A Study of Tesla—Twenty-First Century Organizational Strategy as Nexus Between Foresight and Futures Thinking

Alfred Akakpo (), Evans Akwasi Gyasi (), Bentil Oduro () and Sunny Akpabot ()
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Alfred Akakpo: University of Northampton
Evans Akwasi Gyasi: Anglia Ruskin University
Bentil Oduro: Coventry University
Sunny Akpabot: Coventry University

Chapter Chapter 2 in Futures Thinking and Organizational Policy, Volume 2, 2024, pp 25-47 from Springer

Abstract: Abstract This chapter explores the Tesla company and the relationship between its organizational strategy and the use of foresight and future thinking. Examination of these processes is pursued to offer perspectives on the sustainability and viability of Tesla to advance its expansion program in electric vehicle technology. This case study concludes that a company’s ability to anticipate and respond to future trends and continuing disruptions is critical to its success, and that a strategic approach that incorporates foresight and futures thinking can help organizations navigate an uncertain future. Finally, this case study describes Tesla's strategic approach and how the company leverages foresight and future thinking to inform its decision-making and drive innovation. Overall, the case study highlights the importance of strategic foresight and future thinking in organizational strategy development and provides insights for other companies seeking to adopt similar approaches.

Keywords: Organizational strategy; Foresight; Futures thinking; Tesla (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-031-55956-3_2

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DOI: 10.1007/978-3-031-55956-3_2

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