3-4 Pages in 48 hours Capstone Assignment wk3 Part 3

3-4 Pages in 48 hours Capstone Assignment wk3 Part 3. See attachments

For this week’s Assignment, you will continue to play the role of a consultant who has been brought in by the CEO of your selected organization to lead a tiger team.
(Tesla)

This week, you will complete Section 1 of your playbook. Be sure to address the requirements for Part 3, and include specific examples (where appropriate) and relevant citations from the Learning Resources or from others throughout the program, the Walden Library, and/or other appropriate academic sources to support your work.

To prepare for this Assignment:

· Return to your WMBA 6990 Assignment Template to complete Section 1—Part 3 of your strategy playbook.

Submit your
3- to 4-page analysis of the purpose of the organization, to include the following:
(Tesla)

Part 3: Analyzing the Purpose of the Organization

· Analyze how organizational purpose can empower a business strategy.

· Explain what a purpose-driven organization is and identify how it can lead to a competitive business strategy.

· Select one of the organization examples that you identified in Part 2 and analyze how the organization’s structure impacts its strategic business practices.

· Specifically, in what ways does/did the organizational structure enable the organization to take advantage of strategic opportunities, have an impact, and/or achieve or maintain a competitive advantage?

Strategy Playbook for Exceptional Results

Report prepared by:

Date:

Walden University

WMBA 6990:
Capstone: Sustainable Business Practices and Strategies

Part 2: Analyzing the Social and Economic Climate

This document will analyze the social and economic climate of Tesla Motors, focusing on the external factors that influence its business strategy. We will examine how the macroeconomic environment can affect the company’s current market position, competitors, and potential scenarios. Additionally, this research will explore how Tesla’s technology and services serve society and how government regulations might impact the viability of its business in the future. Two organization examples will be provided to support these assertions, demonstrating successful business practices.

External Social and Economic Impacts of Tesla Motors

Tesla Motors is an automotive and energy company specializing in electric vehicles, solar energy, and energy storage. As a leading company in the industry, it has positioned itself to have significant social and economic impacts. The external social and economic implications of Tesla Motors can be broken down into four categories: environmental, technological, competition, and regulation.

Environmentally, Tesla Motors produces zero-emission vehicles that run on renewable energy sources, reducing their carbon footprint. Additionally, Tesla offers its customers the ability to charge their cars at home with solar energy, further conserving resources and protecting the environment (Bianca Cardenas, 2021). Technologically, Tesla Motors is at the forefront of developing and utilizing advanced technologies, such as self-driving cars and wireless charging for mobile devices. This has enabled them to remain competitive in the market and provides society with access to improved products, convenience, and safety.

Competition, both with other automotive and energy companies, as well as within the industry, has increased due to Tesla’s success. This has led to lower prices, better efficiency, and innovation as new companies enter the market. Regulation is an ever-present factor in the automotive and technology industries. Government regulations are often necessary to ensure consumer safety, protect the environment, and keep industry leaders honest. Tesla Motors must comply with these regulations, which may add costs or hinder the development of specific products.

Overall, Tesla Motors profoundly impacts the social and economic environment. Its innovative products and services have enabled it to remain competitive while providing society with improved access to renewable energy and advanced technology (Bruijl, 2017). The company must also know how government regulations, competition, and technology can shape its future successes. With a better understanding of the external social and economic climates, Tesla Motors can make informed decisions to remain competitive and continue to innovate.

How The Social Environment Can Influence Tesla’s Business Strategy

The social environment can significantly impact an organization’s business strategy. Social factors include a society’s cultural norms and values, public opinion, market trends, and customer preferences. These elements are essential in how an organization develops and implements its business strategies. Understanding the social environment can help an organization better understand its target markets, adapt to changing customer needs, and develop products and services that meet them.

Cultural norms and values can be particularly influential for organizations. Companies must consider cultural values when developing products, marketing campaigns, and customer service strategies. Public opinion is also essential, as customers’ perceptions can shape their decision-making processes and willingness to purchase a company’s products or services. Negative perceptions can be damaging to a company’s reputation and hinder its success (Kissinger, 2019). Market trends can also influence an organization’s business strategies. Companies must be aware of technological trends, advancing technologies, and customer preferences to modify their products, services, and marketing efforts to remain competitive. For example, Tesla Motors has used technology advancements, such as the development of self-driving cars, to create innovative products and services to remain competitive.

Finally, customer preferences are one of the most important factors that organizations must consider when developing their business strategy. Companies must be aware of their target customers’ wants and needs and adjust their products, services, and marketing strategies accordingly. Companies that can make changes quickly and effectively to meet customer needs are more likely to be successful in the long term.

Overall, the social environment can significantly impact an organization’s ability to develop successful business strategies. Companies must consider cultural norms and values, public opinion, market trends, and customer preferences to remain competitive and successful (Kissinger, 2019). By understanding the social environment, organizations can develop effective strategies to maintain their success, innovate, and adapt to changing customer needs.

Organizational Examples

To support the above assertions, two organization examples will be provided, demonstrating business practices that have proven successful. The first example is that of Elon Musk’s other company, SpaceX. SpaceX aims to develop technology to enable humans to travel to Mars, which has resulted in a surge in innovation and competitiveness (Liu, 2021). The company has demonstrated success factors such as effective risk management, efficient resource allocation, and a high degree of sustainability.

The second example is that of Microsoft. As one of the world’s largest companies, Microsoft has embraced digital transformation, using technology to optimize its processes and encourage growth. They have implemented various strategies, including leveraging cloud computing, expanding into artificial intelligence, and creating an open-source platform. Microsoft has demonstrated success due to their ability to capitalize on emerging technologies and stay ahead of competitors.

References

Bianca Cardenas, P. D. (2021, September 13).
Tesla case study: Complete Assessment of Social/organizational culture, leadership, teams, communication, Talent/Knowledge Management & Recommendations. LinkedIn. Retrieved January 22, 2023, from https://www.linkedin.com/pulse/tesla-case-study-complete-assessment-culture-teams-bianca

Bruijl, G. H. (2017). Tesla Motors, inc.: Driving Digital Transformation and the Digital Ecosystem.
SSRN Electronic Journal. https://doi.org/10.2139/ssrn.3053142

Kissinger, D. (2019, February 19).
Tesla, Inc. Pestel/Pestle Analysis & Recommendations. Panmure Institute. Retrieved January 22, 2023, from https://panmore.com/tesla-motors-inc-pestel-pestle-analysis-recommendations

Liu, S. (2021). Competition and valuation: A case study of tesla motors.
IOP Conference Series: Earth and Environmental Science,
692(2), 022103. https://doi.org/10.1088/1755-1315/692/2/022103

Strategy Playbook for Exceptional Results

Report prepared by:

Date:

Walden University

WMBA 6990:
Capstone: Sustainable Business Practices and Strategies

1

Section 1: The Organizational Profile

Tesla Motors is an American electric vehicle manufacturer founded in 2003 by a group of entrepreneurs, including Elon Musk. It designs, manufactures, and sells luxury electric vehicles, energy storage systems and solar roof tiles. It has its headquarters in Palo Alto, California (Benton, 2022). Tesla Motors has disrupted the traditional automotive industry by introducing its patented powertrain technology, Autopilot, and over-the-air software updates. It is currently the world’s second-largest maker of electric vehicles, behind only Volkswagen Group and ahead of Toyota Motor Corporation. Tesla’s mission is to accelerate the world’s transition to sustainable energy. The company is committed to creating the most inspiring and enjoyable products on the market and achieving the highest customer satisfaction levels in the industry (Dudovskiy, 2021). They prioritize safety and dependability with the goal of driving down costs for their customers. Tesla focuses on providing the clearest and most efficient pathways to sustainable energy.

Part 1: Analyzing the Organizational Culture

Tesla Motors is an innovative, ambitious, and customer-oriented organization with a strong emphasis on ethics, values, diversity, and social responsibility. These principles form the foundation of their culture and guide the company’s actions and behaviors in the marketplace (Dudovskiy, 2021). In this discussion, we will explore how the organizational culture of Tesla Motors has enabled them to differentiate themselves from their competitors and stay ahead of the curve in the highly competitive automotive industry.

Tesla’s Current Organizational Culture

The current organizational culture of Tesla Motors can be classified as innovative, ambitious, and customer oriented. Ethics, values, diversity, and social responsibility play a role in this culture. An example of ethics playing a role would be Tesla’s commitment to sustainable energy, demonstrated by their initiatives, such as installing solar panels at their manufacturing facilities to reduce their carbon footprint (Benton, 2022). Another example of values central to the culture is Tesla’s dedication to creating an exceptional customer experience, from the design of their vehicles to the user-friendly interface of their mobile app. They are also committed to increasing diversity and inclusivity in their workplace and have created a network of resources to foster an environment in which all individuals can contribute and learn. Finally, Tesla is highly committed to social responsibility through initiatives such as their Renewable Energy Program, which provides renewable energy to households in need.

Benefits Of Organizational Culture

Organizational culture is essential to the Success and sustainability of any business, as it shapes how employees interact with one another, the quality of products and services produced, and the organization’s reputation in the market (Meyer, 2019). For Tesla Motors, its organizational culture has significant benefits when positioning itself in the market.

The company’s emphasis on innovation and customer service has allowed it to differentiate itself from competitors, with its flagship electric vehicles setting it apart from traditional gasoline-powered cars (Benton, 2022). This focus on delivering the highest quality products and services to customers has earned Tesla, a reputation as an industry leader and has helped the organization to consistently increase its market share.

Tesla’s commitment to sustainability, in terms of its production processes and products, has also benefited its position in the market. Its initiatives, such as transitioning its factories to renewable energy sources, installing solar panels for their properties, and developing electric vehicles, have attracted the attention of socially conscious customers who are looking for companies that not only care about the environment but also have a track record of taking meaningful action to reduce their carbon footprint.

Tesla’s organizational culture has also been instrumental in creating an inclusive and diverse workplace (Dudovskiy, 2021). This commitment to diversity has allowed the organization to attract top talent from various backgrounds and experiences, resulting in a highly skilled and knowledgeable workforce. This, in turn, has enabled the company to remain at the forefront of innovation and stay ahead of the competition.

All in all, Tesla’s organizational culture has been integral to its Success and positively impacted its position in the market (Meyer, 2019). By fostering an innovative, ambitious, and customer-oriented culture, the company has been able to differentiate itself from its competitors, attract socially conscious customers, and maintain an inclusive and diverse workplace.

How Conditioning and Culture Could Challenge Tesla’s Strategy.

Organizational culture and conditioning can significantly impact an organization’s strategy and its ability to execute it effectively. For Tesla Motors, culture and conditioning could challenge the company’s strategy in various ways. One way is in terms of innovation (Meyer, 2019). The company’s culture is focused on creativity and pushing the boundaries of what is possible in the automotive industry, which can lead to ambitious ideas that may not necessarily align with the company’s overall strategy or be feasible, given its current resources. This can be further complicated by existing conditioning within the organization, as established norms and practices can act as a barrier to new, more innovative ideas.

Another challenge that could arise from culture and conditioning is the company’s customer service. The Tesla culture strongly emphasizes customer satisfaction and delivering exceptional experiences. However, this can sometimes clash with the company’s bottom line (Benton, 2022). Suppose established conditioning within the organization leads employees to take a too-conservative approach to customer service. In that case, it could impede the company’s ability to deliver on its promise of providing world-class customer service.

Finally, culture and conditioning can also affect the company’s workforce. If employment practices or other processes are based on outdated norms, the company’s ability to recruit and retain top talent could be hampered (Dudovskiy, 2021). This could limit the company’s access to diverse perspectives and innovative ideas, which could negatively affect its ability to effectively execute its strategy.

References

Benton, L. (2022, November 30).
What drives Tesla Company culture to Success? Solution-focused thinking. – liberty mind. Liberty Mind – Bringing well-being into the workplace. Retrieved January 15, 2023, from https://libertymind.co.uk/what-drives-tesla-company-culture-to-success-solution-focussed-thinking/.

Dudovskiy, J. (2021, April 23).
Tesla Organizational culture: A brief overview – research-methodology. Research. Retrieved January 15, 2023, from https://research-methodology.net/tesla-organizational-culture-a-brief-overview/.

Meyer, P. (2019, February 22).
Tesla Inc.’s Organizational Culture & its characteristics (analysis). Panmure Institute. Retrieved January 15, 2023, from https://panmore.com/tesla-motors-inc-organizational-culture-characteristics-analysis#:~:text=Tesla’s%20organizational%20culture%20empowers%20its,continuous%20improvement%20of%20the%20business.

Strategy Playbook for Exceptional Results

Report prepared by: Replace this text with your name.

Date: Replace this text with the submission date.

Walden University

WMBA 6990:
Capstone: Sustainable Business Practices and Strategies

1

Executive Summary

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Section 1: The Organizational Profile

Part 1: Analyzing the Organizational Culture

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Part 2: Analyzing the Social and Economic Climate

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Part 3: Analyzing the Purpose of the Organization

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Section 2: Organizational Readiness for Change

Part 1: Evaluating the Health of the Organization

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Part 2A: Evaluating the Need and Opportunity for Change

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Part 2B: Evaluating the Need and Opportunity for Change

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Part 3: Evaluating Organizational Readiness

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Section 3: The Organizational Strategy

Part 1: Developing the Strategy

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Part 2: Validating the Strategy

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Part 3: Implementing the Strategy

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References

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