Toyota Motor Company

1. Describe Toyota’s transition from an automotive company to a mobility company.

Due to the changes in technology, there is an increased need to go beyond cars. Toyota aims to create innovations for the next generation featuring cutting-edge technologies such as electrification, autonomous, automated driving, and connectivity, which will expand mobility (Toyota, 2020). The company is transiting to creating an eco-friendly environment and ensuring that they make cost-friendly and valuable products. This is in line with the vision of competitiveness and compassion and collaborating with other companies to ensure a smooth transition.

2. How does Toyota’s corporate philosophy relate to the concepts of profit responsibility, stakeholder responsibility, and societal responsibility?

Toyota’s corporate philosophy is that of striving to be an excellent corporate citizen trusted by all stakeholders. And to contribute to the creation of an affluent society through all its businesses (Toyota Motor Corporation, 2020). These concepts are related as the company is responsible to its stakeholders by ensuring that they are accountable to them and ensure that they are trusted by its customers and providing quality services.

3. How does Toyota’s Mirai fit with the goals of the challenge 2050 initiative?

The Mirai fit with the challenge 2050 initiative as it sees to ensure that the environment is free from pollution. Due to the contents of the challenge initiative, the company must attempt to achieve these targets. The Mirai fit in as electric vehicles’ production, plug-in hybrid petrol-electric vehicles, and fuel-cell vehicles. This production fits in as it will provide low carbon emissions to the environment and create pollution-free cars.

4. What new mobility products and services is Toyota considering for the future?  What activities would you recommend for Toyota as it prepares for the future?

The company is considering the following services and products. Well-built cars, smart manufacturing, and intelligence sharing enhance idea sharing and growth (Toyota Motor Corporations, 2020). They are also considering the development of power trains, which will form the core of the automobile.

I would recommend that the company engage and involve more research institutions and researchers to increase creativity and more production of electric vehicles and research to ensure that they stay ahead.

 

 

 

 

References

Toyota. (2020, September 2). Toyota Motor Corporation Official Global Website. Retrieved from Toyota Motor Company: https://global.toyota/en/mobility/related-information/

Toyota Motor Corporation. (2020, September 2). Toyota Motor Corporation Global Website. Retrieved from Toyota Motor Company Web Site: search.newsroom.toyota.co.jp/en/all/search.x?tag=Vision+%26+Philosophy&pagemax=20

Toyota Motor Corporations. (2020, September 2). Toyota Company. Retrieved from Toyota Motor Company: https://global.toyota/en/mobility/tnga/