Risk Assessment and Management in Tesla Motors Inc.
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Added on 2021/04/16
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The assignment involves analyzing risk assessment methods, organizational structures, and industry trends in Tesla Motors Inc. It draws on multiple sources, including academic articles, business reports, and case studies, to provide a comprehensive understanding of risk management in the electric vehicle industry.
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Running head: Health Informatics1 Health Informatics by Course: Tutor: University: Department: Date:
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Health Informatics2 Kain, N. (2016). VALUATION OF TESLA MOTORS, INC. Retrieved from http://studenttheses.cbs.dk/bitstream/handle/10417/6007/norbert_kain.pdf? sequence=1 This article is on the valuation of Tesla Motors Inc. It used four classifications of valuation approach models to analyse Tesla. More specifically, the study examines the external analysis of the company using the PEST analysis and the Porter’s five forces analysis to examine the automotive industry such as the threat to new entrants and substitutes among others. This survey will be significant to the research in that it will provide information on the threats and vulnerabilities that might affect Tesla Inc. Lehtinen, P. (2015). The advancement of electric vehicles-case: Tesla Motors. Disruptive technology requiring systemic innovating. Retrieved from http://tampub.uta.fi/bitstream/handle/10024/97521/GRADU-1435294550.pdf? sequence=1&isAllowed=y The author presents a study of the improvement of electric vehicles with a particular focus on Tesla Inc. while attributing the success of the company to tits disruptive innovation. The researcher’s data covers a wide range of automotive industry. The author concludes by asserting that the objective of Tesla is to transform the world into sustainable energy and transportation through the use of harnessed natural energy. However, it is the focus of the article on the background information of Tesla Inc. that will be useful for the research. Marhavilas, P. K., Koulouriotis, D., & Gemeni, V. (2011). Risk analysis and assessment
Health Informatics3 methodologies in the work sites: on a review, classification and comparative study of the scientific literature of the period 2000–2009.Journal of Loss Prevention in the Process Industries,24(5), 477-523. Retrieved from http://risktr.com/dokumanlar/risk%20analysis%20and%20assessment %20methodologies%20in%20th%20work%20sites.pdf The objective of this study was to ascertain, examine and discuss the standard risk assessment methods and techniques used by conducting a literature review of extant scientific researchers. The study categorizes risk assessment methods into three namely quantitative, qualitative and hybrid. This review will be of significance to this study because it will provide information as to the best risk assessment method to be adopted in the study. Nisar, A., Palacios, M., & Grijalvo, M. (2016). Open organizational structures: A new framework for the energy industry.Journal of Business Research,69(11), 5175-5179. Retrieved from https://www.researchgate.net/profile/Arsalan_Nisar_Shah/publication/ 302593505_Open_organizational_structures_A_new_framework_for_the_energy_ind ustry/links/5768454108ae7f0756a224e1/Open-organizational-structures-A-new- framework-for-the-energy-industry.pdf This article discusses the innovation and organizational design of 8 different energy companies including Tesla Inc. it identifies the external and internal factors that affect the innovation process of the Tesla Company. The organizational structures are summarized and, a brief conclusion is included on the impact of organizational boundaries and open structures on business performance. The authors indicate that the
Health Informatics4 organizational structure adopted by Tesla is key to its management success. This is an essential source for getting an outline of the organizational structure of Tesla Inc. Van Den Steen, E. (2014). Tesla Motors.Harvard Business School Case, 9-714,413. Retrieved fromhttps://www.sobtell.com/images/questions/1496215649-tesla_2.pdf This article addresses the historical background of the evolution of the automotive electricindustryandthetakeoverofTeslaMotors.Itprovidesthevarious components that make up the entire Tesla Inc. for instance, the article outlines the total number of store outlets of Tesla worldwideand the several systems that make up Tesla such as the design, manufacture, and sale of complete cares, production, and storage of energy systems, car service centers, and charging points. It also outlines the sales revenue of the company and alongside its R&D activities. This is a helpful source for ascertaining the areas of risk assessment and the companies’ market reputation.