S-Curve for businesses and the importance of innovation and adaptation to change

Think of a company you would like to work for or a company in an industry that interests you. You may select a publicly traded company, a small business, a non-profit, or a local or federal government entity (Note: You may not select: Amazon, Google, Apple, Netflix, Target, Walmart, Disney or Microsoft). If you choose a local/small business, much of the data you need to gather will come from interviews either in person, by email, or over the phone. Introduce yourself to your classmates and share some of the knowledge and skills from your business program journey that you could leverage in your role as a business consultant. (Note: Think about the S-Curve for businesses and the importance of innovation and adaptation to change.) Identify the company you have selected. When were they founded? What is the mission and vision of the company? What do they do, and who do they serve? What industry does the company serve? (Be concise) Why did you choose this company? Provide a substantive response to one or more of your classmates. You are encouraged to ask questions to help each other in refining this part of your assignment.

Sample Solution

Company: Tesla, Inc.

Founded: 2003

Mission: To accelerate the world's transition to sustainable energy.

Vision: To create the most compelling car company of the 21st century by driving the world's transition to electric vehicles.

Industry: Automotive

Why I chose this company:

Full Answer Section

I chose Tesla because I am passionate about sustainability and innovation. Tesla is a company that is at the forefront of both of these areas. They are developing electric vehicles that are not only good for the environment, but also some of the most desirable cars on the market.

I believe that my knowledge and skills from my business program journey could be valuable to Tesla in a number of ways. I have a strong understanding of business strategy, marketing, and finance. I am also skilled in data analysis and problem-solving.

I am particularly interested in helping Tesla to develop and implement new strategies for growth and innovation. I believe that Tesla has the potential to revolutionize the automotive industry, and I am excited to be a part of that journey.

Substantive response to a classmate:

Hi [classmate's name],

I'm interested in learning more about your chosen company, [company name]. I'm particularly curious about their approach to innovation. How do they stay ahead of the curve in their industry? What are some of their most successful innovations?

I'm also interested in learning more about their business model. How do they generate revenue? What are their costs? What are their profit margins?

I think it would be great if we could share our findings on these topics. We could learn a lot from each other.

Thanks, [Your name]

S-Curve for businesses and the importance of innovation and adaptation to change:

The S-Curve is a model that shows the evolution of a product or industry over time. The curve starts off with slow growth, followed by a period of rapid growth, and then finally plateaus.

Innovation is essential for businesses to stay ahead of the curve and avoid plateauing. By innovating, businesses can create new products and services, improve existing products and services, and reduce costs.

Adaptation to change is also important for businesses. The world is constantly changing, and businesses need to be able to adapt to new technologies, new regulations, and new customer demands.

Tesla is a great example of a company that is innovating and adapting to change. They are developing new electric vehicles, new technologies for battery storage, and new ways to sell and service their vehicles.

I believe that innovation and adaptation to change are essential for all businesses in order to succeed in the long term.

We are here to help

We have crazy offers

It’s quick and easy to place an order. We have an efficient customer service that works 24/7 to assist you.It’s quick and easy to place an order. We have an efficient customer service that works 24/7 to assist you.

We are here and ready to help

Order Now