Strategic Analysis of Toyota Motor Corporation

In: Philosophy and Psychology

Submitted By aarindam
Words 3279
Pages 14
* -------------------------------------------------
Log In * -------------------------------------------------
Register Now * -------------------------------------------------
Help
* -------------------------------------------------
TimesPeople
* -------------------------------------------------
Home Page * -------------------------------------------------
Today's Paper * -------------------------------------------------
Video
* -------------------------------------------------
Most Popular * -------------------------------------------------
Times Topics
-------------------------------------------------
Top of Form

Search All NYTimes.com
Bottom of Form

Saturday, January 8, 2011
Business Day * -------------------------------------------------
World
* -------------------------------------------------
U.S.
* -------------------------------------------------
N.Y. / Region * -------------------------------------------------
Business
* -------------------------------------------------
Technology
* -------------------------------------------------
Science
* -------------------------------------------------
Health
* -------------------------------------------------
Sports
* -------------------------------------------------
Opinion
* -------------------------------------------------
Arts
* -------------------------------------------------
Style
* -------------------------------------------------
Travel
* -------------------------------------------------
Jobs
* -------------------------------------------------
Real Estate * -------------------------------------------------
Autos
-------------------------------------------------
Top of Form

Bottom of Form * Global * DealBook * Markets * Economy *…...

Similar Documents

Analysis of Toyota Corporation

...avoid U.S. import tariffs, Toyota built its first manufacturing facility in North America in 1972 in Long Beach, CA. Following in 1985, a second facility was erected and opened in Canada. It wasn’t until 1988 however that manufacturing facilities were built to both manufacture and sell cars. The first two facilities opened in 1988 and were located in Ontario, Canada, and Kentucky respectively. Currently there are two facilities located in Canada, ten in the United States, and in 2002 Toyota opened their first manufacturing facility in Mexico (Toyota, nd). The Japanese exchange rate was a major factor that needed to be considered when moving production facilities to North America. During the 1970’s, the YEN was at an all-time low following the 1973 oil crisis. During the 1980’s the YEN failed to climb, but in the 1990’s the YEN reached its peak in 1995. An evaluation of the production facilities currently located in North America finds the TMMC (Canadian manufacturing facility) to be among the top 5 global manufacturing plants. They produce over 500,000 vehicles annually. Next the North American facilities combine to produce 1,644,661 vehicles last year, and have 10 operating plants. They spend 1 million dollars annually on R&D, have created 365,000 jobs, and produce 9 models of Toyota vehicles. The North American plants have received significant investment from Toyota and are operating exceptionally well. Our team believes that Toyota has chosen to......

Words: 723 - Pages: 3

Toyota Motor Corporation Swot Analysis

... SWOT Analysis of the Toyota Motor Corporation Yewande Adeniyi Davenport University Busn520 Dr. Thomas Steinhagen March 15, 2013 SWOT Analysis of the Toyota Motor Corporation Yewande Adeniyi Davenport University Busn520 Dr. Thomas Steinhagen March 15, 2013 Table of Contents Abstract….3 Introduction….4 Strengths….4, 5 Weaknesses….5 Opportunities….5, 6 Threats….6 External Factors….6, 7 Recommendations/Conclusion….7, 8 References….9, 10 Abstract This paper outlines a complete SWOT analysis report of the Toyota Motor Corporation (TMC). According to Mindtools.com, a SWOT analysis is tool that is used to analyze the strengths, weakness, opportunities, and threats that a company may have or encounter in its business dealings (2013). A SWOT analysis can be used in the form of an “ice breaker,” whereby one can used it an introduction of sorts about a company. However, the best possible way to use the SWOT analysis is as that of a strategy tool. It can be used as a tool to weave out the things the company may not need, improve on processes that may not be functioning properly and increase company profits (Mindtools, 2013). This paper focuses on the internal and external networks of the TMC to come up with a strategy that will increase the company’s strength, decrease or eliminate company weakness, provide more opportunities, and weave out potential threats and failures. SWOT Analysis of the Toyota Motor Corporation Introduction/Overview The Toyota Motor Corporation is an......

Words: 1709 - Pages: 7

Toyota Motors Case Study

...Introduction Toyota Motor Corporation is one of the world largest automobile manufacturing. They have manufacturing plant throughout the world. Toyota has thirteen manufacturing plants in North American alone. One of its largest plants is here in the Georgetown, Kentucky where they produce the new Camry. Toyota is poised to overtake General Motors and become the largest car manufacturer in the world. Much of this success can be attributed to the renowned Toyota Production System (TPS). This system is one of the most admired lean manufacturing systems in existence and is constantly used in operational management text books as an example of how important operational management is to an organization. The main objectives to the TPS are to design out overburden and inconsistence, and to eliminate waste. Toyota has spent millions of dollars to bring over this system and implement here in its North American manufacturing plants. In our case we focus on the breakdown of this system that allows a small issue in seat installation to turn into a large problem that is slowing down production. Car production has dropped from run ratio of 85% to a run ratio of 95% in only one month. The run ratio measures the number of cars actually assembled in proportion to the number of cars that could have been assembled with no line stoppages. Along with the slowdown in production no one can put their finger on what is causing this and why there is a breakdown in the otherwise efficient TPS that......

Words: 2247 - Pages: 9

Toyota Motor Corporation Swot Analysis

...Achieve Competitive Advantage AUTOMOBILES: TOYOTA MOTOR CORPORATION Gaining and Sustaining Long-term Advantage Through Information Technology Case Prepared By William V. Rapp Co-Principal Investigator The College of International Relations Ritsumeikan University Kyoto, Japan 914-945-0630 (Fax: 914-923-1416; 011-81-75-466-1214) E-mail: william.rapp@aya.yale.edu April 2000 SOFTWARE AS A TOOL OF COMPETITIVE ADVANTAGE: AUTOMOBILE INDUSTRY 1 2 3 4 5 Introduction: Objectives of this Benchmarking Study……………………….…….3 Approach: Methodology and Questions…………………………………………....9 Introduction to Case…………………………………………………………….…10 The Industry Context: The Japanese and Global Automobile Industries………….10 Toyota’s Multi-faceted Global Strategy………………………………….………..21 Smart Production (scheduling, buffer stocks, interactive controls) Smart Design IT and Management of Supplier Networks Smart Marketing Responding to Demand Changes Through Smart Production & Design 6 Smart Car…………………………………………………………………….……...42 Environmentally Smart Cars Intelligent Transportation System (ITS) 7 8 Information Technology Infrastructure and Project Selection………………………60 Summary - Controlling the Future…………………………………………………..68 Exhibit 1 - Promotion Plan for Intelligent Transportation System………………………78 Exhibit 2 - Toyota’s ITS Businesses and R&D………………………………………….79 Exhibit 3 - ITS Evolutionary Development……………………………………………..80 Appendix I Summary Answers to Questions for Toyota - Auto Strategy &......

Words: 31150 - Pages: 125

Toyota Automobile Corporation

...Toyota Automobile Corporation Toyoya merged with Daishat SU, lexis and Scion (Toyota Motor Corporation-mergers and acquisitions). This was a horizontal merger. They all manufactured and sell cars, SUV’s and trucks. They set a global image which included being kind to earth, comfort of life, excitement for the world, and respect for all people. The Toyota was a Japanese owned company that expanded to the United States around 1988, when the first American owned factory was built. They set their principles for contribution toward a prosperous 21st century for growth in harmony with the environment ( the challenge of zero emissions). They worked on a close relationship with individuals and organizations involved in environmental preservation, and the pursuit of environmental technologies enabling the environment and economy to exist together. Their vision was toward a recycle oriented society, the age of IT, a mature society and global motorization. Their externalities and policies were: local air pollution-automobile emission declining, taxes, road and bridge maintenance, energy security, undesirable side effects, dependence on oil for gas. The concerns about the reassessment of federal automobile policies, centered around energy security, growing pressure on the federal government to curb greenhouse gases regarding global warming. Several new companies entered the market . These included Coda Automotive, The Wheego electric car, The Think,......

Words: 308 - Pages: 2

Toyota Motors Management

...Management TOYOTA Team P.A.L Minchul Seo, Altanzul Table of Content 1. Introduction 2. Industries and Company Information 3. Explanation of OM Capabilities 4. How Company Uses OM 5. Identify Problems / SWOT analysis 6. Areas to use for improvements of Critical Business activities in Operations Management 7. Provide Multiple Solutions 8. Conclusion Introduction Toyota Motor Corporation is one of the leading automobile manufacturers in the world by not only its models but also its management. We can say that the principles that Toyota Motor Corporation uses are the way to their success. For instance, they do not only want to be successful by themselves but also they respect their partners and suppliers by challenging them and helping them improve. Toyota wants to be reliable to the customers, suppliers and to the organization. For this reason, they use some operating management technologies such as Just In Time (JIT), Quality Management (QM), Total Quality Management (TQM) and so on. Using these technologies they could reduce to time they spent on manufacturing, shipping, ordering, receiving, forecasting and many others. It also affected to their quality and the overall mission to be succeed. They do not try to hide their weakness and problems in the organization so that they can fix them easily by using simple visual indicators to help people determine their problems immediately whether they are in standard condition deviating from it.......

Words: 4018 - Pages: 17

Toyota Motors

...Overview of Toyota Motor Corporation Toyota Motor Corporation is one of the world’s largest automotive manufacturers by auto sales, designs and manufactures a diverse product line-up like buses, minivans, trucks, SUVs, luxury, and sports vehicles. Toyota makes automotive parts for its own use and for sale to others. Popular models include the Camry, Corolla, Land Cruiser, and luxury Lexus line, as well as the Tundra truck. Toyota conducts its business worldwide with 27 countries and regions. The countries that Toyota operates are: Canada, USA, Argentina, Brazil, Mexico, Venezuela, Czech Republic, France, Poland, Portugal, Turkey, U.K., Russia, Kenya, South Africa, Egypt, China, Taiwan, India, Indonesia, Malaysia, Pakistan, Philippines, Thailand, Vietnam, Australia, and, Bangladesh. Toyota Motor Corporation is a Japanese automaker headquartered in Toyota, Aichi, Japan. Japan has a commercial law system based entirely on custom (Hahn, 1984). These customs were known and used by commercial society of Japan. It is being enforced by courts, guild, trades associations, and different self-regulatory guilds. Market System Market economy is the type of economy that Japan have. Market economy means that the resources are allocated and controlled by consumers who “vote: by buying goods (Daniel, Radebaugh, Sullivan, 2011). Japan’s economy relies on its manufacturing industry which produces automobiles, robots, televisions, and electronic equipment. Toyota Motor Corporation is......

Words: 897 - Pages: 4

Ford Motor Company and the Toyota Motor Corporation

...Running Head: Ford Motor Company and the Toyota Motor Corporation Ford Motor Company and the Toyota Motor Corporation AIU – MGT680 Abstract Two major automakers are Toyota and Ford. This paper will compare the two companies to better understand the contributions to for success of each company. This paper will include a SWOT analysis which identifies strengths, weaknesses, opportunities, and threats to these companies. It will also include a plan of action for one weakness to turn them into strengths. It will discuss the current issues being faced by each company and how it affects the global operation because of the importance.   Ford Motor Company and the Toyota Motor Corporation Ford Motor Company was started by Henry Ford in 1903 (Heritage, 2014). Toyota Motor Corporation was started by Kiichiro Toyoda in 1935 (50 Years, 2014). While each firm has been able to develop a relationship between the political and economic forces within their communities, they also understand a strategic plan is important and will guide them to an effective relationship within their communities. This type of plan will help the two firms build brand name as both firms have successfully done. The following table will illustrate the main issues Ford and Toyota are facing. It briefly explains the current position or view of each company to help better understand who the two firms view their community responsibilities. Issues Ford Toyota Legal, Social and Economic......

Words: 2517 - Pages: 11

Toyota Motor Corporation- North American Region

...Project Contemporary Management Technique Research Paper: Toyota Motor Corporation Reginald A. Thomas Liberty University Toyota Motor Corporation is an organization that makes headlines on every news platform there is. They are known worldwide, as a dominating force within the automotives industry, and it is imperative to the organization to stay at the top of the industries pack. Not only that, but also to continue to be the leader in sales and to deliver quality products and services. Making headlines throughout the world regarding an electronic failure or mechanical problems causing sticking accelerator pedal and floor mat pedal entrapment is not something that an automotive organization would like to hear. However, this is the case with Toyota. Within the years 2009 and 2010 Toyota recalled millions of vehicles due to a mechanical problem of sticking accelerator pedal and floor mat pedal entrapment. This recall resulted in $48.8 million in lawsuits that Toyota received due to some fatal car accidents involving their vehicles and the nonresponsive actions that Toyota integrated (Wald, 2011, para 4). Eventually the reputation of Toyota had decreased tremendously. Despite the fact that in the early 1960s Toyota implemented Toyota Quality Control (TQC) activities, this did not respond well with the recalls and the trust that customers had instilled in Toyota. TQC is used to solve quality issues early and prevent......

Words: 3161 - Pages: 13

Toyota Analysis

...Analysis of Toyota Motor Corporation By: Thembani Nkomo This paper will explore the external and internal environment of Toyota Motor Corporation, and suggest recommendations to sustain its competitive advantage. Analysis of Toyota Motor Corporation by Thembani Nkomo ANALYISIS OF TOYOTA MOTOR CORPORATION TABLE OF CONTENTS 1 COMPANY OVERVIEW 2 EXTERNAL ENVIRONMENT OF THE AUTOMOTIVE INDUSTRY 2.1 Industry Overview and Analysis 2.2 Industry Life Cycle 2.3 Industry Demand Determinants 2.4 Porter’s Five Forces 2.5 Industry Cost Structure Benchmark 2.6 Industry Competitive Landscape 2.7 Major Competitors 2.8 Key Success Factors in Industry 3 INTERNAL ENVIRONMENT OF TOYOTA 3.1 Core Competencies 3.2 Distinct Competency 3.3 SWOT Analysis 3.4 BCG Matrix: Internal Analysis of Toyota Portfolio 3.5 VRIO Framework Analysis 3.6 Toyota’s Efforts in Emerging Economies 3.7 Case Study: Toyota’s Successful Strategy in Indonesia 3.8 Strategic M&A, Partnerships, Joint Ventures, and Alliances 3.9 Analysis of Financial Performance 4 RECOMMENDATIONS 5 APPENDICES 6 REFERENCES Analysis of Toyota Motor Corporation by Thembani Nkomo 1. TOYOTA CORPORATE OVERVIEW: Founded in 1937, Toyota Motor Corporation is a Japanese company that engages in the design, manufacture, assembly, and sale of passenger cars, minivans, commercial vehicles, and related parts and accessories primarily in Japan, North America, Europe, and Asia. Current brands include Toyota,...

Words: 4841 - Pages: 20

Toyota Corporation Financials

...BUS 330: Business Finance Toyota Motor Corporation (TM) F/S Ratio Analysis Case Prepared by Toyota Motors Corporation is a Japanese automotive manufacturer. Its headquarters are in Toyota, Aichi, Japan. Toyota was the largest automobile manufacturer in the 12th largest companies in the world by revenue. Furthermore, in 2012 Toyota was the largest manufacturer by production, of which, it was ahead of General Motors and Volkswagen Group. Toyota is a multinational corporation with a rough estimate of 330,000+ employees worldwide. A fun fact about Toyota is that, it is the world’s first automobile manufacturer to produce more than 10 million vehicles per year. In addition, Toyota was the largest listed company in Japan. This rank was taken by market capitalization and by revenue. It was worth more than twice as much as the second listed company. Toyota is not only in the automobile business, they have also ventured into other business areas like: Manufacture and sales of textile machinery, materials handling equipment, as well as into the logistics business. “Toyota Industries strives to enhance its corporate governance based on the belief that maintaining and improving management efficiency and the fairness and transparency of its corporate activities is of utmost importance” (Toyota). Toyota has a divisional organization system, with significant authorities delegated to each of the business divisions; furthermore, Toyota has established the BOC, which......

Words: 3136 - Pages: 13

Tesla Motors Strategic Analysis

...Tesla Motors Strategic Analysis Prepared by: Lexen Beran Brenna Hayes Travis Heidemen Jenna Hughes Jake Latimer In Partial Fulfillment Of the Requirements For: MANGT 595: Business Strategy M/W/F at 12:30pm   1   Table of Contents Table of Contents…………………………………………………………………...……2 Executive Summary……………………………………………………………………...3 Introduction………………………………………………………………………………4 External Analysis………………………………………………………………………...5 Internal Analysis…………………………………………………………………………8 Strategic Challenges………………………………………………………………….…10 Strategic Recommendation……………………………………………………….……11 Implementation Plan……………………………………………………………...……13 Conclusion………………………………………………………………………………14 Bibliography……………………………………………………………….……………15 Appendices………………………………………………………………………………16   2   Executive Summary Tesla’s uniqueness and innovative products has served as a catalyst to an entire industry seeking an alternative to the complacent market of gas-powered only vehicles. But what strategies where utilized in their great success? How will the firm continue to innovate after the growth stage? This report will introduce you to Tesla and its current operating environment by examining the industry in which it operates via internal and external analysis. The report will tell of how Tesla pioneered technologies that were mostly untapped and unavailable to the masses. By examining the resources and capabilities of the firm, it will better help to delineate the...

Words: 4466 - Pages: 18

Toyota Swot Analysis

...Business Policy Toyota was founded in 1937, Toyota Motor Corporation is a Japanese company that engages in the design, manufacture, assembly, and sale of passenger cars, minivans, commercial vehicles, and related parts and accessories primarily in Japan, North America, Europe, and Asia. Current brands include Toyota, Lexus, Daihatsu and Hino. Toyota Motor Corporation is the leading auto manufacturer and the eighth largest company in the world. As of March 31, 2013, Toyota Motor Corporation’s annual revenue was $213 billion and it employed 333,498 people. Toyota Motor Corporation competes in the automotive industry. The past five years were tumultuous for automobile manufacturers. Skyrocketing fuel prices and growing environmental concerns have shifted consumers' preferences away from fuel-guzzling pickup trucks to smaller, more fuel-efficient cars. Some automakers embraced the change by expanding their small-car portfolios and diversifying into the production of hybrid electric motor vehicles. Other automakers were more reluctant to shift their focus from big to small cars, expecting the price of fuel to contract eventually, bringing consumers back to the big-car fold. When fuel prices did fall during the second half of 2008, it was due to the US financial crisis ripping through the global economy. This had a domino effect throughout the developed and emerging worlds, with many Western nations following the United States into recession. Industry revenue fell about 15.4% in...

Words: 1235 - Pages: 5

Toyota Motor Corporation

...Toyota Motor Corporation Ivan Ruiz DeVry University Toyota Motor Corporation has a long and interesting history behind it. In 1933, Kiichiro Toyoda traveled to the United States. There he visited many car companies that produces automobiles (Toyota Motor Corporation-Company Profile, Information, Business Description, History, Background Information on Toyota Motor Corporation, 2015) there he learned about the production lines on how to build cars. Then shortly upon his return to Japan, he decided that he wanted to establish an automobile establishment with in his father’s factory. In May 1935, he made his very own prototype automobile. At this point and time Japan had very little natural resources, therefore they had every reason to create a highly efficient car. Throughout the years, they did just this and established many research labs in Japan. This all started in 1939 and proceeded to 1940 with the Toyoda Science Research Center and the Toyoda Works. However, Japan became enmeshed with World War II; the attaining of basic material was becoming more and more difficult. Toyoda was making cars with wooden seats, one head light, back brakes only because of the scarce sources available to them. After the war was over Toyoda had about 3,000 employees, but had no operating facilities. Toyota was recognized as one of the most successful true stories of manufacturing history. Because of its growing success after World War II and the company was best known as Toyota......

Words: 1824 - Pages: 8

Toyota Motor Analysis

...changes, people are becoming more environment-conscious and any business that goes contrary to this is frowned at. LEGAL FACTORS : Any business that intends to survive in any environment must act as a law-abiding citizen. It is important for the business to know the regulations and rules required to do business in such an environment so as not to fall out with the law of the land. AUTOMOBILE INDUSTRY ANALYSIS The global automobile industry is dynamic and vast in nature. It comprises mainly of automobile manufacturers and suppliers. Some of the leading automobile companies in the world are discussed below: GENERAL MOTORS General Motors transitioned from an American car manufacturing company,founded in 1903, to the multi national automobile conglomerate it is today. GM,as it is popularly known, has placed itself as a global brand with its design model cars such as the Buick, Cadillac, Chevrolet, GM Daewoo, Hummer, Opel, Pontiac amongst others. It is currently ranked number two after Toyota in the auto industry with a market share of about 13.4%. FORD MOTORS : Founded in 1908 by the great automobile industrialist, Mr Henry Ford, the Ford car company is a global automobile company which deals in two core business: automobile and financial services. Its financial services include leasing, insurance, car rentals and warranties while its automobile unit focuses more on handling design, development, manufacture, sale and service of cars, truck and service......

Words: 3632 - Pages: 15