Question

Identify three principal stakeholder groups of Tesla and identify the important requirement that each of these principal STAKEHOLDER groups has on te organization?

Answer 1

The three principal stakeholder groups of the TESLA and the requirement of these principle groups on the organization are as follows:

Communities

Tesla Inc is an automotive business which directly satisfies the concern of the communities. The communities determine the brand image by their activities and responses to the business. The one of the major interest of this stakeholder group is to make sure that the environment is protected and conserved. Communities are satisfied because of the environment friendly technology used by the company such as the electric automobiles, solar panels, and reusable batteries.

Government

The stakeholder’s group interest may include the legal compliance and the contribution of the business to the economic growth. Government is that group of stakeholders that present limits, requirement and opportunities to the business. If the interest of the government is satisfied by the company then only the business can run long because it is in the hands of government to impose requirement that influence the operational activities of the business.

Customers

The customers are another principal stakeholders group because the revenue of the company is only because of the customers so they are also the principle stakeholders group. Company gives high priority to these stakeholders by corporate social responsibility programs for them. The CSR approach also improved the experience and the satisfaction of the customers and also ensures that the interest of this stakeholder group is satisfied.