(855) 4-ESSAYS

Type a new keyword(s) and press Enter to search

Honda


            Honda currently stands as one of the leading Western automakers. It has reputation, and it has style. Nevertheless there are various external and internal factors that have a significant influence in how the company does its every-day business.
             .
             As a global company, Honda is affected by economic conditions in all parts of the world. The gains from its subsidiaries in regions experiencing economic prosperity are somewhat offset by the losses experienced by the subsidiaries economically depressed regions. Excellent financial management must be in place to manage the various stages of different business cycles at any one time.
             .
             Also, because legal and regulatory environments are different in each region, the company must be able to custom-design each single operation so that it is maximally profitable while abiding all relevant laws and regulations.
             .
             In terms of technology, Honda is the leader, but it must follow the development curve for new technologies or risk falling behind. Various types of research are being done in the industry on cleaning up the current internal combustion engines; finding new propulsion methods, such as the fuel cell; and developing various new "creature-comfort" features.
             .
             In terms of marketing, Honda is faced with different environment in each region in which it operates. Various demographic and culture traits call for, sometimes radically, different marketing programs.
             .
             Financially, Honda is currently in a very strong position. Their conservative approaches to risks, combined with its strong sales and reputation, have served to put the company on top of the financial markets.
             Looking towards the future, Honda is prepared better than ever to serve its customers, stockholders, and employees. With various new projects in planning for its product lines, employee benefits programs, and community sponsorship programs; Honda is putting itself in the best position ever to maintain its dominance in the automotive market.


Essays Related to Honda


Got a writing question? Ask our professional writer!
Submit My Question