Impact of Eco-friendly products on organizational performance in today’s globalized business environment: Evidence from Tesla in the UK.
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This research project aims to evaluate the impact of Eco-friendly products on business and environment performance, with evidence from Tesla in the UK. It includes a literature review, research methodology, and research outcomes.
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Table of Contents TITLE....................................................................................................................................1 CHAPTER 1: INTRODUCTION...................................................................................................1 1.1 Research Background.......................................................................................................1 1.2 Research aims and objectives...........................................................................................1 CHAPTER 2: LITERATURE REVIEW........................................................................................2 2.1 Importance of Eco-friendly products in the globalized business process........................3 2.2 Eco-friendly product in context of Tesla.........................................................................3 2.3 Benefits that Tesla get from its Eco-friendly product.....................................................4 2.4 Eco-friendly product influences over environmental performance of Tesla...................4 CHAPTER 3: RESEARCH METHODOLOGY............................................................................6 3.1 Research philosophy:.......................................................................................................6 3.2 Research approach:..........................................................................................................6 3.3 Research Methodology....................................................................................................6 3.3.1 Sampling method...........................................................................................................6 3.3.2 Data collection:..............................................................................................................6 3.3.3 Research instruments, strategies or techniques:...........................................................7 3.2 Secondary Research:........................................................................................................8 3.2.2 Ethical issues:..............................................................................................................9 3.3 Conclusion.......................................................................................................................9 CHAPTER 4: DATA PRESENTATION, ANALYSIS & DISCUSSION.....................................9 4.1 Discussion on the basis of primary source....................................................................11 4.2 Discussion on the basis of secondary data....................................................................19 CHAPTER 5: RESEARCH REFELECTION...............................................................................20 5.1 Critical reflection of research method...........................................................................20 5.2 Critical analysis of Alternative research methods.........................................................21 CONCLUSION.............................................................................................................................21 Appendices....................................................................................................................................23 1.1 Research presentation slides.........................................................................................23 ........................................................................................................................................................27
........................................................................................................................................................28 1.2 Survey Questionnaire.....................................................................................................35 1.3 Research Proposal form.................................................................................................35 1.4 Research ethics Form....................................................................................................46 REFERENCES.............................................................................................................................50
TITLE Impact of Eco-friendly products on organizational performance in today’s globalized business environment: Evidence from Tesla in the UK. CHAPTER 1: INTRODUCTION 1.1 Research Background Sustainable businesses are more capable to cut down on waste cost and energy, which will in move have a positive or favourable impact on the business environment. Sustainable business also help an organisation at global level to recruit knowledgeable candidates and motivate their existing employees. As it will support an organisation in development of its growth and success globally.Along with this, globalisation and its effect on the environment maximised consumptions which leads to increase production of goods. Eco-friendly products are products that do not harm and impact the environment whether in their disposal,useorproduction.Inaddition,theseproductshelpenvironmentbyessentially decreasing pollution they could produce. Eco-friendly products prevent contributions to water, air and land pollution (Leonidou and et. al., 2015). For this research project, Tesla is chosen organisation that produce Eco-friendly products to the customers. It is an American energy and automotive company that specialise in manufacturing of electric car through its SolarCity subsidiary, solar panel manufacturing. It was founded in 2003 by Martin Eberhard, Elon Tarpenning, J.B. Straubel, Elon Musk and headquartered in Palo, Alto, California, U.S. and worldwide. Main purpose of conducting this report is to find out main impact of Eco-friendly products on business and organisational performance. This report is based on different questions which includes formulation of research aim and objectives, literature review, research methods and research outcomes by using questionnaire. 1.2 Research aims and objectives Eco-friendlyproductsarethoseproductsthatdonotharmsociety,environment, organisation, whether in their production use and disposal. Tesla is much more than an Eco- friendly Car or products. If gas is the number one fuel for cars in all around the world, cars of Tesla are using electricity as their fuel (Katsikeas, Leonidou and Zeriti, 2016). It makes a large 1
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effect on the environment pollution as electrical energy lives no trace whatever in the air and the noise is minimal. Therefore, Eco-friendly car are beneficial for organisational and environmental performance by reducing exhaust emissions, Cheaper to maintain and No direct pollution. Along with this, Eco-friendly cars provide different benefits in increment of business performance such asAccomplishment of CSR activities, High customer attention and Less possibilities of legal consequences. In context of environment, No direct pollution, Cheaper to maintain and Reduced exhaust emissions are consider major benefits which helps in improvement of environmental performance. Research aim The aim of this research is to evaluate the impact of Eco-friendly products on business and environment performance. It aims to provide evidence from Tesla UK. Research objectives To understand the importance of Eco-friendly products in the globalized nature of business To evaluate the impact of Eco-friendly products on Tesla’s operational performance To evaluate the impact of Eco-friendly products on Tesla’s environmental performanceTo provide recommendation for Tesla on how to operate in global business environment while maintaining environmental and operational performance Research questions What are the Importance of Eco-friendly products in the globalized business process? What does Eco-friendly product means in the context of Tesla? What are the benefits that Tesla get from its Eco-friendly product? How does Eco-friendly product influence over environmental performance of Tesla? CHAPTER 2: LITERATURE REVIEW Literature review also known as a type of review article. This is a type of scholarly paper, which includes the actual understanding about substantive findings as well as methodological and theoretical contribution to a specific research topic. Review of literature are secondary sources and do not report first hand or new experimental work. This section of research project support researcher to analysis information or data in detailed and in-depth way. Under this part of research, researcher will be addressed each objectives of study in systematic manner. 2
2.1 Importance of Eco-friendly products in the globalized business process Eco-friendly products are products that do not harm or damage the business environment whether in the production, disposal or use. There are different advantages of eco-friendly products within globalised business process. These advantages includes, saves energy, low maintenance, costs less, improves environment, saves water, improves health, improves mental health, saves materials, saves environment etc. These are major importance which will help an organisation in development of its growth and success at global level. No direct pollution:Eco-friendly products help an organisation in reduction of reliance on fossil fuels that harm on environment such as oil, petroleum and natural gas. Since electric cars follow battery power to drive the motor as well as do not burn petrol, they create zero direct carbon emissions. Cleaner even on fossil fuels:Electric cars as a type of eco-friendly product that is produce much less pollution and not harm on environment than a car’s internal combustion engine. Even following electricity from coal, an electric car is around 4 percent more efficient than a petrol-powered car (The Benefits of Environmentally Friendly Transport,2019). Safety: One of the main advantages of eco-friendly cars of Tesla is their lower centre of gravity, that makes them little likely to roll over. The body construction and durability of Tesla also make them more safer in a collision. 2.2 Eco-friendly product in context of Tesla. There are different number of eco-friendly products such as clothing, Reusable coffee cups, recycled toilet paper, reusable bags, cling products, recycled toys, accessories. Electric car etc. These products have direct or positive impact over environmental performance. As per the view presented byHorng and et. al., 2017,Tesla is automotive organisation whichhastheiroperationsinallovertheworld.Thisorganisationismostinnovative organisation in this industry which always focus over providence of products which are eco- friendly in nature. The management of this organisation always tried to use the new and innovative technologies in their offerings which allows them to be unique in nature and provide competitiveofferinginmarket.Inthisregard,numberofinitiativearetakenfromthis organisation side which includes the acceleration of transport with the help of electric cars. There are number of electric cars of Tesla in different models are present in market which allows them to hold the market effectively in comparison to their competitors. 3
On the other handKhan and Qianli, 2017, the contribution of their electric cars towards environment understand in the way that electricity is used as fuel which is renewable in nature. Also, the contribution of the same in pollution whether it would be air or noise is least in nature. Electricity not only used as fuel by Tesla but also uses in the internal car functions because this removes the use of fluids and oil. The contribution of the same in pollution reduction is high and help to save the environment. Also other large number of products which are have by Tesla in market along with eco-friendly in nature includes solar panels, solar roof tiles and battery storage. All these have huge contribution in reduction of the amount of pollution along with development of environment friendly culture in industry. 2.3 Benefits that Tesla get from its Eco-friendly product. There are different benefits get by an organisation if they sell, manufacture and produce eco-friendly products in marketplace. These benefits includes lower costs, healthier lives, a sustainable world, better quality of life, development in new area etc. These are consider main benefits or advantages that are get by an organisation by producing eco-friendly products. As per the view presented byPrzychodzen and Przychodzen, 2015, there are different benefits and advantages get by Tesla from its eco-friendly product or electric car. This product helps company in accomplishment of its corporate activities along with attainment of three different benefits mentioned below: Accomplishment of CSR activities: According to the CSR activities organisation has to contribute towards society in positive manner. Formulation of eco-friendly cars from Tesla help in protection of environment which have direct positive impact over their health. Less possibilities of legal consequences:In today's environment government is most strict in respect to fulfilment of environmental regulations. Formulation of electric cars along with the uses of eco-friendly products help to save the environment and work in accordance government regulation. This will results into less legal consequences. High customer attention:Customers are more concern about environment along with uses of vehicles which are innovative in concept (Wilburn Green, Toms and Clark, 2015). Tesla cars fulfils their both concern that helps in higher customer attention towards their offerings. 2.4 Eco-friendly product influences over environmental performance of Tesla. Eco-friendly are introduces to the all natural products that ensure safety from all dangerous or harmful things. Using eco-friendly products enhance life quality in terms of age, 4
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mortality, illness and diseases. Eco-friendly products have positive impact on environmental performance by preventing their contributions to air, water and land pollution. According to the Charls Edgar Choleman, 2017, Tesla Motors have established or implanted its campaign in order to boost a greener personal transport system via its electric vehicles. Company is much more aware of the information that they are releasing carbon emission indirectly via power plants, including that electricity is one of the main power source of vehicles. Moreover, company teaming up with SolarCity in order to give an effective option to electric car owner to modify their cars using solar panels within their respective homes. Along with this, there are certain impact of eco-friendly product on environmental performance of Tesla. These are determine as below: Reduced exhaust emissions:Eco-friendly cars with electrical engines and electrical batteries or hybrid vehicles have verified to make a dramatically reduced amount of dangerous exhaust emissions when driving at total speeds in entire kind of weather conditions (Eneizan, Abd-Wahab and Obaid, 2016). As this directly support to keep nature cleaner as well as more healthy or substantially diminishes the sum of pollutants let out when driving these superb vehicles. No direct pollution of air:It is another main impact of eco-friendly product or electric cars that produced by Tesla. This has direct impact over environmental performance of Tesla. There is no population which is beneficial for environment. Use of electric energy is renewable in nature which helpsto save the fuel and environment as both are depleting in nature (Chen, Tang and Feldmann, 2015). 5
CHAPTER 3: RESEARCH METHODOLOGY It is a part of research methodology which helps researcher while collection of accurate information about the current investigation. It is an effective section of research where a detail information about the number of techniques and methods will be going to opt for performing research activities (Kumar, 2019). There are some appropriate research methods which will be explained as below: 3.1 Research philosophy: There are basically two type of philosophy in research that are going to beused by researchersuchaspositivismandinterpretivisim.Amongtheminterpretivisimresearch philosophy will be followed as it assist in evaluating the opinion of human being effectively and create better understanding about it. However, positivism research philosophy is not useful for performing activity of current research because it need maximum time of researcher. 3.2 Research approach: In a researcher mainly two type of research approach are being included such as deductive and inductive. Within an investigation inductive approach of research will be applied as it support in conducting proper evaluation over the wide concept. This approach of research will also assist in achieving valid results (Mackenzie, Tan, Hoverman and Baldwin, 2012). On the other hand, deductive approach is not used for doing this study because it not provide valid research outcomes. 3.3 Research Methodology 3.3.1 Sampling method In order to do primary research sampling will going to be performed with the use of probabilistic method. By applying this sampling 50 employees of Tesla will be selected on random basis. As this sampling not require more sources as well as time of researcher. On the other side, non-probability is another type of sampling which is not used for this project because it need more time of investigator. 3.3.2 Data collection: In order to conduct this study both primary and secondary method of data collection will be going to opt by researcher (Mackey and Gass, 2015). For gathering primary information, 6
questionnaire will be going to used as it assist researcher by providing reliable information regarding the impact of Eco-friendly product on organisational and business performance. 3.3.3 Research instruments, strategies or techniques: There are different number of strategies and instruments used to collected information or data such as survey, interview, questionnaire, focus group etc. In order to doing this research questionnaire will be going to applied as it support in collecting the larger information from the group of people at a time (McCusker and Gunaydin, 2015). Questionnaire will be shown as below: Questionnaire Q1) In which manner Eco-friendly product influence over business performance and success of Tesla? a) Positive b) Negative c) Neutral Q2) What are the benefits of Eco-friendly product on business performance? a) Accomplishment of CSR activities b) Less possibilities of legal consequences c) High customer attention Q3) How Eco-friendly product influences over environmental performance of Tesla? a) Reduced exhaust emissions b) No direct pollution c) Cheaper to maintain Q4) Does Eco-friendly product helps Tesla in accomplishment of competitive advantages? a) Yes b) No Q5) Is a Tesla better for the environment? a) Yes b) No Q6) According to you, who are the main competitors of Tesla that have negative impact on its business performance? 7
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a) Toyota b) Honda Motor Company c) BMW d) Jaguar / Land Rover Q7) According to you, does electric car of Tesla be able to compete with the offering of Toyota in marketplace? a) Yes b) No Q8) Does market of electric car support Tesla in fulfilment of Corporate social responsibility practices? a) Yes b) No Q9) Is Tesla product support in increasing customer base? a) Yes b) No Q10) Provide any suggestions to Tesla about further improvement of its brand image in marketplace. 3.2 Secondary Research: It is another type of research that involves the synthesis, collation and summary of existing investigation. There are different methods of collecting secondary information about the current study including magazines, newspapers, academic journals, books and so on. These are useful resources that will be opted by researcher to gather secondary data (Miller and et. al., 2012). In order to conduct secondary and primary there are certain methods that will be going to opted by researcher. Some important methods will be explained as below: Costs: It is necessary and main factor which will be used by researcher for conducting primary and also secondary research in systematic manner. In order to perform each activities of primary and secondary research appropriate amount of capital will be required. With the help of sufficient fund, researcher able to get better outputs easily. 8
Access: It can be explained as the useful academic and ethical practices that opt to gain entry to a given place or community for the intent of conducting primary and secondary research (Quinlan and et. al., 2019). One of the main consideration in acquiring access to investigation participants within qualitative study is to do no harm. 3.2.2 Ethical issues: Thereare majorethicalissuesor problemsin conductingprimaryandsecondary investigation. It includes informed consent, objectivity, confidentiality, legality, respect for intellectual property, responsible publication, openness, carefulness etc. These are major issues if researcher not follow each activity of research in ethical manner. In order to deal with these issues, there will be need for researcher to follow research activities ethically and systematically. 3.3 Conclusion From the above mentioned information, it has been concluded that research methodology is important part of research project. Different methods have been used by researcher for collecting information regarding the impact of eco-friendly product over business performance. Questionnaire have been used by researcher for analysis appropriate and proper opinion of respondents abut the topic. CHAPTER 4: DATA PRESENTATION, ANALYSIS & DISCUSSION Content analysis is an effective type of analytical tool which will be going to used by researcher for analysing appropriate amount of data about the current study (Riedl, Davis,and Hevner, 2014). In this technique, various patterns or themes will be developed for analysing information in short and concise way. In order to analysis research findings and data, frequency table will be developed which are shown as under: Frequency Table Q1) In which manner Eco-friendly product influence over business performance and success of Tesla? Frequency a) Positive40 b) Negative3 c) Neutral7 Q2)WhatarethebenefitsofEco-friendlyproductonbusinessFrequency 9
performance? a) Accomplishment of CSR activities20 b) Less possibilities of legal consequences15 c) High customer attention15 Q3)HowEco-friendlyproductinfluencesoverenvironmental performance of Tesla? Frequency a) Reduced exhaust emissions25 b) No direct pollution15 c) Cheaper to maintain10 Q4) Does Eco-friendly product helps Tesla in accomplishment of competitive advantages? Frequency a) Yes40 b) No10 Q5) Is a Tesla better for the environment?Frequency a) Yes25 b) No25 Q6) According to you, who are the main competitors of Tesla that have negative impact on its business performance? Frequency a) Toyota30 b) Honda Motor Company10 c) BMW6 d) Jaguar / Land Rover4 Q7) According to you, does electric car of Tesla be able to compete with the offering of Toyota in marketplace? Frequency a) Yes40 10
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b) No10 Q8)DoesmarketofelectriccarsupportTeslainfulfilmentof Corporate social responsibility practices? Frequency a) Yes40 b) No10 Q9) Is Tesla product support in increasing customer base?Frequency a) Yes45 b) No5 Discussion Discussion will be done on the basis of primary and secondary data. Questionnaire will be used to discuss primary information whereas literature review will be applied by discussing secondary information in systematic and detailed manner. 4.1 Discussion on the basis of primary source Under this section of data analysis, discussion will be completed on the basis of questionnaire. In order to communicate research outcomes or results for the intended audience in an appropriate way, different graphs, table will be developed. As it is called as a part of interpretation and support researcher to identify response of selected respondents about this research (Riedl, Davis and Hevner, 2014). Theme 1: Impact of Eco-friendly Product Q1) In which manner Eco-friendly product influence over business performance and success of Tesla? Frequency a) Positive40 b) Negative3 c) Neutral7 11
a) Positiveb) Negativec) Neutral 0 5 10 15 20 25 30 35 40 40 3 7 Frequency Interpretation: From the above mentioned table, it has been interpreted impact of Eco- friendly product over business success and performance of Tesla. Majority of respondents said as it positively impact on business. As it helps Tesla in accomplishment of corporate social responsibility,incrementincustomerattentionandthereislesspossibilitiesoflegal consequences. The outcomes of the research question is matches with the view presented by Khan and Qianli (2017). Theyprovided their view as eco-friendly product influence over business performance and success of Tesla by reducing car emissions. Theme 2: Benefits of Eco-friendly product Q2)WhatarethebenefitsofEco-friendlyproductonbusiness performance? Frequency a) Accomplishment of CSR activities20 b) Less possibilities of legal consequences15 c) High customer attention15 12
a) Accomplishment of CSR activities b) Less possibilities of legal consequences c) High customer attention 0 2 4 6 8 10 12 14 16 18 20 20 1515 Frequency Interpretation: From the above given table or graph, it has been concluded business gained by Tesla by launched eco-friendly car. Most of the respondents said as it support business in accomplishment of its CSR activities.15 out of 50 employees of Tesla have idea as there is less possibilities of legal consequences. Remaining 15 respondents said as eco-friendly product supported business by increasing customer attention easily. The outcomes of the research finding is also matches with the literature review. This information match with the opinion presented by Przychodzen and Przychodzen (2015). As they said eco-friendly product have to provide different advantages to an organisation such as accomplishment of CSR activities, higher customer attention etc. Theme 3: Influence of Eco-friendly product on environmental performance Q3)HowEco-friendlyproductinfluencesoverenvironmental performance of Tesla? Frequency a) Reduced exhaust emissions25 b) No direct pollution15 c) Cheaper to maintain10 13
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a) Reduced exhaust emissions b) No direct pollution c) Cheaper to maintain 0 5 10 15 20 25 25 15 10Frequency Interpretation: From the above table it has been determined influence of eco-friendly product over environmental performance of Tesla. 25 out of 50 managers of Tesla have opinion as eco-friendly product reduced exhaust emissions as it helps in reducing environmental impact and improving business growth. 15 respondents have view as this product helps in improving indoor environment. Remaining 10 participants have opinion as eco-friendly care are low maintenanceor carebecause of reducedoperations.Theoutcomesandresultsof above mentioned questions is matches with the view provided by Charls Edgar Choleman (2017). As per their opinion, there are different influences of eco-friendly over environmental performance of Tesla including no direct pollution, cheaper to maintain and reduction of exhaust emission. Theme 4: Effectiveness of Eco-friendly product Q4) Does Eco-friendly product helps Tesla in accomplishment of competitive advantages? Frequency a) Yes40 b) No10 14
a) Yesb) No 0 5 10 15 20 25 30 35 40 40 10 Frequency Interpretation: From the above given graph, it has been interpreted effectiveness of Eco- friendly or electric car for Tesla. Most of the manager said as these product support Tesla in accomplishment and achievementof competitive advantages. This product also supported business by increasing its sales and brand image in marketplace as well as customer's mind. The results of the above question not matches with the idea given byHorng and et. al., (2017). They saideco-friendlyproductnotmuchessentialforanorganisationinaccomplishmentof competitive advantages because there are number of competitors of Tesla whose also sale Electric car. Theme 5: Tesla better for the environment Q5) Is a Tesla better for the environment?Frequency a) Yes25 b) No25 15
a) Yesb) No 0 5 10 15 20 25 2525 Frequency Interpretation: From the above mentioned information, it has been concluded view of managers about the Tesla. For this majority of respondents have idea as Tesla is better for the environment. Main of company is to decrease environmental impact of electricity production, transportation and energy use by homes, people, business and the grid. Electric cars are more efficient, and thus accountable for less greenhouse gas and many other emissions than Tesla cars powered solely by internal combustion engines. Therefore, this statement is true as Tesla is much more better for environment. The output of the above table or graph matches with the view presented by John Katsos, (2018). They said as Tesla is widely viewed as one of the world’s most sustainable companies. Theme 6: Main competitors of Tesla Q6) According to you, who are the main competitors of Tesla that have negative impact on its business performance? Frequency a) Toyota30 b) Honda Motor Company10 c) BMW6 d) Jaguar / Land Rover4 16
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a) Toyota b) Honda Motor Company c) BMW d) Jaguar / Land Rover 0 5 10 15 20 25 30 30 10 6 4 Frequency Interpretation: Above given information has been interpreted main competitors of Tesla that have negative impact on its business performance. For this statement, 30 employees of Tesla have view as Toyota is main competitor because they also better for the environment. 10 respondents have view as Honda motor is biggest rival that also produced electric car and work for betterment of environment. 6 respondents have opinion as BMW is main challenger whereas remaining 4 respondents said Jaguar/Land Rover is biggest challenger. The above given information or question not matches with the opinion ofWilburn Green and et. al., (2015). They said as Toyota is not a main competitor of Tesla. BMW, Honda motor company etc. are also main compositors that sale eco-friendly product i.e. Electric car. Theme 7: Electric car of Tesla be able to compete with the offering of Toyota Q7) According to you, does electric car of Tesla be able to compete with the offering of Toyota in marketplace? Frequency a) Yes40 b) No10 17
a) Yesb) No 0 5 10 15 20 25 30 35 40 40 10 Frequency Interpretation: From the above mentioned data, it has been concluded view of managers as electric car of Tesla be able to compete with the offering of Toyota in marketplace. As compare to Toyota, Tesla intend to cooperate on the development of eco-friendly or electric vehicles, parts, and production system as well as engineering support. There are different number of great advantages to electric vehicles produced by Tesla such as cheaper to tun, cheaper to maintain, better for the environment, health benefits, our energy security, safety improvements and so on. Therefore, Tesla products are much more better for environment as compare to Toyota. As it helps company to gain competitive advantages and retain strong position in marketplace.The outcomes of the above graph or table matches with the thought provided by Dangelico and Pontrandolfo, (2015) as they said product of Tesla is much more eco-friendly as compare to Toyota. Theme 8: Market of electric car support Tesla in fulfilment of Corporate social responsibility practices Q8)DoesmarketofelectriccarsupportTeslainfulfilmentof Corporate social responsibility practices? Frequency a) Yes40 b) No10 18
a) Yesb) No 0 5 10 15 20 25 30 35 40 40 10 Frequency Interpretation: According to the above given information, it has been summarised market of electric car support Tesla in fulfilment of Corporate social responsibility practices. Majority of respondents said yes as market of eco-friendly product played vital role in context of Tesla to fulfil their CSR practices systematic and effective manner. On the other hand, remaining 10 respondents said as market of electric car not helps an organisation in fulfilment of its corporate social responsibility practices because these are more expansive as compare to simple car. The results of above shown questions matches with the opinion ofKhan and Qianli, (2017). They said asmarket of electric car help Tesla in fulfilment of Corporate social responsibility practices. Theme 9: Tesla product support in increasing customer base Q9) Is Tesla product support in increasing customer base?Frequency a) Yes45 b) No5 19
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a) Yesb) No 0 5 10 15 20 25 30 35 40 45 45 5 Frequency Interpretation: It has been concluded opinion of managers who are working in Tesla. This graph determined manger's view about Tesla product support them in increment of customer base. Most of the respondents are said yes as business products are more environmental friendly and not pollute environment. Along with this, there are various advantages of product produced by Tesla such as cheaper to maintain, cheaper to run, more effective for environment, safety improvements etc. The output of above given information of table is neutral with the though given byDangelico and Pontrandolfo, (2015). They said as Electric cars are more costly which is not affordable to every class people. 4.2 Discussion on the basis of secondary data Under this part discussion will be done on the basis of literature review. This will helps researcher by giving detailed information founded or collected in literature review section. Importance of Eco-friendly products in the globalized business process Eco-friendly products are more important in the globalised business process as it will help an organisation by saving its time and cost. There are various importance of eco-friendly products including do not harm environment, save energy, maintain ecological balance, minimise 20
carbon footprint or the emission of greenhouse gases etc. These importance help an organisation in development of its business at global level. Eco-friendly product in context of Tesla. Tesla produce electric car which are more better for the environment as compare to traditional gas powered car. Electric car is main eco-friendly product which help an organisation in its success and growth. This product will also help in reduction of environment harm and support an enterprise in development of its growth at national and international level. Benefits that Tesla get from its Eco-friendly product. From the above findings it has been discussed as there are various advantages that have been get by Tesla while using eco-friendly product i.e. electric car. This benefits include low maintenance, saves energy, costs less, saves materials, saves environment etc.These benefits support Tesla in achievement of competitive advantages easily. Eco-friendly product influences over environmental performance of Tesla. Packaging materials of eco-friendly product are less toxic, decrease population level, reduce environmental damage and having a lower carbon footprint. This is important for environment performance as it improves quality of life in different terms which are age, mortality, illness and diseases. CHAPTER 5: RESEARCH REFELECTION 5.1 Critical reflection of research method I am glad that I got a chance for performing this research over an interesting topic i.e. Impact of Eco-friendly products on organizational performance in today’s globalized business environment: Evidence from Tesla in the UK. In order to achieve this objective I used questionnaire and prepared different questions. Questionnaire is an effective method of primary data collection which supported by providing valid information about the Impact of Eco-friendly productsonorganizationalperformanceintoday’sglobalizedbusinessenvironment. Questionnaire helped me by providing quantitative data which turn to assist me in completion of investigation effectively. Along with this, by performing this investigation I become able to improve my understanding regarding eco-friendly products and its impact on environmental as well as business performance. This research also supported me by improving my data collection, data analysis, literature review and time management skills. Apart from this, by doing this 21
investigation, I faced certain issues, including lack of time, improper amount of cost, unethical behaviour or respondents etc. These are biggest challenges which have negative impact on mine while completing of research activities. In order to handle this issues, I taken an effective action as to followed each activities in ethical manner. In order to collect information from the participants I used to followed principles of research ethics and communicate appropriate information about the research aims and objectives to the respondents. 5.2 Critical analysis of Alternative research methods Interviewisanalternativepartofresearchmethodologythatwouldbeusedby researcher. As this methodology help in gathering of qualitative information. This method also support researcher to conduct investigation in effective and systematic manner. In this method, different number of open-ended questions will be prepare which assist researcher in gathering of reliable information about the topic. Apart from this, with the help of this investigation, learner learnedabouttheimpactofeco-friendlyproductonenvironmentalaswellasbusiness performance.There are different advantages and disadvantages of interview which will be determined as below: AdvantagesDisadvantages Oneofthemainadvantageofinterview methodasit ismoresuitablefor complex situation. It is also useful for researcher in collecting in-depth data about the specific area of study. One of the main disadvantage of interview method of data collection as it is more time consuming and expansive. CONCLUSION From the above mentioned information, it has been concluded that Eco-friendly products are beneficial for improving organisational and environmental performance of company. Most of the respondents are agreed as Eco-friendly products have positive impact over environmental as well as an organisational performance. This product is beneficial for company in different ways such as in accomplishment of CSR activities, attention of higher customer satisfaction and less 22
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possibilities of legal consequences. Along with this, majority of respondents have idea as Eco- friendly product influences over environmental performance of business by reducing exhaust emission. This type of product is beneficial for an organisation to accomplish competitive advantages and to fulfil corporate social responsibility practices easily. 23
Appendices 1.1 Research presentation slides 24
25
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1.2 Survey Questionnaire 1.3 Research Proposal form Research Project Plan (Proposal) This exercise is designed to make you able to plan research project for the area of your interest. (Formative assessment) Title/Topic:Think of your research title and topic…….after reading the question in the assignment. Inpact of Eco –Friendly products on organizational performance in today’s globalized business environment: Evidence from Tesla in the UK. Rationale/ Background: Writethebasisorfoundationforthisresearch……….readgiven scenario in the assignment….. Main reason behind selecting this research or topic is identify the impact of eco-friendly products on business performance of an organisation. This research is beneficial at personal manner by improving analytical skill, data collection skill, communication skill and many other skill which is associated with this research project.Thisresearchisalsobeneficialinacademicwayby increasingunderstandingofstudentsabouttheEco-friendly products and its impact over organisational and environmental performance of Tesla (Dangelico and Pontrandolfo, 2015). It is a chosenorganisationthatalsoassistcitizenbyprovidingjob opportunities to the unemployed people. 36
IntroductionIntroduceyourtopic....andthewayyouwillcarryoutyour research.....methods Sustainable businesses are more capable to cut down on waste cost and energy, which will in move have a positive or favourable impact on the business environment. Sustainablebusiness also help an organisation at global level to recruit knowledgeable candidates and motivate their existing employees. As it will support an organisation in development of its growth and success globally.Along with this, globalisation and its effect on the environment maximised consumptions which leads to increase production of goods. Eco-friendly products are products that do not harm and impact the environment whether in their disposal, use or production. In addition, these products help environment by essentially decreasing pollution they could produce. Eco-friendly products prevent contributions to water, air and land pollution (Leonidou and et. al., 2015). For this research project, Tesla is chosen organisation that produce Eco-friendly products to the customers. It is anAmericanenergyandautomotivecompanythatspecialisein manufacturing of electric car through its SolarCity subsidiary, solar panel manufacturing. It was founded in 2003 by Martin Eberhard, Elon Tarpenning, J.B. Straubel, Elon Musk and headquartered in Palo, Alto, California, U.S. and worldwide. Main purpose of conducting this report is to find out main impact of Eco-friendly products on business and organisational performance. This report is based on different questions which includes formulation of research aim and objectives, literature review, research methods and research outcomes by using questionnaire. 37
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Aimofthe research Write an aim of the research…… The aim of this research is to evaluate the impact of Eco-friendly products on business and environment performance. It aims to provide evidence from Tesla UK. Objectives of the research Set out a few objectives in order to reach your aim. TounderstandtheimportanceofEco-friendlyproductsinthe globalized nature of business To evaluate the impact of Eco-friendly products on Tesla’s operational performance ToevaluatetheimpactofEco-friendlyproductsonTesla’s environmental performance To provide recommendation for Tesla on how to operate in global businessenvironmentwhilemaintainingenvironmentaland 38
operational performance Research questions Or Hypothesise What are the Importance of Eco products in the globalized business process? -friendly What does Eco-friendly product means in the context of Tesla? What are the benefits that Tesla get from its Eco-friendly product? HowdoesEco-friendlyproductinfluenceoverenvironmental performance of Tesla? Research strategy: Qualitative approach vs Quantitative approach What kind of research approach would you adopt? Qualitative vs. quantitative…describe….. There are basically two types of research strategy which are qualitative and quantitative. Both types of strategies are essential but for doing research over current topic i.e.to evaluate the impact of Eco-friendly products on business and environment performance,quantitativetypeofstrategyismuchmore appropriate.Quantitativesynergysupportresearcherin collection of quantitative and proper information regarding the topic. Under this strategy, questionnaire will be going to applied by researcher as it support investigator in gathering of reliable and valid data about the effectiveness of eco-friendly products 39
over business and environmental performance of Tesla. Primary/ Secondary Research How are you going to go about the research Secondary Research: It is another type of research that involves the synthesis, collation and summary of existing investigation. There are different methods of collecting secondary information aboutthecurrentstudyincludingmagazines,newspapers, academic journals, books and so on. Costs: It is necessary and main factor which will be used by researcher for conducting primary and also secondary research in systematic manner.In ordertoperformeachactivitiesofprimaryandsecondaryresearch appropriate amount of capital will be required. With the help of sufficient fund, researcher able to get better outputs easily. Access:Itcanbeexplainedastheusefulacademicandethical practices that opt to gain entry to a given place or community for the intent of conducting primary and secondary research (Quinlan and et. al., 2019). One of the main consideration in acquiring access to investigation participants within qualitative study is to do no harm. Ethicalissues:Therearemajorethicalissuesorproblemsin conductingprimaryandsecondaryinvestigation.Itincludesinformed 40
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consent, objectivity, confidentiality, legality, respect for intellectual property, responsible publication, openness, carefulness etc. These are major issues if researcher not follow each activity of research in ethical manner. In order to deal with these issues, there will be need for researcher to follow research activities ethically and systematically. Sourcesof Data Outline secondary vs. primary data……sources..... Data collection:In order to conduct this study both primary and secondary method of data collection will be going to opt by researcher (Mackey and Gass, 2015). For gathering primary information, questionnaire will be going to used as it assist researcher by providing reliable information regarding the impact of Eco-friendly product on organisational and business performance. 41
Population and Sampling Determinepopulation.Whatsamplingmethodwillyoubeusing ……..discuss…..determine sample size.... Sampling method:In order to do primary research sampling will going to be performed with the use of probabilistic method. By applying this sampling 50 employees of Tesla will be selected on random basis. As this sampling not require more sources as well as time of researcher. On the other side, non- probability is another type of sampling which is not used for this project because it need more time of investigator. Data collection methods Questionnaire,interviewse.t.c…….whichone….?Decidewith justification… There are different methods of data collection such as Interview, questionnaire, observation etc. These are are main methods of data collection. Depict of all these method, questionnaire will be used by researcher. As this instrument of data collection help researcher in collection of reliable and valid information about the eco-friendlyproductsanditsimpactoverenvironmentaland businessperformanceofTesla.Mainreasonbehindusing questionnaireasitwillsupportincollectionofreliable informationandnottakemoretimeandresourcesofan organisation or researcher. 42
Timeplan and resources required Your time plan….. start and finish date…. Resources needed.. Timeplan:Thisisanimportantpartofresearchthathelps researcher in identification of starting and ending time period for completion of research in systematic manner. This introduces as a part of Gantt Chart which will be useful tool for investigator to complete research activities within given time duration. 43
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Requirement of resources:There are number of resources that will be require by researcher while conducting of primary and secondary research. For doing primary research questionnaire will be needed by investigator while for doing secondary research books, magazines, journals etc. resources will be require to use by investigator. 44
ReferencesBooks, journals, internet, newspaper etc……..lists Books and Journals Chen, L., Tang, O. and Feldmann, A., 2015. Applying GRI reports for the investigation of environmental management practices and company performanceinSweden,ChinaandIndia.JournalofCleaner Production.98.pp.36-46. Dangelico, R. M. and Pontrandolfo, P., 2015. Being ‘green and competitive’: the impact of environmental actions and collaborations on firm performance.Business Strategy and the Environment.24(6). pp.413- 430. Eneizan, B. M., Abd-Wahab, K. and Obaid, T. F., 2016. Effects of green marketing strategy on the financial and non-financial performance of firms: A conceptual paper.Oman Chapter of Arabian Journal of Business and Management Review.34(3796). pp.1-14. Horng, J. S. and et. al., 2017. From innovation to sustainability: Sustainability innovations of eco-friendly hotels in Taiwan.International Journal of Hospitality Management.63.pp.44-52. Katsikeas, C. S., Leonidou, C. N. and Zeriti, A., 2016. Eco-friendly product developmentstrategy:antecedents,outcomes,andcontingent effects.Journal of the Academy of Marketing Science.44(6). pp.660- 684. Khan,S.A.R.andQianli,D.,2017.Impactofgreensupplychain management practices on firms’ performance: an empirical study fromtheperspectiveofPakistan.EnvironmentalScienceand Pollution Research.24(20). pp.16829-16844. Kumar, R., 2019.Research methodology: A step-by-step guide for beginners. Sage Publications Limited. Leonidou, L. C. and et. al., 2015. Environmentally friendly export business strategy: Its determinants and effects on competitive advantage and performance.International Business Review.24(5). pp.798-811. Mackenzie, J., Tan, P. L., Hoverman, S. and Baldwin, C., 2012.The value andlimitationsofparticipatoryactionresearch methodology.Journal of hydrology.474.pp.11-21. Mackey, A. and Gass, S. M., 2015.Second language research: Methodology and design. Routledge. McCusker,K.andGunaydin,S.,2015.Researchusingqualitative, quantitativeormixedmethodsandchoicebasedonthe research.Perfusion.30(7). pp.537-542. 45
Miller, T.,and et. al ., 2012.Ethics in qualitative research. Sage. Przychodzen, J. and Przychodzen, W., 2015. Relationships between eco- innovation and financial performance–evidence from publicly traded companies in Poland and Hungary.Journal of Cleaner Production. 90.pp.253-263. Quinlan, C. and et.al ., 2019.Business research methods. South Western Cengage. Riedl, R., Davis, F .D. and Hevner, A. R., 2014.Towards a NeuroIS research methodology:intensifyingthediscussiononmethods,tools,and measurement.Journal of the Association for Information Systems.15(10). p.4. Wilburn Green, K., Toms, L. C. and Clark, J., 2015. Impact of market orientationonenvironmentalsustainabilitystrategy.Management Research Review.38(2). pp.217-238. Online Charls Edgar Choleman. 2017.Tesla Motors: A case study in Environmental Impact.[Online].Availablethrough: <https://www.gaiashomes.com/tesla-motors-case-study-2/> John Katsos. 2018.Tesla is Not “Sustainable”, or What People Get Wrong AboutSustainability.[Online].Availablethrough: <https://medium.com/@jekatsos/tesla-is-not-sustainable-or-what- people-get-wrong-about-sustainability-4b63634c5272> The Benefits of Environmentally Friendly Transport.[Online].Available through:<https://www.hugheslimousines.com.au/the-benefits-of- environmentally-friendly-transport/> 46
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1.4 Research ethics Form Research Ethics Approval Form All students conducting research activity that involves human participants or the use of data collected from human participants are required to gain ethical approval before commencing their research. Please answer all relevant questions and note that your form may be returned if incomplete. For further support and guidance please see your respective Unit Tutor. Before completing this form, we advise that you discuss your proposed research fully with your Unit Tutor. Please complete this form in good time before your research project is due to commence. Section 1: Basic Details Projecttitle:Inpact of Eco –Friendly products on organizational performance in today’s globalized business environment: Evidence from Tesla in the UK. Student name:Aneliya Yordanova Student ID number:L4084806 Programme:HND Business Management School:London College of Contemporary Arts Intended research start date:01/June/2019 Intended research end date:31/January/2020 Section 2: Project Summary Please select all research methods that you plan to use as part of your project: •Interviews: Yes •Questionnaires: n/a •Observations: n/a •Use of Personal Records: n/a •Data Analysis: Quantitative •Action Research: n/a •Focus Groups: n/a •Other(please specify): ................................................................................................................................................................ 47
Section 3: Participants Pleaseanswerthefollowingquestions,givingfulldetailswherenecessary. Willyour researchinvolvehumanparticipants? Who are the participants? Tick all that apply: Ages 12-16:Young People aged 17-18:Adults: How will participants be recruited (identified and approached)? Describe the processes you will use to inform participants about what you are doing: Howwillyouobtainconsentfromparticipants?Willthisbewritten?Howwillitbemade cleartoparticipants thattheymaywithdrawconsenttoparticipateatanytime? Studiesinvolvingquestionnaires:Willparticipantsbegiventheoptionofomitting questionstheydonotwishtoanswer? Yes:No: If No please explain why below and ensure that you cover any ethical issues arising from this Studiesinvolvingobservation:Confirmwhetherparticipantswillbeaskedfortheir informedconsenttobe observed. Yes:No: Willyoudebriefparticipantsattheendoftheirparticipation(i.e.givethemabrief explanationofthestudy)? Yes:No: Willparticipantsbegiveninformationaboutthefindingsofyourstudy?(Thiscouldbea briefsummaryofyour findings ingeneral) Yes:No: 48
Section 4: Data Storage and Security Confirm that all personal data will be stored and processed in compliance with the Data Protection Act (1998) Yes:No: Who will have access to the data and personal information? Only the researcher. During the research: Where will the data be stored? On password protected computer device. Will mobile devices such as USB storage and laptops be used? Yes:No: If yes, please provide further details: After the research: Where will the data be stored? On a password protected computer device. How long will the data and records be kept for and in what format? Will data be kept for use by other researchers? The data will be stored for as long as the DPA1998 allows and held in accordance with the same legislation. The data will not be submitted to other researchers. If yes, please provide further details: Section 5: Ethical Issues Are there any particular features of your proposed work which may raise ethical concerns? If so, please outline how you will deal with these: No features concern ethical issues. It is important that you demonstrate your awareness of potential risks that may arise as a result of your research. Please consider/address all issues that may apply. Ethical concerns may include, but are not limited to the following: •Informed consent. •Potentially vulnerable participants. •Sensitive topics. •Risks to participants and/or researchers. •Confidentiality/anonymity. •Disclosures/limits to confidentiality. 49
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•Data storage and security, both during and after the research (including transfer,sharing, encryption, protection). •Reporting. •Dissemination and use of your findings. Section 6: Declaration Ihaveread,understoodandwillabidebytheinstitution’sResearchandEthicsPolicy: Yes:No: I have discussed the ethical issues relating to my research with my UnitTutor:Yes:No: I confirm that to the best of my knowledge: Theaboveinformationiscorrectandthatthisisafulldescriptionoftheethicsissuesthat mayariseinthe courseofmyresearch. Please submit your completed form to...................................................................................................................................................................... transport/> 50
REFERENCES Books and Journals Chen, L., Tang, O. and Feldmann, A., 2015. Applying GRI reports for the investigation of environmental management practices and company performance in Sweden, China and India.Journal of Cleaner Production.98.pp.36-46. Dangelico, R. M. and Pontrandolfo, P., 2015. Being ‘green and competitive’: the impact of environmental actions and collaborations on firm performance.Business Strategy and the Environment.24(6). pp.413-430. Eneizan, B. M., Abd-Wahab, K. and Obaid, T. F., 2016. Effects of green marketing strategy on thefinancialandnon-financialperformanceof firms:Aconceptualpaper.Oman Chapter of Arabian Journal of Business and Management Review.34(3796). pp.1-14. Horng, J. S. and et. al., 2017. From innovation to sustainability: Sustainability innovations of eco-friendly hotels in Taiwan.International Journal of Hospitality Management.63. pp.44-52. Katsikeas, C. S., Leonidou, C. N. and Zeriti, A., 2016. Eco-friendly product development strategy: antecedents, outcomes, and contingent effects.Journal of the Academy of Marketing Science.44(6). pp.660-684. Khan, S. A. R. and Qianli, D., 2017. Impact of green supply chain management practices on firms’ performance: an empirical study from the perspective of Pakistan.Environmental Science and Pollution Research.24(20). pp.16829-16844. Kumar, R., 2019.Research methodology: A step-by-step guide for beginners. Sage Publications Limited. Leonidou, L. C. and et. al., 2015. Environmentally friendly export business strategy: Its determinantsand effects on competitive advantage and performance.International Business Review.24(5). pp.798-811. Mackenzie, J., Tan, P. L., Hoverman, S. and Baldwin, C., 2012.The value and limitations of participatory action research methodology.Journal of hydrology.474.pp.11-21. Mackey, A. and Gass, S. M., 2015.Second language research: Methodology and design. Routledge. McCusker, K. and Gunaydin, S., 2015.Research using qualitative, quantitative or mixed methods and choice based on the research.Perfusion.30(7). pp.537-542. Miller, T.,and et. al ., 2012.Ethics in qualitative research. Sage. Przychodzen, J. and Przychodzen, W., 2015. Relationships between eco-innovation and financial performance–evidence from publicly traded companies in Poland and Hungary.Journal of Cleaner Production.90.pp.253-263. Quinlan, C. and et.al ., 2019.Business research methods. South Western Cengage. Riedl, R., Davis, F .D. and Hevner, A. R., 2014.Towards a NeuroIS research methodology: intensifying the discussion on methods, tools, and measurement.Journal of the Association for Information Systems.15(10). p.4. WilburnGreen,K.,Toms,L.C.andClark,J.,2015.Impactofmarketorientationon environmental sustainability strategy.Management Research Review.38(2). pp.217- 238. Online Charls Edgar Choleman. 2017.Tesla Motors: A case study in Environmental Impact.[Online]. Available through:<https://www.gaiashomes.com/tesla-motors-case-study-2/> 51