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Explain the Reasons Behind the Failure of the Visionary Strategy

question 21

Essay

Explain the reasons behind the failure of the visionary strategy of Volkswagen from becoming the number one automaker in the world.


Definitions:

Projections Section

Part of a business plan or report that includes forecasted financial statements or other future expectations.

Profit Models

Profit models describe the ways in which a business generates revenue and profits, including the identification of revenue sources, cost structures, and profit margins.

Risks

Potential events or conditions that could have a negative impact on objectives, operations, or outcomes, requiring management and mitigation strategies.

Budgets

Detailed forecasts of income and expenditure for a set period of time, outlining financial plans and goals.

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