International Product Life Cycle In this case, the International Product Life Cycle Theory is being used to analyse the foreign country environment which is the United Kingdom (UK) market. This theory stated that a company begins by exporting its product and then later undertakes foreign investment as the product moves through its life cycle (John J. Wild, 2014). Generally, the international product life cycle is made up of three primary stages which are the new product stage, maturing product stage as well as standardized product stage. Stage 1: New Product Stage This is the first stage in which a good is produced in the home country because of uncertain domestic demand and to keep production close to the research department that established the product.
To achieve this, the company developed a cost-effective process that aims at minimizing the waste and maximizing the utilization capacity. • Layout design and strategy- this factor has the capacity to influence manufacturing as well as service process design. To deal with this, Toyota’s layout design in manufacturing plants focuses mainly on the execution of principles of lean manufacturing. • Location strategy-the company aims to cover the global market, but it was leading to increased cost of manufacturing. The company took a strategic decision to develop manufacturing units at a local level and to enhance the company’s production at the global level.
The marketer should conduct a SWOT analysis, by which it evaluates the company’s overall strengths (S), weaknesses (W), opportunities (O) and threats (T) (Kotler 54) This SWOT analysis shows that Tesla has the strengths needed to maintain profitability in the long term. However, it also suggests a necessary strategic reform to ensure Tesla’s competitiveness and long-term success in the global automotive market. As a popular manufacturer of electric vehicles, the company still needs to invest in global expansion. Limited global operations remain a weakness that, together with other issues identified in this SWOT; Tesla must address to achieve international competitiveness and business growth. Strengths Tesla Motors, Inc. is known for its innovation, especially in introducing the world’s first fully electric sports car.
My project advisor encouraged me to look at technical problems in multiple dimensions. He demonstrated and motivated me to improvise on basic knowledge and apply it to complex systems. I learned the value of judgment and realized how research and analysis can lead towards a solution. Working with an internationally reputed organization during my project gave me valuable insights into how a large organization operates and helped me learn nuances of professionalism and conducting myself in presence of executives and corporate meetings. This experience has also driven my career goal of becoming a successful engineering professional in the automotive
Based on the sales and demand that Toyota been observed they used the method of tracking the progress toward the goal achievement to get more motivating and gather the performance and adjustment that should be make in effort, strategy, and direction that will lead to the dramatic increase in performance. The final step in horizontal plan is maintaining the flexibility; this is the key to Toyota operation. It because they learned from experience and failure to improve the demand and satisfy of their customer to get the best product. Furthermore, Toyota accepting the challenge with a creative spirit and dream without lost their drive and energy. The responsibility and trust own their own abilities make them conduct to maintain and improving the skills that enable them to producing new product.
In the world of electronics, necessity is the mother of all inventions, holds best applicable to the invention, evolution and development of flexible circuits in all types of electrical and electronics gadgets. The flexible circuits have just recently come of age as an interconnection technology, although it was originally developed around two decades ago. In short, a flexible circuit is "a patterned arrangement of printed wiring utilizing flexible base material with or without flexible cover layers." Let us first understand the necessity of such circuits and the constraints posed by the earlier technology of printed circuit boards, which led to its invention. Increased application of electronic devices such as car stereos, heart pacemakers,
When we learn about what supply chain is and the level it contain to manage a successful business. The four modern supply chain levels that businesses and companies need and put in use today to run their operations are retailer, wholesaler, manufacturer, and service provider. Since every level of supply chain has it own long list of unique job descriptions. I will only be focusing on one level of the supply chain which is the manufacturer. Manufacturer are know to produce products from raw materials to sell goods to consumers.
I was to take videos and gather timing from the machine for the different device. Doing the task for the first few weeks seems like a chore as I still do not understand fully what I was doing. Also standing for hours in the line have me dreaded coming inside. It seems like I was doing a redundant task as I was doing the same thing day by day. However after seeing the use of the data I collected, I grasped the importance of the task.
Furthermore, I had to earn money and invest for my graduate study abroad because I do not have anybody to support me and I need to be independent as ever I have been. Thus, following by graduating with a master’s degree, I decided to work in the practical field of electrical engineering. I had a friend in Iraq who suggested that there is a job related to my career. I was accepted for a job as an electrical engineer. In addition, one of the opportunities that I needed was provided to me too; I had to speak English in work environment and that helped me to improve my English skill as well as working with people from different countries.
The research findings indicated the size of the firm does not matter for maintain relationships. This CRM technology should not be branded as an approach only for a large organization but it also holds good for medium and small organization. Bang Nguyen, Dilip S. Mutum (2012) provides improvement in Customer Relationship Management, the changing role of customer, issue with conceptualization and customer exploitation. The author combines the concepts of fairness, trust paradoxes of one marketing which are not much researched with customer management. The author is of the opinion that if the Customer Relationship Management scheme is overly used and misused, it may result in depleting customer trust.