Sample Thesis Paper
There are enormous costs of setting up the plants and further costs in terms of training and retaining good labor. This cost situation and the company’s reliance on Just-in-Time inventory management and other continuous improvement mechanisms put it in a situation of volatility with regards to fluctuations in the market. If the market demand falls, the company is faced with a situation of over capacity and if market demand rises, it results in under capacity.
The Toyota Motor Company does have its fair share of potential opportunities to explore. One of these is the company’s strategy for venturing into the Hybrid car market. The company has achieved a reputation of developing environmentally friendly vehicles such as the Toyota Prius which is a result of advanced technology produced by the organization. This has been an important foray as the rapidly rising oil prices has seen customers running towards Hybrid cars leading to a resultant increase in sales in this segment.