Corporate Social Responsibility

RUNNING HEAD: Management 0
Corporate Social Responsibility

Management 1
Corporate Social Responsibility (CSR) is the integration of socially valuable programs and
practices into the business model and culture of an organization. It helps an organization to be
socially accountable to itself, public and stakeholders. This report comprises the CSR
activities undertaken by Tesla. The company is making consistent efforts for sustainable
development. The efforts undertaken by Tesla for sustainable development have been defined
along with the benefits.
Tesla is an American electronic automobile manufacturer. It was established in 2003 by two
engineers Martin Eberhard and Marc Tarpenning. The company was established to design an
electric sports car. The first car was released by Tesla in 2008 which is completely electric
Roadster. The nature of the organization is slap drop in the middle of CSR. Tesla safeguards
stakeholder’s interest and shared values by gearing its CSR towards sustainability and
ecologically friendly energy automotive production. The accountability of Tesla has moved
afar just the motorized industry and focuses on the eco-friendly clean energy environment on
the universal scale. The company has augmented its CSR to the global level of sustainability
(Carter, 2018). Tesla’s release of the corporate technology patents to the public is one of the
remarkable contributions for the advancement of global enhancement. It is the highest
responsibility of Tesla on its list is CSR through comprehensive enrichment and
environmental sustainability. The company wishes to make sure that the natural environment
is preserved and secured which is addressed through clean energy production. The
stakeholders are also the priority of Tesla and their interest in the quality products at rational
prices. It is attained by discovering reasonable ways in which to produce materials (Yang,
Basile & Letourneau, 2018).
The principles of CSR 2.0 are used by Tesla like creativity, scalability, responsiveness,
glocality, and circularity. Tesla is creative on a regular basis and responds to the innovation
taking place in the environment regarding CSR. As per the Archie B. Caroll’s model,
stakeholders and business affect each other. The relationship highlights the significance of
CSR and stakeholder engagement. The sustainable practices of the company benefit to the
business in the form of the stakeholders. The CSR practices affect directly and indirectly to
the apprehensive stakeholders. For instance, the stakeholders are affected by the nature and
scheme of the electric vehicles, batteries and solar panels. All of these address the ecological
distresses of the stakeholders. It is necessary for Tesla to sustain a suitable CSR strategy in
order to certify the minimal negative impact on and optimal advantage to the stakeholders.
The significant CSR opportunities are used by the company to content the interest of the