Toyota Prius

(7a): What challenge does Toyota face? The market for automobiles is mature and the intensity of rivalry is only going to increase as the industry continues to age. Therefore to be successful in the auto industry, a company must focus on a variety of changing factors or challenges that continue to include demographic, geographic, and technological factors. Another challenge could be the furtherexpansion of its lean low cost manufacturing process. Looking at demographic factors, age is…

Characteristics The lean approach to operations and supply chain management has been the accepted mode of functioning in many industries and services some many years now and was adopted from the Japanese automotive manufacturing and production company, Toyota (TPS). Comparatively speaking this approach is in vast contrast to what was traditionally accepted as the way to manage organizations and businesses. According to an…

Opportunities for improvement using Lean Management and Six Sigma principles The lean management principle originally came from the Toyota manufacturing system and it refers to the concept of reducing waste and eliminating defects during the production process. In lean management, firms analyze their operations to point out wastes and areas of inefficiencies before developing solutions to minimize these wastes and promote efficiency. While lean management principles are largely applied in the…

The lean management methodology upon which this book was based began from the lean manufacturing principles developed by Taiichi Ohno for the Toyota company in the mid-1900s. Ohno’s approach to production was anything that did not provide immediate value to the customer was considered a waste of resources and subsequently eliminated. This revolutionized Toyota’s manufacturing procedures and inspired many modern project management styles used today. Eric Ries, author of The Lean Startup, applied…

Introduction Toyota Motor Corporation is a Japanese manufacturer and is one of the 8Th largest company by revenue and largest automotive manufacturer. . It engages in the design, manufacture, assembly, and sale of passenger cars, minivans, commercial vehicles, and related parts and accessories Strategic Statement “Toyota will lead the way to the future of mobility, enriching lives around the world with the safest and most responsible ways of moving people. Through our commitment to quality,…

The long and illustrious story of the Toyota Company begins with a carpenter’s apprentice and his dream to change the world. When Japan reached out to its citizens to find innovators and inventors during the Industrial Revolution, Sakichi Toyoda quickly answered the call. Sakichi Toyoda was inspired to create a better loom after witnessing his mother struggling to use a loom. While he first created an easier-to-use manual loom in 1891, he eventually created Japan’s first automatic loom under…

was incorporated in 1925 with capital of 500,000 pesos ($250,000). Adrian Rene Lajous, a Mexican of aristocratic parentage who was appointed managing director of the firm, knew President Plutarco Elí Calles personally and negotiated customs, tax, and railway freight-rate concessions from the government. Ford obtained a 50 percent rebate on duties for materials imported into Mexico. The company also was promised by the government that there would be no problems with the unions; however, a union…

forming a ‘T’ shape for Toyota. The outer oval signifies the world embracing Toyota. Each oval made with strokes of different thicknesses hence directing to Japanese calligraphy art and culture. The space, that is in the background (within the logo), is signifies the ‘infinite values’ which Toyota stands for. And they are: superb quality, value beyond expectation, the exhilaration of driving, being innovative, integrity in safety, the environment and social responsibility. Toyota motor own four…

Executive summary: Since the replacement tire market had matured and new channels had gained share, Goodyear wants to make a strategic decision for its product lines by innovating. The new product is called Aquatred, it is a replacement tire for passenger cars designed for driving under wet conditions. For that matter, in order to decide whether to go through with this innovation, Goodyear has to weigh the risks along with the benefits of launching this product. Although Goodyear has a strong…

a. Sony is a Japanese conglomerate corporate with headquarter in Tokyo, Japan. It was founded by Akio Morita and Masaru Ibuka in 1946. It was ranked at the 105th in the list of Fortune Global 500 last year. Sony’s main products and services include electronics, games, entertainment and services such as banking & insurance. Notably, Sony is the fourth largest TV manufacturer after Samsung Electronics, LG Electronics and TCL. Sony’s slogan is BE MOVED. b. Sony has reported to have a net loss of…