StudentShare solutions
Triangle menu

Synopsis of a Contemporary Strategic Issue - Essay Example

Nobody downloaded yet

Extract of sample
Synopsis of a Contemporary Strategic Issue

innacle of Japanese innovation, very recently, Toyota has had to recall 8m vehicles due to “unintended acceleration” (The Economist, Feb 11, 2010). Toyota Prius (the hybrid vehicle) has developed problem with brake pedals that refuse to open (The Economist, Feb 9, 2010) and 440,000 vehicles would have to be called back. The firm’s reputation for quality on which the organization was built has been shattered. Toyota is busy chasing volumes at almost any price. Its global market share has fallen to 11.8% from 13.1% (Appendix A).
The business environment is currently turbulent and according to Ansoff, to survive and succeed in an industry the firm must be able to match the aggressiveness of its operating and strategic behaviours (Thompson & Martin, 2005). The business environment is characterized by several factors and the resources of the organization and the values must be congruent to the needs of the environment.
Changeability of the market environment- the current market is turbulent due to global economic downturn. Besides, due to the large amount of vehicle recall, Toyota’s market capitalization has dropped. The cost of recall is $2bn dollars (The Economist, Feb 9, 2010).
Globalization, individualizations, digitalization and increasing competition have increased the speed at which change is taking place in the industry (Jain & Garg, 2010). The car makers can now expand to new markets a fast pace.
Fertility of technology: The firm has always prided itself in being leaders in innovation but the cars rolled out recently have problems with brakes. The floor mats are badly fitted. All these suggest that the organization has to rethink its outsourcing policies. Toyota has depended on several layers of suppliers which has helped them to reduce the costs (SD, 2006) but they need to take note that most of the accelerator pedals were supplied by American parts-maker (The Economist, Feb 11, 2010). However, many automakers use the same suppliers and a domino ...Show more


While this is in response to the demands of the environmentally conscious consumers, companies very often are unable to meet the expectations. A competitive industry…
Author : urielstracke
Synopsis of a Contemporary Strategic Issue essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Synopsis of a Contemporary Strategic Issue"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Issue in contemporary auditing
I will be individually responsible for the auditing tasks and I can certify you that the service you would obtain from us would be of highest quality. We have agreed that we shall accumulate, as your representatives, the financial records on the basis of accounting information upheld by yourself and you will make complete disclosure of pertinent financial data to us.
12 pages (3000 words) Essay
Contemporary issue/topic
Following the 9/11 attacks on the United States, steps were taken to form one federal department to administer nearly all homeland security activities. Generally, however, and for this particular paper, homeland security implies the security system put in place by any country, but more particularly the USA, which has been necessitated by the growing scourge of terrorism, Muslim fundamentalism and insurgency operations proliferating worldwide and the need to effectively protect the home country as well have in place suitable counterterrorism or prevention measures for protecting the national borders, assets and interests.
15 pages (3750 words) Essay
Contemporary Management issue (Qasim)
It is totally based upon the set of belief regarding what is correct and what is not. Thus, it is very closely related to the concept of morality. Morality includes what is good or bad, right or wrong and is associated with justice and values. In other words, it involves the systematic process of determining correct or incorrect conduct.
10 pages (2500 words) Essay
Contemporary Management issue (Emaad)
Morality deals with customs, ideals and values ingrained in societal processes that explain the issues which are right or wrong. Ethics is more to moral ideals and the appliance of reason to expound specific rules and principles that establish right and wrong for a given situation.
10 pages (2500 words) Essay
Contemporary Issue In Marketing
In this context, it is stressed on the fact that relationship capital of an organization is the total summation of trust, experience and knowledge that the company has regarding their distribution partner, suppliers, employees and customers. These values are even more valuable than physical assets of the organization and are expected to derive long-term benefits for the same.
6 pages (1500 words) Essay
Contemporary Issue In Marketing
With the availability of technology and information, consumers have become more knowledgeable and smarter than ever. As a result, purchasing decisions have become much more concise, calculative as well as complex, where consumers go through a lot of information and data before making any final purchasing decisions.
6 pages (1500 words) Essay
Contemporary issue in marketing
Sony based in US is one of the right arms of SONY in Japan. The Sony Corporation had its foundations laid down in year of 1946. Sony is known all around the world for the best
11 pages (2750 words) Essay
Issue in Contemporary Management
100000 people working for the success of Olympics which is another strength of this event. This huge manpower can make enough facilities for the successful execution of the event. The major weakness of LOCOG is its smaller size. LOCOG is small
4 pages (1000 words) Essay
Strategic Choice and Evaluation (synopsis)
The goal for the individual organizations is to find the best strategies to meet the objectives of the firms, while ensuring each of the individual companies succeed. Conducting a SWOT analysis allows the strategic manager to determine the strengths,
1 pages (250 words) Essay
Furthermore, the organization can change its fee structure or charge a higher fee depending on the size of the facility and the hours in which the services are provided. Furthermore, the fee charged by the
2 pages (500 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment
Let us find you another Essay on topic Synopsis of a Contemporary Strategic Issue for FREE!
Contact us:
Contact Us Now
  • About StudentShare

  • Testimonials

  • FAQ

  • Blog

  • Free Essays
  • New Essays
  • Essays

  • The Newest Essay Topics
Join us:
Contact Us