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.

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Definitions:

Hardware Store

A retail business specializing in selling tools, building materials, and supplies for home improvements, repairs, and maintenance projects.

Building Uses

Pertains to the designated purposes or activities for which a building is designed, occupied, or intended to be used.

Economic Profit

The difference between a firm's total revenues and its total costs, including both explicit and implicit costs, representing the additional amount earned by employing resources in their current activity over their next-best alternative.

Total Revenue

The total amount of money received by a company from sales of its goods or services before any expenses are subtracted.