Honda and Toyota are two leading automotive companies known for innovation. Honda innovates through its expertise in engine development, creating highly efficient engines like the CVCC and VTEC. It also created new products like the Honda Jet and ASIMO robot. Toyota innovates through its Toyota Production System of continuous improvement. Key aspects are "jidoka", eliminating waste, and "just in time" production. Both companies heavily invest in R&D and have regional centers to develop new technologies and models. Their focus on innovation and efficiency has made them successful global automotive leaders.
The purpose of project 3 is to study about the automotive industry in generally. Then the scope will going deeply to reveal what innovation was occur nowadays in this industry. The study will take two major players in this industry. These are Toyota Motor Company and Honda Motor Company. Inside this document also will review about how the largest automotive manufacturer such Toyota Motor Company and Honda Motor Company carries out the management of innovation. Innovation management will discuss about Toyota Production System (TPS), Toyota Way, Seven Principles of Toyota Production System (TPS), Honda’s Philosophy, Fundamental Beliefs and Three Joy. At the end of this document, it wills write-down how the automotive industry will be manage in the future that focus on research & development (R&D).
It`s about how Toyota has excelled in the automobile industry through its relentless innovation and its journey of ups and downs in becoming the leading car manufacturer in the world
The purpose of project 3 is to study about the automotive industry in generally. Then the scope will going deeply to reveal what innovation was occur nowadays in this industry. The study will take two major players in this industry. These are Toyota Motor Company and Honda Motor Company. Inside this document also will review about how the largest automotive manufacturer such Toyota Motor Company and Honda Motor Company carries out the management of innovation. Innovation management will discuss about Toyota Production System (TPS), Toyota Way, Seven Principles of Toyota Production System (TPS), Honda’s Philosophy, Fundamental Beliefs and Three Joy. At the end of this document, it wills write-down how the automotive industry will be manage in the future that focus on research & development (R&D).
It`s about how Toyota has excelled in the automobile industry through its relentless innovation and its journey of ups and downs in becoming the leading car manufacturer in the world
This is a mini case study of TOYOTA as an assignment in Internship under Prof Sameer Mathur.
I hope it will be helpful for all.
Please do read and review.
Management 315: International Management, Professor In Hyeock Lee
Loyola University Chicago Spring 2013
This case study analyzes Honda's overall performance as a multinational enterprise using the company's revenue data, 4 distances, firm specific advantages, country specific advantages, foreign direct investment, and much more.
This is a mini case study of TOYOTA as an assignment in Internship under Prof Sameer Mathur.
I hope it will be helpful for all.
Please do read and review.
Management 315: International Management, Professor In Hyeock Lee
Loyola University Chicago Spring 2013
This case study analyzes Honda's overall performance as a multinational enterprise using the company's revenue data, 4 distances, firm specific advantages, country specific advantages, foreign direct investment, and much more.
Fire Protection, Fire Detection & Fire Extinguishing and SOLAS Requirements by Mohd. Hanif Dewan, Senior Engg. Lecturer, International Maritime Academy, Bangladesh.
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. Also it’s a process of distributing resources of the company so as to pursue the plans.
Strategic management supply overall direction to the entire enterprise. An organization’s strategy should be suitable for its resources, situations, and objectives. The process takes in consideration to join the companies’ strategic advantages to the business environment the organization faces. The important objective of an overall strategy is to make the organization into a position to do its mission effectively and efficiently. A best corporate strategy must include an organization’s goals, policies, and tactics into a cohesive whole.
This describes the Automobile Industry with a current scenario.
Lead for the help of Ecom - Nomic growth rate.Environmental Analysis with positive attraction over global
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
We all have good and bad thoughts from time to time and situation to situation. We are bombarded daily with spiraling thoughts(both negative and positive) creating all-consuming feel , making us difficult to manage with associated suffering. Good thoughts are like our Mob Signal (Positive thought) amidst noise(negative thought) in the atmosphere. Negative thoughts like noise outweigh positive thoughts. These thoughts often create unwanted confusion, trouble, stress and frustration in our mind as well as chaos in our physical world. Negative thoughts are also known as “distorted thinking”.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
Students, digital devices and success - Andreas Schleicher - 27 May 2024..pptxEduSkills OECD
Andreas Schleicher presents at the OECD webinar ‘Digital devices in schools: detrimental distraction or secret to success?’ on 27 May 2024. The presentation was based on findings from PISA 2022 results and the webinar helped launch the PISA in Focus ‘Managing screen time: How to protect and equip students against distraction’ https://www.oecd-ilibrary.org/education/managing-screen-time_7c225af4-en and the OECD Education Policy Perspective ‘Students, digital devices and success’ can be found here - https://oe.cd/il/5yV
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
The Art Pastor's Guide to Sabbath | Steve ThomasonSteve Thomason
What is the purpose of the Sabbath Law in the Torah. It is interesting to compare how the context of the law shifts from Exodus to Deuteronomy. Who gets to rest, and why?
2. Introduction
• The automotive industry designs, develops,
manufactures, markets, and sells the world's
motor vehicles.
• Industry begins since the invention of internal
combustion by Nicolaus August Otto in 1876.
• Daimler, Henry Ford, Kiichiro Toyoda, and also
Soichiro Honda change the industry culture by
adopted the innovation in the vehicle
manufacturing.
3. Automotive Industry Originally
• The originally of automotive industry start in
Germany.
• The four-stroke internal combustion engine
invented by Nikolaus Otto in Germany.
• The petrol engine automobile was invented in
Germany by Karl Benz in Germany.
• The diesel engine was also invented by German
Rudolf Diesel.
4. Automotive Industry Originally
• Germany is famous for the high-performance
and high-quality sports cars made by Porsche,
and the cars of Mercedes, Audi and BMW are
famous for their quality and technological
innovation.
5. Innovation Taken Place
• Innovation in automotive industry expands in
line with time.
• From basic primitive operation of four stroke
engines, nowadays the hydrogen fuel cell was
developed to drive the future technology for
future user.
• Big players in this industry nowadays compete
each other to make innovation in their products.
6. Innovation Taken Place
• Volvo Company for example leading innovation in
safety matters in their vehicle.
• Honda from Asia country is a leading innovation in
making an efficient and environmental friendly
vehicle.
• Innovation doesn’t taken place in development of
engine, it also expands in the other parts of
automotive such as safety issue, technology
adopted, material development, customers
satisfaction, even in the management of the
companies it self.
8. Honda Motor Company
• Honda was founded by Soichiro Honda, a
Japanese engineer in industrial.
• 1937 – He started produce piston ring for small
engine which lead the manufacturing a small
engine in motorcycle.
• 1948 – He start producing complete motorcycle.
• 1959 – Honda motorcycle first shipping to United
States.
9. Honda Motor Company
• Nowadays, Honda Motor Company is a
multibillion dollar multinational company.
• It is a 1st larger motorcycle and 6th larger
automobile manufacturing in the world.
• Honda also is the larger engine maker in the
world producing more than 14 million internal
combustion engines each year.
10. Honda Motor Company
• Honda’s product including automobile, robot,
marine engine ,power boat, water craft, jet, jet
engine, electrical generators, aeronautical and
other automobile technology.
• Honda’ main competitor including Toyota,
General Motor, Ford, Chrysler and Nissan.
11. Where Does Honda Innovate?
• Honda’s Known knowns – “Making better
better”.
– Honda nowadays have reputation of delivering the
high performance engine in the world.
– Having start as engine manufacturer, it concern about
high efficiency, effectiveness and quality of engine.
– In 1972, Honda produce CVCC engine allowing Honda
achieve the US emission standard.
12. Where Does Honda Innovate?
– In 1988, it announce the VTEC engine which increase
volume efficiency of four-stroke internal combustion
engine.
– In 1999, it announce the introduction of FCX V1 and
FCX V2 engines which were first receive the
certification of commercial use in US in 2002.
– In the future will introduce the new FCX which
efficiently produce zero emission.
13. Where Does Honda Innovate?
• Honda’s known unknowns – “Onwards, onwards
anywhere but backwards”.
– Base on the Honda expertise in the engine, the
company has successful pursue in radical changes in
product ways.
– Thus, Honda invented Honda Jet where have unique
wing engine mount configuration. It reduce drag and
provide more space to build a bigger cabin.
14. Where Does Honda Innovate?
– In 2006, Honda receive the first order for its Honda
Jet which have 35% more fuel efficiency then similar
aircraft. It achieve by the development of high grade
material, aerodynamic, efficient engine and design.
15. Where Does Honda Innovate?
• Honda’s unknown unknowns – “The power of
dream”.
– The cars that do not crash. Honda started to realize
dream about the car which rather than just
protecting again the worse, but prevent the worse
from happening. The new CRW features collision
navigation breaking system warn the driver if the car
is too close to the front. It identified the break and
retract the seat belt if the driver move forward.
16. Where Does Honda Innovate?
– ASIMO, the Honda’s humanoid Robot. Create by
Honda which take 20 years for the development.
– ASIMO is the world’s first humanoid robot which
have programmed with intelligent capability.
17. How Does Honda Do It?
• Honda has regional hierarchical organization
structure that help the company achieve the
objective which is efficiency, effectiveness and
environment friendly.
• Failure – The secret to success. Honda also have
high tolerance of failure.
18. How Does Honda Do It?
• Honda Engineering Company.
– Where the concept & design development of more
effective and efficient occur.
– The activities base on industrial analysis and support
by their expertise such as electronic, computer aided
design, fluid flow, software, material, simulation
technique, mechanics, ceramics and heat transfer.
19. How Does Honda Do It?
• Honda R&D Company - Fundamental research,
trial and error.
– This is where Honda’s fundamental research take
place by using trial and error strategy.
– To offer something of
value to the people of
the world with their
dreams and hopes for
the future.
21. Toyota Motor Company
• The most innovative automotive company in the
world.
• In 2009, business week magazine ranked Toyota
the 3rd world innovative company.
• Through their effective management system and
productive production, Toyota become the larges
firm in the global industry automotive by sales.
23. Toyota Motor Company
• The core business of Toyota is designing,
manufacturing and selling automobile.
• Toyota has developed many well known brand
such as Corolla, Camry and Prius.
24. Toyota History
• Toyota begins in 1924 with the invention of
Toyota automatic loom.
• The innovation is using the concept of
Autonomation or “Jidoka” to eliminate the need
of human operates and also eliminate the
wasting of production.
• In 1929, Kiichiro Toyoda develop small engine.
• In 1935, Toyoda produce A1 prototype passenger
car.
25. Toyota History
• Two years later, he found the Toyota Motor
Company.
• In 1938, Toyota adopt innovative system called
“Just In Time”.
• In 1957, Toyota export the first Japanese
passenger car to US and established the 10
motor sales company in the US market.
• In 2009, Toyota have impressive 46% market
share in the Japanese domestic market and own
16% in the US market.
26. Toyota History
• However, it still faces the intense competition for
the US, European and Asia market from GM, Ford
and Volkswagen.
• Investment in R&D - To win the battle, Toyota
invest heavily in solving consumer driving issues
which are safety and environment impact.
• Toyota become pioneer in Hybrid technology
development. The firm invest innovative
capabilities to stay ahead from other hybrid
manufacturers such as Honda.
27. Innovation Strategy
• Toyota firm operate:
– Closed system of innovation
– Decentralized
– Highly collaborative
– All employees are encourage to offer ideas to
improve the efficiency.
– Every year, approximately 1 million ideas was
collected annually.
28. Innovation Strategy
• Toyota established 11 region center around the
world:
– 4 in Japan
– 2 in Asia-Pacific
– 2 in the US
– 3 in Europe
• With the half is R&D center, the company create
64 models sale around the world.
29. Innovation Strategy
• Toyota generate radical in incremental and
innovation in its products.
• Toyota heavily invest in R&D activities in the
technical center worldwide and spend
approximately 4.4% from its revenue for R&D.
30. Innovation Strategy
• Toyota R&D center have 3 level of strategy:
– Basic Research
• Vehicle related technologies
• Enhance efficiency
– Technologies Breakthrough
• Hybrid Technology
• Fuel Cells
– Product Development
• Upgrade on current models
31. Toyota Production System (TPS)
• Toyota continuous improving its operating
system according to the principle of “Kaizen”,
“Jidoka” and “Just In Time”.
• Jidoka – Eliminate wasting
during production
• Kaizen – Continuous
improvement
• Just In Time – is an inventory
strategy that strives to
improve a business's return
on investment by reducing
in-process inventory and
associated carrying costs.
32. Toyota Way
• Focus on flow
• Each process must add value
• Interrupted eliminated
33. Kaizen
• The processes are continuously improve through
even smallest incremental innovation.
34. Standardization – “Heijunka”
• Toyota standardize processes in the production
line. It established the same production line
around the world and using same production
procedures for each model of car.
– Using same production line
– Different models, same factory line
• This mean the model of Corolla, Crown, and
some other models can be manufactured within
the same production line.
35. Managing Uncertainty
• Toyota has make excellent first mover advantage
in market segment in hybrid technology.
• It use Japanese market as test for a new product.
• The Prius was launch domestically 2 years before
roll out in European and US.
• “Just In Time” limit exposure to failure.
36. Capturing Value From Innovation
• Cost reduction through efficiency
Drive market share
• High quality produced through TPS
• In term of R&D, Toyota filed its patent to protect
valuable intellectual property (IP).
– 2000 patents for 2010 Prius.
37. Toyota Future
• For Toyota, the future is bright.
• Toyota core competency is it integration
innovative product with innovation in process
and leave the competition line far behind.
• The competency is achieve not through by
mechanical implementation strategy, but its born
organically from the culture started by Sakichi
Toyoda in 1920.
• Until now, innovation is prior and the big thing
for Toyota