Corporate Social Responsibility (CSR) relates to the actions of an organization and the effects on the environment and social wellbeing. It is about the way that the company assesses its actions and takes responsibility for this. (Investopedia, n.d.) CSR is a management concept whereby companies integrate social and environmental issues in their business operations and interactions with stakeholders . The company aims to achieve a balance of economic, environmental and social objectives, while also listening to the needs of stakeholders. (UNIDO, n.d.) Within Tesla, corporate social responsibility is very important.
Stakeholders and businesses have an effect on one another, thereby emphasizing the importance of company social responsibility and company citizenship. Tesla’s automotive business directly and indirectly affects stakeholders. As such, it's essential for the company to keep up an adequate corporate social responsibility strategy to make sure lowest negative impact and best profit to stakeholders. With a powerful brand as a manufacturer of electrical vehicles, Tesla has vital opportunities to point out the globe what a serious international firm’s company social responsibility efforts will do to satisfy the interests of stakeholders. Tesla Motors, Inc. addresses stakeholders’ interests through a company social responsibility strategy that focuses on property and environmental friendliness of automotive products.
Electric cars are the new automotive craze. Being able to go hundreds of miles on a single charge for a full charge that cost less than three dollars, in a car that produces no greenhouse gases (Carroll). Not burning harmful fossil fuels and receiving a tax break should be reason enough to trade in the dirty dinosaur powered machine in for a clean electric car. Yet electric cars are still not a better option compared to regular fossil fueled cars. Due to electric cars being impractical, the process of generating electricity for the cars, and the repercussion of the batteries and cost of the cars all add up to make electric cars as harmful as fossil fueled cars.
This statement reiterates that as a corporation in the automotive industry, they must strive to meet high standard goals and can not be short of those standards, else failure will engulf them. The first mechanism, Mr. Marchionne has implemented is the language he uses while instilling the changings and rallying employees. One such saying is presented in the beginning paragraph. The CEO has applied the no mediocracy slogan in the marketing campaign.
Topic The purpose of this paper is provide the reader with information on the Citizens United v. FEC case in order to further educate said person on how this decision has impacted human resource departments throughout the business world. The outcome of the case has been touted as an instant landmark for businesses in the U.S. as it delved into important topics ranging from a person’s First Amendment right to free speech to whether corporate interests are crowding out legitimate individual influences. This is a relevant topic in today’s society as ethical v. economic decisions are now being viewed as corresponding responsibilities for corporations to maintain. The parties and laws involved The following is an analysis of the Citizens United
The article I have chosen asked the question, “why aren’t insurance rates dropping as cars get safer?” The article presented many reasons for why insurance rates aren’t dropping in the auto industry. Premiums haven’t been proven to increase but they certainly aren’t decreasing. The simplest way to answer the question is: cars are getting safer, but the drivers aren’t getting any better. The lack of efficient driver’s education has strengthen this clause. While vehicles are getting safer overall, these cars are getting more expensive to repair; this costs the insurance companies more money.
The automotive industry is facing changes due to ecological impacts on the environment. Many automotive manufacturers such as BMW and Audi are now entering into the electric car industry where Tesla has established itself in. In this environment, there is a need for rapid innovation a firm 's capability to produce new technological products become crucial to survival in this industry. For this reason, human relations management will be beneficial to an organization as it allows creativity in employees who will be able to respond to changes in the environment efficiently and quickly which gives a company flexibility. "CEO Elon Musk created a master plan to compete with other automotive manufactures which were to Build sports car, use that money to develop an affordable car, use that capital to create more affordable vehicles, produce zero-emission electric vehicle power generation options (Tesla)."
Company may face tough decisions regarding the management of their stakeholders. For example, company must ask what is right for their specific situation or set of needs and how to balance competing stakeholder claims. This results in the broader question of whether stakeholder engagement is a precondition for organizational decision making. Company that provides environmental information is said to be environmentally responsible to their actions and decisions in doing their business activities. If stakeholder believes that company is responsible to the environment, the relationship between company and stakeholder is stronger.
Lesson Two Case Studies “Crash Safety Rating” Kalpana Baidhya MGT 620: Operation Management & Supply Chain Dr. Arun Dev Bhattarai July 11, 2015 Crash Safety Ratings Introduction In today’s context crash safety measures are the major concern for car manufacturing company. The buyers are more aware with the safety and features of the vehicle which provides them the ease of life anywhere they are. Safety is at the top list of considerations when buying a new or a used vehicle because it is related with protecting life of driver and other road users. Vehicle rating provides an indication of relative protection level during the time of crash. A common trend is that some provides good protection for the drivers and present a high risk of
I believe spending this term on this topic will greatly benefit me, and from it I will learn a lot about the current technology terms and environmental conditions. I have done some research on this topic before, and I have heard some debates also. I know that there are electric cars, gasoline cars and hybrid cars out there, and I have learned from some news stories that cars are one of the larger contributor to the pollution of our air with usage of gasoline. However, I do not know but wish to learn about the cost of manufacturing a electric cost, and how much environmental damage it creates compared to how much it could save. I also want to know if the electric car is durable for long distance travel, and whether the usage of electricity have any harm to society and the environment.