Wednesday, May 6, 2020
Toyota Case Analysis Free Essays
IDENTIFICATION According to our analysis, Toyota is lacking corporate identity in its host country. Toyota is experiencing difficulty bridging the gap between its Japanese collectivist culture and the individualist culture of the United States in regards to its marketing strategy. ANALYSIS Toyotaââ¬â¢s key challenge is the fact that it is lacking an overall image in the minds of its consumers. We will write a custom essay sample on Toyota Case Analysis or any similar topic only for you Order Now Their consumers see them as a product rather than a company. For instance, the CEO has concluded, ââ¬Å"no one knows who Toyota is, that it is a faceless organization and doesnââ¬â¢t have a human element in the eyes of the consumer. This shows that its corporate identity is not currently designed to reflect the companyââ¬â¢s leading position in terms of technology and image. Toyotaââ¬â¢s second obstacle involves developing this corporate identity without diverting from its Japanese collectivist culture. This culture encourages conformity and group cohesion, while it discourages individually standing out; rather they are more uniform and homogeneous in nature. As such, defining your authentic self and broadcasting it tends to put the Japanese at risk of being separate from, rather than part of the group, which is where the challenge lies. The CEO wants its entire company, the ââ¬Å"heroes,â⬠to represent the ââ¬Å"faceâ⬠of the company, not just one single person serving as a representative, as the American individualist culture would. However, the consumers Toyota wants to target in its host country practice individualism, while Toyota is using strategies from its collectivist culture. In turn this causes a conflict in the marketing strategy. RECOMMENDATION The following action steps will address the lack of corporate identity that Toyota is facing while keeping the collective Japanese culture within the company: 1. Hire a marketing team with knowledge of cross cultures between Japan and the United States. This team will research and identify the target audience, help to identify the final theme, develop the budget according to media outlets and scheduling, and finally, execute the improved marketing plan (Advertising Campaigns ââ¬â Meaning and its Process). 2. The marketing campaign will focus on developing the ââ¬Å"heroesâ⬠of the ââ¬Å"Toyota Wayâ⬠as a marketing investment. Toyota is a collective company and so this campaign will brand the company as a whole without becoming individualistic like the culture of the United States. In developing this campaign Toyota will need to put their ââ¬Å"heroesâ⬠out front over and over again. An example of changing ââ¬Å"facesâ⬠as Toyota is planning can be seen with Chryslers Dodge Ram. Chrysler has been changing their image from being hard nose and tough to family and military friendly (Snavely, 2013). 3. The marketing team will determine a time line for the change in image. With the initiation of the time line, there should be six months to develop and begin running the campaign. Toyota will run the campaign for a minimum of one year with a more realistic time frame of three years. If you look at Chrysler, they have been running the campaign to change their image for two years and are still running. Chrysler has made a huge leap with the recent ââ¬Å"Farmerâ⬠ad moving them to the softer side of their image (Scullio, 2013). Works Cited Advertising Campaigns ââ¬â Meaning and its Process. n. d. February 2013. . Snavely, Brent. ââ¬Å"Fresh Marketing Eyes. â⬠Winnipeg Free Press: A. 1. 2013. Print. Sciullo, Maria. ââ¬Å"Super Bowl Ad Glorifying Farmers a Hit. â⬠McClatchy ââ¬â Tribune Business NewsFeb 05 2013. ABI/INFORM Complete. Web. 26 Feb. 2013 . How to cite Toyota Case Analysis, Papers
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