Using the following information for Tesla, Porsche, and BMW, answer the questions below. Tesla Motors 2,3 2013
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Using the following information for Tesla, Porsche, and BMW, answer the questions below.
Tesla Motors2,3 | |||||
2013 | 2014 | 2015 | 2016 | 2017 | |
Cars Produced | 22477 | 31655 | 51095 | 76230 | 101312 |
Employees | 6000 | 10161 | 13058 | 17782 | 37543 |
Porsche4 | |||||
2013 | 2014 | 2015 | 2016 | 2017 | |
Cars Produced | 165080 | 203097 | 234497 | 239618 | 255683 |
Employees | 19456 | 22401 | 24481 | 27612 | 29777 |
BMW5 | |||||
2013 | 2014 | 2015 | 2016 | 2017 | |
Cars Produced | 1655138 | 1811719 | 1905234 | 2003359 | 2088283 |
Employees | 110351 | 116324 | 122244 | 124729 | 129900 |
Table 2. Competitor Production Summary
- Complete the table below by computing the Labor Single Factor Productivity for each of the vehicle manufacturers for each year.
Labor Productivity | 2013 | 2014 | 2015 | 2016 | 2017 |
Tesla | |||||
Porsche | |||||
BMW |
2. Assess Tesla's competitiveness compared to Porsche and BMW based on labor productivity.
3. Tesla stated that its goal was to expand production to 500,000 vehicles in 2018. Calculate its Labor Productivity if that were to occur at its current level of employees and comment on how it would compare to Porsche and BMW's current productivity.
Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-1259666360
17th edition
Authors: Douglas A. Lind, William G Marchal
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