The Effects of the Earquake in Japan Essay

Every business, from well-established organizations such as Microsoft to the small home based business that operates out of a basement is bound to experience operational setbacks from time to time. These setbacks can be both positive and negative interruptions of normal business flow. For example, an organization might experience a demand for a product at a rate not originally anticipated, generating more revenue than expected, but leaving the organization struggling to avoid back order. Organizations might find themselves victims of theft, or sabotage, and of course no organization is impervious to the consequences of operating in the natural world. Fires, floods, storms, power outages, and other variables beyond the control of the organization have the ability to bring an entire company to a halt.

Economic and development of any area is always and always will be interrupted by disasters big and small. These disasters can have a big impact on the economy by destroying businesses, homes, and damage property. As disaster pose a challenge to up and coming or existing developments or communities there are ways to possibly help damage and lose such as not building in a flood zone and moving to higher elevation. Disasters can have an effect on families to.

Natural disasters are a huge challenge for the planet because of the adverse effects that are associated with them. One of the major earthquakes to have shaken the earth is the Great Sendai Earthquake or Great Tōhoku Earthquake that occurred in 2011. The event started when a powerful earthquake hit the northeastern Japan on March 11, 2011, and resulted in a widespread damage on land. A series of massive tsunamis later devastated many parts of the coastal regions of the country with the worst affected being the Tohoku region. The tsunami further resulted in a major nuclear accident that damaged distant regions on a power station located along the coast. The economic effects of the tsunami qualify it as one of the major natural disasters because it affected Japan’s economic stability as the country ended up resorting to importing as an alternative to cover the loss.

create even more jobs for parts suppliers and service shops that cateur to japanese cars.

Before America, Japan was the main power in the Pacific. This was apparent until the United States defeated them with the dropping of the atomic bomb on Hiroshima and Nagasaki. Up until the late 1960’s, America was the most prominent and dominating manufacturer of the world. However in today's world, America is still an extremely powerful trading country, it has become more of a rentier country. China became the United States’ main outsource for manufacturing because it was exponentially easier and much more inexpensive. Before, America made most of everything in-country such as steel. However, with the United States recovering from the war, it was forced to outsource some of its manufacturing workload to other countries, mainly China. During the 1920’s and the 1930’s, the world was going through the Great Depression. America had struggled through this period of economic downfall. However, Japan emerged earlier than other countries because its economic success came from government deficits used to expand Japan’s heavy industry and military. Many other smaller Pacific nations saw Japan as an invincible power that no Western nation could overcome. Yet, after their war campaign against America, Japan was left crippled. Japan’s main supplier of oil, the United States, regulated trade with Japan do to their recent military actions. Left with no option, Japan

The wildfires will have an impact on scarce resources because many buildings and thousands of acres of trees have been burned to the ground. It not only hurts the land category, but it hurts labor and capital categories. Labor includes the physical actions and mental activities that people contribute to the production of goods and services. Capitol includes all factory, storage, transportation, and distribution facilities. The people affected by the disaster will begin to act in self-interest. Self-interest simply means that each economic unit tries to achieve its own particular goal. The wineries will try to rebuild fast in order to have tourists return and begin to make profits. People will try to find a place to live until their homes are rebuilt. Natural disasters can destroy factories and cripple supply chains. This means the market system must develop methods for assessing and managing risk. In most cases, people would have insurance to cover the risk of a natural disaster so it does not have to solely rely on out of pocket money.

A disaster can hurt the economy in two ways. It can reduce supply, that is, it

Natural disasters could have a major impact on the supply of labor for instance, a large quantity of employees could possibly leave the community and the population could see a decrease within the local labor supply. On the other hand, demand for labor or employees may rise if businesses try to fill with positions that are

What would your business due if a major catastrophe happened? This could be anything which disrupted your business. A flood comes through and damages your warehouse. A hacker attacks your main server and corrupts your client database. Your partner suddenly decides he no longer wants to be in business. All of these major events can disrupt or even close your business down.

Japan’s society and geography has endured many tragic events within the last two hundred years, two of which play and integral part in shaping its society and moving it forward. These two events are natural disasters involving earthquakes, and tsunamis —and in a particular instance, a mix of both. Through the circumstances the Japanese found themselves in after these disasters, they had to rebuild with proper collaboration and communication. In terms of the Great Kanto earthquake in 1923, communication was primarily through newspapers (Schencking 2013, 80). However, with the modern age came social media, and thus the Japanese communicated both during and after the earthquake and tsunami disaster known as 3/11 using social media. The day of and after 3/11, social

Since the end of World War II, Japan's economic strategy for growth was based on exports, that allowed the development of its powerful industrial sector. During the 1980s, Japanese automakers in particular were enjoying an unprecedented and largely unexpected period of prosperity. They managed to establish a successful domestic automobile industry and to gradually sell their products abroad. Thanks to their competitive advantage in producing cars with respect to foreign competitors, due to labor differences, technical efficiencies (lighter and fuel-efficient cars), better designs, and of

The purpose of this report is to examine if the reasoning behind well-known car manufacturer, Toyota’s loss of revenue and leading market position is alone as a result of extensive product recalls following a fatal crash of a Lexus ES 350 on August 28th 2009. The journal article, “Toyota Crisis: Management Issue?” (Yuanyuan Feng 2010) provides an outline of the key factors that triggered the 2009 Toyota crisis, and explores whether the fall in the company’s returns by 19% were caused purely as a result of the recall and safety concerns, or something much deeper.

In 2009 Toyota Motors (TM) posted a net loss of $4.6 billion ("Market watch," 2014). From 2009 to 2011 Toyota encountered a number of factors contributing to their economic downturn. It began with recalling millions of vehicles, for quality related problems, followed by natural disasters hitting northeastern Japan. These disasters wiped out Toyota’s production capabilities (Tabuchi & Vlasic, 2014). While these events were occurring, the cloud of the 2008 global financial crisis was still being felt. This crisis weakened demand in the automotive industry. This weakened demand increased the competitive landscape for all automotive manufactures. This drove down automotive prices and effectively contribution margins (i.e. sold less

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.

It has been created also a gap between Image and Vision. After the crisis Toyota's relationship with its main stakeholders (suppliers, national and international customers, employees, dealers and investors) was not so strong as before, because it was loosing its reputation. The investors and the suppliers were complaining because recalling million of vehicles, and the customers were disappointed because they were not receiving what they expected.