1. Introduction
As we study the suit strategic management, we learn about various ways companies go about managing their businesses in the best possible way that evermore produces maximum results and profits. Every company has its own strategic ideas on how it wants to deal with its environment the best. This may include conducting research on competitors, having a thorough understanding of the company, identifying available resources, and perhaps analyzing grocery patterns. Information collected would then be churned to produce the around strategic way to manage both its internal and away factors that may affect the organization. Strategic management focuses on create a solid underlying structure to your business that bequeath subsequently be distinctly visible through the have efforts of every individual you employ.
Hence, as we speak about eternally producing maximum results and profits, we can safely say that Toyota is among one of those companies that has shown its capabilities to be among the top players in the automotive industry not all in its home country but also existence very successful across all continents. Founded in the course 1937 by Sakichi Toyoda, who was a prolific inventor during his time, Toyota has come a long way since its early days.
From the times when the company use to produce trucks and buses during the war period, it has now become a in full integrated automotive company with a wide aline of vehicles. (Toyoland.com, 2010)
If the companys history is read, it can be clearly seen that this company has been managed well from the start with philosophies that have been ingrained by its founders. By 1947, it had already produced 100,000 cars domestically and more was still to come. Today, it is considered the manhoods largest automotive company in name of gross sales and only second largest behind General Motors in terms of sheer capacity.
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