Essay on Toyota Samsung

Submitted By obaidhasan12345
Words: 2394
Pages: 10
Open Document
Toyota Japan

Became largest automobile manufacturer in the world for the first time in 2008
Most of its nearly 600 subsidiary companies are involved in the production of automobiles, automobile parts, and commercial and industrial vehicles
Toyota Motor Corporation began in 1933 as a division of the Toyoda Automatic Loom Works, Ltd. (later Toyota Industries Corporation, now a subsidiary), a Japanese manufacturer founded by Toyoda Sakichi under the direction of the founder's son Kiichiro Toyoda
He had traveled to Europe and the United States in 1929 to investigate automobile production and had begun researching gasoline-powered engines in 1930
Toyoda Automatic Loom Works was encouraged to develop automobile production by the Japanese government, which needed domestic vehicle production, due to the war with China
Its first production car, the Model AA sedan, was released in 1936. The following year the division was incorporated as the Toyota Motor Company Ltd
Toyota subsequently established several related companies, including Toyoda Machine Works, Ltd. (1941), and Toyota Auto Body, Ltd. (1945)
Faced with wrecked facilities and a chaotic economy in the aftermath of World War II, the company was forced to temporarily suspend its automotive production
The company was on the brink of bankruptcy by the end of 1949, but the company eventually obtained a loan from a consortium of banks which stipulated an independent sales operation and elimination of "excess manpower"
After World War II, Japan experienced extreme economic difficulty. Commercial passenger car production started in 1947 with the model SA
In June 1950, the company produced only 300 trucks and was on the verge of going out of business
The management announced layoffs and wage reductions, and in response the union went on a strike that lasted two months
The strike was resolved by an agreement that included layoffs and pay reductions but also the resignation of the president at the time, Kiichiro Toyoda
Toyoda was succeeded by Taizo Ishida, who was the chief executive of the Toyoda Automatic Loom company
The first few months of the Korean War resulted in an order of over 5,000 vehicles from the US military, and the company was revived
By the 1950s Toyota’s automobile production factories were back in operation, and to gain competitiveness the company began a careful study of American automobile manufacturers, owing to perceived U.S. technical and economic superiority Toyota executives toured the production facilities of corporations, including the Ford Motor Company, to observe the latest automobile manufacturing technology and in turn implemented it in their own facilities, yielding nearly immediate increase in efficiency
In 1957, the Crown became the first Japanese car to be exported to the United States and Toyota's American and Brazilian divisions, Toyota Motor Sales Inc. and Toyota do Brasil S.A., were also established
It was poorly received because of its high price and lack of horsepower
The Land Cruiser, a 4 × 4 utility vehicle released in 1958, was more successful
The first Toyota built outside Japan was in April 1963, at Melbourne, Australia From 1963 until 1965, Australia was Toyota's biggest export market In 1965 the Toyo pet, completely redesigned for American drivers, was re-released as the Toyota Corona, marking the company’s first major success in the United States
By the end of the decade, Toyota had established a worldwide presence, as the company had exported its one-millionth unit
During the 1960s and ’70s the company expanded at a rapid rate and began exporting large numbers of automobiles to foreign markets Toyota acquired such companies as Hino Motors, Ltd. (1966), a manufacturer of buses and large trucks; Nippondenso Company, Ltd., a maker of electrical auto components; and Daihitsu Motor Company, Ltd. (1967)
For several decades Toyota was Japan’s largest automobile manufacturer
The company continued to thrive in the American market as
Show More

Related Documents: Essay on Toyota Samsung

Core Comp of Corp Essay

Consumer reports are showing that 7 of the 10 lowest car models in reliability are domestic, while all of the top 10 models are foreign. Furthermore, Japanese car companies identified more energy efficient cars as a core competency. As a result, Toyota Prius became a blockbuster product. On the other hand, GM co-chairman expressed that GM will continue to build hybrid cars despite losing money on them. Clearly, they haven’t endorsed energy efficient cars as a core competency. Chevy, has launched…

Words 434 - Pages 2

History: South Korea and Global Market Essay

elders who have more experiences in the field. It causes tension between the older subordinates and the younger superiors because the ones who worked longer feel that they should get more respects instead of being ordered around the young. Like the Samsung slogan said “Change everything except for your wife”, more workers developed to have less loyalty to their companies because they don’t expect to work for the same company during the lifetime. Co-workers start to steal each other’s idea which leads…

Words 1865 - Pages 8

Essay Learning Reflection

WHAT COMPUTER ENGINEERS DO Computer Engineering (CpE) – a combination of electrical engineering and computer science - deals with the study of computing ranging from microprocessors to supercomputers. Computer engineers are electrical engineers who specialize in either software design, hardware design or both. Specialization areas include: • • • • • • • • • • • • • • Microprocessor and Microcontroller Systems, Assembly Language Programming, Coding, Cryptography and Information Protection, Distributed…

Words 658 - Pages 3

Marketing: Culture and santos Globalization Paper

only produced in other countries and experience foods from different cultures and ethnicity’s that have resettled in our country over time. Also, we get access to popular foreign products such as the Gucci name brand and foreign cars like BMW and Toyota. The good quality of acquiring and trading products is that it develops some type of correspondence and relation between countries which is always affirmative and somewhat favorable for both sides. If globalization did not exist in our country, America…

Words 515 - Pages 3

Examples Of Legal, Political, Ethical Dimension

Legal, Political, Ethical Dimension - Week 5 Midterm 1. Question : TCO B. After the 2010 fall election, the Democratic National Committee (DNC) decides to take matters into its own hands. During the lame duck session, they pass a new "Elections Are Free Act" that requires single people who make more than $75,000/year or married couples who make more than $150,000/year to provide a copy of their tax return to their local county officials before being allowed to register to vote. The return must…

Words 3933 - Pages 16

Essay about Supplier Business Strategies

domestic. According to the WSJ, today Japanese customers amount to little more than 20 percent. Both suppliers have reached out to supply components to major smartphone and electronic tablet OEM’s including the lucrative supply chains of both Apple and Samsung. Both suppliers are working on longer-term efforts towards expanding their diversified industry presence. TDK is focusing on components utilized in electric and hybrid automobiles along with energy distribution systems for buildings. With a trend…

Words 548 - Pages 3

Certain To Win Boyd Conflict Manoeuver Essay

Century Or, any position other than first is a tie for last. Chet Richards J. Addams & Partners, Inc. prepared by Prof. Sornette, ETH Zurich 1 Wars don’t always turn out as expected Business doesn’t either But it’s not inevitable Automobiles Toyota, Nissan Retailing Wal-Mart, Target Airlines Southwest, JetBlue, Singapore, Emirates, Ryanair, AirTran Computers Dell, Apple 2 Time is special • Time is the only physical parameter with a direction (the “arrow of time.”) • You don’t have an…

Words 1773 - Pages 8

Sun Kim Research Paper

the age of eight years old she went to go live with her aunt in Switzerland where her love for the sport increased. It was not till the age of eleven years old that Kim was truly recognized. She did many sponsorships with brands like Nike, Toyota, Visa, Samsung, and ect. Kim now works as an athlete for the US Olympic snowboarding team. Kim had many accomplishments both before and after joining the olympic team. In 2015 Kim won gold at the X Games.In 2016 Kim earned two more gold medals (one at the…

Words 607 - Pages 3

Essay on Samsung Case Study

Maintaining the “Single Samsung” Spirit: New Challenges in a Changing Environment Caryn Ng Kar Yan B1102572 Keah Mei Sian B1102580 Nur Fathiha Bte Johan Ariffin B1100381 Mohd Roshan bin Mohd Yusop B0101223 Sarkunarajah S B1001971 Wan Arjunaidi Bin Awang @ Wan Abdul Halim E0300073 Abstract Samsung portrayed a very interesting and impressive success story in every aspect of development. Although they were hit hard by financial crisis in 2009, Samsung survived the ordeal with…

Words 6158 - Pages 25

Samsung Case Study Essay

Maintaining the “Single Samsung” Spirit: New Challenges in a Changing Environment Caryn Ng Kar Yan B1102572 Keah Mei Sian B1102580 Nur Fathiha Bte Johan Ariffin B1100381 Mohd Roshan bin Mohd Yusop B0101223 Sarkunarajah S B1001971 Wan Arjunaidi Bin Awang @ Wan Abdul Halim E0300073 Abstract Samsung portrayed a very interesting and impressive success story in every aspect of development. Although they were hit hard by financial crisis in 2009, Samsung survived the ordeal with…

Words 6180 - Pages 25