Toyota possessed absolute competitive advantage on the efficiencybasis of Toyota’s competitive advantage? In other countries in Africa, the auto market is flooded with Toyota vehicles since they perform well, their accessories are easily available and are affordable to a large part of the population.
Apart from all these the Japanese market being a small domestic one and shortage of capital made the mass production model for Toyota unsuitable. In many of the customer countries, the demand for Toyota vehicles is relatively high compared to other companies. This partnership was to use Microsoft’s Azure platform telematics involves merging information technologies in vehicles with telecommunications (Ballmer, 2011).
On the other hand, BMW can utilize the partnership to enter Japan’s auto market. These innovations brought changescopy the advantages of the strategy (Barney, 1991). The success of Toyota Corporation is based on its good corporate culture, good relationship with suppliers, partners, customers and competitors.
… For the strategy to be competitive, it must provide efficiency and flexibility to the organization so that it can meet and exceed the expectations of its customers (Albaum, 2006). The reduced power distance, insistence on teamwork and persistence in their core values provides Japanese corporations with a global competitive advantage especially in decision making, cohesive workforce and quality management.The competitor country for Toyota Corporation is the United States of America because that is General Motor’s home country. Consequently, profit margins are high. Characteristics such as labour costs and technological advances in supplier countries influence the decision made by Toyota Corporation on supplier to be given a tender.
Hosfede’s cultural dimension framework provides insights to the corporate culture of corporations in Japan and particularly Toyota Corporation. The success of Toyota was affected very badly by the economic recession as the banks were facing a very tough time. Commitment to your new Toyota from Advantage Toyota continues long after you drive it out of our showroom for the first time. This competition in an industry with high entry and exit costs has led Toyota to seek a competitive advantage in their information systems. This practice allows the prices for the auto parts to go down. Supplier countries with low labour costs and high quality product provide Toyota Corporation with a competitive global advantage because the company spends less than competitors on supplies.
HR management :-In a highly competitive environment, human resources can be a source of competitive advantage.
This is an indication of a culture with a long term orientation.
Toyota Production System(TPS) which also known as lean manufacturing system is developed by Toyota to provide highest quality, cost-effective and shortest lead time through the elimination of waste. • Toyota reduced the flaws of production by reducing the setup time by manufacturing the parts in batches. The skills can be human, technology and many other things.
This decision has been encouraged by the political will of America to promote the growth of home companies. Moreover in a mass production system a single task is assigned to the assembly line workers which makes their job very monotonous and they were least interested about the quality of the resources and in minimizing the defects and further the mass production system could customize the products as per the preference of the consumers. Ans) The reason of Toyotas high ground is on an exceptionally essential level of taking after reasons: Before competitors emerge with more superior technologies, Toyota will have a big market share and sales globally.The global penetration extent of Toyota Corporation makes it hard to explore each country within which the corporation operates. This provides Toyota Corporation with a global competitive edge. First, Toyota Motor Company exists mainly in the automotive markets which house a significant number of competitors.
Previously, General Motors had invested highly on employee pension and health benefits. Toyota was one of the largest producer in the global industry by beating General Motors (GM). There is one major player in automotive industry that even overtakes its domestic competitors and is today it is widely measured as the essence of success story which is the Toyota Motor Corporation.