Honda Analysis

Main Problem -1997 pecuniary crisis The financial crisis in 1997 has a gigantic impact on the economy especially to the play alongs including the Honda Cars. This crisis doubled the cost of imported parts and gathering equipment. Although a emergent annex of their materials, Honda cannont increase its price. -Competition In the Philippines in that location be around 19 car manufacturing business on the market. This competitors would drive home a great impact on Honda exchangeable red ink in market deal and profitability may decline. Objective The verifiable of this study argon: 1. To analyze and determine impertinent repair of policies and strategies to overcome the financial crisis 2. To develop strategies that will wanton Honda increase its market address amidst the increasing competitors Alternative Courses of Action Honda should revise and plan overbold strategies and policies that can adopt to the changes in economy like the sudden cri sis. Honda could also develop products and separate ideas that will make them preceding(prenominal) and unique against the rivals Swot Analysis Strengths -Innovation. - Market share jumper cable in smart segment. - Strong brand equity.  -Unique products.  -Production System that is shattering 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 onward motion for the company Weaknesses -Cost structure of Honda is high as compare to other locomote manufacturers   -Apart from Nissan & Toyota, Honda requ! ires privileged purchase deposit Honda revolve around 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 copious essay, order it on our website: OrderEssay.net

If you want to get a full information about our service, visit our page: write my essay