Ethics #9

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University of Montana *

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BGEN-220E

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Business

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Feb 20, 2024

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docx

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Uploaded by DukePencilFly23

A real-world business making decisions using stakeholders in their process is Tesla. The article I found was under Tesla News on the Tesla website, titled “Master Plan Part 3”. It discusses the company's stance on how the current economy is wasteful and argues ways that Tesla can improve this problem. Tesla believes that they can solve this problem through their electric vehicles. Tesla states they can solve this by “Cleaning up our electricity grid, driving electric cars, using efficient heating and cooling, cleaning up high-temperature processes, finding green ways for planes and boats, and lastly building a green energy economy.” One of the things that can support Tesla's business proposal is internal and external stakeholders. Stakeholders internal to Tesla, Inc. are individuals or groups who have a direct interest in the company's operations and success from within the organization, such as employees. Employees have material values such as compensation and benefits. An abstract value is job satisfaction and work-life balance. Other internal shareholders for Tesla are management executives and engineering teams. However, Tesla also has many external stakeholders. This refers to anyone outside of the organization who has an interest in or is affected by the project. One of Tesla’s most important external stakeholders is its customers. Customers' material value is product quality, and their abstract value is trust and reputation. Other external shareholders include suppliers and partners, investors, government and regulatory bodies, and the media/press. The Tesla Team. (2023, April 5).Tesla Master Plan Part 3. Tesla News, 1-39. https://www.tesla.com/ns_videos/Tesla-Master-Plan-Part-3.pdf

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