Question

How does TESLA organize for innovation? Do they use a closed or an open innovation approach? Is its current approach working, or does it need changing? If it does need changing, in what way?

Answer 1

Solution:

TESLA has been operational in the space of electric vehicles and they have been conducting numerous research through their multiple projects. TESLA has been actively involved in innovating in the space of electric vehicles and they have multiple patents that they have filed in their domain of work. They organize their innovation effectively and ensure that their innovations are utilized in their building of superior quality electric vehicles at an affordable cost. Hence, TESLA has been organizing its innovations by investing them into building their final products that are the electric vehicles.

TESLA has been involved in open innovation since the beginning. They have made public their patents for use by anyone who wishes to work in this domain. This makes the TESLA adapt to the open innovation practices where they share the resources with other researchers to help other researchers in their own research which can together help the innovation in the space of electric vehicles. Hence, it can be deduced that TESLa had been actively involved in open innovation.

These practices have been very effective for TESLA because they have more than hundreds of patents on their brand name and many other researchers have contributed to the work and research of TESLA. HEnce their open innovation practices have led to the overall growth of the company as well as the industry and hence there is no need to change their innovative practices and they should continue with their current innovation processes.

Hence, this is how TESLA manage and organize their innovations.