Preview

The Toyota Company

Good Essays
Open Document
Open Document
1024 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Toyota Company
The Toyota Company has many ongoing effects to external environments which include general and task environments. There are many challenges that an industry like Toyota faces when dealing with general environment and task environment. Over the next three years Toyota is faced with many difficulties that must be faced from top management all the way to lower management. Toyota is caught up with many general environmental issues which include economic, social-cultural, political and legal, technological, and demographic conditions. Many of these conditions are due to the many consumer complaints that were brought on by the defects that many of the automobiles that were manufactured by Toyota. The task environment forces that will affect Toyota include dealerships, customers, and mechanics. Due to the vehicle defects within the past year, top management will be forced to plan with three task factors in order to successfully control the situations and outcomes. Toyota management is working closely together to ensure they are taking the extra precautions to help rebuild a damaged reputation. After the recall last, Toyota management took the time to meet with their forces in the task environment. Dealerships, along with the top management were fixing the problems for free in order to meet the demands of their customers by remaining loyal and proving they would fix the problem at hand. The Toyota manufacturing industry has a global structure that allows for the manufacture of Toyota vehicles from over 170 countries throughout the globe. Toyota has set many plants throughout the U.S., China, France, Mexico, and the Czech Republic while they have set themselves as a major global supplier of vehicles. Due to the massive Toyota recall there have been numerous customer complaints due to the faulty equipment in the brakes. Due to the economic recession more people are buying less Toyota vehicles which are not good for the business. The Toyota recall was not


Cited: Jones, G.R., and George, J.M. (2007). Essentials of contemporary management (2nd ed.). Boston: McGraw-Hill The Huffington Post. (2010, March 10). Worst product recalls. Retrieved November 4, 2010 from http://www.huffingtonpost.com/2010/02/23/the-worst-product-recalls_n_4723 40.html

You May Also Find These Documents Helpful

  • Powerful Essays

    Toyota Motor Corporation

    • 6735 Words
    • 20 Pages

    Section I II III Executive summary Introduction Exercise 1: Toyota Production System (TPS) today TPS term definitions & practical examples IV Exercise 1: TPS as a total entity Advantages Limitations Evolution TPS use among other companies V Exercise 2: Grid analysis (Weighted scoring model) Exogenous factors & assumptions Endogenous factors & assumptions Constraints VI VII Exercise 2: Location recommendation Exercise 3: Decision tree analysis TMMC production capacity recommendation Limitations Past performance: RX 330/350 VIII Exercise 4: Current regional production strategy Assessment Change recommendations IX Summary Appendix A References…

    • 6735 Words
    • 20 Pages
    Powerful Essays
  • Satisfactory Essays

    Lexus Rx

    • 380 Words
    • 2 Pages

    In 2008, Toyota was ranked the world’s number one in motor vehicle production volume with more plants opening in Canada, USA and Mexico. Due to the worldwide recession, Toyota sales dropped tremendously, thereafter. Beginning in early 2010 Toyota’s sales, and stock price dropped again due to accelerator and brake problems with a number of their cars. People were afraid to drive and purchase the 2010 Prius as the brake problems occurred mainly in this line of car. Toyota was no longer ranked number one in motor vehicle production due to the problems the company faced in 2010. Currently in 2011, Toyota is concerned about how well the Lexus RX 330/350 has done in the North American market? Due to this matter, the operation management team has produced a report that concerns the Toyota Motor Company’s North American Lexus production decision made a few years ago and the production of Toyota’s strategy for North America.…

    • 380 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Toyota is one of the largest makers of automobiles with 7.4 million vehicles sold each year on five different continents. It has the unique advantage of being the best Japanese brand sold in the United States and to be number one in Europe (Taylor, 2010).…

    • 3014 Words
    • 10 Pages
    Powerful Essays
  • Best Essays

    BUS 357 Research Paper

    • 2491 Words
    • 10 Pages

    The purpose of this paper is to discuss the Toyota Motor Corporation from a global and international business standpoint so that the reader may understand why the company has become one of the largest automobile producing countries in the world. Toyota is an auto making company that has been around since the 1940s and has gradually made its way towards the top to become one of the largest industries in the world. The company has goals that they continually work to achieve, and also strong management practices that keep them slightly ahead of their competition. The leadership that Toyota pursues has a positive affect on where the company stands globally. The company also uses e-commerce, which has greatly benefitted the company in several ways. It has allowed the business to grow, as well as save them money and work more efficiently. Their organizational structure consists of teamwork between employees and the company stands behind having satisfied employees. After all, the most important philosophy that the company possesses states that the customer is the priority and the key to success is in its people.…

    • 2491 Words
    • 10 Pages
    Best Essays
  • Powerful Essays

    1101IBA Toyota

    • 1714 Words
    • 5 Pages

    In 2008 Toyota became the world’s largest carmaker when it successfully exceeded General Motors in sales and production. However, this leading position of Toyota had changed since the end of 2009. In the United States, Toyota’s largest marketplace, a fatal crash of a Lexus ES 350 on August 28th 2009 was highly publicized, due to the gas pedal which was stuck and the car went out of control (Los Angeles Times, Oct.25, 2009). Since then, Toyota’s vehicles have been largely exposed to a series of issues associated with unintended acceleration problems, and these have triggered Toyota’s escalating crisis and its massive recalls of approximately 9 million vehicles globally within a six months period. For Toyota, this is indeed a tragedy that is not only related to heavy financial losses due to associated repairs costs, market share lost and production suspending, but also to Toyota’s reputation for its matchless quality and management. The firm's reputation for quality…

    • 1714 Words
    • 5 Pages
    Powerful Essays
  • Best Essays

    Toyota is one of the leading manufacturers of vehicles in the United States and across the globe. Toyota is ranked #55 in Forbes, World’s Biggest Public Companies, and capturing sales of 202.8 billion and a market cap of 137.8 billion as of March 2011 (Forbes.com, 2011).” Founded in 1937 in Japan, Toyota now employs 320,590 with operations all over the world (Forbes.com, 2011). “Recognizing a growing market in the United States, in 1957 Toyota established its first sales, marketing and distribution subsidiary in the U.S. called Toyota Motor Sales Inc. (Gretto, M., Schotter, A., & Teagarden, M. 2009, p.2).” Over the years Toyota has manufactured and sold vehicles all over the world and is a leader in innovation and technology. However, in recent years Toyota has faced many setbacks that have consumers concerned about their safety and have Toyota looking for a way to get back their credibility.…

    • 1643 Words
    • 7 Pages
    Best Essays
  • Best Essays

    Environmental Analysis Paper

    • 2768 Words
    • 12 Pages

    As many may be aware, Toyota is not shy to the media spotlight. Toyota has been the number one automobile distributor since 1935 when the founder, Kiichiro Toyoda revealed their first model the A1 and by the 1950s. Toyota had produced more than 100,000 vehicles. However, not all of Toyota’s fame has been popular. Many will remember the major automobile company by the massive number of recalls totaling nearly one million, occurring in several countries across the globe. Half of the recalls were in Japan alone, but others were in the United States, Zimbabwe, South Korea, China, and Tanzania, to name a few. The recalls were from acceleration problems in different vehicles such as the Prius, Hybrid, Camry, and Sequoia Sports Utility Vehicles. On February 1, 2010, Toyota Canada Incorporation made the announcement that it would be recalling approximately 270,000 Toyota vehicles equipped with a specific accelerator pedal assembly and suspending delivery of the eight models involved in the recall on January 26, 2010. In this paper, Team C will elaborate on Toyota and its marketplace, provide the latest corporate reports, compare the three macroeconomic variables of employment, GDP and how it relates to Toyota’s deficit performance, provide its environmental analysis, and analyze information that identifies any relationships between the United States economic trends and the operational performance of Toyota.…

    • 2768 Words
    • 12 Pages
    Best Essays
  • Satisfactory Essays

    Toyota Motor Corporation

    • 470 Words
    • 2 Pages

    How attractive is the automobile industry? Does the hybrid powertrain technology make the industry more or less attractive? Why?…

    • 470 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Toyota Motor Corporation is a worldwide company that specializes in automobiles, which are manufactured around the world. Toyota’s mission “has been to contribute to society by producing high quality products and services, while reducing the environmental impact of our operations (Investor Fact Sheet, 2013).” The North American Region will be the segment that is concentrated on in this individual learning project. Toyota Motor Corporation was first introduced to the United States in 1957. Within this same year on “August 25th, 1957, two Toyopet Crowns were imported to the United States” and on “October 31st, 1957, Toyota Motor Sales, U.S.A. Inc is established (Timeline, 2013).” The North American region began manufacturing vehicles in 1986. Toyota developed this region because “Toyota is committed to building vehicles where they are sold (Investor Fact Sheet, 2013).” With that said, the North American region has shown tremendous growth with 14 manufacturing plants and over 20 million vehicles manufactured. The total sales of products for the North American region in 2010 were $190,507 million (Investor Fact Sheet, 2013). As a result of these achievements, the North American region has become one of the top sales by region following Japan.…

    • 675 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    Strategic Management

    • 2504 Words
    • 9 Pages

    Toyota abandoned its mantra of quality, and aggressively seek market share. Toyota expended rapidly in order to become the top global manufacturer, but its quality began to decline and also leading to its reputation beginning to slip. Toyota developed a pattern of slow reactions and secrecy in regards to safety concerns and defects in its vehicles. When definitive causes were found, their marketing team should have publicized the investigation to show that the company was listening to consumers and in complete control of the situation. Lentz said Toyota 's recall crisis taught the automaker need to be "much more transparent, both inside and outside the company." "You have to be able to listen to your customers, not just hear them, but listen to what they 're telling you -- and be quick about it." (Rechtin, 2014)…

    • 2504 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Toyota Culture

    • 10163 Words
    • 41 Pages

    The Toyota culture has evolved since the company 's founding and is the core competence of the company. It is the reason why operations are lean, cars hit the market on time and on budget, chief engineers developing cars deeply understand the customer, company executives anticipate long-term trends and have clear strategies, and every employee (called a team member) is vigorously working on achieving the annual plan of the company.…

    • 10163 Words
    • 41 Pages
    Powerful Essays
  • Powerful Essays

    This expansion slowed the response time in the organization. However, Toyota organizational structure shows the reason why the company had been through this crisis. Toyota had a rigid corporate culture, the employees were feeling hesitant and reluctant to pass any bad news to the Toyota family. 29 of Japanese board directors are from the Toyota insiders. however, they don't allow any decisions to be made in the US branch, only in Japan and this prevented the US branch from the early recall and caused the crisis all because the organization was following a centralized power structure. Toyota used the just in time production which means making what is needed only when its needed and only the amount needed, when Toyota wants to produce a big amount of automobiles efficiently, there should be a production plan which includes the parts procurement so providing what is needed when its needed and the amount needed can reduce or eliminate the waste and useless requirements which result in improving the productivity. However, this system gave power to front line employees to stop the manufacturing streak when a problem had been noticed. after the speedy growth, Toyota did not want to stop any manufacturing line when an employee claim that there is an issue, the employee should be certain about the issue because if he stops the manufacturing because of a problem that is not existing he will be fired, so if the employee suspect any problem he prefer to keep silent and all this happens from changing in the culture of the company. Toyota has neglected the customer care because of the late recall. the culture impact change in many different ways. to be successful, the company's culture is set by values provided by the founders, they publish their ideas thru the culture which has a discipline policies and a system thinking. in my opinion, Toyota should Adopt the Role culture to improve the…

    • 2006 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Although many other Asian automobile manufactures have earned a reputation for building high-quality cars, they have been unable to overcome Toyota's advantages in human resource management, supplier networks and distribution systems in the highly competitive US market.…

    • 1190 Words
    • 5 Pages
    Powerful Essays
  • Good Essays

    In the period of over fifty years of being in Australia market, Toyota always sticks to its own goal which is ‘uphold our corporate reputation at all times’ and now it has turn into be one of the leading automotive companies in Australia. In order to achieve this goal, Toyota Company also expects all employees, contractors and agents of Toyota Australia to follow some rules. For instance, it not only requires them to be responsible and be honest in word and deed, but also asks them to use good judgment and avoid action that could create a conflict between personal, company and community interests. In addition, Toyota Company always adheres to fulfill its own objective by implementing the mission of Toyota Company that is ‘to deliver outstanding automotive products and services to our customers, and enrich our community, partners and environment’. Moreover, Toyota has grown to be a dominant force in the Australian automobile market with a market share of around 18 percent as at the end of the 2011 calendar year. Toyota Australia kept in the first place for selling 181624 vehicles (excluding Lexus), which is more than any other single brand in the country in 2011. Meanwhile, Toyota satisfies all the diverse needs of customers in different market segments. For example, Toyota Australia introduced various ranges that cover most market sectors from family sedans to sport cars, four-wheel drives to luxury vehicles and small hatches to small buses. There are over 800 employees working in Toyota Australia’s sales and marketing in areas including Marketing, Franchise Development, Domestic Sales, National Service, Operations and Logistics, Parts and Accessories and Strategic Planning, Export and Distribution.…

    • 467 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    For more than 50 years, Toyota Motor Corporation has been one of the world’s leading manufacturers of motor vehicles in the United States. It was born a Japanese company in 1935 and came to America in 1957. Now headquartered in Toyota City, Japan, it employs more than 300 thousand employees globally (Toyota Motor Corporation Company Profile, 2012). In addition Toyota is a global marketing organization. It strategically operates primarily through Japan, Asia, Europe, and North America; but its vehicles are sold in more than 170 countries and regions across the globe (Toyota Motor Corporation Company Profile, 2012). The Toyota brand is traditionally defined by brand attributes such as global leadership, innovation, durability, reliability, and sustainability. It represents an industry leading product line of several models including the 1955 flop Toyopet, the 1965 comeback Corona, the Corolla, Toyota trucks, the luxury Lexus, the Avalon, Solara, Scion, and the world’s first hybrid the Prius.…

    • 2274 Words
    • 10 Pages
    Powerful Essays