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Global strategic management

Volkswagen Company-Script Name ID Class name Professor Institution Date Location of institution Volkswagen Company Volkswagen is one of the undisputed players in the automobile. The German giant is recognized for its dedicated and consistent production of quality automobiles that are used in every continent. The company continues its assurance to its shareholders and customers in the continual provision of quality services despite the challenges that it has to overcome to deliver. The economic wave seems to flow in the same direction as the financial statements of the company show that. In the third quarter of 2017 the company did record a 7.8 percent increase in the profit margins. This is equivalent to 4.3 billion euros. The company was able to record operating profits in the year 2017 ensuring the profit curve is always on the rise since 2012 (Volkswagenag.com 2017). This proves that the company is on a positive position among the elite. The automobile industry has many worthy competitors. A minor mistake in the industry can lead to insurmountable fines that reflect a loss in the financial statements of the company. It is in the best interests of the company to employ the right people who can live up to the firm’s mission and vision. The company’s losses to fines and settlements show it is better to hire expensive people than those of low caliber who could bring adverse effects to the firm. Reference ListBoston W. (2016). Volkswagen Returned to Profit in First Quarter After Huge Loss Last Year. WSJ. www.wsj.com Davenport C. and Ewing J. (2017). VW Is Said to Cheat on Diesel Emissions; U.S. to Order Big Recall. Nytimes.com. www.nytimes.com Ewing J. (2015). Volkswagen Says 11 Million Cars Worldwide Are Affected in Diesel Deception. Nytimes.com. www.nytimes.com (2016). Forbes Welcome. www.forbes.com Volkswagenag.com. (2017). Investor Relations. https://www.volkswagenag.com/en/InvestorRelations.html#
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850 word podcast approx 5 mins, just need the script to read not a podcast recording

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