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Book chapter
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Reference no. BEP8423
Authors: Robert N McGrath
Chapter from: "Capital Project Management, Volume III"
Published by: Business Expert Press
Originally published in: 2020
Revision date: 11-Dec-2019

Abstract

This chapter is excerpted from 'Capital Project Management, Volume III'. As an extension of Volumes I and II of this series, this book contains a very detailed elaboration of the Tesla story, in a way that also serves to examine the interaction of technology and economic forces that determine the evolution of the structural profitability of any industry, especially capital-intense industries. The underlying economics are the 'five forces' introduced to the management lexicon in the strategic management corpus of research. Here there is strong emphasis on the interplay among product technology, production and supply chains, and 'Wall Street'. Many popular media articles are excerpted and abridged to illustrate points of emphasis. This keeps the story alive, meaningful, and urgent. However, the author is a retired business professor, scholar, and researcher, and not an investigative reporter. His abiding research interest has always been the management of innovation and technology, a legitimate branch of management scholarship. For this book, he conducted no interviews and double-checked no media data, though multiple media sources by themselves typically provided cross-checks. This approach does not portend to be any kind of tell-all 'inside story'. It advocates no one person, no one company, no one technology, and no portion past, present, or future of the global automobile industry at large. It accepts the veracity of reported events and turns to their practical and theoretical interpretations.

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Abstract

This chapter is excerpted from 'Capital Project Management, Volume III'. As an extension of Volumes I and II of this series, this book contains a very detailed elaboration of the Tesla story, in a way that also serves to examine the interaction of technology and economic forces that determine the evolution of the structural profitability of any industry, especially capital-intense industries. The underlying economics are the 'five forces' introduced to the management lexicon in the strategic management corpus of research. Here there is strong emphasis on the interplay among product technology, production and supply chains, and 'Wall Street'. Many popular media articles are excerpted and abridged to illustrate points of emphasis. This keeps the story alive, meaningful, and urgent. However, the author is a retired business professor, scholar, and researcher, and not an investigative reporter. His abiding research interest has always been the management of innovation and technology, a legitimate branch of management scholarship. For this book, he conducted no interviews and double-checked no media data, though multiple media sources by themselves typically provided cross-checks. This approach does not portend to be any kind of tell-all 'inside story'. It advocates no one person, no one company, no one technology, and no portion past, present, or future of the global automobile industry at large. It accepts the veracity of reported events and turns to their practical and theoretical interpretations.

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