The document analyzes Tesla's external and internal environment through various frameworks. Externally, the electric vehicle market faces high substitute and rivalry threats but low entry barriers for established automakers. Buyer power is moderate while supplier power varies. PESTEL factors like environmental regulations and technology improvements are favorable. Internally, Tesla has advantages in resources like expertise, batteries, and leadership. Capabilities include manufacturing, branding, and store innovations. Historically, production challenges emerged but were addressed through strategic reforms. Safety events required risk management and software/hardware improvements to maintain public support for innovations. Financially, Tesla relies on debt and equity financing due to negative profits from large investments in manufacturing and R&D.
Elon Musk & Tesla (7 p's, Gale of creative destruction, Big idea)RGupta16
About Elon Musk, His Companies, About Tesla 7 P's , Big Idea, Gale of Creative Destruction, Tesla Stock Growth, Tesla Ranking in USA, Elon musk Companies & Ideas, Tesla Mission and Vision
Student Paper of Higher School of Economics, Russia
- Positioning statement
- Competitive Analysis in International Marketing: Tesla competitors in Russia, Brand Map.
- Understanding the consumer: market segmentation; Consumer Value Equation, Buyer Persona.
- PEST-analysis
- SWOT-analysis
- Porter five forces analysis
- Targeting
Text for Tesla Motors: At the Intersection of Innovation and IntegrationGreg Papay
This is the text for the slide deck Tesla Motors: At the Intersection of Innovation and Integration. It looks at Tesla's business model and analyzes how we can apply their thoughts across our practices.
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid scale, solar panels and solar roof tiles, as well as other related products and services.
Timeline of Tesla
2003 - Tesla Motors founded by Martin Eberhard and Marc Trepanning in San Carlos, California. They serve as its CEO and CFO, respectively.
2004 - Elon Musk invests $30 million and joins Tesla as the Chairman of its Board of Directors.
2006 - Tesla showcases the prototype for its first car, the all-electric Roadster.
2007 - Eberhard resigns as CEO of Tesla. He is replaced by interim CEO Michael Marks.
2007 - Ze'ev Drori takes over as Tesla's permanent CEO.
2008 - The Roadster enters production. Elon Musk receives the first vehicle produced.
2008 - Ze'ev Drori resigns as Tesla's CEO. He is replaced by Elon Musk who remains CEO to this day.
2008 - Tesla announces its plans for the Model S sedan.
2009 - Eberhard files a lawsuit against Tesla and Musk alleging that he was forced out of the company, and that Musk has taken credit for creating a company that Eberhard and Tarpenning built. He drops the suit later that year.
2009 - Facing financial troubles, Tesla seeks investment from Daimler AG and a loan from the Department of Energy.
2009 - Tesla relocates its headquarters to Palo Alto, where it remains to this day.
2010 - Tesla goes public, raising $226 million in its IPO.
2011 - Tesla showcases the prototype for its Model S, the company's first sedan.
2012 - The Model S sedan goes into full-time production.
2012 - Tesla discontinues production of the Roadster.
2012 - Tesla launches its first Supercharger charging stations with six locations in California.
2013 - Tesla posts its first quarterly profit.
2014 - Tesla announces its Nevada Gigafactory, where the company will manufacture the batteries for all of its products.
2015 - The company enters the solar power market, announcing a line of products to power homes and businesses based on a combination of solar panels and batteries.
2016 - Tesla announces plans for the Model 3 sedan, its first car aimed at a mass market.
2017 - Tesla Motors changes its name to Tesla, Inc. This remains the company's name to this day.
Todays-02.03.2021
Stock data of Tesla
Price-$718.43
Market Cap-$689.59B
Elon Musk & Tesla (7 p's, Gale of creative destruction, Big idea)RGupta16
About Elon Musk, His Companies, About Tesla 7 P's , Big Idea, Gale of Creative Destruction, Tesla Stock Growth, Tesla Ranking in USA, Elon musk Companies & Ideas, Tesla Mission and Vision
Student Paper of Higher School of Economics, Russia
- Positioning statement
- Competitive Analysis in International Marketing: Tesla competitors in Russia, Brand Map.
- Understanding the consumer: market segmentation; Consumer Value Equation, Buyer Persona.
- PEST-analysis
- SWOT-analysis
- Porter five forces analysis
- Targeting
Text for Tesla Motors: At the Intersection of Innovation and IntegrationGreg Papay
This is the text for the slide deck Tesla Motors: At the Intersection of Innovation and Integration. It looks at Tesla's business model and analyzes how we can apply their thoughts across our practices.
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. Tesla's current products include electric cars, battery energy storage from home to grid scale, solar panels and solar roof tiles, as well as other related products and services.
Timeline of Tesla
2003 - Tesla Motors founded by Martin Eberhard and Marc Trepanning in San Carlos, California. They serve as its CEO and CFO, respectively.
2004 - Elon Musk invests $30 million and joins Tesla as the Chairman of its Board of Directors.
2006 - Tesla showcases the prototype for its first car, the all-electric Roadster.
2007 - Eberhard resigns as CEO of Tesla. He is replaced by interim CEO Michael Marks.
2007 - Ze'ev Drori takes over as Tesla's permanent CEO.
2008 - The Roadster enters production. Elon Musk receives the first vehicle produced.
2008 - Ze'ev Drori resigns as Tesla's CEO. He is replaced by Elon Musk who remains CEO to this day.
2008 - Tesla announces its plans for the Model S sedan.
2009 - Eberhard files a lawsuit against Tesla and Musk alleging that he was forced out of the company, and that Musk has taken credit for creating a company that Eberhard and Tarpenning built. He drops the suit later that year.
2009 - Facing financial troubles, Tesla seeks investment from Daimler AG and a loan from the Department of Energy.
2009 - Tesla relocates its headquarters to Palo Alto, where it remains to this day.
2010 - Tesla goes public, raising $226 million in its IPO.
2011 - Tesla showcases the prototype for its Model S, the company's first sedan.
2012 - The Model S sedan goes into full-time production.
2012 - Tesla discontinues production of the Roadster.
2012 - Tesla launches its first Supercharger charging stations with six locations in California.
2013 - Tesla posts its first quarterly profit.
2014 - Tesla announces its Nevada Gigafactory, where the company will manufacture the batteries for all of its products.
2015 - The company enters the solar power market, announcing a line of products to power homes and businesses based on a combination of solar panels and batteries.
2016 - Tesla announces plans for the Model 3 sedan, its first car aimed at a mass market.
2017 - Tesla Motors changes its name to Tesla, Inc. This remains the company's name to this day.
Todays-02.03.2021
Stock data of Tesla
Price-$718.43
Market Cap-$689.59B
This presentation shows how the tesla motors completely changed the automotive industry forever. This ppt is done for a college project for Life skill class
One of our presentation during Strategic Management class in KDI School of Public Policy and Management, South Korea. All graphics and information used in this slide belong to the original producer and owner. This slide is for educational purpose only.
Part I: introduction 3
1.1 Objective of the project 3
1.2 Importance of increasing China market share 4
1.3 Outline of project 5
2 Company History And Philosophy 5
2.1 Brief history of the company 5
2.2 Philosophy and marketing strategy 7
Part III. Environment Analysis 8
3.1 Demographics 8
3.2 Environmental 10
3.3 Competition 12
PART IV: DESCRIPTION OF TARGET MARKET 14
4.1 THE MARKETING REASERCH OF NEW ENERGY AUTOMOBILE IN CHINA 14
4.2 THE MARKETING REASERCH OF TESLA IN CHINA 15
4.3 CITIZENS’ ATTITUDE TO PEV 16
4.4 THE LIFESTYLE OF TARGET CONSUMERS IN CHINA 18
4.3 CITIZENS’ ATTITUDE TO PEV 21
4.4 THE LIFESTYLE OF TARGET CONSUMERS IN CHINA 23
Part V: Analysis of Marketing Mix 26
5.1 PRODUCT 26
5.2 Price Points 28
5.3 Place 33
5.4 Promotion 35
PART VI: STRENGTHS, WEAKNESSES AND RECOMMENDATIONS 41
6.1 Strengths 41
6.2 Weaknesses 42
6.3 Recommendations 43
Part VII. References 45
Tesla Motors: At the Intersection of Innovation and IntegrationGreg Papay
This deck highlights the extraordinary, ever-evolving success story of Tesla Motors and distills it as a story of innovation and integration, as a way for us all to look at our professions and ask what we can learn from Tesla’s approach.
I think Tesla’s story is an ideal one to examine for anyone who is in business today. Their highly integrated and innovative approach is essentially unique among auto manufacturers, who are shackled by a tradition-bound industry.
So I’d like each of you to think of your business or practice’s approach to projects and look with us at a model from outside your industry so we can start to challenge ourselves and start to change our approach.
This is a presentation for my final course pape.
The survey for the Perception map was done with a help of responders (students) aged 23-31. I will be happy to have more answers in order to continue research on this topic, the link is below.
https://www.surveymonkey.com/r/NHQFKF5
For any more questions, do not hesitate to contact me.)
This is the presentation about Tesla company.I discuss about Tesla motors in this slide.It can help you to know about this company.I'm tried my best to fixed the data together about this company.
This presentation shows how the tesla motors completely changed the automotive industry forever. This ppt is done for a college project for Life skill class
One of our presentation during Strategic Management class in KDI School of Public Policy and Management, South Korea. All graphics and information used in this slide belong to the original producer and owner. This slide is for educational purpose only.
Part I: introduction 3
1.1 Objective of the project 3
1.2 Importance of increasing China market share 4
1.3 Outline of project 5
2 Company History And Philosophy 5
2.1 Brief history of the company 5
2.2 Philosophy and marketing strategy 7
Part III. Environment Analysis 8
3.1 Demographics 8
3.2 Environmental 10
3.3 Competition 12
PART IV: DESCRIPTION OF TARGET MARKET 14
4.1 THE MARKETING REASERCH OF NEW ENERGY AUTOMOBILE IN CHINA 14
4.2 THE MARKETING REASERCH OF TESLA IN CHINA 15
4.3 CITIZENS’ ATTITUDE TO PEV 16
4.4 THE LIFESTYLE OF TARGET CONSUMERS IN CHINA 18
4.3 CITIZENS’ ATTITUDE TO PEV 21
4.4 THE LIFESTYLE OF TARGET CONSUMERS IN CHINA 23
Part V: Analysis of Marketing Mix 26
5.1 PRODUCT 26
5.2 Price Points 28
5.3 Place 33
5.4 Promotion 35
PART VI: STRENGTHS, WEAKNESSES AND RECOMMENDATIONS 41
6.1 Strengths 41
6.2 Weaknesses 42
6.3 Recommendations 43
Part VII. References 45
Tesla Motors: At the Intersection of Innovation and IntegrationGreg Papay
This deck highlights the extraordinary, ever-evolving success story of Tesla Motors and distills it as a story of innovation and integration, as a way for us all to look at our professions and ask what we can learn from Tesla’s approach.
I think Tesla’s story is an ideal one to examine for anyone who is in business today. Their highly integrated and innovative approach is essentially unique among auto manufacturers, who are shackled by a tradition-bound industry.
So I’d like each of you to think of your business or practice’s approach to projects and look with us at a model from outside your industry so we can start to challenge ourselves and start to change our approach.
This is a presentation for my final course pape.
The survey for the Perception map was done with a help of responders (students) aged 23-31. I will be happy to have more answers in order to continue research on this topic, the link is below.
https://www.surveymonkey.com/r/NHQFKF5
For any more questions, do not hesitate to contact me.)
This is the presentation about Tesla company.I discuss about Tesla motors in this slide.It can help you to know about this company.I'm tried my best to fixed the data together about this company.
It's October 2010. William Blazejeski is a doe eyed, bushy tailed senior at Stetson University about to present his semester long project to the Roland George Investment Program - the prestigious student run investment fund that utilizes real money for students to trade taken from the endowment. TSLA was $20.00 at the time. Not anymore!
Tesla PPT, Sec focused accounting, Pierce McManusPierce McManus
This presentation focused upon the SEC based reporting of Tesla's company, where my specific focus resided in the SWOT analysis. I left this area rather sparse so I could elaborate in the presentation itself. I focused upon the issues that Tesla is facing regarding their vertical monopoly, battling state legislature, and acquiring a larger market share via their lower cost cars in production.
A Marketing analysis for TESLA company in DBA program by Cairo University. It discussing how TESLA is competing Electric Vehicle Market and advancing the development of such Sector. In addition, Tesla is taking further steps toward future by inventing futuristic cars and innovative technology.
Marketing Strategies of Tesla Inc.
Includes-
1. About Tesla and Elon Musk
2. Marketing MIx
3. SWOT Analysis
4. Porter's Five Force Analysis
5. BCG Matrix
Analysis of Tesla strategy through 4 points :
Identification of Problem & Opportunity
Environment & Industry
Firm Strategy
Firm Performance & Sustainability
In this presentation, we have discussed a very important feature of BMW X5 cars… the Comfort Access. Things that can significantly limit its functionality. And things that you can try to restore the functionality of such a convenient feature of your vehicle.
Core technology of Hyundai Motor Group's EV platform 'E-GMP'Hyundai Motor Group
What’s the force behind Hyundai Motor Group's EV performance and quality?
Maximized driving performance and quick charging time through high-density battery pack and fast charging technology and applicable to various vehicle types!
Discover more about Hyundai Motor Group’s EV platform ‘E-GMP’!
Things to remember while upgrading the brakes of your carjennifermiller8137
Upgrading the brakes of your car? Keep these things in mind before doing so. Additionally, start using an OBD 2 GPS tracker so that you never miss a vehicle maintenance appointment. On top of this, a car GPS tracker will also let you master good driving habits that will let you increase the operational life of your car’s brakes.
Fleet management these days is next to impossible without connected vehicle solutions. Why? Well, fleet trackers and accompanying connected vehicle management solutions tend to offer quite a few hard-to-ignore benefits to fleet managers and businesses alike. Let’s check them out!
What Exactly Is The Common Rail Direct Injection System & How Does It WorkMotor Cars International
Learn about Common Rail Direct Injection (CRDi) - the revolutionary technology that has made diesel engines more efficient. Explore its workings, advantages like enhanced fuel efficiency and increased power output, along with drawbacks such as complexity and higher initial cost. Compare CRDi with traditional diesel engines and discover why it's the preferred choice for modern engines.
What Does the PARKTRONIC Inoperative, See Owner's Manual Message Mean for You...Autohaus Service and Sales
Learn what "PARKTRONIC Inoperative, See Owner's Manual" means for your Mercedes-Benz. This message indicates a malfunction in the parking assistance system, potentially due to sensor issues or electrical faults. Prompt attention is crucial to ensure safety and functionality. Follow steps outlined for diagnosis and repair in the owner's manual.
"Trans Failsafe Prog" on your BMW X5 indicates potential transmission issues requiring immediate action. This safety feature activates in response to abnormalities like low fluid levels, leaks, faulty sensors, electrical or mechanical failures, and overheating.
𝘼𝙣𝙩𝙞𝙦𝙪𝙚 𝙋𝙡𝙖𝙨𝙩𝙞𝙘 𝙏𝙧𝙖𝙙𝙚𝙧𝙨 𝙞𝙨 𝙫𝙚𝙧𝙮 𝙛𝙖𝙢𝙤𝙪𝙨 𝙛𝙤𝙧 𝙢𝙖𝙣𝙪𝙛𝙖𝙘𝙩𝙪𝙧𝙞𝙣𝙜 𝙩𝙝𝙚𝙞𝙧 𝙥𝙧𝙤𝙙𝙪𝙘𝙩𝙨. 𝙒𝙚 𝙝𝙖𝙫𝙚 𝙖𝙡𝙡 𝙩𝙝𝙚 𝙥𝙡𝙖𝙨𝙩𝙞𝙘 𝙜𝙧𝙖𝙣𝙪𝙡𝙚𝙨 𝙪𝙨𝙚𝙙 𝙞𝙣 𝙖𝙪𝙩𝙤𝙢𝙤𝙩𝙞𝙫𝙚 𝙖𝙣𝙙 𝙖𝙪𝙩𝙤 𝙥𝙖𝙧𝙩𝙨 𝙖𝙣𝙙 𝙖𝙡𝙡 𝙩𝙝𝙚 𝙛𝙖𝙢𝙤𝙪𝙨 𝙘𝙤𝙢𝙥𝙖𝙣𝙞𝙚𝙨 𝙗𝙪𝙮 𝙩𝙝𝙚 𝙜𝙧𝙖𝙣𝙪𝙡𝙚𝙨 𝙛𝙧𝙤𝙢 𝙪𝙨.
Over the 10 years, we have gained a strong foothold in the market due to our range's high quality, competitive prices, and time-lined delivery schedules.
Comprehensive program for Agricultural Finance, the Automotive Sector, and Empowerment . We will define the full scope and provide a detailed two-week plan for identifying strategic partners in each area within Limpopo, including target areas.:
1. Agricultural : Supporting Primary and Secondary Agriculture
• Scope: Provide support solutions to enhance agricultural productivity and sustainability.
• Target Areas: Polokwane, Tzaneen, Thohoyandou, Makhado, and Giyani.
2. Automotive Sector: Partnerships with Mechanics and Panel Beater Shops
• Scope: Develop collaborations with automotive service providers to improve service quality and business operations.
• Target Areas: Polokwane, Lephalale, Mokopane, Phalaborwa, and Bela-Bela.
3. Empowerment : Focusing on Women Empowerment
• Scope: Provide business support support and training to women-owned businesses, promoting economic inclusion.
• Target Areas: Polokwane, Thohoyandou, Musina, Burgersfort, and Louis Trichardt.
We will also prioritize Industrial Economic Zone areas and their priorities.
Sign up on https://profilesmes.online/welcome/
To be eligible:
1. You must have a registered business and operate in Limpopo
2. Generate revenue
3. Sectors : Agriculture ( primary and secondary) and Automative
Women and Youth are encouraged to apply even if you don't fall in those sectors.
Why Is Your BMW X3 Hood Not Responding To Release CommandsDart Auto
Experiencing difficulty opening your BMW X3's hood? This guide explores potential issues like mechanical obstruction, hood release mechanism failure, electrical problems, and emergency release malfunctions. Troubleshooting tips include basic checks, clearing obstructions, applying pressure, and using the emergency release.
Symptoms like intermittent starting and key recognition errors signal potential problems with your Mercedes’ EIS. Use diagnostic steps like error code checks and spare key tests. Professional diagnosis and solutions like EIS replacement ensure safe driving. Consult a qualified technician for accurate diagnosis and repair.
5 Warning Signs Your BMW's Intelligent Battery Sensor Needs AttentionBertini's German Motors
IBS monitors and manages your BMW’s battery performance. If it malfunctions, you will have to deal with an array of electrical issues in your vehicle. Recognize warning signs like dimming headlights, frequent battery replacements, and electrical malfunctions to address potential IBS issues promptly.
4. External Analysis (Porter)
• Threat of substitute- high
• Threat of new entry-
• High for already car manufacturers to make electric cars
• Low for new car manufacturers
• Bargaining power of buyers- moderate
• Power of suppliers-
• Low (body parts)
• High for utility/infrastructure provider
• Rivalry among competitors- high
5. External Analysis( PESTEL)
• Political-
• Environmental protection laws to make more environmental cars to meet strict emission levels
• US government energy loan program for development and research
• Electric vehicles significantly cheaper to own and operate
• Economic-
• Cost of fuel is rising
• 2 percent annual rise in the general level of prices until 2017, diminish the population’s
purchasing power and thus damage the GDP
• US GDP is rising but compared to the rest of the worlds GDP it is rising at a slower rate.
• Social-
• Increasing environmental concern
• Electric car improves social status of consumer
6. External Analysis( PESTEL)
Technology-
Improving technology, rapid globalization
has major effect on automotive car industry
Environmental-
People are more aware of environmental effect
Legal-
Introducing energy loan program and putting stress on producing eco-
friendly vehicle, several national and local governments have established
tax credits, subsidies and other incentives.
8. Resources:
• Knowledge of R & D team. VRINE
(Competitive Advantage)
• Technologies/expertise/experience that
even other large automotive companies
do not have. VRIE
• Batteries are becoming much better.
VRIE
• Experienced CEO, Elon Musk. V
• Great location near the best talents. VE
• US as a unique position towards special
knowledge set, federal government
support. VE
9. Capabilities
• Manufacture internally.
• Strong Brand Name Recognition
• Talented designs.
• The Tesla Stores are similar to the
Apple Stores and are an
innovative way to market the
Tesla cars.
• Unlike combustible engines,
electric engines have less moving
parts and are much cleaner to
work with.
• Large Production Capacity; Only
20 percent of Tesla Motors factory
is used to produce Model S.
11. Transition from R&D to Production
• Numerous logistical issues in the Tesla Roadster’s production model pushed the
manufacturing cost to $200,000 while only able to sell for $100,000.
• Tesla’s CEO Martin Eberhard was subsequently blamed for this outcome and replaced by
CEO Michael Marks who had immense manufacturing experience.
• Fallout ensued between current CEO Elon Musk and Martin Eberhard, damaging Tesla’s
media reputation and creating a damaging legal battle
Tesla Roadster
Martin Eberhard with
Tesla Roadster
12. Strategy
Emergence
from Event
• Developed strategy of anticipating the shift in business
structure and pre-emptively reforming their corporate
structure to meet new demands
• An essential development in corporate strategy as
Tesla is now becoming a conglomerate company with
the acquisition of Solar City, and the production of
their own battery manufacturing facility.
13. Tesla Vehicle Fires
• During 2013 Tesla responded to 3 separate occasions of vehicle fires
• Two fires occurred in the USA when the Tesla ran over objects on the road and the battery was
punctured
• The third took place in Mexico when the Tesla caught fire after a high speed collision
• All vehicle occupants were able to exit the Tesla before the fire ensued
• Despite there being hundreds of thousands of vehicle fires world wide every year, Tesla received
substantially more media attention than any other reported vehicle fire
Tesla Model S on fire in Washington Aftermath of Model S collision and Fire in Mexico
14. Strategy
Emergence
from Event
• Tesla is a high profile company exposed to large
amounts of media coverage.
• Tesla has employed several tactics to manage their
sensitive public image
These Tactics include
1. Remote software updates
2. Policy of immediately responding to media and
significant events
3. Implementation and optional recall of hardware
updates, In this case titanium shields on
underbody
15. Autopilot Deaths
• Tesla’s release of their autopilot feature in summer
2016 was met with scepticism and fear from some
drivers
• First death occurred in June 2016 when a Tesla advocate
and video blogger collided with a tractor trailer making
a left turn on the highway
• Second death occurred in September 2016 when a Tesla
rear ended a street sweeper on a Chinese highway
• The father of deceased man in second incident filed a
lawsuit in order to raise awareness of the issue
16. Strategy
Emergence
from Event
• In order for Tesla to be able to competitive they must be
constantly innovative
• Tesla must continue to revolutionize the automobile industry
which means that they will need to take risks with new
technologies
• The event reinforces the need for Tesla to be constantly
remotely updating their software and making improvements
upon a released vehicle
• The event also demonstrates Tesla’s Public Relations
importance in maintain a desirable public image
17. Historical Perspective Concluding Comments
• Tesla’s business model requires that the corporation innovates and develops
constantly
• Tesla must constantly be re-evaluating their corporate structure
• Management of PR is essential to maintain public interest and faith in the company
Tesla CEO Elon Musk Tesla’s future battery manufacturing plant the “Gigafactory”
19. Financial Analysis
How does Tesla finance their company?
§ 2015 debt ratio 0.86 (total liabilities are 86% of
total assets)
§ May 2016: 6.8M shares sold for 1.4B to speed up
production of Model 3
§ Negative operating profit increases reliance on
external financing
• Large capital requirements for manufacturing
and R&D
20. Financial Analysis
How profitable is the company?
§ Negative operating profit
§ Return on assets average -6.3%
• Slow to convert investment into profit
§ Return on equity average -42%
• Favors growth over profitability in short-term
21. Financial Analysis
What is Tesla’s liquidity?
§ Negative times interest earned and quick ratio
• Assets tied up in R&D and large capital
expenditures
§ 2015 current ratio 0.99
• Liabilities slightly exceed assets
§ Long-term liquidity reliant on their ability to convert
high R&D costs and manufacturing assets into
profit
22. Alternatives
• Diversifying product line to reach
more consumers – develop SUVs,
pick-up truck,
• Increase variety of services
domestically:
• Introduction of advertising
campaign
• Expand domestically by
adding more services
domestically
24. Implementation
• Implement service stations
• Increase charging stations
• Increase brand recognition
• Construction of brick and mortar in some major cities
25. Risks
• Additional expenditures in marketing and brick-and-mortar
stores financially risky
• Already highly leveraged
• Focusing a new target market
• Losing out on international expansion
• Additional outbound logistics from showrooms and in-person
ordering (shipping, extra costs)