The Consequences Of Mandatories Corporate - MyAssignmenthelp.com

Question: Discuss aboutThe Consequences Of Mandatories Corporate. Answer: Background With the increase in negative impact on the climate and environment, business organizations have focused on creating effective corporate social responsibilities and business sustainability activities throughout the time. After evaluating annual report of Toyota Motor Corporation, it is analysed that company has focused on developing ultimate eco car with aim of achieving harmony with the global environment. The prior aim of Toyota Motor Corporation is to increase the integrating sustainability and awareness of environment protection through its sustainability reporting. In the vision of Toyota Motor Corporation, after seeing the collapse of Lehman Brothers Collapse, company has implemented a business plan of implementing ultimate eco car with aim of achieving harmony with the global environment. This will help company to mitigate all of the negative impact on the society which arise due to its business functioning. The demand for the developing ultimate eco car with aim of achieving harmony with the global environment is in high demand as it will not only increase the sustainability of the environment but also crates eco-friendly society in determined approach. Aim The main purpose of this report is to highlight the sustainability of Toyota Motor Corporation business functioning. In addition to this, research paper of this study has focused on future perspective, advantage and disadvantage of business sustainability activities of business. Methodology The main methodology for preparing the research paper on sustainability of Toyota Motor Corporation is based on the article and sustainability report of company. In addition to this, annual report and corporate social activities of company has also been taken into consideration. Definition of Sustainability Ramified changes in economic environment, business sustainability has gained momentum throughout the time. The term sustainability is often defied as managing the triple bottom line. It is a process by which company manage its financial, social and environmental risks, obligation and opportunity. These three impacts on the business referred as profit, people and planet of the organization. Sustainability of Toyota Motor Corporation business functioning has been prepared by focusing on the people, integrity of the society welfare and sustained all the natural resources Bebbington, Unerman and O'Dwyer, 2014). Company: Toyota Motor Corporation business functioning Toyota Motor Corporation has international brand image. With a view to establish strong sustainable brand image, company has focused on developing environmental friendly car. Pros and Cons This eco-friendly car will allow company to create sustainable brand image. It has been considered that these developed eco-friendly cars will reduce the carbon emission. It will also leave the society pollution free in determined approach. However, the cost of the car is comparatively high as compared to its other cars offered in market. Nonetheless, company has been working to make it affordable for each and every user by reducing its profit margin and cost of manufacturing. It will increase the overall sustainability of the society and promote the environment in positive manner (Ioannou, and Serafeim, 2017). The Pros Pros 1) Toyota Motor Corporation has developed eco-Friendly car which will reduce the hazardous gas emission. 2) Reducing carbon emission on roads 3) Developing Triple Bottom line business functioning 4) Collaborative business functioning and focused on innovative and highly technical cars 5) Provide highly advance efficient cars and other vehicles. 6) Implementing positive corporate social responsibilities to increase the sustainability of scarcity of resources. The Cons There are several disadvantages and negative impact of business functioning of Toyota Motor Corporation on the environments which are given as below (Wu, Wee and Lee, 2016) Cons 1) High rise in price for the customers which becomes hard for them to buy Eco-Friendly cars. 2) These cars are having high chances of consistent breakdown and not sustainable. 3) Fuel availability and licensing problems 4) It requires high security measures and problems in cars. Future Sustainability Toyota Motor Corporation has adopted triple bottom line which will increase the overall outcomes and integration of its advanced cars with the clients expectation. Nonetheless, these developed advanced cars offered by Toyota Motor Corporation in market will surely reduce the carbon emission and keep the environment safe and secure. There are several sustainable futures prospective which have been taken into consideration by Toyota Motor Corporation in its value chain activities (Montabon, Pagell and Wu, 2016). Advancement of its eco-friendly cars and mitigating all the possible issues in its offered cars. Installation of its electronic power supply system in its all cars. Developing hydrogen station as an essential infrastructure for its customers. Focusing on clients security and installing advance security system in each and every car segments (Epstein and Buhovac, 2014). Market Share Toyota Motor Corporation has expanded its business on international level. The total average revenue of company has increased by 22% since last five years. In addition to this, company has developed core competency in developing eco-friendly advanced cars in market. With the increase in its brand position in clients mind on international level, it is evaluated that company has been grasping good market share on domestic and international level. It is evaluated that company has market share range between 2.61 and 4.61 in UK market share (Simmonds, and Bhattacherjee, 2014). Comparison of Toyota Motor Corporation with competitors There are several rivals who have developed core competency in its business functioning either related to advanced technologies and managing their business sustainable in determined approach. However, by analysing the annual sales and profit return of these companies, it is found that company has maintained strong first position with the annual unit sales of 29717. Rank Carmakers Units sales in years Market share First Toyota 29717 33.7% Second Mitsubishi 12217 14.4% Third Honda 10550 12.00% Fourth Isuzu 9257 10.5% Fifth Nissan 9038 10.3% (Ihlen, and Roper, 2016). Authentic News According to a World Health Organization (WHO) survey, Toyota Motor Corporation has focused on educating people worldwide all the traffic rules and regulations to reduce the accidents. Another initiative is arranged for the safe mobility society on international level (Otani, and Yamada, 2017). Conclusion Toyota Motor Corporation has focused to create value in its business by developing eco-friendly cars. In addition to this, company has also installed cyber computing system in its business with a view to manufacture advanced cars and eco-friendly system in business. The sustainability report of company has shown that company has focused on triple bottom line in its business and operate its business for the betterment of the society and environment at large. Recommendations After evaluating the mass information of Toyota Motor Corporation and its annual report, it could be inferred that company should focus on adding these several things in its business functioning (Tognetti, Grosse-Ruyken and Wagner, 2015). Recommendations 1) It should focus on installing new cyber computing enterprises resources planning in its business to increase the overall outcomes of the organization. 2) To integrate with the advanced technologies and developing ultimate eco car with aim of achieving harmony with the global environment 3) It should focus on expanding its business in other market to create synergy in its manufacturing activities. 4) Developing customer resolving portal through its cyber system to increase the overall outcomes. References Bebbington, J., Unerman, J. and O'Dwyer, B. eds., 2014.Sustainability accounting and accountability. Routledg Ioannou, I. and Serafeim, G., 2017. The consequences of mandatory corporate sustainability reporting. Epstein, M.J. and Buhovac, A.R., 2014.Making sustainability work: Best practices in managing and measuring corporate social, environmental, and economic impacts. Berrett-Koehler Publishers. Ihlen, . and Roper, J., 2016. Corporate reports on sustainability and sustainable development:We have arrived.Sustainable development,22(1), pp.42-51 Montabon, F., Pagell, M. and Wu, Z., 2016. Making sustainability sustainable.Journal of Supply Chain Management,52(2), pp.11-27. Otani, S. and Yamada, S., 2017. An analysis of automobile companies intensity targets for CO2 reduction: implications for managing performance related to carbon dioxide emissions.Total Quality Management Business Excellence, pp.1-20. Simmonds, D. and Bhattacherjee, A., 2014. Green IT adoption and sustainable value creation. Tognetti, A., Grosse-Ruyken, P.T. and Wagner, S.M., 2015. Green supply chain network optimization and the trade-off between environmental and economic objectives.International Journal of Production Economics,170, pp.385-392. Wu, S., Wee, H.M. and Lee, S.B., 2016. Technical innovation vs. sustainabilityA case study from the Taiwanese automobile industry.Transportation Research Part D: Transport and Environment,48, pp.20-30.