Bernd Pischetsrieder, Chief Executive of Volkswagen, Announced Restructuring Plans for the Company
Bernd Pischetsrieder, chief executive of Volkswagen, announced restructuring plans for the company. VW is Europe's largest carmaker and needed to make itself profitable once again. To do so, VW cut thousands of jobs in the ensuing years through natural attrition, early retirement, and buying workers out of their contracts. The
carmaker also considered whether its component parts factories in Brunswick, Kassel, and Wolfsburg were helping
VW accomplish its organizational goal. Pischetsrieder blamed much of the company's problems on restructuring that was done in 1993. He insisted that the company is missing a whole generation of managers because its former CEO eliminated a whole layer of management. Now, 45 percent of managers were expected to go into retirement in the following three or four years.
-Refer to Volkswagen. The restructuring efforts mainly involved which of the management functions?
A) leading
B) commanding
C) resource allocation
D) organizing
E) controlling
Correct Answer:
Verified
Q10: An accountant with_ has the ability to
Q78: At the death of her husband, Miriam
Q79: In Great Britain, Nestlé introduced a candy
Q80: According to Mintzberg, which role would a
Q81: As the shift supervisor at a car
Q83: The ability to perform _increases in its
Q84: There have been several studies of managers
Q85: What type of skills tends to be
Q86:
Krispy Kreme is a relatively small doughnut
Q87: Which of the following management practices can
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents