Friday, December 20, 2019

Toyota s Global Sustainability - 1368 Words

Toyota s Global Sustainability For this Capstone Project, a foreign company (Toyota Motor Corporation) was chosen that trades on the New York Stock Exchange. This paper will outline how Toyota has become one of the world’s leading brands through the fruitful use of its global strategies. As a result, the main focus of this project will be on Toyota s global sustainability. Part One: Overview of Toyota Toyota Motor Corporation, (in short: Toyota) was founded in 1937 in Japan. It is one of the largest automobile manufacturers in the world based in Aichi, Japan. Toyota is also one of the top 20 brands in the world. As of August 2016, Toyota had approximately 350,000 employees all over the world, and in February of the same year, it was†¦show more content†¦Since 2009, Toyota has established itself as the best manufacturer and marketer of hybrid vehicles. In February 2017, the worldwide cumulative sales of Lexus and Toyota hybrid cars reached 10 million, making it the highest selling brand of hybrid vehicles. Toyota’s another top quality hybrid car brand Prius also achieved the milestone of 6.5 million pieces sold globally as of February 2017 (Toyota: Our Company, 2017). The company trades on all the stock exchanges of Japan. In addition, it actively trades on the LSE (London Stock Exchange), and also on the NYSE (New York Stock Exchange). Toyota has more than 220 affiliates and 550 consolidated subsidiaries all over the world. The company also received numerous influential industry awards for its rigorous quality management and production efficiency. Toyota is well-known for its mass production and marketing strategies, targeting almost all the market niches in the global automobile industry. However, in recent years, the company produced more sedans, minivans, and hybrid cars than its other forms of vehicles due to the rising demand of these cars among the customers of the world (#10 Toyota Motor, 2017). Part Two: Outline of the Capstone Portfolio Project As mentioned earlier, this project will mainly emphasize on the global sustainability strategies adopted and used by Toyota. The following sections and subsections will provideShow MoreRelatedCorporate Social Responsibility in Automotive Industry1496 Words   |  6 PagesMagally | Toyota | Anvesh | Tata Motors | Executive Summary Automotive Industry is one of the biggest economic sectors in the world and the impact they have to the communities in their best practices has a huge advantage promoting corporate social responsibility. We looked and discussed various issues of CSR in the report not limited but including: Investing in the Future, Technology Drives Change Electric cars, Materials and Workforce Implications. Global Automotive Industry The global automotiveRead MoreToyota: Analysis of Corporate Responsibility Policy4681 Words   |  19 Pages------------------------------------------------- Toyota Motor Company ------------------------------------------------- Corporate and Managerial Responsibility Engaging in irregularities is severely sanctioned in correspondence with article 34 of the Examination rules. We hereby declare that we have not engaged in any such irregularities. Student(s)’s signature(s) Table of Contents Company description 1 Toyota’s CSR Policy: 2 Direction of Toyota s CSR Activities: 2 Toyota’s EnvironmentalRead MoreVision And Mission Statement : Ford s Vision Statement Essay1732 Words   |  7 PagesCEO in late 2006, Ford changed its strategy and that is reflected in their mission statement: â€Å"One Team. One Plan. One Goal. One Ford.† Each section of mission statement is further explained as follow: â€Å"One Team: People working together as a lean, global enterprise for automotive leadership, as measured by: Customer, Employee, Dealer, Investor, Supplier, Union/Council, and Community Satisfaction One Plan: †¢ Aggressively restructure to operate profitably at the current demand and changing model mix;Read MoreMarketing Management - Toyota2230 Words   |  9 PagesToyota Motors Marketing Plan for Hybrid Vehicles by geographic location (Europe) 1.0 Executive Summary The Toyota Motor Company continues to strive to be the global market leader in the automobile manufacturing industry. Over the years, Toyota has managed to remain the leader of this industry through its management structure, fuel efficient vehicle design and competitive pricing based on global market knowledge. Toyota has realized that environmentally conscious products were needed to ensureRead MoreTheories And Techniques. A. Summarize The Following Theories:869 Words   |  4 PagesTheories and Techniques A. Summarize the following theories: just in time (JIT), Toyota Production System (TPS), and Lean. How are these concepts related? Describe the advantages and disadvantages for using each of these concepts at the company presented in the case study. Just-in-time: Just-in-time is an approach of continuous and forced problem solving through a focus on throughput and reduced inventory. Nissan takes advantage of JIT through reduced inventory levels and relying on a supplyRead MoreA Report On The Automotive Industry2079 Words   |  9 Pagestheir business and adapt to another company to improve efficiency. This technique allows improving processes, reducing costs, increasing productivity and efficiency. Benchmarking process in the automotive industry has its beginnings in early 1970 s when US and European companies saw how the Japanese auto industry had a big advantage over its competitors. Thus, after 1980 Massachusetts Institute of Technology created a team in order to analyse vehicle assembly plants in Japan, with the aim of identifyingRead MoreChapter One Of Esty And Winston’S Research Novel, â€Å"Green1081 Words   |  5 Pagesthe analysis of several businesses and their levels of sustainability, which is defined as the avoidance of the depletion of natural resources. In the past, companies were viewed as simple money-making enterprises; their only purpose was to provide goods and services to the masses. They were held to virtually no responsibilities to the public outside of that goal. In recent year, however, the viewpoint on a company’s duty to both local and global community has immensely shifted. Enterprises, big andRead MoreJapan s Corporate Social Respon sibility989 Words   |  4 Pagesexceed national lines of the country that their headquarter is in this can be known as going â€Å"global,† and a corporation in this situation can be known as a Multinational corporation. This can complicate the ability to manage, due to the diversity of cultures, geographic locations, and many other circumstances that are inherent with these types of corporations. In this occurrence, it is important to have a global mindset. This mindset is simply the ability to appreciate and influence individuals of differentRead MoreNavigating Turbulence : Integrated Hrm And Toyota Motors Corp1490 Words   |  6 PagesIMS 4330.501 Professor Hubert Zydorek 27 February 2017 Mikayla J Garvey Navigating Turbulence: Integrated HRM and Toyota Motors Corp. From the founding of Toyoda Loom Works in the 1920s, to the creation of Toyota Motor Co. in the 1940s, its leaders believed that the key to success was investment in its people (Liker, 2004). The Toyota culture has evolved since the company s founding and is the core competence of the company. It is the reason why operations are lean, cars hit the market on timeRead MoreTechnology and Organizational Structure1744 Words   |  7 Pagesbusiness (Vitez, n.d.). Organizational Structure Overview of Two Company’s Two very successful companies have been identified with different organizational structures; Toyota Motor Corporation and The Watson’s Creative Company. These two companies are on the opposite end of the spectrum in terms of organizational structure. Toyota, a Japanese, multinational corporation, has a centralized matrix organizational structure (the combination of two or more different structures-organic/mechanistic) with

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.