1. What microenvironmental factors affect the introduction and sale of the Toyota Prius? How well has Toyota dealt with these factors? The Company: The company has expended plenty of money on R&D and marketing of the Prius. Why? Toyota expects the Prius to set the table for the entry of a line of hybrids from mini-compacts to luxury vehicles. Thus‚ the car is an important component of company strategy. To successfully introduce the Prius and build this new line of vehicles will require coordination
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Company Profile Toyota Motor‚ the world’s largest automotive manufacturer (overtaking GM in 2008)‚ designs and manufactures a diverse product line-up that includes subcompacts to luxury and sports vehicles‚ as well as SUVs‚ trucks‚ minivans‚ and buses. Its vehicles are produced either with combustion or hybrid engines‚ as with the Prius. Toyota’s subsidiaries also manufacture vehicles: Daihatsu Motor produces mini-vehicles‚ while Hino Motors produces trucks and buses. Additionally‚ Toyota makes automotive
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text book (Page 120 - 121) --- Prius: Leading a Wave of Hybrids Read the given case study carefully and carry out the necessary analyses before attempting to answer the following question. Answer ALL questions. All questions carry equal amount of marks: - 1. Outline the major macro-environmental factors – demographic‚ economic‚ natural‚ technological‚ political and cultural – that have affected Prius sales. How well has Toyota dealt with each of these factors? [10 marks] Demographic:
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In what stage of the product life cycle is the Toyota Prius? Explain. 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
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keeping my 2002 Acura TL or to buy a new Prius. I will write a report on my gas mileage with my Acura and forecast with a new Prius. I will explain how the manufacture of a new Prius may hurt the environment. I will look at different ways I could save on gas without having to buy a new car. I will write on the monetary and environmental cost of changing cars‚ and compare the cost of keeping my car. I will not be comparing my Acura to other cars‚ but to the Prius. Assumptions My research
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macroenvironmental factors-demographic‚ economic‚ natural‚ technological‚ political‚ and cultural- that affected the introduction and relaunch of the Toyota Prius. How well has Toyota dealt with each of these factors? - Demographic factor: Due to the rapid growth of population‚ the demand for automobile had grown swiftly and the consumers are likely to compare the differences and improvements in various automobile before they made their choice. Therefore from the beginning‚ Toyota has its focus first
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Trucks‚ Ryan Keefe‚ Jay Griffin and John Graham‚ November 2007‚ www.rand.org • The Green Motorist.com‚ Jetta sets Guinness Record‚ September 29‚ 2008 • Harvard.edu‚ Report on Bus Alternatives‚ July 31‚ 2001 • The Pacific Institute – Hummer versus Prius – Dr. Peter H. Gleick‚ May 2007 • Effects of Biodiesel Blends on Vehicle Emissions‚ R. L. McCormick‚ A. Williams‚ J. Ireland‚ M. Brimhall‚ R.R. Hayes‚ October 2006 • Energy Information Administration – Official Energy Statistics from the US Government
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Microenvironmental factors are “The factors close to the company that affect its ability to serve its customers” [principles of marketing]. The microenvironmental factors that affected the introduction and sale of the Toyota Prius were it customers‚ competitors and publics. Customers are anyone who buys or rents from the company. Customer are the most important microenvironmental factor that affect company as they survive on meeting the wants and needs of the customer and failure to do so will result
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About The Toyota Company Company Name | Toyota Motor Corporation | President and Representative Director | Akio Toyoda | Company Address | | Head Office | 1 Toyota-Cho‚ Toyota City‚ Aichi Prefecture 471-8571‚ Japan Phone: (0565) 28-2121 | Tokyo Head Office | 1-4-18 Koraku‚ Bunkyo-ku‚ Tokyo 112-8701‚ Japan Phone: (03) 3817-7111 | Nagoya Office | 4-7-1 Meieki‚ Nakamura-ku‚ Nagoya City‚ Aichi Prefecture 450-8711‚ Japan Phone: (052) 552-2111 | Date founded | August 28‚ 1937 | Capital | 397
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Toyota Prius Although I’m not really on the car level the due to the fact that I drive a 2001 Chevy Venture so I made some research about this model‚ I find out that Toyota Prius was first marketed from 2000 to 2003 in the U.S now they are thinking of improving the next generation Prius which will be powered with a Lithium-Ion battery. Toyota had lots of good cars‚ good mileage‚ and they last for a while but now this days they complicate cars with so much devices it’s ridiculous‚ just couple
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