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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Wk3 Apply business plan

Wk3 Apply business plan

Q As a manager and developer of your Business Plan, it is necessary that you re-examine your current consumer base to ensure your recommended solution is aligned with consumer preferences and needs. Strategic managers determine the accuracy of target markets and make necessary adjustments. As part of your Business Plan, develop a Consumer Needs Assessment Report. A Needs Assessment refers to a systematic process of collecting information to help management teams make informed decisions to drive change, organizational solutions, and ultimately, improve organizational performance. The results of a Needs Assessment not only can provide managers with direction but also a justification of recommended solutions and initiatives. Develop a Consumer Needs Assessment Report to support your Business Plan. In 525-700 words, complete the following in your report: • Propose relevant information to be gathered on your target market consumer. • Formulate how and when the information of your target market will be collected. • Elaborate on how the target market information to be gathered aligns with the impetus for change in your selected organization, addresses identified challenges, and aligns with strategic management principles. Format your assignment according to APA guidelines.

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For the Wk 3 apply business plan I have chosen the company, Tesla. As we all know that Tesla cars are not affordable to most people. So the company tries to target those consumers who are working adults and have been earning money for few years (Hisrich, Peters &Shepherd, 2020). Tesla has selected the group that has the largest income and wants to spend it on a more expensive car (Hisrich, Peters &Shepherd, 2020).