Strategic Management & Sustainability: Embracing ESG Agenda and Sustainable Business Practices

Embracing the ESG (Environmental
Social Governance) agenda and
sustainable business practices

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
Impact on pandemic on sustainable development on organization ............................................3
Competitive stances.....................................................................................................................4
Swot analysis...............................................................................................................................5
PESTLE Analysation...................................................................................................................6
Recommendation.........................................................................................................................7
CONCLUSION................................................................................................................................8
REFERENCES .............................................................................................................................10

INTRODUCTION
Strategic management and sustainability are two important factors needed for any
organization to run efficiently. In order to become more competitive in the business world there
is an utmost need of adopting profitable objectives for the company, hiring skilful employees
who can regulate new ideas and policies along with achieving set goals with a planned procedure
to ensure proper management of companies strategies (Alghalith, 2018). Sustainability also plays
a major role in the development of any business by minimum use of non-renewable resources
and using the available renewable resources carefully without hindering the needs of future
generations. Tesla is an American company situated in Austin, Texas and deals with
manufacturing of electric vehicle, batteries along with solar products which are mostly eco
friendly. In this report we will illustrate how pandemic is affecting Tesla's sustainable
development plans. We will further discuss the company's important features which helps it to
stand out in the competitive world along with analysing different SWOT factors and will provide
recommendation on how we can adopt new strategies and work on them more efficiently to
achieve great heights in the business world along with keeping in mind to maintain sustainability
factor as a part of the working process for company.
MAIN BODY
Impact on pandemic on sustainable development on organization
Tesla is widely viewed with one of the world most sustainable companies. As
sustainability is term used for surrounding the world to mean about many things. It always
includes some aspects of environmental awareness and not only means for having the efficient
make the use of natural resources. The context for discussing the sustainable development which
is being highly developed and that also meets the requirement of present without compromising
the ability of future generation to meet their own needs. Impact over the pandemic, they have
decided for creating the sustainable energy ecosystem and also manufacture unique set of energy
products that can be enabled for homeowners, business and consumption. While for having such
things this could keep for installing solar panels and solar roof to power their home by using
100% renewable energy (2020 Impact Report, 2020). They pull electricity grid and almost all by
gas, oil or coals.

This could be remarkable with inefficient in using raw material with 39% of their
purchasing raw material and also bring scrapped. Alongside, goals for having their all facilities
sending zero wasting and ensure them for having close to being reality (Kumar, 2020). Due to
having Tesla vision that will work only with having better infrastructure, charging station,
widespread car sharing, renewable energy with some substantially capacity, a battery recycling
network that does not exist without billions of dollars for each of their projects. Tesla battery
pack is designed with outlast vehicle itself. Because of their less customer and this could keep
batteries even those from nearly and have been decommissioned to date. In preparation with
having future goals the battery for their vehicles in factories which have been already begun
implementing, closed-loop recycling system that will ensure them with huge percentage.
Sustainability development which seems to be important for the Tesla through which they can
easily ensure them for having effective customer and keep them attract with more ecosystem
products (Wang and Huang, 2021). Therefore, it could imperative for discussing sustainable
production and have their better consumption pattern in the past Covid-19 pandemic. Along with
this prominent economies around their world which could be having their focus on surge demand
within some essential products and services.
Competitive stances
Tesla manufactures not only electric cars but also manufactures the batteries and solar panels.
This sector will include organization manufacturing solar panels while for producing energy and
manufacturing energy storage system and batteries.
Competition- It targeted market those people who look for spending money on their premium
electric or luxury cars. The company is being currently working with some affordable models for
making away from petrol power as feasible if possible (Paré And et.al., 2021). Due to having
effective market position, it has moderated competition. Currently, Honda Civic, Chevrolet Volt,
Toyota Prius are available in market with their full potential alternatives.
Potential to new entrants- Audi, BMW and Volkawagen that have potential for entering into
market. However, for having all situation with states about the threat for entry into market
because Tesla have invested more on research and development and make them proper
utilization. Generally, company also have their supercharge network from their competition and
also creates the barriers for entering comparable owning every gas station.