Environmental Friendly Green Energy Production - Essay Example

The company is co-owned by 27 members, Karen (2007) notes that all the 27 co-owners of the company have an equal voice in decision-making and are accorded equal opportunities to participate in the ownership of the company. Despite having Blake Jones as CEO, this does not mean that the strategic decisions of the company are under his watch but instead the name was adopted to give the company’s customers and the media some sense of company leadership to avoid skepticism and criticism (Karen, 2007). Other problems that the company is facing as noted by the CEO of the company Jones Blake are the overhead costs associated with the design, installation, and service costs.
To overcome the problems and develop a competitive advantage over other firms, the company involves an engagement strategy in its growth plan as noted by Stephen Irvin the company’s chief financial officer (Namaste Solar). In this case, Irvin asserts that the organization cares a lot about hiring its long-time partners in this business. He notes that hiring at Namaste Solar is based on a person’s values and not job roles. The company also practices open accounting management using consensus-based decision-making.

The company ensures that their financial statements are reviewed on a monthly basis at the staff meeting and at year-end and all staff members are taught how to read statements of financial position and statement of income. The company also values communication in which the company has trademarked FOHtm -open, honest, and frank communication as a way of preventing gossip, fostering an atmosphere of respect and trust. This has proved advantageous to the company and has spurred growth (Namaste Solar, n.d.).

One of the major success factors of the company that gives it a competitive advantage is the business result culture adopted by Namaste Solar. According to Irvine, Namaste’s culture of employee-engaged owners is something that makes the company grows (Namaste Solar, n.d.). In this case, Irvine asserts that the company has adopted a culture in which an employee thinks for himself and acts as the owner of the company. This is whether designing or installing panels on the roof of a house or managing administrative functions. The company also ensures that satisfied customers respond to this by making referrals. This is because most of the company’s sales are driven by word of mouth (Cooperman, Andreas, and Gifford, 2007).

In conclusion, Namaste Solar Company is an American company based in Boulder Colorado and mainly deals in the design, installation and servicing of solar electric systems for business. The company was formed in 2005, is still at its growth stage, and has 27 co-owners. To ensure its growth the company’s management is mostly based on engagement strategy in which all co-members have equal rights in decision-making and management of the company. The company also adopts a culture in which employees are allowed to think for themselves and act like the owners of the company. This is noted as the driving force behind the success of the business since its formation.

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