...VeRonica Brandon September 9, 2012 IE 579 Federal & State Training Programs The Toyota Corporation The Toyota Corporation is planning to build a $180 million plant in North Mississippi or in Mexico. The plant will be located on 1,700 acres along U.S. 78, about 80 miles southeast of Memphis and 12 miles west of Tupelo. They have been working on deciding this since 2004 and this would be a big change for Northeast Mississippi by creating jobs. It compares to DeSoto County's 7.9 percent jobless rate, third-lowest in the state. Toyota would be pushing workers to meet its goals and the company has said it would create 2,000 jobs at the Blue Springs plant. Toyota announced in February 2007 they were deciding if they will build the plant in Mississippi or in Mexico. Toyota operates nine U.S. plants and it would build the hybrid Prius as gasoline prices soared during 2008. The company also had mentioned building the Highlander SUV at the plant. The new plant, to be located just outside of Tupelo, it will have the capacity to build 150,000 vehicles annually and Toyota's popular Highlander sport utility vehicle. The new plant will represent a $1.3 billion investment by Toyota and is expected to create approximately 2,000 new jobs for the region and indirectly create work for many more. Operations at the plant will include stamping, body weld, plastics, paint, and assembly. If Tupelo, Mississippi is chosen residents...
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...Toyota Company Name University Affiliation History and back ground of Toyota Motor Corporation Toyota Motor Corporation is a Japanese automobile company that came into existence in 1937. This company was established mainly to manufacture automobile after the founder had traveled to Europe and the US to investigate how to manufacture gasoline powered engine (Kalb, 2012). The company came into existence because there was a need to develop a local automobile by Japan since the government needed domestic automobile production units because it had war with China (Meyer, 2015). The company produced its first engine known as Type A engine which was used in its first models of passenger and truck vehicles. In 1950, a separate Toyota Motor sales company was established to deal mainly with the marketing of the Toyota car products. This separate company lasted until 1982. In the 1950s, the Toyopet dealer chain has established a chain which specialized in the production of Toyopet Model SA; by 1957, Toyota Company managed to start exporting its car products to other parts of the world such as Australia, United States, and Europe (Kalb, 2012). In 1982, Toyota Motors Company and Toyota Motor Sales merged forming one company known as Toyota Motor Corporation. The company started establishing new brands of vehicles that surpassed the brands of the competitors (Kalb, 2012). In the 1990s towards the new century, the company started to branch out by adding many larger and luxurious vehicles...
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...The Toyota Motor Corporation can trace its roots back to the textile industry of the late 19th and early 20th centuries. In 1890, Sakichi Toyoda invented the wooden Toyoda handloom then the Toyoda automatic loom, which would revolutionize the textile industry (Toyota-Global.com, 2013). Four years later in 1929 he sold the patent to British investors and used the profits to fund his automotive venture. Since its inception in Japan in 1937, the Toyota Motor Corporation currently has plants in 27 countries with more in construction. Toyota realizes that in the global economy they must be accommodating to other countries’ customs and values and not try to force Japanese practices on them (Maynard, 2008). In the United States alone there are plants in Kentucky, Indiana, Texas, and Mississippi as well as design centers in California and Michigan (Maynard, 2008). Toyota is following this semi-autonomous regional model in other places as well, such as Europe and China. Toyota has embraced the Global economy and marketplace and is thriving. As a result of Toyota’s worldwide operations, the labor demand will vary in different countries and regions. The effect of globalization on labor supply and demand is double edged sword. On one hand, the global presence of Toyota increased their potential labor supply exponentially. Certain job positions have no geographic restrictions on the talent pool. Conversely, the presence of regional factories increased the labor demands in the respective...
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...A COMPARATIVE ANALYSIS OF TOYOTA AND THE YACHT COMPANY A Comparative Analysis of Toyota and the Yacht Company Angela.Martin212 American InterContinental University A COMPARATIVE ANALYSIS OF TOYOTA AND THE YACHT COMPANY Abstract This is a comparative analysis of Toyota Industries Corporation and the Yacht Company. These companies contain similar problems but are located in different parts of the world. Both Companies pride themselves with excellent management skills and recognizing their responsibilities to citizens and local communities in promoting their products. Both companies present various differences. A COMPARATIVE ANALYSIS OF TOYOTA AND THE YACHT COMPANY A Comparative Analysis of Toyota and the Yacht Company Y.Co is a yacht company that specializes in the project management of new yacht construction for new and existing owners. They offer innovative yacht management programs and crew recruitment. Y.Co is an industry innovator company that introduces new levels of efficiency into yacht and ship management. Y.Co is a company that can assist individuals in purchasing or chartering a super yacht to travel anywhere in the world. Y.Co is known for their concentration on representing their clients. The core of Y.Co’s philosophy is team work. Their crew has partners, executive assistants, yacht sales and new business, yacht charters, travel and concierge, yacht management,...
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...resources as compared to peersW4: Lack of high technical skills of engineering designs when they have high level of skills in productionW5: Loss of control. The management failed to anticipate looming problems and expanded too quickly, ignoring Toyota’s style of disciplined growth. | Opportunities | S0 Strategy | WO Strategy | O1: Growing global automotive industryO2: Toyota poised to benefit from growing joint venture with GM called New United Motor Manufacturing Inc.(NUMMI)O3: Strong outlook for the global new car market04: Augmented worldwide distribution and servicing network to increase market penetrationO5: Expanding automobile market and opportunity launching new products | 1. Exploit engineering and R&D capabilities to produce new and innovative car models(S2,05) 2. Integrate the competitive advantage of both Toyota and GM to create strong brand name and competitive position in automotive manufacture industry(S3,02) | 1. Closely monitor quality and overhaul its design and manufacturing operations to enter growing global automotive industry (W1,W4,O1) 2. Joint venture with GM cause Toyota strive for continuous improvements and enhance the sales and market share in particular geographic market(W2,02) | Threats | ST Strategy | WT Strategy | T1: Facing intense competition in automotive manufacturers industryT2: Appreciating Japanese Yen a major concernT3: Natural disasters could...
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...Running head: TOYOTA MOTOR COMPANY OPERATIONS/QUALITY RESEARCH REPORT 1 Toyota Motor Company Operations/Quality Research Report TOYOTA MOTOR COMPANY OPERATIONS/QUALITY RESEARCH REPORT 3 Table of Contents Abstract 2 Introduction-Company History 4 Company’s Orientation 5-6 Operations Management 7-9 Lean Systems 9-12 Managing Quality 12-14 Improvements in Quality 14-15 References 16 TOYOTA MOTOR COMPANY OPERATIONS/QUALITY RESEARCH REPORT 2 Abstract Toyota Motor Company is the number one car manufacturer in the world today. They were founded by Sakichi Toyoda, some three quarters of a century ago in Japan. Through the years Toyota Motor Company has seen major growth throughout their hierarchy. Toyota’s growth can be attributed to Toyota’s company orientation and that is recognizing the consumers’ demands, having the right products in place to meet these demands. Throughout the years Toyota Total Quality Management (TQM) was the strength of Toyota year after year winning quality awards. Along with quality, Toyota pioneered their own lean system called Toyota Production System (TPS) which identifies and reduces/eliminates waste and variance in processes. Managing product quality was Toyota Motor Company’s claim to gaining market share over the U.S. car manufactures’ but recently the last...
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...Preferred Courses of Action Through Ethical Analysis of the 2009 Toyota Motor Company Automobile Recall In September 2009, Japanese automotive manufacturer Toyota issued a recall of 3.8 million vehicles due to “unintended acceleration” that was believed to be caused by loose floor mats becoming lodged under the gas pedal due to a design flaw in the pedal layout. Since the initial recall, which affected seven models ranging from 2004 to 2010, more details have emerged. Instances of surges in acceleration in Toyota vehicles have been investigated by the NHTSA on six separate occasions since 2003 and over two thousand owners have claimed to experience the phenomenon. Consumer Reports examined cases of unintended acceleration surges in the United States for 2008 and forty-one percent of all instances involved Toyota vehicles. Most tragically, sixteen people have been killed in accidents resulting from unintended acceleration in Toyotas and over two hundred-forty have been injured. As a short-term fix, Toyota brand dealers began removing floor mats or fastening them to the floor pan in order to prevent lodging under the accelerator. More recently, dealerships have begun reshaping or shortening accelerator pedals until replacements become available for installation. However, some consumer groups have criticized Toyota’s sluggish and secretive response, and a national class-action lawsuit has been filed against Toyota alleging that the floor mats and pedal layout do not explain...
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...Running Head: Ford Motor Company and the Toyota Motor Corporation Ford Motor Company and the Toyota Motor Corporation AIU – MGT680 Abstract Two major automakers are Toyota and Ford. This paper will compare the two companies to better understand the contributions to for success of each company. This paper will include a SWOT analysis which identifies strengths, weaknesses, opportunities, and threats to these companies. It will also include a plan of action for one weakness to turn them into strengths. It will discuss the current issues being faced by each company and how it affects the global operation because of the importance. Ford Motor Company and the Toyota Motor Corporation Ford Motor Company was started by Henry Ford in 1903 (Heritage, 2014). Toyota Motor Corporation was started by Kiichiro Toyoda in 1935 (50 Years, 2014). While each firm has been able to develop a relationship between the political and economic forces within their communities, they also understand a strategic plan is important and will guide them to an effective relationship within their communities. This type of plan will help the two firms build brand name as both firms have successfully done. The following table will illustrate the main issues Ford and Toyota are facing. It briefly explains the current position or view of each company to help better understand who the two firms view their community responsibilities. Issues Ford Toyota Legal, Social and Economic Environments Follows...
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...Global Strategy for Toyota Company Name Course Instructor Date Introduction Toyota Motor Corporation is a multinational motor manufacturing company based in Toyota, Aichi, Japan. It consists of over 333,498 employees as of March 31st 2013. It was ranked the largest automobile manufacturer in the world in 2012 based on production, as it reported the production of its two hundredth millionth vehicle in the same year. It is also ranked as the thirteenth largest company based on revenue [ (Toyota Global, 2013) ]. According to the company’s consolidated financial statements, Toyota has 540 consolidated subsidiaries and 226 affiliates. The financial reports of the company for the fiscal year ending on March 31st 2013 revealed revenues totaling 216.7 billion US dollars, 13 billion operating income and a net income of 9.47 billion. The company has remained dominant and continued growing for years due to various strategies that it employs worldwide. The corporation remains relevant by ensuring that it is up to date with contemporary issues of concern, therefore addressing important responsibilities and issues. In today’s world of business, globalization is a vital aspect and more so in an international corporation such as Toyota motors. The company must therefore be able to deal with the consequences of globalization such as increasing competition. Toyota Motor Corporation has applied various theoretical frameworks in its strategies to ensure it remains relevant and achieves...
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...& Recommendations | 10 | 7 | Bibliography | 14 | INTRODUCTION Toyota Motor Corporation, is a Japanese multinational automaker headquartered in Toyota, Aichi, Japan. In 2010, Toyota Motor Corporation employed 317,734 people worldwide, and was the world's largest automobile manufacturer by production. The company was founded by Kiichiro Toyoda in 1937 as a spinoff from his father's company Toyota Industries to create automobiles. TMC is part of the Toyota Group, one of the largest conglomerates in the world. It created its first product, the Type A engine, and, in 1936, its first passenger car, the Toyota AA. Toyota Motor Corporation group companies are Toyota (including the Scion brand), Lexus, Daihatsu and Hino Motors, along with several "non-automotive" companies. Sakichi Toyoda invented the Toyoda Model G Automatic Loom in 1924 incorporated the principle of Jidoka, which means that the machine automatically stops itself when a problem occurs, later becoming a part of the Toyota Production System. RESEARCH PROBLEM: Toyota has long been recognized as an industry leader in manufacturing and production. Toyota's management philosophy has evolved from the company's origins and has been reflected in the terms "Lean Manufacturing" and Just In Time Production, which was instrumental in developing Toyota's managerial values and business methods collectively known as the Toyota Way. In 2010, the Toyota Motor Corporation ranked first by the International Organization of Motor...
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...Executive Summary This report will introduce Toyota company of business ethics, in the first part, the report described the definition of business ethics, and then introduced the environmental scanning method and PEST and concretely introduces the Toyota company's ethical dilemma, how to solve this problem, from the Angle of moral evaluation, the whole situation based on different kinds of ethical theory, business ethics from the perspective of moral comprehensive understanding of the problem, and then to carry on the analysis. Making companies in the society, the government, and people’s hearts set up a better image, which is beneficial to the development of the company and have more income. Hope this report from every Angle analysis Toyota company pedal events, brake event. Let the Toyota Company remember the lesson. And effectively solve it. 1.0What is business ethic? Have a lot about what is the business ethics idea, or is simple; some people think is right or wrong. Essentially, business ethics is the pursuit of truth. Can and should be regarded as for $5 and $5 $10 is equal to the initial level, the simple truth. Therefore, the businessman must provide good quality goods and service, with reasonable price to consumers' normal supply. They must avoid addicted to like adulterate unfair trade practices, promoting misleading advertising, cheating weights and measures, such as the black market, they must give fair wages and their workers provide good working conditions....
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...Globalisation on an Organization’s Leadership, Management and Strategy STRATEGIC MANAGEMENT ------------------------------------------------- TABLE OF CONTENTS | Page | Chapter 1: Globalisation | | Introduction | 2 | 1.1 What is globalisation and the aspects that affect it? | 3-4 | | | Chapter 2: Application | | 2.1 Examine globalisation with a South African based company | 5-6 | 2.2 History of Toyota | 5-6 | 2.3 Some of the products that Toyota | 7 | 2.4 Toyota’s vision and mission | 8-9 | 2.5 Toyotas Road to Globalisation | 9-12 | 2.6 Toyotas Fundamental Steps to Global Stategy | 13-15 | 2.7 The Advantages Of Gobalisation Affecting Toyota | 16 | 2.8 The Disadvantages of Globalisation Affecting Toyota | 17 | | | Chapter 3: Recomandation | | Conclusion | 18 | Bibliography | 19 | | | INTRODUCTION This assignment stems from the subject strategic management and within this subject the concept of globalisation needs to be learnt and by doing so this assignment will help and improve the researchers understanding. The researcher will discuss the concept of globalisation with regard to leadership, management and strategy within this topic the researcher uncovers what is globalisation. As part of the assignment a local South African business was chosen to explore globalisation...
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...Michael Greto Andreas Schotter Mary Teagarden Toyota: The Accelerator Crisis The root cause of their problems is that the company was hijacked, some years ago, by anti-family, financially oriented pirates. Jim Press, former President & Chief Operating Officer (COO) Toyota Motor Sales, U.S.A., Inc. On February 24, 2010, Akio Toyoda, the grandson of Toyota Motor Corporation’s founder, Kiichiro Toyoda, endured a grueling question-and-answer session before the U.S. House of Representatives Committee on Oversight and Government Reform. The committee represented just one of three Congressional panels investigating the 2009-2010 recall of Toyota vehicles related to problems of sudden acceleration and the company’s delay in responding to the crisis. Signs of the coming recall crisis began as early as 2006 when the National Highway Traffic Safety Administration (NHTSA) opened an investigation into driver reports of “surging” in Toyota’s Camry models. The NHTSA investigation was closed the next year, citing no defects. Over the next four years, Toyota, known in the industry for its quality and reliability, would quietly recall nearly nine million Toyota and Lexus models due to sudden acceleration problems. Toyota’s leadership, widely criticized for its slow response in addressing the problems, now had to move quickly to identify a solution that would ensure the safety of its vehicles, restore consumer confidence, protect the valuable Toyota brand, and recoup a plummeting share price....
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...| Quality Management in Business | Toyota | | St. Patricks International College | | Kamila Zak | 2014-05-27 | | Table of contents 1 Introduction…………………………………………………………………………….. 2 Definitions of quality in terms of business and services provision ……………………. 3 Processes of inspection and assurance…………………………………………………. 4 Range of approaches to quality management…………………………………………. 5 Similarities and differences between the different methods of quality management… 6 Customer satisfaction meaning………………………………………………………. 7 Continuous improvement……………………………………………………………… 8 Added values……………………………………………………………………….. 9 Effective marketing…………………………………………………………………… LO.1 INTRODUCTION All businesses are in competition with others. To gain competitive advantages companies use numerous ways for example lower prices, better product-quality or better service. Toyota is Japanese car manufacture with multinational cooperation consisted of 333,498 employees worldwide. Our four core values are :Customer first, Respect for people, International focus, Continuous improvement and Innovation. QUALITY IN BUSINESS Quality is defined by customer. The quality product or service is one that meets customer requirements. In term of business and service provision the quality of product or service refers to the perception of the degree to which the product or service meets the customer expectations. There is no specific meaning of quality unless it is related to specific...
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...Innovation and Business Development Toyota Crisis: Management Ignorance? – A Swedish Case of Consumers Perceptions Master’s Dissertation in Management of Innovation and Business Development, 15 ECTS Final seminar 2010-05-27 Authors: Yuanyuan Feng Supervisor: Mike Danilovic Hamlstad University Feng(2010) TOYOTA CRISIS: MANAGEMENT IGNORANCE? – A SWEDISH CASE OF CONSUMERS PERCEPTIONS Yuanyuan Feng School of Business and Engineering, Halmstad University, Sweden Abstract Since the late 2009, the famous vehicle manufacture Toyota has suffered a severe crisis due to unintended quality problems in its cars which had triggered Toyota’s largest officially recalls of its cars around the world. This crisis threatens the company’s previous reputation of good quality cars, as well as the brand image built up over time. This study aims to elaborate on the Toyota crisis in order to understand why Toyota faces this crisis and how they deal with the crisis; and investigate consumers’ perceptions of Toyota brand as the outcome of the crisis, with a focus on Swedish market. A qualitative research along with a number of face-to-face interviews with Toyota Swedish dealer and Swedish vehicle consumers is conducted. The findings reveal that the impact of the Toyota crisis in Sweden is not as serious as that in America; there remain satisfied and loyal Toyota’s customers who are not swayed by the negative publicities; While Toyota should manage the crisis even in...
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