(5) The core competencies of Toyota are customer first, people are the most valuable resource, continuous improvement, and shop floor focus.
Using the customer first and people are the most valuable resource are the best core competencies to use to decide which new business opportunities to pursue. Since the demand has been growing for fuel efficient and environmentally friendly cars, Toyota decision to improve upon the hybrid car will only bring them towards more success. People are not able to afford gas guzzling SUVs and have developed a new found interest in the environment. By moving towards meeting those customer needs, Toyota will continue to be one of the most successful car manufacturer.
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Assignment #14, Question #1
- Kyle Toelken
A huge strategic change that Toyota has done through in the last decade was the massive switch into “Going Green”. Going green, in a company, basically means that they are going to start to focus on energy efficient, safer equipment, and even hybrid cars. Hybrid technology was a huge change in Toyota’s way of doing business. When they came over to the U.S back in the day, they had to compete with the American way of life. They had to look into massive trucks, which could carry a huge amount of weight. Then they started to realize something, they had to make a change in their strategy before anyone else gets to it first. They then began to research into hybrid technology and then turned that into reality, with the new hybrid vehicle.
Assignment #14, Question #2
-Dan Wolski
Toyota has not recently acquired or merged with any companies, however they are spending billions of dollars to reclaim their common stock shares. In many ways this is like making an acquisition. As of November 7th 2007 Toyota has bought back 5 million shares of its common stock an estimated value of 36.47 billion. Toyota intends to buy back a total of 45 million shares, a value of 150 billion.
The practice of buying back stock is common in the west but very unusual for Japanese firms. Many Japanese exporters have seen their profits increase thanks to a weaker yen, but have still suffered from falling share prices. And the exporters are using their extra profits to help support their share price by buying back their own stock.
Secondly by Toyota buying back some of their stock it creates a greater demand for the remaining publicly traded shares. increasing their value undoubtedly.
Assignment # 14 (3) - Ronnie Vajdak
In August of this year, ISUZU MOTORS LIMITED (Isuzu) and TOYOTA MOTOR CORPORATION have reached a basic agreement concerning a business collaboration of the development, production and supply of small diesel engines. They agreed to develop a 1.6-liter diesel engine for use in Toyota vehicles in Europe where diesel engine cars are extremely popular. Both companies will maximize their use of their technological capabilities with the combined goal of producing the world highest performance diesel engine. This is an excellent move, executed at precisely the right time to take advantage of the world’s transition to the "greener" bio diesel fuel. Toyota continues to be the master of forecasting and as a result continues to keep their edge over so many other car manufacturers.
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