3-1 Milestone One Internal Environment Analysis
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Southern New Hampshire University *
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Course
530
Subject
Industrial Engineering
Date
Jan 9, 2024
Type
pptx
Pages
7
Uploaded by ChefMonkey1886
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Organization:
Toyota Motor Corporation
o
President/CEO
o
Akio Toyoda
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Headquarters
o
Honsha Plant in Aichi , Japan
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Industry
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Subsidiary industries include housing, financial services, communications, marine/biotechnology, robotics, and afforestation. Automotive is the primary.
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Competitors
o
include Ford Motor Company, Chrysler, Honda, Chevrolet and Volkswagen.
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Services
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Multinational Automotive Manufacturer
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Customer Base
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Private customers, governments, and corporations all across the world
o
Annual Revenue
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$274.98 Billion, a 14.74% increase year- over-year
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Annual Gross Profits
o
$37.00 Billion, a 110.21% increase year- over-year
Acquisition
and Mergers
Acquisition
of
Subaru 2012
Toyota's work with Subaru to jointly produce the Toyota 86 and Subaru BRZ sports automobiles is one example of a partnership. The collaboration began in 2012 and has continued with the introduction of additional models. This agreement allows both industries to share the costs of creating new cars while also using each other's design and engineering skills. As a consequence, Toyota has been able to expand its product selection with a popular sports vehicle, which has helped the company attract a new generation of customers to the brand.
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Acquisitio
n and Mergers
Acquisition
of
Mazda
-
Another scenario is Toyota's collaboration with Mazda to construct a $1.6 billion joint venture assembly factory in the United States. The factory, which began production in 2021, has a capacity of 300,000 automobiles per year, which will be distributed evenly among the two enterprises. This collaboration enables Toyota to increase its production capacity in the United States while reducing the risk of penalties or trade conflicts. It also allows Toyota and Mazda to work on the advancement of new technologies and infrastructure, which might also help the company's earnings
Overall, Toyota's earnings and market dominance have increased as a result of these collaborations, which have enabled the corporation to extend its product selection, decrease costs, and access emerging innovations and markets. Toyota has been able to remain competitive in an extremely competitive automobile industry by using the skills
Five-Year Goals
Maintain a focus on quality, durability, and reliability:
Toyota's mission statement emphasizes quality, durability, and reliability, and it is probable that the corporation will prioritize these characteristics in the design and manufacture of its cars in the future.
Expand its product lineup with more sustainable and innovative products: Toyota is likely to continue to prioritize the development of sustainable products, such as hybrid and electric vehicles, as it seeks to reduce its environmental impact and meet evolving customer demands.
Goal 3- Toyota's dedication to ongoing improvement predicts that the corporation will continue to spend on
improving its production processes and eliminating waste. This might include increasing the usage of renewable energy, improving its supply chain, and decreasing waste in its Improve its position in the expanding electric car market: Toyota is anticipated to continue investing in this market as demand for electric cars rises, both via the creation of new products and through collaborations with other businesses operating in Toyota's objective is "to provide safe and sound products and services that exceed customer expectations with a focus on quality, durability, and reliability.." Furthermore, the key principles of the organization are constant progress, respect for the individual, and contribution
to society. Toyota has set numerous targets for lowering its ecological footprint in its CSR policy, including lessening CO2 emissions from new cars, increasing the use of clean energy, and
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References
Other Toyota Businesses: https://global.toyota/en/company/profile/other-toyota-businesses
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Toyota and Mazda plan to build $1.6 billion US plant in joint venture: https://www.cnbc.com/2017/08/03/toyota-and-mazda-plan-to-build-1-point-6-billion-
us-plant-in-joint-venture-sources.html#:~:text=Toyota%20and%20Mazda%20announced%2
0plans,open%20the%20plant%20in%202021
.
Toyota Motor CorporationJapanese corporation: https://
www.britannica.com/topic/Toyota-Motor-Corporation
Toyota And Subaru Officially Confirm To Jointly Work On New 86 / BRZ: https://www.motor1.com/news/373218/toyota-subaru-confirm-86-brz
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Toyota Global Vision: https://global.toyota/en/company/vision-and-philosophy/global-vision
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