What Is Tesla's Corporate Social Responsibility

a company for over one hundred and fifty years, Patagonia for over forty years old, and Tesla being a new company formed in 2003. Another difference is how each company has viewed corporate social responsibility, as Tesla and Patagonia have structured their companies on a vision that projects these goals and General Mills has not always made that a top priority. This is explored in the case study using the example from 2003 with General Mills and GMO in their products and supply chain. They have however lead on other issues regarding corporate social responsibility, as their water initiative has helped lead other competing companies to take similar actions. Another difference we found is Tesla’s willingness to partner and collaborate …show more content…
All three companies have strong views on how they treat their employees as they understand that this is how a company’s culture is cultivated and nurtured. They all have programs in place to garner employee support, whether it is through day care support (Patagonia), career advancement opportunities (Tesla), financial incentives (Tesla) or providing a platform for community involvement (General Mills), they all understand the importance of having a happy and engaged workforce. Another area that they are similar is all three companies are concerned with their supply chain and how monitoring and managing this end of their business model is socially, environmentally, economically …show more content…
This is the case with both private and public companies, as stakeholder influence has grown because companies now find themselves competing on a global stage. Current business trends such as the massive growth in technology, an expanding worldwide competitive landscape, and a greater spotlight on social concerns in the public eye, has created an international business environment where companies now understand that if they do not acknowledge and show more concern with social issues, they simply will not be able to compete. The stakes are too high and the competition is too fierce for both talent and for customers for companies to not listen to key stakeholders when they craft their business models, and we certainly have seen Tesla, Patagonia, and General Mills do this. Tesla, Patagonia, and General Mills have shown with their actions and efforts that not only are they enacting corporate social responsibility to help improve their economic, social, and environmental surroundings, but also understand that their financial bottom line depends on it. This direct correlation between image, action, and economic prosperity can be witnessed in how these companies manage their supply chain, as they all understand that one damaging story can tarnish their reputation