Financial performance and condition of organization
Read the Porsche case provided in the course materials section and describe the company’s history, products, and major competitors in a paragraph or two. Assess the financial performance and condition of the organization. Then, conduct a SWOT analysis detailing the strengths, weaknesses, opportunities, and threats that may affect the organization. Finally, assess the quality of the decisions made by the company and provide recommendations for improvement. (NOTE: This will become part of your final paper).
Your paper must be five to six pages in length (excluding the title and reference pages)
20140806185302porsche_history_2
solution preview
Porsche Company is basically known for the production of innovative and beautiful automobile designs. It was started by Dr. Ferdinand Porsche late in 1923. The idea of starting this company was based on expanding the capacity of the functional Volkswagen engine by using different cylinder heads and valves. The company manufactured Porsche 911 in 1964 and it became one of the famous and recognized products globally (Long, 2013). For this reason, the company continued to grow as a result of manufacturing strong and long lasting products after manufacturing Porsche 911. From then, the company remained on the cutting edge of technology and automotive engineering through the use of sport car racing circuits in order to develop and improve products renowned for their outstanding and performance. For this reason, the company improved its performance and people turned up in utilizing the available products within the company. The main reason for this is because the products were of high quality and served for long than any other cars from other companies.
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