Introduction of Toyota Motor Corporation

Toyota 1. Introduction The Toyota Motor Corporation is a leading global enterprise, generating the eleventh largest revenues in the globe, and representing the third largest automobile manufacturer in the world, after General Motors and the German group Volkswagen (Crown Motors). Toyota is nowadays a leading retailer throughout the world, especially within the United States, and this leading position has been attained due to the company's increased ability to understand the needs of the market and adapt to them. Throughout this project then, the emphasis would be placed on the identification of the various opportunities and threats, as these emerge from the external environment and impact Toyota. These threats and opportunities would be presented, as well as assessed based on the company's ability to respond to them. The initial hypothesis is that the company is sufficiently skilled and capable to adequately address these threats and opportunities.

2. Opportunities for Toyota

A first and foremost relevant example of the external opportunities with which Toyota is presented includes the very reason which made the company become a leading retailer in the United States, dethroning Ford. This namely refers to a series of changes within the society, which drove the consumers to seek more fuel efficient engines; for instance, the fluctuating price of oil, the increasing costs with automobile maintenance or the growing concerns for pollution and greenhouse gases. Get

An Introduction to Business

Business plays a major role within our society. It is a creative and competitive activity that continuously contributes to the shaping of our society. By satisfying the needs and wants people cannot satisfy themselves, businesses improve the quality of life for people and create a higher standard of living.

It is a way for individuals to provide goods and services to consumers, and at the same time, produce a profit for themselves. Businesses are not only important because they provide goods and services for consumers, but they also improve the economy and increase jobs for people within society which is an additional fact producing a higher standard of living. To measure our societies standard of...show more content... International trade deficits occur when a nation imports more then it exports. The Decline of Smokestack America is when there is a change from an industrial to a post–industrial economy. Finally, the conservation of energy is so that there are a sufficient amount of natural resources necessary to produce goods. General economic growth or stagnation also has an important influence on business within our society. Many factors can affect it's condition, such as war, new inventions and technology, political assassinations, the discovery of physical and natural resources, labor negotiations, government action, and many others. When the economy is strong and the demand is high, businesses can prosper. Regardless of how great the economy may become, businesses still must compete with other firms for scarce raw materials and labor.

A businesses environment creates many opportunities as well as problems for prospering businesses. The environment determines what a business can do by shaping and channeling its development. Businesses function within an environment by allowing entrepreneurs to raise capital and create profits freely. The supply of money available within a business as well as the economic stability through times of growth and recession have strong effects on businesses. Not only is the physical environment, including natural resources, pollution and energy as discussed previously, important, but many other

My Teaching Philosophy I believe that education extends far beyond the classroom walls, and involves many more people than students and teachers. People should be learning wherever they go, and should continue learning long after they've graduated from high school or college. Education isn't something that can be quantified with tests or report cards, but is instead something that people carry with them. It's a survival pack for life, and some people are better equipped in certain areas than in others. People with a solid education are prepared for nearly anything, as they will be able to provide for their own physical, emotional, and aesthetic needs. That being said, I also believe that a crucial part of education does...show more content...

The roles of a teacher are so many and so varied that it is impossible to list them all, but one of the most important is preparing students to learn, not only in the classroom, but everywhere, and for the rest of their lives. Learning is not a skill that is necessarily instinctual or easy, and therefore different approaches must be used to make learning easier and more fun for students. Teaching is not a skill that can be memorized or made repetitive, and so teachers must continue to challenge not only their students, but also themselves. Teachers that become complacent in their jobs are not good teachers. Those who can find a way to make an old lesson new and exciting will have an energized classroom, and will be reenergized themselves. Every child is different. That sounds like an obvious statement, but so many ineffective teachers seem to forget this. Each student has his or her own varying abilities, talents, and levels of competence, and it is the job of a teacher not only to recognize this, but to help each student recognize this as well. If a child isn't doing well in a particular subject, both the teacher and the student should work towards figuring out why, and the teacher should accept the challenge of finding a way to make a particular subject more

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Budget

Budget is the major financial and economic statement. The role of the budget is to keep track of the money coming in and the money going out. It is essential part of running any business effectively. It can help make a short and long term projections about financial situation, avert a financial crisis and plan for major financial changes.

The company has to be able judge its spending performance. Does not matter what type of company it is, the ability to measure performance using budgets is an important process in any business organisation. Planning helps to understand where business is at present and where it is going to be in the future. Company's planning process has to involve different developing objectives and prepare...show more content...

Another advantage is control and evaluation. It helps to think about how to correct company's problems, if they have them. Motivation is another important advantage. Budget can motivate to reach the goals. It also can force managers to think and plan for the future. Budgeting helps to ensure that everyone in the organisation is pulling in the same direction. The budgeting process provides a means of allocating resources to those parts of the organisation where they can be used most effectively. A budget can be disadvantageous also. There is judgment and subjectivity in the budgeting process. It does not consider quality and customer service. Budgets can be seen as pressure devices imposed by management, thus resulting in: bad labour relations. Budget could results departmental conflict arises due to disputes over resource allocation, and departments blaming each other if targets are not attained. It is difficult to reconcile personal and corporate goals

In conclusion, every major company in the world uses budgeting and there is a good reason for that. It is an important component of financial success. Budgeting makes easier to achieve financial goals. It keeps track of all expenses and help to avoid crisis. It also helps companies to control their growth and provide them with realistic idea where business is going.

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