Analysis of key inputs of toyota corporation
Toyota has given environment the first priority in management issues and seeks to lead in global regeneration by outstanding environmental technologies. It also works to reduce environmental impact that may arise from development of vehicles, production, their use, disposal and recycling. Toyota together with Japanese and oversea affiliates ensures there is effective environmental management.
In its vision, it conducts business to ensure the society prospers through manufacturing automobiles. It ensures quality life everywhere by achieving sustainability in production and in research and development.
In development and design, it develops vehicles that are of high quality and effective to be used by everyone. It pursues environmental technologies that ensure efficient use of fuel and reduce exhaust emissions. Toyota automobile recycling aims at producing vehicles that ensures that once the vehicle is out of use, its parts can be used again to manufacture more useful vehicles.
In production and logistics, Toyota automaker tries to improve effectiveness of environmental measures that are already in place and also promote the creation of society that is able to recycle its products.
This will help in conditions such as depletion of resources and reduce amount of waste in environment. Communication helps to create awareness about existence of Toyota and the products it offers to the society and brings about better understanding of where and how to obtain the products.
The impact of the inputs in the organizations is that they influence the rate of growth of the organization and the direction the corporation will take. The problem in ensuring their availability is rapid change in technology making it too expensive to adapt to the new technology. These inputs interact with each other to ensure that high quality vehicles are produced at a reduced cost so that they can be sold at a price that is affordable to all the potential customers. (Taiichi, 1988).
Toyota conducts its business in the automotive industry and finance industry. It has business segments such as financial services operations and automotive operations. Automotive operations are involved in designing, manufacturing, assembly and selling passenger cars, trucks and related parts and accessories.
Financial services consists of financing dealers who lease Toyota vehicles .Financial services also provide leasing to retailers who purchase lease contracts offered by Toyota dealers. Toyota vehicle are sold in more than 170 countries and its primary markets are Asia, Japan, Europe and North America.
The resources impact the organization by ensuring that in case the customers have limited finance, they get the vehicle on credit and pay for them later and these results to increased sales. The problem in ensuring availability is that some customers may take long before they repay back the money. These inputs interact with each other to ensure that every unit of product is sold at the right time in order to avoid dead stock.(Taiichi, 1988).
Toyota Motor Corporation was established in 1937.the founding name was Toyoda which changed later to Toyota in order to separate founders work life from their home life. This also gave the company a happy beginning. During the Second World War, the company produced trucks for Imperial Japanese Army. The military trucks were simple with only headlight at the center of the hood.
After the war, in 1947, car production for commercial use began. The quality of the canard production principles originated from United States army. Toyota motor sales company was established in 1950 and it lasted up to 1982. Toyota crown was the first car to be exported to United States and there was establishment of Toyotas American. In 1963, the first Toyota was built outside Japan at Port Melbourne. When the decade was almost over, Toyota was established worldwide when it had already exported one million units.
Toyota motor company and Toyota motor sales merged in 1982 to form Toyota Motor Corporation and Toyota started production of new brands at the end of 1980s when they launched their luxury division called Lexus in 1989. Toyota produced one of the best world hybrids selling cars the Toyota prius in 1997. Toyota Motor Europe Marketing and Engineering (TMME) was used to market vehicles in the continent and two years later, Toyota had set a base in united kingdom because of the popularity of the company cars in British. In 1999, it listed itself in the stock exchange of London and New York.
Toyota has come up with new technologies for example production of vehicles and has sold one million globally. Toyota has large market share in US and small share in Europe. It sells vehicles in Africa and is the market leader in Australia. In the first three months of 2007, Toyota and Daihatsu reported sales of 2.348 million units. Its brand sales rose to 9.2% due to high demand of corolla and Camry sedans. Currently, US market share of Toyota is 16% and in terms of volume, it ranks the second after general motors. (Liker, 2004).
Organization history impact the organization by showing how the organization begun, where it is right now, the future and what has made it the it is currently. The problem associated with ensuring availability is that the information provided might be distorted and outdated. The history helps to know how to make the company more productive and competitive by ensuring that it manufactures products that are able to compete with firms in the same industry.(Smith, 2001).
Toyota has a strategy that help to adapt to outside circumstances where it has made policy changes in every decade in order to cope with newly emerging environment. In 1960, the policy of inflow of foreign capital to Japan was changed which ended up in opposing capital inflow to Japan from foreign countries and expanded foreign market to increase export in foreign countries. In 1970, it cooperated in development of engine that costs less and emits low gas to comply with growth in demand among citizens to curb emission of gas.
Innovation is important for economic growth and activity. Innovation is a process for information exchange and also ensures there is good relationship among stakeholders of a firm. Good relationship among suppliers and receivers of information helps in exchange of information effectively. Toyota Australia’s business development is responsible for coming up with new ideas and getting new opportunities for business in foreign industry and Australia. Its main aim is to expand company products for export and domestic market.
Toyota optimizes its resources to offer speedy and quality IT services for better planning and cost saving. Toyota Motor Corporation restructures their infrastructure in order to support growth and get prepared for opening of new French manufacturing plant.
Strategy impacts the organization by ensuring that up to date products are produced in order to satisfy the consumers need all the time. The problem in ensuring their availability is that, it is too costly to adapt to new technology and the money available is very little. These inputs interact with each other in sharing ideas on how to ensure that the Toyota Corporation is successful both in the short-run and the long-run. (Smith, 2001)
Ono, T. (1988): Toyota Production System: Beyond Large Scale Production; Productivity Press.
Liker J. (2004); the Toyota Way: McGraw-Hill Companies.
Smith A (2001); The truth about Automobiles: Oberlin, Ohio.
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