Toyomoto Company Business Plan
Toyomoto Company is a motor parts trading company, which was founded in 2007 by Mr. Loh Kean Ping. Toyomoto Company is a wholesaler company of motor spare parts. He decided to start a business with motor spare parts because he saw opportunities in this industry to provide general different types of raw materials to motor vehicle dealers which they are main customers. As his business flourished, Mr. Loh started searching different suppliers from other countries such as China, Japan and Taiwan. He also mentioned that Toyomoto Company has a functional organization structure that it is easier for him to coordinate each department (APPENDIX XXX). Therefore, employees who have similar knowledge and skills can efficiently put them in one department. …show more content…
n.d.). The objectives for Toyomoto are improving their reputation and profit maximize within 3 years. Since Toyomoto has only established for 8 years, the main objective is to enhance their reputation to expand their business. World demand for electric motors is projected to increase 6.5 percent per year to $122.5 billion in 2017 at the Asia/Pacific region (Freedonia, n.d.).Therefore, Mr. Loh is energetic to find other market field such as Thailand and Indonesia where thde countries are neighbour countries with …show more content…
Concentration strategy is a growth strategy adopted by the company to concentrate by investing more resources in marketing and production of only one primary product or market. Concentration strategy will bring strong reputation to meet Toyomoto’s objective (Boundless, 2015). Based on my observation, in these 3 years have good sales performance for Toyomoto. In my view, Toyomoto can focus on the main products to sell to the retailers. Through concentration strategy, Toyomoto can concentrate in improving the quality of the products or upgrading the packaging to attract more customers and also maintain the customer base of the demand. In addition, the demand for the products will increase, therefore, Toyomto can use computerised system as a tool to make any progresses more efficiently. For example, when sales department want to take out the inventories, they use scan code number will be immediately shown the amounts who take in the computer. Therefore, it is easy to check whether stock is taking out or
Nt1310 Unit Six Business Plan
949 Words | 4 PagesInstructional Plan Engage, Connect, and Launch: Engage: Say, “I know everyone here knows what a square and a rectangle are, but do you know the difference? These are two more 2 dimensional shapes that we’re going to talk about today.” Connect: Say, “Today we’re going to look at squares and rectangles and find out what is different between them because they both look like boxes, right? In fact, I’m sure everyone has received gifts that came in a square and a rectangle shaped box.”
Business Planning Activities Case Study
1112 Words | 5 PagesBusiness Planning Activity – Notes Only Document (Please answer each question thoroughly and retain a copy of this information for your records) 1. Describe your vision for building your practice at Edward Jones. How do you plan to add value to the clients and communities you will serve? My vision for building my practice at Edward Jones is to provide the best financial service and knowledge to those in my community.
Trader Joe's Case
1669 Words | 7 PagesCoulombe didn’t have a long term strategy in mind. According to the case study only after the arrival of John Shields TJ pursued the idea of expanding the markets and not playing the niche supermarket offering their tailored service in California. The previous sections already demonstrated how the internal resource, in this case the loyal customers insisted on the growth strategy and helped the management to open their eyes for better and more consistent strategies. The major stakeholders customers admired every opening of the New shop of TJ either creating fan pages and or by cueing for every newly opening
Nt1330 Unit 2
497 Words | 2 PagesBy implanting this system, PVMS stock levels will be more accurate this will enable PVMS to order the right amount of stock which will save them money also makes it easier to monitor the business. On the other hand, for staff to check stock on the stock database, they need the internet which sometimes may go down resulting in customers going to other stores therefore, will result in PVMS losing profit. To improve, PVMS should set up a virtual private network which will reduce the amount of people using the internet However, a negative impact on providing access to the PVMS network from the internet can result in a higher risk of unauthorised viruses Therefore; PVMS should upgrade their systems yearly to prevent any malfunctions and important data leaks. A negative impact on PVMS is that they have to employ network managers to prevent any virus accessing the PVMS data
Why Should Techfite Be Considered A Clan Culture
475 Words | 2 PagesThus, the divisional organizational structure would aid Techfite in its transition into Endothon because they would be essentially doing the same jobs but as part of a bigger
Persuasive Speech On Electric Cars
739 Words | 3 PagesCars are the most important products in the modern lifestyle. Whether it’s going to work, school, the mall, or even your friend’s house, it’s likely that you will be using a car to get there. As you all know, cars can have drastically different prices and look drastically different as well. I’m sure everyone here has a car, and I’m also sure everyone here will be buying another car in the future. Whether you want a car that can fit a large amount of people, or a sports car that can go extremely fast, an electric car will almost always be the best option for you.
Persuasive Essay On Electric Cars
723 Words | 3 PagesCars are the most important products in the modern lifestyle. Whether it’s going to work, school, the mall, or even your friend’s house, it’s likely that you will be using a car to get there. I’m sure everyone here has a car, and I’m also sure everyone here will be buying another car in the future. Whether you want a car that can fit a large amount of people, or a sports car that can go extremely fast, an electric car will almost always be the best option for you.
Persuasive Speech: Why Electric Cars Are The Future
621 Words | 3 PagesReveal Topic: The electric car is a relatively new concept in the world of the automotive industry. Establish Credibility: I have been interested in the electric car and I have reed a number of books and articles about it. Preview Main Points:
ASOS Business Model
1495 Words | 6 PagesThe research paper aims to analyse the role of control process technique in regards of ASOS.com which is the UK based online fashion and beauty store. It aims to analyse the definitions of porter’s five forces, competitive strategies and information system along with their concepts and advantages and disadvantages that further analyse their role in company’s competitive advantages. Moreover, it intent to evaluate the role of manager information system, decision support system and transition system in regards of ASOS.com in order to highlight the advantages of these information system model in helping them companies achieve their targets in the competitive marketplace. Porter’s Five Forces Porter’s five forces is a management tool that organisations
Tesco Training Case Study
1007 Words | 5 PagesEmployees with current skills and expertise are generally more potential for the growth of business. To satisfy the actual demands of diverse customers within a freshly opened up store on completely new area demands apparent perception of the consumer user profile for the reason that spot to pick the actual share. The training practice facilitates staff to use their occupations efficiently according to correct information, skill, comprehending and sources. Workers distinguish spaces among their information and ability prior to starting training and advancement practice. Q.3
Swot Analysis Lululemon
440 Words | 2 Pages Lululemon fully depended and worked on retail model, as well as management team relied on customer feedback to make changes. Employees would also give instructions how they were supposed to rearrange the product each week. Moreover, employees were instructed to wear athletic outfits.
Crescent Pure Case Study
1405 Words | 6 PagesMarket size: this factor has great effect of the Crescent pure product according to the market research the market for energy drink is growing 40%, in the year 2010 to 2012, and its revenue forecasted from 2013, is $8.5 billion to $ 13.5 billion in 2018.It’s means gap for the further potential is prevail, in this situation the company should position in such away which is new for the customers. Consumer Perception: this factor also affects the positioning of the product because with the help of this factor firm know the behavior of customers about the product. If we look to the example of Crescent they have low price strategy over the rivalry, some consumer said that this low quality product. Brand reliability is the factors which inspiration the crescent positioning approach, alteration in the brand can result in change of product
Ikea To Maintain Supplier Relationships
1190 Words | 5 PagesEnhancing creation potential and concentrating volumes are key so as to accomplish low cost. The vast supplier
Speech On Electric Car
926 Words | 4 PagesTopic: Electric car: The Future of Automobile Intro Hook: Electric car is the car that use electrical energy instant of fuel that will replace any car in the future. Background: Most of the car in the world still use fuel to run itself that cause of global warming. Someone try to develop the car that run by electrical energy
Toyota Business Level Strategy Analysis
836 Words | 4 PagesThe Business Level of Toyota Toyota Motor Corporation is a Japanese company that is involved in the design, assembly, manufacture and sale of a wide range of motor vehicles such as minivans, passenger cars, commercial vehicles, and assorted accessories and parts (Nkomo, 3). Examples of brands under the Toyota portfolio include, but are not limited to; Lexus, Toyota, Hino and Daihatsu. Toyota was founded in 1937 by Kiichiro Toyoda and has grown to not only be the world’s leading auto manufacturer in the automotive industry, but also the world’s eighth largest company with operations in virtually every corner of the world (Nkomo, 3). This growth has been fueled by two key aspects of Toyota’s business; its ability to lower costs and concise
More about Toyomoto Company Business Plan
Nt1310 Unit Six Business Plan
949 Words | 4 PagesBusiness Planning Activities Case Study
1112 Words | 5 PagesTrader Joe's Case
1669 Words | 7 PagesNt1330 Unit 2
497 Words | 2 PagesWhy Should Techfite Be Considered A Clan Culture
475 Words | 2 PagesPersuasive Speech On Electric Cars
739 Words | 3 PagesPersuasive Essay On Electric Cars
723 Words | 3 PagesPersuasive Speech: Why Electric Cars Are The Future
621 Words | 3 PagesASOS Business Model
1495 Words | 6 PagesTesco Training Case Study
1007 Words | 5 PagesSwot Analysis Lululemon
440 Words | 2 PagesCrescent Pure Case Study
1405 Words | 6 PagesIkea To Maintain Supplier Relationships
1190 Words | 5 PagesSpeech On Electric Car
926 Words | 4 PagesToyota Business Level Strategy Analysis
836 Words | 4 Pages