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Hybrid Car Industry - Toyota PDF

Business Essentials: Extended Project - 2018. The assignment includes a group poster presentation and an individual written report. The submission deadline for the poster presentation is w/c Monday 25th June 2018, 10am, and for the individual written report is Monday 13th August 2018, 2pm. The assignment is worth 30% for the poster presentation and 70% for the written report.

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Added on  2021-01-15

Hybrid Car Industry - Toyota PDF

Business Essentials: Extended Project - 2018. The assignment includes a group poster presentation and an individual written report. The submission deadline for the poster presentation is w/c Monday 25th June 2018, 10am, and for the individual written report is Monday 13th August 2018, 2pm. The assignment is worth 30% for the poster presentation and 70% for the written report.

   Added on 2021-01-15

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Threat of new entrants: it is a weaker competitive force that may impactoverall performance of the cited auto mobile manufacturing entity.As per various surveys and analysis, it has been found that big countries like China,USA and nations of EU are major consumers of electric and hybrid vehicles.These nations are very supportive for the use of electric and hybrid vehicles.The electric and hybrid automobile manufacturing sector faces many issues that canimpact the business performance and growth to a greater extentDifferent organisational and operational aspects will be taken by Toyota Group intoeffective consideration.TOYOTA HYBRID CAR INDUSTRYHybrid and electric cars are major concept that has been taken in consideration by many auto mobile companies. The hybrid car sector helps in proper rise in placing of a company in technological and auto mobile market in an effective way. This is however a new concept that is been covered by only few car manufacturing firms.Concept of hybrid carsThe concept of hybrid cars and electric vehicles is comparatively new in automobile market sector. These are highly developed and technological vehicles that operate on both fossil fuel and electricity with equal ease. However, these vehicles are at present in their starting phase and require extensive research and development. Business sectorThe electric automobile business sector is one of the fastest emerging markets that have high potential and chances of growth. High costing of petrol, diesel and other carbon-based fuels increase in pollution and rise in environmental concerns that have been major driving factor. Competitive players and forcesSome major firms like Tesla Motors, Honda Motor Co, Ford Motors are operating within this industrial sector and can prove as major competitors to Toyota Group. Thus, the cited firm is required to effectively manage thesecompetitors’ as one of the market leaders (Cherubini, Iasevoli and Michelini, 2015). Competitive rivalry: It is a strong force that impacts company'sperformance.Toyota Group will face major competition while handling businessoperations and actions that help in superficial support to increase the overallperformanceBargaining power of Buyers: Hybrid and electric cars tend to be quiteexpensive as compared to normal automobiles. Bargaining power of suppliers: Suppliers are one of the major parts of citedfirm's stakeholders and support in effective execution of its business operationsand functions.Threat of substitution: the chances of substitution are very meagre but prevailsin the hybrid and electric auto mobile sector.ReferencesBudde, B., Alkemade, F. and Hekkert, M., 2015. On therelation between communication and innovationactivities: A comparison of hybrid electric and fuelcell vehicles.Environmental Innovation andSocietal Transitions,14, pp.45-59.Cano-Kollmann, M. and et.al., 2018. Burying the Hatchet forCatch-Up: Open Innovation among IndustryLaggards in the Automotive Industry.CaliforniaManagement Review,60(2), pp.17-42.Cherubini, S., Iasevoli, G. and Michelini, L., 2015. Product-service systems in the electric car industry: criticalsuccess factors in marketing.Journal of CleanerProduction,97, pp.40-49.
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