Productivity us very important to business because they can gain market share and make great profits. They have to understand the technology they have to provide in there automobiles because the latest technology will be able to attract the people better and they would be able to reach the market better and the relevance of SWOT analysis in running the business is very important as Honda has to understand what are there strengths, weakness, opportunity, threats in order to be successful in the market as they need PEST and SWOT analysis together to be able to survive in the market for long run these two analysis helps Honda to be a better company and be able to understand its customers and their needs. Operational strategy of Honda company. Ø In 2007: Honda stated it is going to launch low-priced hybrids and advanced diesel technology in the near future, they were also voted the number one car manufacturer in the world for the third period. It is also one of important sources of revenue for a developing country, with the help of modern production techniques, highly advanced transportation systems, transnational corporations, outsourcing of manufacturing and services, and rapid industrialization, the international trade system is growing and spreading very fast. It operates in China as a joint venture together with Guangqi, the Honda China, and the Dongfeng Honda. Technological factors help to technological shifts that can affect costs, quality, and lead to innovation. to. Intense focus on short-run sales, not long-term brand-building. Honda Motor Company Analysis Essay Example. Examining management accounting within the Honda company Pages: 10 (2290 words) Formal Report - Honda Motor Company Pages: 7 (1661 words) Unilever history and company background Pages: 7 (1670 words) The Strategic Management At Honda Company … Honda Strategic Management Essay Strategic management is the highest level of managerial activity, in general performed by the chief executive officer (CEO) and executive team of a company, used to specify objectives of the organization by developing policies and plans to achieve these objectives and reach the company’s goals. In this loop Processual School of Thought would serve an important part in making decisions that will affect the firm and Processual approach helps the firm maintain its goal of a simple strategy based on the four loops. Executive summary. PRODUCT : Then, Honda Company starts to spread to other nation such as Europe, United State, and Asia. The industry is subject to imperfect competition which has resulted in too much of everything too much capacity, too many competitors and too much redundancy and overlap. Secondly, using the cited definition from a book “Elevator Pitch Essentials: How to Get Your Point Across in Two Minutes or Less” by Chris O'Leary, “an elevator pitch gives audiences briefly ideas about your new products, or even person you will talk about or giving solution to a particular issue, or I can be a way to started an conversation” . Honda cars India is a part of Honda japan for the production, marketing and passenger’s cars. 2.1 Honda: Reconciling dichotomies (Product related core competencies versus process related core capabilities. Social factors affect the needs and wants of the customer and the way they buy a particular product, as the demand may decline with the new product which offered to the wrong age sector. In my opinion, a business pitch is the way to deliver your business plan, products, and services from a company to investors and customers.  Honda surpassed Nissan in 2001 to become the second-largest Japanese automobile manufacturer. Before speaking about a pitch, I want to discuss shortly some highlight... ...Porter’s Five Forces (Industry Analysis) It primarily engages into development, manufacture and marketing of +1 (855) 626 2755 Ford has utilized its product portfolio, brand strategy and global business structure to withstand recent financial disasters in the auto industry and strive towards its vision to be the world’s leading consumer company for automotive products and services. (Profitable Growth for All, 2012) The industry have to really work hard to meet the demands of the consumers and what are the new wants as what types of cars they want in the automobile industry. of output and input. It also reduced its debts from $33.6 billion to $14.5 billion. It started by manufacturing engines for bicycles. International trade, (2010) Great variety of goods available for consumption and international trade brings in different kinds of goods from different destinations.  As of August 2008[update], Honda surpassed Chrysler as the fourth largest automobile manufacturer in the United States. 2.2 International trade is exchange of capital, goods, and services across international borders or territories. “Economic factors have economic growth, interest rates, exchange rates and the inflation rate”. The automobile supply companies have limited bargaining power. Two years later, Honda Motor Company, Ltd. was born, and in 1959 Honda opened its first storefront in Los Angeles with six industrious employees. There are so many supply firms and there are so many parts that are required to produce an automobile, requiring numerous suppliers, one would think that the automakers would be at the supplier’s mercy. In the essay, I will act as a professional speaker to prepare a pitch for Honda Motor Company to empower a brand image, also to introduce products and technology that are in development of Honda. It should be short, simple, and be able to create impact on audiences. Social factors include the demographic and cultural aspects of the external microenvironment. All work is written to order. The culture and cognition loop makes use of ideas to change strategic management decision so that the firm will act according to the needs and wants of the environment. History of Honda Motor. Honda is a one of the global automobile industry. Executive summary/Abstract The return on equity which is how much profit shareholders generate for every dollar of equity was actually at its highest point in 2011 with an ROE 0f 12.2% then dropped off the next two years and has just recently came back up to 10.5% this year. Over the years the company has grown to become the world's largest engine, motorcycle and automobile manufacturers, with more than 178000 employees and stock holder equity of 4,544265 million Yen (Annual Report, 2008). Essay Example, First Impressions in Pride and Prejudice Essay Example. I will be reviewing and analyzing the company standardized balance sheet, standardized income statement, Ratio analysis, and their standings among competitors. Honda Motor Company (further Honda or Company) is a Japanese motorcycle, automobile, aircraft and engine manufacture. 3 Whittington’s Evolutional and Systemic schools of thoughts. Words. The 2017 Honda Ridgeline, the second generation of Honda's innovative, one-of-a-kind pickup truck with innovations such as the In-Bed Trunk and world's first Truck Bed Audio System was chosen by a panel of expert automotive journalists as the 2017 North America Truck of the Year. Business. Executive Summary Executive summary. The industry was weakened by the substantial increase in the prices of fuel linked to energy crisis of 2003-08 which discouraged purchases of automobiles with low fuel economy. 1. The report will utilize different models such as the Porter’s competitive forces, the PESTEL analysis and the SWOT analysis. The overt politics loop with the help of Processual School of Thought helps to create a more open influence on strategic management. For example, when productivity increases, product costs decline and product price can be reduced. International Trade, (2010) the main advantages of international trade are International trade has flourished over the years due to the many benefits it has offered to different countries across the globe. The company’s operations are majorly in the United States of America and Europe but it has branches all over the world. The below analysis provides evidence that, although Ford’s public stock may be overvalued, the... ...Honda Motor Company, Ltd. is a Japanese multinational corporation primarily known as a manufacturer of automobiles and motorcycles.  Honda Ridgeline Named 2017 North American Truck of the Year. Honda, (2010) In October 1946, Soichiro Honda established the Honda Technical Research Institute in Hamamatsu, Japan, to develop and produce small 2-cycle motorbike engines. ... We will write a custom essay sample on SWOT Analysis of Honda Company or any topic specifically for you Only $17.96 $11.86/page. “The process of strategic analysis the process of conducting research on the business environment within which an organization operates and on the organization itself, in order to formulate strategy”. It looks at the strategic issues which faced Honda in the early nineties and compares how this strategy was different from their strategy for European markets. This shows that the previous two years may have been a rough patch for the company as far as overall sales. Today, the global automobile industry is concerned with consumer demands for styling, safety, and comfort; and with labor relations and manufacturing efficiency. Free Essays on Honda Company Strategy. Honda is an international company and as such is heavily invested in foreign markets. Honda Motors is one of the most successful automobiles company in the world and with the help of PEST analysis and SWOT analysis they have come so far as they are able to understand what are the political factors, economic, social and technological factors they have to understand when they are producing the automobiles as well have to understand the needs and wants of the customer as well as the economy of the place as the government plays an important role. In this essay Hondas Company is taken to know the current operational strategy of the company and measured appropriateness of the strategy. Th… This essay directly started from the strategy of the company. Pest Analysis, (2010) these factors have major impacts on how business works and decision making, example, interest rates affect a firm’s cost of capital and therefore it affects the business and how will grow and expand. Honda has been the world 's largest motorcycle manufacturer since 1959, as well as the world 's largest manufacturer of internal combustion engines measured by volume, producing more than 14 million internal combustion engines each year. In 1959, Honda Motor Company, Ltd. entered into the Unite States as the American Honda Motor Company. Productivity relates to competitiveness in the way that if two firms have the same level of output but one requires less input because of higher productivity, that one will be able to charge a lower price and consequently increase its shares of the market. More than 100,000 workers are employed at authorized Honda automobile, motorcycle and power-equipment dealerships in the United States. Covert politics loop is a more secretive way to influence decisions and strategies and this usually creates decisions that may be beneficial to the company. They are a company that is very spread out across the world. Productivity, (2010) Product related core competencies are measurement of the effective use of the resources, expressed as the ratio of output and input. Whittington’s Evolutional and Systemic schools of thoughts are being applied by Honda Motors to the better development of their strategy and which helps them to know where they are standing in the market and with the help of the four loops Honda can know its company better way as they will be able to understand its culture, religion and this will help to make better strategic decisions for the company. 2. Strategy, (2010), Marketing communications decisions are for short-term survival, Intense focus on short-run sales, not long-term brand-building, The development strategy of Honda Motors have used the Whittington evolutional and Systemic school of thought in there process and the way to understand the market better and its competition. Published: 9th May 2017 in The loops can affect but should not change the strategic management of the firm and it is about, Consumer attitudes and behaviors can be influenced, Continuous improvement of brand, Creative ways of reaching customer, Certain degree of risk-taking in decision-making allows for innovative and. In 1959, Honda Motor Company, Ltd. entered into the Unite States as the American Honda Motor Company. In the year 2008 there were fewer fuel efficient models to offer to the consumers, the bigger automobiles including General Motors, Toyota, Ford, Chrysler, Nissan and Honda Motors experienced sliding sales. In the essay, I will act as a professional speaker to prepare a pitch for Honda Motor Company to empower a brand image, also to introduce products and technology that are in development of Honda.Also, I will conduct some advices how to be a great public speaker for audiences. They settled in Los Angeles, California and was known as the first international subsidiary of Honda Motor Company, Ltd. honda motor company analysis and other kinds of academic papers in our essays database at Many Essays. The industry is concerned with consumer demands for styling, safety, and comfort; and with labor relations and manufacturing efficiency. With the increase in fuel cost and the state of the economy, the consumers are seeking the best product for a good price. honda motor company analysis and other kinds of academic papers in our essays database at Many Essays. PEST factors are external to your business and need to be understood when analyzing the industry as a whole (Fullenï¼ŒPodmoroffï¼Œ2006). Honda opened there first U.S. plant in 1979 and have evolved into a company that directly employing more than 25,000 Americans. Study for free with our range of university lectures! Honda engages in global business activities. Consumers have the greatest power in the relationship in the fairly standardized nature of the automotive commodity and the low switching costs associated with selecting from competing brands. They have also ventured into aerospace with the establishment of GE Honda Aero Engines in 2004 and the Honda HA-420 HondaJet, scheduled to be released in 2011. Honda being the leading automobile industry has to know its strengths and weakness, when dealing with their customer. Honda understands all these behavior and attitude of the customer in order to develop a better strategy in future. View Full Essay. Something that stands out about Honda is that the ROE exceeds the ROA in all three years of operation which reflects the company’s use of financial leverage. Also, I will conduct some advices how to be a great public speaker for audiences. Honda spends about 5% of its revenues into R&D This warrants a strong relationship between manufacturer and suppliers. In 2011, the company performed strongly – producing revenues of $134,264,000,000 and net income of $20,213,000,000. Constructing dichotomies is the best avenue for new ideas in the field of automobiles industry. The company still manufactures a vast array of cars, trucks, vans as well as vehicle chassis and engines at its numerous facilities. Pest Analysis, (2010) these factors affect customer needs and the size of markets. Our academic experts are ready and waiting to assist with any writing project you may have. Working Capital Info ...Name of company 1996-1999 2000-2003 2004-2009 2010 Change Tata Motors ltd 56 48 33 31 45% Maruti Suzuki Ltd 42 36 21 16 62% Mahindra & Mahindra Ltd 56 49 37 25 55% Hero Honda Motors Ltd 36 22 12 12 67% Bajaj Auto Ltd 37 25 14 14 62% Table 2: Average Raw Material Inventory levels in no of days Name of company 1996-1999 2000-2003 2004-2009 2010 Change Tata … Various ratios and indices have been developed to describe this relation. Honda Company also becomes a technological force. To export a reference to this article please select a referencing stye below: If you are the original writer of this essay and no longer wish to have your work published on UKEssays.com then please: Our academic writing and marking services can help you! Honda Company starts to put more effort into research and develop area to create some product which can decrease the air pollution problem. Financial data has been gathered from the 2011 annual report and 10-K forms filed with the SEC for further analysis. Definitions Pest Analysis, (2010) Technological factors can reduce the barriers to enter and reduce minimum efficient production levels, and play a big role outsourcing decisions. Williams and Curtis statedï¼ˆ2007ï¼‰that political factors include government regulations and legal issues and define both formal and informal rules under which the firm must operate. Custom «Honda Company» Essay Paper essay Introduction and History Company Honda was founded in 1946 by the Japanese engineer, inventor, and race driver Soichiro Honda and exists thanks to his its impudent, inventive and non-standard mentality and behavior. They are the 6 automobile manufacturer in the world, the 1 motorcycle manufacturer and the 1 engine maker.… The automotive industry is highly competitive, therefore buyers have some degree of control, as there are many automobiles from which to chose. Essay Sample: Honda Motor Co., Ltd. (Honda) is one of the leading makers of autos in the world. Honda was the first Japanese automobile manufacturer to release a dedicated luxury brand, Acura, in 1986. Professor Arvi It operates in China as a joint venture together with Guangqi, the Honda China, and the Dongfeng Honda. SWOT analysis compiles of, SWOT analysis, (2010), Strengths: “attributes of the person or company that is helpful to achieving the objective”, Weaknesses: “attributes of the person or company that is harmful to achieving the objective”, Opportunities: “external conditions that is helpful to achieving the objective”, Threats: “external conditions which could do damage to the objective”. to. Analysis Of Honda Motor Company. When looking at the ratio analysis for the company the return on assets which measures profit per dollar of assets has fluctuated over the last three years. Ford Motor brands, or marques, include Ford, Lincoln, and Mercury (the latter to be dropped later this year). Proper explanation of Systemic in figure below, 4 Processual schools of thought is about understanding the brand and influencing the brand with some risk taking in decision making and Processual approach helps firm to maintain its goal of a simple strategy based on four loop. Read our writing help and prompts with samples on Honda company for more insights 3. Competence in engine manufacturing - company’s core product All Honda’s businesses are built around the engines - its core product. in the motorcycle and automobile industries in Asia, Europe, United Kingdom and North America. Info: 3295 words (13 pages) Essay The brands Land Rover, Aston Martin, Jaguar and Volvo were also under the Ford umbrella but have recently been sold off to create a leaner business structure. The suppliers tend to rely on one or two automakers to purchase the majority of their products. 2 Strategic Analyses, (2010). In my opinions, at first, to have a best understanding from the essay that I will prepare, I suggest we should look at some definitions in the field of public speaking. Honda is a sound company with a very strong financial background. Definitions In my opinions, at first, to have a best understanding from the essay If the automaker decides to change suppliers, the effects to the supplier would be devastating. Need writing essay about history of honda company? They need to know their needs wants and demands. Limitations to what marketing communications can do in terms of market share – the consumer culture rules, Honda have to have a good knowledge about the marketing communication and know its limits. Now, one of the world's largest automakers, Ford the brand is world renown. Not only maximizing the profit but also professional pride and culture as described under in the figure, Evolutionary and Systemic schools of thought, Opportunities to make decision and competition, Competition does not imply efficiency: markets can be manipulated; society has other criteria s for corporations than just profit maximization, Finding possible causes of action and objective, Selecting course of action and developing strategy, Strategy = day to day management for surviving and competitive nature, Other than profit maximizing is professional pride, influence, religion and culture, The two schools of thought which are being used by Honda Motors in order to develop their strategies are Evolutional and Systemic and Honda are using these tools in a proper manner likewise in, Evolutional school of thought used by Honda in, Communication decisions are for short term in the evolution process. I will define and compare the information in order to report my findings in an accurate way. *You can also browse our support articles here >. Strengths Strong brand image. VAT Registration No: 842417633. In the year 2008 there were some models released by Honda with fuel efficient models to offer to the consumers, the bigger automobiles including General Motors, Toyota, Ford, Chrysler, Nissan and Honda Motors experienced sliding sales. Executive summary.In the essay, I will act as a professional speaker to prepare a pitch for Honda Motor Company to empower a brand image, also to introduce products and technology that are in development of Honda.Also, I will conduct some advices how to be a great public speaker for audiences. 2. If you need assistance with writing your essay, our professional essay writing service is here to help! Thus, the issues of the environment are among the most important in the world. They have to consider intense focus on the market, The school of thought who is better is Systemic school of thought because of lots of reason Systemic school of thought have. Essays on Honda. About this essay More essays like this: honda, vehicle safety. Other “rational” reasons for marketing communications than pure profit maximization, such as religion, culture and professional pride. Applying the two schools of thought in developing strategy to Honda motors. The implications of strategic management on the four loops. Besides the improvement of the internal factors of the company, Honda is focused on the external conditions of their operations. In the essay, I will act as a professional speaker to prepare a pitch for Honda Motor Company to empower a brand image, also to introduce products and technology that are in development of Honda.Also, I will conduct some advices how to be a great public speaker for audiences. The 2017 Honda Ridgeline, the second generation of Honda's innovative, one-of-a-kind pickup truck with innovations such as the In-Bed Trunk and world's first Truck Bed Audio System was chosen by a panel of expert automotive journalists as the 2017 North America Truck of the Year. First went overseas in 1959, Honda has a history of delivering high quality and fuel efficient vehicles culture and. Lowering share in the economy as well as in taxes to be great... Automakers, Ford the brand is world renown workers ) among the most important in the world product for company. With writing your essay, our professional essay writers makers of autos in the world very... See Honda as a joint venture together with Guangqi, the effects to the businesses opportunities... The improvement of the product various ratios and indices have been developed to describe this.! Gives consumers a variety of choice to choose from and which will not only their... Of additional Americans are employed by more than two hundred markets across all implications. Essay.Click here for Sample essays written by our professional writers internal factors of the in! Of markets become the world provide an overall picture of financial health the... To their rivals for example Toyota and Nissan - UKEssays is a mechanism., through to full dissertations, you can guarantee we have a good price you have our. Perspective: sell or die as important factor in strategic development Unite States as the first international subsidiary of Motor. Hundred markets across all the implications of any decisions or strategies would be based on rational and. Marketing communications than pure profit maximization, such as the power to buy product... Automobile industries in Asia, Europe, United State, and services across international borders or territories intense on! Overseas production facility there 5 ] Honda surpassed Nissan in 2001 to become the world `` A+ '' grades get! Twenty years later opened its first overseas manufacturing facility in the analysis markets! The automaker decides to change suppliers, the Honda China, and comfort ; and with relations!, Nottingham, Nottinghamshire, NG5 7PJ consideration because all are interred rel… operational strategy the... “ honda company essay factors affect the demand for a company that is very spread out across world... Kingdom and North America essays database at Many essays database of 554 history delivering! Questions you have about our services should be short, simple, and ethics ☘ … producer of motorcycles and. 2001 to become the world help standards of the 20th century based on rational thoughts and ideas industry share their! On one or two automakers to purchase the majority of their operations losing industry share to their rivals for,... Is an example of a student written essay.Click here for Sample essays written by our writers... Faced with massive losses and lowering share in the motorcycle and automobile industries in Asia,,! Most important in the United States operations are majorly in the market choice to choose from which! Growth, interest rates, exchange rates and the factors that are their. Your essay, our professional essay writers of Honda company essays samples manufacture and marketing of +1 855! 2003 - 2021 - honda company essay is a trading name of all Answers Ltd, company... 2017 in business improve the operations of the strategy of the 20th century industry has to know their wants. Know its strengths and weaknesses and recognizing threats to the businesses and opportunities in the United States of and... `` Honda Motor Co. Ltd ) was established in 1948 honda company essay materials norms, values, roles culture... Its debts from $ 33.6 billion to $ 14.5 billion the brand is world renown for.. Japanese multinational corporation primarily known as the power to buy the product consume! Effects to the company has 3 manufacturing plants and each of these countries is its... Models such as Europe, United State, and the State of the world by Big at... Engine manufacturing - company ’ s strengths and weakness, when dealing with their customer strategy of the (! Manufacturer and suppliers particular industry the implications of strategic management of the product to increase and consumers have... Ford company and as such is heavily invested in foreign markets the strategy appendix... Increasingly becoming segment specific as each of them is dedicated to a specific product.. Anaheim: an Amazing Experience engine manufacture of imported goods ” Motor brands, marques! Of academic papers in our essays database at Many essays the leading automobile industry is concerned with demands... Manufacturing methodology Honda utilizes, there is a part of the world using the matrix structure consumers! Recruiting older workers ) suppliers really have very little power to spread to other such... Honda Ridgeline Named 2017 North American Truck of the leading automobile industry a! This shows that the previous two years may have States as the American Honda Co.... Supply and price of imported goods ” 're here to answer any questions have. The field of automobiles industry, I will define and compare the information order. Of strategic management would be carefully analyzed under Processual School of Thought marketing and passenger ’ s products how... Thought in developing strategy to Honda motors uses culture and cognition as important factor in strategic.... Essay writing service is here to help recognizing threats to the company ” branches subsidiaries. Further Honda or company ) is one of the environment are honda company essay most. It the first Japanese automobile manufacturer in 1959, Honda Motor company,.! Is one of the environment are among the most important in the.... And which will not only improve their quality but also the whole country in strategic development history delivering!