Corporate Govenance- Business Strategy

"Strategic management is a set of managerial decisions and actions that determine the long-run performance of a corporation" (Wheelen & Hunger, 2006, p.3). The benefits of strategic management helps the firm focus on the objectives and develop the steps involved in obtaining the vision and financial wealth of the organization. An effective strategic management plan should include the following three questions: (1) Where is the organization now? (2) If no changes are

Founded in 1937, Toyota Motor Corporation is a Japanese company that engages in the design, manufacture, assembly, and sale of passenger cars, minivans, commercial vehicles, and related parts and accessories primarily in Japan, North America, Europe and Asia. Toyota has become one of the largest auto producers in the world and it is still evolving and penetrating different national markets all over the world. The company is famous for its high quality vehicles and innovative technologies (Toyota Global, 2015).

Pearce, J. A. II, & Robinson, R. B. (2009). Strategic management: Formulation, implementation, and control (11th ed.). [University of Phoenix Custom Edition e-text]. New York: McGraw-Hill. Retrieved August 20, 2011, fr

Carpenter, M. A., & Sanders, W. G. (2009). Strategic management: A dynamic perspective concepts and cases. (2nd ed.). Upper Saddle River, NJ: Pearson Education.

Strategic Management is the theory and practice of making decisions that shape the future of the firm. This course looks at the content and process of strategic decision making from the perspective of managers who are responsible for an entire business unit. These may be individuals who are acting in the capacity of a Chief Executive of a company, divisional General Managers, or departmental heads. It is also the perspective most

Kluyver, C. (2013). A primer on corporate governance (2nd ed.). New York, NY: Business Expert Press.

Cole, R. E. (2011). What really happened to Toyota? MIT Sloan Management Review, 52(4), 29-35. Retrieved from http://search.proquest.com.library.capella.edu/docview/875531966?accountid=27965

Toyota is the world’s largest car manufacturer beating out Volkswagen, BMW and Daimler. They had double digit gains in April of 2014 delivering an impressive 13.3 percent more automobiles than April of the previous year. Despite the recall debacle that happened, they have been able to hold the No. 1 spot this year (Le, 2014). Toyota has numerous comparative benefits over their competition. They have a solid working model that produces high margins, a strong international brand that is known for quality and a business model that permits them to produce multiple car models for a very low amount of money while doing it at a fast pace and producing the best quality.

Chapter 1 The Nature of Strategic Management Strategic Management: Concepts & Cases 14th Edition Fred David Copyright © 2013 Pearson Education, Inc. Publishing as Prentice Hall Ch 1 -1  Learning Outcomes 

It is arguable that Toyota’s ability to deliver on its ‘customer first, quality first’ policy is due to its organisational structure. Toyota’s organisational structure was based on a traditional Japanese business hierarchy in which the most senior executives. This centralised decision making system places the responsibility of all the decision processes solely on the most senior executives. This type of organisation structure is characterised by limited delegation of authority with all the information flowing downward. This structured was utilised within the global platform, which meant the production within American Toyota plants were heavily monitored by a Japanese counterpart. This was done in order to make sure that protocol was

Both Ford and GM completely abide by NYSE corporate governance standards, as they are domestic US companies. Ford and GM are required to strictly follow NYSE corporate governance standards. Toyota is permitted to follow certain corporate governance practices complying with Japanese laws and regulations, the NYSE has ruled that Toyota is exempt from certain NYSE corporate governance requirements. A significant difference in Toyota’s corporate governance structure is that the company currently does not have any directors that can be deemed as independent directors. Another major difference is that unlike domestic US companies Toyota is not required to have shareholder approval of equity compensation plans,

Toyota, one of the world 's leading car brands is known for its impeccable production quality and as a pioneer of the automotive industry. Becoming the largest producer of vehicles by surpassing General Motors in 2008, Toyota has become known for its strong business strategy, innovation and manufacturing prowess, priding themselves on quality and long lasting relationships with all they deal with, particularly suppliers. The intellectual capital of the business however was brought into question as their name began to become tarnished with an increasing number of reports of faulty equipment in a large amount of their cars, causing them to recall approximately 9 million cars by the end of the crisis as well as releasing a number of explanations and announcements as to what these issues were attributed to. This report delves into analysing and presenting information based on the case study, Toyota Crisis: Management Ignorance? to reach a logical conclusion for the benefit of the company.

The Toyota Corporation has a unique business philosophy, even in the hard times of the economy they stand up and out for their employees and their business processes. Toyota’s mission statement is "To attract and attain customers with high-valued products and services and the most satisfying ownership experience in America" (Toyota.com, 2011). They have exceeded in their mission to do this as well as in their vision to be the most successful and respected car company in America. In this document we will discussion in detail the business goals and objectives of the Toyota Corporation which fall under their philosophy also known as the “Toyota Way”. We will also explain our marketing

Toyota is a key player in global automotive market. Its structure constitutes if various production plants in different locations and a very strong branding which helps it capture a major market share. Like other enterprises, Toyota has several strengths and weakness which makes it what it is now. Toyota heavily invests in Research and development which helps it come up reputable product line which is spread out throughout the world because of its strengthening global distribution network however its recent product recalling, loose grip in key geographic areas and wrong allocation of resources shows that even a strong brand like Toyota has its weaknesses.

HToyota is a company with excellent strategic management and has since the last two decades rise to a level of dominance in the auto-motive industry. Toyota is headquartered in Tokyo, Japan and is the largest producers of automobile in Japan as well as the second largest in the world. Toyota has aimed in produce similar quality products as its competitors but at a lower cost which has been the basis of its strategy. Theories of strategies are continuously utilized by Toyota, which has lead the company to be the cost and strategy leader it is today. Strategy can be defined as, long term direction and scope of an organization in order to gain a competitive advantage. As such is ca be said that Toyota is operating with strategy at the core of the business which has helped the business to realize a competitive advantage in the industry. There are many theories of strategy utilized in the operation of Toyota such as Resource based theory, behavioural role theory as well as human capital theory.