Tesla: Analysis of Departmental Roles, Teamwork, and Financials

This report provides a comprehensive analysis of the roles and functions of various departments within Tesla, including marketing, human resources, and finance. It emphasizes the importance of teamwork and collaboration among these departments for achieving organizational goals and adapting to industry changes. The report delves into the significance of financial management, including budgeting, risk management, and the role of financial statements like the profit and loss account and balance sheet in assessing the company's performance. It highlights how Tesla's investments in innovation and research & development necessitate strong interdepartmental coordination for effective product development and market positioning. The report underscores the interdependence of departments and the importance of communication and employee relationships for overall organizational success. It is a valuable resource for understanding how different departments contribute to the success of a modern automotive company like Tesla.

ROLE OF DIFFERENT
DEPARTMENTS
WITHIN THE
ORGANIZATION

EXECUTIVE SUMMARY
Having all the departments working together is very important for all the businesses in
the market. Tesla has got an advantage on this factor because there are a lot of changes which are
taking place in the company and it is very important Tesla to make all the factors of the
organization to work together so that they can make the changes and the industry will be able to
cope with it. Presently all the departments are interdependent on each other for the better
functioning in the company.

Table of Contents
INTRODUCTION...........................................................................................................................4
MAIN BODY...................................................................................................................................4
Role and Importance of Departments.........................................................................................4
Explain Teamwork and Importance of Departments Working Together....................................5
Explain Financial Management and it's Importance...................................................................6
Explain Documents Which Organization Used for Reporting Purpose......................................6
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
Every department have there individual roles within an organization and this making
functioning within organization simpler. Distribution of working is very important in a company
so that there is professionalism in firm. Different departments within an organization are human,
resource, finance, marketing, sales, production, research and development, etc. Functions of all
departments are different so that all aspects of working can be managed by business from time to
time.
Tesla is one of the finest business in auto mobile which is having a net income of $0.98
billion as of 2018. Firm has successfully understood working of each department within
organization therefore they are being able to function so efficiently and effectively in market.
Employee strength of organization is 45,000 and there are so many changes which each
department is getting in company so that they can function better. Study is going to consist of
role and functions of each department within Tesla. Importance of team work and purpose of
profit and loss account and balance sheet in Tesla.
MAIN BODY
Role and Importance of Departments
Marketing Department
Marketing department of Tesla is having an experienced employees team so that they are
being able to function better and make a better brand name for company. Marketing department
makes a name in customers of market gain trust in firm so that they are loyal to organization
(Oelze and et.al., 2016). There are a lot of changes which are coming in Tesla all time and it is
very important for marketing team to update customers. Social media is monitored and managed
by this department and finance of organization depends on marketing department. Tesla is
conducting a lot of campaigns all around world so that they can make communication with world
better.
Human Resources Department
Tesla needs a lot of new ideas and innovations in firm so that they can have a competitive
advantage which is a very important factor for firm. Management of internal environment of
business is handled by human resource of firm. Recruitment and training is also done by this
department so that they can meet up to standards of organization. Right employees are coming in

Tesla which is a great advantage for Tesla because functioning of organization can get better
which will help organization for a longer run in market (Al Shobaki and et.al., 2017).
Finance Department
Finance department of Tesla is not doing a good job in organization because free cash
flow is not good and that is making a disadvantage for firm since this is creating limitations in
organization for expanding themselves. Finance team is good with risk management in
organization which is a very important factor because there are a lot of changes and with changes
comes a huge risk and finance is being able to handle that factor well (Roness, 2017). Budgeting
for each department is also done by finance department so that right amount is spent so that firm
can make most benefit out of small investments.
Explain Teamwork and Importance of Departments Working Together
Team work in any business is a very important factor because objectives and aims of
firm can be met faster and better (Maheshwari and et.al., 2017). Employees are accountable to
other authorities so that work is done in a better way and working as a team makes people share
a relationship of trust within organization. Having a loyalty towards a business is very important
for Tesla because there are a lot of changes which are taking place and firm does not want other
competitors to come out with it. Work just does not feel like a pressure when there is team work
involved in organization.
Finance and marketing department of Tesla work together because it is very important
that marketing team promotes products and finance will deal with money which is coming.
Finance department gives a budget to marketing department according to promotions they plan
for firm so that they can make most from little investment (Alahyari, Svensson and Gorschek,
2017). Tesla has to promote their products which there is a lot of innovation which is taking
place in business and customers have to be updated for that therefore finance and marketing
department have to work together.
Production and research and development department work together so that they can
improve quality of products so that customers can be satisfied. Research and development of
business have a lot of factors which influence working of organization because there is a lot of
inventions which are taking place so that Tesla can become unique in market. Production
department has to get changes which research and development department has got in firm so

that establishment can have a better brand image in market for themselves. A lot of technological
changes would also come in business which production department will have to cope with so that
functioning of organization is better and team work will really be of a great help (Burton, Welty
Peachey and Wells, 2017).
Explain Financial Management and it's Importance
Financial management is managed, preparation, guiding and controlling in an
organization which will fund endeavour in any business. Financial decisions are made by
financial management of firm so that work is distributed and all employees can focus on their
work properly so that outcome is better (Mellor, 2018). Importance of financial management is
that they regulate funds which are concerned and funds are supposed to be invested in right place
which is fewer chances to face risks in market which establishment will have to face in the
future. Tesla has taken a lot of loans so that they can invest in research and development
department so that innovative ideas and new inventions can be made for better functioning of
establishment.
Management of cash is a very strong point of Tesla which is making company have a
great image brand in market for themselves. It is because company has invested so much in
innovation that company is being able to make profit which they should be in market and Tesla
ideas are all futuristic plans so that firm will be able to make a better name for themselves
(Lopez-Cabrales, Bornay-Barrachina and Diaz-Fernandez, 2017). Budgeting capital in business
is also very important so that departments in organization know what they are supposed to be
doing in firm. Profits of company must be used properly and that will make company have a lot
of changes in company which is they will be able to expand themselves better and faster in
market.
There is supposed to be a control on financial factors of company so that investments or
use of finance of company is better and that will help organization to invest in places which will
be more beneficial. Tesla has only one manufacturing industry therefore it is very important for
company to have a better financial management in company so that Tesla will be able to expand
themselves.
Explain Documents Which Organization Used for Reporting Purpose
Profit and Loss Account

It is very importance for Tesla to find out that if they are having a net profit or a net loss
in the organization (Edler and Yeow, 2016). Innovations are a lot in the company and having a
control on that factor is a very important factor so that the company will be able to make the
further changes accordingly and if they have made any changes then it will be easier for the
company to understand if those are helpful or more changes need to be made. The company is
having a lot of fluctuation in the market because the changes are taking place so that the
company can satisfy the customers completely. Understanding the profit and loss will be very
beneficial for the business.
Balance Sheet
Balance sheet makes the company know about the exact asset, liabilities and the
investment the company has made over the time in the market (Tajeddini, Altinay and Ratten,
2017). It is a very important factor for the company to know all this so that they know what they
have been doing in the market. It is because of the changes which are taking place in the industry
it is very important for the company to know there balance sheet so that they can make the
investments accordingly.
CONCLUSION
According to study, it is very important for all departments in organization to work as one
so that functioning of organization can happen better. Tesla is being able to make all
departments work as one and make internal environment of company so that employees are
comfortable which will help organization to get a lot of help to make a place for themselves in
market. Tesla is having a lot of investments in innovations and research and development
department which is why entire organization has to work together so that they can make those
factors popular in market so that they can attract more customers in company. All departments of
Tesla and all businesses in market are dependent on each other so that they can function.
Communication and relationship with all employees is very important so that functioning of
company can take place better.

REFERENCES
Books and Journals
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Alahyari, H., Svensson, R.B. and Gorschek, T., 2017. A study of value in agile software
development organizations. Journal of Systems and Software. 125. pp.271-288.
Burton, L.J., Welty Peachey, J. and Wells, J.E., 2017. The role of servant leadership in
developing an ethical climate in sport organizations. Journal of Sport Management.
31(3). pp.229-240.
Edler, J. and Yeow, J., 2016. Connecting demand and supply: The role of intermediation in
public procurement of innovation. Research Policy. 45(2). pp.414-426.
Lopez-Cabrales, A., Bornay-Barrachina, M. and Diaz-Fernandez, M., 2017. Leadership and
dynamic capabilities: the role of HR systems. Personnel Review. 46(2). pp.255-276.
Maheshwari, V and et.al., 2017. Exploring HR practitioners’ perspective on employer branding
and its role in organisational attractiveness and talent management. International Journal
of Organizational Analysis. 25(5). pp.742-761.
Mellor, H.W., 2018. The role of voluntary organisations in social welfare. Routledge.
Oelze, N and et.al., 2016. Sustainable development in supply chain management: The role of
organizational learning for policy implementation. Business Strategy and the
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Roness, P.G., 2017. Types of state organizations: Arguments, doctrines and changes beyond new
public management. In Transcending new public management (pp. 77-100). Routledge.
Tajeddini, K., Altinay, L. and Ratten, V., 2017. Service innovativeness and the structuring of
organizations: The moderating roles of learning orientation and inter-functional
coordination. International Journal of Hospitality Management. 65. pp.100-114.