BUSN300 Unit 5 IP Research Paper Example | Topics and Well Written Essays - 1000 words

BUSN300 Unit 5 IP - Research physical composition ExampleIt has factories that spread over six continentsdealingwith the product of automobiles Toyota Business Environment Every brass, no matter of the business they are doing, is exposed to a lot of factors that has an effect on the performance of a ac corporation and also the strategies and decision making of an organization. It is therefore important for companies to be informed about these factors since they can hire an influence on the plans and strategies of a beau monde Challenges faced by Toyota Motor association Toyota Motor Corporation being an international federation faces a lot of legal and business challenges that have affected the strategies, plans and decisions of the organization and also the entire automobile industry. Some of the challenges include The products of Toyota go with are found everywhere in the world and the company supplies its automobiles to various countries globally. Competition is none of the greatest challenge the company has to deal with since the company is operating in a competitive environment. Factors like the features and quality of the product, research and development time, safety, reliability, price, customer service, pricing terms and fuel economy. The company has been offering world class products which have made it to be a leader in the market place and its products are facing steep competition. Nevertheless, the company has been leading on the market which led to the company being awarded as the number one company in sales of automobiles. The company was affected by the economic crisis that was experienced in 2008 in the US. Since the company is the leading manufacturer of the automobile, its swage of over $17 billion was shaken due to this economic downturn. This was attributed to the fall of consumer spending that affected many households. The company was able to survive the economic turmoil since it had early(a) services like biotechnology and oth er financial services. Furthermore, the company had to let off some temporary workers and also had to reduce car labor of automobiles Toyota Company had to recall over 14 million Lexus and CamrySolara models of vehicles which had an acceleration problem. This problem was traced to the vehicle accelerating itself while tearaway(a) at a low speed. This has increased the number of accidents that have been experienced all over the world. The company was forced to respond to questions that were asked by the customers about the quality of the products. Despite the challenges faced by the company, the management of the company has focused their attention on solving problems and service delivery to the customers. The company had to use the SWOT depth psychology so as to understand the business Strengths The company has a global production plant in six continents. The company has the capacity to produce the best services as compared to other competitors. The greatest strong point of the c ompany is the manufacturing of quality products to the customers. Though some peoplearenot be in a position to buy the automobiles of the company, the company still has a growth in its sale due to the production of quality and reliable products. This allows the company to serve both private and commercial organizations therefore dominating in all sectors f the market Weaknesses The company is only focusing on big economies and forgets emerging economies. Opportunities strawman of new technology has facilitated the company in producing Eco-friendly automobiles. The