Japanese Automobile Manufacturers as Multinationals Essay

Japanese Automobile Manufacturers as Multinationals - Essay Example Strategies created by Japanese experts were used by Toyota and other Japanese automobile manufacturers to achieve the imposing in the markets and the business development. Japanese strategy called KAIZEN is widely famous for using by Toyota and other major producers. According to Funaru this strategy includes continuous improvement and its impact on the product quality’s level (Funaru M. 2010). This strategy is considered to be integrative and cross-functional in meaning it involves all staff in the gradual improvement, management and business activities for increasing company’s productivity, quality of the products and competitiveness of the business. Speaking of Toyota’s product strategy, it’s built on the following: new innovative technologies development, highest quality, discovering of new sources for creativity and focusing on research. Toyota Company is one of the largest automobile manufacturing companies in the world. The designs of the products are quite impressive thereby commanding lots reliance by several customers around the globe. However, it is of crucial significance to note that there are a number of problems that face the Japanese Automobiles in general. Some of these problems may include the issue of globalization and its associated implications, stiff competition, striking a balance between marketing and branding as well as dealing with pressure to attain efficiency and maintain sustainability in the markets and production. These have presented major challenges to a number of automobile industries thereby compromising their competitive advantages over the other world producers.

A accounting calculations Essay Example | Topics and Well Written Essays - 500 words

A accounting calculations - Essay Example According to Caplan (2006) suitable methods like value engineering and value analysis could contribute to reducing the cost of the three products. It helps in sorting additional overhead components like cooperative marketing, high levels of customer service, and product return handling to identify profitable customers. The approach enables the organization to put more emphasis on clients who earn large profits for the company while turning away unprofitable customers (Caplan, 2006). Distribution of product is a major undertaking for all enterprises. Most companies employ different channels of product distribution like email, distributors, the Internet, retails shops, and order catalogue. Reducing distribution cost is the primary function of ABC. Structural components that maintain the distribution falls under overhead. Therefore, ABC helps in deciding efficient delivery systems with lower costs or dropping unprofitable channels (Caplan, 2006). ABC helps the management decide on whether to buy or make a product. It does this by highlighting costs associated with product manufacturing. Such is the basis that guides one to either outsource or carry out in-house manufacture. Using ABC makes it easier to allocate overhead costs appropriately. Such allocation assists in determining margins of product lines, products, and their subsidiaries. The information guides the personnel to identify areas that would give maximum return margins (Caplan, 2006). The model assists marketing managers decide on the minimum price for the product. ABC model guides the marketing personnel to select particular overhead costs for inclusion in the minimum cost. The approach eradicates the possibility of selling a product at a loss or overpricing (Caplan, 2006). Using ABC model increases the cost pool volume, which increases the cost incurred to manage the system. A reduction in cost pool involves running a system that analyses and maintains the cost