A Swot Analysis Of Honda

Honda through Ages

Honda is One of the leading manufacturers of automobiles in the world. The multinational company Honda was founded by Soichiro Honda. From a young age Soichiro Honda has an interest in automobiles. He worked as a mechanic at the Art Shokai garage, where he tuned cars and entered them in races. According to him "no matter how small the item, the delight of finally manufacturing the product is a feeling that perhaps only an engineer really knows”. In India there first manufacturing unit was set up at Greater Noida, U.P in 1997. The green field project is spread across 150 acres and has an annual production capacity of 120,000 units. HCIL 's second plant in Tapukara is the first car manufacturing plant in the state of Rajasthan.

Originally known for motorcycles, Honda has managed to elude the dominate keiretsu system in Japan and become one of the dominant automobile manufacturers in the world.

STRENGTHS

• Honda has a reputation for producing high quality products from cars to motorcycles to lawn mowers.

• They are the largest manufacturer of motorcycles in the world.

• Honda has won many awards for initial quality and customer satisfaction.

• Their research has afforded them competitiveness in innovative products.

• They were a pioneer in engineering low emissions internal combustion and hybrid technology.

• Honda is the only other manufacturer outside of Mitsubishi to branch out into many other areas outside of automobiles, like motorcycles, scooters, power equipment (generators), Asimo Robot.

WEAKNESSES

• Due to the latest technology being used in Honda products it is difficult to keep the prices low.

OPPORTUNITIES

• To continue progressing low emission vehicles and alternative power sources.

• Another area of opportunity would be developing nations like China and India. These are large markets, and cheap dependable transportation would be a hot

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Work Details

Original Equipment

The original equipment accounting comes under the accounts payable section of the business management division. In this we have to do accounts processes for original equipments that are used in manufacturing of cars, spares parts which are used in case of a damage or