Nobody downloaded yet

BUSN300 Unit 5 IP - Research Paper Example

Comments (0) Cite this document
Summary
Name: Lecturer: Course Name: Course code: Date: Analyzing Toyota Company Toyota Motor Corporation (TMC) is an international corporation with its headquarters in Japan and founded by Kiichiro in 1937. It has several groups of companies which include: Lexus, Toyota, Hino and Daihatsu motors…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
BUSN300 Unit 5 IP
Read TextPreview

Extract of sample "BUSN300 Unit 5 IP"

Download file to see previous pages It has factories that spread over six continents dealing with the production of automobiles Toyota Business Environment Every organization, regardless of the business they are doing, is exposed to a lot of factors that has an effect on the performance of a company and also the strategies and decision making of an organization. It is therefore important for companies to be informed about these factors since they can have an influence on the plans and strategies of a company Challenges faced by Toyota Motor Corporation Toyota Motor Corporation being an international company faces a lot of legal and business challenges that have affected the strategies, plans and decisions of the organization and also the entire automobile industry. Some of the challenges include: The products of Toyota company are found everywhere in the world and the company supplies its automobiles to various countries globally. Competition is none of the greatest challenge the company has to deal with since the company is operating in a competitive environment. Factors like the features and quality of the product, research and development time, safety, reliability, pricing, customer service, pricing terms and fuel economy. The company has been offering world class products which have made it to be a leader in the market and its products are facing steep competition. Nevertheless, the company has been leading on the market which led to the company being awarded as the number one company in sales of automobiles. The company was affected by the economic crisis that was experienced in 2008 in the US. Since the company is the leading manufacturer of the automobile, its turnover of over $17 billion was shaken due to this economic downturn. This was attributed to the fall of consumer spending that affected many households. The company was able to survive the economic turmoil since it had other services like biotechnology and other financial services. Furthermore, the company had to let off some temporary workers and also had to reduce car production of automobiles Toyota Company had to recall over 14 million Lexus and CamrySolara models of vehicles which had an acceleration problem. This problem was traced to the vehicle accelerating itself while driving at a low speed. This has increased the number of accidents that have been experienced all over the world. The company was forced to respond to questions that were asked by the customers about the quality of the products. Despite the challenges faced by the company, the management of the company has focused their attention on solving problems and service delivery to the customers. The company had to use the SWOT analysis so as to understand the business Strengths The company has a global production plant in six continents. The company has the capacity to produce the best services as compared to other competitors. The greatest strength of the company is the manufacturing of quality products to the customers. Though some people are not be in a position to buy the automobiles of the company, the company still has a growth in its sale due to the production of quality and reliable products. This allows the company to serve both private and commercial organizations therefore dominating in all sectors f the market Weaknesses The company is only focusing on big economies and forgets emerging economies. Opportunities Presence of new technology has facilitated the company in producing Eco-friendly automobiles. The ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“BUSN300 Unit 5 IP Research Paper Example | Topics and Well Written Essays - 1000 words”, n.d.)
BUSN300 Unit 5 IP Research Paper Example | Topics and Well Written Essays - 1000 words. Retrieved from https://studentshare.org/business/1470699-busn300-unit-5-ip
(BUSN300 Unit 5 IP Research Paper Example | Topics and Well Written Essays - 1000 Words)
BUSN300 Unit 5 IP Research Paper Example | Topics and Well Written Essays - 1000 Words. https://studentshare.org/business/1470699-busn300-unit-5-ip.
“BUSN300 Unit 5 IP Research Paper Example | Topics and Well Written Essays - 1000 Words”, n.d. https://studentshare.org/business/1470699-busn300-unit-5-ip.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF BUSN300 Unit 5 IP

FIN unit 5 IP

...?Running head: FOREIGN DOMESTIC INVESTMENT 8th November Vernon’s product life-cycle theory of FDI was developed by Raymond Vernon. According to the theory, a firm starts by exporting its products after which it emulates foreign direct investment. The theory maintains that when a new product is introduced by an organization, it is intended to be produced at the home in order to place it close to the consumers. As the production of the products continues due to the high demand at home, they become mature and the firm starts to export to other countries where the demand for the products is high. By establishing production facilities in other countries especially where the cost of production is low, the firm starts to import its... head: FOREIGN...
4 Pages(1000 words)Essay

UNIT 5-IP

...on experiences may help you decrease the bad judgments. Live and learn, Good judgment comes from bad experience, and often experience comes from bad judgment. Do not, however, let this deter you from making decisions. People may be on different paths, different cycles in life, but it is important to make a decision and these could be I will or I will not. Action is important! REFERENCES Horning, J. (ND). Quotation Details. http://www.quotationspage.com/quote/820.html Retrieved from the website 2/4/07 3:12 pm LePatner, B. (ND). Quotation Details. http://www.quotationspage.com/quote/989.html Retrieved from the website 2/4/07 3:33 pm http://www.laputan.org/catfish/archives/000018.html Posted by foote December...
2 Pages(500 words)Essay

IP 5

...Phase 5 Individual Project Part IV: Sales Tax Sales tax on the purchase of a vehicle is calculated on the net purchase price, which is the total purchase price minus the amount allowed by a dealer for a trade-in. For residents in Denver, Colorado purchasing a new vehicle, their tax rates are as follows: 1. Colorado State Tax: 2.90% 2. Regional Transportation District (RTD) tax: 1.20% 3. Denver City Tax: 3.62% Using the information above, answer the following: 1. What is the total sales tax to be paid in 2012 on the purchase of a 2012 passenger vehicle with a selling price of $17,000 and a $2,000 trade-in allowance? Total Sales Tax Rate = 2.90% + 1.20% + 3.62% = 7.72% Net Purchase Price = Total Purchase Price – Trade-in...
3 Pages(750 words)Essay

Analysis Tools Unit 5 IP

...a need for discounted housing for college students who opted not to live on the college campuses, and provided an ample solution by the formation of the non-profit. “During the academic year Educational Housing Services rents 60 percent of its units directly to schools under contract (40 percent in the summer). The remainders of the beds are rented to students directly” (Dolnick, 2012). His idea proved he possessed entrepreunuerial merit; however, he and his staff could have landed a prison sentence for his variance. Scott’s salary of ‘$1.4 million in 2007 and $718,382 in 2010’ apparently was not profitable to him (Dolnick, 2012). Scott was charged with ‘siphoning millions of dollars from Educational Housing Services...
2 Pages(500 words)Research Paper

Analysis Tools Unit 5 IP

...StatCrunch Assignment 2 First save this file to your computer. Answer each of the following questions, then resave the file along with your answers and turn it in using the assignment link in Module 3, Activity 4. the first four problems are worth 10 points each. Problems 5 and 6 are worth 30 points each. 1. If the original sample is 48, 55, 43, 61, 39, which of the following would not be a possible bootstrap sample? Explain why it wouldn’t be. a) 48, 55, 43, 61, 39 b) 43, 39, 56, 43, 61 c) 55, 48, 55, 48, 61 d) 39, 39, 39, 39, 39 Answer A. Because the philosophy of bootstrap is to replace the original population by the empirical population. The population in A is the same as the original. 2. The following bootstrap...
2 Pages(500 words)Research Paper

BUSN300 Unit 1IP

...Global Warming: Fact or Fiction Global Warming: Fact or Fiction There is much debate on whether global warming is a serious issue that is threatening the survival of our planet or a work of fiction that has no potent effect on natural life. Arguments of both the sides will be analyzed in this paper in order to better understand this debate on global warming. What is Global Warming? Global warming is a name given to the phenomenon of increasing temperature of our atmosphere. The average temperature of the planet has been increasing since 20th century and this is why the term global warming is used to explain the phenomenon. This rise in temperature is due to the emission of harmful gases by human beings especially carbon dioxide... Warming:...
3 Pages(750 words)Research Paper

BUSN300 UNIT 2 IP

...BUSN300 UNIT 2 IP BUSN300 UNIT 2 IP The chamber of commerce is a kind of business network formed by organizing owners of businesses into membership of local societies with a goal of taking their interests further (Frum, 2000). A board of directors is elected to set policies and hire staff and a president to operate and manage the organization respectively. A country’s gross domestic product (GDP) is an indicator of its economic health, representing the total dollar worth of all services and goods produced in a specified period of time, usually expressed in comparison to the preceding period (Frum, 2000). This paper will highlight the...
3 Pages(750 words)Research Paper

BUSN300 UNIT 5DB

...). The primary role of PERT is to identify the critical path that a project takes from planning to completion. It lays down the activities that need to be done in the entire project period giving the timelines to be used in implementing a series of activities performed either sequentially or parallel with other activities. A simple example of a PERT chart is shown below; In the flow chart, the initial stage of project implementation must start from step 1 before it proceeds to step 2. Some part of the project can directly go straight to step 5 from step 2 so long as at this stage it is independent. A part of the project can go through step 3, on the diagram, before finalizing at step 5. Still, some task...
1 Pages(250 words)Research Paper

SCIE UNIT 5 IP

...Oil and Pollution Act (OPA) of Affiliation Oil and Pollution Act (OPA) Oil and Pollution Act or OPA came became operational in August 1990 following an increased outcry by the public over the Exxon Valdez incident. OPA was passed as a tool to help improve the nation’s capability to avoid and further respond to oil spills. This is accomplished through establishment of provisions that work to broaden the federal government ability while t the same time offer financial support and any other resources required to respond to spills. OPA on the other hand established the national Oil Spill Liability Trust Fund that offers close to one million dollars every time there is a spill (US Environmental Protection Agency). The OPA law... and Pollution...
2 Pages(500 words)Research Paper

Strategic Management Unit 5 IP

...different time frame. The below Gantt chart will show different strategic objectives. It shows that in the first year company would go for the proper identification, research about the market. Business set will take place. Business needs profitability (Navarro, 2006). Company will go for marginal profitability. Company would take priority about the marketing also in the first year. After the five years company must go for innovation in their products. Company should continue with their different marketing strategies. Company must go for profitability. After ten years profitability’s, marketing, innovation and expanding are going to be the main strategic objectives. years 1 5 10 Identification of the new...
6 Pages(1500 words)Assignment
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 Research Paper on topic BUSN300 Unit 5 IP for FREE!

Contact Us