Professional Documents
Culture Documents
TO Y
Wadiah Akbar
Abdullah Dawood
Aleeze Azhar
Mehwish Shakeel
Noor Fatima
Multinational Japanese automotive manufacturer headquartered in Toyota,
Aichi, Japan.
It is the global market leader in sales of hybrid electric vehicles and in hydrogen
fuel- cell vehicles.
The company was founded by Kiichiro Toyoda in 1937 as a spinoff from his
father’s company Toyota Industries.
Well known models are the Camry, Land Cruiser, Corolla, luxury Lexus line,
and buses, vans, and Hilux pickup.
In Pakistan, the company is operating as Toyota Indus.
MARKETING
ENVIRONMENT
Toyota’s objectives is to: enhance efficiency, improve quality, increase
productivity, and minimize cost.
The concept of “Customer First” is used by Toyota.
Achieve maximum customer satisfaction by providing trust and loyalty.
Believes in maintaining the reputation for reliability, durability, and quality.
COMPETITORS
Toyota is able to target a large market because they have something for
everyone.
Toyota provides vehicles for all price ranges.
Toyota Corolla line of cars luxury line of cars.
Distinguishes form its competitors on the basis of:
o Quality and greater design creates a strong brand image.
o Uses low cost to gain a competitive advantage in the automotive industry.
TARGET MARKET
“Launching the right car for the right market”.
Various models targets each market segment.
Prius, Lexus, and Hybrid fuel cell based strategy is based on targeting the
growing category of consumers known as “eco-chic”.
Toyota targets markets based on geographic considerations.
CUSTOMER
PROFILE
Age: 30- 50
Marital Status: Married
Further divided into three psychographic
segments.
Early Adopters.
The environmentally friendly customers.
And the value conscious customers.
SHARES
Share of Heart---Emotional
Share of Mind---Rational
Share of Wallet---Purchasing Power
DIVERSIFICATION
In 1997, Toyota established its Marine Business Division and also set up
a boat and sales network.
In 1998, Toyota established the Biotechnology and Afforestation
Business Department.
Toyota acquires Japan Flying Service Co., Ltd.-1988.
Toyota to launch ski boat line.
PORTER’S FIVE FORCE
Toyota has always had a firm hold in the automobile market, which is quite
good for Toyota as only a well established business can prosper in a capital-
intensive business.
Toyota also has a strong buying power, since there are several buyers of
automobiles.
Previous research has shown Toyota to be quiet popular among the masses due
to its fair cost and good quality.
Recall issue might have affected the company but study shows that the
customers have remained loyal.
BRAND EQUITY
Lifetime services
Healthy and safety products
Wide range of appliances
Environmental friendly
Safe and cost efficiency
Reliable
PRODUCTS
Refrigerators ,air conditioners, irons, cooking ranges ,vacuum cleaners, food factory
machines ,solar panels and lawn mowers.
PRICE
Premium pricing
CAMPAIGNS and ENDORSEMENT
A sample house including all appliances.
Celebrities would be given the products for testing period.
Celebrities endorsement commercial aired on television to promote and create
awareness about the appliances.
PACKAGING
Recycled material
No bubble wrap to cut down the use of plastic
Products will be protected with cartons.
BRAND INVENTORY-LOGO
Announced the recall of 928,203 models because of faulty air bag inflators.
There may be sharp metal fragments, which could cause injury/ death. Reasons for
recall is the growth strategies where quality control and management were overlooked.
Secondly, growth and globalization: led to language barriers and lack of expertise in
quality management leading to poor quality.
The managers were drawn to cut costs and achieve short term growth objective by
overlooking quality.
MARKET BUDGET ALLOCATION
MEDIA PLACEMENT
RECOMMENDATIONS
Toyota should accelerate its business expansion into rapidly growing emerging
countries by thoroughly and meticulously monitoring market conditions in
respective regions and introducing products suited to the characteristics and
needs of each market.
Toyota should pursue the development of environmentally conscious, energy-
saving products while incorporating functions and services demanded by
customers (value chain) and delivering them to the global market.
Toyota should aim to support industries and social infrastructures around the world
by continuously supplying products and services that anticipate customers’ needs in
order to contribute to engendering a compassionate society.
Toyota should consider making Lexus a priority in the Chinese market. This will
enable it to become competitive with other car manufacturers in the luxury
segment.
By increasing production facilities in Asia, this will enable Toyota to have cheaper
delivery channels and become closer to the emerging market customer.