What led to a multi-billion dollar company lying to government bodies, your staff being jailed and putting people's lives at risk?
We dive into the Volkswagen emissions scandal, environmental crimes, cheating scandals, and doubling down instead of admitting defeat. The scandal raises questions about the internal culture at Volkswagen and what leads to a GDP-impacting disaster!
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Show Menu - https://bit.ly/bcpshowmenuThe Big Con Podcast: Emily and Dale dive into the wild world of business blunders and figure out where things went wrong (or right, but mostly wrong) and use the benefit of hindsight and a healthy dose of schadenfreude to look at where there was an impact on either their profit, their brand, or something much more dire. The Big Con examines the stories of businesses that refused to invest in strategy and where we can learn from their mistakes.
References used in this episode:- https://www.theguardian.com/business/ng-interactive/2015/sep/23/volkswagen-emissions-scandal-explained-diesel-cars
- https://www.afr.com/companies/energy/volkswagen-must-pay-record-125m-fine-for-emissions-scandal-20211112-p598f1
- https://www.reuters.com/business/autos-transportation/vw-culture-blame-silence-over-emissions-scandal-ex-manager-says-trial-2021-09-23/
- https://www.wsj.com/articles/volkswagen-tries-to-change-workplace-culture-that-fueled-emissions-scandal-11601425486
- https://www.entrepreneur.com/leadership/the-biggest-lesson-from-volkswagen-culture-dictates/254178
- https://www.ft.com/content/263c811c-d8e4-11e6-944b-e7eb37a6aa8e
- https://www.cnbc.com/2015/10/11/emissions-scandal-vws-demanding-culture-under-winterkorn-led-to-crisis.html
- https://www.mdpi.com/2076-3387/8/3/23
- https://www.newyorker.com/business/currency/the-volkswagen-settlement-how-bad-management-leads-to-big-punishment