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Jessica Chew Matthew Dupree Shelby Westbrook Chrissy Zirpolo

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Presentation on theme: "Jessica Chew Matthew Dupree Shelby Westbrook Chrissy Zirpolo"— Presentation transcript:

1 Jessica Chew Matthew Dupree Shelby Westbrook Chrissy Zirpolo

2 Overview Introduction External and Internal Environment Analysis
Recommendations Public Apology Pre-paid Service Plan Crisis Management Program Conclusion Questions and Comments

3 Introduction Toyota officially established its automobile department in 1933. Biggest market in Japan Emphasis on positive experiences Owns and operates other lines Initiative to become more ‘green’ In 2008, sales topped $1 million In the US, expected to see continued sales expansion and production capacity

4 Fierce rivalries and competition Maintained market standing
Environment External Internal Fierce rivalries and competition Maintained market standing Extensive feature options 2010 recall issue; accelerator and brakes New payment plans to entice buyers Value customers’ opinions; seek feedback

5 Public Apology Apologized for recall issue, not for losing customer trust/confidence Commercials and Online Streaming FOX, NBC, CBS, ABC Cost ranges from approx. $320,000-$660,000 Public apology on Toyota website NBA Finals

6 Pre-paid Service Plan Time Period Services Included Cost
1-year or 14,000 miles Services Included Service at predetermined intervals 24-Hour roadside assistance Prepaid maintenance booklet Timed service reminders Computerized service history Monthly break check/ servicing Cost $340 per car $1.8 billion total

7 Crisis Management Program
Timeliness Respond to the issue before the media can sway consumers against you. Have a Single Voice for the company Avoid Contradictory statements Take Responsibility Don’t deny that something is wrong and tell consumers that you are further investigating the issue Resolve the Problem Whether a recall is needed or it was just a single incidence let the public know about Create a Crisis Management Team Team will be international Answer questions about possible problems with parts and what should be done

8 Questions? Comments


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