Innovative Business Analysis and Marketing Strategies: Unraveling Teslas Success in the Digital Age

This research examines the innovative business analysis and marketing strategies employed by Tesla, a leading electric vehicle manufacturer, in the digital age. The study analyzed Teslas business model, marketing strategies on social media and word-of-mouth (WOM), and the impact of these strategies on its success. Data was collected from publicly available sources, including Teslas official website, social media platforms, and industry reports. The analysis utilized SWOT and 4P frameworks to assess Teslas business model and marketing strategies. The study found that Teslas success can be attributed to its vertically integrated business model, its focus on sustainability and innovation, and its effective use of social media and Word of mouth (WOM) marketing. Teslas strategies have created a strong brand image, fostered customer loyalty, and driven significant market share gains. The findings suggest that companies in the automotive industry and other sectors can draw valuable lessons from Tesla's innovative approach to business and marketing in the digital age.

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Publication Details

Journal
Advances in Economics Management and Political Sciences
Published
2024-12-26
DOI
https://doi.org/10.54254/2754-1169/2024.18597
Primary Topic
Big Data and Business Intelligence
Type
article
Field-Weighted Citation Impact
0.00
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article

Innovative Business Analysis and Marketing Strategies: Unraveling Teslas Success in the Digital Age

Ruixue Fu
Advances in Economics Management and Political Sciences
Big Data and Business Intelligence
article

Innovative Business Analysis and Marketing Strategies: Unraveling Teslas Success in the Digital Age

Ruixue Fu
article en

Abstract

This research examines the innovative business analysis and marketing strategies employed by Tesla, a leading electric vehicle manufacturer, in the digital age. The study analyzed Teslas business model, marketing strategies on social media and word-of-mouth (WOM), and the impact of these strategies on its success. Data was collected from publicly available sources, including Teslas official website, social media platforms, and industry reports. The analysis utilized SWOT and 4P frameworks to assess Teslas business model and marketing strategies. The study found that Teslas success can be attributed to its vertically integrated business model, its focus on sustainability and innovation, and its effective use of social media and Word of mouth (WOM) marketing. Teslas strategies have created a strong brand image, fostered customer loyalty, and driven significant market share gains. The findings suggest that companies in the automotive industry and other sectors can draw valuable lessons from Tesla's innovative approach to business and marketing in the digital age.

Advances in Economics Management and Political SciencesVol. 137(1)
Hong Kong Baptist University (HK)
Industry, innovation and infrastructure
Openalex Percentile: Top 62%
Big Data and Business Intelligence
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