Toyota Motor Vietnam Analysis

Powerful Essays
Topics: Toyota, Lexus
INTRODUCTION
Toyota Motor Vietnam (TMV) was established in September 5, 1995 and officially started operating as an affiliate of Toyota Motor Corporation (Japan) from October, 1996. TMV’s headquarter is located in Phuc Yen, Vinh Phuc province with two representative agencies in Hanoi and Hochiminh city. Its main operation is manufacturing and assembling cars with daily big volume of more than 100 cars. As a large company of more than 1000 workers, the issues of communication are extremely important to TMV. The company itself is aware of communication importance, which is the most evident in its attempt to increasingly take advantages of innovative means of information dissemination. Notwithstanding, TMV has still encountered some obstacles of ineffective approaches to internally communicate. Especially, with a typical feature of factory, TMV operation depends mainly on 3 main divisions, composing of Production, Marketing, and Finance, which require a complicated system of internal communication generating various problems such as lack of two way communication; time consuming related issues, or being labor-intensive.

This paper aims at finding out common means of business communication used in TMV, especially focusing on their drawbacks and simultaneously making some recommendation. The research scope is conducted in Toyota factory in Phuc Yen, Vinh Phuc. The report’s main contents will be divided into two main parts, including brief explanation of internal communication channels within the organization, and further details of their downsides.

LITERATURE REVIEW
According to Wikipedia, Communication is often defined as an exchange of information. True communication requires a two-way process (a dialogue, not a monologue). Internal communications including all communication within an organization may be oral or written, face to face or virtual, one-on-one or in a small group.
Effective internal communication - which can be said to be "downward, upward, and

You May Also Find These Documents Helpful

  • Powerful Essays

    INTRODUCTION Toyota Motor Vietnam (TMV) was established on September 5, 1995 (official opening in October 1996). The total investment capital was 89.6 million USD based on the capital contribution of Toyota Motor Corporation (70%), Vietnam Engine and Agricultural Machinery Corporation - VEAM (20%) and KUO Singapore Pte.Ltd (10%). TMV focuses on three business fields, which are: Producing, assembling and selling Toyota vehicles; Repairing, maintaining and selling Toyota genuine parts; and Exporting…

    • 3702 Words
    • 15 Pages
    Powerful Essays
  • Best Essays

    Toyota Motors

    • 2910 Words
    • 12 Pages

    SWOT and CSF Analysis of Toyota Motors Karen White June 2, 2012 BUSI 601 Liberty University 1.0 INTRODUCTION: Toyota Motor Company is a well-known Japanese transnational corporation, and is well known thought-out the world as the second largest automaker of automobiles, trucks, buses, robots, and providing financial services. Its creator is Kiichiro Toyoda, born in 1894, and the son of Sakichi Toyoda, who was widely held as the creator of the automatic…

    • 2910 Words
    • 12 Pages
    Best Essays
  • Good Essays

    Toyota Motor

    • 2856 Words
    • 12 Pages

    Introduction The Toyota Motor Company Limited was established in 1937 by Kiichiro Toyoda. Kiichiro’s father was Sakichi Toyoda who established the Toyoda Automatic Loom Works. Initial capital for development and test building first automobiles was received by selling the patent rights of one of Sakichi Toyoda’s machines to Platt brothers from United Kingdom. In the history of the Toyota Motors was only one strike in 1950. However this strike brought together the managers and labour to have principles…

    • 2856 Words
    • 12 Pages
    Good Essays
  • Powerful Essays

    Toyota Vietnam

    • 1347 Words
    • 6 Pages

    TOYOTA MOTOR CORPORATION In today automobiles industry, Toyota is well-known not only in Asia but also all over the world. Established seven decades ago, we could say that Toyota brand has been appeared most of countries all over the world, and they have a big influence on automobiles industry. Beside the success of Toyota through decades, Toyota has faced with many obstacle that affect strongly on its reputation in a few years back. Overview Toyota…

    • 1347 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    researchandmarkets.com/reports/579612/ Analysis of Toyota Motor Corporation Description: Analysis of Toyota Motor Corporation. A complete and comprehensive analysis of Toyota Motor Corporation, includes an overview of the industry the company operates in, a PEST Framework Analysis of the industry, and then moves on to analyzing the company itself. Company analysis includes a history of Toyota Motor Corporation, a business segment analysis of the segments Toyota Motor Corporation operates through, a look…

    • 749 Words
    • 3 Pages
    Powerful Essays
  • Powerful Essays

    Executive Summary: This report provides a detailed company description of the giant automaker Toyota Motor Corporation (TMC), along with an in depth analysis and evaluation of their logistics, marketing, human resource management and international strategy. What is currently being questioned is the allowance of TMC to cross our borders and begin operations within our country. After reviewing all evidence found for and against allowing TMC to enter our nation, it was made clear that TMC provides…

    • 1896 Words
    • 8 Pages
    Powerful Essays
  • Satisfactory Essays

    Introduction In order to analyze and apply the C.A.P.M. on the stock of Toyota, one must know what the C.A.P.M. is. This is a formula which is actually an abbreviation of Capital Asset Pricing Model and is used in order to find the appropriate price of an asset. If we analyze the C.A.P.M., we can find the expected return of a stock, such as is demanded in this case. The C.A.P.M. consists of the risk-free rate, the beta of the stock (the risk factor of the stock) and the expected return of the…

    • 584 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Toyota Motor Corporation

    • 6735 Words
    • 20 Pages

    2011 Planning & Assessing RX 330 Productions for Toyota North America Team Charlie Oscar Oscar Lima AMBA 640, Section 9044 8/9/2011 Section I II III Executive summary Introduction Exercise 1: Toyota Production System (TPS) today TPS term definitions & practical examples IV Exercise 1: TPS as a total entity Advantages Limitations Evolution TPS use among other companies V Exercise 2: Grid analysis (Weighted scoring model) Exogenous factors & assumptions Endogenous factors &…

    • 6735 Words
    • 20 Pages
    Powerful Essays
  • Powerful Essays

    Toyota Motor Corporation

    • 2058 Words
    • 9 Pages

    Toyota Motor Corporation Table of Contents Table of Contents ii 1. Introduction 1 1.1. History 2 2. Financial Information 3 2.1. Financial Analysis 3 3. Mergers and Acquisitions 4 4. Competition and Foreign Interests 5 5. Future Expectations 5 6. Conclusion 6 References 7 1. Introduction Toyota, which is known as Toyota Motor Corporation is one of the most exciting names in the automobile industry today. Toyota is one of the most competitive companies globally and has…

    • 2058 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Toyota Motor Corporation

    • 1990 Words
    • 8 Pages

    Toyota Motor Corporation Marina Curmei MGT 521 - Management December 12, 2012 Professor Louis Aliberti, Esq., J.D., M.B.A. Toyota Motor Corporation Toyota Motor is one of the most competitive companies. Toyota was created in 1937 and since then it operates on the international level. Its products are valuable in Japan, North America, Europe, Asia, and many more countries. Toyota Motor is known by producing automobiles. The automobile…

    • 1990 Words
    • 8 Pages
    Better Essays