Flexibility in determining expenditure: Controlling employee-related costs, such as health and pension costs, makes manufacturers in the developed world more competitive.
Analysis of Toyota Motor Corporation by Thembani Nkomo
- Establishment of export markets: Development of export markets helps negate any downturns in domestic markets.
- Use of most efficient work practices: Good industrial relations through a motivated workforce assist in minimizing
industrial disputes.
- Effective cost controls: A close relationship with suppliers and good distribution channels assist controlling costs.
- Access to the latest available and most efficient technology and techniques: The industry is highly competitive, so enterprises need a technology-enabled competitive edge.
- Optimum capacity utilization: Excessively high plant utilization is required for success in any modern automobile and light-duty motor vehicle manufacturing plant.