Question

Question B1

In 2002, Musk sold his second internet startup, PayPal, to eBay for $1.5 billion. His first company, a Web software firm, was acquired by Compaq. Currently, Musk is the CEO of Space Exploration Technologies (SpaceX) and Tesla Motors, and also the chairman and the largest shareholder of SolarCity, an energy technology company. SpaceX, which builds rockets for companies and countries to put satellites in space, was the first private company to deliver cargo to the International Space Station. It’s reigniting interest in space exploration. Tesla Motors is the world’s most prominent maker of electric cars and is proving that electric cars can be green, sexy, and profitable. SolarCity is now the leading provider of domestic solar panels in the United States. Each of these ventures has transformed an industry: PayPal – Internet payments; Tesla – automobiles; SpaceX – aeronautics; and SolarCity – energy. (Modified from source: Kristoffer Tripplaar/Sipa USA (Sipa via AP Images)

Based on the above case, name the type of problems Musk deal with when developing these new ventures.

just name the type of problems only !

thanks!!!

Answer 1

The following problems may arise: -

1.Money- Money is necessary. Unless you’re remarkably lucky and the cash flows in straight away, either from sales or investors, money is going to be an issue sooner rather than later.And when cash flow issues hit , they can hit hard, delaying important progress like rolling out products, hiring key staff, or fitting new offices.You’ll need capital to fund software or product development, office space, marketing, and more. Most of your success will flow from that initial investment.

2. Scaling up-So your products or services are experiencing phenomenal growth — lucky you! But now you’re finding yourself with a whole new set of headaches as you try to scale to match this increased demand. If you have a plan and the cash to fund, great. If not, then prepare for a painful process.

3.Competitors-When it comes to your competitors, you need to hit the right balance between “us” and “them.” Don’t define yourself solely in relation to your competitors: you need to be confident about what you’re bringing to the table, too.