Honda Motors is the leading automobile company which spreads its operations all over the world and best known for the quality of products they make. A Honda motor follows an excellent approach in their marketing in international business by reconciling both cost and differentiation. Even though they had faced various challenges in business due to recession, they adopted excellent business strategies by improving the quality of their product and by integrating the managerial dichotomy. In this assignment their global strategies along with their policies would be discussed.
The report is divided into four parts. The first part will analyse the current situation of Honda, which gives the reader insight in the current state of Honda's business. The second part will presented different dichotomies and analyse how Honda has dealt with them in the past. In the third part, the differences between the western management model and the Japanese management will be analysed and then related to Honda’s management concept. In addition, cultural influences based on Hofstede will be presented. The last part deals with corporate social responsibility and Corporate Governance focussing on Honda, Nissan, and Chrysler.