Assignment 1: Business and Society
Two key external factors that can affect Tesla’s success are government regulations/policies associated with electric vehicles (EV) and public opinion regarding sustainable transportation initiatives . This is where government policies are crucial. They regulate how many emissions electric cars can make and set standards that must be met to ensure compliance at all time. Meanwhile public opinion can significantly impact sales due both positive feedback from those interested in owning an EV or negative responses from individuals who don’t support these types initiatives .
It is evident that any company involved in this area, regardless of its size or scope, can benefit from understanding the current landscape regarding EVs. Businesses can adapt rapidly to stay ahead of the competition by staying current with relevant legislation changes and monitoring customer sentiment.