HardeepCanada
Cite all the below information ? Assignment 2 Responsibilities to…
Cite all the below information ?
Assignment 2
Responsibilities to Stakeholders
BAM 101 Introduction to Business Administration
By: Hardeep Singh
Stu. Id. 122263221
For: Prof. Klaudia Capalbo
April 10,2023
Table of Contents
Situation Description and Initial Judgement…………………………………………………………………….. 3
“Musk vs. Buffett, a Solar War in the Desert Heats” video summary………………………………… 3
Elon Musk’s Profile……………………………………………………………………………………………………… 4
Warren Buffet’s Profile ………………………………………………………………………………………………… 5
Stakeholders Impact: Justice and Individual Rights…………………………………………………………. 6
Investors………………………………………………………………………………………………………………… 6
Customers……………………………………………………………………………………………………………… 6
Communities ………………………………………………………………………………………………………….. 6
Environment …………………………………………………………………………………………………………… 6
Employees …………………………………………………………………………………………………………….. 6
Nevada Now…………………………………………………………………………………………………………… 6
Conclusion …………………………………………………………………………………………………………….. 7
Reflection………………………………………………………………………………………………………………….. 8
Works Cited ………………………………………………………………………………………………………………. 9
Situation Description and Initial Judgement
“Musk vs. Buffett, a Solar War in the Desert Heats” video summary
The video highlights a conflict between two prominent business leaders, Warren Buffett and Elon Musk, over the future of solar energy adoption in the United States. The conflict arose in Nevada, where SolarCity, the country’s largest manufacturer and leaser of solar panels, was welcomed with economic incentives, only to have those incentives reversed by the state’s Public Utilities Commission. The commission introduced new charges that affected homes with solar panels, which SolarCity and other solar advocates argued were unfair and punitive.
The conflict in Nevada is seen as a larger battle over the future of solar energy adoption in the United States. Elon Musk is a well-known advocate of renewable energy and has invested heavily in solar energy through his company, SolarCity, and through his leadership of Tesla, which produces electric cars and energy storage systems. Warren Buffett, on the other hand, is the CEO of Berkshire Hathaway, a conglomerate that owns numerous companies, including NV Energy, Nevada’s primary electric utility company.
The video suggests that the outcome of the conflict in Nevada could set the course for solar energy adoption and regulation across the country. It notes that the case has drawn attention from policymakers, business leaders, and environmental groups who are closely watching the debate over the future of solar energy in the United States. The video argues that the conflict highlights the challenges facing the country as it tries to transition to a more sustainable energy system and that it underscores the need for policymakers to find solutions that balance the interests of different stakeholders.
Overall, the video highlights a complex and ongoing debate over the future of solar energy in the United States and suggests that the outcome of the conflict in Nevada could have far-reaching implications for the industry and for the country’s energy policy.
Elon Musk’s Profile
Elon Reeve Musk born ( June 28, 1971) is a business magnate and investor. He is the founder, CEO and chief engineer of SpaceX; angel investor, CEO and product architect of Tesla, Inc.; owner and CEO of Twitter, Inc.; founder of the Boring Company; co-founder of Neuralink and OpenAI; and president of the philanthropic Musk Foundation. With an estimated net worth of around $192 billion as of March 27, 2023, primarily from his ownership stakes in Tesla and SpaceX, Musk is the second-wealthiest person in the world, according to both the Bloomberg Billionaires Index and Forbes’s real-time billionaires list.[6][7]
Musk was born in Pretoria, South Africa, and briefly attended at the University of Pretoria before moving to Canada at age 18, acquiring citizenship through his Canadian-born mother. Two years later, he matriculated at Queen’s University and transferred to the University of Pennsylvania, where he received bachelor’s degrees in economics and physics. He moved to California in 1995 to attend Stanford University. After two days, he dropped out and with his brother Kimbal, co-founded the online city guide software company Zip2. In 1999, Zip2 was acquired by Compaq for $307 million and Musk co-founded X.com, a direct bank. X.com merged with Confinity in 2000 to form PayPal, which eBay acquired for $1.5 billion in 2002.
With $175.8 million, Musk founded SpaceX in 2002, a spaceflight services company. In 2004, he was an early investor in the electric vehicle manufacturer Tesla Motors, Inc. (now Tesla, Inc.). He became its chairman and product architect, assuming the position of CEO in 2008. In 2006, he helped create SolarCity, a solar energy company that was later acquired by Tesla and became Tesla Energy. In 2015, he co-founded OpenAI, a nonprofit artificial intelligence research company. The following year, he co-founded Neuralinka neurotechnology company developing brain-computer interfacesand the Boring Company, a tunnel construction company. Musk has also proposed a hyperloop high-speed vactrain transportation system. In 2022, his acquisition of Twitter for $44 billion was completed.
Musk has made controversial statements on politics and technology, particularly on Twitter, and is a polarizing figure. He has been criticized for making unscientific and misleading statements, including spreading COVID-19 misinformation. In 2018, the U.S. Securities and Exchange Commission (SEC) sued Musk for falsely tweeting that he had secured funding for a private takeover of Tesla. Musk stepped down as chairman of Tesla and paid a $20 million fine as part of a settlement agreement with the SEC.
Warren Buffett’s Profile
Warren Edward Buffett (born August 30, 1930) is an American business magnate, investor, and philanthropist. He is currently the chairman and CEO of Berkshire Hathaway. He is one of the best-known fundamental investors in the world as a result of his immense investment success possessing a net worth of $104 billion as of March 2023,] making him the fifth-richest person in the world.
Buffett was born in Omaha, Nebraska. He developed an interest in business and investing during his youth, eventually entering the Wharton School of the University of Pennsylvania in 1947 before transferring to and graduating from the University of Nebraska at 19. He went on to graduate from Columbia Business School, where he molded his investment philosophy around the concept of value investing pioneered by Benjamin Graham. He attended New York Institute of Finance to focus on his economics background and soon after began various investment business partnerships, including one with Graham. He created Buffett Partnership, Ltd in 1956 and his investment firm eventually acquired a textile manufacturing firm called Berkshire Hathaway, assuming its name to create a diversified holding company, and later as the company’s chairman and majority shareholder in 1970. In 1978, Charlie Munger joined Buffett as vice-chairman.
Since 1970, Buffett has presided as the chairman and largest shareholder of Berkshire Hathaway, one of America’s largest holding companies and world’s leading corporate conglomerates. He has been referred to as the “Oracle” or “Sage” of Omaha by global media as a result of having accumulated a massive fortune derived from his business and investment success. He is noted for his adherence to the principles of value investing, and his personal frugality despite his vast wealth.
Buffett is also a noted philanthropist, having pledged to give away 99 percent of his fortune to philanthropic causes, primarily via the Bill & Melinda Gates Foundation. He founded The Giving Pledge in 2010 with Bill Gates, whereby billionaires pledge to give away at least half of their fortunes.
Stakeholders Impact: Justice and Individual Rights
Investors:
The conflict could affect the investors of SolarCity and Berkshire Hathaway, as the outcome of the conflict could have a significant impact on the future of solar energy adoption in the United States, which could, in turn, affect the companies’ profitability and future growth prospects.
Customers:
The conflict could impact the customers of SolarCity, particularly those who have installed solar panels in their homes. The introduction of new charges could make solar energy less affordable and less accessible, which could discourage customers from adopting solar energy.
Communities:
The conflict could have an impact on the communities where SolarCity operates, particularly if the company faces challenges in expanding its operations and creating jobs due to regulatory barriers.
Environment:
The conflict highlights the challenges facing the country as it tries to transition to a more sustainable energy system. The outcome of the conflict could have implications for the environment, as solar energy is a clean and renewable energy source that can help reduce greenhouse gas emissions.
Employees: The conflict could impact the employees of SolarCity, particularly if the company faces challenges in expanding its operations and creating jobs due to regulatory barriers.
Nevada:
The conflict in Nevada has drawn attention from policymakers, business leaders, and environmental groups who are closely watching the debate over the future of solar energy in the United States. The outcome of the conflict could have implications for the state’s energy policy and its economic development.
In conclusion, the conflict over solar energy adoption in Nevada highlights the challenges and complexities facing the United States as it transitions to a more sustainable energy system. The outcome of the conflict could have far-reaching implications for various stakeholders, including investors, customers, communities, employees, the environment, and Nevada state. Policymakers need to find solutions that balance the interests of different stakeholders to ensure a smooth transition to a more sustainable energy system.
