Toyota Management Strategic Choices Essay Example | Topics and Well Written Essays - 1000 words

Toyota Management Strategic Choices - Essay Example Great encouragement arose from the Japanese government that needed domestically produced vehicles. Toyota Motor Company was established in 1937 as a stand alone and separate company. The name of the company was changed because it was believed by the Japanese that Toyota, eight is believed a luckier number(Black & Miller, 2008). Moreover, the first car and truck by the company was produced in 1935, the model A1 and G1 respectively. An era of rapid expansion overtook the Toyota Company in 1945 when the company was permitted to sell to the United States military. At the post war times, the company made trucks for war to the military and in 1947 it made the model SA, Toyopet. The car was designed to be cheap and handle the rough terrain of postwar Japan. In the preceding two years, an SD model was successfully made and the Toyopet SF became the first popular Toyota car. In 1955, Toyota Company made the RH model with a 48 horse power and during that time, a year round closure of 8,400 car s was produced (Liker, 2004). In addition, Toyota started producing the Land cruiser, a civilian truck, in the same year. The start of Toyota international sales was characterized by the philosophy of making the production and designs of its products local, building the vehicles in the destined countries to adapt them and also stem up the long term relationships with local labor and local suppliers (Magee, 2008). The company produced the Corona, that had a relatively large interior space and extremely comfortable and had a low price and improved quality however rust was a serious drawback In business there are a category of schemes developed to analyze, maintain, and achieve competitive advantage. Two fundamental decisions accrue: to start with is whether to primarily compete on price, cost, or provide distinctive features that justify higher prices. Secondly, how broad the competitive scope or the market target is.(Pearlson & Saunders, 2010) To commence, the price (cost) leadership strategy was used, has been used and will be used in times to come for Toyota Company to obtain a competitive advantage over its rivals or competitors as Honda Motor Company and General Motors Company Limited to mention a few while maintaining profits in its business operations. The strategy advocates for the vehicles produced by the Toyota Company to always appeal to a broad section of the market at a lower cost. For instance, the Corona was lowly priced to suit the needs of the market and cover a range of customers ( Hoch, 1998) In an attempt to implement this strategy successfully, the company used exceptional efforts to reduce costs without an exclusion of features considered essential by buyers. This was by an establishment of Greenfield operations in the new countries. However, a critical cost advantage method was designed to ensure that the vehicles were so hard a task for the competitor to copy and match what Toyota Company produced. This strategy has a number of benchmarks : the marketplace is always dominated by forms of price competition and very high sensitive buyers, there are many buyers and the bargaining power is in their reach, there is a low switching cost for customers, there are few ways to achieve product differentiation that has more value to consumers and the product in the industry is the same by all sellers. (Pearlson & Saunde

Trend and Data Analysis Essay Example | Topics and Well Written Essays - 2000 words

Trend and Data Analysis - Essay Example For understanding of any event or data, trends play an important and in this assignment we try to focus our attention of understanding and comprehending the information provided by the tables, facts and figures which are spread over long period of time. In the following situation we take a set of data that can be viewed over a period of time like ten years. Being a Language Arts teacher the set of data which is of particular interest is any set of data or information regarding discipline or other variants of discipline. Discipline happens to be an important aspect in judging any person and this aspect becomes of paramount importance when the scenario of schools is being looked into. If we look at data presented to us by National Center of Education Statistics we can gather some important information which can help us analyze this important aspect of public schools in United States. To understand the trends in more detailed manner we have to look the set of information in three different phases. The phases deal around the period of 1996-97, 2000 and 2003-2005. Thus such a long period of data sets could give us in-depth view of the whole situation of discipline in schools of United States. If we look at the scenario of public schools in 1996-1997 we can see that almost half of the public schools present in the country reported a minimum of one crime incident taking place in school premises. Another thing is that the trend of student absenteeism and physical conflicts among students continued to grow in upward trend if we compare the years of 1991 and 1996 signifying the fact that student indiscipline was growing among public school communities of the country. This can be bolstered by the fact that nearly sixty percent of the public schools which include both elementary and secondary schools reported the incidents of crime, violence and indiscipline. One trend we can notice by looking at the facts of levels of indiscipline and violence in these schools is that escalation pattern of the discipline problems to higher levels leading to situations like violence. It can be attributed by the fact that schools which actually reported discipline problems were facing a likelihood of experiencing quite a lot of incidents of violence and thus were more likely to have experienced incidents of crime when compared to those schools with less serious discipline problems. Another trend to be considered in the area of discipline is to view the argument from the public high schools and public elementary school's perspective (DeVoe, 2005). In this case the trends from the past decade has shown that the heads of the school regard at least one of the many discipline issues as serious in their schools so as to make sure that proper suitable action need to be taken place. This can attributed by the fact that almost forty percent of the high school principals repor ted a minimum of one serious discipline problem in their schools when compared to middle and elementary schools which reported around eighteen and eight percent respectively. Another trend which made impact in the public schools is increase of student bullying. As per the data of indicator of school crime, safety and discipline statistics, nearly thirty percent of the public schools reported weekly student bullying (Kauffman, 2002). Interesting analysis which crops up after