External Environmental Analysis of Toyota Motor Corporation
Added on 2019-12-28
21 Pages6492 Words1248 Views
Business DevelopmentFinanceProfessional DevelopmentData Science and Big DataMaterials Science and EngineeringEnvironmental SciencePolitical ScienceLaw
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Business and business environment1| P a g e
ContentsLO1.........................................................................................................................................................1. Explain different types and purposes of organisations; public, private andvoluntary sectors and legal structures...................................................................................................Generally there are some hybrid non profitable organizations which have no legalliability such as public schools and health care centres. Nottingham High School,Uppingham School, Harrow School, Hospitals and Clinic of the University ofKentucky are considered as non-liability organization in UK. Those non profitableorganization voluntary served the students and patients. The business concept ofthat organization is that the people have to pay their debits for services. On theother hand being non-limited liable company, the organization does not publishtheir annual financial report. ..................................................................................................................2. Explain the size and scope of a range of different types of organisations. ......................................LO 2........................................................................................................................................................3. Explain the relationship between different organisational functions and how theylink to organisational objectives and structure.......................................................................................Conclusion............................................................................................................................................Task 2:.....................................................................................................................................................Introduction:..........................................................................................................................................LO3.......................................................................................................................................................1.Demonstrate both the positive and negative influence/impact the macroenvironment has on business operations:...........................................................................................LO 4 .....................................................................................................................................................2. Determine the internal strengths and weaknesses of specific businesses andexplain their interrelationship with external macro factors...................................................................3. Explain how strengths and weaknesses interrelates with external macro factors..............................................................................................................................................................Reference list ..........................................................................................................................................2| P a g e
Task 1IntroductionAn organization is organized by group of people with a particular purpose such asbusiness or public serving. There are different types of action taken the managers inthe organization such as planning, coordination, structure selection, organizing,arrangement, running, logistics and management. Toyota is a popular globalautomobile organization established by Kiichiro Toyoda in 1937 at Japan (toyota-global.com, 2016). In 19th century the organization has already expand theirbusiness in different country including UK(Scheer, 2012). The organization has critically observed the change in business environment inglobal world. The demand of automobile has decreased the price of cars and fuelprices are gradually increased. Apart from the vehicle parts and equipment cost aregetting higher than last year. However, the value for money and innovativeproduction practice strategies of the organization help them to sustain in globalcompetitive market. Therefore, the continuous improvement strategy of theorganization helps them to get a reliable place in global automobile market(Sørensen, 2012). However, based on the recent competitive scenario in, the learnerhas planned to produce this report which will assist Toyota UK to understanddifferent functions in different organization and organizational structure of otherorganization. LO11. Explain different types and purposes of organisations; public, private and voluntary sectors and legal structures.Business refers to the convertible process of skills and materials according to therequest of customers or provides service as per the request of the customers. Asstated by Anandarajan et al. (2012), business environment contains different factorssuch as customers, resources, competitors, suppliers, distributors, industry trends,substitutes, regulations, government activity, the economy, population anddemography and innovation and technological development. It has been observedthat resources such as human, physical and financial resources are most importantcomponents for any organization. Global organization like Toyota may seek to gaincompetitive advantage through price, quality and marketing strategy. It has beenobserved that business prospective of organization has been affected by the several3| P a g e
factors such as technology change and government intervention. It has beenobserved that the customers are vital for organizational survival and prosperity. Ithas been noticed that the competitors of this type automobile industry are generallytwo types such as direct and indirect. There are generally five types such as private organization, public, governmentorganizations, co-operatives, charities and NGOs. As stated by Craig andCampbell(2012), private sector refers to the ownership and control of theorganization is controlled by the private individuals or group. A private company is one which does not allow general public to buy the shares ofthe organization. In other words the shares are privately held by the owners of theorganization. A public company is one which has the general mass as the shareholders of theorganization. The shares of a public company are listed on a stock exchange andthe holders of the shares get a percentage of profit which is also known as dividend. A voluntary organization on the other hand can be a private or a public concern.However these are mostly not for profit concerns. The limited company refers to the organization that mainly maintains the businessoperation. The limited company such as Virgin Atlantic, JCB and New Look areresponsible for in its own right for different management system such as financialmanagement, profit margin and corporation tax limit. The members or theshareholders are considered as owner of the organization. The owners select thedirectors who are responsible for running business. The directors are using skills,experience and judgement for success of the organization. The legal liability of theorganization is to return the invested amount to shareholders. Sainsbury’s is a public limited company in UK. The entire business operation hasbeen managed by 1200 supermarket and convenience stores, online groceries andgeneral merchandise operation. As stated by Sørensen (2012), the commercialenterprise undertaken jointly by two or more companies which retain their distinctidentities. It has been noticed that joint venture relationship is characterised byshared ownership, shared returns and risks and shared governance. Like most jointventure, Sainsbury’s developed the joint ventures along with land Securities GroupPlc and British Land Company Plc. Apart from that the banking service provides therange of quality banking and insurance service. The joint venture strategy is basedon different prospective such as percentage of profit, percentage of paid government4| P a g e
tax and percentage of revenue. According to the statistics, the Legal and GeneralGroup PLC holds approximately 3.98% market share among 121,435 share marketshares. It has been observed that the economy of the public sector is directly controlled bygovernment or government agencies. Therefore, the business operation is runs thedifferent types of organization on behalf of its citizens and for their general well-being. National Health Service is one of the popular public organizations in England.Public organization maintains stationary accounts and sends a confirmationstatement to company’s house. Company Tax return statement is send to HMRCand the organization is registered for VAT, if the organization earns more than£83,000 for a year. Apart from that the organization has to pay self-assessment taxreturn and national insurance system through PAYE system.As stated by Tayuret al. (2012), the activities of the voluntary sector are involving indifferent organizations such as charity, voluntary bodies and business community.Those organizations are basically non-profit enterprises and non-governmentalorganization. It has been noticed that Cancer Research is popular voluntaryorganization in UK. There are four types of legal structure of the organization suchas getting a group started, responsibilities of the management committee, route mapand legal structure for the group. The group started organization has to followspecific legal structure such as:Arrange an initial meetingPublicise the aim of the organizationVenue and facilitiesAgendaInvolve everyone in discussionGather names and addressesSet a specific date for next meetingFollow the constitutionAs opined by Werbach and Hunter (2012), the concept of business organization likeToyota UK covers different types of sectors such as people, objectives, managementand resources. The business concept of Toyota depends on different factors such asprofit, market share, technical excellence and corporate social responsibility. It hasbeen observed that Toyota is typically sole traders’ organization. Therefore they can5| P a g e
easily develop their business without any legal formalities. The owner or the centrehead has total control on their business. It has been found that entire businessoperation of Toyota manages by headquarter in Japan. The management itselfchoose the working time and patterns of working for their organization. The humanresource department able to establish close personal relationships with staffs andmarketing team establishes close relationship with customers. The entire businessoperation of Toyota is based on interest and skills of the top management ratherthan employees. Generally there are some hybrid non profitable organizations which have no legalliability such as public schools and health care centres. Nottingham HighSchool, Uppingham School, Harrow School, Hospitals and Clinic of theUniversity of Kentucky are considered as non-liability organization in UK.Those non profitable organization voluntary served the students and patients.The business concept of that organization is that the people have to pay theirdebits for services. On the other hand being non-limited liable company, theorganization does not publish their annual financial report. 2. Explain the size and scope of a range of different types of organisations. There are generally five types’ organizations like private organization, public,government organizations, co-operatives, charities and NGOs. It has been noticed that limited companies are generally corporate association; theyhave legal identity in its own right. Therefore, the properties and other assets areowned by company but not their members. On another hand the assets of themembers are not for organization use. Therefore, the liability of the individual islimited. As stated by Sharma et al. (2012), limited companies have been formed by two ormere individuals. It has been found that business partner have to submit differentdocuments such as memorandum of association and articles of association. As argued by Zairi (2012), the private limited companies must have minimum oneshare holder but organization can offer large share to the public. However, theorganization can offer large share to those people who want to sign businesscontract with this organization. It has been noticed that public limited companieshave started as a public limited companies. 6| P a g e
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