Tesla in Dubai Essay Example | Topics and Well Written Essays - 500 words

Tesla in Dubai - Essay Example The organization constructed a solid brand picture that catches the consideration of clients through big name sway. The organization creates smooth vehicle models that meet the desires for the clients. The showcasing system through social and conventional media has slung the organization into superstar spotlight. The company’s client â€centric approach has likewise been one of the principle factors for its accomplishment in Dubai. Tesla encourages a solid client relationship, therefore making a positive picture among buyers. The main system accessible for Tesla’s global extension is vital coalition. Tesla has the choice of recognizing different organizations in remote markets that have great execution history and unite with them. The organization can undoubtedly pick up passage into outside business sectors through mergers and acquisitions. Through mergers, Tesla will make joint endeavors with potential rivals in the market while acquisitions will include purchase out of opponent organizations in the market. Mergers and acquisitions in outside business sectors will amplify the company’s client base and furthermore upgrade scholarly capital just as execution efficiencies of the resultant organization (Benjamin, 2006). The second system that Tesla can use to venture into global markets is permitting. This procedure includes entering outside business sectors through renting a company’s licensed innovation rights to a remote firm (Kozami, 2005). Tesla can rent its innovation, licenses, brand name and trademark to organizations in outside business sectors. In this procedure, Tesla would be the licensor while different organizations to which it rents its protected innovation rights would be the licensee. Ireland, Hoskisson and Hitt (2008) contend that â€Å"licensing is famous in light of the fact that it includes minimal direct expense or hazard for the licensor (p.158). Regardless of the way that this system offers a modest outside