Key Success Factor of Toyota
Key success factors (KSFs) are those elements which persuade the potential of industry firms to boom in marketplace. On the basis of key success factors customers make a decision between the rival brands. Toyota is one of the largest global manufacturers of Vehicles. Some of the Key Success Factors of TOYOTA are given as:
Long-term planning
Instead of responding to trends, fads, and quarterly numbers, Toyota looks far down the road and tries to develop products that will resonate for a long time. The best example is the Prius hybrid—which debuted eight years ago, when a gallon of gas in the United States cost a mere $1.50, and the average car buyer cared more about cup holders than gas mileage. The iconic hybrid, of course, turned out to be a breakthrough vehicle, and Toyota sold its 1 millionth