Tuesday, May 5, 2009

Toyota Motors Co.

Company Overview:

Toyota has grown to a large multinational corporation from where it started and expanded to different worldwide markets and countries. It displaced GM and became the world's largest automaker for the year 2008. It held the title of the most profitable automaker ($11 billion in 2006) along with increasing sales in, among other countries, the United States. The world headquarters of Toyota are located in its home country in Toyota, Aichi, Japan. Its subsidiary, Toyota Financial Servicessells financing and participates in other lines of business. Toyota brands include Scion and Lexus and the corporation is part of the Toyota Group.

Job and Career Path:

Manager Risk - Contract Acquisition Project

This is a financial position within the company. The functions of this include project management, risk analysis, and development and implementation of credit management concerning contracts.

With proper education (MBA) and a good work ethic, it is possible to progress to the following

Controller (Different levels before you reach Corporate Controller; Asst. etc.)

CFO

Company Strategies and Organization:

During the almost 50 years since we first began exports, Toyota vehicles have found their way to over 170 countries and regions throughout the world. Toyota motors senior managing director has stated that, "Currently there are 52 bases in 27 different countries and regions. In addition, there are design and R&D bases in seven locations overseas, showing that “from development and design to production, sales and service, Toyota has now achieved consistent globalization as well as localization.” Toyota believes in building vehicles where they sell them. This commitment helps drive job growth and economic development wherever the company operates across the globe.

Countries in Which they Operate and Approach to Staffing:

Toyota has a strong mentality to build cars in the same location as they intend to sell them. This shows their dedication to strengthen economies and communities in which they operate. To do this, they have to continue building factories in various countries. This explains their operations in over 170 countries since 1957. They have also expanded their research and development efforts to 54 bases through 27 countries.