Question

Prepare a report for the management of Tesla Motors which critically examines how the adoption of a Balanced Scorecard approach could be used to measure the performance of the organisation

Answer 1

Tesla Motors Balance scorecard could be as follows for the Management to be used as a measure of performance of whole organization-

1. Financial perspective-

A. Tesla's revenue recorded $24.6 Billions grew by more than 100%

B.Tesla's losses came down by 18% YOY to $862 Millions from 2018.

C. overall debt is also reducing substantially.

2. Customer perspective-

A . Wireless software updates

B. Superior service options through Tesla Rangers

C. Highest ratings of consumer reports and Services center has significantly increased

3. Internal Business Process

A . Bringing Complete Manufacturing under it's own control

B. Increasing collaboration with many suppliers

C.Cost efficient Acquisition are being done

4. Learning and Growth

A. Empowerment of sales and Customer agents

B.Introduction of cybertruck which is s new age product

C. Leading Innovation services and Increased efficiency of employees.