Toyota Research Paper Example | Topics and Well Written Essays - 750 words

Toyota - Research Paper Example Toyota also has to adhere to the regulations set up by the respective government rates concerning its fuel policy. The oil industry is an obvious major stakeholder in the company and it has to liaise with it for successful business. The company strives to ensure delivery to consumers as soon as possible. It uses the Just-In-Time system of vehicle production whose aim is to manufacture the vehicles ordered by customers as quickly and as efficiently as possible. Only what has been ordered is manufactured to avoid backlogs and maintain continuity of production. The company makes sure that the spare parts necessary for assembly are already in stock so that when an order is placed, work begins immediately without further delays. The parts used are then ordered and replaced in successive production; stock out are not allowed. Toyota provides excellent after-sales services and has been ranked highest on the basis of dealership service performance assessment. Customers are in a position to gain from an array of services including service initiation, vehicle pick-up, service advisers, quality assurance and facilities. Focusing on customers and interacting personally with them enhances overall customer delights and promotes brand loyalty. As far as quality is concerned, Toyota has put emphasis on quality assurance systems with Total Quality Control activities implemented to ensure quality issues arising are solved as soon as possible and recurrences avoided in advance. During production, defects are checked during each process and strict inspection procedures are carried out to maintain quality end products. There has been a significant increase in demand for vehicles around the world as people become more financially empowered. In an effort to have a market share of this growth Toyota has increased its employees and suppliers. Unfortunately, it seems that it’s

Business Analysis and Corporate Strategy of BP GROUP PLC Essay

Business Analysis and Corporate Strategy of BP GROUP PLC - Essay Example The customers had a high bargaining power in regard to petroleum products. The buyers of BP products are always price sensitive hence the company has always ensured the prices are relative low to maintain them. The bargaining power of the supplier is low in regard to BP Group Plc since the suppliers of petroleum products are few in number. The bargaining power of the supplier is also low because there is availability of suitable substitute products similar to those supplied by BP. There are other petroleum company that produces petroleum products similar to those produced by BP thereby making the bargaining power of the supplier very low. 1 The bargaining power of the buyers of petroleum products is quite higher is high since the buyers are many in number. The buyers purchase a large potion of an industry's total output and a significant potion of a supplier's annual revenue. There is a clear revelation that revenues of the company have been increasing since 2000 since the company's turnover in 2000 was less that 100 billion and in year 2005 they were over 150 billions. 2 The company has significant strengths in regard to brand name. ... Their production accounts to three percent of gasoline supply in the US. Another company's strength can be seen where BP is ranked to be the leading company in sale and distribution of solar panels. This resulted after acquiring Lucas Energy Systems and Solarex in 1980 and 2000 respectively. On the sale of photovoltaic, BP had a world market share of twenty percent in 2004 after producing 90 mega watts of solar panels. This ranking increased BP's brand loyalty hence to the advantage of the company as the sales increase drastically. Since 2000, BP Company has been eager to embrace new technology in their product. They have always ensured that their products are integrated to suit their customers' tastes and preference. This opportunity has ensured that the company is produces world class products thereby increasing their market share. BP Company has had a number of threats in terms of competition. Since year 2000, there have been a number of new companies that have been established that deal with petroleum products. This competition is a threat to the growth of BP company hence for them to prevail in the market they have to ensure they use their market strategies properly. The opportunity of BP Company is seen where the company merged with Amoco Company. The company took the merger advantage as it was able to produce other products that included solar panels. The solar panel were produced when Lucas Energy Systems and Solarex were acquired by BP in Amoco acquisition. By increasing the number of product the company dealt with, the company ensure that if the market share is low for one product, it might be high for the other products. This ensures that the company's sales will always be high