Corporate Strategy and Governance of Volkwagen: Case Study
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CORPORATE STRATEGY AND GOVERNANCE
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TABLE OF CONTENTS INTRODUCTION................................................................................................................................3 Background of the study..................................................................................................................3 Problem statement............................................................................................................................3 AIMS AND OBJECTIVES..................................................................................................................3 Rationale..........................................................................................................................................4 LITERATURE REVIEW.....................................................................................................................4 RESEARCH METHODOLOGY.........................................................................................................5 TIME LINE..........................................................................................................................................6 REFERENCES.....................................................................................................................................7
Research Title: “To identify the issues and benefits which associate with corporate governance- A case study on Volkswagen”. INTRODUCTION Corporate governance considered as the rules and practises by which an organisation will perform its business operations. It is the process which especially involves the maintenance of interest which possessed by stakeholders of the entity. Thus, researcher has selected research topic which are associate with corporate governance. Background of the study Originally it is been true that corporate governance practises are developed to stop the business owners from acting abusively on behalf of entity. This is the concept which has been created with the motive of developing ways in which every organisation must have to perform (Bernard, 2017). But there are some issues which nowadays have been identified where entities are not carrying the such guidelines for performing their business operations. In this present report a case study of Volkswagen entity will be chosen by the researcher because the entity has faced main issue while conducting its business operation in accordance with corporate governance. Entity mainly failed in operating its function by complying the rules and regulations of corporate governance. Problem statement Corporate governance is the term which provides specific guidelines to organisations across the world in which they have to perform its business operations. However, there are some issues and benefits which are associated with its compliance in the organisation. Major issue with this rule is of conflict of interest where officer or other controlling members have their own different financial interest with the company (Davies, 2016). Thus, the researcher will develop the study on the case study of Volkswagen organisation which mainly get failed to comply with such rules and regulations. It is been found that the technology which entity has used for cleaning Nitrous Oxide emission was against economy and performance. AIMS AND OBJECTIVES Aims: To articulate the issues which is associate with the corporate governance with the context of
Volkswagen organisation. Objectives: To determine the issues in corporate governance with the study of Volkswagen. To articulate the benefits of corporate governance principles for organisation To identify the term corporate governance. Rationale This report will be developed under a proper guidance of tutor in order to conduct efficient study. Corporate governance is the concept which mainly developed for protecting the interest of the stakeholders and to give them confidence that the business in running in an efficient manner. Such concept will help in improving functions of entities across the world. With this research study, academic career of the scholar will get improved in writing research paper. The study will also help in eliminating the gap in presenting effective literature review (Ortiz‐de‐Mandojana, Aguilera‐ Caracuel and Morales‐Raya, 2016). The motive of this research paper is to help existing users which will conduct their study in same line of the topic. LITERATURE REVIEW This is the process while conducting research study where scholar will survey its facts and findings with the books, scholarly articles and with any other source which will be relevant for particular issue and area and theory of research. Theme: Main issues which associate with corporate governance practises According to the views ofBoddy (2016)it is stated that there are several important issues which faced by the organisation across the world while conducting their business operations in accordance with such principles. It is also true that new technologies in the era of globalisation has entirely changes the way of operating business transactions. Thus, in this revolution managing risk is become an difficult task for the entities across the nation. Therefore, corporate governance is the process which mainly deals with network of formal and informal relationships with management and stakeholders of the company. Thus, it is also true that it is an difficult task to achieve in totality. For example: UK has the powerful codes which state that every listed entity has to comply with national corporate governance which is generally a benchmark for entities. The result is that many businesses has lost their profitability. However, on the critical noteLebedeva and et.al., (2016)stated that these are the set of
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principles which mainly helps in developing transparency and accountability in business operations. TIME LINE
Activities and time scales (15 weeks) Activities1 wee k 23456789101112131415 Formulati on of research title Evaluatio n of research proposal Draft of literature review Develop ment of research objective s Articulati on of data collection both primary and secondar y Formulati on of the questionn aire Inserting of data's Applying thematic analysis Use of statistical tool Observati 6
on of interpreta tion Discussio n Drafting of conclusio n Formatio n on entire file Waiting for feedback Modificat ion as per feedback received Submittin g final assessme nt RESEARCH METHODOLOGY Research type: There are generally two types of research which include qualitative and quantitative. In the present report researcher will select qualitative technique which describes solutions of problems through words, survey, emotions and with non numeric data (Chapter Three: Research Methodology,2019). Research approach: It is generally a procedure which include plan or steps for conducting efficient study. There are two types of research approach which include inductive and deductive. The researcher willuseinductiveapproachwhichdoesnotinvolveformulaandmainlyincurredwith observations and tests. Research philosophy: 7
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It deals with the source, nature and development of knowledge in order to discuss efficientstudy.Therearegenerallyfourtypesofphilosophiesandresearcherwilluse interpretivism method through the use of small sample. Data collection: It is a systematic approach of gathering and measuring information with the use of different sources. There are two types of data collection which include primary and secondary (McCusker and Gunaydin, 2015). In present report researcher will use both the techniques where information will be gather with surveys and observation. Sampling: It is the process of selecting a sample from the individuals of statistical population. In present report researcher will use Non-probability which is a process that do not involve equal chances of being selected in population group. Data analysis: It is the process of inspecting and modelling data with the motive of collecting useful information. In this report, researcher will use thematic method. Ethical consideration: The research report will be conducted in proper rules and regulations where voluntary participation of respondents have selected (Ethical Consideration,2019). There is no use of offensive and unacceptable language while formulating questionnaire. 8
REFERENCES Books and Journals Bernard,H.R.,2017.Researchmethodsinanthropology:Qualitativeandquantitative approaches. Rowman & Littlefield. Boddy, C.R., 2016. Sample size for qualitative research.Qualitative Market Research: An International Journal.19(4). pp.426-432. Davies, A., 2016.Best practice in corporate governance: Building reputation and sustainable success. Routledge. Lebedeva, T.E and et.al., 2016. Corporate governance issues and control in conditions of unstable capital risk.International Journal of Economics and Financial Issues.6(1S). pp.25-32. McCusker, K. and Gunaydin, S., 2015. Research using qualitative, quantitative or mixed methods and choice based on the research.Perfusion.30(7). pp.537-542. Ortiz‐de‐Mandojana,N.,Aguilera‐Caracuel,J.andMorales‐Raya,M.,2016.Corporate governanceandenvironmentalsustainability:themoderatingroleofthenational institutional context.Corporate Social Responsibility and Environmental Management. 23(3). pp.150-164. Online ChapterThree:ResearchMethodology.2019.[PDF].Availablethrough <http://www.is.cityu.edu.hk/staff/isrobert/phd/ch3.pdf> EthicalConsideration.2019.[Online].Availablethrough <https://research-methodology.net/research-methodology/ethical-considerations/> 9