Scenario:You are the sales department manager for a U.S.-based company that builds engines for the automotive manufacturing industry. Your company is considering diversifying into other business opportunities where your motors can be sold in order to bolster the company's portfolio and increase revenue. Based on your knowledge of the national sales landscape, your manager would like you to conduct preliminary research and draft a presentation with your recommendation for opportunity in a chosen industry that will allow for this diversification through a new sales division and increased sales. You have been asked to make your presentation at the next stakeholder meeting, where you will address internal stakeholders from across the company as well as external stakeholders such as customers, investors, and suppliers.As a preliminary step in developing this presentation, your manager would like to see an executive summary of your research findings and evaluate your decision modeling.
Directions Part 1: DefineYou will first conduct research on the U.S.-based automotive manufacturing industry using the Shapiro Library database links provided in the supporting materials section below. Then, analysis report that addresses the following:Define the problem.Explain the type of qualitative and quantitative data you will be targeting in your research.Provide a broad description of the U.S. automotive manufacturing industry and its value. Include:Total value of the industrySales by regionSales by fuel type: electric, hybrid, and gasDescribe the current trends in the automotive market.The trend toward different types of motors for the vehicles being made and sold, such as electric and hybridTrends in customer demands such as vehicle color, extra features, and stylesTrends in the body types of vehicles sold (SUVs, trucks, sedans)