BUSINESS LEVEL STRATEGY Any given organization may comprise a number of different businesses. Each operating in distinct markets and serving different customers. A market is defined by demand conditions and based on an organization’s customers and potential customers. Industry is determined by supply conditions and based on production technology. Business level strategy is a means of separating out and formulating a competitive strategy at the level of individual business unit. This is sometimes
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COMPETITIVENESS ANALYSIS OF HYUNDAI MOTORS & TOYOTA (THROUGH THE GENERALIZED DIAMOND MODEL) Group 2# Kim‚ Byung Kyun / Kim‚ Do Hyoung / Kim‚ Soon Mi / Lee Yong Joo / Lee‚ Joong Hyun / Son‚ Dong Jin / Song‚ Ha Bong / Yoo‚ Chung Sik (ABC sequence) PROJECT BACKGROUND “Our automotive business in the global market is stable‚ but the group needs businesses that can compensate for uncertainties of the industry‚” - Hyundai Motor Group official - Recent quarterly results of Toyota that shows that it earns
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Table of contents 1. Introduction 2. Toyota background 3. Toyota production analysis 4. Toyota and globalization 5. Toyota and HRM 6. Ethical issues and globalization 7. Conclusion 8. References Introduction Toyota is one of the largest car manufacturers in the modern world. In fact‚ this multinational corporation has become the leading car manufacturer replacing the world leader General Motors which has remained on the first position within several decades. Obviously‚ this is a tremendous
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a corporate level strategy of concentrating on a single business unit‚ but this is only half the picture. For IBM there is not one general type of corporate strategy that best suits their needs‚ but a combination of both a concentration on a single business strategy as well as a vertical integration strategy. A single business unit strategy means that IBM is concentrating on competing successfully within the confines of a single business unit. An advantage of choosing such a strategy is that the
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Toyota Production System Basics What are the main pillars of TPS? 1. Standardization 2. Just in Time Manufacturing 3. Lean Kaizen 4. Jidoka or Autonomation 5. Total Productive Maintenance TPS Objectives Reduce cost by the elimination of waste- good products that are safer and lower in cost. Make it easier to obtain and guarantee good quality. Based on teamwork and respect for human life‚ create a workplace where all can fulfill their potential. Build a lean production
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Indonesiantower 003‐03‐07‐07 Rev.: 30/03/2009 TOYOTA AVANZA THE ROLLOUT Harni Winara‚ the Head of Marketing Planning & Analysis Department of Toyota Astra Motor (TAM) Jakarta‚ Indonesia‚ identified a market opportunity in All Purposes Vehicle (APV) low 4x2 segment in Indonesia. The figure was compelling and she was convinced that TAM had the capability to capture the market. However‚ she ought to carefully lay out a marketing strategy that upheld the Toyota image and customer expectation. She only had
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Introduction Toyota has grown to a large multinational corporation from where it started and expanded to different worldwide markets and countries by becoming the largest seller of cars in the beginning of 2007‚ the most profitable automaker ($11 billion in 2006) along with increasing sales in‚ among other countries‚ the United States. The world headquarters of Toyota are located in its home country in Toyota‚ Aichi‚ Japan. Its subsidiary‚ Toyota Financial Services sells financing and participates
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Executive Summary Toyota Motor Manufacturing (TMM) confronted with several critical issues. (See Appendix 1) These issues caused the insufficient Just-in-Time (JIT) system. The first two critical issues are too much dependence on sole supplier and insufficient information management. Since TMM failed to communicate with sole supplier KFS‚ they projected the production unrealistically. Also‚ because of incapability of KFS to supply the car seat demand‚ a growing number of cars sit off the line with
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Business-Level Strategy: Automobile Industry According to the text‚ business-level strategy is the plan of action that the strategic managers adopt to use a company’s resources and distinctive competence to gain a competitive advantage over its rivals in a market or industry. There are three main business-level strategies‚ namely; cost leadership strategy‚ differentiation strategy‚ and the focus strategy. In this paper‚ I will be looking at different automakers and the business strategies they use
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Business Level Strategy Google currently pursues the generic business level strategy of differentiation. Google offers many unique products and services to many different kinds of customers. By offering so many distinct products and services‚ Google is able to achieve a competitive advantage. The Google web search engine‚ the company’s most popular service‚ offers users a more reliable way to search. Google’s web search engine has differentiated itself from competing search engines
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