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IN
SETTING PRODUCT STRATEGY
TOYOTA INTRODUCED THE FIRST
ELECTRIC-GASOLINE CAR IN 2002
WHICH MADE IT A LEADER
IN 2006,TOYOTA EARNED OVER $11
BILLION-MORE THAN ALL OTHER
MAJOR AUTOMAKERS COMBINED.
IN 2007,IT EDGED PAST GENERAL
MOTORS TO BECOME THE WORLD’S
LARGEST CAR MAKER.
HOW WAS IT ABLE TO GROW SO MUCH
BIGGER THAN OTHER AUTO
MANUFACTURER
AT THE HEART OF A GREAT BRAND
IS A GREAT PRODUCT
TOYOTA DIFFERNTIATES ITS PRODUCTS
FROM COMPETITORS IN VARIOUS WAYS
FEATURES
CUSTOMIZATION
LOWER COST SCIONS
MID-PRICED CAMRYS
LUXURY LEXUS
DURABILITY
RELIABILITY
PERFORMANCE &CONFORMANCE
QUALITY & STYLE
ADVERTISING
TOYOTA FOCUSED ON STRECHING ITS
PRODUCT LINES AND LINE FILLING.
ANOTHER BIG REASON BEHIND TOYOTA’S
SUCCESS IS ITS MANUFACTURING.THE
FIRM IS THE MASTER OF LEAN
MANUFACTURING AND CONTINUOUS
IMPROVEMENT IN INNOVATIONS. ITS
PLANTS CAN MAKE AS MANY AS EIGHT
DIFFERENT MODELS AT THE SAME TIME.
Remarkable women actively contribute to their
community and the world through innovation,
entrepreneurship and invention.
VIDEO (DOUBLE CLICK TO WATCH)
PRODUCT DESIGN
TOYOTA PRODUCTS RESEMBLES
BOLD SIMPLICITY
REAL AUTHENTICITY
TOYOTA WORKERS ARE VERY GOOD
INVOLVED IN ETHNOGRAPHIC STUDY
OF CONSUMERS.
TOYOTA MUSIC FESTIVAL STRATEGY
Music is a powerful platform for reaching
millions and multicultural audiences, a fact not
lost on Toyota
HARMONIZING WITH THE ENVIRONMENT
Globally, Toyota has indicated a strong and
diverse commitment to the pursuit of
harmonious growth through its technically
advanced and environment-friendly
products.
HAS TOYOTA DONE THE RIGHT THING
BY MANUFACTURING A CAR BRAND
FOR EVERYONE ??
TOYOTA TARGETED ALL SEGMENTS OF
MARKET DESIGNING DIFFERENT PRODUCTS
LISTENING TO DIFFERENT CUSTOMERS
OCCUPYING A MAJOR PORTION OF MARKET
SHARES AND PROFITS.
BUT???
THIS QUICK GROWTH THAN OTHER
MANUFACTURERS LEAD TO QUALITY AND
SAFETY CONCERNS DAMAGING THE BRAND
AND MARKET SHARE.
TOYOTA LOSE ITS SALES WORLDWIDE AND
MARKETSHARE DROPPED 4PERCENT IN THE FIRST
3 MONTHS OF RECALL.
TOYOTA IS WORKING TO BRING ITS CONSUMERS BACK TO ITS
BRAND OFFERING INCENTIVES SUCH AS 2YEARS OF FREE
MAINTAINANCE AND ZERO PERCENT FINANCING.
SUMMARY
1. INTRODUCTION OF TOYOTA
2. PRODUCT DIFFERENTIATIONS.
3. ACTIVITIES TO PROMOTE THE
PRODUCT
4. PROBLEMS DURING THE GROWTH
5. COMPANIES PERSPECTIVES TO
OVERCOME IT.
DISCLAIMER
CREATED BY S.HARIBABU ,MNIT
JAIPUR,DURING A MARKETING
INTERNSHIP BY
PROF.SAMEERMATHUR,IIM LUCKNOW

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