Nobody downloaded yet

Business strategies - Essay Example

Comments (0) Cite this document
Analysis of and Evaluation of Business Strategies Table of Contents Task (a): Diversification Strategy of Toyota 3 Task (b) Market Development Strategy of Toyota 7 Task (c): SWOT/TOWS Matrix of Toyota 13 References 15 Task (a): Diversification Strategy of Toyota Toyota is regarded as one of the biggest vehicle manufacturers in Japan that covers greater than 40% of market share…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER94.9% of users find it useful
Business strategies
Read TextPreview

Extract of sample "Business strategies"

Download file to see previous pages The aspect of employing diversification strategy is viewed as one of the effective as well as proficient business tactics, which assists the organisations to grow considerably in future. The word ‘diversification’ is typically linked with a specific transformation especially in the features relating with the aspect of product line or the business market of a business organisation. The major objective of implementing the facet of diversification strategy is to introduce new product in the business market along with attaining significant market share (Ansoff, n.d.). As a matter of fact, Toyota is always recognised as an innovative business organisation especially in the automobile industry. The aspect of innovation has been observed in the production system of the organisation along with the cost factor while taking the quality of its valuable products into greater heights. In this context, the main strategic reasons of Toyota in order to choose the aspect of diversification strategy include effectively complying with the business market demands and maintaining the technology in relation to environment friendly aspect which is constantly becoming a core principle of its several products. Furthermore, the other significant reasons behind Toyota pursuing the idea of diversification strategy broadly include viewing a better opportunity for synergy, increased rate of market competition in automobile industry and ultimately expanding its production facilities around the business world (Scribd Inc., 2012). Additionally, the different reasons behind Toyota pursuing the diversification strategy across its broad business operating regions can greatly be understood by focusing upon the targets that are made individually towards its the employees, business partners, shareholders, local community or global society and ultimately the customers. From the viewpoint of the staff, Toyota mainly prioritises diversification strategy in order to generate safer as well as healthy working situation that would ultimately assist the organisation to make successful and effective growth in future. In terms of the business partners, Toyota strives for executing diversification strategy with the intention of establishing along with developing advantageous business relationship especially with the distributors or dealers and the suppliers. From the outlook of the shareholders, Toyota believes that the adequate execution of diversification strategy might ensure sustainable growth along with making strong and stable base for making business. With regard to the global society and local communities, Toyota realises the necessity of diversification strategy in order to respect the business culture along with the customs belonging to every country and contributing towards communal development. Moreover, with the intention of minimising congestion along with traffic accidents, the organisation i.e. Toyota deeply focuses upon the execution of diversification strategies in relation to the global society or local community. Finally, from the perspective of the ultimate customers, Toyota seeks for delivering reliable and safe ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
(“Business strategies Essay Example | Topics and Well Written Essays - 2750 words”, n.d.)
Retrieved from
(Business Strategies Essay Example | Topics and Well Written Essays - 2750 Words)
“Business Strategies Essay Example | Topics and Well Written Essays - 2750 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business strategies

Developing International Business Strategies

...Developing International Business Strategies Introduction For any entrepreneurial venture, the most vital factor is to put together a formal business plan for various reasons. First of all it gives direction and structure to the thinking process, ensures that all the important areas have been covered, and prompts the entrepreneur to consider all future implications. Most importantly, a business plan serves as an essential document since it helps the businessperson communicate their idea, not only to financers, but also to potential suppliers, employees, and customers. A more successful venture could be developed by making use of the insights from these stakeholders. A...
10 Pages(2500 words)Assignment

Business strategies

...?Business Strategies Table of Contents A Brief Overview of the Case The perception of a business strategy is fundamentally described as an action plan which is designed to accomplish predetermined set of business objectives. One of the core functions of the management team of any organisation is to develop a successful business strategy. The management team of the organisations should implement business strategies in an effective manner for the purpose of improving their productivity as well as for achieving superior competitive position over the chief business market...
5 Pages(1250 words)Assignment

Financing: Long Term and Short Term

10 Pages(2500 words)Essay

Business Strategies

...Business Strategies Business strategies are the s of action adopted by a firm for each of its business separately to serve identified customer groups and provide value to the customer groups and provide value to the customer by a satisfaction of their needs. In the process the firm uses its competencies to gain sustain and enhance its strategic or competitive advantage. The source of competitive advantage for any business operating in an industry arises from the skillful use of its core competences. A combination of organizational behavior and resources ultimately leads to the development of capabilities that a firm used to build...
10 Pages(2500 words)Essay

International business strategies

...International Business Strategies: The dominant perspective in the literature is that the environment is faceless, with the firm relating itself to this whole. In addition, the firm is regarded as a distinct, clearly defined unit. Its boundaries are seldom questioned or considered problematical (Axelsson, 1992). Critically evaluate this statement in relation to the different forms of international/global alliances which exist within and across industries or organisations with which you are familiar, or which you may have studied. The above quote is a very provocative statement and, what’s more - specifically in today’s dynamic and global business environment - palpably false. Either...
12 Pages(3000 words)Essay

Business Strategies of PriceWaterhouseCoopers

...Business Strategy Table of Contents Business Strategy Table of Contents 2 I. Current Situation: 4 A. Current Performance and Position in the Market  4 B. Strategic Posture:  4 1. Mission & Vision 4 2. Objectives  5 3. Strategies 5 4. Policies 6 II. Strategic Managers:  6 A. Board of Directors & Top Management  6 III. External Environment:  7 A. Natural Environment  7 B. Social Environment:  7 1. Economics  7 2. Technological  8 3. Political-legal  8 4. Socio-cultural  9 C. Task Environment  9 IV. Internal Environment:  10 A. Corporate Structure  10 B. Corporate Culture  10 C. Corporate Resources:  11 1. Marketing  11 2....
15 Pages(3750 words)Term Paper

Business strategies

...Please do not write about SABMiller and Avon, McDonalds and Subway, Wal-Mart and Starbucks, Coca Cola and sony, Dell Part Please write a small answer getting straight to the point. write it in discussion format Through reading of the business press, identify a firm implementing the global strategy and one implementing the multidomestic strategy. What organizational structure is being used in each firm?  Are these structures allowing each firm’s strategy to be implemented successfully? Why or why not?  Please be specific. Also, please attach a link to the article(s) that you referenced in your research. Answer: A successful global firm is Louis Vuitton Moet Hennessy...
1 Pages(250 words)Essay

International Business Strategies

...International Business Strategies Table of Contents Table of Contents 2 Research background 3 Research Aims 4 Research Objectives 5 Literature Review5 Research Methods 7 Research Approach 7 Research Limitations 8 Ethical Considerations 8 Reference List 10 Research background The impact of globalisation within the economy has emerged and has been contributed towards by the internationalisation of corporations with the development of new markets. International businesses have been essentially the province that was held by organizations which had a significant amount of reach and scale. Such companies were essentially large business houses or multinational...
9 Pages(2250 words)Research Proposal

Applying E-Business Strategies

...strategies to increase revenue The best type of business that fits Broadway café is the advertising e-business that will be executed through a number of strategies including the use social blogs (Canzer 97). A website is one of the way that the café will receive feedback on their services, which facilitate the improvement of services towards customer satisfaction through an effective customer service. Once customers are satisfied, the café will increase sales as they keep on coming back for more increasing the café’s revenue. The social platforms form one of the major marketing strategies that the café can use to showcase its products and services and...
2 Pages(500 words)Essay

Small Business Strategies

... Small Business Strategies Starting a food truck business is tough, but growing and maintaining a businessis even more difficult. A food truck business requires an individual to invest time in the business adequately, hire or fire being guided by particular purpose, design values, and mission, boost their marketing and more importantly focus on the target customers (Weber 124). A food truck is mostly a vehicle that is equipped to cook and sell food. There are various food elements that are sold in truck food including prepackaged foods, hamburgers, ice creams, sandwiches, among other fast foods (Weber 134). In recent years, truck foods have tremendously grown. This tremendous resurgence had been fueled various factors including... ...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Business strategies for FREE!

Contact Us