Preview

Marketing Management - Toyota

Powerful Essays
Open Document
Open Document
2243 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Marketing Management - Toyota
Toyota Motors
Marketing Plan for Hybrid Vehicles by geographic location (Europe)
1.0 Executive Summary
The Toyota Motor Company continues to strive to be the global market leader in the automobile manufacturing industry. Over the years, Toyota has managed to remain the leader of this industry through its management structure, fuel efficient vehicle design and competitive pricing based on global market knowledge. Toyota has realized that environmentally conscious products were needed to ensure continued company (and sales) growth in the future.
Toyota has been actively reducing its carbon footprint since 1998. Annually, Toyota has been publishing its Environmental and Social Sustainability report in order to enhance disclosure of information regarding environmental actions carried out in conjunction with its corporate activities. Through more efficient and "cleaner" production lines it has reduced its environmental impact. Toyota also seeks to be the market leader for so called "clean (or green) vehicles" such as Electric Vehicles, Hybrid Vehicles and Plug-In Hybrid Vehicles.
This marketing plan will discuss Toyota 's strategy with regards to green vehicles, with particular reference to one geographical location, Europe. This Marketing plan will have a closer look at how the European Branch operates within Toyota 's global structure and how it reflects Toyota 's overall vision of a cleaner, more sustainable future.

1.1 Vision
Toyota realizes that its future lies in the production of environmentally conscious cars. Toyota 's vision of a cleaner future revolves around two main points. Firstly, the production of vehicles that have a smaller impact on the environment. Along with "cleaner" versions of its gasoline powered cars, Toyota believes that the company 's success in the present and future lies in its line of Electric, Hybrid and Plug-In Hybrid Vehicles. Through this line of vehicles Toyota will be actively reducing environmental impact

You May Also Find These Documents Helpful

  • Powerful Essays

    Tui Mgt 499 Module 2 Case

    • 1230 Words
    • 5 Pages

    Numerous opportunities currently exist for Toyota such as the new fuel-efficient cars that they are producing. With rising oil prices, the company can take advantage of its continuous Innovation, particularly the manufacturing of green cars such as the Prius model to increase sales. Investment in advanced technologies and R&D activity will enhance the widening of product portfolio that meets the diverse needs of consumers seeking alternative sources of fuels away from fuel guzzlers. Innovation will help the company to produce cars which have greater performance and less damage on the environment.…

    • 1230 Words
    • 5 Pages
    Powerful Essays
  • Better Essays

    The company image is linked to the go green movement throughout the country. If it can be shown to potential customers the environment is a major concern, it may bring more business. Alternative fuel vehicles are linked to improved air quality, renewable fuel sources, and decreased dependence on imported oil. When the vehicles produce lower emissions, they lower the company’s carbon footprint. The fact that alternative fueled vehicles and hybrids use fewer oil products also helps to reduce the national dependency on imported oil. With the air quality and oil…

    • 1880 Words
    • 8 Pages
    Better Essays
  • Good Essays

    Toyota’s largest target market would be educated working adults in developed urbanised countries especially in the West where there is a subculture of environmental concerns and issues which are relatively more active compared with the rest of the world. Thus the educated working class in these countries would be attracted to the Prius’ energy and fuel savings, and automatic battery recharging which would not only be a lot more environmentally friendly, but would ensure a more smoothly-powered ride to work in a congested city morning. Furthermore, the affordability of the Prius as compared to other Toyota vehicles coupled with even greater cost savings on fuel – cuts fuel consumption by 40% - is an added incentive for these environmentally conscious consumers as they might worry that specially designed green technology might be expensive…

    • 712 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    The firm uses an expansive market scope that includes virtually every kind of consumer that is in the market for an automobile. The organization is able to target a greater market as they have a product for everyone. Toyota Motor Corporation has all-wheel drive vehicles for the consumers who face inclement weather or the outdoorsy customers; the Prius and other hybrid models for the eco-friendly consumers; minivans for larger families, and sedans for general use. Furthermore, Toyota Motor Corporation offers vehicles for all price ranges; from the Toyota Yaris, the low price line of cars to its luxury line, Lexus, the higher priced…

    • 563 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    video case 3 and 4 SM

    • 277 Words
    • 2 Pages

    The overall mission is for the company to be the most respected and admired car company in America. They look at all aspects of the cars life cycle. They look at how the vehicle is manufactured, used, how it will be disposed off, and how they will use those components to make new vehicles. They also look at where the energy will come from to power the plug-in hybrids.…

    • 277 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Toyota is a leading company, and for over 70 years. It has been expanding business all over the world and developing products. The company has 12 percent of the global market share. We can see and buy products everywhere.…

    • 2311 Words
    • 10 Pages
    Powerful Essays
  • Powerful Essays

    General Motors (GM) and Toyota are both well-known companies in the automotive industry. They offer quality products to their customers and try to maintain the high standards of each of the companies. General Motors and Toyota offer vehicles of different models but are used for most of the same purposes. Throughout this discussion, the following topics will be covered to address the similarities and differences between the two companies: their company goals and ambitions, environmental technology, and safety technology enhancements…

    • 5148 Words
    • 21 Pages
    Powerful Essays
  • Satisfactory Essays

    Case Toyota

    • 685 Words
    • 3 Pages

    Toyota really care about the values of the environment so they have set a five-year environmental action plan in order to gain public attention about what they are doing is to help the environment. They operate the plan within five areas:…

    • 685 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Toyota motor corporate is a Japanese automotive manufacturer headquartered in Toyota, Aichi Japan. In 2013, the multinational corporation consisted of 333,498 employees worldwide and as of January 2014 is the 14th largest auto manufacturer in 2012 by production. It’s the worlds 1st automobile manufacturer to produce more than 10 million vehicles per year. It was founded by Kiichiro Toyoda in 1937 as a spinoff from his fathers company Toyota Industries to create automobiles. Toyota is now number 5 on the list of “Which Automotive Companies Lead the Innovation Race?” Their global vision is “Toyota will lead the way to the future of mobility, enriching lives around the world with the safest and the most responsible ways of moving people. Through our commitment to quality, and respect to the planet, we aim to exceed expectations and be rewarded with a smile. We will meet our challenging goals by engaging the talents and passion of people who believe there is always a better way.”…

    • 1760 Words
    • 6 Pages
    Powerful Essays
  • Better Essays

    The Toyota Prius

    • 1630 Words
    • 7 Pages

    Toyota’s customer driven marketing strategy is largely responsible for its success in the hybrid car market. Forward thinking and focus on the societal and marketing concepts allowed for the company to deliver superior customer value to its customers. Management’s focus on the world’s dependence on gasoline and perceived customer value proved to be useful tools in understanding the more environmentally conscious and non-affluent mindsets of consumers. Sleek Asian- inspired design, a roomy interior, and expensive interior options and features usually only found in luxury vehicles, provided customers with the superior value of luxury at a desirable price.…

    • 1630 Words
    • 7 Pages
    Better Essays
  • Best Essays

    Strategy Analysis of Toyota

    • 3673 Words
    • 15 Pages

    |18. Transport & Environment (2010) EU weakens fuel efficiency standards for vans Retrieved 15/2/2012 |…

    • 3673 Words
    • 15 Pages
    Best Essays
  • Powerful Essays

    Toyota’s company is a product of many years of experience, production and high efficiency. Toyota has been one of the most successful companies all over the world. Toyota’s company success in leading the Japan’s economy to be NO.1 in Asia, beside that Toyota is a major multinational car manufacturer headquartered in Japan. It was built by Kiichiro Toyoda in 1937. Nowadays this factory is the first factory for cars in the world. And what make Toyota’s so special that it manufactured vehicles with high quality and simplicity in use, beside the less costly compared with the other companies, which make the use of Toyota vehicles so extended. Toyota is the second largest producer of vehicles all over the world with a production of 6 million vehicles per year deployed in more than 160 countries, Also achieve an annual income of 108 billion dollars .Toyota produces a full range models of vehicles and employs 246, 700 staff.…

    • 1978 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Consumers are buying increasing numbers of environmentally friendly cars. Increasingly, many of these environmentally conscious consumers choose to purchase petrol-electric hybrid vehicles. In this category of “greener-cars”, Toyota’s Prius model is reported to be the market leader. In 2009-10, it was the best-selling car in Japan, an important leading market for automobile trends (Mick 2010). Sales of the Prius keep growing despite well-publicised quality and safety problems (Mitchell & Linebaugh 2010). In fact, the demand for petrol-electric hybrids is so strong that Toyota has introduced a second and larger Camry branded hybrid vehicle into Australia. Other car manufacturers are following with their own models, indicating that there is likely to be sustained demand for this type of light-duty passenger vehicle.…

    • 1955 Words
    • 8 Pages
    Good Essays
  • Powerful Essays

    To get to the bottom of this, a series of steps and analysis were conducted. First of all, market selection was done using the appropriate foreign market segmentation and targeting techniques. This required a series of segmentation criteria to be fulfilled, developing appropriate segments, and screening of the segments, micro-segmentation and finally, market entry. China was selected for some reasons, the prominent one being it is currently the worlds most polluted country and is thus, looking for ways to cut back, especially in tailpipe carbon emission. Next a SWOT analysis was conducted for a better understanding of the selected market environment. The strengths of Toyota lie in its reputation high quality, low cost vehicles. Its weakness was minimal attention paid to its Chinese…

    • 6756 Words
    • 28 Pages
    Powerful Essays
  • Powerful Essays

    Toyota dealt with their customers by setting up website to educate the customers about the Toyota Prius. They took advantage of Earth Day to send out green seed cards shaped like Toyota’s logo to prospective buyers and they also gave away some green Prius at Earth Day events. However, Toyota did not recognise that consumers normally don’t buy cars for the saving in the long-run so “fuel savings are not going to be the key it convincing people to purchase the Prius” [principles of marketing]. As a result of this Toyota have asked governments to give tax cuts to cars with better fuel consumption.…

    • 1582 Words
    • 7 Pages
    Powerful Essays