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A new startup in the auto industry can overcome the challenges posed by legacy giants like Toyota and VW by offering unique products or services that the legacy brands don't or can't. They can also leverage technology to create more efficient processes and reduce costs. Additionally, they can focus on niche markets that are underserved by the larger companies. Finally, they can use innovative marketing strategies to build brand awareness and attract customers.
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For example, think about the competition in the auto industry. There are so many automotive companies, from legacy giants like Toyota and VW with great assembly lines and scale to new EV upstarts popping up every day that want to compete and become the next Tesla. With a market cap of over $700B, can you blame them? But with so much competition, how do any of these startups offer something unique that other legacy brands don't can't? A strategy group analysis can help.
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Do you feel trapped to outdo competitors? Better strategies can build a stronger defense against competition and generate higher ROI on your strategic...