Essays on Toyota

Business Model Generation

Toyota seeks to reduce its cost of production by outsourcing most of the parts that are used in the assembling of its vehicles. For this purpose, Toyota has various key partners from who it outsources its various parts. Simchi-Levi, Kaminsky & Simchi-Levi (2008) argues that Toyota produces 30% of the automotive parts in-house while the remaining 70% of the parts are outsourced. All the engines of the company are produced in-house because the company possesses the capacity and knowledge, and would also want to exercise all the control with regards to the quality of its engines (Simchi-Levi, Kaminsky & Simchi-Levi, 2008). ...

1. Drivers of high costs of General Motors production According to the estimations of the market specialists, the usage of raw materials for the production of cars is the major problem of automobile industry resulting in the increase of the expenses and costs. In this regard, it is clear that some companies succeed to find cheaper raw materials with the purpose to save expenses spent for the production of the vehicles. However, in the majority cases this approach fails because of the problems with the quality of the production of the goods with the usage of new raw materials. ...

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POSTGRADUATE DIPLOMA IN BUSINESS ENTERPRISE

Southern Institute of Technology 2016

List of Tables 3

Section 1. Introduction 4 1.1 Purpose of the proposal 4 1.2 Research Aim 4 1.3 Research Questions and Objectives 4 1.4 Research hypothesis 5 1.5 Background and overview of business 5

Section 2. Literature Review 6

2.1 Introduction 6 2.2 Micro and Macro-Economic Indicators and Business Confidence 6 2.3 Recent Trends, Strategies and the Market Potential 7 2.4 Consumer Preferences 8 2.5 Conclusion 9

Section 3: Methodology 9

3.1 Introduction 9 3.2 Secondary Research Method – Literature Review 9 3.3 Case Study 10 3.3.1. Research Design 10 3.2.2. The Sample 11 3.2.3. The Process 11 3.5 ...

Toyota Motor Corporation

The company developed in 1937. In 1938, it launched Just in Time (JIT) system. In 1991 Prius was introduced. In 2000s, products like Passo, Porte, Rush, and LS 600h were announced and with the focus on sustainability in relation to Toyota’s Way, energy efficient cars like SAI, Prius Plug-in Hybird were introduced (Toyota’s History). The company designs, manufactures, assembles, and sells passenger vehicles, minivans, and commercial vehicles along with related parts and accessories. The products that are offered by the company include hybrid cars under Prius, Corolla, Harrier; fuel cell passenger cars under the MIRAI; and conventional ...

Toyota Product marketing mix

Toyota Corporation is one of the automobile companies of the world that has diverse product. Some of the Toyota’s product mix include Toyota automobiles, welcab series, engines, Lexus automobiles, marine products, spare parts, and accessories. Toyota automobiles remain the most popular brand in this mix. The Welcab series are the company’s automobiles developed for people with disabilities and elderly. Its engines, spare parts, and accessories cut across all the company’s automobiles. Finally, Lexus automobiles designed and developed by the company are luxurious in making thus attracting those who like luxury products.

Place marketing mix in Toyota

Bhasin (2016) acknowledges that Toyota ...

Market Positioning

Introduction Market positioning is a marketing strategy that seeks to influence consumer's perception of a given brand or product in relation to other competing commodities in the market. Many scholars view this marketing strategy as the process of creating an image or product identity in the minds of consumers to influence the way they (customers) perceive products in the target market (Blankson et al., 2013, p. 500). Market positioning must be maintained throughout the entire life of a given product/brand, and for firms to achieve this objective, they must understand the key market segments that they want to serve ( ...

Introduction

An organization is regarded as an entity that is made up of people with a collective objective and is connected to the external environment. Hence, a business organization is a group of people collaborating to achieve a commercial objective (Handy, 2005). Toyota Motor Corporation is a Japan based auto manufacturing company with its headquarters in Toyota, Aichi. The company was ranked as the 13th largest in the world in terms of their revenue. It was the largest automotive manufacturer in 2010 ahead of the Volkswagen group and the general motors in terms of their production. The Toyota motor company ...

I recently engaged in a negotiation with a car salesman. I wanted to buy a new sedan car at a price of $6000. However, the car salesman offered the car I wanted at a price of $7500. He insisted that I would have to settle for a different car with a lower performance for the same price I offered. However, I stated clearly that I was not settling for anything less in performance. As such, the dealer requested that I raise my offer which I declined. After analyzing the market prices, the dealer agreed to come down from his ...

Corporate History and Background 3

Corporate Business Strategy 4 Corporate Structure 4 Corporate Stakeholders 6 Corporate Identity, Image, and Reputation 6 Internal Communication Strategies 7 Corporate Social Responsibilities Strategies 8 Corporate Advertising Strategies 9 Media Relations Strategies 10 Investor Relations Strategies 11 Government Relations Strategies 11 Crisis Communication Strategies 12 Recommendations 13

References 14

Corporate History and Background The history of Toyota can be dated back to 1924 when the Toyoda Model G Automatic Loom was invented by Sakichi Toyoda. In 1933, Sakichi Toyoda’s son Kiichiro Toyoda started the production of Toyota automobiles and this venture was established as a division of Toyoda Automatic Loom ...

Introduction

Changes and developments in the technology and in the internet led to enhancements in the creativity in relation to marketing. In addition, technology enabled numerous innovations to build up. To cope with the continuous change in the innovations, the companies started to focus on the differentiation of applications and activities to reach the consumers through diversified communication devices. The key aspects of the communication devices are mobile devices. In today’s diversified business environment, mobile phones, smart phones, PDAs (Personal Digital Assistant), notebook and tablets PCs are considered key mobile devises. The earlier described mobile devices are able to ...

Question 1

In designing a new system for corporate governance, one must consider the principles of integrity, fairness and equity that business advances an ethical business practice towards shareholders and stakeholders (GC-11, 2008). In this sense, the shareholder-centric system, with the unitary board and non-executive directors that oversight the control answers the criteria of fairness towards shareholder, as it is comprised of both members of the companies and of unaffiliated corporations, which met separately to assure righteous oversight (CG-11, 2008). The stakeholder centric system with non-shareholder controlling owners assured a separated oversight from management through its two-tier board, which raises criticism ...

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Volkswagen Ethics

Hotten. R. (2015). Volkswagen: The Scandal Explained. BBCNews.com. Retrieved from: http://www.bbc.com/news/business-34324772

Volkswagen Ethics

The Automobile industry like many others prides itself in its quality manufacturing processes, adherence to compliance norms, innovation and customer satisfaction. However, over the last few decades the industry is plagued with myriad cases of ethical misdemeanors. Some of the unethical behavior probably arises from pressures of business, profits, shareholder value and competition (Bazerman and Tenbrunsel, 2011). In some cases, leaders turn a blind eye to unethical practices. In one of the older cases from the 1970s, ...

The company (TinD) uses many information systems that make its core. The three key ISs include Jidoka, Poke Yoke and T-WINS LS in relation to the identified situation. Jidoka’s purpose is to stop in a safely manner in case of normal processing. In addition, it enables the machine to detect the issue and stops automatically through andon (Toyota Motor Corporation, 2016). Moreover, the purpose of the Poka Yoke is to make issues visible and act as fuel for the Kaizen Teian (Obara & Wilburn, 2012). On the other hand, T-WINS LS helps to manage warehouse and logistics centers of ...

The case summarizes the experience of a Toyota employee (Bob Dallis) while getting trained for a managerial role in America. Despite having the basic idea of the TPS (Toyota Production System), Dallis learned that his knowledge of the system was limited. Through the training Dallis discovered that the best way to learn and understand TPS is through actively participating in the process and finding gaps in the operational process. While going through his training, Dallis learned to identify gaps in the operational process and understand the relevance of the highest level of efficiency and operational availability. Through the training ...

Toyota is a global automobile manufacturer that has outperformed other competing businesses because of its reliability, cost reduction, productivity, market capitalization, and sales growth that continue to expand each year. This has been attributed to Toyota’s tactics and tools in its operations such as kanban pull systems, production cells and cords which it uses as the main operating principles. These policies are geared towards ensuring that the business has continuous improvements in safety, efficiency and reliability hence enabling the company to achieve profitability and higher market share continually. Toyota relies on production systems with nested experiments throughout its ...

Introduction

Credible Parts is an automotive company that designs, assembles and sells motor vehicle parts in New York. The company prides itself on producing durable car parts that have seen the business prosper since inception. The company also sells some of its designs to its partners in the motor vehicle industry. Also, Credible parts motors rely on its dealership network to help in enhancing sells.Furthermore,the company has planned to open more branches in other states of the united states so as to benefit from the large market that has been created by the working class population in the US ...

Lean manufacturing system

Lean manufacturing system is a systematic process that can be implemented to any well-organized system in order to pin point and eliminate the factors that are not valuable to the customer of the final product. The process of lean manufacturing systems itself was developed by Toyota Corporation (Lancaster, 6). The technique was quite effective which was very clear from the improvement in the revenues of Toyota Corporation after its implementation. And it is one of the major reasons that had helped in upliftment of Toyota Corporation from its crisis (Prakash, 4). But it seems that the application of lean ...

Introduction

Exports can be seen as a mechanism for economic growth of a country. Increased exportation of products can provide output growth directly as part of aggregate output. An increase of foreign demand of products can result in a country’s growth through employment and additional income for exporters. Another significant contribution of exports is that it can impact economic growth by way of “efficient resource allocation,” including more economies of scale and technological change as a result of “foreign market competition” (Helpman & Krugman, 198; Ben-David & Loewy, 1998 as cited in Awokuse, 2008, p. 593). One of the drivers for ...

Lean manufacturing system focuses on providing impeccable customer service at an incredibly quick pace. For most of the American manufactures, superimposing their existing production methods with lean production techniques would cause huge disturbance and pain (Womack, Jones & Roos, 2007). Also, lean is basically a change in the management paradigm from the traditional small craft approach to mass production. One of the most important factors that led most of the American companies to fail in implementing the lean manufacturing system is the absence of a standardized procedure in practicing the lean system. For instance, even as Toyota successfully implements the ...

Question 1

Management information system [MIS] is an integrated system that helps the management with relevant information to plan and make decisions in order to run the business more effectively and efficiently (Becerra-Fernandez and Leidner, 2014 p.42). The core aim is to make raw data into useful information that helps in managerial decision-making. That being said, the functions of MIS are data capturing, data storage, data processing, data and information distribution, prediction or forecasting, planning, and control (Leon, 2008 p.328). Data processing is the process of gathering data from various sources; this may include customer touchpoints like stores and e-commerce sites, ...

The case study reveals that there are a number of challenges faced by Tesla. These challenges rose up when the environmentalist came up with laws and regulations so as to limit the fuel emission from cars. Then technology chipped in which called out for making car models which are based on the latest form of innovative technologies in terms of fuel consumption. Many international car manufacturers have also joined the automobile industry including the companies from Korea, Japan, and China. Due to the increase in care manufacturing companies, the competition has also soared for Tesla. There were some questions ...

Emma Williams’s Case

Arbitration is a formal process for determining a grievance between parties in a conflict. A labor arbitration process involves an employment-related dispute between an employer and employee. The authority of an arbitral award comes from the binding arbitral clause in a contract of employment or the authority given by the parties through the appointment (Walras, 2013). An arbitrator has quasi-judicial powers to investigate, listen to the grievances of the parties and provide a decision, which is binding on all parties involved in dispute. However, arbitration must be launched on time to have a force of law. The dispute in ...

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RE: A Recommendation for the Car Model of the Delivery Fleet

Introduction I wrote this report to provide a recommendation in choosing a car model for the fleet of 35 that we plan to purchase. We need a car that would support our business model of online ordering meals from hundreds of restaurants in Toronto. The choice of the car would be based on criteria that would reflect economy, reliability and other factors. The discussion would present the criteria for choosing the car models and their makers. The three options would then be described and explained on how each would meet the criteria; a recommendation would then ...

External Analysis

The first opportunity was holding a design contest for its first product. In this manner, the company managed to secure the manufacturing and engineering expertise of Lotus cars who brought experience to Tesla Motors. The use of Lotus’ software and tools also ensured that a company that has specialized in the area built the chassis. There were financial challenges that faced the company due to the misleading by the CEO, who lied to the investors about the manufacturing cost of the car. Furthermore, there was a discovery that the technology used was outdated, resulting in safety issues in the ...

How my chosen organization compete within its business area

Toyota is a leading manufacturer of automobile in the global setting, a position that has been earned through overcoming various hurdles over the past decades. One of the primary attributes that have contributed to the company's success is its focus on effective quality management (Toussaint, 2016). Moreover, the company's success is associated with a strict management system, which is based on the different principles of operations management as will be explained in the study. By embracing the above techniques, the company has experienced tremendous growth over the recent past. Therefore, the above study seeks to account for the significance ...

Based on the above discussion, recommend and justify the risk exposures that should be reported as part of an Enterprise Risk Management System for the Toyota Motor Company? (10 Marks) The first risk that Toyota is faced with is the investment in commodities. Commodities such as non-ferrous metals, precious metals, ferrous alloys, energy, and plastic resin from outside sources may be subjected to price changes. Changes in prices can have a negative impact on the productivity for Toyota because inflated prices may result in delayed projects and the inability to complete planned products based on a lack of resources. ...

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Technology 1: Hybrid Electric Vehicle

Introduction In 1997, Toyota rolled-out its sedan which was powered by both the conventional combustion and electric power trains. Effect on Daily Life People who have bought hybrid cars enjoyed lesser fuel expenses. Hybrid cars reduce the emission of CO2 which causes global warming. Owners have also felt a sense of pride and higher self-esteem knowing that they are doing something positive about global warming.

Needs

It has addressed the need for fuel economy, an alternative to fossil fuel and the planet’s protection from pollution damage. Fossil fuel will eventually run-out and in that event, electric ...

Executive Summary

An in-depth analysis of the New Zealand’s auto industry reflects that establishment of an auto parts business focusing on the import and supply of all parts of Japanese made cars will be successful in the country. New Zealand greatly relies on used car imports from Japan to meet the local need for higher ownership levels. The planned venture will be located in Auckland, New Zealand. It proposes to import auto parts of Toyota and Nissan in the initial phase of market positioning. In the entry phase, the organization will particularly try to meet the needs of Toyota and ...

General Motors is one of the world’s major automobile manufacturing companies with well-accepted brands such as Chevrolet, Buick, Opel, GMC, Holden, GM Daewoo, Wuling, Vauxhall and Cadillac. The company’s largest markets are the United States, Brazil, the UK, China, Canada, Germany, and Russia. In 2009, the Japanese automobile manufacturer Toyota exceeded the number of vehicle sales for GM to become the leading auto manufacturer in the world. This success can be credited to a number of factors among them the Kaizen concept which is essentially a company culture observed at Toyota (Helper & Henderson 2014). This trend is ...

Amazon.com Inc. might be many people’s dream place to work for; a high employee turnover (second position among Fortune 500 companies) seems quite ironical given its reputation and other profitability statistics. Though the high turnover is also a courtesy to improving the job market and growing growth opportunities, a punishing culture of long working hours, high-stress level, strict deadlines, and disparaging bosses cannot be ignored. Apparently, HR dimensions need to be taken care of if the company wishes to retain key employees and optimize their productivity. It goes without saying that employees are the cornerstone of business and ...

Writing Assignment: Crisis Communication

Toyota is a global leader in the manufacture and sale of a wide range of cars. The business of Toyota was lucrative, comfortable and very successful for many decades until 2009 when the business was hard hit by an unfortunate violent wave that nearly tainted the company’s historical reputation. The business cycle is defined by frequent ups and downs, Toyota suffered from a down crisis in 2009. The company, however, managed to survive the test of time to prove its effectiveness in crisis management, and regain its market reputation and competitiveness through appropriate communication, proper planning and execution. ...

Background

The past several years have been graced with an increase in the production and use of hybrid cars. Numerous automobile companies are exploring and introducing hybrid electric vehicles to the market, with several other companies to follows soon given the demand. It is imperative to outline that the introduction and the fast embrace and use of hybrid electric cars over the past few decades have been stimulated by several factors. Apart from the increasing demand for hybrid cars based on their advantages, the increase in production of these vehicles has been stimulated by the declining fuel reserves and concerns ...

Maslow’s hierarchy of needs is a triangle comprising of five levels of needs. Physiological needs (such as baby food) are at the bottom but the largest level (Hollensen, 1). To progress to fulfill higher needs, food must be provided. Food is an integral part of psychological processes and must be provided for the body to work at optimum levels. Lack of food will result in malnutrition, which is apparent to the naked eye (Sheth and Rajendra, 99). Chinese business systems are unique and sophisticated as attested to by their highly developed systems and practices (Hollensen, 3). A wide ...

General Motors, also called “GM” in this piece, is an American corporation that is responsible for overseeing a number of automotive and vehicle brands. In total, GM is responsible for thirteen different brands: these brands are Alpheon, Cadillac, Vauxhall, Chevrolet, Buick, GMC, HSV, Wuling, Baojun, Jie Fang and Ravon (General Motors, 2016). Not all of these brands are available in every country served by General Motors; many of these subsidiaries are available only in particular regions or regional locales. As is traditional in the modern multinational corporation or conglomeration, the company has headquarters in one location, and each of ...

Toyota is an automobile company which is recognized for its market appeal, innovation and quality. The company has been in the motor industry for a long time and has continued to perfect its production process over the years. Despite the stiff competition in the automobile industry, Toyota has managed to stay ahead of the competition by delivering quality to the consumer, but there are still numerous opportunities in the industry that the company can exploit to increase its market share further.

Brand History and Background

Toyota motor company became established in 1937 .Toyota first started out as a division of the Toyota Loom ...

The article Toyota way elaborates the different ways that Toyota has managed to maintain its top spot in the lead of the best company in the motor industry. The Key secret strategy that the business maintains and which keeps pushing the company ahead is the partnerships that the company has formed with other stakeholders in the firm, specifically suppliers. Suppliers and partners credit Toyota as a company that sets high standards for themselves and the suppliers and in the process ensuring that their products are of high quality. The high standards set by Toyota helps the suppliers grow their ...

Part B – Toyota Production System Report

The Toyota Production System (TPS) is a socio-technical system developed by no less than Toyota Corporation, the largest automobile manufacturer in the planet. The said system summarizes their management and production principles and philosophies. What makes the said system fascinating is the fact that it is one of the reasons why Toyota has been continuously bagged awards in its industry and is now being hailed as the alpha in the international automobile industry—both by its customers and business analysts. In Part A of this report, the author has outlined the different advantages of the TPS, how it can ...

Introduction

Denning (2013) had written “What Went Wrong At Boeing?” news article and reported about the failure of Boeing in its outsourcing and offshoring when the company outsourced some parts for the manufacturing and development of Boeing 787. The purpose of the article was to explore and explain the more focused and specific mistakes and errors made by Boeing in outsourcing and offshoring handling and strategic decision making. The company aimed to control and reduce the cost of in-house production of those parts for that the company lacks the required efficiencies and skills for such products. In the results of ...

Introduction

Change is inevitable within the organizations. In essence, the organizations in the contemporary competitive environment are required to undergo changes so as to remain competitive. In other words, change is imperative for the organizations because it would be possible for them to lose their competitive advantages devoid of it. Alkaya and Hepaktan (2003) describe change as a response to some considerable opportunity or threat that arise out of the organization. It is imperative to note that change takes place when the organizations make a transition from their present state to some anticipated future state. The task of managing change ...

Ford Motor Company was founded in the year 1903 by Henry Ford. The Company became the first mass producer of automobiles after inventing the assembly line in 1013.Ford Motor Company launched Fiesta diesel in November 2008 which became the most fuel-efficient cars worldwide. In as much as Fiesta was doing well in performance, Ford had no intentions of introducing the model to other parts of the world where the car was not known. Their reasoning was; some consumers in different states such as America complained that the diesel is smelly, noisy and smoky hence not convenience for use. According ...

I MIKE LARSON state under oath that: I have been a special Agent of the police station located 450 110 Ave NE, Bellevue, WA 98004 for approximately five years. I have the necessary authority to carry out investigation of crimes involving theft. All the information that I submit in this affidavit is a consequence of the investigations that I have carried out and communicated to me by other officers involved in the investigation. I have compelling reasons to believe that there is probable cause to issue a search warrant for the vehicle belonging to Joe A. and identified as ...

Potential Country Markets

The process of identifying the high potential countries where General Motor products can be marketed used a broad examination of several factors. The factors considered included country rating, business climate rating, 2015 forecasted market size, and the overall market potential evaluation index. The 2015 forecasted market size would help me select the nations that are importing GM products for further in-depth analysis in this paper. With the current reports, India would not be a safe country to target for GM products. The country is experiencing around medium, and the volatility in its economy would make slight changes that are ...

Visualize a particular time when you needed to acquire a new mobile phone. The processes of deciding on a particular model are usually complicated and thus as a prospective buyer, you may have opted to acquire one of the most popular brand. Another method of simplifying that decision would have been going for the brand that worked well for you in the past and opt for the newer improved version of the same. In other cases, a recommendation from a friend or just copying what your peers are using may have influenced your decision to go for a particular ...

Analysis of Business and Corporate Levels Strategies

Analysis of Business and Corporate Levels Strategies

Introduction

The increased market competitions at both domestic and global levels have become a major concern of the managements of business organizations. High competition occurs as a result of many companies engaging in the same line of production, leading to the supply of similar products and services to the market. Different organizations adopt various strategies to help them improve their competitive positions and maintain their market share. Primarily, business organizations use strategic pricing methods to enhance their customer base. Also, different marketing strategies such as strategic market mix are adopted to improve the ...

Introduction

This paper seeks to conduct an analysis for the financial performance of Lexus in relation to other industry competitors; Jaguar, Mercedes, Porshe and BMW. In order to arrive at objective results, the analysis will compare various financial and performance metrics for the businesses. It is a purely objective analysis that will be based on the figures obtained from the annual reports of the companies.

Return on capital employed (ROCE)

Return on capital employed is a metric for a company’s profitability and the effectiveness of its capital employment. ROCE = Profits before interest and tax/Capital employed. A significantly huge amount of ROCE is a clear ...

Part One

The WABC TV station, New York is programmed to follow a certain order of occurrence of events. Undeniably, the video in the first few minutes covers the analysis of the upcoming news head. There is a team of four professionals who are analyzing the upcoming events. More so, the story of Owen saving bird features the top in one of the scenes that were attracting. The highlights show Owen half naked in a river at Florida County, in the United States. The most trending video of Owen rescuing a bird from the water attracts the contribution of the viewers. ...

Tesla Motors Inc. is American energy storage and the automotive company that designs, manufactures and sells electric vehicle powertrain components and battery products. Tesla Motors is also a public company that trades on the NASDAQ stock exchange under the symbol TSLA (Carlson & Robertson, 2014). Tesla Motors company manufactures home and office battery charging equipment and has also installed a network of high-powered Superchargers across North America, Asia, and Europe. The company also operates a destination charging program where shops and restaurants among other venues are offered fast chargers for their customers. The market structure in which Tesla Motors competes ...

International Market Entry Plan

Company/Product Overview. General Motors are a multinational corporation whose mother country is America. The General Motors’ business is in the automotive industry with its headquarters in Detroit, Michigan. The company’s main activities are the designing, building and selling of cars and trucks. It owns eighteen brands including Chevrolet, Cadillac, Opel, and GMC among others as illustrated by Harrison et al (17). There is no particular mission for the company, but on their website, they exist for this, “Making the best vehicles in the world needs world’s greatest employees. We take great pride on duty and care to ...

Toyota Multinational Corporation was founded in 1937 by Kiichiro Toyoda to create the automobiles. It is a multinational Corporation, and its headquarters is located in Japan. The corporation has employed about 320,000 people worldwide, and it is among the largest carmakers by sale. Toyota Multinational Corporation is a leading automobile firm, and it operates in more than 170 nations in the world. The company operates in many parts of the world, and its major markets include Japan, North America, Asia, and Europe. Its main objective and aim are to provide high quality and good customer service to its ...

Toyota Motor Manufacturing, U.S.A., Inc.

Answer 1

The car seat problem has incurred due to run ration of Toyota Motor Manufacturing Plant in USA that has resulted in a shortfall of about 45 cars in a single shift. Moreover, the cars were need to be completed before they could be shipped; therefore, off-line operations has become necessary. However, the major contributing factor to the problem is the car’s seat defect where the cars went on the company’s assembly line with all the defective seats. Moreover, there are two causes of car seat defects, i.e., flaw in materials and inappropriate ...

Volkswagen vs Ford

Introduction Volkswagen and Ford are both family businesses working in the global automotive industry. In 2015 worldwide 73.9 million of passenger cars were sold in the global automobile markets along with the 86.56 cars produced. The biggest automotive markets can be found in China and in the United States. The biggest automotive suppliers in the industry are from Asia and Europe and include Bosch with steering systems, Continental in the area of tire manufacturing, Denso and Magna. The size of automotive supplier market worldwide is estimated at €620bn (The Statistics Portal, 2016). Those suppliers are currently faced with the ...

1.0 Executive Summary Enhancing brand loyalty has become a major concern to many business organizations. Developing brand love by improving customer satisfaction is one of the strategies that most companies use to enhance brand loyalty. Consumers tend to develop intimacy, commitment, and passion for various brands of products, which forms the basis for brand love (Sternberg, 1986, p. 126). Brand loyalty has significant impacts on the marketability of a product. The determination of consumers’ attitude towards a particular brand helps in the formulation of strategies intended to stimulate improvements. High level of customer satisfaction often results in strong relationship ...

Introduction

The changes in the factors of production affect the production process of various commodities in the market. The production process of every product is done with a primary aim of maximizing profit in the market. There are several factors that affect the profit formation process in an organization. It is the role of the management of any business to ensure the operations of the enterprise are flexible and efficient in the organization. The management of the business consists of different departments in an organization. Every department in an organization plays a major role in the success of the company. ...

International Automobile Manufacturing Industry

Introduction The International Automobile industry is one of the biggest industries across the world. It has a wide range and top of automobile companies in terms of production including Toyota, Volkswagen, General Motors, Nissan, and Ford. It is expected that by 2020, around 90 million cars and commercial vehicles will be produced (Barnard). Top car manufacturing countries around the world including Japan, Germany, and the USA. (Statista a) Cars, as well as commercial vehicles, are being produced across the world. The following graph shows the proportion of car and commercial vehicles producing worldwide from the year 2000 to 2015: ( ...

A. Introduction

Toyota Motors Corporation (Toyota) is a ¥25.69 trillion (US$256.91 billion at ¥100.00:$1 exchange rate used in the 2014 annual report) automotive manufacturing enterprise (Toyota, 2014, p. 26) with four major market regions globally, namely: Japan (home), North America, Europe, Asia, and Other regions (see section C for details). Since 2010, it grew 35.57% from ¥18.95 trillion. Its return on equity has grown from 2.1% in 2010 to 13.7% in 2014, or 6.5 times. Moreover, its return on assets grew 6.7 times from 0.7% in 2010 to 4.7% in 2014. Toyota has one core product (automobiles) and core ...

Difference between Six Sigma and Lean

Six Sigma can be explained as the philosophy of management that is highly focused on the achievement of organization's objective, data collection, and examination of the outcome of the entire process to ensure the quality service and decrease in product imperfection. Sigma is a Greek word that is rarely used to indicate the difference from a standard but in the philosophy of management, Six Sigma is used as a methodology to eradicate faults from the manufacturing process to ensure the best quality of products. Six Sigma is classified into two parts namely, Six Sigma DMAIC and Six Sigma DMADV. ...

Various stakeholders have a different interest concerning the electric vehicles. Ideally, this can be due to the uniqueness the technological design has adopted. The essence of having hydrogen fuel cell is the need to salvage the environment from harmful emissions. The various stakeholders were particularly interested in the outcome of the usage. Notably, the key stakeholder is the environmental activists lobby groups. The projection depicted by the outcome is environmentally friendly. The NGO push for such devices to be used in the current world. Ideally, global warming has been the major catastrophes that the environmentalist desire to resolve. The ...

Introduction

This paper seeks to conduct an analysis for the financial performance of the Toyota Motor Corporation and General Motors Company for their financial years ended in 2015. In order to arrive at objective results, the analysis will compare different financial and performance ratios for both businesses. It is a purely objective analysis that will be based on the figures presented on the annual audited final accounts of the companies.

A.Ratios

Liquidity ratios These are financial metrics used to assess and determine an entity’s ability to meet its short term debt obligations. They include:

Current ratio

Quick ratio/Acid test ratio Profitability ratios. ...

Introduction

Tesla Motors Company is an American company that designs, manufactures, and sells electric cars as well as components of electric vehicle powertrains. Tesla Motors is also a public company that trades on the NASDAQ stock exchange using the symbol TSLA. The stock exchange of the company has been recently rising tremendously. In the year 2014 the stock of the motor company rose up to nearly 70% and in the last 12 months, the figure incredibly rose up to 618%. Tesla Motor Company was founded in California's Silicon Valley and was incorporated in July 2003 by two individuals, namely Eberhard ...

Brand Management

Introduction As per the American Marketing Association (AMA), the definition of a brand is a name, term, symbol, design or a combination of them, which is intended to identify the goods or services (Cohen, 2011, para. 3). These products may belong to one seller or a group of sellers and to differentiate them from those of competitors (Korchia, 2012 p. 13). However, there exist several other definitions for the term "brand." In such circumstances, it is always good to use a standard definition that can be used under every circumstance. The AMA definition is the best one ever definition ...