Universite De Paris Volkswagen Group Case Study

DETAILS:Case: Dieselgate – Heavy Fumes Exhausting the Volkswagen GroupReading assignment:(1) Schuetz, Marcus and Claudia H. L. Woo (2016). “Dieselgate – Heavy Fumes Exhausting the Volkswagen Group.” Publication Date: Jul 15, 2016. HBR Product #: HK1089-PDF-ENG. (https://hbr.org/product/dieselgate-heavy-fumes-exhausting-the-volkswagen-group/HK1089-PDF-ENG).(2) You can also search for news media to get more supplementary materials. For example, o Knowledge@Wharton, Mar 21, 2019, “Exhausted by Scandal: ‘Dieselgate’ Continues to Haunt Volkswagen,” (https://knowledge.wharton.upenn.edu/article/volkswagen-diesel-scandal/ )o Reuters news report, July 9, 2018, “U.S. appeals court upholds Volkswagen’s $10 billion diesel settlement,” (by David Shepardson, https://www.reuters.com/article/us-volkswagen-emissions/u-s-appeals-court-upholds-volkswagens-10-billion-diesel-settlement-idUSKBN1JZ21G ).o Reuters news report, May 7, 2019, “Volkswagen unit Porsche to pay 535 million euro fine over diesel cheating,” (https://www.reuters.com/article/us-volkswagen-emissions-porsche/volkswagen-unit-porsche-to-pay-535-million-euro-fine-over-diesel-cheating-idUSKCN1SD1BA)Learning objectives of the case:(1) To gain a deeper understanding of the importance of risk management, how the risk management techniques can be applied in real business, and how effective risk management can help an organization better manage its operations and be more resilient to adverse shocks.(2) To learn about crisis management and identify causes and preventive measures.(3) To examine weaknesses in the corporate governance structure and understand the importance of establishing effective corporate governance.(4) To understand the principles of corporate social responsibility (CSR) and explore ways to integrate social responsibility throughout an organization and its culture.Discussion questions:- How will the cost of risk of VW change after this event, and how will it affect the firm value? Please provide your answers based on the components of the cost of risk we learned in this class.- Who are the primary stakeholders in VW and how were they affected by the crisis?