Production Approach

Question 1

Based on the case study attached, answer only TWO questions.

1. Describe the elements of Volvo’s new production approach. What do you think might be the advantages and drawbacks of this program?
2. Using one or more motivation theories from the chapter, explain why you think Volvo’s system works.
3. What might be the challenges for managers in motivating employees in a program, like this?

Question 2

Question 1:  Can low-income countries ever catch up with the developed countries? Use your understanding of capital accumulation and economic growth to explain your opinion.

Question 2:

What is good about having common currency among a number of nations? What are the problems?

Is there a way to have an optimal currency? If so, what are the conditions for such developmentQ