International Engineering Management - Toyota

Sweta N.

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International Engineering Management - Toyota

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Engineering Management, International Engineering Management, RMIT University, resources, factors, Toyota, strategy, market, automation, human resource management, success, productivity, TPS Toyota Production System, profitability, china, africa, government, risks, growth

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Abstract

There are numerous strategies that lead Toyota to first place in the automobile industry. This report will provide an opportunity to better understand the company's history, recognize the main factors that bring success to the business, and analyze cultural analysis between China and South Africa for the new facilities. After that, presenting the superiority and recommendations will be offered.

Company description
1. Factors lead company successful
2. Different strategy between country
Candidate countries and their specifics
1. Location
2. Culture
3. Geopolitical
4. Resources
Presenting the choices
1. Cultural factors
2. Governmental factor
3. Risks
Conclusion

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[...] South Africa Tariff Rates 1988-2021. macrotrends website Accessed 26 Mar 2023. https://www.macrotrends.net/countries/ZAF/south-africa/tariff-rates. Misoyannis A (2023) Toyota remained world's biggest car maker in 2022, Drive website, Accessed 24 Mar 2023. https://www.drive.com.au/news/toyota-remains-worlds-biggest-carmaker-in-2022/ Organisation for Economic Cooperation and Development (OECD) (2020) Transport infrastructure trends and regional development, OECD-Ilibrary website accessed 26 March 2023. https://www.oecd- ilibrary.org/sites/512e786fQueensland Government (2022) communicating effectively, qld.gov.au website accessed 25 March 2023. https://www.business.qld.gov.au/running-business/marketingsales/sales/communicating-effectively Simic M. -23march 2023), International Engineering management [unpublished conference presentation], IEM presentation lecture week1-4, Melbourne. Slabbert, A., & Ukpere, W. [...]

[...] http://np.chinaembassy.gov.cn/eng/ChinaABC/ls/200410/t20041027_1998312.htm Graham, J. R., Grennan, J., Harvey, C. R., & Rajgopal, S. (2022). Corporate culture: Evidence from the field. Journal of Financial Economics, 146(2), 552–593. https://doi.org/10.1016/j.jfineco.2022.07.008 Hofstede-insight (n.d.) Compare countries, Hofstede-insight website accessed 25 March 2023. h#ps://www.hofstede- insights.com/fi/product/compare-countries/ James C. (2022) What Is Communism? Learn Its History, Pros, and Cons, Investopedia website accessed 26 March 2023. https://www.investopedia.com/terms/c/communism.asp Jenkins A (2020) Just-in-Time Inventory: All You Need to Know, Oracle NetSuite website, Accessed 26 Mar 2023. https://www.netsuite.com/portal/resource/articles/inventorymanagement/just-in-time-inventory.shtml Khan, M. A., & Panarina, E. [...]

[...] In addition, China's EV market share is estimated to be 50% by 2025. In addition, the government is reinforcing a regulation aiming to target 20% EV sales by 2025, providing a supportive regulatory environment for Toyota's investment. REFERENCE LIST Aris T. (2017) The concept of face in Chinese culture and the difference between Mianzi and Lian, The Greater China Journal website accessed 25 March 2023. https://chinajournal.org/2017/02/25/the-concept-of-face-in-chinese-culture-and- the-difference-betweenmianzi-and-lian/ Berkley Sourcing Group (BSG) (2016) Map of China Manufacturing Distribu3on, Berkleysg website accessed 26 March 2023. [...]

[...] It is, therefore, integral that Toyota Corp. also considers such an element when setting up its manufacturing plant Governmental factor Toyota must consider the governmental attitude in a host country before venturing into its business. Government support is an essential part of the manufacturing process as it ensures a company can access integral elements. Examples of important factors that a government can accord companies to ease their operation are tax incentives, subsidies, and a favourable operating environment. Availing of such assistance will help reduce the cost of production (Klemm 2009). [...]

[...] For example, natural disaster or workers call strike. Also, the quality and productivity could be affected by team members who are not familiar with the JIT system (Jenkins 2022). Unless that worldwide supply chain breakdown, the positive impacts have generally outweighed the negative DIFFERENT STRATEGY BETWEEN COUNTRY The main advertising technique of Toyota differentiation strategy implementation, which helps companies to produce right cars for the local customers and compete with others. Moreover, it also lets Toyota price the products tactically to pursue higher profits (Strategy factory 2023). [...]

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