PowerPoint Assignments | Online Homework Help
As you have explored in this course, ongoing challenges in the business environment are mostly attributed to unethical business practices, failure to embrace technology advancements, and stiff competition among businesses. Imagine that you have been appointed as the Chief Compliance Officer of one of the below companies.
You must prepare a presentation for your suppliers regarding your Supplier Code of Conduct.
****you need to choose the same company you chose for your 1st assignment, BUT the content MUST adhere to THIS assignment rubric/questions**** DO NOT use the same content for this assignment as you did for your first assignment, as your paper will be 1) flagged, 2) it will not meet the requirements for this assignment!!
PowerPoint Presentation
Create a four to six (5-7) slide PowerPoint presentation in which you:
- Summarize your chosen company’s Supplier Code of Conduct information
- In your own words, explain how each aspect of your Supplier Code of Conduct is committed to ethical business practices and society social responsibility.
- Discuss your company’ s stance on each of the following areas:
a. Empowering Workers
b. Labor and Human Rights
c. Health and Safety
d. The Environment
e. Accountability - Identify the key ways that your company’s Code of Conduct has changed in recent years (i.e. have there been any improvements made).
- Examine the manner in which your company’s Supplier Code of Conduct helps the organization operate as a socially responsible organization.
- Provide detailed speaker notes of what you would say if you were delivering the presentation.
- Submit a reference page with at least two (2) quality references from the past 2 years that you have used for this presentation / paper. Note: Wikipedia and other websites do not qualify as academic resources.
Tesla Incorporation Financial Performance:
Students Name:
Institutional Affiliation:
Professors Name:
Course title:
Date:
Tesla Inc. is an American automotive and energy organization and the company has an organization structure that supports a continuous business growth takes a traditional form considering the firm’s managerial focus and control along with the limited operational expansion in the global market. The CEO of the company is Elon Musk. The company specializes in electric car manufacturing and through its solar city subsidiary, solar panel manufacturing Tesla also sells powerwall and powerpack batteries, solar roof tiles, and some related products. The company faces many competition in the market from the well-developed companies such as Ford Motors (Kelly, 2019).. The company is faced by two external factors which determine the company’s success and this include;
Political factors. There are various factors that include the local businesses rules and the regulations, the geopolitical uncertainties which are uncontrollable by the company which have a direct effect on the sales of the company. The government also has a large impact on businesses and the remote of the macro environment. The government incentives that may be produced to so as to enhance the production of certain products and the expansion of the free trade agreement. However since the company operates in various markets, it’s bound to face different political factors and since some of the countries has political instability the company is challenged on the same. This becomes the company’s weakness as it would affect the sales of their product and in turn the financial performance of the company. The company may however be expand its operation when the free trade agreements are expanded as they would expand the company’s operation internationally (Moritz, 2015)
Economic factors. Sales of the Tesla products and services would depend on the economic conditions of the country or the world. Factors such as higher rates of unemployment, less GDP and high inflation in some parts of the country’s and world can affect the sales in great proportion as they would lead to a less purchasing power of the of the customers as the products quality and are high priced and in turn they may reduce the sales of the company in such countries. Also the markets bad impact from the company’s lately launched product which is a high tech car model had a higher price tag making it more expensive as compared to the other cars. It’s also time consuming in delivering the cars a car is ordered it may be delivered after a period if one year making it a weak distribution process (Wulfsberg, 2015,
The primary stakeholders may influence the organizational financial performance through the customers, suppliers, management, employees and the investors as they can affect the operation of the company and also affect the financial position of the company either directly and or indirectly as discussed.
Customers. Tesla’s customers have been known to perceive the company’s products as being of high quality and that of suitable prices that are affordable to all the middle class American in the country. The customer’s loyalty also makes the company thrive as the customers are flexible with the smaller changes in the prices of the firm’s products and they would still purchase the products. The company also has e developed an effective addressing system that addresses the customers’ requirements and any requirements. The company therefore has an obligation to maintain their quality products so as they can be able to maintain their customer’s base as the competing firms like Ford Motors also are working to take over the market base (Topcu, 2018).
Suppliers. Suppliers are important stakeholders in the Tesla’s supply chain. The company now needs to formulate a proper code of conduct since the suppliers determine the firm’s corporate social responsibility. The firm should therefore view them as their employees and be able to come up with the proper compensation and job securities as their bargaining power is also low as they build the facilities for a growing industry in the future. The suppliers should also ensure that they are supplying the company with good quality products at an affordable price as this would impact the financial performance of the company positively as it would lower the costs of the goods sold in the market (Mesmer, 2018).
Management. Tesla’s management is an important decision making body as it has a direct influence on the financial performance of Tesla by conducting effective strategies and the plans for cooperate social responsibility and also for recycling and in reusing the products. The management also has a role in the price setting of the products in the market as this prices would directly affect the sales in the market and ensuring that the company is operating in the best set limits and rules of the country. This would avoid any of the problems that may sales of the cars as in one of the incidences when the cars were held under custody in China where there was claims that the cars had false information. This inspection can be verified before the cars and other products can be released in the market (Chen, 2018).
Employees. Tesla a has a dedicated workforce that is also committed in ensuring that the company’s activities are a success and also ensures that it’s also highly innovative. Tesla has to address some of the concerns in their organization such as proper compensation packages and carrier development plans. Employees have an influence on the financial performance of Tesla Inc. by increasing their productivity and efficiency. An increase in productivity will mean that there is a higher revenue per employee. Therefore the company needs to motivate its employees in being creative and being innovative as this would lead to the development of profitable products according to the customers’ requirements and specification. This also will make them to make an effort in upgrading their skills and their capabilities in the company’s operation (Hsiao, 2018).
Investors. Investors are the people that invest their resources in the company so as they can maximize their returns on the investments. The company therefore has to adopt an effective strategy and plan so as they can increase the financial performance which would definitely attract more investors to invest in the firm. The investors also have an ability to buy the company’s equity stake and or considering equity participation in Tesla Inc. as a result this would shore up the company’s liquidity. When the company has more investors, this means that the company would have plenty of resources that it can use in its operation and also in cases of other research and development the company would be able to have enough resources to conduct for the same (Hsiao, 2018).
One controversial corporate social responsibility concern that is associated with Tesla is that the company is outsourced in some of the plants in china being one of the greatest market for its products. The standards for the workforce conditions and their safety in the past has been good in China after a sudden suicide of workers in the year 2010. At this time, the laborers were being forced to work for an overtime in excess of the rules and regulations of China while not being compensated lowly on their overtime. They were also prone to other health and safety risks and also unsafe working conditions for the labors. The company is also facing some of problems in China highlights posing a bigger threat as its factory in China. The company’s cars are sometimes are held by the customs inspectors in with claims that there is incomplete and allegedly false information on the cars labels. This poses a high risks on the financial position of the company at large (Hsiao, 2018).
By adopting and implementing the above methodology, Tesla would easily be able to increase the implementation and the advancements in the society. Implementing this strategies would also be able to aid Tesla Inc. in maintaining and giving them an added advantage over their competitors as they would be able to provide better services and in the long run the company would be able to realize larger revenues from its market base.
References
Kelly, R. (2019). Leadership Development and Structure—From Egosystems to Ecosystems. In Constructing Leadership 4.0 (pp. 69-99). Palgrave Macmillan, Cham.
Moritz, M., Redlich, T., Krenz, P., Buxbaum-Conradi, S., & Wulfsberg, J. P. (2015, August). Tesla Motors, Inc.: Pioneer towards a new strategic approach in the automobile industry along the open source movement?. In 2015 Portland International Conference On Management Of Engineering And Technology (picmet) (pp. 85-92). IEEE.
Topcu, T. G., & Mesmer, B. L. (2018). Incorporating end-user models and associated uncertainties to investigate multiple stakeholder preferences in system design. Research in Engineering Design, 29(3), 411-431.
Chen, C. J., Guo, R. S., Hsiao, Y. C., & Chen, K. L. (2018). How business strategy in non-financial firms moderates the curvilinear effects of corporate social responsibility and irresponsibility on corporate financial performance. Journal of Business Research, 92, 154-167.
