3-4 Page Capstone Assignment wk2 in 30 hours

3-4 Page Capstone Assignment wk2 in 30 hours. Please see attachments for Assignment

This week, you will continue to compile Section 1 of your playbook. Be sure to address the requirements for Part 2 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.

Submit your 3- to 4-page analysis of the social economic climate, to include the following: Please use
Tesla Motors as the organization. I have included last week completed assignment to help. This is a continuation to do Part 2 Only. Use Assignment Template that’s attached.

Part 2: Analyzing the Social and Economic Climate

· Identify the external social and economic impacts of the organization.

· Examine how the
 social environment can influence the organization’s business strategy. Be specific, including what factors are most conducive to influencing.

· To support your assertions, research and locate at least two organizational examples of business practices that have shown success factors. For each example, do the following:

· Briefly describe each organization (including what type of company it is, what sector/industry it is in, etc.).

· Provide at least one specific example of how each organization employs (or employed) these factors in its business practices. 

References:

Imagine a small town in which a new factory is built. Then think about how that business might impact its local community. You may consider the possible job opportunities that the factory will provide to people living in the area, or perhaps you might think of the potential impact to the environment of gases or other chemicals introduced into the air or water supply as a result of production. Or perhaps, that factory, through its corporate social responsibility practices, can provide services that benefit the neighborhoods and families in its local or even global community. No business operates in a vacuum, and whether positive or negative, it is likely to have some kind of impact based on its business practices. Using these resources, you will consider the social and economic impacts of organizations.

· Lumen Learning. (n.d.). 

The business environment Links to an external site.

. In 
Boundless business. https://courses.lumenlearning.com/boundless-business/chapter/the-business-environment/#:~:text=The%20Social%20Environment

Note: You are only required to read the section titled “The Social Environment.” The time estimate is based on this section only.

In addition to understanding how a business influences the environment in which it operates, it is critical to understand how that environment influences the stability and success of a business. The outside business climate includes financial, political, regulatory, social, and other environmental factors that can have a significant impact on how a business operates and engages with its customers and stakeholders. Remaining aware of the ever-changing needs and influences of society is critical for business leaders so that they can remain competitive in the market while also advancing the organization’s strategic initiatives.

· Duro, K. (2018, March 26). 

The effects of social environment on business

 Links to an external site.

. Imperium Apps. https://imperiumapps.com/the-effects-of-social-environment-on-business/

Gitman, L. J., McDaniel, C., Shah, A., Reece, M., Koffel, L., Talsma, B., & Hyatt, J. C. (2018). 

1.2 understanding the business environment
 Links to an external site.

. In 
Introduction to business. OpenStax. https://openstax.org/books/introduction-business/pages/1-2-understanding-the-business-environment

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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