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丰田公司国际化发展战略(英文论文)

丰田公司国际化发展战略(英文论文)
丰田公司国际化发展战略(英文论文)

International business

Table of content

1.0 Introduction (2)

1a Brief introduction of Toyota (2)

1b Toyota’s business in terms of products and markets (2)

2.0 The reasons why Toyota internationalizes its business (2)

3.0 International product lifecycle to explain the internationalization process of Toyota (3)

4.0 Key environmental factors faced by Toyota (4)

4a Environmental factors faced by Toyota in Singapore (4)

4b Foreign currency risk faced by Toyota (5)

5.0 Social-culture factors (5)

5a Hall’s high and low context culture (5)

5b Context culture of Singapore (6)

6.0 Market entry strategy (6)

6a Five market entry strategy (6)

Exporting (6)

Franchising (6)

Licensing (7)

Management contract (7)

Joint ventures (7)

6b The market entry strategy used by Toyota in Singapore (8)

7.0 International staffing strategy of Toyota (8)

8.0 Standardized and customized international marketing (8)

8a The differences between standardized and customized international marketing (8)

8b Reasons why Toyota uses customized strategy in Singapore (9)

9.0 Conclusion (10)

Reference (11)

1.0 Introduction

1a Brief introduction of Toyota

Toyota was created in 1933 and now has developed as i one of the top ten auto companies in the world (Muffatto, 1998). In its development process, Toyota has achieved huge success. On May 8, 2013, the company issued its financial result, which shows that its net revenues was 216 billion U.S. dollars (ref: https://www.doczj.com/doc/969857792.html,/statistics/262752/total-net-revenues-of-toyota/). Until 2014, its net revenues was increased to 249 billion U.S. dollars (ref: Toyota 2014 annual report).

1b Toyota’s business in terms of products and markets

Toyota produces and supplies high quality auto and other relevant products to target customers under five brands, which respectively are Toyota brand, Hino, Lexus, Ranz, and Scion. Currently, the company has produced some excellent automotive products, such as CROWN, REIZ, PRIUS, COROLLA, COROLLA, VIOS and LAND CRUISER and so on. to achieve further success, Toyota continues to expand its business into different countries and regions excluding Japan. In its international expansion process, the size of the company has been expanded. Until now, the company has 52 manufacturing companies in 170 states. To some extent, its success benefits from its effective international expansion strategy.

2.0 The reasons why Toyota internationalizes its business

There are some reasons why Toyota internationalizes its business. The first reason is to seek for more market opportunities and achieve further development and success. To some extent, international markets provides more opportunities for enterprises to sell their products and services (Robles, 1994). For example, to obtain more market opportunities, Toyota is expanding its business into developing countries such China and India etc. The international expansion can help Toyota to achieve a growth potentiality.

The second reason is to maintain higher competitive advantages. As more and more automotive enterprises enter automotive industry, the competition in automotive industry is

becoming more and more intense (Zapata & Nieuwenhuis, 2010). Under this condition, Toyota has to expand its business into different international markets in order to obtain and maintain its competitive advantages in the competitive industry.

The third reason is to occupy more market shares in different international markets. The international expansion of enterprises enables the enterprises to successfully sell its products in different markets, win more loyal customers and then occupy more market shares (Hohenthal et al, 2003). Thus, Toyota internationalizes its business with the purpose of occupying more market shares in different international markets.

3.0 International product lifecycle to explain the internationalization process of Toyota The theory of international product lifecycle was proposed by R. G. Vemon in 1968. The theory of international product lifecycle suggest internationalization process should well consider production lifecycle (Hashimoto, 2003). According to the theory of international product lifecycle is divided into four stages, which respectively are introduction, growth, maturity as well as decline (figure 1). In the stage of introduction, products are innovative and unique because there are not same products provided by other firms. Under this condition, firms will own monopolistic advantage in a certain market. At the stage of growth, products are often sold in domestic market and sometimes are exported into other international markets. For example, Toyota not only sells its products in domestic market, but also expose its products into America and the euro area. When the products come to the stage of maturity, industrial competition in domestic market will be more and more intense as more and more enterprises provide same products in the domestic market (Qin and Nembhard, 2012). Under this condition, enterprises have to develop foreign markets and continue to conduct international expansion in order to occupy more market share and maintain competitive advantage in a very competitive industry. For example, Toyota exposes its products into Singapore in order to occupy more market share in Singapore e market. Since the competition in the automotive industry is becoming more and more intense, thus, Toyota has to internationalize its business in order to occupy more market shares in different international markets and obtain higher competitive advantages in the competitive industry.

Figure 1: Stages of product life cycle

4.0 Key environmental factors faced by Toyota

4a Environmental factors faced by Toyota in Singapore

Currently, the company has operated its business in the Singapore market. When operating its business in Singapore, there are some environmental factors that creates good development opportunity for the company. Political environment is first reason. Over the past decade, the political environment in Singapore is relatively stable (Sim et al, 2003). In this case, Toyota can obtain a good development environment for its business development in Singapore. Besides that, to attract foreign investments, Singapore also has implemented a series of preferential policies for foreign companies (Anwar, 2008). Under this condition, the company can obtain a good development due to good political environment in Singapore. In addition, economic environment in Singapore also creates good condition for the development of Toyota. In recent years, Singapore’s economy has been rapidly development and people’s living standards and income level have been significantly improved. Currently, more and more Singaporeans can afford cars and have strong desire for buying cars. Undoubtedly, good economic environment in Singapore also provides a good opportunity for Toyota to sell its automotive products.

4b Foreign currency risk faced by Toyota

When enterprises operates its business in Singapore, the enterprise have to conduct the translation of funds (Lee & Jang, 2010). However, it should be noticed that the translation of funds will be different at different time due to the fluctuation of exchange rates (Millman, 1990). As a result, enterprise involved in international trade often will face some uncertainties and risks. Currently, Toyota operates its business in Singapore. Under this condition, Toyota often will face translation and transaction risks in Singapore when the company translates its funds. To some extent, the foreign currency risk often will lead a certain international enterprise to experience a huge loss. For this, Toyota should conduct effective management of the foreign currency risk in Singapore. To effective manage foreign currency risk in a Singapore, it is strongly recommended that Toyota must keep an eye on the fluctuation of exchange rates in Singapore. Only then can Toyota effectively prevent huge financial loss caused by the foreign currency risk.

5.0 Social-culture factors

5a Hall’s high and lo w context culture

Culture also is an important environmental factors that will impact on internationalization process of an enterprises. According to Muzychenko (2008), cultural differences have major impacts on business operation. Thus, Toyota should well understand cultural differences in its international expansion. According to Hall (1966), national cultures can be divided into high-context and low-context. According to Hall’s high/low context, people in high-context culture often will prefer to communicate or be communicated with a euphemistic way, while people in low-context culture prefer to communicate straightforward and heavily depend on words and message itself (Hall, 1966). For this, Toyota should communicate relevant messages with customers in different cultural contexts. For example, since Singapore is a country with high-context, thus, Toyota should communicate messages with a euphemistic way. By doing so, the company can effectively communicate some messages with an efficient and effective way.

5b Context culture of Singapore

Since people in different cultural contexts have different languages, attitudes and values, therefore, Toyota should choose different communication ways in different countries. Currently, Toyota operates its business in Singapore, which is a country with a high cultural context. As it mentioned above, people in a low-context culture are more likely to prefer to communicate or be communicated with a euphemistic way rather than a straightforward way. Therefore, Toyota should communicate messages with a euphemistic way

6.0 Market entry strategy

6a Five market entry strategy

When a certain enterprise wants to enter foreign markets, it is vital for select effective market entry strategies. According to Martorell et al (2013), market entry strategy refers to planned approaches that a certain enterprise uses to deliver goods and/or services to a foreign market and then distribute them there. There are some common market entry strategies that are widely used by multinational enterprises to enter into a certain target market. The market entry strategies respectively are exporting, franchising, licensing, management contract, as well as joint ventures.

Exporting

Exporting refers to multinational enterprises enter a target foreign market by exporting their products to the target foreign market (Love & Mansury, 2009). For example, exporting is used by Apple Company as its market entry strategy. To successfully enter a certain target market, Apple Company will enter the target market by exporting their products to the target foreign market. Thus, exporting is a commonly used strategy that is used by modern multinational enterprise to enter a certain foreign market (Fabling & Sanderson, 2013). Franchising

Franchising refers to a brand enterprise grants the rights to franchisor to market some goods and/or services produced by the brand enterprise within a specific country or region (Hoy & Stanworth, 2003). Currently, many famous brand enterprises often will enter a target foreign market by using the method of franchising (Sherman, 2004). Take McDonalds as an example,

the company enter Chinese market by using the method of franchising. Depend on such market entry strategy, McDonalds has successfully entered Chinese market. Thus, franchising also is a market entry strategy.

Licensing

According to Sherman, (2004), licensing is a market entry mode in which a multinational enterprise grants other business entities to use the multinational enterprise’s intellectual property rights such as brand name, trademarks, technology etc. Take Microsoft as an example, the company enter foreign markets such as China and France by using the method of licensing. The company grants computer manufactures around the world a license in order to enter foreign markets. the licensing also is a commonly used market entry strategy that is widely used by modern enterprise to enter a target market successfully.

Management contract

Management contract is the entry into foreign markets by signing contract arrangement and transferring intangible assets or some technologies to other business entities in the target market in return for a fee (McDonald et al, 2002). For example, Qantas enter other foreign markets by using the method of the management contract. In many case, the Qantas often will transfer its technology to other companies in the target markets through contract arrangements in order to enter a foreign market. Thus, management contract also is a market entry strategy used by modern enterprises to enter a target market.

Joint ventures

Joint venture refers to the entry into foreign markets by establishing a contractual agreement joining together two or more business entities in order to develop and sell some products in a target market (Bontempi & Prodi, 2009). For example, Dongfeng Motor Co is China's largest auto joint venture that was created by DongFeng Automobile Company and Nissan Motor Company in 2003. Depending on the joint venture, the Nissan Motor Company successfully enter Chinese automotive market. Thus, the joint venture also is a market entry strategy.

6b The market entry strategy used by Toyota in Singapore

In the international expansion process, Toyota actively enters Singapore market by using some effective market entry strategies. Here below are two market entry strategies that are used by Toyota to enter Singapore market. The first market entry strategy used by the company is exporting. The company actively export its products to Singapore market and then sell there. For example, Toyota often exports different types of cars to Singapore. Depending on the exporting strategy, Toyota has successfully entered Singapore market. Therefore, the exporting is a market entry strategy used by Toyota in Singapore. Another market entry strategy is joint venture. For example, Toyota actively seek for some excellent partners in Singapore to establish joint venture in order to enter Singapore market. By using the method of the joint venture, Toyota has successful entered Singapore market. Toyota and Guangzhou Toyota are joint ventures in Singapore. Thus, the joint venture also is a market entry strategy used by Toyota in Singapore.

7.0 International staffing strategy of Toyota

In the internationalization process, Toyota uses internationalization of talents and use of local talents in the host country as its international staffing strategies. On the one hand, the company recruits and use foreign talents to manage its business in the host country. For example, Toyota has recruited and used a large pool of talent from Singapore to manage its business in Singapore. On the other hand, Toyota also uses localization strategy to recruit its general employees. For example, when Toyota operates its business in Singapore, the company continues to recruit local employees to service it. To some extent, the international staffing strategies of Toyota contribute to its success in Singapore.

8.0 Standardized and customized international marketing

8a The differences between standardized and customized international marketing

In enterprises’ international expansion process, standardized and customized international marketing are two typical marketing strategies that are used multinational enterprises (Bharadwaj et al, 2009). There are some differences between the standardized and customized international marketing.

The first difference between these two strategy is that standardized international marketing an undifferentiated marketing strategy to produce and supply products and/or services, and customer international marketing is to produces and market some differentiated products and/or services. For example, Apple Company markets I-phone4s by using standardized international marketing, Samsung markets different products according to the different demands of different customers in different countries.

The second difference could be embodied in productive way and standard. The productive way/standard of the standardized international marketing is large-scale/ undifferentiated, while the productive way/standard of the customized international marketing is batch/quantitative production. For example, KFC uses standardized international marketing as its strategy, clothing enterprises markets its products by using customized international marketing as the clothing enterprises produce clothing products by using the way of quantitative production.

The final difference between these two international marketing is that the standardized international marketing does not care differentiation of products and/or services, while the customized international marketing highly emphasizes differentiation. For example, rail companies provide same products and services to customers, while consulting companies provides different services to different customers according to their needs.

8b Reasons why Toyota uses customized strategy in Singapore

There are some reasons that can be used to explain the reasons why the company implements customized strategy Singapore. On the one hand, different people have different demands for cars. Under this condition, Toyota has to provide differentiated products to different customers in Singapore. For example, rich men like to purchase Toyota’s luxury models, people from middle class often will purchase the most practical car. Thus, Toyota uses customized strategy in Singapor. On the other hand, customers are pursuing personalized products and/or services. In face of such consumer trend, Toyota uses customized strategy in Singapore. For example, Toyota produces and markets different types of cars in Singapore market in order to meet different customers’ different demands.

9.0 Conclusion

In this report, it introduces the company and the reasons why Toyota internationalizes its business. In addition, this report also uses the theory of international product lifecycle to explain the internationalization process of Toyota and identifies some key environmental factors and foreign currency risk faced by Toyota in Singapore. And then, cultural context of Singapore also is discussed by using Hall’s low and high context cultures. And then, this report also discusses two international staffing strategy used by Toyota in Singapore. Furthermore, this report also explains five market entry strategies, including exporting, franchising, licensing, management contract, and joint ventures and identifies that exporting and joint ventures are two market entry strategies used by Toyota. Finally, this report also discusses the differences between standardized and customized international marketing and explains the reasons why the company implements the customized international marketing in Singapore

Reference

Anwar, S (2008). Foreign investment, human capital and manufacturing sector growth in Singapore. Journal of Policy Modeling, 30 (3), Pages 447-453

Bontempi, M & Prodi, G (2009). Entry strategies into China: The choice between Joint Ventures and Wholly Foreign-Owned Enterprises: An application to the Italian manufacturing sector. International Review of Economics & Finance, 18 (1), Pages 11-19

Bharadwaj, N & Naylor, R & Hofstede, F (2009). Consumer response to and choice of customized versus standardized systems. International Journal of Research in Marketing, 26 (3), Pages 216-227

Fabling, R & Sanderson, L (2013). Exporting and firm performance: Market entry, investment and expansion. Journal of International Economics, 89 (2), Pages 422-431

Hoy, F. and Stanworth, J., (2003). Franchising: an international perspective. Routledge. Hashimoto, K (2003). Product life cycle theory: a quantitative application for casino courses in higher education. International Journal of Hospitality Management,22 (2), 177-195.

Hohenthal, J & Johanson, J & Johanson, M (2003). Market discovery and the international expansion of the firm. International Business Review, 12 (6), Pages 659-672 Hashimoto, K (2003). Product life cycle theory: a quantitative application for casino courses in higher education. International Journal of Hospitality Management,22 (2), 177-195.

Hall, E. T. (1966).The Hidden dimension. New York: Garden City.

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(4), Pages 701-710

Love, J & Mansury, M (2009). Exporting and productivity in business services: Evidence from the United States. International Business Review, 18 (6), Pages 630-642 Millman, G (1990).The Floating Battlefield: Corporate Strategies in the Currency Wars. New

York, AMACOM

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毕业论文(英文翻译)排版格式

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本科论文 3000字外文翻译

附录A 3 Image Enhancement in the Spatial Domain The principal objective of enhancement is to process an image so that the result is more suitable than the original image for a specific application. The word specific is important, because it establishes at the outset than the techniques discussed in this chapter are very much problem oriented. Thus, for example, a method that is quite useful for enhancing X-ray images may not necessarily be the best approach for enhancing pictures of Mars transmitted by a space probe. Regardless of the method used .However, image enhancement is one of the most interesting and visually appealing areas of image processing. Image enhancement approaches fall into two broad categories: spatial domain methods and frequency domain methods. The term spatial domain refers to the image plane itself, and approaches in this category are based on direct manipulation of pixels in an image. Fourier transform of an image. Spatial methods are covered in this chapter, and frequency domain enhancement is discussed in Chapter 4.Enhancement techniques based on various combinations of methods from these two categories are not unusual. We note also that many of the fundamental techniques introduced in this chapter in the context of enhancement are used in subsequent chapters for a variety of other image processing applications. There is no general theory of image enhancement. When an image is processed for visual interpretation, the viewer is the ultimate judge of how well a particular method works. Visual evaluation of image quality is a highly is highly subjective process, thus making the definition of a “good image” an elusive standard by which to compare algorithm performance. When the problem is one of processing images for machine perception, the evaluation task is somewhat easier. For example, in dealing with a character recognition application, and leaving aside other issues such as computational requirements, the best image processing method would be the one yielding the best machine recognition results. However, even in situations when a

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译文 学院:土建学院专业:土木工程学号:064&&&&&&&姓名:&&&&&& 指导教师: &&&&&&教授

江苏科技大学 2010年 03 月 28 日 均布荷载作用下挡土墙上的土压力 G. I. Shvetsov UDC 624.131.531.2 在前一篇文章中,我们确定了在只考虑填土自重的试验条件下,作用在挡土墙上的压力。这篇文章是第一篇文章的延续,致力于探索填土在外界均布荷载作用下,在挡土墙上产生的荷载问题,当在使用到先前得到的岩土平衡微分方程时,我们仅仅只改变边界条件,因为在这种情况下我们使用了与初始解决方案相同的原理。我们只提取那些与附加土压力有关的新成果,以及仅定义那些第一次出现的新符号。 在设计中,我们通常把作用在挡土墙上的土压力看作是呈三角形分布的,应力也被假设为是沿着墙体均匀连续分布的,但是实验结果并没有证实这一理论,试验表明表面

的附加应力随墙的高度变化并不均匀,而是从回填土顶部的最大值开始一直减小到其底部的最小值。因而,在M.C.瓦尔跟实验图的纵坐标的最大值超出理论计算值近两倍,最小值达到理论计算值的0.65倍,因为土压力的增加主要是在墙的上部,由此所得出的作用点比计算所得出的要高很多。 F.M.shikhiev 的理论里包含了关于挡土墙均布荷载作用下的二维应力折减问题,但是, 附加应力的分布对挡土墙受超荷载作用的效果问题的影响,并没有经过合适的理论研究。 虽然,不同研究人员所做的无数次试验已经确定,侧壁的扭曲效应更大,随着表面的粗糙程度而变大,随挡土墙的宽度和高度之比。在这篇文章里,我们将尽可能的填补这方面的空白。 在边界条件0q 0,y x ==的基础上,我们可以确定试验中作用在有侧向限制的填土上没有超荷的垂直应力。如果一个外附加应力作用在楔块表面上的强度为x σ,则在这种情况下,我们可以从已知条件得出,当y=0时,x q = x σ,既可以得出方程 ()()1 1 1/2/k x x w w h y h A q f m h A λσξ+-=+ (1) 其中 ,荷载分配的不均匀系数A 1和土的深度有关: ()() 111/1/k k A y h y h -= --- (2) 方程一是通用的,因为对于任意一种荷载分布x σ它都可以计算出任意土层中某一点的应力,因此便足以表明应力在X 轴方向的分布规律。当0=x σ时,方程便简化成相应的没有附加应力的形式,并且,当0=w f 而且0>x σ时,它反映了在考虑了附加应力条件时的二维问题,即: 11k x x h y q A h γσ?? =+- ??? (3) 满布在滑动楔上的均布荷载对我们已经知道的设计系数k ,n,和ξw 的值并没有影响,所以,计算作用在挡土墙上的正应力,切应力和总应力的表达式如下:

毕业论文英文参考文献与译文

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