Bugatti automobile deals with the manufacturing of the high-end moto vehicles which have been voted the best in terms of quality and speed. As a result, the company has earned a global reputation on the same and hence enjoys transacting business with the elite group in society.
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Strategic plans for addressing challenges inBUGATTI
1. STRATEGIC PLANS FOR
ADDRESSING CHALLENGES
IN
BUGATTI
VENUGOPAL REDDY ALAMURU
NAGA SAI BABU KONGARA
KIRAN KUMAR BUDDE
NAGA SHANKAR GOTTIMUKKALA
AKSHAY MITTAL
2. INTRODUCTION
• Bugatti automobile deals with the manufacturing
of the high-end moto vehicles which have been
voted the best in terms of quality and speed.
• As a result, the company has earned a global
reputation on the same and hence enjoys
transacting business with the elite group in the
society.
3. IMPORTANCE
FOR STRATEGIC
PLANNING
Different companies face numerous challenges
which may require special intervention when not
planned for in advance.
It is therefore very important for companies to
heavily invest in strategic plans to ensure that
they prevent such issues which may lead to a
total failure or shut down of the company.
4. DIFFERENT TYPES OF
CHALLENGES
• Financial challenges
• Managerial challenges
• Challenges in supply chains
management
• Privacy challenges
• Legal challenges
• Ethical challenges
• Environmental challenges
5. FINANCIAL CHALLENGES
The company has a well-defined marketing policy which instills
confidence in investors and hence ensuring that the company is the
investors number one choice
the company sells their motors at a very high price which makes them
have a pool of revenues.
6. ADDRESSING FINANCIAL
CHALLENGES
• Bugatti company manufactures a
car on order hence making them
to avoid the risks of too much
production which may end up
flooding the market.
• Bugatti company also builds
quality motors and hence
increasing the confidence of the
clients hence making them to have
high rate of stock turnover.
7. MANAGERIAL CHALLENGES
• The company has a comprehensive policy where
the top employees has a duration to operate upon
which is non-renewable after expiry.
• This is to ensure that the company tests all the
talented and best minds as well as experiences in
the auto industry
8. STRATEGIC
PLANS FOR
ADDRESSING
MANAGERIAL
CHALLENGES
• Generally, Bugatti automobiles has existed for
over a century which shows the level of tactical
and profitable the company is.
• It also mean that the management of the
company is up to date and the services offered
are likable by many so that they are able to keep
a wide base of customers despite the challenges.
9. SUPPLY CHAIN MANAGEMENT
The company has an extensive plan
of assembling its car parts at
individual stations then they are
brought together to make an
amazing brand unlike other cars
assembled in the factories.
Most of the company’s brands are
assembled upon request and hence
the client’s satisfaction is guaranteed.
11. LEGAL CHALLENGES
Bugatti company is a law-abiding
company which operates within the set
laws of the country within their operation.
1
The company therefore upholds all the
laws of the land with decorum and dignity
to avoid bad blood with the government.
2
12. ETHICAL
CHALLENGES
The company has codes of conduct which all
the employees must adhere to as they go
about their daily work.
employees are thus expected to act per the
core values failure to which they take
personal responsibilities of their actions.
13. ENVIRONMENTAL CHALLENGES
The company manufactures motor engines with filters which ensures
that the emission of the carbon in the environment is considerably
reduced.
It also makes use of the modern technological devices to help them
make a future projection.
14. CONCLUSION
It’s important to note that , companies require a well-developed strategic plan Such
challenges range from production, financial, legal and ethical dilemmas.
Once these plans are well-drafted, it becomes easier and convenient for the
company to concentrate on production and marketing to increase the sales volume
free from any worries.
15. REFERENCE
Byrn, M. W., Bojanowski, P. J., Doebler, D. W., & Frasier, T. (2017). U.S.
Patent No. 9,815,169. Washington, DC: U.S. Patent and Trademark Office.
Enkhbayar, A. (2018). Ford Motor Company's Financial Analysis.
Garcia, J. P., Nierlich, F., & Gosselin, O. (2016). U.S. Patent No. 9,242,726.
Washington, DC: U.S. Patent and Trademark Office.
Gardner, C. (2019). Plates. In Karel Reisz. Manchester University Press.
Klemen, D., Wilson, E. E., & Ross, C. A. (2017). U.S. Patent No. 9,653,965.
Washington, DC: U.S. Patent and Trademark Office.
Shim, D. S., Yi, J. S., Choi, B. H., & Kim, Y. H. (2018). U.S. Patent No.
9,882,517. Washington, DC: U.S. Patent and Trademark Office.