Based on the case study attached, answer only TWO questions.
- Describe the elements of Volvo’s new production approach. What do you think might be the advantages and drawbacks of this program?
- Using one or more motivation theories from the chapter, explain why you think Volvo’s system works.
- What might be the challenges for managers in motivating employees in a program, like this?
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.
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
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