Preview

The Toyota Marketing Strategy

Powerful Essays
Open Document
Open Document
5862 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Toyota Marketing Strategy
[pic]

Introduction

1. Introduction

Navana Limited stands as the authorized distributor of Toyota cars in Bangladesh, so we have chosen them to make a successful marketing plan on Toyota cars.
Our area of concentration was centered on the new model of Toyota Corolla-GLi. This is the latest car of Toyota Corolla that has been recently launched in Bangladesh by Navana Limited in November 2007 at Japan trade fair in Bangladesh.
The brand name Corolla of Toyota is well known for producing cars for the common people but this car is an upgraded model of Corolla.

[pic]

Company Profile

2. Company Profile

2a. Company Overview
Toyota Motor Corporation is a multinational corporation headquartered in Japan. Today, Toyota is the world's third largest manufacturer of automobiles. Providing the most reliable automobile for its customer is the Toyota’s specialty. Toyota Motor Corporation recently celebrated its 70 years both as a carmaker and half a century of selling cars in America. In 2007 Toyota sold 8.52m vehicles and its net income rose by 20% and become $14 billion. Moreover Toyota is aiming to sell 10.4m vehicles in 2009. In Bangladesh it is the most popular automobile company to the car user and it has almost 70% market share in our country. It is always interested to get the attention of the young generation, family people, working executives, service holders, business people, in one word all kind of people. “Its mission” is to predict consumer trends and create a lineup of cars and trucks to capitalize on them. Each professional is expected to spend time out in the field talking to car buyers. The Japanese have a name for it: genchi genbutsu - go to the scene and confirm the actual happenings. With Toyota, one thing has never changed that their commitment to the communities where they do business. Toyota spends over billions of billion on R&D, design, manufacturing, sales and marketing operations. Over the world they have sales /service offices,

You May Also Find These Documents Helpful

  • Good Essays

    The Japanese-market cars were launched during the 1970s. In the United States, the Corolla grew in popularity and the Corona model debuted as well. The successful Celica sports coupe was also rolled out and would remain in production for more than 30 years. This was my first Toyota model I purchased in 1987. It was a yellow, 5-speed transmission, 2-door, four cylinders with around 100,000 miles. I drove the car for 8 years: from Columbia to Florence, SC for the first six years; then from Columbia, SC to Charlotte, NC, for a year and a half, then after, until I sold it with over 300,000 miles on it. Those experiences sealed me as a Toyota model customer.…

    • 483 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
  • 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
  • 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
  • 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

    In the text Mythology by Edith Hamilton, women are portrayed as being property and objects. During this time women were seen to be not as "good" as men. They saw perfection in relationships between men and young male adults as the best relationships to have. However, homosexuality was frowned upon. Men were considered knowledgeable and educated, but women were seen as a burden placed on man by the Gods. When it came to women nothing was valuable about them but their beauty. When a woman was beautiful she was wanted by many men: a man would do almost anything to have the possession of a beautiful woman and have her as his property. It was as if a woman’s role was to only be a man’s beautiful possession and to procreate the lineage of a male or if he had a daughter, the means to secure power through marriage.…

    • 1321 Words
    • 6 Pages
    Good Essays
  • Better Essays

    Bus4002 Business Report

    • 4988 Words
    • 20 Pages

    Toyota is a famous automaker in the world, and the full name is Toyota Motor Corporation. Toyota is a famous Japanese automaker and the corporate headquarters in Japan. In the 1934, the Toyota stills an important department of Toyota Industries. And in this year, Toyota…

    • 4988 Words
    • 20 Pages
    Better Essays
  • Powerful Essays

    Mnc Essay

    • 1394 Words
    • 6 Pages

    There are many big transnational corporations and Toyota Motor Corporation is one of them. They produce a full range of model offerings from mini vehicles to large trucks. In 1957 when the first prototypes of the crowns were exported to the United States Toyota had expanded the sales of the automobile across the entire globe. For more than fifty years Toyota vehicles have been sold in more than 170 countries and regions in throughout the world. They continue to develop their exports, and the localization of their bases. Their policy is “producing vehicles where the demand exists.” They have 51 bases in 26 different countries and regions. There is…

    • 1394 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Toyota Recall

    • 1391 Words
    • 6 Pages

    To maintain its impressive rate of growth Toyota will have to conduct effective public relations damage control in an attempt to safeguard its stellar reputation as a manufacturer of highly reliable automobiles. The Toyota Motor Corporation has been around for greater part of last century. It really started to make a strong entry in the North American and European car markets in the mid 1970 's. Their successful product offering combining low prices and high reliability have been huge factors in its successful profitable market-share growth ever since. Toyota Motor Corporation is a Japanese multinational corporation and the world 's second largest automaker making automobiles, trucks, buses and robots and providing financial services. Based in Toyota, Aichi, Japan, the company…

    • 1391 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    Established cultural identities facilitate the acquisition of a clear mentality and higher self-confidence. Unfortunately, a change in one’s Established cultural identities facilitate the acquisition of a clear mentality and higher self-confidence. Unfortunately, a change in one’s surroundings during childhood and adolescence and therefore obtaining more than one cultural identity can inhibit this aforementioned process and conversely make one’s quest of self-discovery more difficult. Likewise, in Rebecca G. Haile’s captivating novel, Held at a Distance, she eloquently describes her bittersweet past and her courageous journey back to her once beloved country, not only to immerse herself in her Ethiopian culture, but also to resolve her negative…

    • 1348 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Toyota Business Model

    • 763 Words
    • 4 Pages

    The success story of Toyota Motor Corporation (TMC) is becoming a world famous school example for every business owner that wants to grow its company to a global level, take it through difficult times and make it number one in the world. Toyota which was founded as a public company in 1937 entered in 1957 the US market for the first time. At that time it seemed almost impossible for Toyota to compete with the world leading car manufacturer General Motors and the number one importer Volkswagen. However, by 1970 Toyota managed to become the fourth largest car manufacturer in the world and by 1975 it jumped over Volkswagen to become the largest car importer in the U.S..…

    • 763 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Toyota Strategy Analysis

    • 3676 Words
    • 15 Pages

    In this assignment group will be discussing about the strategy of Toyota. Toyota strategy is `Lean production system’ and `Just in time’ production system. Although nowadays it is been adopted by many other companies but still there is uniqueness in Toyota’s strategy. Nowadays Toyota has started working on Solar power systems as to produce electricity and save the natural resources and other it is working on to develop low clear emissions carburettors so as to be eco-friendly. Their strategy is to work in groups of different cultures efficiently and it sets the benchmark in it. Further the company is analysed internally and externally to understand more about its strategy in deep.…

    • 3676 Words
    • 15 Pages
    Powerful Essays
  • Good Essays

    marketing toyota india

    • 923 Words
    • 4 Pages

    The story of Toyota Motor Corporation began in September 1933. Toyota Motor Co. was established as an independent company in1937. Toyota Kirloskar Motor Private Limited is a subsidiary of Toyota Motor Corporation of Japan (with Kirloskar Group as a minority owner), for the manufacture and sales of Toyota cars in India. The company Toyota Kirloskar Motor Private Limited (TKMPL) according to its mission statement aims to play a major role in the development of the automotive industry and the creation of employment opportunities, not only through its dealer network, but also through ancillary industries with a business philosophy of "Putting Customer First". It is currently the 4th largest car maker in India after Maruti Suzuki, Hyundai, & Mahindra.…

    • 923 Words
    • 4 Pages
    Good Essays
  • Good Essays

    Toyota Pakistan

    • 2596 Words
    • 11 Pages

    Toyota Corolla is a Japanese Car which is best seller car in Pakistan. It is available in many solid and metallic colors. It has 5 gear manual transmissions. Xli, GLi and 2.0D are its most popular models. Its price range is from 1,400,000 to 1,550,000 rupees.…

    • 2596 Words
    • 11 Pages
    Good Essays
  • Powerful Essays

    the case study of Toyota

    • 2067 Words
    • 20 Pages

    The firm Toyota Motor Company was founded in 1937 • Currently is one of the leading automobile manufacturers in the world • High reputation for its methods of continuous self-improvement • Toyota’s products are acknowledge for their quality and reliability Quality Management | Fall 2013 4 Case Summary Toyota Background •In 1982, it formed a joint venture with General Motors seen as a learning opportunity - New United Motor Manufacturing Inc. (NUMMI) •In 1988, Toyota produced more than 5.2 million cars BUT… aggressive penetration in other countries (Brazil, China or India) strained the company’s resources, led it to misread the market, to produce faulty products and to built underutilized plants…

    • 2067 Words
    • 20 Pages
    Powerful Essays

Related Topics