Integrated Business: Contingency Plan and Executive Presentation

Element

Description

Mission

Tesla’s mission is to accelerate the world’s transition to sustainable energy. Tesla was founded in 2003 by a group of engineers who wanted to prove that electric vehicles can be better, quicker, and more fun to drive than gasoline cars. Tesla wants the world to get away from relying on fossil fuels and join in towards zero emission. In order to create an ecosystem that is entirely sustainable energy, Tesla manufactures a unique set of energy solutions: Powerwall, Powerpack, and Solar Roof. These products allow homeowners, businesses, and utilities to manage renewable energy. Tesla continues to make products accessible and affordable, thus accelerating the advent of clean transport and energy production. ("About Tesla," 2021).

Vision

According to "Tesla Mission Statement and Vision Statement in A Nutshell" (2021), “Tesla’s vision is to create the most compelling car company of the 21st century by driving the world’s transition to electric vehicles.”  Tesla uses a transitional business model to demonstrate how the ecosystem will grow. It shows as Tesla mass produces electric cars people will continue to join the world of electric cars and develop an electric ecosystem. Tesla uses a higher priced segment of the market which enable Tesla to be viable in the short term and achieve its mission in the long run.

Values

Tesla has very simple, yet very important set of core values that should be rehearsed throughout customer service. Tesla’s values state to do your best, take risks, have respect, continuously learn, and be conscious of the environment. These values should be practiced by all workforce employees as well as stakeholders and should reflect the overall attitude of the company. Tesla believes that their performance is because they encourage its employees to take risks and being innovative. Those at Tesla believe that they have come this far because of the broad range of respect from those they have come in contact with.

Structure

The organizational structure at Tesla is a traditional one. It has a managerial focus with limited operational expansion. Elon Musk uses his corporate structure to facilitate extensive control over the organization. His company uses the functional or U-form organizational structure. The structure is grouped based on business function and is listed by which is more significant: function-based hierarchy, centralization, and division. Function- based is broken down as follows 1. Chairman & CEO, 2. Finance, 3. Technology, 4. Global Sales and Service, 5. Engineering, and lastly 6. Legal.

Culture

Meyer (2019), Tesla, Inc.’s organizational culture creates human resource competence necessary for innovative products in the global automotive business. It empowers its workforce to search for ideal solutions that make the business stand out in the automotive industry and the energy generation and storage industry. So, you can say that Tesla has an innovative problem- solving culture. Tesla listed six features as what helped mode the culture; 1. Move fast, 2. Do the impossible, 3. Constantly innovate, 4. Reason from First Principles, 5. Think like Owners, 6. We are all in.