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New Business Project by Volkswagen

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It was said in the hearings that the cheating on nitrogen oxides emissions was a cheating in the well being of current and future generations (Verchick and Steinzor, 2015). Not only the consumers across the world but also the suppliers, dealers, workers and the regulators had to deal with the after-effects of such betrayal by the company. The company experienced loss in its brand value and status as an automaker as an aftermath of such incident and also faced enormous financial damage which was hard to recover. As the company announced the recall of nearly 9 million cars, it was estimated that an amount of € 6.5 billion was required to cope up with the costs of the scandal (Marcus, 2015).

Therefore, there is an urgent need for the company to come up with a new business project with a changed framework to regain its brand value and market share in the car industry. As the company’ s stocks which reflected the market concerns significantly fell down, it became the toughest challenge for the company to bring back their position and win the loyalty of the consumers. When Volkswagen was planning for a business change in order to gain back its hard-earned reputation, it is necessary to analyze the major factors forces which will support and hinder such change.

In this context, Force Field Analysis is an important decision-making tool that can assist it in making the decision for a change within the business. Such an analysis will serve the purposes of i) deciding whether to undertake the change after evaluating the factors; ii) of increasing the chance of success of the change by weakening the forces against the change and by strengthening those in support of the change (Kruglanski et al, 2012).

The new business project or the proposed change by Volkswagen is a brand enhancement. After involvement in the major emissions scandal, what suffered most is the brand appreciation of the company and its perception to the ones who are related to its product i. the consumers, suppliers, dealers, employees and the shareholders.

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preview essay on New Business Project by Volkswagen
  • Pages: 13 (3250 words)
  • Document Type: Essay
  • Subject: Business
  • Level: Undergraduate
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