Name: Nguyễn Chí Nghĩa IRN:1132300262 Email Address: nghia.nguyen.k1sba@eiu.edu.vn Toyota: Building Cleaner‚ Greener Cars 1. How does Toyota’s approach to social responsibility relate to the three concepts of social responsibility described in the text? Profit responsibility: holds that the company has a simple duty: to maximize profits for their owners or stockholders. As mentioned in Toyota case‚ Toyota started from the year 1930 and has brought huge profits from many brands such as Corolla
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EXECUTIVE SUMMARY This report examines the international expansion of Toyota Motor Corporation‚ the largest auto manufacturer in the world employing over 300‚000 staff in its plants worldwide. A review of the relevant literature done first after which it goes on to explain the major expansions conducted by Toyota. The report moves on to discuss Toyota’s new global business plan strategy by Toyota in order to alleviate conflicts and promote international expansion before moving on to an analysis
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#1. Problem: The major problem that Toyota is facing with its Tundra plants in North America is the sharp drop in demand of pick-up trucks. As the global demand shifted from trucks to smaller cars‚ sales of the Tundra had been down by 53%. Toyota also faced the problem of overstocks of the 2008 Tundra models due to the unexpected sharp drop in demand. As Toyota emphasizes on its knowledge management system‚ the five principles of challenge‚ kaizen‚ genchi genbutsu‚ respect and teamwork become the
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RYAN JOHNSON Toy yota Re ecalls (A): Hit tting th Skids he Th past few we he eeks … have m made clear tha Toyota has not lived up to the high s at standards we s for set ourselves. More imp portant‚ we hav not lived up to the high standards you have come to e ve p expect from us I am s. deeply disappointed by that and ap y pologize. oda‚ Presiden of Toyota M nt Motor Corpor ration‚ — Akio Toyo February 9‚ 2010‚ Wash hington Post O Ed1 Op My advice is‚ if anybody owns
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CASE A3 Atlas Tire and Rubber Company1 Executive Summary Faced with financial and competitive challenges in 200X‚ Atlas Tire and Rubber Company’s new CEO developed a strategic plan that included an initiative to build industry leading supply chain management capabilities. As the organization strives to establish a “superior supply chain” in the U.S. tire division‚ numerous internal changes have been made. Over the last three years‚ the organization has built a hierarchy of collaborative teams to
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INTRODUCTION Company Name: Toyota Motor Vietnam (TMV) Establishment: September 5‚ 1995 (official openning in October 1996) Investment capital: $US 89.6 million Business field: - Producing‚ assembling and selling Toyota vehicles - Repairing‚ maintaining and selling Toyota genuine parts - Exporting auto parts Products: - Hiace‚ Camry‚ Corolla Altis‚ Innova‚ Vios and Fortuner (Locally-produced models) - Land Cruiser‚ Hilux (Imported models) Partner: - Toyota Motor Corporation (70%)
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Toyota’s Team Culture - Case Incident 1 1. Do you think Toyota has succeeded because of its team-oriented culture‚ or do you think it would have succeeded without it? Indeed. This is because Toyota structures its work around team. They are not used only in the production process but also at every level and in every function: Sales and marketing‚ finance‚ engineering‚ design and executive level. 2. Do you think you would be comfortable working in Toyota’s culture? Why or why not? Yes‚
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A Reverse Innovation Playbook This case tells us about developing ideas in the emerging market and persuading them to emerged markets. It demonstrates how the companies following the reverse logic focus on major changes such as remodeling the organizational structures‚ restoring product development and manufacturing methods and reorienting sales force. The article cites example of an Organization Sara’s and how Toyota accepted its technology for emerging as well as western markets. Executing
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levels from 13.7 percent to 9.1 percent. MAP’s inventory investment is 22 percent of total assets and inventory carrying costs are nearing 27 percent of inventory value‚ both of which are consistent with manufacturing industry norms. The outbound logistics is an essential primary activity of the value chain no matter what industry. Question 2 Agricultural commodities and products from the Midwest are shipped to locations around the globe. If global demand continues to grow‚ how will different transportation
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Case Study for MGMT The Case Study “Did Toyota’s Culture Cause Its Problems?” illustrates the slow reaction to safety problems and the arrogant culture of Toyota regarding the issue of unintended acceleration (Robbins &Judge 2013). The key issues in the case study are the arrogant culture of Toyota‚ miscommunication‚ groupthink and poor human resource management. The problems in Toyota began with the recall of 10000 Laxus Cars in 2000 (Finch 2010‚ p 475)‚ followed by a series of recalls for
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