Toyota

Today I am going to write about a strategy for Toyota as they have problems.

My strategy is :

1)Reduce production, stock falls,the market has over capacity by reducing production cost(labour. materials) are reduced. This is a mind map showing stock control .

2)Create a new hybrid. Electric + petrol.

3) Ask the government for subsidies, this would improve cash flow and reduce costs of investment.

4)New market

5) New product: Flying car, boats.

6)Close plants e.g truck company.

7)Establish the emergency profit improvement committee to seek ways of reducing waste.

8)Cut managers bonuses.

9)Reduce work force

10) Reduce pay

11)Reduce hours

12)Sell all or part of the company

13)Drop price

14)Use the Toyota brand to make other products