Question

Organizing for Innovation:

1. Do think you Tesla will become a household name in the auto industry with its electric vehicles? will they achieve an affordable electric vehicle for the masses?
2. Would you agree with the idea that flexible and open environment is conducive for employees to innovate, Why or why not?
3.   How much of Tesla’s success or failure would attribute to Elon Musk? would you in any way compare it to Apple and Steve Jobs?

Please answer in a paragraph for each question! Thank you!

Answer 1

Part 1)

Yes, I believe Tesla will become a household name in the auto industry with its elective vehicles. To achieve the affordable electric vehicle will take some time as the current investment in R&D is too much. Over the time period customer will realise long term cost advantages of the electric car and it will fit a certain segment.

• Automobile revolution: Tesla electric vehicle price performance helps achieve lower operating costs and is a big gamechanger for the automobile sector of the world.
• The autopilot aspect of the car makes it a big disruptor in the market & helps in creating differentiated market value and IP.
• Electrification of cars has made it a successful product. An example would include the success of Model S & X. The model 3 gets 215 miles of range on a single charge.
• Tesla has made electric cars look more desirable and elegant making it better than any other competitor in the market.

The simple reason this electrification, automation technology in automobiles is characterised as disruptive because of the innovation it has got to the entire transportation sector.

Tesla today enjoys a leading position in the electronic car sector because of vehicle driving range, battery cost efficiency and ton-mile per KWH. This has shown how Tesla can be a leader in the $7trillion dollar industry of transportation.

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Part 2)

Yes, I believe that the idea of a flexible and open environment is super conducive for employees to innovate and ideate more. It leads to the overall positive work environment and a great workplace culture.

• Such an open environment leads to knowledge degradation and skill development which help team members to work better and stay motivated.
• It created a positive impact, motivates the team and also leads to a reduction in conflicts
• Help to bring efficiency and increase in productivity in an equitable manner. Teams adapt to a learning environment where communication is effective and everyone is given consistent knowledge and resources.
• Teams adapt to a learning environment where communication is effective and the decision is taken in a better manner.
• Having the right attitude and open-minded approach helps the organization to move forward and work towards its vision.

It brings a diversity of thoughts, ideas and solutions to various organisational challenges. It brings creativity and the culture of innovation in the team leading to more success. It is important to understand each and every employee in terms of skills, journey and personal goals. It helps to manage the team well.

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Part 3)

Overall Elon Musk profile involves:

Elon Musk - Tesla & SpaceX
Founder of PayPal company, Tesla amongst others, considered to be one of the brightest business & scientific minds around today.
- Musk is amongst the smartest people alive today and his companies are built on ideas of sustainability and moving the human race forward which has garnered him and his companies a distinct identity.
- He has appeared on several television broadcasts and public forums, communicating his vision for planet earth thereby making him one of the most popular world leaders today.
- His companies are on way to change the world for the better cementing his place in world history.   

I believe that Tesla's success should be directly attributed to the leadership style and vision of Elo Musk. He has been a greatest entrepreneur in recent times and has made Tesla a disruptive company. I would definitely compare it with Apple & Steve Jobs as both the leaders supported innovation, open team culture & wanted to create innovation & products which are helpful for humanity.

Tesla has inspired many new startups and companies both old and new working in the sector to adopt these technologies and bring the change necessary for the automobile industry. It has re-defined the way transportation is now perceived and has helped in bringing such innovations which may have huge research & development expenditure at present but promises to impact many communities for a longer duration.

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