Budgets and Action Plan - Assignment Example

Honda’s budget for the past five years al affiliation Honda’s budget for the past five years Revenue assumptionsRevenue assumptions as at 31st march each year for the past five years for Honda Corporation. The revenues are given in million yens.(Meyer, 2008)YearRevenue201410,011,241     2013 9,979,174     2012 9,956,867     2011 9,948,095     2010 9,377,947   The corporation almost had constant revenue forecast for the past five years. It had a high revenue forecast in the year 2014 and the lowest revenue forecast in 2010.

The table thus shows a pattern where revenue forecast keeps increasing each year. Expected inflationThe following table shows expected inflation rate for Honda Corporation as at 31st march each year for the past five years.YearExpected inflation rate20142%20132%20121%20111%2010%For the past five years the expected inflation of the Honda corporation has remained almost constant at two and one percent. The expected inflation was expected not to greatly affect the revenues of the corporation. At the inflation rate of one and two percent, the company expected to realize increased revenue.

Projected sales in unitsThe table below shows the projected sales in units for Honda Corporation as at 31st march each year for the last five years. The projected sales are given in billions yen. The projected sales include units such as motorcycle business, automobile business, financial service business power products and other businesses.Motor cycle businessProjected sales in motorcycle business as at 31st march each year in billions yen.YearProjected sales20141789.220131487.620121339.520111348.820101288.1The sales projection was constant but peaked in the year 2014.

The sales projection kept raising from the year 2010 to 2014. Automobile businessProjection sales for automobile business in billions yen as at 31st march each year.YearProjected sales20148108.320137889.320127709.220115805.920106794.0The sales projection was not constant for all the years. It was low in 2011 but peaked in 2014. The sales projection for the automobile business has a rising trend. Financial services businessSales projections in billions yen for financial business as at 31st march each year.

YearProjected sales2014643.22013603.12012567.32011563.12010561.8The sales projection for financial services was relatively constant with its peak in 2014Power products and other businessesSales projections for power products and other business as at 31st march each year in billions yen.YearProjected sales2014298.12013288.12012280.62011277.12010262.6The power products and other businesses had a constant sales projection but experienced the lowest sales projection as compared to the other sales units.

The motorcycle business boasts the highest projected sales to the rest of the sales units.Projected sales in dollar volumeProjected sales in million US dollarsYearProjected sales in dollar volumes2014$1042832013$1039492012$1037172011$1036252010$97686The projected sales have kept increasing for the last five years.ReferencesChestnutt, J., Lau, M., Cheung, G., Kuffner, J., Hodgins, J., & Kanade, T. (2012). Footstep planning for the Honda ASIMO humanoid. In Proceedings - IEEE International Conference on Robotics and Automation (Vol. 2005, pp. 629–634).

http://doi.org/10.1109/ROBOT.2005.1570188Jackson, K. (2013). Honda brings Mugen name top U.S. Automotive News, 81(6228), 20.Meyer, M. H. (2012). Perspective: How Honda innovates. In Journal of Product Innovation Management (Vol. 25, pp. 261–271). http://doi.org/10.1111/j.1540-5885.2008.00299.xRumelt, R. (2014). The many faces of Honda. California Management Review, 38(4), 103–111.Taylor, A. (2013). HONDA. (cover story). Fortune (07385587), 155(6), 26–27.