Freeman states in his Stakeholder theory that the purpose of a business is to maximize value for all its stakeholders. For years, the garment industry has been known for exploiting developing countries of their cheap labor and resources while neglecting working conditions. Wall street businesses are now investing hundreds of millions in improving infrastructure and creating a safer and more modernized work environment.

Citations:

Butler, Sarah. “Big Business Will Force Change in Garment Trade, Vows Wall St Boss.” The Guardian. Guardian News and Media, 08 Sept. 2014. Web. 09 Sept. 2014.

A car with an astonishing 920 horsepower, 0-62 mph in just 2.8 seconds, and run entirely on salt water? Premiering at the 2014 Geneva Auto Show, the Quant e-Sportlimousine is the first vehicle powered completely by a electrolyte flow cell system. This gem not only sports the looks of an exotic super car, but its salt water powered batteries also emits zero emissions. In comparison, Tesla’s lithium-ion batteries pose a much stronger threat to the environment.

While there are many electric cars in the market, the Quant e-Sportlimousine’s point of difference and its target segment clearly differentiates itself from these competitors.The technology and materials involved in building this vehicle makes it very expensive and thus puts it in competition with other super car brands instead of the regular electric car market with competitors like Tesla and Nissan. The electrolyte flow cell system makes the car very environmental-friendly, as the battery requires simple electrochemical reactions to create energy. As the company’s value proposition is to offer a “sustainable, low cost and environmentally-friendly source of energy” , their visionary technology may be applied to areas beyond the automobile industry and used on more affordable and practical cars in the future.

Works Cited:

Bernabe, Nick “Salt Water Powered Car Gets European Approval – Yes, It’s Real.” The Mind Unleashed. N.p., 6 Sept. 2014. Web. 4 Oct. 2014. <http://themindunleashed.org/2014/09/move-tesla-new-car-powered-salt-water-900-horsepower.html>.