Financial Ratios Analysis and Benchmarking of Ikea Group

812 WordsMar 14, 20144 Pages
Toyota One of the largest car manufacturers in the world, Toyota stands out because of the ups and downs it went through the years and how they made it to where they are now, at the top. The growth of Toyota is one of the great success story not only in Japanese industry but throughout the world. Founded by Toyoda Kiichiro, it started as Toyota Motor Company that produced 1, 142 vehicles in 1936. Toyoda Kiichiro started examining American made vehicles piece by piece and felt to adapt the US mass production technology to manufacture cost efficiently at lower volumes. From then on, Toyota grew steadily. With great minds managing and leading the company, Toyota faced a lot of challenges and problems along the way but were just eventually solved by trial and error techniques and great adaptations to each problems. SWOT Analysis: Strengths: * Strong brand name * Effective research and development * Excellent manufacturing efficiency * Top qualityproducts | Weaknesses: * Dependence on suppliers * Poor employee benefits and compensations * Importation and exportation of components with main base plant in Japan | Opportunities: * Strong buyers * Development of hybrid cars * Adapted GBL * Development of new models | Threats: * Global financial crisis * Political climate with its global plants * Tight competition between rivals * Japanese Yen against U.S. Dollar | Toyota is one of the most innovative auto companies and has a strong culture that is focused on constant innovation. The company was the first to introduce Kaizen, Kanban and Total quality Management systems widely in their organization. The company was the first to mass-produce and sell hybrid vehicles too. Toyota was the first company to introduce lean manufacturing and total quality management practices in manufacturing process. For some time, the company was the

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