Toyota Motor Corporation (TYO: 7203) has often been referred to as the gold standard of the automotive industry. In the first quarter of 2007‚ Toyota (NYSE: TM) overtook General Motors Corporation in sales for the first time as the top automotive manufacturer in the world. Toyota reached success in part because of its exceptional reputation for quality and customer care. Despite the global recession and the tough economic times that American auto companies such as General Motors and Chrysler faced
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INTRODUCTION Toyota is one of the world’s largest automobile manufacturers‚ selling over 8.8 million models in 2006 on all five continents. A Top 10 Fortune Global 500 enterprise‚ Toyota ranks among the world’s leading global corporations and is proud to be the most admired automaker‚ an achievement the company believes stems from its dedication to customer satisfaction. Toyota has been shaped by a set of values and principles that have their roots in the company’s formative years in Japan. The Toyota story
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Toyotas JIT Revolution 1. The JIT production system was one of the most significant production management approaches of the post WWII era. Discuss in detail‚ the concept of the JIT and its advantages. The implementation of the JIT (Just in Time) system implemented by Toyota‚ is to make the production process more effective in time and costs. The strongest point of the JIT system is to eliminate inventory‚ to reduce the transportation in between production places. "Just-in-Time" means making
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Toyota Motor I) Failure Problem Problem in electronic safety system of the 2010 model-year Prius‚ after Toyota released the Prius‚ the drivers who bought them‚ they was difficulty braking. Some owners have reported experiencing inconsistent brake feel during slow and steady application of the brakes on rough or slick road surfaces when the anti-lock brake system (ABS) is activated in an effort to maintain tire traction. Some drivers were unable to stop it while driving. The Prius drivers
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Toyota Production Process The system of production Toyota is an integral system of production and management arisen in Toyota Company. In origin‚ the system was designed for factories of cars and his relations by suppliers and consumers‚ though it has spread to other areas. The development of the system attributes to itself fundamentally three people: the founder of Toyota‚ Sakichi Toyota‚ his son Kiichiro and the engineer Taiichi Ohno. The Toyota production system was implemented in Japan during
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Case Study: Innovation—and continuity—at Toyota Answer 1 I would not think Toyota an ‘innovation organization’. It cannot be denied that‚ despite the Toyota’s product like Prius‚ its service‚ marketing and other business processes can be innovative and the innovation can be incremental. But I think whether a company can innovations‚ their products can be reflected. Through this point‚ in the case said‚ notwithstanding the Prius‚ we would not deem it a particularly innovative organization. To sum
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Planning process in Toyota Toyota is the third-largest auto manufacturer in the world‚ behind General Motors and Ford‚ with global vehicle sales of over six million per year in 170 countries. However‚ Toyota is far more profitable than any other auto manufacturer. Auto industry analysts estimate that Toyota will pass Ford in global vehicles sold in 2005‚ and if current trends continue‚ it will eventually pass GM to become the largest automaker in the world. What is the secret of Toyota success? The
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In August 2007‚ one of the world’s leading automobile manufacturers‚ Toyota Motor Corporation (TMC)‚ announced that its joint venture in India‚ Toyota Kirloskar Motor Private Limited (TKM) had set up a technical school called Toyota Technical Training Institute (TTTI)‚ on the outskirts of Bangalore‚ India. The company said that TTTI was meant for those who had passed out of middle school (Class 10) but could not continue their education due to financial or other constraints. TMC projected the setting
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and less-expensive transportation facilities. On the other hand‚ intensity of rivalry is strong because of major players are dominant in the market by nearly same technology and manufacturing processes‚ suppliers relationship and distribution systems. In addition‚ PEST analysis gives more ideas for industry to focus more on selecting the appropriate market and segments. Through analyzing political factors‚ company can get idea about the political stability and government regulations about taxes
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For over three decades‚ BMW built its brand to be synonymous with performance and the driving experience. The brand character and tone (serious‚ focused‚ and engaged) remained unwavering for the most part‚ while drivers enjoyed innovative‚ high-performance-yet-accessible vehicles that connect them with the road‚ rather than isolating them from it. | | | | | BMW created a highly coveted brand franchise by successfully cultivating an extremely loyal following of luxury-performance automobile
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