inn
ID: 412550 • Letter: S
Question
Select a company you consider to be innovative and research their underlying innovative strategy. Identify their “big idea” that started the company’s innovation and describe their strategy at that time. Compare and contrast that strategy to their innovative strategy of today. Select a company you consider to be innovative and research their underlying innovative strategy. Identify their “big idea” that started the company’s innovation and describe their strategy at that time. Compare and contrast that strategy to their innovative strategy of today.Explanation / Answer
The company I would like to talk about is Tesla. Why I want to nominate it as an innovative company is because they tackled the problems faced by common people in a good way. Their big idea is to provide what people want at an affordable price and at the same time contribute to the safety of the environment. They provide clean energy and top quality automobile to drive. When other companies were working on petrol and diesel engines Tesla thought of this innovative idea to start electric cars and it is doing wonders in the market. The educated people are liking the idea and they are ready to invest in it. The idea was so innovative that a lot of new companies are trying to follow them and building companies working on the same technology. Tesla is, in fact, encouraging new companies expecting it to lead to more innovation in the industry. I feel very confident about what they are trying to achieve and it is adding a lot of value to the lives of the normal people.
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