Nvidia's Strategic Plan with Mission and Vision for Sustainable Innovation

Nvidia Sustainable Development
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August 14, 2022
Understanding the importance of strategic plans for developing and implementing sustainable innovation is important for any manager or leader. It allows him to have a concrete and easy-to-follow guide for every situation or contingency or improve his capacity to make sound decisions. In line with this, this paper will focus on one of the leading and famous publicly-traded companies, Nvidia. This includes an insight into the company itself, including its strengths, weaknesses, strategic goals, and corporate strategic plan, among others. In line with this, it is the author's belief that balancing sustainability with innovation and profits is essential to ensure the long-term growth of the company and the world as a whole. 
NVIDIA Basic Information
               Nvidia is one of the most famous companies when it comes to the development and production of gaming-related products such as graphic cards. Notably, its products are most commonly known to be parts of graphic cards used for gaming and other entry-level purposes. However, although most of its revenues are generated from graphics card production, the company has five primary revenue sources, which include gaming (45%), data center (41.8%), original equipment manufacturer (3%), professional visualization (8%), and automotive (2%). Nevertheless, since its main revenue stream is related to graphics card sales, most of its innovative energies are also dedicated to such. 
               In line with this, NVIDIA's main mission statement is "to provide the latest NVIDIA news on products, technologies, and events. To highlight and engage with our fans". In contrast, the company's vision statement is "we foster an environment that motivates our employees, empowering them to work as one integrated team." Additionally, it is worth noting that the company's website noted that "NVIDIA's latest corporate responsibility report shares our efforts in empowering employees and putting to work our technologies for the benefit of humanity."
These two are some of the core tenets of the company. 
               Based on the company's mission, vision, and CSR statement, the author believes that sustainable innovation should focus on the continuous development of new technologies, which should help reduce its carbon footprint while still meeting the increasing demands of its consumers in various market sectors.
Strategic Goals
Current Strategic Goals
               NVIDIA's current strategic goals are in line with its mission and vision, which include (1) "advancing the GPU computing platform, (2) extending its technology and platform leadership in AI and visual computing, and (3) advancing the leading autonomous vehicle platform, and (4) leveraging the intellectual property it already owns" (Teske, 2018). Going back to the aforementioned mission and vision, it becomes clear that the company's main focus is an innovation by improving its GPU computing platforms for all types of usage and main...