Preview

Marketing

Powerful Essays
Open Document
Open Document
1561 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing
Case Details: | Price: | Case Code | : | MKTG118 | For delivery in electronic format: Rs. 400;
For delivery through courier (within India): Rs. 400 + Rs. 25 for Shipping & Handling ChargesThemes | Case Length | : | 27 Pages | | Period | : | 1997 - 2005 | | Pub Date | : | 2006 | | Teaching Note | : | Not Available | | Organization | : | Toyota Motor Corporation | | Industry | : | Automobile | | Countries | : | USA | |
Abstract:
The case focuses on the world's first mass produced hybrid passenger car - Prius - manufactured by the world's second largest automaker Toyota Motors.

The case explains the new hybrid technology used in the car.

It also looks for the reasons for the success of the original Prius in the Japanese market and of the subsequent models of the Prius launched in the US and other markets.

The strategies for marketing the product in the US are also analyzed. | |
Issues:
• History of hybrid vehicles.

• Working and usefulness of hybrid vehicles.

• The growing need for clean and green cars in the 21st century.

• The system Toyota put in place for the manufacture of the original Prius.

• The technology and other aspects and features of the original Prius and its subsequent versions.

• Toyota's marketing strategies in the US.

• The role of buzz marketing in the marketing of new and innovative products like the Prius.
Contents:
| Page No. | Introduction | 1 | Background Note | 2 | Toyota | 2 | Hybrid Cars | 3 | Knowledge Management at Toyota | 4 | The Original Prius | 7 | The First Generation Prius | 7 | The Second Generation Prius | 9 | Outlook | 13 | Exhibits | 14 |
Keywords:
"The Prius is solid evidence that the ponderous development process that produces new automobiles is finally on the brink of a genuine technological breakthrough."1
- Popular Science Magazine, July 1997.
"We believe that clearing environmental hurdles and offering an attractive driving experience are critical for cars to thrive in the 21st

You May Also Find These Documents Helpful

  • Good Essays

    White claims that “an automotive revolution is coming-but it’s traveling in the slow lane” (332). The author implies that there is some hope; however, it may not be in close proximity. White starts by blaming the media for trying to make people believe that most vehicles are converting to engines that are better for the environment. White is pessimistically pointing out that something like this is not as…

    • 604 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Over the last 20 years, auto makers have been diligent in their quest to advance alternatives to…

    • 701 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Prius Marketing

    • 305 Words
    • 2 Pages

    I believe based on our current economic environment that Toyota Prius is in a seller’s market. I think as people get more involved in helping make the environment a greener place they look for ways to help. One of the ways to help would be by purchasing a vehicle such as the Prius. Toyota launched a third generation Prius with a lot of features that I think consumers will be interested in. I don’t think that Toyota will have a problem at all selling vehicles, in fact may end up having the same problem as the beginning and not be able to produce them fast enough.…

    • 305 Words
    • 2 Pages
    Satisfactory Essays
  • Satisfactory Essays

    Lexus Rx

    • 380 Words
    • 2 Pages

    The operation management team will do a thorough assessment of Toyota production in North America. This report will mention the purposes and advantages of the TPS. It will show the profit earned from the Lexus RX…

    • 380 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    There are four different phases of the product life cycle (PLC). Introduction is phase 1, and the Prius was introduced more than a decade ago. Phase 2 is Market Growth, which the Prius achieved very quickly. So quickly, in fact, that Toyota’s manufacturing couldn’t keep up with the demand so they had to back off the marketing to get caught back up. Some might think the Prius is currently in Phase 3: Product Maturity, which would be followed by Decline (Phase 4). In actuality, the Prius has been going through re-introduction and product innovation for multiple classes of the Prius. The competition for Hybrids is high, but Toyota has been trusted as the original pioneer for Hybrid cars, and their continued introduction of multiple Hybrid models satisfy multiple market segments.…

    • 447 Words
    • 2 Pages
    Good Essays
  • Powerful Essays

    While it may seem that electric cars are a new fad of the twenty-first century, this is not the case. Electric cars have been around since roughly the 1890s, and in fact they were the dominant motorized vehicle in the market until about 1929 [1, p. 17]. This was due mostly to high gas prices during war and the fact that back then having a range of 18 miles was more than enough to meet the needs of most people. But then as cities grew and gasoline powered cars became cheaper and easier to use, the electric car was slowly phased out, until about the 1990s. Then began the renewed interest in air quality and in the future of the electric car [1, p. 17]. In 1990 the Clean Air Act was passed, and now the gas guzzling and air fouling cars that had become so prominent began to have regulations forced down on them to improve their efficiency and to make them cleaner [2, p. 642]. This Clean Air Act coupled with the Energy Act of 1992 encouraged research into the electric car and reenergized the developments of environmentally friendly cars [1, p.17]. All of that research and dedication finally cumulated in the release of the Toyota Prius on the American market in 2000, and from that moment, it has become a cultural icon, and a topic for hot debate [3]. The main topic of the debate is at the very foundation of the Prius: whether or not the Prius is truly ‘green’.…

    • 3338 Words
    • 14 Pages
    Powerful Essays
  • Powerful Essays

    Hybrid Cars History

    • 3640 Words
    • 15 Pages

    Without this innovative discovery, people would never be able to experience life 's fullest advantages. Before cars, boats and very slow traveling trains were the only ways to travel to distant places. Although there is not ONE single individual that takes credit for inventing the car, many are recognized, as all are worthy of this recognition. So many paid a considerable part in the creation of cars over the years, and although we have come such a long way, researchers are always looking into the future. These individuals are coming up with new technology every day, and so long as there are smart people in the production, surely the industry will not be slowing down anytime soon. Each and every evolution of this remarkable creation has been a notable one. The automobile reigns as the most significant invention to date, and is continuing its lead today with cleaner, more efficient fuels and ever-changing concepts. In light of hybrid engineered motors, the automobile ascends to a new radiance. It will still be the provider of such great ease in peoples ' daily lives, but will now do so in an environmentally safe manner. The formation of the automobile is without question, precisely the most monumental achievement the world has ever…

    • 3640 Words
    • 15 Pages
    Powerful Essays
  • Better Essays

    Toyota Motor Corporation is a multinational company which manufactures automobiles in 27 countries all over the world and Toyota’s vehicles are sold over 170 countries, not only under the Toyota logo, but are also sold as Lexus, Daihatsu and Hino. Toyota’s vision, as found on their website is “To be the most respected and admired company”, while their mission is “To deliver outstanding automotive products, and enrich our community, partners and environment.” Toyota’s core values comprise of putting the customer first, having respect for people, being focused internationally and to focus on continuous improvement and innovation.…

    • 1977 Words
    • 8 Pages
    Better Essays
  • Good Essays

    People who accepted the early Prius were individualistic, they liked to be perceived as different from the norm. Some of the early adopters, who purchased the vehicle, modified it to make it even more individualized. Prius accepters were also efficient and practical because they purchased a car that is energy efficient. It uses less gasoline than standard vehicles and uses electricity, which is a renewable resource. Finally, Prius owners were free to go where and when they wanted to go, just as other car owners are.…

    • 625 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Launching Prius

    • 871 Words
    • 4 Pages

    Hiroshi Okuda should push its team to make Prius ready by the end of 1998 or earlier. Prius is fuel efficient and eco-friendly car for consumers and will create a new consumer segment into the market place. Hybrid Technology will be a huge attraction for both manufacturers and buyers. Toyota is known for its Toyota Production System, production efficiency, and marketing prowess which can be leveraged further for the success of Prius. In addition, reliability, pricing, consumers’ perceptions of Hybrid Technology and correct demand estimates are important for Prius’ success.…

    • 871 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Lexus Promotional Plan

    • 1277 Words
    • 6 Pages

    In 1983 Toyota decided it was time to produce a luxury vehicle to compete with the world 's best. Toyota made automotive history in 1989 when the first Lexus was unveiled. Now 16 years later the rx400h hybrid is here to do it again by being the world 's first luxury hybrid SUV on the market. Performance orientated, the Lexus hybrid delivers advanced hybrid technology along with increased power and outstanding fuel efficiency. Advertising will play the biggest role in the overall promotion following by public relations, personal selling and sales promotion. The Lexus name is very well established in the world. With that being said, the promotional plan will focus more on the hybrid technology aspect of the rx400h and opening potential buyers eyes to the availability of this innovative vehicle. Not only will it capture the hearts of people wanting to save gas and the environment, but also performance driven individuals since it is the highest-powered SUV in its class. This SUV appeals to many and advertising it will be the most challenging effort in the overall promotion.…

    • 1277 Words
    • 6 Pages
    Powerful Essays
  • Good Essays

    III. When you think of a hybrid vehicle, you may find yourself thinking Toyota Prius.…

    • 722 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Paradigm Shift

    • 439 Words
    • 2 Pages

    References: Ury, A. (March 16, 2012). News.Wyotech. Cars of the Future - What to Expect in the Next 20 Years. Retrieved June 23, 2013, from HTTP://news.wyotech.edu/post/2012/03/cars-of-the-future.…

    • 439 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Toyota Motor Corporation

    • 2058 Words
    • 9 Pages

    Toyota, which is known as Toyota Motor Corporation is one of the most exciting names in the automobile industry today. Toyota is one of the most competitive companies globally and has enjoyed a record setting success in the last few years. In the most recent years, the global automobile industry has been plagued by high gas prices, and tougher environmental protection laws. Like all automobile manufacturers, Toyota has had its work cut out for them, but to no avail they have been one of the most successful companies to date. Toyota has also been one of the industries leaders in developing new and innovative technologies that take advantage of the industries current hurdles. One of the most impressive things about this company is the scale, and the global footprint that they currently manage. "…Toyota Motor Corporation is one of the world's representative automobile manufacturers, producing vehicles in 26 countries and regions and marketing vehicles in more than 170 countries and regions. In fiscal 2006, on a consolidated basis Toyota provided close to eight million vehicles to customers around the world under the Toyota, Lexus, Daihatsu, and Hino brands. Toyota had more than 280,000 employees at the end of fiscal 2006" (Toyota Motor Corporation, 2006). One of the most challenging problems the industry has faced in the recent years has been stable sustainable growth, and Toyota has taken this challenge to heart. Toyota has plans to manufacturer, "…cars that reflect the needs of customers and society, Toyota will target sustainable growth and contribute to the development of the automobile industry" Toyota Motor Corporation, 2006). There is no doubt that…

    • 2058 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    Toyota Marketing Plan

    • 4324 Words
    • 18 Pages

    Toyota seeks to create a more prosperous society through automotive manufacturing (Hiroshu, 2003). Therefore, the Company is aimed at achieving a stable and long-term growth in future, and this is supposed to be in synchronization with a number of factors: the significant environment, global economy, local communities served, and the Internal Environment of stakeholders…

    • 4324 Words
    • 18 Pages
    Powerful Essays