The purpose of this research paper is to critically evaluate the Toyota Company. The evaluation of the company is carried through different models that include the SWOT analysis, Porters five force, PEST analysis and ANSOFT matrix. These models will help to evaluate the business thoroughly and the paper will also help for further researches in the area.
2.0. Business Overview:
2.1. Organizational Overview: Toyota Motor Corporation is Japan based company founded in 1937 that operates worldwide. It is the top company of Japan on the base of its market capitalization and thirteenth among top most companies of the world by its revenues. In 2012, the company was recorded as the most car manufacturing firm in the world.
2.2. Recommendations: Toyota motors are famous for their just in time manufacturing. The organization is doing well in this regard and competes with the world’s top car manufacturing firms (Michael M., 2000).. However the quality of the car as compare to other care manufacturing companies is not satisfactory. They should focus on the quality and designs of the car. As compare to Honda, the intense competitor of Toyota in Asia and some other regions, they have elegant designs and quality cars. Apart from that the company should also focus on fuel efficient and hybrid cars to increase its production and to make people aware of these cars.
3.0. Strategic Analysis of Toyota Corporation:
The corporate strategy of Toyota varies with time and its operations. In the recent era the corporate strategy of the business is to maintain the top position in the industry (Henry, A. 2008). The company is also striving to enhance its technology in order to increase the quality of its cars and to meet the needs of ever target market.
3.1. Strategic Analysis: Strategic analysis is the procedure by which the organizations assess its external and internal environment and the factors related to it. Organization then analyzes its strengths and
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