Applying StructureFor the Assignment, you will apply what you have learned concerning organizational structure and conduct research on Volkswagen (VW). You will respond to the three (3) questions listed below the Assignment instructions in an APA formatted 2–3 page paper .Please view the rubric icon below for the full Assignment details.If one were to chart the growth spurts of Volkswagen over the past three decades, the chart would look like a roller coaster. Plans were for former BMW boss Bernd Pischetsrieder to fix ailing VW when he came aboard in 2002. However, best-laid plans often go astray. VW’s share price is down almost 50% and profits fell by 36%. What is wrong at VW? First, VW has always been able to charge more for its cars because of quality, innovation, styling, and an implied lifetime guarantee. In recent years, however, consumers have decided that the company is going to have to come up with more value for the dollar if loyalty is to be retained. Second, sales in China’s booming market (VW was one of the first car makers on the scene in this giant economy) have plummeted and GM has driven VW from its number one ranking. Third, cost-cutting moves have not worked. Fourth, VW uncharacteristically has labor pains. The CEO has had little luck in reversing these problems because his consensus management techniques are having little impact on VW’s change-resistant bureaucracy. Over half of the company’s 100 managers are not used to making their own decisions. This spells even more trouble for the company in the year ahead.Checklist:Address the following questions in your 2—3 page essay adding an additional title and references page:There are three parts to an essay: Introduction, body, and summation.The first paragraph* or two introduces the reader to the topic of your paper.The body of the paper will address the questions in this particular assignment paperFinish your paper with a final paragraph or two regarding a summary of what you determined and explained in the body of your paper.* Remember to use at least 3 to 4 sentences in each paragraph.Using a search engine of your own choosing, investigate Volkswagen’s performance over the past two years. Write a brief summary of their fortunes and misfortunes.Visit the Volkswagen Investor Relations Web site, then use the search box on the right and search for “organizational structure”. In particular be sure to look at the Corporate Governance Report. Alternately, you can perform an internet search for “Volkswagen organizational structure.” From information supplied, characterize the company’s existing structure.Based on what you have observed in “1” and “2” above; suggest a new organizational structure for the company. Cite any assumptions that you made when you developed your structure.Volkswagen case information instructionsYou can also go to the Internet and type in “Volkswagen organizational structure”. Some great content there as well.Access the rubric.Source:Robbins, S. P., & Judge, T. A. (2013). Organizational behavior (15th ed.). Upper Saddle River, NJ: Pearson Prentice Hall.Please submit your minimum APA formatted and citation styled 2–3 pages of body text, and include an additional title and references page.Directions for submitting your Assignment:Before you submit your Assignment, you should save your work using the correct naming convention: Last_first Name_Homework_Unit #.Make sure your Assignment is in Microsoft Word, doubled spaced and 12 pt. font in Times New Roman. Then, when you are ready, you may submit on the Dropbox page.