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A real-world example of a company successfully navigating a market inhibitor is Tesla's approach to the electric vehicle market. Initially, the electric vehicle market faced several inhibitors such as high production costs, limited battery life, and lack of charging infrastructure. Tesla navigated these inhibitors by investing heavily in research and development to improve battery technology, reduce production costs, and build its own network of charging stations. This strategic approach allowed Tesla to overcome these market inhibitors and become a leader in the electric vehicle market.
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Market Drivers, also known as tailwinds, are favorable conditions that help push toward your strategic goals. Market Inhibitors, or headwinds, are potential obstacles that might slow down or derail your efforts. For example, if your company makes electric cars, a tailwind might be high government subsidies; while a headwind could be unstable to the supply chain.
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How to use market trends to bring in new business opportunities? This Market Research presentation provides tools that organize, present, and evaluate...
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