Kia and Hyundai Motors According to the Kia Homepage (2000), Kia Motors and Hyundai Motors partnership with Jiangsu Yueda Group, a Chinese local partner, to establish a production plant with an annual capacity of 300,000 vehicles marked the successful entry of the Korean auto makers into the Chinese market. The parties in the partnership agreed… Continue reading Kia and Hyundai Motors summary.
Management models at successful institutions: Case study of Toyota management model According to the studies conducted by Hohn (2009), the best-practice models for supply chain management from a performance point of view still remained those based on the Japanese “keiretsu” relations, of which the Toyota management model formed part of (p.14). The “keiretsu” relationships emphasized… Continue reading Management models at successful institutions.
Ford Motors China’s rough terrain plus its growing number of rich citizens have facilitated increased purchasing of Ford vehicles for instance, the Ford Escape. The Ford Escape was well suited to China’s demography in addition to being fuel-efficient. As such, Ford has been able to pose relatively stiff competition on the Chinese market. Also, Ford’s… Continue reading Ford Motors summary.
Comparison of Toyota and other rivals Honda Motors Honda Motors had successfully fought to redeem its earlier perceived “bad” image of being a dominant Japanese motorcycles producer to become a renowned world wider auto producer. According to Chinese association of Automobile Manufacturers (2009), Honda’s first fully-fledged entry in Chinese auto market had come as early… Continue reading Comparison of Toyota and other rivals.
Management models and their application Management models have not been miracle cures in the sense that any institutions that applied them were guaranteed success. Jonker and Eskildsen (2009) noted in their studies that the application of management models was hard work that called for dedication, persistency and courage prerequisites (p.7). The reason why the two… Continue reading Management models and their application.
Other factors which facilitated Toyota’s entry into Chinese market Other than the components stated above in the TPS, the following philosophies, which also constitute part of TPS, facilitated the successful expansion of Toyota into the Chinese market; The 4P Model The 4p model has the following components: Philosophy Philosophy requires that all Toyota’s inventions and… Continue reading factors which facilitated Toyota’s entry into Chinese market
Toyotas expansion into Chinese market Before its entry into China, the Chinese auto market was an already competitive market that was dominated by the well established automakers of Kia Motors, General Motors, Honda Motors, Ford Motors, and Isuzu amongst others. At the time of Toyota’s entry in 2002, the Chinese auto industry market was growing… Continue reading Toyotas expansion into Chinese market
Abstract The modern day business markets exhibit extreme volatilities that make it difficult for their managements to rely on conventional wisdoms and past experiences when trying to effect best management strategies (Uva 2006, p.1).The selection of best management models has called for the top management to carry out intensive research in their organizations to determine… Continue reading The Expansion Of Toyota Research Abstract.
Components of the Toyota management models The Toyota management model is made up of the key strategy, namely, The Toyota Production System (TPS), also referred to as the Lean manufacturing system. Drawing from Goldsmith (2011) research, The TPS boasts of more than 50 years of experience-leading to its successful adoption and implementation across many business… Continue reading Components of the Toyota management models.