An overview on Toyota Motors

An Overview
On
“Toyota Motors”
Major Investment on IT and reasons for Investment
Course Code –MIS 305
Section-05
Submitted to:
Muhammad Ataur Rahman
Senior Lecture,
Department of Business Administration,
East West University
Submitted by:
Md.Tuhin Sarwar. Id -2017-2-10-207
An overview on Toyota Motors

LETTER OF TRANSMITAL

Date: 12/09/20
Muhammad Ataur Rahman
Senior Lecturer
East West University, Dhaka

Subject: Submission of company overview.

Dear Sir,
With great gratification, I am submitting my assignment on “Toyota Motors” that you have
assigned me as an essential requirement for Managerial Information System courses. It is really
an enormous prospect for us to congregate vast information and grasp the subject matter in an
appropriate way. I have found the study is quite interesting, beneficial, and informative and tried
my level best to prepare an effective and creditable report.
I honestly, not only anticipate that my analysis will assist to provide a clear idea about the overall
condition of “Toyota Motors”, but also optimistic enough to believe that you will find this
report’s worth for all the effort I have put in it. I welcome your entire query & take pride to
answer them.
Yours sincerely,
________________
Md. Tuhin Sarwar 2017-2-10-207
An overview on Toyota Motors

Executive Summery
Founded in 1937, Toyota Motor Corporation is a Japanese company that engages in the design,
manufacture, assembly, and sale of passenger cars, minivans, commercial vehicles, and related parts
and accessories primarily in Japan, North America, Europe, and Asia. Current brands include Toyota,
Lexus, Daihatsu and Hino. Toyota Motor Corporation is the leading auto manufacturer and the eighth
largest company in the world. As of March 31, 2020, Toyota Motor Corporation’s annual revenue was
$213 billion and it employed 333,498 people.
An overview on Toyota Motors

Major Investment of Toyota Motors on IT:

Toyota, one of the most recognizable brands they’re known to be affordable and reliable.
According to statistics from the manufacturer as many as 80% of their car sold in the last 20
years are still on the road. So, it’s clear that Toyotas are well built, and they’re a common sight
in most places around the world. We all know the history of Toyota how it comes into the market
it was not a vehicle company in the earlier it was “Toyoda Spinning and Weaving” then latter it
turned into a vehicle company in 1929 as “Toyota”. The aim of Toyota was to be cheaper than
the others cars imported by Ford or General Motors. One things make me surprised that Toyota
started revolutionary changes on technological sites since that time. Who ever thought a
company like Toyota will make a significant change on technological area especially on that
time when things are very difficult to manage. So, one things made me clear that Toyota’s
enthusiastic mind set push Toyota to go forward not backward. They taught us how to make
significant change on that ancient time as well. With Productivity beginning to increase in 1955
they shifted their sights to the global market by the blessing of technological empowerment. But
a big loss occurred after 1955 when Toyota had come up with their new car that is “Toyopet
Crown but only 300 car was sold on that time. But, Toyota did not give up hope they again
started research how they overcome this obstacle. But, we all know fortune favor the brave after
much research they made one of the famous car in the world that is Toyota corolla this car
changed their fate this car was higher efficiency compare to other car that was invented on that
time. Another milestone grabbed Toyota they invest with American corporation eagle then they
made a car in 1989 the name of this car was Toyota Lexus so here we can see clearly how they
made an effective Investment on the technology that give them superior return. The reason
behind of Toyota’s success is their management information system played a significant role
sequentially from HR to Finance as well as other department contribute their level best to reach
corolla a good stage. Toyota has made clear its commitment to developing cutting-edge technology by
investing £657 million – or one billion dollars – in a Silicon Valley research company. The investment
will be focused on developing artificial intelligence and robots that should spawn new technology and
systems for its passenger cars. Akio Toyoda, Toyota Motor Corporation President, has noted that
the company would be based near Stanford University, California from January and will initially
employ 200 people. A second center near Massachusetts Institute of Technology in Cambridge
will also open.£33 million has already been invested by Toyota in artificial intelligence, but its
An overview on Toyota Motors

focus will go beyond this to develop technology that helps people during everyday life and not
be limited to its cars. The company has already produced robots that can travel around and pick
up objects for people. In its vehicle production facilities, sophisticated robotic arms and
computers play a vital role in the manufacturing process. Robotics expert, Gill Pratt will lead the
new division, known as the Toyota Research Institute. Autonomous driving will be just one area
of focus for Pratt and his team as it seeks to build on the innovative systems evident in current-
generation Toyota cars. Huge, efficient R&D spending has allowed Toyota to gain a competitive
advantage over its competitors and to become one of the largest automotive manufacturers in the
world by researching and introducing the leading-edge technology and vehicles to the
consumers. So, at the end of the whole consequence we have learnt that so many significant
investment that Toyota made and all the investment on technology have come up with lightened.
So, the reason of those investment is we have been seen that in this technological world no
company can survive without doing major technological investment. Because of a giant
Company like Toyota they are not only exist in the market but also there are so many car
manufacturing company exist in this world like, Ford, BMW, Rols-Royce, so in order to make
their position in the high rank among all other company like Toyota need to develop their strong
site so that, they can exist in the market with pride. The more a company generate his capital into
the technological site the more company will go ahead among all other.