Thanks to GM, many of the popular vehicle brands that are available, they have produced. You can understand how vital GM has been to the automotive world when you find out that “it was the world’s largest car maker from 1931 to 2008, when it was surpassed by Toyota” (Costantini). The history of GM dates back to 1908. At this time or to be more specific on September 16, GM was founded in Flint, Michigan, by William C Durant (General Motors Company, 2011). The company started as Durant-Dot Carriage Company which started in 1886 and by 1900 was producing over 100,000 carriages a year (Flint).
Toyota Motor Corporation: Processes and Strategies. Toyota Motor Corporation is a multinational automobile manufacturer that was founded in 1937 by Kiichiro Toyoda as a spinoff from the larger Toyota industries, for purposes of creating vehicles (Hino 130). Ever since this time, Toyota has grown to become the world’s biggest motor vehicle manufacturer in terms of production and sales of autos. Toyota does not major only in manufacturing automobiles, but also provides financial services and builds robots, among other things (Liker and Meier 45). Toyota’s success in business is to a greater extent attributed to its unique management accounting and finance practices.
The company’s mission and vision revolves around the context of “One Ford”; that is, one team, one plan, one goal-whereby the overall vision is to deliver profitable growth for all (Ford, 2014). Its social responsibility statement is to create long-term value as a corporate citizen. The company believes that it is only as strong as the community in which it operates within (Ford, 2014). Market Share and Competition According to CSRwire (2014), the Ford Motor Company currently operations across six continents, and has got over 70 manufacturing plants worldwide. Its market share as of 2002 was about 15.3% in the United States, and 7.9% in Europe (Ford, 2014).
Toyota has additionally been one of the commercial ventures pioneers in creating new and imaginative innovations that exploit the businesses current obstacles. A standout amongst the most noteworthy things about this organization is the scale, and the worldwide foot shaped impression that they as of now oversee. Toyota Motor Corporation is one of the world's illustrative vehicles producers, generating vehicles in 26 nations and areas and showcasing vehicles in more than 170 nations and locales. In financial 2006, on an united premise Toyota gave near eight million vehicles to clients far and wide under the Toyota, Lexus, Daihatsu, and Hino brands. Toyota had more than 280,000 representatives at the end of monetary 2006" (Toyota Motor Corporation, 2006).
The automobile has been an icon in America for over a century. Following the creation of the auto industry, was the creation of multiple car brands owned by one corporation. This lead to the form of automotive giants, ultimately leading to what we know today has the Big Three. In 1910 there was about 500,000 automobiles on the road. When Ford started producing Mo... ... middle of paper ... ...where but up.
Ervin Marketing Creative Communications. Retrieved April 17, 2011, from http://www.ervin-marketing.com Ford Direct Marketing. (2009, February 18). Ford Direct Marketing. Retrieved April 17, 2011, from http://forddirectmarketing.com Grant, T. (2010, April 1).
Henry Ford incorporated Ford Motor Company in 1903 at Dearborn, Michigan. Ford Motor Company is known as one of the largest automobile companies in the world. (DATAMONITOR: Ford Motor Company, 2010 p. 4). Since 1980, Ford has been able to remove $5 billion from its operating cost (Brady, 1986, p. 8). The Ford Motor Company has around 181,000 employees and 65 plants worldwide using the automotive brands Ford and Lincoln (FMC Annual Report 2013, p.149).
Though Ford has grown by leaps and bounds, it primarily still remains a family owned company with 40 percent of the voting rights still resting with the Ford family. Ford revolutionized the industry by making the gasoline powered automobile affordable for the middle class in 1913. The economies of scale approach were taken up by the company. The first moving assembly line was introduced in 1913 at its factory at Highland Park. The major breakthrough being the “Ford-T Model”, which sold in millions.
3.4 Number and Sizes of Competitors The competition in this industry is extremely and the trend is only increasing. Internal competition includes pricing, quality, and product innovation, while external competition includes the other forms of transportation such motorcycles, scooters, public transportation, etc. 3.5 Stage of the Industry Lifecycle The lifecycle of the Global Car & Automotive Manufacturing industry is in a mature stage of its lifecycle. 3.6 Value Chain Model 3.7 Competition Analysis Toyota Motor Corporation Toyota has incorporated a market share of 9.3% in the automotive manufacturing industry. This multinational corporation has generated an estimate of $250 billion in overall revenue.
"Strategic Report for Ford Motor Company." Oasis Consulting (2009): 28. online. 20 May 2014. . Sedgwick, David. "Pricing Power shifts to suppliers."