You are to develop the fundamentals of strategic plans for the Ford Motor Company and the Toyota Motor Corporation, two giants of the automobile industry. You are to develop SWOT analyses and propose strategies for the two multinational enterprises. In doing so, it will be necessary to research, analyze, and compare both firms to understand better their current position and future plans to increase competitive advantage. Common problems facing each auto giant today are the current economy; the competition of the other auto firms; and the demand for a lower cost, more ecologically friendly, alternative fuel vehicle. Your research should include the following issues for both firms. Present your data in the form of a comparative table.
Issues
Ford
Toyota
Legal, Social and Economic Environments
Management Structure
Operational & Financial Issues
Analysis of Strategic Intent
Social and External Challenges
Current Manufacturing
Facilities & Distribution System
Market Demand & Demographics
Alternative Fuels & Propulsion Systems
Your document must evaluate, compare and contrast Ford's and Toyota's current position on these issues. Respond to the following:
Take the perspective of Ford's Director of Strategic Planning to develop a full SWOT analysis of Ford, identifying and explaining at least five factors for each category (strengths, weaknesses, opportunities and threats) and propose a complete strategy (implementation, ramification and evaluation) which addresses one of Ford's weaknesses and what you would do about it.
Take the perspective of Toyota's Director of Strategic Planning to develop a full SWOT analysis of Toyota, identifying and explaining at least five factors for each category (strengths, weaknesses, opportunities and threats) and propose a complete strategy (implementation, ramification and evaluation) which addresses one of Toyota's weaknesses and what you would do about it.
Analyze the relationships between a firm and the political and economic forces within its community.
Apply critical thinking skills to analyze business situations.
Use effective communication techniques.
Additional Requirement
This question lies from Corporate Strategy and it is about the strategies of two car manufacturing companies, Ford and Toyota. The differences between their strategies have been given with relation to SWOT analysis in the solution in detail.
Word limit 1860