Introduction The year 2005 was the year of birth of the cylindrical solar panel manufacturing company-Solyndra based in Fremont, California. The company’s founder, Christian Gronet had a motive of growing the industry of energy through channeling his knowledge to this company. Based in California, the company played a key role in the growth of the technology as the power to enable the electronics is needed (Wood, 2012). Furthermore, the solar panels acted as one of the ways of supporting the use of the renewable sources. The headquarters of the company was based in Fremont, California USA. Solyndra supported the use of the copper to manufacture the thin film solar cells. The company manufactured and sold the solar that were composed of …show more content…
Moreover, inside the documents released by investigators on top of the numerous statements made by former Solyndra employees suggest that Gronet was the single reason of Solyndra’s success and failure. Solyndra Company performed with the help of the various officials who ensured all was going well. But documents released by congressional investigators and interviews with former Solyndra employees indicate that he, more than any other individual, is responsible for the company 's sudden rise and spectacular fall.Its founder, Chris Gronet also was named as the CEO, while Brian Harrison took on the task in running it. The survival of the company depended mainly on the cash flow that was brought in as a result of selling the products manufactured. Investors such as George Kaiser, the Redpoint Ventures, and Virgin Green Fund amongst others made the company flourish. The management made sure everything was working out and running smooth as per the expectation. The executive of Solyndra was dedicated to move the company forward and accomplish its mission. In the year 2009, the company was able to post its revenue from sales totaling 100 million dollars (Kao, …show more content…
The influence sustained by the pure economic standard of increasing the wealth of the shareholders and accruing profit by Solyndra leaders were greatly influenced by the economic principle of maximizing shareholders wealth and making profit by sidelining any and all ethics and social accountability. The duty of each and every worker was to ensure the assigned duties were completed accordingly and the objective of the company was met. The founder of the company had no intention of letting down the business but had a vision of becoming the best solar panel company. Company achievement is driven by management which should not just be driven by its selfish
William Evan and Edward Freeman, in their essay “A Stakeholder Theory of the Modern Corporation,” argue that the objective of a company and its managers is not only to maximize profit for its owners and stockholders, but also to balance the benefits received or losses incurred by other stakeholders—employees, suppliers, customers, and the local community, all of whom may be influenced by company decisions. As the owner of MSO, your aim is ostensibly to maximize profits for yourself, but unlike most other indicted CEOs, you have not tried to obtain personal gains at the expense of the stakeholders of your enterprise. Rather, the charges that have been brought against you are for your dealings with another company; in this day and age where investors bemoan the lack of ethics of CEOs who use the power of their position in the boardroom to achieve selfish gains at the expense of their own company and its stakeholders, the charges of insider t...
Solar systems, also known as solar panels, are built to be very efficient and require very little maintenance. Technology has helped to improve the look and construction of the solar panels. The solar systems that are built and installed today have to meet very strict guidelines. “Stringent quality control in the Modern Solar supply chain ensures the quality of solar product installed on your roof is reliable, durable, and of the highest quality standards.” (“Solar Energy Benefits”). These panels are built using “monocrystalline cells that are held together with solder. They are surrounded by a hard, glass cover, polymer EVA sheet and a sp...
General Electric Corporation is a multi-billion dollar conglomerate founded in 1892. The company was founded in Schenectady, New York to capitalize on the patents of Thomas Edison and the use of electric power through generation and distribution. Now a blue chip publicly traded company that has branched out beyond its core into arenas such as aircraft engineering, television, and home appliances to name a few. Over the years the corporation has been through different management models that have brought innovation in many forms that have allowed them to be envied by companies around the world. Despite great success since its conception, like many companies who can withstand the test of times, it’s natural for them to become self-absorbed, which can have a negative impact on the company structure as a whole. Coming across someone like Jack Welch who can think out of the box and in a manner that doesn’t strain the resources of the company but expands the thinking of the company as a collective unit is needed to continue the legacy of innovation in all aspects of business.
The year 2011 is seen as the year of transition on the solar PV industry. Europe, the largest market for solar PV, is expected to lose its market share to newly emerging markets such as Canada, India and China. India and China have announced ambitious PV targets and are seen as the next hot beds for PV investments. It is expected t...
...y grew and prospered very quickly. Employees were motivated to be creative and come up with the next great idea or innovation to increase revenue. These values also hurt the company because it put constant pressure on employees to achieve and constantly pushed them to excel in order to produce more revenue for the company and advance in the company. This forced employees to use unethical practices. They were often left to use their own devices to achieve the aforementioned results. There were no checks in balances in place with respect to managing subordinates.
Enron, once revered as juggernaut in corporate America, fought its way to top of the industrial world. In 1985, while climbing the ladder of success, Enron began its energy industry merger with two Houston companies (Sims, 2003, p. 243). Following the merger in 1998, the massive empire known as Enron solidified its powerhouse
The U.S. government has a plan intended to promote consumption of solar energy as an alternative source of energy (Hoover, et.al, 20012). A company known as1366 Technologies has received funding from the U.S. government to establish a plant for manufacturing of photovoltaic solar cells. A number of other solar manufacturers and power companies have received government funding ("under the stimulus funds from the 2009 American Recovery and reinvestment Act") to the tune of twelve billion dollars to establish sixteen solar projects (Glenn et.al, 2013: 374). The government subsidies are aimed at increasing the manufacture affordable solar panels for the consumers. The manufacturers of solar panel will apply the latest technology that will result to a significant reduction of production cost of solar panels. “The company plans to cast silicon wafers for solar panels directly from the molten output of industrial furnace” in order to save half of the silicon cost otherwise wasted when cutting the block of pure silicon with a saw (Glenn et.al, 2013: 375). Also, the company intends to coat the Wafers with materials that shall improve performance of the panel. The U.S. government intends to increase the global demand for solar energy hoping to increase U.S. market share for solar panels. However, many people are still doubtful of the effective of solar energy as an alternative source of energy whether at present or in the future.
Preview: Today I will discuss the potential that solar power has to become this country’s main supply of energy and the latest research that can make solar power more efficient and cost effective. I will also present the environmental benefits that come with using solar power over other and more harmful forms of energy.
The General Electric Company (GE) is organized with its chief executive officer, shareowner, and board of directors on the top of the pyramid, followed by their executive leaders and corporate staff. GE’s Board of Directors ensures the company serves the interests of shareowners and other key stakeholders with the highest standards of integrity and compliance. Serving equally as tough critics and wise counselors, they provide in-depth oversight of the major strategic issues of the company (General Electric Company, 2012). The authority officially vested in the board of directors is assigned to a chief executive officer (CEO), who occupies the top of the organizational pyramid (Bateman & Snell, 2011). There chai...
Cheap is the name of the game with the big energy corporations, and solar energy is most definitely that. Amazingly, “Experts predict the cost of solar power will drop below retail electricity rates in many parts of the country between 2013 and 2018” (“Solar Energy,” #2, n.d.). In addition, solar panels have become much more cheap to install due to better technology, “Thin-film solar systems,” according to writer James M. Higgins, “are cheaper to manufacture than flat-panel systems, require fewer scarce materials, are much easier to install, and require less physical vertical space per installation since they are flat. Thin-film solar materials can deliver virtually the same efficiencies as most flat-panel systems but at about 20% of the cost.” One company, Nanosolar, has achieved a 14% conversion efficiency rate in its now-marketed products” (Van Coppenolle, para. 21, n.d.). Furthermore, the cost to transport the solar energy from it’s source to where it is captured is absolutely nothing. Since the source (the Sun) produces solar energy without cost and transports it to Earth through light freely therefore, having the transportation cost be nothing and the speed it comes here be very fast, only eight minutes! In conclusion, the...
Solar power is one of the renewable energy resources that was develops to replace the fossil fuel. It was one of the most convenient and clean energy resources that are available in the earth. The solar power operations involve the conversion of sun power to electric power with the use of photovoltaic cell. The whole process is clean and will not produce pollutant to environment. In 2011, the International Energy Agency encourages all countries to develop solar power technologies. They emphasis that the early development investment cost should not be cut down and the research should be shared among the countries as solar power technologies brings huge global long terms benefits toward mankind. Such an advantages include: increase the countries energy security as solar power is a free and inexhaustible resources that can be obtain from the sun, reduce the pollutant toward the environments, and decrease the energy dependent toward fossil fuels which will lower the price of fossil fuel. These energy resources are the mos...
BrightSource Energy’s, a solar, green power producer located in California, has the capability to power over 140,000 homes (Wells, Chediak, and Goossens 1). Electricity is a huge part in today society; however, an increase in energy price has caused a spread of research for alternative methods to produce the necessity (Storey 47). Solar energy is one of the many safe, environment friendly alternatives to fossil fuels that are expanding today (Storey 48). Environmental safety is a key issue that needs to be addressed (Storey 48). The current energy system, diesel, oil and other fossil fuels, all produce chemicals that effect the environment (Chinnammai 404). To keep the environment safe and long lasting, alternatives have been studied, solar (Chinnammai 404). Unlike our fossil fuels, solar energy is a resource that will not disappear and that the world can rely on to produce energy for the future. For these major benefits, solar energy has been considered all around the world (Chinnammai 404). Currently it is being used for small houses and jobs, street lamps (Chinnammai 404). It has not been used for big businesses for multiple reasons, and the main reason being the cost to produce the energy (Storey 48). It will take 10 to 12 years for businesses to see the effects of solar energy economically (Storey 48). Society must adapt to the use of solar energy because the positive effects on the environment and its many other benefits (Dvarioniene et. al. 2041).
The sun shines upon Earth every day, yet no one thinks much of it. Solar power’s importance, though, is above what anyone could have ever imagined. There is active solar energy, which is when solar power is converted into light, heat, cause air-movement for ventilation or cooling, or store heat for future use. Less thought of, the other type of solar energy is passive energy, which most take for granted. Solar power provides life with heat, light, and now, electricity. Solar power also plays a role in 4 of the 5 areas of green technology: energy, green building, environmentally preferred purchasing, and green chemistry. All in all, solar power is quite a unique form of energy.
Solar energy is one of the renewable energy sources that are highly sought after because of its applications and also as of the cleanest forms of energy. Solar energy applications are constantly increasing in the last few years, and they are considered perhaps the most promising that can significantly contribute to the total electricity generation. Solar Photovoltaic cells (PV) and the concentrated solar power (CSP) technology are the two main technologies out there when it comes to solar energy applications. These two are discussed below.
In the last few decades, technological leaps and the scaled-up production of solar panels have made sol...