Final answer:
Elon Musk might analyze Under Armour's innovation and market reach as strengths, while noting competition and market volatility as risks. Kevin Plank could praise Tesla's technology and leadership while cautioning about production and regulation challenges. Both would acknowledge the shift from personal relationships to broader investor engagement as firms establish themselves.
Step-by-step explanation:
Elon Musk and Kevin Plank discussing their respective firm's strategy strengths and risks could involve a deep dive into areas such as innovation, brand positioning, market expansion, and financial stability.
For Plank's firm, Under Armour, Musk might assess strategy strengths like their ability to innovate and capture key athletic demographics, while also pointing out strategy risks such as intense competition and reliance on the fluctuating demands of the consumer sportswear market. Conversely, Plank might commend Musk's Tesla for its groundbreaking electric vehicle technology and market leadership as strategic strengths, yet highlight risks such as the challenges of scaling production and potential regulatory hurdles as strategic risks.
Both executives may explore the notion that as their firms grow, they transition from relying on personal relationships to attract investment, to leveraging widespread recognition of their products, revenues, costs, and profits. This maturation could attract outside investors such as bondholders and shareholders, who are less reliant on knowing managers personally. Moreover, Musk and Plank could discuss the critical importance of strategic communication and understanding rival strategies, akin to the high stakes environment of the Cuban Missile Crisis or competitive chess, affirming that business strategies need to anticipate and react to competitor moves.