Improving Management Innovation at Tesla

Abstract

The purpose of the article is to propose recommendations for improving the management innovation system at Tesla. Methods used: general scientific dialectical and formal-logical, historical, comparative and systemic analysis and generalization. The formation of Tesla, its business model, organizational structure and management innovation system were analyzed. Their advantages and disadvantages were discussed. Recommendations were given to improve the management innovation system at Tesla. It is concluded that Tesla has become one of the most innovative companies in the world thanks to the operations it has implemented and the development of new products to improve society. Tesla’s innovation strategy is a fundamental element of the innovation management system, since it allows the company to determine the goals of working with innovations, broadcast these goals to all employees of the company, set the main directions of work and form a plan for the implementation of the planned initiatives.