Toyota and External Environment
COURSEWORK:
With a product of your choice in mind, describe the key external environmental factors that have led to the product provider’s success, and identify and discuss the changes you think may affect the product in the future.
CONTENTS
Business organization in external environment.............................1
History of Toyota................................................................ 1
The economic environment factor............................................2
The political environment factor..............................................2
The social, cultural and demographic factor................................3
The technological factor........................................................ 3
The resources and resource market factor...................................4
The customers factor.............................................................4
The Competitors factor..........................................................4
Development in external environment.........................................5
Conclusion...........................................................................6
Toyota and external environment
In any business organization there are two different environments, internal and external environment. Both environments are affect the business in their own ways. Internal environment is about preparing and learning how to achieve the objectives of a product in external environment. External environment can be influenced by many factors for example, politically, socially, legally and culturally. External environment can be studies into two parts, general and immediate environment. Firstly, general environment which involves economic, political, legal, and social. Secondly, immediate environment which involves suppliers, competitors, labour, market, and financial intuitions.“Business activity is a fundamental and universal feature of human existence and yet the concept of business is difficult to define with any degree
With a product of your choice in mind, describe the key external environmental factors that have led to the product provider’s success, and identify and discuss the changes you think may affect the product in the future.
CONTENTS
Business organization in external environment.............................1
History of Toyota................................................................ 1
The economic environment factor............................................2
The political environment factor..............................................2
The social, cultural and demographic factor................................3
The technological factor........................................................ 3
The resources and resource market factor...................................4
The customers factor.............................................................4
The Competitors factor..........................................................4
Development in external environment.........................................5
Conclusion...........................................................................6
Toyota and external environment
In any business organization there are two different environments, internal and external environment. Both environments are affect the business in their own ways. Internal environment is about preparing and learning how to achieve the objectives of a product in external environment. External environment can be influenced by many factors for example, politically, socially, legally and culturally. External environment can be studies into two parts, general and immediate environment. Firstly, general environment which involves economic, political, legal, and social. Secondly, immediate environment which involves suppliers, competitors, labour, market, and financial intuitions.“Business activity is a fundamental and universal feature of human existence and yet the concept of business is difficult to define with any degree
References: 1-The business environment by Lan Worthington and Chris Britton/pg 4. 2- www.toyoland.com/toyota/plants.html visited on Saturday, , March 13 at 07:45 pm. 3- www.europa.eu /Global competition and the European Automobile Industry visited on Monday, , March 15 at 09:30 pm. 4-. www.toyota.co.jp/en/ir/reports visited on Tuesday, , March 16 at 03:15 pm . 5-www.toyota.co.jp/en/csr/relationship/employees.html visited on Thursday, March 25at 01:30 am. 6-www.news.cnet.com/greentech visited on Saturday, , April 3 at 05:00 pm. 7-www2.toyota.co.jp/en/tech/environment visited on Tuesday, March 13 at 10:40 am.