Recreating success from the brink of disaster: Strategic turnaround lessons from Volkswagen's emissions scandal
ISSN: 0258-0543
Article publication date: 17 April 2019
Issue publication date: 21 May 2019
Abstract
Purpose
This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies.
Design/methodology/approach
This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context.
Findings
This case study concentrates on the four-step approach of replace, restructure, redevelop, and rebrand that proved to be an antidote to the negative public relations created by Volkswagen’s (VW) emissions fraud revelation. VW recovered from the blow by aggressively realigning their focus to the environmentally positive electric and autonomous vehicle market.
Originality/value
The briefing saves busy executives, strategists, and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.
Keywords
Citation
(2019), "Recreating success from the brink of disaster: Strategic turnaround lessons from Volkswagen's emissions scandal", Strategic Direction, Vol. 35 No. 6, pp. 12-14. https://doi.org/10.1108/SD-03-2019-0049
Publisher
:Emerald Publishing Limited
Copyright © 2019, Emerald Publishing Limited