Honda Analysis

Main Problem -1997 pecuniary crisis The financial crisis in 1997 has a gigantic impact on the economy especially to the social clubs including the Honda Cars. This crisis doubled the cost of imported parts and manufacture equipment. Although a abrupt annex of their materials, Honda cannont increase its price. -Competition In the Philippines there atomic number 18 around 19 car manufacturing business on the market. This competitors would drive home a great impact on Honda exchangeable red ink in market make do and profitability may decline. Objective The verifiable of this study ar: 1. To analyze and determine saucy repair of policies and strategies to overcome the financial crisis 2. To develop strategies that will wanton Honda increase its market plowshare amidst the increasing competitors Alternative Courses of Action Honda should revise and plan peeled strategies and policies that can adopt to the changes in economy like the sudden cris is. Honda could also develop products and opposite ideas that will make them preceding(prenominal) and unique against the rivals Swot Analysis Strengths -Innovation. - Market share stellar(a) in smart segment. - Strong brand equity.  -Unique products.  -Production System that is smashing over the years. - High and powerful research and development R&D.

- Best market share leadership new engine technology with the help of which Honda is gaining success day by day. - Popularity is termed as one of the best strength which results in procession for the company Weaknesses -Cost structure of Honda is high as c ompare to other locomote manufacturers  ! -Apart from Nissan & Toyota, Honda requires privileged purchase deposit Honda center on to a greater extent on international deposits as compare to domestic deposits -  polite model is consider as one of the major weakness for Honda Company - Honda products are termed as inoffensive in name of style and design - Prices for non-luxury vehicles are far high as compare to other manufacturers - In truck line,...If you want to raise up a sufficient essay, order it on our website: BestEssayCheap.com

If you want to get a full essay, visit our page: cheap essay