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Toyota's Case Study: Toyota Made In Japan

843 Words4 Pages

Japan based automobile manufacturer company, Toyota was established on August 28, 1937. The most competitive and leading company in the automotive industry. They are participating with other business lines and providing financial services. Toyota always put one label for all of their product “Vehicles” with “Made by TOYOTA, they don’t mention label on their product "Made in The USA" or "Made in Japan". Toyota vehicles are very popular over the world because of long-term usage and reliability, good in quality, engineering, and value. Toyota company became the world’s third largest by the year of 2000 and also it was the Japan 's largest car company. Due to the global economic downturn of the early 1990s, impacted Toyota’s profit and declined substantially. But Toyota changed strategy by cutting costs and moving production line to overseas markets. For over fifty years, Toyota have successes their business to over 170 countries and regions throughout the world.
As a result of globalization, the world market is getting smaller and smaller and also the world is quicker and easier than ever been before. It has ever been to travel and communicate around the world, and to do business. Globalization, the process of interaction and integration within people, companies, and governments of different location, which was driven by international trade and investment and aided by information technology on economic development and prosperity and on human physical well-being societies

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