Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 3 The Nissan Motor Company operated under the Keiretsu system which focuses on organizations building strong associations with suppliers (Aoki & Lennerfors, 2013). The

image text in transcribed
Question 3 The Nissan Motor Company operated under the Keiretsu system which focuses on organizations building strong associations with suppliers (Aoki & Lennerfors, 2013). The philosophy of Nissan was to develop a value chain that personified loyalty and cooperation with local suppliers which reflected in the over four billion dollars in stock shared in hundreds of companies. However, due to the Asian financial crisis there was a tern percent decrease in exchange rate of yen to the United States dollar that resulted in a major decline in Nissans stock price and investment health. An organizational shift led to the hiring chief operating officer (COO), Carlos Ghosn who faced the challenge of a tradition embedded in organizational culture which did not embrace radical change (Millikin & Fu, 2005). Based on above case, analyse the role performed by organisational culture in supporting change

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Rethinking Prestige Branding: Secrets Of The Ueber-Brands

Authors: Wolfgang Schaefer, J P Kuehlwein

1st Edition

0749470038, 9780749470036

More Books

Students also viewed these General Management questions

Question

2. Ask questions, listen rather than attempt to persuade.

Answered: 1 week ago