...Internationalization at Toyota: A Case Study Examining the internationalization of the Toyota Motor Corporation, this essay argues that the firm’s strategy of localism, pertaining to both design and production, has lain at the core of the firm’s international successes. In this regard, it notes that Toyota learned from early failures, pertaining to export vehicles, and adjusted its strategy in longitude so as to make the most of export opportunities across the international economy. Noting that the pooling of research & development (R&D) resources which exists in Japan is highly relevant to success in this regard, the essay proposes that Toyota’s all-encompassing strategy of localism is responsible for its international success. Concluding, the essay does note that two areas of weakness, pertaining to quality control and emergent market penetration, still plague Toyota’s internationalization ventures. Thus, while the firm is highly successful in this regard, potent internal difficulties problematize its continued success. Toyota’s First Attempts at Internationalization To begin, understanding Toyota’s significant contemporary global posture requires an understanding of the firm’s humble roots. Indeed, in the pre-World War II era, Toyota was a very small automobile manufacturing firm with middling success in the country’s domestic market. Indeed, it is only through the American War Department’s industrial training program that Toyota ultimately succeeded, in the...
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...challenges on a daily basis. Its multiple strategic positions are meticulously thought out by countless individuals, and have to this date ensured consistent growth and success within the corporation. The purpose of this report is to detail the many aspects behind Enbridge Inc.’s strategy, including those strategies before and after the catastrophic failure of pipeline 6B on 26 July 2010 in Talmadge Creek. This report will address Enbridge’s strengths, weaknesses, opportunities, and threats, it will include an analysis of the organization’s financials, as well as address a number of key short-term and long-term issues that face the company, paired with recommendations. Through extensive research of Enbridge Inc., it is clear that the company is in need of strict maintenance strategies regarding its pipelines, in order to avoid the costly detriment of events much like that of Talmadge Creek. It is spills such as these that vastly affect the financial performance of Enbridge. Further elaboration of this statement will be presented in the body of this report. Talmadge Creek The Enbridge spill that took place in Calhoun County, Michigan, leaked more that 900,000 US gallons of crude tar sands oil into the Talmadge Creek, and was an event that to this day Enbridge hasn’t been able to fully recover from. The spill was so extensive, that the Calhoun County Health Department issued a notice of evacuation for over 30 households in the area. Because the Talmadge Creek flows directly into the...
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...5 1.3 Explain the responsibilities of an organization and strategies employed to meet them. 6 2.1 Explain how economic systems attempt to allocate resources effectively. 7 2.2 Assess the impact of fiscal and monetary policy on business organizations and their activities 8 2.3 Evaluate the impact of competition policy and other regulatory mechanisms on the activities of a selected organization. 9 3.1 Explain how market structures determine the pricing and output decisions of businesses. 10 3.2 Illustrate the way in which market forces shape organizational responses using a range of examples. 10 3.3 Judge how the business and cultural environments shape the behavior of a selected organization 11 4.1 Discuss the significance of international trade to UK business organizations. 11 4.2 Analyze the impact of global factors on UK business organizations. 12 4.3 Evaluate the impact of policies of the European Union on UK business organizations. 12 Conclusion 13 References: 14 Introduction Every field regarding inquiry goes by using a life cycle; a fresh idea emerges, it develops into a growing body regarding literature along with either will keep for you to grow as well as enters a Decline. an sure Log of a successful growth of the container will be a good effort to institutionalizes their history, categorize the accomplishments and project it is future directions. Your current box regarding business and...
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...order for any company to grow into a successful and viable company in the future, there are a number of things that have to be implemented to ensure there’s balance and the organization is running properly. For CanGo they have the vision of where they want to be in the future and the start of a good internal structure to carry out those goals and vision. Where things seem to get off track for CanGo is in the areas of communication between departments, ensuring that full financial analysis have been completed before starting on a project, internal organization within the company, lack of professionalism between employees, and lack of concern for legality when it comes to company action’s. All of these issues if left uncorrected can pose a huge threat to the viability of CanGo’s business in the future. However, on the other hand if the following recommendations are put into play and the current issues are resolved it will only further and grow CanGo in their current state and in the future. Issues: 1. There seems to be a serious lack of communication between departments at CanGo. At any given time it is apparent that employees do not seem to know what others are working on or have already worked on. 2. CanGo has not done a proper full financial analysis regarding the new system; once again no project should be jumped into without proper analysis. 3. CanGo’s lack of a strategic plan to train the personnel for new responsibilities. CanGo management is seriously...
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...Advance Financial Management Graduate Business Administration 645 CRN: 11046 Building 163 – Room 2032 Winter Quarter 2013 Wednesday: 6:00-8:50 Paul Sarmas www.csupomona.edu/~psarmas CATALOG DESCRIPTION: A seminar course in finance utilizing comprehensive cases to simulate the role of the financial manager. 3 seminar-discussion. Prerequisite: GBA 546, all required 500-level courses, and microcomputer proficiency. Concurrent enrollment in GBA 646. Unconditional standing requirement. EXPANDED DESCRIPTION OF THE COURSE AND INSTRUCTIONAL METHODS: A. Expanded Description of the Course: This course reinforces the basic concepts of financial management. The course provides an in-depth discussion of key topics that are critical to financial management: (1) the goals of the firms, (2) financial statement analysis, planning, and forecasting, (3) working capital policy and management, (4) capital budgeting techniques without and with risk, (5) capital structure theory and application, (5) the cost of capital estimation, and (6) long-term financing decisions. In addition, the course examines issues such as lease financing, merger and acquisition, and international financial management. B. Instructional Methods: The delivery system throughout this course will be a combination of class discussion and case analysis. The case analysis will be both in a written format and oral presentation. The amount of lecture will be limited to detailed coverage of concepts...
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...Risk and Quality Management Assessment Summary HCS/451 Barbara Smith 11/16/15 Alanna Vanderpool The organization selected to review is Milestones Management Group. Milestones is a management company that contracts with various long term care facilities and provides general oversight from a corporate level. Their primary focus and target type of facilities are Assisted Living and Memory Cares. The offer nursing and clinical oversight, operations management, growth and development support, quality and risk management support as well as other valuable services to communities in the Pacific Northwest. Milestones is a locally owned company that generally provides contracted services however they do own a few of the properties that they currently manage. Quality and risk management in health care are extremely important not only for an organizations level of success but also for the general wellbeing of its employees and the patients that it serves. To begin, the definition of quality management is “structured organizational process for involving personnel in planning and executing a continuous flow of improvements to provide quality health care that meets or exceeds expectations” (Sollectto & Johnson, 2013, Chapter 1). Most health care organizations, including Milestones, have quality management teams in place that review and evaluate the level of service that the organization provides to its patients. There are several ways for a quality management team to go about determining...
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...Software Integration of software for Riordan Manufacturing has tremendous benefits. Benefits include accurate and error free payroll, accurate expense tracking for new products, projects, time, and operations, accurate and reduced inventories, detailed billing, collections, accounts receivable, accounts payable, and electronically generated entries into the general ledger. As orders are received they are input into the system. Each item ordered has its own distinct part number associated with it. As soon as production begins inventories used to make the product are removed from the system. The removal of raw material needed to produce the product will result in a more accurate real-time inventory. As production is completed information pertaining to payroll will be delivered through electronic entries of completed production. These entries will generate automated invoices, which in turn will be sent directly to the customer as well as the automatic generation of labor hours used to produce the product will be sent to the payroll department. Unusual items used to product the product will be charged directly to the part number as expenses. The electronic entry of accounts receivable information will block the issuing of past due notices to customers. Account payables will be...
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...[pic] MZUMBE UNIVERSITY DAR ES SALAAM BUSINESS SCHOOL COURSE TITLE: MBA CM SUBJECT CODE: ECO 5011 SUBJECT NAME: MANAGERIAL ECONOMICS NAME: MICHAEL KISAKA TASK: TERM PAPER REGISTRATION No. MBA/CM/DCC/412/T.11 SMEs IN TANZANIA, THEIR IMPORTANCE AND CHALLENGES TOWARDS NATIONAL ECONOMIC GROWTH. Lecturer: Dr. G. Kinyondo December, 2011 | | |TABLE OF CONTENTS |PAGE NO. | | | | |Acknowledgement |1 | | | | |Abstract |2 | | | | |Structure of the Report ...
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...Case #3: WHOLE FOODS Assignment Questions 1. What are the chief elements of the strategy that Whole Foods Market is pursuing? Growth Strategy Not only did Whole Foods open their own new stores, but acquired small chains that already had personnel and a good location. They began by acquiring smaller chains with smaller stores and started to acquire bigger stores. They also went international in 2004 by acquiring a company in London. The following graph displays the growth of the company in how many total Whole Foods stores were open by the end of each fiscal year. The significant increase in 2006-2007 is due to the acquisition of their biggest competitor, Wild Oats. Store Location Strategy This strategy entails looking into looking for potential markets to enter by the following criterias: education levels, population density, and income. After analyzing sales, profit, and cost, estimations are made for several possible sites. After narrowing the choices, the economic value added (EVA) is looked at for the best possible site. This is based off of their internal weighted-average cost of capital. To be approved, the cumulative EVA needs to be positive for the next five years or less. Whole Foods goes through an entire process to make sure that every store that is opened will have the greatest possibility of generating profit. Whole Foods focuses on high-traffic locations that were by upper real estate properties. Product Line...
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...Written case analysis Kanzen Berhad: A Proposed Joint Venture With Pacific Dunlop Limited Problem definition Statement of problem Kanzen Berhad (KB) is a Malaysian based company whose problem is that they want to increase their operating profits, but are not sure how to do it. They are thinking about doing this by reducing their costs and increasing their sales figures, and doing this quickly. They don’t believe they can reduce their costs on their own, and need a way to gain knowledge and technology in order manufacture products more efficiently, and break into additional markets. Expansion The first decision they have to make is whether or not to expand the company. We take it as given that KB has decided to expand but there are several barriers to consider before they can proceed with an expansion plan. The company can choose between expanding within any of the industries they are already in, or expanding by diversifying even more and entering new industries. KB is looking to expand in the bedding industry in this case, so this is what we will focus on. Barriers of expanding the bedding industry These barriers are: 1. A lack of manufacturing technology and efficiency knowledge. 2. A lack of marketing skills to break into new markets, especially with new products. 3. Possible internal conflicts of interests 4. Limitation in markets Having world-class efficiency would provide them with the means to expand into more markets and increase productivity. This...
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...Q.1 What are the unique advantages and disadvantages of International Joint Ventures? Try to relate to the case when you answer this question. The case illustrates the possibility of a Joint Venture between Nora, a leader in telecom equipments in Malaysia and Sakari, a Finnish Conglomerate that deals in the manufacturing of cellular phone sets and switching systems. Joint Ventures between local players in developing countries and foreign companies have become an apt means for both managements for satisfying their business needs and objectives. Local partners bring local expertise of the target market, familiarity with local governance and government regulations, understanding of the regional work ethics and culture, while, the foreign players get the latest technological know-how, advanced operational frameworks and access to export markets to the table. It can be seen as a symbiotic tryst between two mutually co dependant parties. In the light of the aforementioned case, some of the unique advantages and disadvantages of an International Joint Venture are as follows: Advantages of an International Joint Venture: y y y y y y Access to new markets and a wider distribution capacity: As shown in the case, Sakari was interested in enhancing its global market share by means of a Joint Venture. A Joint Venture allowed it to foray into lesser known foreign markets with the help of an established local player. This allowed the Finnish company to gain the much needed expertise and...
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...Capstone: Strategic Management May 13th, 2008 Robert Gibson – Scott McDaniels – Jonah Nelson – David Stark Table of Contents: Strategic Profile 3 * Company Introduction Situational Analysis 4-15 * External * PEST Analysis * Porter’s 5 Forces * Bargaining Power of Suppliers * Bargaining Power of Buyers * Threat of New Entrants * Threat of Substitutes * Competitive Rivalry between Existing Players * Competitor Landscape * Alaska Airlines * Southwest Airlines * United Airlines * Air Canada * Key Success Factors * Internal 16-23 * Resources * Tangible * Intangible * Value Chain Analysis * Primary Activities * Secondary Activities * Capabilities * VRIN Testing * Core Competencies SWOT Analysis 24-25 * Strengths * Weaknesses * Opportunities * Threats Strategy Formulation 26-28 * Strategic Alternatives * Alternative Evaluation * Alternative Choice Strategic Alternative Implementation 29-31 * Action Items * Action Plan References 32 Strategic Profile: Company Introduction Alaska Air Group is made up of two principle subsidiaries Alaska Airlines and...
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...prospects of foreign direct investment (FDI) in emerging market countries. The views expressed should not be attributed to the staff and management of HSBC, members of the CMCG, the International Monetary Fund, and the World Bank. -2- Contents Page Main Findings ..........................................................................................................................3 I. II. III. Introduction....................................................................................................................10 Overview of FDI in EMCs.............................................................................................14 Motivation, Location, and Decision-Making.................................................................15 A. Motivation ...............................................................................................................15 B. Locational Determinants of FDI..............................................................................16 C. Decision-Making .....................................................................................................19 Financing, Global Conditions, and Managing FDI Risks..............................................21 A. Financing Business Ventures in Emerging Markets ...............................................21 B. The Role of Banks and International Capital Markets ............................................23 C. Controlling and Managing Risks to FDI in Emerging Markets .........
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...FEDERAL COMMUNICATIONS COMMISSION By: Alaina Williams Communication has been an essential component of everyday procedures for decades. In the early 1800’s, the inventions of the telegraph and telephone were the only means of connecting to outside sources. With years of research came complex theories, advanced technologies, and additional methods of communication. What started out as a flawed system used by few resulted in a global network used by millions. With a network of such immensity, regulation was not only necessary but also inevitable. The Federal Communications Commission (FCC) was established specifically for this purpose. To successfully regulate a large structure, such as the communications networks, requires a great deal of authority. Although the FCC has obtained numerous achievements, like any regulation committee, there are several critics. ------------------------------------------------- The History In the early 1900’s, the Federal Radio Commission (FRC) regulated the entire radio industry of the United States. Unfortunately, the regulation tactics imposed by this committee caused too many debates for the government to simply overlook. In 1934, Congress passed the Communications Act that abolished the FRC, delegating the duties over to the newly formed Federal Communications Commission (FCC). It was designed as an independent government agency with Congress providing its authority. Unlike the FRC, the FCC was authorized jurisdiction...
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...Table of Contents 1.0 Introduction 2.0 Strategic Analysis 2.1 The Strategic Management Process 2.2 Stages of the Strategic Management Process and Contribution to Strategic Management Process 2.3 Definition of Strategic Analysis and Component 2.4 Techniques for Analyzing the External Environment 2.5 Techniques for Analyzing the Internal Environment 2.6 Roles of SWOT Analysis in Strategic Analysis 3.0 Strategy Formulation, Evaluation and Choice 3.1 Strategy Formulation stage and Contribution to Three-stage Strategic Management Process 3.2 Key Differences between Business Strategy and Corporate Strategy 3.3 Implications of Differences for Strategy Formulation 3.4 Key Differences between the Market Positioning and Resource-Based Strategy 3.5 Strengths and Weaknesses of Porter’s Generic Strategies 3.6 Resource-Based Approach Implications for Business strategy 3.7 Industry Lifecycle and Market Turbulence Implications for Business Strategy 3.8 Corporate Level Strategy Decisions 3.9 Relevant Growth Strategies to Qatar Airways 3.10 Advantages and Disadvantages of Related and Unrelated Diversification 3.11 Important Strategies to Qatar Airways 3.12 Portfolio Analysis 3.13 Aspects of International Strategy that are Relevant to Qatar Airways 3.14 International Strategies that are Appropriate 3.15 Market Penetration Strategies that are Appropriate 3.16 Evaluation Technique of Best Strategy to Adopt 4.0 Strategy...
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