A company like Tesla, which is heavily reliant on product design and innovation, might encounter several risks in the product or design category. These could include:
1. Design flaws: These could lead to product recalls, damaging the company's reputation and causing significant financial loss.
2. Technological obsolescence: Rapid advancements in technology could render a product obsolete before it even hits the market.
3. Intellectual property infringement: If a design is not properly protected, it could be copied by competitors.
4. Regulatory compliance: Failure to comply with safety and environmental regulations could lead to fines and sanctions.
5. Supply chain disruptions: These could delay product launch and impact the company's market position.
Did you know the Model 3 was one of Tesla’s biggest risks? Our Risk Management deck reviews the top...
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