Pestel on Toyota

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Contents Introduction: 1 PESTLE analysis: 2 Political factor: 4 Economic factors: 5 Social factor: 6 Technological factor: 7 Legal factor: 8 Environment factor: 9 Conclusion: 10 References 10 Toyota Motor Corporation, Japan Introduction: Toyota Motor Corporation is a Japanese automotive manufacturer headquartered in Toyota, Aichi, Japan. In 2013 the international corporation consisted of 333,498 workers worldwide and, as of January 2014, is that the fourteenth-largest company within the world by revenue. Toyota was the biggest automobile manufacturer in 2012 (by production). In July of that year, the corporate reported the assembly of its 200-millionth vehicle. Toyota is that the world's initial automobile manufacturer to provide over 10 million vehicles per annum. The company was supported by Kiichiro Toyoda in 1937 as a derivative from his father's company Toyota Industries to form vehicles. 3 years earlier, in 1934, whereas still a department of Toyota Industries, it created its initial product, the sort an engine, and, in 1936, its initial railroad car, the Toyota AA. Toyota Lanka, sole distributor for fresh Toyota vehicles, Hino trucks and licensed service supplier has commissioned its latest state of the art Body Repair & Paint Centre (BPC)close to its company Head Quarters (Toyota Plaza) 200 meters away towards Colombo with an investment of over Rs 1.2 billion. The new Body and Paint Centre would revolutionize collision repair and body paint standards within the island. (toyota , 2014) PESTLE analysis: PESTLE may be a strategic framework for understanding external influences on a business. There are several macro-environment factors that have an effect on strategic planning: New laws, tax changes, trade barriers, demographic amendment. Macro-environment factors embrace all the factors that

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