In this paper I will discuss the pivotal role Risk Management plays in modern organisations. The organisation that I will discuss is Volkswagen. I will use their emission scandal to convey the importance of Risk management. Risk management can have numerous definitions, it can be perceived and interpreted by firms and industries in different ways. When dealing with the term management it is clear the concept of control is important. When dealing with the term risk we think about uncertainty, the…
Case Analysis #1: Volkswagen and the Engine Emissions Tests PR Crisis ϖ Main problems: In September 2015, the United States Environmental Protection Agency (EPA) found that VW cars being sold in America had a “defeat device”, or a type of software program, in diesel engines (TDI) that could detect when they were being tested. It was found that the car maker intended on changing the performance of the vehicles to improve results, making them more enviormentally-friendly. On September 18, the…
hidden agenda. In the 1960’s, Volkswagen, an automotive company, put out several ads in magazines, which many would see as questionable by today’s standard. Specifically, in 1964, they put out one of their most controversial yet. They set out to advertise their brand new car named Beettle. An image of a seemingly crashed car is the focus point of the ad, with the title, “Sooner or later, your wife will drive home one of the best reasons for owning a Volkswagen” (Volkswagen 1964). The following…
It’s October and fall is in the air, the pumpkins are ripening in the field, leaves are turning and there is the slight smell of my TDI diesel as it idles nearby. Like a few members, I was surprised to learn that since 2009, Volkswagen had been installing defeat software in 482,000 "clean diesel" vehicles sold in the US, so that the cars' pollution controls only worked when being tested for emissions. As a recent article stated “The rest of the time, the vehicles could freely spew hazardous,…
effective alternative. This decision would have brought tremendous benefits to the company and its numerous customers. Some of the possible positive outcomes of such a foresight would have been (1) a complete and systematic increase in market share. Volkswagen would have had more countries requesting a distribution center for its product because of the effectiveness of the decision. (2) There would not have been a recall of over 11 million of vehicles that crippled its financial resources. (3)…
Nox manipulation? American car owners sued Daimler A car owner in the US has a class action against the car maker Daimler launched for alleged fraud in emission levels. For certain diesel models of the emission of nitrogen oxide (NOx) exceeds the legal requirements in the US at temperatures below ten degrees Celsius to 65-fold, according to the application filed in a court in Illinois on Thursday. The group accused both violations of US environmental laws and mislead consumers when buying a…
The design for our car is going to be a bus with a bluetooth speaker in the middle. The bus is going to look like an old Volkswagen bus with lots of color on it. The idea of our bus is something fun and colorful for kids to play with, but also to connect their smart device using bluetooth to listen to music. Our bus is named The Bumping Bus, our slogan is Bump and Go, and our company name is Bumping Bus Co. Our toy has the black frame that's covered by a tissue box and a pool noodle is…
include raw materials such as steel and glass, machinery and human labour. Any error or mistake incurred during the production line is considered production risk. China is the leading producer for automobiles and is an important production country for Volkswagen due to its cheap labour and raw materials. Short-term fluctuations in consumer demand for specific equipment features of their products and the decreasing predictability of those fluctuations may lead to supply bottlenecks. If forecasts…
more fitting. The leather in the Jetta looked forced to be in the car, it didn’t look natural. The second similarity is the price range. These cars are both very affordable, even for younger high school kids if they have the motivation to save. The Volkswagen Jetta is about $17,895, and the Chevy is just under that sitting at $16,975. Both prices are for a newer 2017 model, so taking into consideration, the price is very cheap. The third similarity is gas mileage, they both get about 40 miles…
health problems down the road. Recently in the news, Volkswagen has made the news for cheating their emission test for their diesel line. Why do we care? The United States of America has set regulations on how much a car exhaust can pollute, with this being said; each car company has to make the regulations that are assigned by EPA. With the regulations given by EPA, it lowers and chances of high pollution being spread through the air. Volkswagen planted this device in their cars (Diesels only)…