Question

Select any company of your choice from Automotive industry (it can be car manufacturer or supplier of parts, etc.) and identify the management decision problem that it may face. It can be anything you like (for example, expanding market share, improving loyalty, or acquiring new customers, etc.) but you need to explain why it is important. Your job is to find as much useful and relevant secondary data as possible to solve the problem in question. You should check both internal (company’s website) and external (Internet, Australian Bureau of Statistics, etc.) data sources and explore both qualitative and quantitative information. In your submission, you should provide only the sources of relevant secondary data (at least 3), how these sources were found and what information they can provide. Do not submit the actual information, i.e. do not copy/paste a table from annual report. Instead, discuss what information the annual report can provide to address the problem.

Answer 1

The example company chosen is Tesla, and the management decision problem identified is expanding market share.

Step-by-step explanation:

For this assignment, I chose the automotive company Tesla as an example. The management decision problem that Tesla may face is expanding market share. This is important because increasing market share can lead to higher sales, revenue, and profitability. To gather information for this problem, some relevant secondary data sources include Tesla's annual reports, industry reports from automotive market research firms, and financial news articles.