Nissan is one of the most popular automobile brand names having a high global reach 2. Production output capacity can manufacture around 4 million units 4. Nissan is a pioneer in the electric car segment having its global presence 5.
Toyota considers employees as its most significant stakeholders. This stakeholder group aims for job security, career development and fair employment practices. The interests of this stakeholder group are high quality automobiles and service, along with reasonable pricing.
Toyota addresses these interests through rapid innovation based on The Toyota Way and the Toyota Production System TPSwhich aim to maximize efficiency, quality and innovation.
Toyota considers investors as another major stakeholder group. These stakeholders are interested in business profitability. Toyota addresses these interests through emphasis on global business strength.
The company experienced a decline because of the recession in the late s and massive product recalls that started in due to safety issues like the sticking pedal problem.
However, following its reorganization inToyota now highlights improved business resilience as a priority over rapid expansion.
Toyota has corporate social responsibility strategies targeting environmental goals. The main interests regarding the environment as a stakeholder include business sustainability and environmental conservation.
Through this corporate social responsibility program, the firm donates automobiles and funds for environmental conservation. In addition, the Toyota TogetherGreen program supports a network of environmental advocates and initiatives throughout the United States.
As stakeholders, communities are interested in their socioeconomic development. For example, the company has education outreach programs to promote literacy.
Moreover, Toyota works with other organizations like the American Red Cross to support community development. The company has a comprehensive CSR approach that addresses all of its stakeholder groups.
Even with major challenges linked to the global recession and product recalls due to safety concerns, Toyota has taken the necessary steps to ensure that the organization is on the right track in maintaining its successful efforts to satisfy stakeholders for high corporate social responsibility performance.
The role of strategic conversations with stakeholders in the formation of corporate social responsibility strategy. How can corporate social responsibility activities create value for stakeholders?
Toyota Motor Corporation Corporate social responsibility and the identification of stakeholders. Corporate Social Responsibility and Environmental Management,10 3PEST analysis also can uses to compensated limitation of porter's analysis.
PEST analysis is described macro environment such as political, economic, social and technological. PEST analysis is strategy tool for understanding markets growth or decline and potential and direction for operations.
Similar analysis has also been done for the competitors of the company belonging to the same category, sector or industry. Advertisements Browse marketing analysis of . (BusinessDictionary, ) PEST analysis PEST will be the type of situation analysis in political, economic, socio-cultural and technological factors are investigate to chart of .
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