...pollutants emitted from fuel inefficient cars (carbon tax) is the idea that these taxes will reduce economic growth. From the economist’s perspective, policies that increase the price of energy, due to increased fuel consumption by large and fuel inefficient cars, makes the United States less economically competitive internationally and less efficient domestically. According to the Institute for Energy Research, a non-profit organization that conducts research on global energy markets, explains that if the United States adopts carbon tax then our country would be, “…more than $21 trillion poorer than if...
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...fuel-efficient vehicle, the Prius. The project is made to be a shift for Toyota; yet developing the prototype has represented a large cost for the company since the technology needed to be created from scratch. Toyota has been recently criticized for producing non-innovative, look-alike models, not attractive for young new customers. Despite that Toyota Motor Company has registered an increase in its net sales; the profit margins have substantially fallen for the past 5 years. Toyota has seen its profit margin fall from 4.8% to 1.3%. Toyota needs to move fast to revert this tendency. Taking into account the bargaining power of customers and suppliers, the positioning of the different competitors and substitutes and the risk of new entrants, one could say that delaying the Prius would represent a potential loss for the company of establishing before its competitors a new market, different from the traditional automobile industry (Exhibit A). It is recommended that Toyota continue to pursue the development and production of a hybrid fuel-efficient vehicle to be put in the market as early as 1997. Analysis: The automotive industry is facing new challenges regarding customers being more environmentally concerned and sensitive towards fluctuations in the prices of gas. This potential market segment would be interested in a hybrid powertrain such as the one being developed by Toyota. The company has a longstanding history of producing efficient, reliable and valuable cars. Toyota...
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...Procedures Used 2 Why Should the company go green List of green vehicles Reasons for going green Employee Reaction to Going Green Benefits to Going Green 2 Benefits to the business 3 Benefits to the Community 3 Benefits to the Employees 3 Summary, Conclusions, and Recommendations 7 REFERENCES 9 FIGURES 1 Fuel economy of the different vehicles……………………………………….6 2 Cost you save having a green vehicle ………………………………………...7 3 Miles per gallon ………………………………………………………………………? EXECUTIVE SUMMARY Eaton Pharmaceutical has decided to buy new vehicles for their sales teams. The company feels by going green in the near future will save them money in the long run. This can help lower the emission of CO2 by going green. Research was conducted in two ways: (1) A survey was conducted to the company’s four hundred employees, and (2) information about implementing a volunteer program was obtained from reputable websites. The report addressed the following questions: (1) what is the best vehicle for going green? (2) How does going green benefit the company? (3) Is it really worth going green? (4) How would employees react to going green? The research conducted that all parties involved in the volunteer program will benefit from it. Volunteer programs are a great way to increase a company’s public image while satisfying the community’s needs, as long as the company and the nonprofit share the same objectives. Some steps should be followed in order to...
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...Introduction of Topic In today’s modern world, the need for transportation, particularly cars are prevalent in a developing country like Malaysia. The rise of technology and innovation allow us to develop and invent quality cars for the market. However, the ever-changing demand of the consumers and the unstable amount of supply of local and foreign cars lead to government’s intervention in the market of automotive industry. On 20th January 2014, The International Trade and Industry Minister, Datuk Seri Mustapha Mohamed unveiled The National Automotive Policy 2014 (NAP 2014) in order to tackle the problem faced by local manufacturers and consumers. NAP 2014 is Malaysia’s first step towards progressive market liberalization and an attempt to find a common path of liberalization, given the political, economic and technological constraints. The policy was considered as a “balancing act” between the priorities of attracting new investments, developing sustainable industry competitiveness and safeguarding the interests of existing investors and stakeholders. This in turn will make Malaysia as a regional hub for production. ------------------------------------------------- “The loans would be for the development of tool, dies and moulds, component technology pre-commercialization, competitiveness-related activities, distribution infrastructure establishment as well as the development of energy-efficient vehicle (EEV) infrastructure,”~ Datuk Seri Mustapha Mohamed Other than that, the...
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...En: Macro | * The effect of 2008 recession has impacted the company. * A new car for the new driver is the socio-cultural factor targeted. | * Focuses on environmentally friendly cars. * Technological innovations have given Toyota competitive advantage. | Management Structure | * Reduced layers of management as a part of restructuring. * Leaner and less costly management. | * No separation of oversight and execution. * The board retains responsibility for execution. | Operational & Financial Issues | * Even though Ford had applied for government loans it opted not to seek government loans. * It is now having a positive net profit. | * Toyota has superior supply chain management with JIT in place. * Toyota is not making a positive profit. | Analysis of Strategic Intent | * Ford wants to be profitable by 2011. * It wants electrification of its cars. | * Achieving a larger global market share. * Serving the nation of Japan. | External Challenges: | * Widening political environment in the US * Sluggish economic recovery in the US. | * Aging global population, not interested in new car models. * Weakening power of the Yen. | Current Manufacturing | * Lean and lower cost after workforce reduction. * Focused on electrification of cars. | * Advantage from JIT and supply chain management. * Modular design of cars makes manufacturing flexible. | Facilities & Distribution System | | *...
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...though the expense is high. Should a city government devote a huge portion of its budge to the improvement of roads and highways, or to the improvement of public transportation? Both developments have merit, but I believe more dollars should be spend on constructing a highly efficient public transportation system. First, a quite convenient public transportation will encourage more people to take it, and then dramatically decrease their motivation for purchasing cars. For instance, people always prefer a faster, more comfortable and economical method of transportation to meet their daily requirements. If we construct a highly efficient public transportation, such as a subway system, people can easily take it to any place in the city, no matter what weather condition it is and what time it is. Of course, many people like to enjoy this well-developed underground transportation system. In contrast, a slow public transportation will make more people feel frustrated and disappointed, and force them to consider buying a car. For example, my wife has to spend at least 1.5 hours on each way commute, which has brought many times discussion in my family: if we should buy a more car. On the other hand, more people owning cars will undoubtedly put more pressure on the city’s transportation, which will accordingly make the public transportation even worse. Moreover, a good public transportation system will significantly cut down the traffic noise, reduce the car emissions, improve our city’s...
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...surrounding. Let’s look at the relative environmental trends of the world as of 2015: Shrinking Carbon Footprints Governments and corporations around the world are focused on reducing their carbon footprint for social and financial reasons. The general trend in the economy is an effort to reduce such emissions. In an effort to reduce their footprint, companies are switching to next big topics of environmental trends as energy-efficient lighting, digitizing records and making recycling a priority. Carista specializes with car customization and personalization. Refering to carbon footprint shrinking trend Carista can create several new features in their application that will help save light, or show information about the gas emissions produced due to their car usage, which will create customers awareness of environmental harm that is brought by those emissions. Carista will show people that everything little thing that they do just with their car has an impact on our Earth, which is our only home, and we need to take care of it. However this step should be take later on, when Carista is firmly positioned in the market. This will create better company image, deeper company values, and the last but not least will impact on behavior of people that use the application. Sustainability as a Competitive Advantage The Environmental Protection Agency defines sustainability as the practice of creating and maintaining the conditions for...
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...Energy Efficiency Science Vs. Society CA 499 Alexander Champigny Grantham University houses now all seem to be somewhat energy efficient but how do we was as a society know what is good and bad for us when it comes to this technology. The ability to save energy has been around for a long time, we as humans learn how to save energy in our bodies, but now we need to look at how we save energy through the environment and products we use. With fluctuating gas prices, trying to conserve water, and electricity prices all on the rise is the energy efficient products being developed really worth the time and effort for society to purchase. The science that goes into developing these products do they really...
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...The 21st Century Electric Car By Martin Eberhard and Marc Tarpenning Tesla Motors The electric car, once the “zero-emissions” darling of environmentalists, is sometimes maligned as an “emissions-elsewhere” vehicle, since the electricity to charge its batteries must be generated in electrical generation plants that produce emissions. This is a reasonable point, but we must then ask how much pollution an electric car produces per mile – accounting for all emissions, starting from the gas or oil well where the source fuel is extracted, all the way to the final consumption of electricity by the car’s motor. When we work through the numbers, we find that the electric car is significantly more efficient and pollutes less than all alternatives.In this paper, we will investigate the Tesla Roadster™, which uses commodity lithium-ion batteries instead of lead-acid batteries or nickel-metal-hydride batteries as most electric cars have used. Not only does this lithium-ion–based car have extremely high well-to-wheel energy efficiency and extremely low well-to-wheel emissions, it also has astonishing performance and superior convenience.Lithium ion batteries are a lot more difficult to use than previous technologies; this is the reason that they have not so far been used in electric cars. Tesla Motors is spending a lot of effort making a safe, light, and durable lithium ion battery system. Over time, Tesla will probably put tens of millions into pack and cell features and optimization...
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...United States since 1928 with its acquisition of the Dodge Brothers firm. Over the years the company introduced many different models, but they were able to survive The Great Depression due to the strong sales of their entry-level Dodge and Plymouth brands. Chrysler’s many automobile innovations such as the HEMI engine developed in 1951, power steering, power windows, power brakes, the alternator and electronic fuel injection have made them extremely popular with consumers (Wheelen & Hunger, 2012, p. 17-2). By 1960s, Chrysler expanded their company into Europe through multiple company acquisitions, but with environmental pollution issues and the oil crisis of the 1970’s Americans started preferring Japanese’s fuel-efficient cars instead of bigger American cars causing sales to decline. In 1979, Chrysler promoted Iacocca as Chairman and CEO who in turn revamped the company and set up a new management team. He started cost-cutting measures to lower their $4.75 million debt and expanded the line of their passenger automobiles through a $1.5 billion federal loan (Wheelen & Hunger, 2012, p. 17-3). In 1983, the company had recovered from their crisis and repaid the federal loan ahead of schedule. Chrysler Corporation financial condition started deteriorating again. In May 1998, Chrysler Corporation and Benz AG, a German automobile manufacturing company, created a merger of equals. The company failed to make the merger with Daimler-Benz successful due to significant differences...
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...a multinational automobile manufacturer created in 1908.its headquarter is in the United States. GM is the world's largest automaker as measured according to the global industry sales. GM is the proud sales leader in the automotive industry for the for the last 77 years. As of 2008, General Motors employs about 266,000 people around the world. It manufactures its cars and trucks in 35 different countries. The famous brands under the umbrella of GM are Buick, Cadillac, Chevrolet, GM Daewoo, GMC, Holden, Hummer, Opel, Pontiac, Saab, Saturn, Vauxhall, and Wuling. In 2008, General Motors was the ninth largest publicly traded company in the world. In recent years the company has faced significant financial turmoils, including a 38 billion dollar loss in 2007. General Motors Today: From 1908 to 1976, it had grown expansively. But today its market share has gone down and together, with challenges posed by economic conditions, in the form of increasing healthcare costs and fuel costs and cut throat competition GM is facing a tough time in maintaining its profits. GM is deriving its 100% profits from financing cars and not from the sales of vehicles. Internal factors that account for this decline are the failure of the company to adapt to the changes in the environment such as the consumer preferences and technology, lack of differentiation applied to products and lack of effective cost leadership strategies to efficiently manage costs. Mission Statement: General Motors is...
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...hit with one of the most powerful earthquake ever been recorded. An Inconvenient Truth written by Al Gore, former Vice President of the United States, suggested that we should consider focusing on other dangerous things, meaning the cause of global warming. This implicates that despite the other problems each country is facing such as political, diseases, poverty and war; we should all unite to save our planet first. If we don't we are all in trouble at the same time. The scientist and the worldwide leaders have agreed that the climate change is caused by human activity, but yet we have done little to modify our environment. On the other hand the public has had enough about the climate change after having massive heat wave, snow, tropical storms, tsunamis and earthquakes. We all want to be part of this but it's often difficult to overcome modern life style therefore we need guiding. According to Al Gore' book, The United State is contributed more greenhouse gas pollution than South America, Africa the Middle East, Australia, Japan, and Asia (251). Because of this reason, it's time to admit that we are consuming more energy than the rest of the world. As technology grow so does our use of energy but we can all change and adapt a new way that is more friendly to our environment by reduction from more efficient use of electricity, increased vehicle...
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...can be good to society. For the argument that it is important to keep jobs in the United States, this is true that people would rather have jobs in the United States and that the U.S auto industry loses 5,000 jobs to foreign competitors, which those households are worse off. On the other hand, the millions of other Americans that can purchase less expensive, more efficient cars, from wider range of car manufacturers, they are better off. If another nation is more efficient and has a comparative advantage in producing a product, then it is in our best interest to buy from that nation. Sure it would be nice to keep the jobs in the United States, but at the same time one has to think that free trade is a good idea because the economy is saving money. People say that we are exporting jobs when auto manufactures set up plants in Mexico, but a counterargument would be that if Mexico is the least expensive place to assemble the vehicles, from the economic standpoint, that is where it should be done, as long as it can be done with the same level of quality. Another reason why free trade is a good idea is because it makes more economic sense, especially with our country headed towards the direction of a recession; we need a good quality product at a low price. Also, Specialization allows nations to devote their scarce resources to the production of the particular goods and services for which that nation has a comparative advantage. On the absolute advantage take on things, we benefit...
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...SWOT analysis of Ford and Toyota SWOT ANALYSIS “Opposition is an inevitable part of change and one that can significantly impact your community organizing. However, if you know how to take stock of the opposition inside and outside of your effort or group, you are more likely to plan and act effectively.” That's where SWOT analysis comes in. SWOT can help you handle both ordinary and unusual situations in your community health or development initiative, by giving you a tool to explore both internal and external factors that may influence your work. SWOT analysis, founded by Albert Humphrey, is a compacted planning method used to determine the strengths, weaknesses, opportunities and threats involved in a business or in a project. SWOT analysis can be used for product, place, industry or person. It involves specifying the objective of the business venture or project and identifying the internal and external factors that are favorable and unfavorable to achieving that objective. There are lots of advantages of using SWOT analysis. When a single person is considered, it is a useful technique for understanding his Strengths and Weaknesses, and for identifying both the Opportunities open to him and the Threats he faces. When SWOT analysis is used in business context, it helps you carve a sustainable niche in your market. it can helps to uncover opportunities for the business. And by understanding the weaknesses of the business, threats can be managed and eliminated that would...
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...it makes sense for cousin Edgar to spend his money on purchasing gas stations because the facts suggest that he could gain a lot of profits by operating gas stations. However, there are other various factors that cousin Edgar must take into consideration before spending his money, such as the gas demand and supply, the price elasticity of both, the cost of gas production, as well as the future challenges that awaits him in the future. One thing that Edgar must know about what can affects demand is the availability of substitute product, which in this case the substitute product for gas would be the use of public transportation. In places where there is a good public transportation system like in San Francisco, the demand for gas could be more elastic compared to Los Angeles, because consumers have other alternatives of commuting. Currently, gasoline has an inelastic price elasticity of demand in Los Angeles, and even in the United States. However, that could change due to the current planning to build a subway line from Los Angeles downtown to the cities along the coastline. Besides that, Los Angeles has also increases its bike lanes...
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