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Strategic Audit Laura Beatty Terry Bridges Susannah Fletcher Emily Moss.

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Presentation on theme: "Strategic Audit Laura Beatty Terry Bridges Susannah Fletcher Emily Moss."— Presentation transcript:

1 Strategic Audit Laura Beatty Terry Bridges Susannah Fletcher Emily Moss

2 Agenda Industry Overview Background of Toyota  Current Issues/Recalls  Business Model  Financial Analysis Recommendations Implementation Process

3 Automotive Industry Industry OverviewToyota BackgroundRecommendationsImplementation

4 Current Issues & Recalls Industry OverviewToyota BackgroundRecommendationsImplementation

5 Business Model Industry OverviewToyota BackgroundRecommendationsImplementation

6 Financial Analysis Industry OverviewToyota BackgroundRecommendationsImplementation Toyota Honda General Motors Daimler Chrysler Ford S&P 500

7 Hire PR Company DB Media Strategies, Inc. Industry OverviewToyota BackgroundRecommendationsImplementation Areas to Address:  Humble apology  Combat inaccurate information  Project message to larger audience Cost:  Minimum of $5,000 per month  Dependent on company’s budget and needs Specialization Areas:  Media Training  Media Management  Speech, Editorial, & Presentation Training  Public Relations  Strategic Communications  Crisis Communication 4 Main Attributes:  Straight Talk  Honesty  Collaboration  Provide good work at good price

8 Incentive Program Industry OverviewToyota BackgroundRecommendationsImplementation Current Practices Extend Warranty o Basic 60 month/60,000 miles o Powertrain 60 month/100,000 miles Free cleaning & detailing o Unified effort among all dealers o More satisfaction Cash rebate o More incentive to stay o $4,500.00

9 Timeline & Cost TimeActionCost Month 1 Draw up plans for extended warranty Plan for cleaning Plan for cash rebates Month 3 Advertise all new incentives on Toyota’s website Send out letters to all recalled vehicle owners Month 6 Implement warranty to all recalled vehicles Start rebates for all recalled Toyota owners Start washing and detailing $4,500.00 per vehicle $8.00 per vehicle Month 9 Evaluate customer reactions Monitor blogs, press, consumer reports, & ratings 1 Year Make necessary changes Industry OverviewToyota BackgroundRecommendationsImplementation

10 Questions & Comments

11 References (2010). 2010 Prius. Retrieved Apr. 26, 2010, from Toyota Motor Sales, U.S.A., Inc. Web site: http://www.toyota.com/recall/abs.html. (2010). Capabilities. Retrieved Apr. 20, 2010, from DB Media Strategies Inc., 275 Grove St. Suite 2-400 Newton, Ma 02466. Web site: http://www.dbmediastrategies.com/dbm/Capabilities.html. (2010). Doug Bailey. Retrieved Apr. 19, 2010, from DB Media Strategies Inc., 275 Grove St. Suite 2-400 Newton, Ma 02466. Web site: http://www.dbmediastrategies.com/dbm/About.html. (2010). Floor Mat Recall. Retrieved Apr. 20, 2010, from Toyota Motor Sales, U.S.A., Inc.. Web site: http://www.toyota.com/recall/floormat.html. (2010). Our Clients. Retrieved Apr. 20, 2010, from DB Media Strategies Inc., 275 Grove St. Suite 2-400 Newton, Ma 02466. Web site: http://www.dbmediastrategies.com/dbm/Clients.html. (2010). Our M.O. Retrieved Apr. 19, 2010, from DB Media Strategies Inc., 275 Grove St. Suite 2- 400 Newton, Ma 02466. Web site: http://www.dbmediastrategies.com/dbm/M.O..html. (2010). Pedal Recall. Retrieved Apr. 20, 2010, from Toyota Motor Sales, U.S.A., Inc.. Web site: http://www.toyota.com/recall/pedal.html. (2010). 2010 Vehicle Dependability Study Results. Retrieved Apr. 27, 2010, from JD Power and Associates, Westlake Village, CA. Web site: http://www.jdpower.com/autos/articles/2010-Vehicle-Dependability-Study-Results. http://www.jdpower.com/autos/articles/2010- (2010). Automoblies and Trucks Overview. Retrieved Apr. 22, 2010, from Plunkett Research, Ltd., Houston, Texas. Web site: http://www.plunkettresearch.com/Industries/AutomobilesTrucks/AutomobileTrends/tabid/89 http://www.plunkettresearch.com/Industries/AutomobilesTrucks/AutomobileTrends/tabid/89 (2010). The Industry Handbook: Automobiles. Retrieved Apr. 22, 2010, from Investopedia ULC, Edmonton, Alberta, Canada. Web site: http://www.investopedia.com/features/industryhandbook/automobile.asp. http://www.investopedia.com/features/industryhandbook/automobile.asp

12 (2010). Toyota Motor Corporation TM. Retrieved Apr. 28, 2010, from Morningstar. Web site: http://library.morningstar.com/Quote/Quote.html?country=USA&ticker=tm&TimeFrame=. Business Reference Services. (2009). Modern Global Automobile Industry. Retrieved Mar. 25, 2010, from BERA. Web site: http://www.loc.gov/rr/business/BERA/issue2/industry.html. Forbes.com LLC™. (2010). Akio Toyoda. Retrieved Apr. 19, 2010, from Forbes. Web site: http://people.forbes.com/profile/akio-toyoda/80520. Jones, J. M. (2010). Americans, Toyota Owners Still Confident in Toyota Vehicles.Retrieved Apr. 27, 2010, from Gallup, Washington DC. Web site: http://www.gallup.com/poll/126236/Americans-Toyota-Owners-Confident-Toyota- Vehicles.aspx. http://www.gallup.com/poll/126236/Americans-Toyota-Owners-Confident-Toyota- Levy, E. (2009). Autos & Auto Parts. Retrieved Apr. 22, 2010, from Standard & Poor’s Industry Surveys, New York, NY. Web site: http://www.netadvantage.standardandpoors.com.www.lib.ncsu.edu:2048/NASApp/NetAdv antage/showIndustrySurvey.do?code=aup. http://www.netadvantage.standardandpoors.com.www.lib.ncsu.edu:2048/NASApp/NetAdv Levy, E. (2010). Sub-Industry Review : Automobile Manufacturers. Retrieved Apr. 22, 2010, from Standard & Poor’s Industry Surveys, New York, NY. Web site: http://www.netadvantage.standardandpoors.com.www.lib.ncsu.edu:2048/NASApp/NetAdv antage/showSubIndustryReview.do?subindcode=25102010. http://www.netadvantage.standardandpoors.com.www.lib.ncsu.edu:2048/NASApp/NetAdv Robert, M. (2010). US Market for Toyota Automobiles. Retrieved Mar. 29, 2010, from Go Articles, Canada. Web site: http://www.goarticles.com/cgi-bin/showa.cgi?C=2536026.http://www.goarticles.com/cgi-bin/showa.cgi?C=2536026 Smith, S. E. (2010). What Is GDP? Retrieved Mar. 29, 2010, from Wise Geek, Phoenix. Web site: http://www.wisegeek.com/what-is-gdp.htm. Toyota. (2010). 50 Years in the U.S. Retrieved Mar. 30, 2010, from Toyota, USA. Web site: http://www.toyota.com/about/our_business/our_history/timeline.html. Toyota. (2010). From 1957 to the 21st Century Toyota Moving Forward with America. Retrieved Mar. 30, 2010, from Toyota, USA. Web site: http://www.toyota.com/about/our_business/our_history/. http://www.toyota.com/about/our_business/our_history/ References


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