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

In: Futures Thinking and Organizational Policy, Volume 2

Author

Listed:
  • Alfred Akakpo

    (University of Northampton)

  • Evans Akwasi Gyasi

    (Anglia Ruskin University)

  • Bentil Oduro

    (Coventry University)

  • Sunny Akpabot

    (Coventry University)

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.

Suggested Citation

  • Alfred Akakpo & Evans Akwasi Gyasi & Bentil Oduro & Sunny Akpabot, 2024. "A Study of Tesla—Twenty-First Century Organizational Strategy as Nexus Between Foresight and Futures Thinking," Springer Books, in: Deborah A. Schreiber & Zane L. Berge (ed.), Futures Thinking and Organizational Policy, Volume 2, chapter 0, pages 25-47, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-55956-3_2
    DOI: 10.1007/978-3-031-55956-3_2
    as

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