...SWOTT Analysis Introduction Westinghouse Air Brake Company (WABCO) is an organization that manufactures and sells railway brake systems. George Westinghouse is responsible for creating the railway air brake which most train systems have installed today. The railway air brake uses compressed air pressure to regulate, release, and apply a trains brakes. As the company grew, WABCO continued providing break systems for railways, as well as freight and transit vehicles. Westinghouse Air Brake Company can use their innovation and experience to start a new division in the United States’ Automobile Electronics Manufacturing industry. This SWOTT analysis will help us understand where WABCO has succeeded, falling short, threats they face, and trends to come in the industry. As well, the SWOTT show us how the new division that is being propose will catapult the organization into more success in the future. There are several external and internal factors that affect overall performance in the company. Some factors are negative and need to be fixed while other are proving to be consistent benefits. The economy and industry is always changing. It is important to initiate a company SWOTT analysis and even more vital that we take the right steps to improve upon it year after year. External Forces and Trends WABCO faces many external forces in there industry and to remain competitive they must be aware as well as react. the company used to be a machine for innovation with the creation of...
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...Automobile Toyota Industries develops and manufactures automobiles and automobile-related products, such as vehicles, engines, car air-conditioning compressors, car electronics components and devices, and stamping dies. In the vehicle and engine businesses we have achieved a top-class level of quality and productivity within the Toyota Group and are contributing to Toyota Motor Corporation's car production. The car air-conditioning compressor business uses its unsurpassed technological development capabilities to develop and manufacture products of superior quality that have won extensive acclaim from Toyota Motor Corporation and other major automakers from around the world. In addition, we are developing and producing car electronics components and devices such as DC-DC converters for hybrid vehicles and are also manufacturing stamping dies mainly for automobiles. The automobile business has adopted the themes of "safety" and "the environment" and is promoting manufacturing that fully supports the customer's use and enjoyment of their vehicles. Vehicles In the past Toyota Industries manufactured the Starlet, a compact car, for Toyota Motor Corporation. Since 1999 we have engaged in the production of the Vitz (Yaris) the successor vehicle of the Starlet. The Vitz, Toyota's global strategic small car, incorporates an environmentally friendly approach by achieving outstanding fuel economy. In addition to the Vitz, we started producing the RAV4 in 2001 and the Mark X ZiO in...
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...Case: R & D Electronics Company (Case adapted from: Heitger, L.E. and Heitger, D.L. (2008)., Issues in Accounting Education, 23(2), 261-272.) The Automotive Electronic Industry R & D Electronics Company is an established manufacturer and has been designing, manufacturing, and supplying electrical supplies in various forms to the automotive industry. The worldwide market for semiconductors in the automotive electronics industry exceeds $10 billion. In addition, wireless data delivery – currently is estimated to be a $20 billion industry, and experts predict that soon 50 percent of all new cars and 90 percent of higherend models will possess telematic-capable devices. Further, many experts estimate that 30 to 40 percent of the production value of all automobiles consist of electrical products. R & D Electronics historically has invested heavily in researching and developing auto-motive electronic technology in order to provide customers with state-of-the-art functionality, safety, and performance. R&D Electronics continues its heavy investment in this research and development arena because the resulting product features quickly devolve from being “cutting edge” features that create a competitive advantage to commodities that customers regard as standard features on all automobiles. R&D Electronics has continued to upgrade its research and development and manufacturing abilities to keep pace with changing technologies. For instance, R&D Electronics designs, produces, and installs...
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...purposes of this analysis the US auto industry includes competitors, buyers, suppliers and stakeholders. Competitors are defined as automobile manufacturers that sell new, light vehicles which consist of cars, trucks, sport utility vehicles and cross-overs. Buyers are defined as consumers, including firms that make bulk purchases (delivery, taxi or rental car companies). Suppliers are defined as vendors of raw materials (metals) and other differentiated parts (electronics or other automotive parts). Stakeholders are defined as US government agencies. Market values and units sold are year to date references for the third quarter ended 2010 that have been calculated by Dow Jones & Co., Inc. and obtained through the Wall Street Journal. Introduction The US automobile industry has suffered greatly due to financial difficulty in the recent years. Increasing unemployment (U.S. Bureau of Labor Statistics) has left consumers cost sensitive and demand for new auto sales has declined significantly over the past few years. Consequently, some manufacturers and suppliers have filed bankruptcy and others have had to restructure to remain in business. There are a few manufacturing firms that dominate the industry and entrance barriers are high. Additionally, high overhead costs create exit barriers. As a result, automobile manufacturers and suppliers will continue their efforts to maintain their share of the market and this analysis will prove that the US automobile industry will continue to...
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...type in domestic and global markets. The following paper analyzes the effects of changes in the automotive industry and how regulations held by the government control the financial and consumer aspects this industry maintains domestically and globally. A Company Emergence in Market Mergers and Globalization Functioning as an evolving market, automotive firms all the world find innovative ways to appease customers by offering the multitude of vehicles meeting consumer needs. New companies entering the automotive industry are competitive businesses exploring ways to expand professionally through vertical mergers. “The automotive industry is literally built on the concept of vertical integration – that is, one company owning both the manufacturing and as much of the supply chain that leads to the factory floor as possible,”(Gorzelany, 2014.) For instance, currently Tesla Motors in building a $5 million dollar “giga-factory” to power its electric vehicles with half of its investment coming from Panasonic, Tesla’s partner in this vertical merger. Panasonic is a successful battery company Tesla Motors depends on for batteries to run its electric vehicles. Tesla hopes to lower the cost of its vehicles energy source by at least 30 percent, and also help develop a smarter battery technology in the process. Of course, the ultimate goal of most cars businesses is to become a part of the global market. Globalization “is the increasing integration of economies,...
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...electric vehicle manufacturing industry.2 This report will extensively discuss the five competitive forces that influence HEV and EV manufacturing industry and how Tesla should evolve their business strategy to account for these industry forces.3 The HEV and EV manufacturing industry solely includes firms within the United States for the purposes of this report. The industry manufactures automobiles that utilize electric motors for compulsion, as opposed to traditional gas powered automobiles. It is an emerging industry currently in the growth stage. The industry is highly concentrated with just three major players, Toyota Motor Corporation, Ford, and Honda Motor Company Ltd. The industry is profitable and expected to grow another 6.3% annually the next five years.4 In this industry the threat of new entrants is weak for a variety of reasons. First, expensive and expansive manufacturing plants are utilized by all major firms in this industry, enabling leaders to produce larger volumes of HEVs and EVs than their competitors with fewer manufacturing resources. Considering firms in this industry produce relatively large volumes at lower costs, supply-side economies of scale deters the threat of new entrants. Second, capital intensity in this industry is high, these enormous capital requirements to enter the industry also deters the threat of new entrants.4 Third, major firms in the industry have incumbency advantage due to strong reputations for manufacturing safe vehicles. Consumers...
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...“Internal and External environmental audit” of the automobile industry in the UK using PESTEL and SWOT frameworks. Britain’s automobile industry dates back to the late 19th century, when Daimler began manufacturing cars. Today, the UK is a major automobile and automobile part manufacturing hub and home to seven major car manufacturers. It produces a wide range of standard specification, premium and specialist vehicles, including Formula One cars and sports vehicles. An analysis of the industry using the PESTEL (Political, Economic, Social, Technological, Environmental and Legal) framework is carried out below: Political: The automotive industry has always received political support on account of several factors such as employment potential, export earnings and membership of the European Union. The Government has signed free trade deals with Singapore and also benefits from the EU-South Korea trade agreement. The UK is increasing exports to emerging economies in order to boost exports. This has attracted new foreign investment to the tune of GBP 6 billion from BMW, Jaguar Land Rover, Nissan, Ford and others. UK-manufactured cars sold within the EU are exempt from customs tariffs and are therefore cheaper. Economic: The UK is now the second largest car producer in the world after Germany. It exports 25 per cent of the cars it manufactures and provides 730,000 jobs. In terms of value, automobile exports stand at a staggering GBP 27 billion, helping to reduce Britain’s large...
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...me, it is read in English with the name, Bavarian Motor Works. Yes, here we are to analyze the marketing strategies followed by this beautiful car selling company but before that lets hunt what is its past.. Ready people??? A German automobile, motorcycle and engine manufacturing company, BMW!! It was founded in 1916 by Franz Joseph Popp in Germany restructuring a Rapp Motorenwerke aircraft manufacturing firm. Owing to the terms of Versailles Armistice Treaty after the end of World War I in 1918, BMW has had to stop producing the aircraft engine and so it sliced its world of manufacturing into the motorcycles and automobiles. The first car which BMW successfully produced and the car which launched BMW on the road to automobile production was the Dixie, it was based on the Austin 7 and licensed from the Austin Motor Company in Birmingham, England. Since then there was no stopping for the productions and giving a feast to the eyes of the world for their newer and newest beautiful productions as well. How was this company so successful?? This is the most common question one would have when he/she get to listen about the company because the doubts are genuine that how could such a company producing such a costly automobiles into the market and throwing on the world to buy and even there were great sales for the company as well. Yes, the answer is very simple. People would love to be in the car. People love to travel in the car!! Love towards this car not...
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...Toyota Industries Corporation Company Profile Publication Date: 6 Mar 2009 www.datamonitor.com Datamonitor USA 245 5th Avenue 4th Floor New York, NY 10016 USA t:+1 212 686 7400 f:+1 212 686 2626 e:usinfo@datamonitor.com Datamonitor Europe Charles House 108-110 Finchley Road London NW3 5JJ United Kingdom t:+44 20 7675 7000 f:+44 20 7675 7500 e:eurinfo@datamonitor.com Datamonitor Germany Kastor & Pollux Platz der Einheit 1 60327 Frankfurt Deutschland t:+49 69 9754 4517 f:+49 69 9754 4900 e:deinfo@datamonitor.com Datamonitor Hong Kong 2802-2803 Admiralty Centre Tower 1 18 Harcourt Road Hong Kong t:+852 2520 1177 f:+852 2520 1165 e:hkinfo@datamonitor.com Toyota Industries Corporation ABOUT DATAMONITOR Datamonitor is a leading business information company specializing in industry analysis. Through its proprietary databases and wealth of expertise, Datamonitor provides clients with unbiased expert analysis and in depth forecasts for six industry sectors: Healthcare, Technology, Automotive, Energy, Consumer Markets, and Financial Services. The company also advises clients on the impact that new technology and eCommerce will have on their businesses. Datamonitor maintains its headquarters in London, and regional offices in New York, Frankfurt, and Hong Kong. The company serves the world's largest 5000 companies. Datamonitor's premium reports are based on primary research with industry panels and consumers. We gather information on market segmentation, market growth and...
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...Component Manufacturers Association of India Role An apex agency of the Indian Automotive Industry auto component output in the organized sector 600+ companies forming majority of the Members Quality System ACMA operates on Quality System based on ISO 9001:2000 As Automotive Component Manufacturers Association of India in the year 1982 Re-Christened Inception In the year 1959 as The All India Automobile & Ancillary Industries Association (AIA & AIA) 3 ACMA and Its Services Promotes Indian Automotive Component Industry Trade Promotion Technology Up-gradation Quality Enhancement Collection & Dissemination of Information Vital Catalyst for Industrial Development 4 International Business Development Promote India Promote India as a Brand as a Brand Organize Business Organize Business Development Delegation Development Delegation Overseas Overseas Undertake Export Undertake Export Promotional Promotional Projects Projects Organize Participation Organize Participation in Overseas in Overseas Automobile Automobile Exhibitions & Fairs Exhibitions & Fairs Global Interaction Global Interaction through through Counterpart Association Counterpart Association Facilitate potential Facilitate potential Business Partnership of Business Partnership of JV / Strategic Alliance JV / Strategic Alliance Organize Private Organize Private Exhibitions & Exhibitions & Suppliers Conference Suppliers Conference Providing Providing International...
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...OPERATIONS AND PROJECT MANAGEMENT OPERATIONS AND PROJECT MANAGEMENT OPERATIONS AND PROJECT MANAGEMENT OPERATIONS AND PROJECT MANAGEMENT OPERATIONS AND PROJECT MANAGEMENT www.ibscdc.org 1 Efficient Project Management at TransWorks Information Services Pvt. Ltd., an Indian-based BPO Company This is a real life case taken from a service industry; it discusses the real life problem faced by a BPO Company. It focusess on the problems faced by the calling agents and the management as a whole, many a times it so happens that the management perceives a problem in a different angle and the solution eludes them; this causes a lot of frustration on the part of employees and management resulting in mass attrition. The real concern today for any call centre company is its high attrition rate; the basic reason being the discord between the management and the employee. The employees look out for a congenial and empathetic management and shift to the other competing companies when offered a good work environment. This case study throws light on one such aspect where a mass attrition was avoided by the top management by strategic and lateral thinking. Pedagogical Objectives • How a manager dealt with such a challenging project with support of his team of 14 fresh trainees • How he managed to save the project and bring about some wonderful changes to glide through the difficult times • How innovation and teamwork can change things for an organisation. Industry Reference No. Year of...
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...The Future of the Automobile Industry Diala Albirini, Karen DuBois, Missy Habig, Craig Naugle The Future of the Automobile Industry Industry Scope When we first started organizing our thoughts on what to focus on within the automobile industry we found ourselves drawn to the population size and safety features (safety for individuals and for environment). We stimulated our strategic thinking by asking the following questions: What will the automobile industry at large look like in 2025? What trends/shifts will shape mobility in the years to come? What will drive the success of future winners? We quickly realized that our project scope needed to be broader to cover all of the megatrends we indentified and address them as it pertains to specific geographic regions of the world. Cars being mass produced on the assembly line will be a thing of the past. The commercials today for Buick of not ‘driving your father’s Buick’ will even be more pronounced in 2025. In fact, my father would have thought he was living in a science fiction movie! The mantra of ‘have it your way’ will become the mission statement of the automobile industry – both from a consumer and an employee perspective…if they want to remain successful in the industry. Our results? The automobile industry will remain a capital-intensive business model and thus limited in terms of its margin growth. However, over the next fifteen years the automobile industry will remain an exciting place. The industry’s center of...
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...Toyopet Crown Sedans and only one Land Cruiser. Below pictures is the sample of Toyota vehicles during in year 1958. Toyopet Crown Sedans, 1958 Land Cruiser, 1958 Due to the improvement Toyota Motor Sales, USA, Inc. was established on October 31, 1957. The first Toyota retail dealership was opened on October 31, 1957 in Hollywood, CA and it was called Toyota Motor Sales, USA, Inc. However in year 1961 Toyopet sales stalled and were discontinued because a sturdy vehicle with quality features and room to spare was woefully underpowered and overpriced for the American market (Toyota USA Newsroom, 2013). Where the legendary Land Cruiser able to quickly gained a good reputation as a durable, all-terrain vehicle, and achieve in US until 1965 until the Toyota Corona arrived. Corona is the first demand vehicle of Toyota in America. In year 1972, Toyota has sold out more than one millionth vehicle. During in year 1982 Toyota celebrated the 25th anniversary in America as Toyota opened a new national sales headquarters complex that it occupies today in Torrance, Calif (Toyota USA Newsroom, 2013). After few year later Toyota become the first import automaker to sell more than one million vehicles in America in a single year for example the sales has 1,025,305 cars and trucks as well. Nevertheless Toyota continues grew thus Toyota sought larger roles in communities across the nation and in year 1987 commemorate the company’s 30th anniversary in America. Toyota established...
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...major industrial sectors in India is the automobile sector. Subsequent to the liberalization, the automobile sector has been aptly described as the sunrise sector of the Indian economy as this sector has witnessed tremendous growth. Automobile Industry was delicensed in July 1991 with the announcement of the New Industrial Policy. The passenger car industry was, however, delicensed in 1993. No industrial licence is required for setting up of any unit for manufacture of automobiles except in some special cases. The norms for Foreign Investment and import of technology have also been progressively liberalized over the years for manufacture of vehicles including passenger cars in order to make this sector globally competitive. At present 100% Foreign Direct Investment (FDI) is permissible under automatic route in this sector including passenger car segment. The import of technology/technological upgradation on the royalty payment of 5% without any duration limit and lump sum payment of USD 2 million is also allowed under automatic route in this sector. With the gradual liberalization of the automobile sector since 1991, the number of manufacturing facilities in India has grown progressively. The cumulative production of automobile for April-December 2011 registered a growth of 14.94 per cent over same period in 2010. Production in December 2011 increased by 10.91 per cent year-on-year. Automotive Industry comprises of automobile and auto component sectors and is one...
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...Executive Summary This report provides a strategic analysis on Tesla. The findings consist of an Internal and External analysis of the Automotive Industry focusing mainly on the UK, a resource based view and value chain analysis of Tesla, an analysis of two PR crises and to conclude an evaluation of Tesla’s strategies. 1. External Analysis The main findings from a PESTLE analysis found that legal and technological factors had the most significant affect on the UK automotive industry. In particular UK laws that enforce vehicle CO2 emission standards are forcing manufacturers to produce more eco-friendly cars. In addition, fast changing technology is increasing innovation and creating new market segments such as the Electronic Vehicle. The main findings from a Porters 5 Forces Analysis shows: The threat of new entrants is low, the risk of substitutes is low, the buyer bargaining power is high, supplier bargaining power is moderate and the intensity of rivalry is high. This concludes that the industry is still attractive and profitable for those who are already in it. 2. Internal Analysis An internal analysis of Tesla showed that their man competitive advantage comes from their vast amount of intellectual property and infrastructure. Tesla also has large amounts of capital being invested into the company to further boost production and innovation. 3. PR Crises The two examples of PR crises found that Tesla is a company who take CSR and brand reputation seriously. They are...
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