Crisis Management in Organizations: Volkswagen - Emissions Scandal (2015)

Abstract

In the modern world, the competition is so aggressive that most of the times companies fail to keep up, this happens not only to small and medium businesses, but, in our case, giants like Volkswagen, one of the biggest automobile manufactures in the world. The purpose of this essay is to explore the "scandal" that happened in 2015, involving the installation of certain devices in their engines. This analysis is based on secondary data, including news articles, reports on social media, academic literature on crisis management and decision theory, and many more sources. Also, I would like to mention that Artificial Intelligence has been used to help with the research and projection of this essay.

Keywords: Decision-Making, Decision Theories, Management, Crisis Management