Toyota Motor Corporation's Impact on India's Automobile Market

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UNIT 6
MANAGING A SUCCESSFUL BUSINESS
PROJECT
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Table of Contents
INTRODUCTION...........................................................................................................................................3
LO1..............................................................................................................................................................4
P1 & M1...................................................................................................................................................4
P2 & M1...................................................................................................................................................5
P3 and M1...............................................................................................................................................8
LO2............................................................................................................................................................10
P4...........................................................................................................................................................10
M2.........................................................................................................................................................12
LO3............................................................................................................................................................13
P5 & M3................................................................................................................................................13
P6 & M3................................................................................................................................................20
LO4............................................................................................................................................................21
P7 & M4.................................................................................................................................................21
CONCLUSION.............................................................................................................................................22
REFERENCES..............................................................................................................................................23
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INTRODUCTION
The term globalization is determined as the process which creates networks among the various
countries by establishing integration and interdependency towards the number of segments such as
market capital, labor, trade, communication, and technology. The terms business and globalization can
be defined to be interdependent on each other. Business can lead towards the expansion of products
and services by delivering it towards the various other parts of the world using the process of
globalization. The accurate utilization of globalization towards the business helps in dealing effectively
with trade barriers and accessibility towards the new market of the host country (Andersen, 2016).
An organization which provides the active business and accessibility of products and services in more
than one country is termed to be defined as the multinational company. The country within which the
set of operations are performed by the company is termed as the host country for an organization. The
country within which the headquarters of the organization is established is termed a parent country.
The multinational companies provide the capital in the form of investment which is termed as Foreign
Direct Investment contributing towards the development of an organization in host countries. The
report mainly includes the impact of globalization over the host countries along with the development
of an organization (Cassidy, 2016).
COMPANY PROFILE
The company named Toyota Motor Corporation has been included in the study of this report. Toyota
Motor Corporation is a multinational company ranked as a 6th largest company along with the 2nd largest
manufacturer in automobiles. The company has 369000 employees at present. It manufactures 10
million automobiles per year. It generates a revenue of £200 billion. In the present report, the host
country has been considered as India.
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LO1
P1 & M1
PROJECT MANAGEMENT PLAN
Objectives and Aims
In terms of defining the entry of a multinational organization towards the host country, the local market
of the country gets affected. As with an aim to establish the business structure of an organization
ineffective way the company up brings the set of experts along with the capital towards the defined
field, which affects the local companies of the host country. It leads towards the increase in the
competition level among the local companies and the multinational company. It serves as an
opportunity for the local organization to implement the best set of products and services towards the
sector of automobiles. Along with the increase towards the level of competition, the establishment of
the multinational company over the host country serves beneficial for the host country in many ways
which are analyzed in the present report (Chang et al., 2015).
PROJECT AIM
As per (Saunders and Lewis, 2012), the aim is “To determine the impact of Toyota Motor Corporation in
by including the factors such as social, economic and financial towards the business environment of host
countries”.
PROJECT OBJECTIVES
The objectives of the report are:
 To compare the level of unemployment before and after the entry of Toyota Motors.
 To evaluate the level of competition among the local market of automobiles
 To determine the level of income
 To analyze the various set of changes towards the local environment of the country
 To regulate the number of female workers towards the sector of automobiles
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P2 & M1
PROJECT MANAGEMENT PLAN
COST OF PROJECT
The cost of the project will be estimated on the basis of cost defined towards the execution of the
project. This may include the calculated set of expenses on the basis of printing questionnaires, analysis
of data, hours spent by manpower towards work, etc. Despite this, the cost of the project to be
estimated is 10000 pounds
DURATION OF PROJECT
The total time calculated towards the accomplishment of the project in an effective way is determined
to be 20weeks. This duration of time includes the division of project work towards the small set of tasks
in terms of assigning them towards the team members. The tasks are assigned to team members on the
basis of including the skill set of every team. It includes the implementation of primary and secondary
research along with the set of recommendations (Enevoldsen and Sovacool, 2016)
QUALITY OF PROJECT
The quality of the project is found to be directly proportional to the quality of recommendations. Thus,
it becomes critical towards the project to incorporate the quality of standards. In order to critically
maintain the standard and quality towards the collection of data and information, the standard set of
tools are used towards the analysis of data being collected.
COMMUNICATION
With an aim to successfully evaluate the set of tasks towards the development of project
communication plays a vital role. It has been defined as an integral part of the successful
implementation of the project. The set of components which are involved in terms of determining an
effective way of communication are:
1. Monitoring of project
In terms of defining the accurate monitoring of on-going tasks along with providing the
assurance that the progress of the project has been conducted on a regular basis, the project
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coordinators are included. The aim of defining the monitoring of the project is to regulate the
progress and development of the project at an accurate time period.
2. Evaluation of project
It defines the meeting which is held on a weekly basis among the project team, project
managers and various other managers of departments. The motive to conduct the meeting is to
analyze the progress of the project and resolve the problems generated towards the project.
3. Reporting of project
It includes the reporting done on the basis of monthly time interval defining the development
and progress of the project. It is the form of the written document defined by the manager of
the project (Grishunin and Suloeva, 2016).
RISK
Towards the analysis of the project, Risk is described as the rise of unexpected situations and
events which can affect the overall working of the project. In the occurrence of these types of
conditions, the effect of the risk can be positive and negative towards the project development.
With respect to determining risk in the current project, the outcome of the project serves as the
risk factor depending upon the recommendations and overall analysis of the project. In order to
prevent the negative effects of risk over the working environment of Toyota, it serves necessary
to monitor the set of procedures and strategies applied towards the progress and
implementation of the project. By assuring that the set of procedures like questionnaires, active
participation, and accurate care has been taken towards the evaluation of a various set of data
and information present in the project (Hammad et al., 2016).
RESOURCES
It includes the set of place from where the set of information and data has been taken in terms
of defining critical analysis of the topic in an effective and accurate way. In terms of conducting
qualitative research, the set of resources such as journals, books, papers, and articles have been
included. Another source form where the information has been used towards a critical
evaluation of data is the Google scholar.
ASSUMPTION OF PROJECT
 It has been assumed that the joint venture between Toyota and the Kirloskar group will
provide a positive result over the business environment of India.
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 The set of information and data collected towards the quantitative research will satisfy
the needs of the project
 The favorable business environment in terms of social values and cultures will be
provided towards the Toyota Motors (Hammad et al., 2016).
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The detailed and critical evaluation in terms of project management towards the Toyota Corporation
has been elaborated as:
INITIATION
It has been defined as the initial stage towards the development of an effective project plan. It
contributes to defining the accurate set of risk factors and communication bu including the stakeholders
towards the project compilation.
PLANNING
It determines the set of factors which deals with the development and scope towards the project
leading towards the evaluation of cost towards the set of raw materials needed for the development. It
also helps in defining the suitable set of procedures and methods which lead t6owards the high-profit
generation in the company (Harrison and Lock, 2017).
EXECUTION
It leads towards successful implementation of various set of procedures in terms of employability and
wages. In terms of globalization, there has been a rise in the level of opportunities towards the job,
which provides employment to a number of people leading towards the development of overall growth
towards the economic development of the country.
CONTROL
With the aim of defining the accurate set of procedures and methods towards the development of the
project, evaluation of the set of tasks performed in an organization has been defined on a regular basis.
CLOSURE
It defines the successful implementation of various procedures applied to the development of the
project. It is the final stage of establishing business towards the host country by signing the treaties
towards the foreign direct investment (Henderson et al., 2016).
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P3 and M1
WORK BREAKDOWN STRUCTURE
The type of structure which includes the division of the project into small tasks, which helps in defining
the proper understanding towards the roles and responsibilities defined in terms of providing the
accurate delivery of the project in an effective way.
The work breakdown structure towards the defined project is defined as:
MILESTONE SCHEDULING
It helps in determining the various milestones of the project. It can be termed as the task which provides
critical achievement towards the progress and development of the project along with the completion of
various set of tasks in the defined duration of time. The milestone towards the accomplishment of
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various tasks determined in the project by defining the development and progress of the project has
been defined as:
Milestones Time of completion
Aim and Objectives Creation Week 4
Questionnaire Template Creation Week 8
Secondary Research Completion Week 12
Complete Data Collection (Primary) Week 14
Data Analysis Completion Week 18
Findings Recommended and Conclusions Derived Week 20
Completion of Project Week 20
PROJECT SCHEDULING AND GANTT CHART
The Gantt Chart has been defined as a visual form of project which determines the various different
tasks combined together with an aim of defining the completion of the project along with the
determination of time frames in which the project tasks have been completed. The project schedule
contributes towards the data and information defined towards task assignment (Hoffmann et al., 2013).
Activities Week
1 & 2
Week
3 & 4
Week
5 & 6
Week
7&8
Week
9&10
Week
11&12
Week
13&14
Week
15&16
Week
17&18
Week
19&20
Discussion on Aim
of the project
Identifying and
Establishing Aim
Finalising the
Objectives
Data
Identification –
Secondary
Literature Review
Questionnaire
Template-
creation
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Data Collection
Data Analysis
Data Evaluation
Conclusions
Recommendation
Evaluation
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LO2
P4
Qualitative Research
The type of research which includes the literature review defined by the scholars focusing on the
concept of globalization and the impact of globalization over the organization and host country
Literature Review
According to Kerzner and Kerzner (2017), Globalisation defines the way of spreading many sets of
elements such as jobs, products, technology, and evaluation of various facts determined towards the
host country with reference to their culture and background. It has been also defined as the way of
providing interdependence among the various set of countries by defining free trade towards the
national borders. Apart from this, there are many advantages of including globalization in terms of
commercial and financial aspects towards the foreign direct investment defined by the huge
organization. It helps in improving the overall economy of the country by increasing the number of
employment opportunities, advancing towards the technology and providing the set of services and
products by maintaining the quality standard towards the local market.
Kongsager et al (2016), explains that the impact of globalization over the host countries and local people
are also found to be negative. One of the main disadvantages defined towards the globalization includes
rise towards the cultural conflicts due to the differences among the cultural environment towards the
local culture and country. Another disadvantage of globalization is that it affects the local business of
the country which may lead towards the closure of the local business due to the inability of determining
strong competition towards the upcoming organization. The closure of the local business also develops
the problem of losing jobs and increasing the rate of unemployment towards the country decreasing the
overall economic growth of the country.
Mok et al (2015), elaborates the clear view towards the multinational organization along with their roles
towards the globalization. A type of organization which aims to establish its business in various different
parts of the world along with an effective profit generation is called Multinational organization. The
multinational organization such as Toyota Motor Corporation utilizes the factor of globalization in terms
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