Customer Service Report for Toyota Motor Corporation
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Added on 2023/06/11
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This report analyses the overall organizational products and services along with the gaps in the organizational products. It also provides ways to mitigate those gaps in terms of customer service quality and relevancy.
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Running head: CUSTOMER SERVICE REPORT Customer service report Name of the student Name of the university Author note
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1CUSTOMER SERVICE REPORT Introduction This report has taken Toyota Motor Corporation as the organization of choice and will analysetheoverallorganizationalproductsandservicesalongwiththegapsinthe organizational products. The basic requirement of the report is to develop a customer service report which could be presented to authorities along with the gaps and ways to mitigate those in terms of customer service quality and relevancy. Body (900) Company Name, vision & mission, location and customer services and products The name of the organization isToyota Motor Corporation. The vision of the organization is to become the most respected and successful automobile company in the global market. The mission of the company is to gain and attract consumers by developing high valued products and quality services. Toyota provides best quality automobiles to their consumers and is located in Port Melbourne in Australia (Toyota-global.com, 2018). The organization provides cars of different ranges to different consumers according to their needs. Target customers and customer segments Toyota uses geographic, psychographic and demographic segmentation for profiling their consumers and analysing the different segments of their consumers. Toyota uses differentiated target marketing and develops products based on the needs of the different consumer segments (Toyota-global.com, 2018). Toyota mainly targets consumers between the age group of 30-50 and middle income group population and provides vehicles which have value for money for the consumers. Description of specific words and phrases used for research in online medium The information about the consumer segments have been taken from the annual report of the organization over the past years which is the most reliable source of information regarding the organization. The key word used are “Toyota Motor Corporation annual report”. Methods used to determine customer’s needs The organization conduct continuous market analysis by using business intelligence and analytics tools for identifying the current industry and needs of the consumers (Salehan
2CUSTOMER SERVICE REPORT & Kim, 2016). The analysis of the consumer purchases of automobiles provides insights on the frequency of purchase of the different products in the market. Role of promotional strategies in targeting customers’ needs Promotionalstrategiesplayacrucialroleinbrandingwhichmeansthatthe promotional strategies increases the brand awareness and image of the organization. It will help to interact with the clients and get relevant feedbacks which provides knowledge about their needs (Leeflang et al., 2014). The promotional strategy helps in identifying the gaps within the market so the organization can develop products to mitigate that need. Procedures to ensure that promotional strategies are up to date and relevant to the customers’ needs (numerical data such as sales figures) Toyota use continuous innovation in developing effective marketing strategies which can be seen from their annual spending on promotion. The sales figures and spending shows that the promotional strategies are up to date and relevant to the present needs of the consumers. Figure 1: Promotional data (Source:Newton, 2018)
3CUSTOMER SERVICE REPORT Figure 2: Promotional data (Source:Newton, 2018) Products or services are offered to each segment and the measure The figure and the table below shows the offerings to the different segment where material handling equipment and automobile generate majority of the revenue. Therefore, the organization is more focused on the segments that are providing majority of the revenue. The organization has been innovation and investigating in research and development to provide consumers both in B2C and B2B with higher quality products.
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5CUSTOMER SERVICE REPORT Others23.424.755.258.060.3 Table 1: Segments (Source:Corporation, 2018) Gap in customer’s need not met by this product Toyota deals with mid-range consumers so all the automobiles belong to those segment and lack in the luxury segment and development of sports cars (Zokaei et al., 2016). Therefore, there is huge market and demand which the organization has been able to address to. Alternative products in the same market Volkswagen, Honda and Mazda are the different companies offering luxury and sports car. This sports car has high profit margin, it is a niche market and has a high value in terms of brand. Toyota being a people ‘s brand entering in the luxury and sports segment may increase their revenue generation streams due to their string supply chain which will enable them to gain cost leadership in this segment (Newton, 2018). On the other hand, this strategy may back fire as the organization as it will increase the overall cost of operation, may affect thecurrentsalesanddifficulttoalignwiththecurrentgoalsandobjectivesofthe organization. Assisting customer in product determination and relevant alternatives in the product range, prioritising customer’s needs In order to assist the consumers in making their purchase decisions, the staffs will have to interact with the consumers to identify their needs and offer them products that will best suit their needs. Suppose a consumer wants a low price car with good mileage and space capacity. The representative will have to know all the specifications of the consumer and suggests car such as sedans and SUV’s in that range. There are certain consumers that are more focused on the look of the car so the organization will have to suggest cars that will fit in to the requirement of the consumer. Customers’ rights in regards to faulty products The consumer right acts are as follows:
6CUSTOMER SERVICE REPORT Competition and Consumer Act 2010(CCA) SA Fair Trading Act 1987 This acts protect the interest of the consumers by providing them opportunities with dealing with fraudulent activities and faulty products (Business.gov.au., 2018). Procedures to ensure relevancy of product or services The staffs will be provided with adequate training to address to the needs of the consumers. Events and networks to ensure an ongoing pipeline of referrals In order to do so the organization should take initiatives to educate their clients and making the consumers feel like they are the partners of the organization. Therefore, the organization should host car exhibitions to educate the clients and interact with them and increase their chances of referral. Processdocumentationofcustomersatisfaction,customerconfidentialityand customers’ security Develop a single master for storing consumer data Use third party validation Data governance to control data Purge strategies, de-dupe and match merge for data cleansing Comparing recommendations with current practices The organization current practices are quite similar to the recommended practices but certain changes have to be made to the data management within the organization. The consumer data will have to be kept in a more secure environment to protect their interest. Distribution of report and feedback The customer service report will have to send to the board and the higher level of management and the representative will take feedback from the mid-level managers to make improvements to the report. Conclusion The report has developed an effective customer service report for the organization named Toyota which consist of the present strategies and the new strategies that will have to be implemented to improve the consumer experience.
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8CUSTOMER SERVICE REPORT References Business.gov.au.(2018).Fairtradinglaws.Retrievedfrom https://www.business.gov.au/info/run/fair-trading/fair-trading-laws Corporation, T. (2018). Sales by Segment | Toyota Industries Corporation. Retrieved from https://www.toyota-industries.com/investors/earnings/divisions/ Leeflang, P. S., Verhoef, P. C., Dahlström, P., & Freundt, T. (2014). Challenges and solutions for marketing in a digital era.European management journal,32(1), 1-12. Newton, B. (2018). VFACTS 2017: Toyota and HiLux top sales again - motoring.com.au. Retrieved from https://www.motoring.com.au/vfacts-2018-toyota-and-hilux-top-sales- again-110428/ Salehan, M., & Kim, D. J. (2016). Predicting the performance of online consumer reviews: A sentiment mining approach to big data analytics.Decision Support Systems,81, 30- 40. Toyota-global.com.(2018).Retrievedfrom http://www.toyota-global.com/pages/contents/investors/ir_library/annual/pdf/2017/ annual_report_2017_fie.pdf Zokaei, K., Lovins, H., Wood, A., & Hines, P. (2016).Creating a lean and green business system: techniques for improving profits and sustainability. Productivity Press.