Running Head: MARKETING PLAN FOR TOYOTA MOTOR COMPANY
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1.0 Company Description The Toyota Company is a leader in the car manufacture, assembly and distribution the world over. A very efficient management style that the company uses has been one of the reasons for the firm’s good performance. There are many other salient factors that have made the company achieve the niche of market leader. The market structure the company operates in can not be definitely stated. Some may consider it to be a monopoly. This is due to the fact that the company is a dominant market player in car exportation. In fact, its differentiation strategy has made it enjoy an almost monopolistic presence
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Figure 1: SWOT Analysis of Toyota Company (Internal Factors)
|Internal Factors |Strengths |Weaknesses |
|Management |Having competent and experienced management |Large size of management team reduces chances |
| |team and board members |of moving fast into the targeted market, |
| | |because of slow rate in decision making |
|Offering |Hybrid products that are customer friendly |Expensive in proofing the market that are right|
| | |products for them |
|Marketing |Distribution of products into the market |Expensive in establishing this distribution |
| |through wide range of identified branches |network |
|Personnel |Have good skilled workforce who are relied upon|The
innovative products but functional products because it offers great variety and low profit margins. In
Toyota is one the most storied companies in the world today, an aspect that has led to it drawing the attention of researchers, journalists and executives who are seeking to benchmark its production system that is extremely famous across the world. This is influenced by the company’s ability to outperform its competitors in terms of cost reduction, reliability, quality and market capitalization. This was exhibited by the company’s ability to replace Daimler Chyrsler as the third largest car company in North America in 2005 in terms of both sales and production.
2. Stable and broad market for products with product-line of small items, eliminating companies with dependence on few customers.
Some of the strengths Ford has with the F-150 series is that the truck has been America’s top seller for the past 36 years, the fact that the truck outsells all of its competitors, it has the best fuel economy with the V6 Ecoboost engine, and the truck has the best towing and payload capacity compared to its competitors. Weaknesses that Ford has with the F-150 series would be that it is not American made, like many people believe it to be. The truck is actually made in Mexico. The model of truck has no diesel version, global sales declining, and the fact that ford hasn’t utilized foreign markets as much as its competitors. Opportunities include moving to more of a green initiative with the vehicles including the truck, the chance to possible design a diesel model for the truck line, increasing fuel prices, and possibly expanding the truck line further. Threats include decreasing fuel prices, the price of materials to make the truck increase, loyal customers switching to different brands like Chevy, Dodge, or GMC, and the electric car industry.
General Motors has always had a reputation of diluted products. They had many vehicle lines with many differend brands. This idea was to offer a product that appealed to many different target markets. They have since simplified their product lines by selling off certain brands. Oldsmobile, Saturn, Saab, Hummer, and Pontiac have been disbanded and the new General Motors is a tighter more organized business as a result. Cadillac and Buick have seen steady growth within their sector and have been marketed very well to date. Cadillac is seen as prestigue symbol and has a larger pricetag than any of the other models. Buick is showing phenominal growth with an introduction of new products that is taking the focus of
This study was taken for the Ford Motors, in order to find how marketing operations are carried out within the organisation. The recent changes in the environment due to recession, and government regulations (low emission cars/ hybrid cars) prompted the researcher to find the impact of these factors on marketing strategy of Ford Motors. As mentioned in the introductory part of this
The network is extremely complex to operate and manage. Toyota’s size enables it to maintain control over the logistics network by partnering with Third party logistics companies. The logistics partners provide a dedicated fleet of trucks and drivers to operate Toyota’s logistics network. In addition, the entities in the network work closely with Toyota to design and plan routes. The shared transportation enables suppliers to receive small orders without increasing transportation costs.
Automobile industry is a faster growing industry nowadays than any other industry. Most car manufacturers face the challenge of providing the best quality products to remain competitive to retain or regain market share during this tough economic times. Every organization has the opportunity to make more profit than their competitors do by improving delivery method and its impact on the company’s turnover. Toyota Corporation has implemented different plans and techniques to remain competitive and make profit. One of the innovative plans Toyota Corp. created is the Prius. The Prius brought about a major revolution in car manufacturing industry, and opened a place in the market
Throughout evaluation surveys by the consumers, Toyota has always configured the customers love their product because they deliver the reliability in their cars. Even after taking a setback like recalls on some of Toyota’s products, there still has been no hindrance in its sales and it has come back to after fixing all the glitches. Another reason behind Toyota success is that is focused on achieving a long-term business of their customer and it is also committed to delivering the best for the environment. Further in this paper will be discussed the specific primary and secondary markets Toyota targets and also what groups are targeted the most.
The overlying mission of The Toyota Motor Corporation is to "develop and provide innovative, safe and outstanding high quality products and services that meet a wide variety of customers ' demands to enrich the lives of people around the world" (TMC, 2006). In order to ensure that each and every segment of TMC excels in this mission, a number of principles and philosophies have been outlined in order to meet the corporation objectives in the most beneficial manner,
The push for green cars comes from people looking for ways to lessen their impact on the environment and become less dependent on oil. The research into alternative and more efficient energy is ongoing, but there is technology available for those who are willing to help. At the individual level, personal automobiles are one of the easiest ways for people to help with the movement. As more people are becoming informed and taking action, companies are feeling pressure from the government and customers to make changes. The change process has been relatively slow and not all countries feel passionate about making changes. In Greece, the change has been slow to sell more green cars. Our consulting group has been assigned
The first part of this essay is antecedent in that it provides a treatment on the Malaysian automobile market. The key topics covered here are the market history, market segments, market performance, market players, market structure and the behaviors of competing firms. The second part of this essay rationalizes the effects of the factors
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.
This assignment gives the overview of the Toyota and Volkswagen. It also explains about their supply chain relationship of those manufacturers. It also gives the advantages and disadvantages of those companies. I have also compared the strategies of Toyota and Volkswagen. I have collected some details regarding the future scope and threats for both the manufacturers. I have given some general statistics of both the companies. Then I have given some future strategies of those concerns.