Growth Strategy of Toyota Motor Company Essay Example | Topics and Well Written Essays - 5500 words

Growth Strategy of Toyota Motor Company - Essay Example This research aims to evaluate and present Toyota motor company that is on the peak due to the best car manufacturing, assemblage and its circulation in all over the world. Toyota is one of the leading car manufacturing companies in the world. Toyota introduces a range of cars and mini trucks for the consumers. I have selected Toyota motor company, as Toyota is one of the best selling brands in the region of Kingdom Saudi Arabia. In this research, the Growth strategies of the Toyota motor company are analyzed. The research paper will discuss about the Growth strategies, factors related to growth strategies and the behavior of company. The main reason of its best performance is its remarkable efficiency in management. Many other factors have reached the company on the top. Some people think that reason of company‘s best performance is its monopolistic operating system because company has a dominant market place in car exportation. People also considers its operating structure to oligopolistic because they see their competitors like GM that what they are doing and company makes sure that its services, its operating system make to reach the company on the top. The major objectives of the company are to enhance the growth in terms of technology and economy. To compete with the other companies and resolve the modern and future energy crises, Toyota motor company must make footsteps towards achieving sustainability. Summary The research paper consists of the growth strategies of the Toyota motor company. The research involved the qualitative methods and secondary data collection method is utilized to collect the data and information from different websites, articles, news websites and books. The basic objective of the company is to provide the customers with quality vehicles with maintaining the prices of the vehicles so that the vehicles come in a range of a person with low income. The company targets to provide the vehicles, which use alternate mode of energy and work well with energy transformation. Electric vehicles and hybrid introduces by Toyota have higher efficiencies and fuel economy. The vehicles are also important in reducing the green house gases emissions. Toyota motor company has dedicated customers and staff that help the company to improve the quality of the vehicles. The company works on having the knowledge that what a customer demands from a car. The company works on it and produces a car that fits the demand of a specific customer. In order to maintain the cost of the vehicle, the company produces vehicles in a massive number, the massive amount of vehicles reduces the cost per vehicle to the company and this helps the company to maintain the cost of the vehicles. The company works on sustainable growth and it has a set sustainable growth policy. In this way, in the economic crises the company can still make profit. From some previous hardships and recalls, the company has evolved with unique and different ideas to les sen the recalls as well as increase the profitability of the vehicl

Accounting Final Common Assessment Paper Essay Example | Topics and Well Written Essays - 1000 words

Accounting Final Common Assessment Paper - Essay Example This is also carried out to ensure that the information provided by the accounting function is meaningful and relevant to its users. Every organization does have an accounting function to assist in recording and reporting of financial information generated from different activities of the business. The data processed by the accounting function can be useful to users of this information in many ways. This paper looks at the role of accounting in organizations and its importance in terms of managing a business. Furthermore, it will delve the usefulness of the accounting information generated the accounting function. The importance of accounting function in any organization cannot be ignored. It is considered as an independent function which is responsible for gathering information from different business activities and then compiling and publishing them in accordance to the reporting standards. The role of accounting has changed over the years. It is not just limited to reporting of financial information to external users, but also is responsible for performing various other tasks in any organization. Accountants are involved in planning and implementation of the company’s strategies through different processes.... For example, inventory of a company can be recognized and recorded using four different methods such as First In First Out (FIFO), Last In Last Out (LIFO), Average Cost, and Output Method. It should be noted that different methods of recording inventory will yield different results in the same year, and companies have the choice of selecting a method and reporting their inventory according to the requirements of reporting standards. However, it should also be highlighted that the choice of different accounting methods should be in accordance to the requirements of accounting standards. In the recent years, several frauds surfaced the US corporate sector, which were blamed on the inherent loopholes and too much flexibility in the US GAAP. Since then, efforts between FASB and IASB are being carried to improve the accounting standards and reconcile methods of recording and reporting different elements of a business. One of the core functions of accounting is to collect data from differe nt business segments and process it into a form of information, which is understandable, relevant, and complete. Each business segment performs different activities and produce data which has to be consolidated by the accounting function of organizations. This information is referred to accounting information that may exist in different forms. Traditionally, this information was only available based on paper based working methods. However, as information technologies have been developed the accounting function has been shifted to computerized systems. These systems allow systematic entry of data and then making this information accessible to accountants who then process this data using various tools to generate financial information. In