...Corporate governance Corporate governance: basic stance Honda considers corporate governance one of the most important management issues. We’re strengthening it on the basis of our fundamental corporate philosophy, aiming to have the global community—including our customers, shareholders and investors—place even greater trust in us as we strive to be a company society wants to exist. To ensure objective oversight of management, Honda appoints outside directors to its Board of Directors and outside auditors to its Board of Auditors. To strengthen its business execution system in each region and workplace, as well as enhance the supervisory function of the Board of Directors, Honda has introduced an Operating Officer System. To help its Board of Directors respond quickly to changing business environments, as well as to improve the flexibility of its decisionmaking process, Honda limits directors’ assignments to one year and Corporate Governance: Organization Board of Auditors: 5 Auditors (Outside Auditors: 3 Auditors) Business Ethics Committee: 6 Officers Compliance Officer Regional Sales Operations (Japan) Regional Operating Board Risk Management Officer Regional Operations (North/ Central America) Regional Operating Board determines their compensation in accordance with business results. Based on its fundamental corporate philosophy, Honda has refined its organizational structure. A general manager from the Board of Directors or an Operating Officer is now assigned to...
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...Honda A and Honda B (2 cases) * Which of the two descriptions seem closer to reality of the Honda’s successful expansion in USA? The two accounts of how Honda entered into the US market are very different; The Boston Consulting groups (BCG) report clearly shows a deliberate approach to Hondas strategy in penetrating the US motor cycle market. The report documented by Richard Pascale shows a clearly defined emergent strategy. The following study is to better understand the Key differences between these two accounts of Honda's entry into the US motorcycle market. The BCG report was requested by the British government to investigate why the UK motorcycle industry in the USA had declined since 1960. The report identified two main factors that led to the UK motorcycle industry dissolving in the US. 1. Market share loss. 2. Poor Manufacturing, technological and distribution techniques. The BCG report states that Hondas success in the US market was because of a clearly defined deliberate strategy. Hondas great success in its home country (Japan) had given Honda a highly competitive cost position to peruse other international markets. The increasing demand of Honda products in Japan led Honda to decrease the cost of out-put while increasing the level of out-put; Honda used this competitive advantage it penetrate the US market and gain a relatively high market share. The BCG report states that Honda entered the US and identified small bikes as their target market, this account...
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...History Atlas Honda Limited (AHL) is a joint venture between the Atlas Group and Honda Motor Co. Ltd., Japan. The company was created by the merger of Panjdarya Limited and Atlas Autos Ltd. in 1988. Both these motorcycle manufacturing concerns were established by the Atlas Group. In addition, a third concern, Atlas Epak Ltd. was taken over by the Government of Bangladesh in 1971 after the fall of Dhaka. AHL manufactures and markets Honda motorcycles in collaboration with Honda Motor Company. The Company also manufactures various hi-tech components in-house in collaboration with leading parts manufacturers like Showa Atsumitech, Nippon Denso and Toyo Denso. Honda motorcycles are by far the largest selling motorcycles in the country with an unmatched reputation for high quality, reliability and after-sales-service. Atlas Honda in Pakistan: Atlas has undertaken to develop local manufacturing capabilities to the highest, economically feasible level. While a major role in localization has been assigned to vendor industries, Atlas has the country’s largest in-house manufacturing capability at its Karachi and Sheikhupura plants. To support the production facilities, the company has established an R&D wing and tool making facilities through CDA & CAM, which are growing rapidly in size and function as the company expands. Atlas has managed to execute 14 Joint Venture/Technical Assistance Agreements between local vendors and foreign manufacturers for transfer of technology. Export ...
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... 2011 Articles One of the topics in the first assignment was a discussion on the decline of Honda and Toyota’s failure to dominate America’s sedan market. It was explained in the article entitled Honda Fails with Toyota to Dominate American Sedan Market: Cars from the website www.businessweek.com; that the dominance of the two major Japanese car makers among U.S. small car and family sedan car market is shifting. The Los Angeles Times has a similar article involving the same two auto makers: Toyota and Honda. The article is entitled Honda, Ford Pass Toyota; the Two Car Brands Rank at the Top of a Consumer Report Survey on Quality. The article was written by a Jerry Hirsch. Hirsch explains that Toyota has been toppled as the leading top-quality automaker, with consumers now looking more favorably on Honda and Ford; this he states is from the Consumer Reports ‘2011 Car Brand Perception Survey (2011, p.12). “A series of massive recalls over the past 18 months has tarnished Toyota’s reputations for quality” (Hirsch, 2011, p.12). According to Hirsch, the Consumer Reports survey ranked Honda first, Ford second, and Toyota finished third (2011, p. 13). Ford has moved up in public perception while Toyota has declined. The Ford brand has outsold Toyota’s line of vehicles last year for the first time since 2006 (Hirsch, 2011). The purpose of this research article was to report and explain to average consumers and businesses alike; that Toyota, a household name among many in...
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...Dichotomies, Honda Motors in De Wit & Meyer Company Overview: Honda Motor Company was established in 1948 in Japan, on the backdrop of 1 million (Yen) and 34 employees. Over the years the company has grown to become the world's largest engine, motorcycle and automobile manufacturers, with more than 178000 employees and stock holder equity of 4,544265 million Yen (Annual Report, 2008). Honda is the 5th largest automobile manufacturer in the world. Moreover, it recently surpassed Chrysler as the 4th largest automaker in the US. It is the 2nd largest Japanese automaker, behind Toyota and ahead of Nissan (Just Auto, 2008). In the early years, the Company was focused in manufacturing locally and serving its domestic market, after which it began exporting its products internationally. In 1982, it became the first Japanese automaker to setup a plant outside its domestic boundaries (Ohio, USA). Now it has established plants all over the world, covering bases such as North America, South America, Europe and Asia. In terms of Japanese automakers, it has the largest share of plants as a ratio of total business outside its domestic boundaries (Dicken, 2007). North America, with Unit Sales of 1850 (thousands) is the largest Market of the company, noted for the year ended 31 March 2008. In 1963, the company set up its first international motorcycles production plant, in Belgium. Honda currently produces motorcycles at 32 plants in 22 countries around the world. Honda established...
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...reviewing the 2010 income statement, Ford reported a full net income of $6.6 billion. It competitors, Honda reported a full net income of $6.88 billion and GMC a full net income of $6.17 billion. Even though GMC shares are higher, Ford showed higher earnings than GM. According to Ford’s 2010 annual report, the earnings per share increased by 80 cents a share from 2009 and that the net income is Ford’s highest in more than ten years (annual report). It would be beneficial for Ford management to investigate a variety of ways to increase interest among its internal and external stakeholders to purchase stocks which in turn will help to increase the overall net profit of the company. In looking at the balance sheet, Ford reported the most in liabilities and long term debt. However, Ford showed greater earnings assets than both Honda and GMC (Appendix B). Honda reported the lowest amount in liabilities and a significantly lower long term debt than Ford (Appendix B). Overall, GMC fared better than Ford on the balance sheet with the lowest long term debt and decreased liabilities (Appendix B). Ford clearly needs to address the costs incurred due to liabilities and address these issues. If not, it will be difficult for Ford to continue to show increased assets in the future. The cash flow sheet shows Ford and GMC operating with a negative net change in cash. (Appendix C). Honda was the only company in the black (Appendix C). All three companies incurred...
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...Defects Failed to be Reported by Honda Honda failed to report 1,729 incidents where the deployment of an air bag in one of its vehicles caused an injury or death. Honda blames the failure on “inadvertent” data entry and computer programming errors. Too, Honda said an independent audit of its records between 2003 and 2014 discovered and failure to provide an accurate incident reports to the National Highway Traffic Safety Administration (NHTSA). The issue at hand is the Takata air bag that NHTSA says has been installed in at least 5 million Hondas, as well as millions of vehicles made by other major auto manufacturers worldwide. Statistic reports at least five people have died and many were injured when Takata air bags sprayed them with shrapnel when they deployed during crashes. Honda, Takata’s biggest customer, has recalled 6.2 million cars with Takata air bags worldwide, and 4.1 million in humid regions of the United States. Instead of reporting all 2,873 claims of air-bag malfunctions over the 11-year period, the audit found that Honda told NHTSA only about claims that had been denied. The 1,729 it failed to report were those it paid and counted as warranty claims. One of the incidents involved a death. Takata has resisted the call for a nationwide recall, suggesting it should focus on more humid regions where replacement air bags are most needed. If the recall goes nationwide, it will be one of the largest in U.S. automotive history. Takata air bags are installed in 1...
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...Head to Head Comparison of the Honda Civic and Toyota Corolla Patrick Nolasco June 25, 2014 Audience: College Graduates Table of Contents Executive Summary 1 Introduction 2 Purpose, Scope and Methodology 2 Efficiency 3 Safety 4 Overall Cost 5 Conclusion 7 Recommendation 7 Works Cited 8 The 2014 Honda Civic The 2014 Toyota Corolla Executive Summary The following report compares and contrasts the 2014 versions of the Honda Civic and Toyota in various criteria with the focus in mind to be for college graduates. That means, it values efficiency and affordability over luxury and features. Out of college, graduates are usually dirt poor because of the vast amount of student loans. Some also even struggle to find jobs, but its important to be able to have self-transportation whenever possible. So, because of the financial status college graduates are in, its important to note that this report was based on lower costing cars like the Civic and Corolla, while also maintaining a standard of safety and professionalism. By aggregating information from various automobile evaluation outlets and also information directly from the manufacturers’ websites, I was able to observe accurate depictions of what each car has to offer. In the report I reviewed gas efficiency, safety, and lastly overall cost. Each of the media outlets I looked at, even the cars websites themselves offered a fair amount of information that added up and was consistent. After reading...
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...In October 1946, Soichiro Honda established the Honda Technical Research Institute in Hamamatsu, Japan, to develop and produce small 2-cycle motorbike engines. Two years later, Honda Motor Company, Ltd. was born, and in 1959 Honda opened its first storefront in Los Angeles with six industrious employees. The history of the Honda Motor Company began with an autophile and his dream. Japanese entrepreneur Soichiro Honda had loved motor vehicles almost since birth. When he was fifteen, he became part of an auto repair shop, and the passion grew. His greatest dream was to become a world-renowned car racer, and it was an ambition which he would fulfill in time. But first, the auto lover found himself employed as a technician. During his free time, he nurtured his growing interest in motor vehicles by building race cars and tooling with his Harley motorcycle. Honda possessed a natural talent for anything motorized, and his skills allowed him to open the doors of his very own repair shop in 1928. As his curiosity grew, he attended technical school in order to discover the perfect way to manufacture a piston ring. Honda combined his inborn knowledge with his new technical knowledge to take the first tentative steps toward entrepreneurial success. He utilized what he had learned about piston rings to form the Tokai Seiki Company. In 1928, he secured his first of many patents (for automobile wheel spokes). Then, as World War II ravaged Japan, Honda cornered the market on badly needed generator...
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...we buy them over the Toyota, Honda other foreign makes because they are American Cars. The paper compares the differences and how the foreign cars stacks up and discusses about some fallacies argument like "you buy American car and help create more jobs". During my research I came across many controversial article over American makes being better than foreign makes. While we all have our personal opinion and are biased on different automakers , I wanted to find an article where I could establish my argument against the author statement . (Newman R. 2009) published an article on USNews.com " 5 Reasons to Buy an American Car" and their their quality are better and now rivals the best from foreign makes like Japan. Newna R. is referring to car built by General Motors and Chrysler and comparing with the foreign cars by built by Toyota and Honda. Here the Newman R. is backing up his information by using reliable and credited sources like the J.D Power and Associates and Consumers Report, however the data he is referring to is outdated, hence lacks the validity and credibility. The recent study and survey done by J.D Power & Associates shows that the Japanese automakers like Lexus, Toyota and Honda are still leading the pack and have among the best or above average reliability versus the average or below average reliability for the General Motors , Ford and Chiseler all representing American automakers. Now we refer to consumer report , which is another source that...
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...Markets 3.5 Positioning 3.6 Strategies 3.7 Marketing Mix 3.8 Marketing Research 4.0 Controls 4.1 Implementation 4.2 Marketing Organization 4.3 Contingency Planning 5.0 Conclusion 1.0 Executive Summary Smith’s Cruise Controls is a new company that offers programmable cruise controls on Honda vehicles, starting with the Civic in 2012. The Civic was chosen because they offer a hybrid model and is already gas efficient and is the most popular model sold by Honda. The programmable cruise control will allow the driver to set two different speeds that will stay programmed after the vehicle has been shut off and back on again. This allows the average commuter to not have to continue to change the speed as their travel requires them to do so. This option will also allow the driver to save on gas mileage, which is a concern with consumers. Although there are cruise controls available today, Smith’s programmable cruise control allows the driver to set two different speeds to alternate between as they are driving. Current cruise control only offers one speed setting and resets each time the vehicle is restarted. Smith’s Cruise Controls will develop its company by expanding into other Honda models, including Acura models. Smith’s Cruise Controls will also have a website that is accessible to consumers to answer any questions about the product, by providing a description of the product and frequently asked questions. The website will also include the information that shows...
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...CUSTOMERS SATISFACTION TOWARDS HONDA ACTIVA -A STUDY WITH SPECIAL REFERENCE TO NILAMBUR The Project Report Submitted to the partial fulfillment of B.com Degree Programme (CCSS 2009 Admission) By ABDUL SHAMEER. P AZAJBCM018 DEPARTMENT OF COMMERCE AMAL COLLEGE OF ADVANCED STUDIES, NILAMBUR 2012 DEPARTMETN OF COMMERCE AMAL COLLEGE OF ADVANCED STUDIES MYLADI, ERANHIMANGAD PO, NILAMBUR 679393 Certificate This is to certify that Mr. Abdul Shameer. P (Reg No AZAJBCM018), a student of sixth semester B.com Degree Programme has undertaken a project survey on Customer satisfaction towards Honda Activa under the supervision of Mr Abbas Vattoli, Assistant Professor, Department of Commerce, Amal College Nilambur from 12/12/2011 to 05/03/2012. The project work entitled “CUSTOMERS SATISFACTION TOWARDS HONDA ACTIVA -A STUDY WITH SPECIAL REFERENCE TO NILAMBUR” embodies the original work done by Mr Abdul shameer P during his above project period During the period his conduct was good and we wish him all success for his promising future. For Department of Commerce Dhanya. KA HOD of Commerce Amal College of Advanced Studies, Nilambur ACKNOWLEDGEMENT This Project Report entitled “CUSTOMERS SATISFACTION TOWARDS HONDA ACTIVA -A STUDY WITH SPECIAL REFERENCE TO NILAMBUR” has been prepared by me and I had under taken project survey under the supervision of Mr Abbas vattoli, Assistant Professor...
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...partnership development. This paper focuses on the Sony Coroporation, and Honda . The total management program has helped both companies to thrive and succeed. Sony Coroporation is trying out a new quality management system. At Sony, the company is trying to improve the quality of the products and services. Sony is working hard on improving products as a whole and countines to improve the safety of them as well. The company will benefit from a quality management program by providing quicker reaponses to customer's product issues and concerns ("Sony", 2013). By implementing a TQM program , this will stregthen the relationship between the customers and Sony. Sony will review the customers feedback so that the company can better serve the consumer and the quality of the products. Sony sell products such as Blu-ray Disc recorders and players("Sony", 2013). By utilizing the customers feedback on the products to the customers complaints. Sony Coroporation is striving for improving the quality, safety and long-term reliabilty of the products. Honda is known for the quality of their products. Honda implementing the (G-HOS) which menas Global Honda Quality Standards. The effect of quality management program at Honda is major. Honda strives for 120% of product quality. Honda first implemented the G-HOS in April of 2005 ("Honda", 2014). The company wanted to prvent previous issues recurring again. Honda name brand products made and sold to the consumer. By enhancing the quality...
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...for service, Honda Motor Co., LTD for Manufacturing, and Starbucks Coffee for retail. Team C will calculate and explain the current ratio, quick ratio, net profit margin, asset utilization, and financial leverage. Team C will also discuss the DuPont Method. An analysis of the differences in the industries, the various conventions and how they affect these organizations, ISAB basis for accounting (IFRS) and FASB or GAAP accounting principles, the strategies for working capital for all three organizations, and analyzing the financial ratios and interpreting what they mean for each organization as well as future forecasts. Financial Statement Interpretation Differences in the Industries CVS Health operates in two segments: Pharmacy Services and Pharmacy Retail. While Pharmacy Retail may be what it is most widely known for, it is Pharmacy Services that is the most profitable segment for the health company. The Pharmacy Services division serves primarily employers, the managed care plan for Medicaid, and pharmaceutical contracts. CVS Health, the most integrated pharmacy chain in the United States, includes nearly 8,000 drugstores and over 1,000 clinics. Additionally, CVS Health has expanded their reach in both these fronts with the acquisition of Omnicare and Target locations, and the integration of their innovative Minute Clinics. Honda Motor Company, LTD produces and manufactures an array of motor products (Reuters, 2016). There are four segments to Honda: motorcycles...
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... 4. Develop suppliers’ technical capabilities 3. Supervise your suppliers 2. Turn supplier rivalry into opportunity 1. Understand how your suppliers work 1. Understand how your suppliers work Learn about suppliers’ business Go see how suppliers work Respect suppliers capabilities Commit to Co- Prosperity Example: Honda engineer spent 12 months ATD-implemented changes ATD showed Honda their financials Honda referred ATD to its other suppliers ATD’s business rose steadily 2. Turn suppliers rivalry to opportunity Source each component from two or three vendors. Create compatible production philosophies and systems Set up joint ventures with existing suppliers to transfer knowledge and maintain control Example: Johnson Controls 40%, Toyota 20%, == Joint venture between car seat suppliers Araco auto parts 40% 3. Supervise your suppliers Send monthly report cards to core suppliers. Provide...
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