BUS400_Week 5 Discussion Post 6 Document

The company I selected for my project and to research was Tesla, Inc. I am

beyond amazed by the different feats this company has accomplished, leading

to a genuinely innovative world and one superior in technology. Like him or not,

Elon Musk has changed the game immensely in terms of competition and has a

set standard for other companies. With that said, I believe with respect to CSR

and DEI, the company has made tremendous strides in these areas, which in part

has made them as successful as they are. So let's address a couple of questions:

1.) What is the company's position on DEI? Do they have a clear policy or

initiative around it? Yes, absolutely on the company website, we can find what

is called the U.S. Diversity, Equity, and Inclusion Report, which outlines, as the

company says, "the current state of our DEI position and actions we are taking to

engage with employees, candidates and community members, as we encourage

talented people from all backgrounds to join us on our mission to accelerate the

world's transition to sustainable energy. We look forward to sharing further

progress in future reports as we continue to innovate and enhance our diversity,

equity and inclusion practices" (Tesla, 2020).

2.) What actions could you take to ensure a diverse, inclusive, and equitable

project team is assembled? Take charge of the project myself by directly

appointing the people in charge to safeguard these initiatives and ensure they are

carried out efficiently and effectively. Hold high-quality standards and be

capable of holding individuals accountable for their actions, both positive and

negative. A well-structured team is like a well-oiled machine. If you take care of

it, it will take care of you.

3.) What is the company's commitment to CSR and how does it affect their

profitability or image in the market? Yes, the company has its annual impact

report, which lays out CSR standards. The following excerpt is from the latest

report and lays out the position the company takes on this issue. "Current

environmental, social and governance (ESG) reporting does not measure the

scope of positive impact on the world. Instead, it focuses on measuring the

dollar value of risk / return" (Tesla, 2022).

4.) How does your product or service align with the company's CSR program,

and how can you leverage this position as a competitive tool? Again, this comes

back to the company and its mission statement, which in part says, "Tesla builds

not only all-electric vehicles but also infinitely scalable clean energy generation

and storage products. Tesla believes the faster the world stops relying on fossil

fuels and moves towards a zero-emission future, the better" (Tesla, 2022). This

reaffirms the company's commitment to the CSR framework, which only seems

to get better and better on a yearly basis.