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Running Head: CORPORATE STRATEGY of Toyota Motors

Report on Corporate Strategy of Toyota Motors
ABC
Dated

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CORPORATE STRATEGY

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Contents
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2
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Introduction
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4
Main body
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1
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4

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Integrated Perspective of Organization
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3
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5

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Implementation of strategy
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7

4
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References
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Organizations may involve in different environmental campaigns
and development of the product that is only possible through corporate governance strategy which
promotes sustainable growth, effective leadership, and development of the organization
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The brief
introduction of corporate strategy would provide information about the importance of a corporate
strategy that how Toyota motors formulate and implement the strategies to obtain a competitive
advantage in the market
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1
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Introduction

Corporate strategy is considered information about the scope of organization operations and nature
of business in which it is going to operate
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Organizations developed their product at the corporate level that is helpful to
contribute at each level of strategic hierarchy in the corporate level
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Toyota is improving its quality standards in a systematic approach that has passed it to
understand the changes and adapt it according to the requirement
...
, 2015)
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The first one is directional and growth strategy
that must be increased and the second one, Portfolio of the company must be achieved at the
corporate level that is helpful to parents the strategy of the organization
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For the equipment of corporate-level strategy, the company is required
to make sure the efficiency and effective working of the company
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After analyzing the strengths and the challenges company
can provide proper safeguard to the working staff and make priorities that must be established
according to a proper investment plan that is used to devote all the resources of a business venture
(Campbell, Edgar, & Stonehouse, 2011)
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In this way, the company is adopting corporate social responsibility CSR that is an
environmental policy and beneficial for the environment (Langfield‐Smith & Greenwood, 1998)
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1
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The founder of Toyota set management in Japan that uses collaborative people based in
management who have the basic objective to work for long term
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The production system of Toyota is based on working according to
the perfect quality of products and they consider that if machinery is not producing quality product
then it must be changed or replaced as there is no compromise on the quality of Toyota products
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2
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Main body
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Identification of strategic issues

Identification of challenges and issues is based on analyzing the external factors and internal
factors that are contributing to the business environment and impact on the operations of the
company to analyze the threats and opportunities available for the organization
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It is helpful for the organization to reevaluate the operations of the company to achieve the strategic objective and at the last stage,
identification involved important critical issues that are related to strengths weaknesses
opportunities, and threats faced by the organization
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It is necessary to analyze the entry barriers and to
improve the large-scale production that would be helpful to achieve the economies of scale
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2
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Integrated Perspective of Organization

The automobile industry is divided into social and technological changes that are changing the
environment and creating competition among organizations
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The system of a
manufacturing organization is related to the product range and the integrated management system
of the organization deals with different business units at a single platform that is helpful to provide
information for different organizations
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Toyota is following an ideal strategy for placing orders
to achieve the highest level of quality and promote an environment that would increase the sales
of Toyota
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Toyota motors adopted this strategy for Environmental Protection from different issues that are
providing an opportunity to manufacture vehicles that have less fuel consumption
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It
demonstrates that the company is working on an environmentally-friendly policy to consume less
fuel and reduce the level of carbon emission in the atmosphere (Profiroiu, Kaneko, Vlad, Dutescu,
& Ishida, 2020)
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The integrated management system was
adopted by Toyota to make sure that they are quickly and efficiently responding to the
requirements of the customers as it is the basic need of customers to get production system
according to their desires and needs
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It shows that the integrated management system of Toyota is helpful to resolve the problems
that are related to environmental perspectives and it is helpful to get sustainable growth
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2
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Formulation of strategy

It is significant to consider that corporate strategic formulation is adopted by the organization to
practice the operations of the company and the procedure of the strategic management must be
well formulated and divided into three categories such as identification, formulation, and

CORPORATE STRATEGY

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implementation of the strategy
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In the formulation, strange company's management is concerned with taking into consideration all
the recommendations that are well documented and supported by proper justification
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According to the perspective of growth in the organization, these
activities are helpful to achieve the practices of comparative advantages that must be sustainable
and helpful to implement the strategies according to the requirement of the company (Kumon,
2007)
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In the formulation strategy, Toyota Company is based on three basic levels
the first is a corporation is greatly concerned with the direction of the organization, and the growth
aspect is also important to achieve the objectives and desires
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Toyota motor
is focusing on effectiveness and efficiency to make sure the efficient working of the company
...
4
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In the
implementation stage, the practices of the necessary recommendations and strategic objectives get
into practical work and the basic objective of the company is to solve the problems and challenges
faced by the company as practical work could be helpful to adopt the recommended solutions and

CORPORATE STRATEGY

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also work for the welfare of stakeholders
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The corporate level strategy of Toyota is implemented by designing new
vehicles that are affordable in less developed countries
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The strategy is implemented by solving different
challenges and various managers are working for the product development of Toyota motors
(Langfield‐Smith & Greenwood, 1998)
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The company is
also involved in different strategic alliances that are working in the automobile industry at the local
level and the basic objective is to promote innovation to obtain quality in the products
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It is used to realize the benefits of business
levels strategy that is based on the combination of five forces in the implementation of this strategy
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Management of
Toyota adopts the quality of production with a systematic approach and they can adopt the changes
that are selected by their founder
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The
business strategy of Toyota includes producing hybrid cars like Toyota Prius
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The implication of quality working is to
produce quality products
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The work is inspected by management and they
build structured opportunities for the people to learn about analyzing the defects (Yuliansyah,
Gurd, & Mohamed, 2017)
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0
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Toyota Corporation implemented
several strategies that are used to improve production at economies of scale
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The
company should implement marketing strategies that is improving the operations of the company
to meet the expectation
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Toyota Corporation should employ a different way to get a competitive
advantage in the market and for this purpose, they must adopt to execute its activities in the market
that provides unique products to the customer as it would be helpful to improve the value of a
customer and create an opportunity to adopt the change
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It is helpful to obtain financial gain from the corporate strategy and
inaugurate an environmentally friendly community
...
0
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, B
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(2015)
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Ph
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diss
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Campbell, D
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, & Stonehouse, G
...
Business Strategy: An Introduction
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Cortez, M
...
, & Penacerrada, N
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(2010)
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Journal of International Business Research, 9, 113
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, Kumar, S
...
, & Gahlot, P
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Implementing lean manufacturing system: ISM
approach
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Kumon, H
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Toyota Motor’s Plant Operation in CEE
...
, & Greenwood, M
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(1998)
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Journal of Management Studies, 35 (3), 331-353
...
, Kaneko, H
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, Dutescu, A
...
(2020)
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Revista de Management Comparat International , 21 (4), 458-489
...
, Gurd, B
...
(2017)
...
Humanomics, 33 (1), 56-74

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