SWOT & PESTEL analysis of Toyota
SWOT analysis of Toyota
Various strengths of Toyota include strong human resource, innovative organizational culture, and strong image of the brand, Strong Diversified, Advanced, Global Supply Chain, and High Production Capability. These strengths provide a huge benefit to the organization in its operations besides boosting its revenue. Strengths of Toyota referred to the area that keeps it far ahead compared to its competitors. Toyota had always been on the top starting from the practiced management system up to lean manufacturing details. Toyota had sent examples for its fellow companies. Toyota had provided serious competition to its competitors.
Talking about the weaknesses of a certain business means the overall areas where it has the chance to improve a lot. These are the areas where the business has much to do with further improvement. The areas include dependence on the suppliers, Not Grabbing Markets, Negative Publicity, and Poor Brand Recognition. These weaknesses have serious impacts on the revenue as well as the operations of the organization. Dependencies of the suppliers has numerous negative impacts on the organization. Toyota has numerous suppliers all over the world, they would have to depend on them. This makes the overall production a bit sloth.
Opportunities for a certain business refers to numerous areas which can be used for gaining more amount of revenues. The vital opportunities of Toyota include the growth of Developing Nations, Green Vehicle Technology, and Growing Concern for Environmental Pollution.
Threats are the factors that can make a certain business face downturn if not taken care in an appropriate manner. The potential threats of Toyota are Number of Competitors, High-priced Raw Materials, Lower Profits.
PESTEL analysis of Toyota
Moving into the right countries at the right time.
Toyota had considered increasing the car development in the Thailand in other countries. Some more factors include favoured trading partners, Work week regulations in Automobiles & Parts, Mandatory employee benefits, Risk of military invasion, Legal framework for contract enforcement, Work week regulations in Automobiles & Parts, Product labelling and other requirements in Automobiles & Parts.
The need to adapt to new technology
Various economic factors include exchange rates and stability of host country currency, infrastructure quality in automobiles and parts industry, skill level of workforce in automobiles and parts industry, Education level in the economy, Labour costs and productivity in the economy, Business cycle stage (e.g. prosperity, recession, recovery), Economic growth rate, Discretionary income, Unemployment rate.
A malfunction ruined Toyota’s brand image
Some social factors include Demographics and skill level of the population, Class structure, hierarchy and power structure in the society, Education level as well as education standard in the Toyota Motor Corporation’s industry and Culture.
The first hydrogen car
Various technological factors include recent technological developments by Toyota Motor Corporation competitors, Technology's impact on product offering, Impact on cost structure in Automobiles & Parts industry, Impact on value chain structure in Consumer Goods sector, Rate of technological diffusion.
Which had Impact on Toyota Motor Corporation
Some factors include Weather Climate change, Laws regulating environment pollution, Air and water pollution regulations in Automobiles & Parts industry, Recycling, Waste management in Consumer Goods sector, Attitudes toward “green” or ecological products and endangered species
Some legal factors include Consumer protection and e-commerce, Employment law, Health and safety law, Data Protection