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.
Nobody downloaded yet

Strategic Management: External Analysis a Toyota Case - Admission/Application Essay Example

Comments (0) Cite this document
Summary
The Toyota Motor Corporation or simply Toyota is a multinational automaker headquartered at Toyota in Japan. This paper will explore the firm’s major external threats and opportunities and how the company is addressing those elements…
Download full paperFile format: .doc, available for editing
Polish This Essay91.8% of users find it useful
Strategic Management: External Analysis a Toyota Case
Read TextPreview

Extract of sample
"Strategic Management: External Analysis a Toyota Case"

Download file to see previous pages Both the chairman and the president address several opportunities for the company in their introductory message. Both of them are of the belief that the company’s social responsibility programs would raise potential market opportunities for the company. The President Toyoda points out that in an attempt to mitigate the impacts of the Great East Japan Earthquake, the Toyota’s support teams analyzed the situation and immediately responded to the recovery issues of affected communities. He adds that the company gave first priority to preservation and restoration of communities rather than restarting the production (President’s message, 2011). Cho believes that the firm’s powerful and potential workplace may provide it a series of opportunities. Similarly, both Cho and Toyoda strongly argue that the company possesses a potential group of stakeholders and this situation is identified to be one of the most promising opportunities for the firm. To justify this argument, they point that their stakeholders kept shares with the company even when the organization confronted with a difficult business environment as a result of global financial crisis and the 2011 earthquake. As mentioned in investopedia, an average person cannot start manufacturing automobiles as it needs huge investments (The industry handbook). Therefore, Toyota is relieved from the threat of new entrants to a great extent. In addition, Toyota generally buy majority of their products from more than one supplier. When the company decides to switch its supplier, it can cause dreadful impacts on the existing suppliers. Therefore, weaker supplier power also creates a favorable business environment for the Toyota. On the other hand, increasing concerns about environment, pose potential challenges to the company’s strategic planning.


Two Major Threats
Firstly, availability of close substitutes is seemed to be the major threat to the automobile industry. Nowadays, increasing costs of maintaining a vehicle may persuade people to seek alternative transportation including bus, train, or airplane. Presently, automakers really strive to survive market competition, which threatens their long term sustainability. Although, auto industry has ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic Management: External Analysis a Toyota Case Admission/Application Essay”, n.d.)
Retrieved from https://studentshare.org/management/1433367-strategic-management-external-analysis
(Strategic Management: External Analysis a Toyota Case Admission/Application Essay)
https://studentshare.org/management/1433367-strategic-management-external-analysis.
“Strategic Management: External Analysis a Toyota Case Admission/Application Essay”, n.d. https://studentshare.org/management/1433367-strategic-management-external-analysis.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document
CHECK THESE SAMPLES - THEY ALSO FIT YOUR TOPIC
Toyota: A Visionary Company
From the reviews and discussion over the financial statements and reports of the company, one finds that Toyota has been hiding information from stockholders in their trial to increase the bottom line. The company that Toyota wants to be or who they are currently is not symptomatic of the way they treat their employees in some plants.
3 Pages(750 words)Admission/Application Essay
Strategic Management: Internal Analysis and SWOT
Toyota’s top management is always in touch with the workplace by observing day to day operations and suggesting appropriate changes with intent to create a share understanding within the workplace. The increasing profitability seems to be another potential strength of the organization, because it creates a range of opportunities for the company in the world market.
4 Pages(1000 words)Admission/Application Essay
Strategic Management: Strategic Choices of Toyota
Their first car models were sold back in 1936, priced about 400 yen cheaper than Ford models. This from the very beginning, there was an emphasis on quality, low price and innovative techniques. These very principles plus customer convenience and ergonomic design form the backbone of production in the Toyota plants all the world over.
4 Pages(1000 words)Admission/Application Essay
Strategic Management: Strategy Implementation
This resulted to the argument that they should restructure the management in order for all those involved to benefit. The technology which is referred to as the new JIT (Just in Time) is regarded by many as one that would require a lot of capital in order to effectively install and maintain it as the company was initially used to the old technologies that were less demanding and did not require expertise (Johnson et al, 2008).
4 Pages(1000 words)Admission/Application Essay
Strategic Management: External Analysis
Its primary markets include Japan, Europe, Asia, and North America. The company uses on-site as well as hands-on experience or what is commonly referred in the company as genchi genbutsu philosophies. The automotive industry has increasingly become competitive as several vehicle manufacturers enter the market; the industry has also faced several other challenges including the economic and financial conditions that have virtually affected all industries in the global market.
3 Pages(750 words)Essay
External and Internal Environmental Analysis for Wolff Urban Development, LLC
Wolff urban development, LLC is a private leading real estate company which is involved in constructing real estate projects as well as utilizing investment opportunities. Its head quarter is located in Los Angeles. Wolff Urban Development LLC has a wide range of portfolio.
6 Pages(1500 words)Admission/Application Essay
Strategic Management: External Analysis
As such, this paper has been designed to carry out an external analysis of the Training and Doctrine Command (TRADOC). The paper will mainly focus on evaluating the threats and opportunities and their
2 Pages(500 words)Essay
Strategic management
An alliance describes a voluntary association which promotes the common interests of the members. Hence, strategic alliance refers to a voluntary form of grouping where firms come together for a common objective within a
12 Pages(3000 words)Admission/Application Essay
Case analysis
It is mostly described as the process through which coordination and collection of activities in a business organization are undertaken in order to ensure the achievement of the business organization’s collective and
7 Pages(1750 words)Admission/Application Essay
Strategic management
The increase in passenger unit revenues had been 2.6% to 14.18 cents. Moreover, the unit costs, without including special items and fuel, had increased to 2.7% or 9.09 cents (Flightglobal). These extraordinary results have emerged from
3 Pages(750 words)Admission/Application Essay
Let us find you another Admission/Application Essay on topic Strategic Management: External Analysis a Toyota Case for FREE!
Contact us:
+16312120006
Contact Us Now
FREE Mobile Apps:
  • About StudentShare
  • Testimonials
  • FAQ
  • Blog
  • Free Essays
  • New Essays
  • Essays
  • The Newest Essay Topics
  • Index samples by all dates
Join us:
Contact Us