Preview

Toyota Marketing Strategy

Good Essays
Open Document
Open Document
984 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Toyota Marketing Strategy
Toyota Motor Corporation, which is abbreviated as TMC, is a Japan based company that deals in automobiles and has its headquarters in Aichi, Japan. In 2010, Toyota was declared as the largest manufacturer of automobiles in the world in terms of production. It is a tremendously successful company.
Any human who owns a brain, or any animal who owns a brain for that matter, would think what got them to reach this level of success. If the reason had to be explained in the smallest possible sentence, the sentence would have been; Toyota is Japanese. Of course, probably a good strategy and plan that these companies are using in order to fly as high as they are, but being a Japanese company definitely has something to do with it.
The above-mentioned fact probably seems very bizarre and pointless right now but it is a fact. Moreover, I say this because Japanese companies tend to have a different strategy when it comes to marketing, selling, and achieving. A very few of these differences (between Japanese and other, especially American, companies that is) are mentioned below.
The first difference which Toyota, similar to other Japanese companies, have form the rest is their outlook. Toyota’s understanding of the world and its clients seems to be a lot better than many automobile companies. Toyota knows how to deal with and handle its people in fact all of the world’s people, as it is reigning supreme these days.
The owners and masterminds of Toyota believe in their instincts. They do not waste time in long and pointless surveys that only curtail the time and energy instead of actually allowing the company any insight into the public or client’s mind.
They do not launch their gigantic and never ending programs, rather they rely on their common sense. Their strategy is to randomly start from the small scale, move on, and progress towards the large if the public accepts it. Therefore, if Toyota feels like launching something new it will probably do it, without making all

You May Also Find These Documents Helpful

  • Powerful Essays

    Tui Mgt 499 Module 2 Case

    • 1230 Words
    • 5 Pages

    Toyota Motor Corporation (TMC) is a global automaker based in Toyota, Aichi, Japan. The company is a global leading automaker in terms of sales and output, and it employs more than 320,808 people globally. Toyota’s main business is automobile manufacturing and financial services (Investopedia.com, 2011).…

    • 1230 Words
    • 5 Pages
    Powerful 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

    Toyota Motor Company has had a great amount of success in the last few years as far as being able to sell its products. Toyota is an automobile making company that has been around for years and earned its trust through its customers. After all, trust is everything when it comes to the…

    • 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
  • Powerful Essays

    Toyota Motor Corporation (TOYOTA) is one of biggest automaker in the world. Main products are a passenger car, truck, bus, RV etc. The company headquartered in Toyota, Aichi, Japan which employed 300,734 people worldwide and was the third largest automobile manufacture in 2011 by production behind General Motors and Volkswagen Group. Toyota is the eighth largest company in the world by revenue (around 200 billion USD) in 2011. The company reported it had manufactured its 200million cars in 2012.…

    • 2311 Words
    • 10 Pages
    Powerful 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
  • 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
  • Satisfactory Essays

    Case Toyota

    • 685 Words
    • 3 Pages

    Toyota really care about the values of the environment so they have set a five-year environmental action plan in order to gain public attention about what they are doing is to help the environment. They operate the plan within five areas:…

    • 685 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Omi and Winant’s discussion from “Racial Formations” are generally about race being a social construct and is also demonstrated in the viewing of Race - The power of an illusion. Omi and Winant have both agreed that race is socially constructed in society. Ultimately this means that race is seen differently in different societies and different cultures. Media, politics, school, economy and family helps alter society’s structure of race. In the viewing , also media as well as history seemed to create race by showing how social norms have evolved in different racial groups.…

    • 881 Words
    • 4 Pages
    Good 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
  • Good Essays

    Toyota is Japan car manufacturer and it has become top seller in the world. Toyota brand is very popular in public’s eyes and even their customers may put their money down for one of Toyota’s car although sometime they have not confirmed yet with the price. Toyota’s cars are reliable and believed have higher quality (Please refer to appendix 1).…

    • 5942 Words
    • 24 Pages
    Good Essays
  • Powerful Essays

    Leading Change

    • 1774 Words
    • 8 Pages

    Also, due to the competing nature of the firms in the manufacturing industry, Toyota 's company management has found that change is inevitable. This is evident from the new manufacturing models and subsequent new brands from Mercedes Benz, Peugeot and Nissan Motor companies. By changing their process and products to fit the demand in the market, the Toyota company management 's objective is to become more efficient, effective and competitive. Failure to change is critical. Everyone at should…

    • 1774 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Toyota's value proposition creates a strong differential between the company and its competitors. It should also gain market share in the targeted segments, and definitely draw attention to the new Prius.…

    • 304 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Virtue Ethics

    • 1125 Words
    • 5 Pages

    “Critically evaluate the view that ethics should be more concerned with who you are than what you do.”…

    • 1125 Words
    • 5 Pages
    Good Essays

Related Topics