Foundation For Toyota Best Automobile Brand -Myassignmenthelp.Com

Question: Discuss About The Foundation For Toyota Best Automobile Brand? Answer: Introduction As the number of businesses increases globally, so is competition in every sector thus making research a fundamental requirement every business must conduct so as to retain its market position. The automobile industry has been at the forefront of this initiative due to the increasing competition as well as pressure from social, political and environmental fronts. This has resulted in Automobile companies needing to adopt major reforms aimed at addressing the concerns but these have only been possible through the application of in-depth research (Wickham, 2016). For this analysis, the company Toyota shall be analysed to determine research strategies applied by the company with regard to addressing social, political and environmental concerns raised in recent years. While the pressure has been intense on most automobile companies, Toyota has demonstrated the most adaptability with regard to adopting the changes thus making it the most suitable research subject to be used in this analysis. Toyota has been in operation since 1956 and grown to be among the largest automobile companies globally thus placing it at the forefront of addressing social corporate initializes (Chambers, 2018). The company has also experienced several scandals in the past which have highlighted the companys reputation which further makes the company attractive to perform an applied research study to determine important approaches adopted by the company to address the social, political and environmental pressures experienced by the company References: Wickham, H. (2016). ggplot2: elegant graphics for data analysis. Springer. Chambers, J. M. (2018).Graphical methods for data analysis. CRC Press.