Any bisiness artical that has been new nd happened for the last few months - Essay Example

All factors of production in the business, may it be, labor, capital, raw materials or enterprise works towards achieving a common goal that is set for the company, and all activities carried out within the business are supposed to lead the company towards achieving its ultimate goal (Nolan, pp.148-152). Businesses additionally are run in a systematic manner, involve various processes, and have a number of rules and regulations that must be followed by those involved in it. One can observe additionally a number of departments in every business that manages various activities, such as the marketing department, finance department, promotion and advertising department, customer care department, etc (Nolan, pp. 20-39). A number of external and internal factors, which may include inflation rates, interest rates, and the exchange rate of a country’s currency can also influence every business and various skills are required in order to run a business smoothly and successfully along with achieving its objectives.

Recently, due to the earthquake in Japan, which was followed by a tsunami, many changes have occurred in a number of businesses in the country. In an article by Alex Taylor (2011), found on the CNN website, the author (Taylor, 2011) talks about how Japan’s auto making industry is down but not out. He states that the two natural disasters that recently occurred will surely cause various shortages in the industry, but as noted before, Japanese automakers have the power to find their way out of catastrophes successfully.

The author (Taylor, 2011) further states in his article that a Toyota representative had reported that no deaths or injuries have been under notice in the Toyota parts plants and subsidiaries, but the plants have surely suffered damage. According to Alex (Taylor, 2011), Toyota plans to keep its 12 main assembly plants in the country closed until Tuesday and the company’s representative stated that this might cause Toyota to lose 95,000 units of cars that could have been under production. Due to this, Toyota reduced acceleration of the process of production in North America in order to conserve parts (Gholz, pp. 26-30). Japan’s auto making industry (Shimokawa, pp. 56-64) is currently trying to recover and resist from coming to an end, while people in the country are busy burying the dead, rescuing and curing the living citizens and dealing with the aftermath of the great disaster.

Korea’s Tong Yang Securities states that production in the industry will surely not be able to come back to normal very soon, even though security analysts are quite busy doing their job and evaluating the results of the major catastrophe. Statistics (Taylor, 2011) included in the report show that in six months after the earthquake that occurred in January 1995, “shares of Toyota, Honda, and Nissan dropped by 22%, 35%, and 40% respectively” (Taylor, 2011), and it took the companies around one month above a year to recover from the massive destruction and loss caused by the earthquake.

At that time, Honda and Mazda, both halted the production of their vehicles and parts for the rest of the week after the disaster, and there was a loss of production of about 36,700 vehicles a day (Taylor, 2011) globally. The author of the article (Taylor, 2011) fu