BUSN300 Unit 5 IP Research Paper Example | Topics and Well Written Essays - 1000 words

BUSN300 Unit 5 IP - Research Paper Example It has factories that spread over six continents  dealing  with the production of automobiles Toyota Business Environment Every organization, regardless of the business they are doing, is exposed to a lot of factors that has an effect on the performance of a company and also the strategies and decision making of an organization. It is therefore important for companies to be informed about these factors since they can have an influence on the plans and strategies of a company Challenges faced by Toyota Motor Corporation Toyota Motor Corporation being an international company faces a lot of legal and business challenges that have affected the strategies, plans and decisions of the organization and also the entire automobile industry. Some of the challenges include: The products of Toyota company are found everywhere in the world and the company supplies its automobiles to various countries globally. Competition is none of the greatest challenge the company has to deal with since th e company is operating in a competitive environment. Factors like the features and quality of the product, research and development time, safety, reliability, pricing, customer service, pricing terms and fuel economy. The company has been offering world class products which have made it to be a leader in the market and its products are facing steep competition. Nevertheless, the company has been leading on the market which led to the company being awarded as the number one company in sales of automobiles. The company was affected by the economic crisis that was experienced in 2008 in the US. Since the company is the leading manufacturer of the automobile, its turnover of over $17 billion was shaken due to this economic downturn. This was attributed to the fall of consumer spending that affected many households. The company was able to survive the economic turmoil since it had other services like biotechnology and other financial services. Furthermore, the company had to let off some temporary workers and also had to reduce car production of automobiles Toyota Company had to recall over 14 million Lexus and CamrySolara models of vehicles which had an acceleration problem. This problem was traced to the vehicle accelerating itself while driving at a low speed. This has increased the number of accidents that have been experienced all over the world. The company was forced to respond to questions that were asked by the customers about the quality of the products. Despite the challenges faced by the company, the management of the company has focused their attention on solving problems and service delivery to the customers. The company had to use the SWOT analysis so as to understand the business Strengths The company has a global production plant in six continents. The company has the capacity to produce the best services as compared to other competitors. The greatest strength of the company is the manufacturing of quality products to the customers. Though some peo ple  are  not be in a position to buy the automobiles of the company, the company still has a growth in its sale due to the production of quality and reliable products. This allows the company to serve both private and commercial organizations therefore dominating in all sectors f the market Weaknesses The company is only focusing on big economies and forgets emerging economies. Opportunities Presence of new technology has facilitated the company in producing Eco-friendly automobiles. The

Intro to build environment Essay Example | Topics and Well Written Essays - 2250 words

Intro to build environment - Essay Example As early as May 1999, even before the actual construction had begun the cost estimates had been revised with additional money required for Site acquisition, demolition and archaeology; Fees, VAT and contingencies; and fit-out, loose furniture, IT, etc, and a figure of 90m for the projected costs of the project was produced. This was immediately revised to 109m as being the estimated cost of the project, including construction cost of 62m (SPCB 1999). The main reasons cited for cost increase were: a) increase in floor area to accommodate additional staff and offices; b) an increase in the amount of circulation space required; and c) changes to the specification for a formal entrance. The time for completion, including all internal fit-outs, was projected as the autumn of 2001. The project was finally completed in 2004 at a cost of 375.8m! There had been major changes to the project specification since the first cost estimate was produced for the project. These included an increase, between December 1997 and February 2000, of 11,240m2 (a 56% increase) in the total gross area (from 20,070m2 to 31,310m2). If one excludes the additional car parking provision, there was, over the same period, an increase of 13,109m2 (an 80% increase) in the gross area (from 16,470m2 to 29,579m2) (all numbers from Spice Briefing, ibid). In relation to the costs, the letter of 10 June 2003 r... In relation to the completion date, the letter of 10 June 2003 stated that the target completion date was still November 2003 but that more detailed information was being sought on this matter. The Auditor General of Scotland, Mr. Black, investigated the reasons for the gross cost overrun and delay in execution of the project. His report looked at questions of cost, how resources had been used and managed, and the overall conduct of procurement. Construction projects often run into problems and fail to meet the desired objective. The objective, in the eyes of the client, can be summarized by stating that it is 'value for money' which implies that, even if the building is not the cheapest, the entire combination of whole-life costs and quality costs is optimal. Uncertainty is an essential element of all projects especially those related to construction. These can be categorised under four broad categories: 1. The scope of the work may change, 2. The quality specifications of the work to be done can change, 3. The costs might escalate, and 4. The time scheduled for completion may not be correct Increased integration between financial and real sectors of the economy, and major capital commitments in the building, means that the poor quality of risk management in construction has perhaps a greater significance at present than at any other time since the 1970s (Flanagan & Norman, 1993). In this report we address the problem of the cost and time over-run that resulted from a faulty procurement system adopted in the construction planning and execution process for the new parliamentary building in Holyrood; in light of the report of the Auditor General of