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It is tremendously important that the strategy that is developed is harmonizes with the external environment and complements the external environment. Toyota Corolla in Australia has been the top preferred brand for consumers since 2003-2004. They have regained market share and become the first in the automobile market. The situational analysis reveals that car has been the preferred brand among consumers in the age of 18 to 30. However, some of the newer models of the brand have had some negative reviews relating to the quality of the product. This can work in a bad way for the organization in the long run; Toyota Corolla is based on its branding and banks on its positive reviews and any negative publicity can harm the brand in the long run. The company should focus on hybrid models of Corolla so that they increase their share in their environmental friendly products. They should make sure that they focus on delivering their brand promise in all aspects, otherwise they will lose market share. Introduction: Organizations competing on the global front are faced with multitude of challenges in every aspect of their business. The management is expected to take sound tactical decisions that help them flourish on the regional front, complementing the global strategy as well. This defines an intricate web of decision making, flowing through layers of organizational authority. However, multinationals have now made their regional divisions more autonomous towards tactical decision making to eliminate the factor of time as competition is now based on timely provision of quality rather than just quality itself. On a regional front, tactical strategy can be best gauged by performing a comprehensive situational analysis of the organization. This includes a complete SWOT analysis, so that the strengths, weaknesses, opportunities and threats are all marked and understood. Strategic options can then be developed using these internal and external factors to fight in the market for the bigger share. The organization that has been chosen for the comprehensive SWOT analysis is Toyota, Australia. It is part of the bigger corporation and enjoys a big market share in the Australian market. The product that will be focused on, within their portfolio, is the Corolla. The report starts with the introduction of the organization and a brief history, outlining the major strengths and weaknesses after that. Continuing with the opportunities and threats, a comprehensive situational analysis is performed, marking strategic options for the company to follow through in the future. The conclusion provides the best strategy in the opinion of the writer out of all the possible options. Company Overview & History: The company under scrutiny is Toyota Australia, which is a subsidiary of Toyota Corporation, Japan. Toyota Motor Corporation Australia is a marketing organization for Toyota products; it also the responsible organization to provide Lexus in the Australian markets. The company today is being led by the visionary Max Yasuda; under his leadership, the organization has flourished through the tough times as the automobile industry fell prey to the recessionary economic cycle. The company was established in 1958; the establishment was as an importer when Toyota Land Cruisers were imported into Australia. There was no turning back after that, assembly of motor vehicles in the country started in about 1963. After that, a production plant was set up in Victoria and since then the organization
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Sony Corporation is one of the multibillion firms based in Tokyo, Japan. The company is one of the leading world’s electronic firms that deal with electronics, videos, video games consoles, and communications and information equipments for both the customer and professional markets.
urces to achieve competitive advantage. As the consumer demands are ever changing, this industry has also constantly evolved over the years. Emergence of new entrants and constant innovation by the existing firms in this industry has induced tough competition (Ahmed 35-50).
According to Blythe (2006), marketing can be defined as a management process by which organizations are able to identify, anticipate and supply the end users requirements more effectively as well as profitably. According to his point of view, marketing is a combination of planning and executing the concepts of pricing, promotion and also distribution of ideas as well as the services to satisfy the objective of both individual as well as organization.(Blythe, 2006, p.5).
He states that the purpose of marketing is planning, producing, pricing, promoting and in the end delivering the right product to the consumers.
The market managers are susceptible to more competition due to globalization and therefore they have managed a wide array of problems which were not part of their job, prior to globalization.
The aim would be to provide a number of relevant insights for export managers seeking to explore the economies of the cyber space for their export marketing activities. At times the so called digitalization of these export marketing tasks means that new forms of marketing activity will be brought about in the marketing channel along with new forms of activity specialization amongst the business actors.
nd benevolence, however widespred, does not supply sufficient inducement for individuls to use their own lbor nd property in generting output, especilly when there is no gurntee of reciprocl benevolence. It is insted the desire for personl gin, the promise of profit, tht motivtes orgniztions to initite productive ctivity.
Brownlie and Saren (1992) attest to the veracity of the aforementioned in their contention that scholars have "challenged the marketing concept" (34) and that others have effectively declared its demise. The scope of the existent body of literature on marketing, the wide range of academic and trade journals devoted to an exploration of the marketing concept and strategies, and the countless volumes of pages published each year on the topic, effectively disprove the latter statement, the fact is that the rapidity of the evolutionary process experienced within the field of marketing and by the marketing concept itself, have furnished fertile grounds for a conceptual and ideological debate.
Today, successful international marketing research is the basic source of information for businesses that want to craft effective product promotion strategies and timely respond to global market changes. This information provides the critical basis for
Ryanair managed to acquire this position by critically analyzing the overall situation and then transforming itself into a low fare airline this idea was executed with the help of different marketing strategies (ELEANOR O’HIGGINS, 2010: