When speaking about long-term plans, that is, plans which have an applicability of about 5 years, Toyota Motor Company tries to consider new opportunities such as to expand the international division, to diversify its product line, to constantly improve their technology and to become a friendly environmental company. Moreover, when designing these long-term projects the company focuses also on the competitors and try to keep itself on top of them or, at least, to keep the level as high as today.
Toyota Motor Company constantly seeks to find new available markets, where it could enter and sell its products or where it could build a factory (this way reducing transportation costs and import taxes). "Toyota (NYSE:TM) established operations in North America in 1957 and will operate 15 manufacturing plants in North America by 2010" Moreover, the company is constantly entering new markets such as Australia and Eastern Europe.
When it comes to competitors, Toyota should not worry that much, but should find a way to keep up the good work and maintain its place at the top. "Toyota has become the fourth-largest automaker in North America." When speaking about sales this is what their report says:"July 3, 2007 - Torrance, CA - Toyota Motor Sales (TMS), U.S.A., Inc., today reported all-time best-ever first-half year sales of 1,331,074. June sales of 245,739, an increase of 6.1% over last June, contributed to a record-setting second quarter, with sales of 725,219 units"
Trying to sum up, it seems like Toyota's Strategic Plans are quite similar in essence no matter if we refer to short-term project implementation or long-term investments: The Company strives to offer better products, lower costs, environmental friendly industries, and to sustain the communities which "welcomed" the company among them.
Bibliography
Toyota Motor Sales, U.S.A, 2006-2007,accessed at July...
Strategic Plan for General Motors Upper Mid Sedan Vehicle Segment Mission Statement To maintain and consolidate the status of the company as the number one auto manufacturer in the U.S. By employing the core values of continuous improvement, innovation and integrity and teamwork. To foster consumer enthusiasm and also enhance the team by giving them individual respect and responsibility. External Environment Remote Environment Economic: Currently the U.S. economy is experiencing a slowdown. The buying power
Toyota Strategic Management For decades, Toyota has been one of the most admired companies in the world. They were able to turn their image in the 1960's and 70's from cheap Japanese import to the car of choice for millions of consumers worldwide. Toyota's strategy has varied significantly over the years. The company began by primarily imitating many of its competitor's designs and even used some of its components. Much of
Analysis of Toyota Opportunities and Threats Toyota is the world's leading patent holder in hybrid vehicle technologies, having over 85% of all patents registered in the U.S. Patent Office, in addition to holding over forty different patents in other registries throughout Europe and Asia. This is a formidable platform for growth in this high-growth emerging line of business. Hybrid technologies can reduce carbon emissions by over 60% in the latest engine
Toyota Motors are the leaders of the world automobile industry and is a multinational company with production facilities across the world. The present CEO is Mr. Fujio Cho and the company was ranked fourth by Forbes in 2002. Toyota Motors is a great colossus employing 246 thousand employees the world over. (Forbes.com, 2010) The company has its own system of management that is claimed to be the best and is
12. It has not been implemented in a wide enough spectrum to really gain the attention of parents on a national level. 13. Marketing towards one single brand image sometimes limits a company's capability to market its diversified product line. 14. Targeting previous customers through follow up ay waster valuable resources. T h r e a t s 1. Utilize the global Toyota presence to keep financial budgets and cash flows under control. 2. If
TOYOTA'S PRIUS With the increased level of awareness of the environment, automotive car manufacturers vie on the viability of selling environmentally hybrid cars. Leading this group are Honda and Toyota. The following is a market analysis of the position of Toyota's Prius. It analyzes the following factors: Situation of the firm in the market The industry of hybrid cars The strategy adopted by Prius and how it is faring in the market The barriers of
Our semester plans gives you unlimited, unrestricted access to our entire library of resources —writing tools, guides, example essays, tutorials, class notes, and more.
Get Started Now