Hyundai Strategy Implementation - Free Essay Example

Sample details Pages: 5 Words: 1461 Downloads: 8 Date added: 2017/09/21 Category Business Essay Type Argumentative essay Did you like this example? One of the first strategies Hyundai should consider is the development of luxury vehicles which could then be heavily marketed toward the upper and middle class cultural societies in United States, China, Japan, Europe, etc. While Hyundai has come a long way since it first began, the automobile manufacturer has a long path of growth and expansion to meet the consumer recognition of the competition. There are both pros and cons of this type of strategic plan. The greatest advantage presents Hyundai the opportunity to turn into a top contender amongst Toyota, Nissan, Lexus, and other well established and highly appreciated car companies. To further embellish upon the benefits, Hyundai stands to substantially increase the profit margins for each vehicle as well as overall revenues. The major disadvantages detail the cost factor of production in the current economic down turn and difficulties entering into the luxury vehicle trade. A second option which should be considered involves the investment and expansion into countries where Hyundai holds little to no presence or existence, Hyundais commitment to diversity and inclusion is an important reason for our success as one of the fastest growing automotive companies in the world. † (Diveristy In Action, 2010) Developing these markets affords the company the prospect of creating a promising name for itself within rising commerce as well as building solid customer relationships and loyalties. With the good comes the bad, the shortcomings include but are not limited to very strong competition, limited and reduced request for luxury vehicles, and again the pricy cost factors in a sluggish economy. The latest trend of car companies is, â€Å"going green†, cars which have significantly reduced the consumption of oil or otherwise known as the hybrid automobile. This is the third alternative Hyundai must continue to research and develop automobiles that will leave less of a foot on planet earth , â€Å"Over the next few years, Hyundai will introduce hybrids and other high-efficiency, low-emission models that cost far less than you’d expect. (Eco-Friendly Finally Got Econ-Friendly, 2010) Today, more automobile manufacturers and government incentives entice shoppers to purchase hybrid or electrical vehicles. The government in addition to car companies is beginning to strictly regulate emission policies and rules. Optimistic reactions and reviews of these new vehicles are ever growing and provide sound reasoning to explore such an endeavor. Once more, there are cons which consist of the huge expense of examining and developing electrical and hybrid vehicles and the vast competition of other automobile makers. The recommended strategy of choice embraces the most sensible act of ongoing research and the continuation of expansion through the development of hybrid or electric vehicles. Luxury vehicles offer the opportunity of steady increase in profits in the long run, but with the current economic conditions, and slow recovery, and consumers reevaluating the importance of financial security, this alternative should not be the preferred. Most customers want to save money as well as the environment, the hybrid and electric car provide both, the efficiency of smaller and green cars are in high demand. With budgets tight, gas prices in flux and fuel economy on everyone’s mind, it’s more important than ever to possess the latest information on fuel-efficient vehicles and energy-saving technologies. † (About Automotive Fuel Efficiency, 2010) Implementation Bringing into play the recommended choice of the third option, the growth and expansion of hybrid and electrical vehicles must be conducted within a series of phases rather than leap and jump without careful consideration and thorough processes. The first stage instigates the enhancement and amplification of fuel efficient small automobiles which are affordable in all aspects, cost, fuel, and maintenance. The subsequent dictates a quick response and course of action regarding the investigation and advancement of the hybrid vehicle. Hyundai must move at the right pace, a slow cultivation would result in a negative outcome. Finally the company should work at a steady momentum and quicken the rate of maturity in reference to the electric automobile. It would be wise to remain on constant track or ahead of the competition. Obama also instructed the Transportation Department to draw up new interim targets for mileage standards starting in 2012 that ensure new vehicles reach the 35 mile-a-gallon level set by Congress for 2020. He left intact Bush administration guidelines for 2011 models already being designed. † (Mufson Eilperin, 2009) More than one (three or four) research and development managers ought to be responsible for the augmentation of small fuel efficient vehicles, making available research, design, and marketing capabilities. A schedule should be set forth and stringently encouraged, one year to be the time period allotted. Three to four months would reflect the initial one or two vehicles with the completion of six to seven at the end of one year. Hybrid car deliveries references a bit longer, the time frame of two years should be adequate for the introduction of six to seven automobiles with one or two preliminary vehicles within the first six months. The commencement of electric vehicles should as take one year, the trial automobile prepared in six months. A financial plan must be observed in an effort to maintain a good profit level. The improvements and further growth of small fuel efficient vehicles possess a budget of sixty million, hybrid vehicles three billion, and electric cars eight billion. Evaluation and Control Measuring productivity is a tedious but necessary function of a manager’s responsibility, failure to control the yield and efficiency will ultimately have harmful consequences on the firm, and revenues. Each vehicle type, small fuel efficient, hybrid, and electric vehicles as explained previously will have a time period to fulfill and accomplish required task. As an example the addition and betterment of the small fuel efficient automobile directs the completion of four assignments during the first month, three during the second, and lastly but not least five throughout the fifth. With each monthly task finalizations, an analysis to evaluate the realization of completed task against what is expected will counteract unproductive and unsuccessful means of use and operations and uphold projected calculations and support, preserve, and control schedules for each vehicle debut. Research and development managers as well will be evaluated during the sixth month of production on decisive factors and criterion. To effectively and impartially assess and appraise the true performance of the research and development manager’s, upper level staff members such at the Vice President and executive manager overseeing the venture should determine measurable standards. A sampling of considerations and points of review could incorporate the following: ? Vehicle design and fabrication ?Vehicle efficiency: fuel savings and miles per gallon Vehicle charisma and magnetism ?Vehicle performance: Highest speed and horsepower ?Employee performance, turnover, and aptness of developmental stages Control and organization is vital, at all times management must retain timeliness and effectual operations to meet the necessary timetable of each vehicles launching. Just as with the evaluation process, the administration of control will grant opportunities of correction. The review and study of control takes upon the same aspects of evaluation, real numbers verses intended. The unfavorable and undesirable inconsistencies and conflicts will be swiftly attended to enforce the process of research and development be completed on time. The obligation of reviewing ex cessive cost factors, overrun of budgeted allowances, and explanations of cause give way of rectifying errors and miscalculations. Hyundai Motor is well known and appreciated for affordability, however quality is a never ending performance issue. Consumers call for vehicles that will withstand the length of his or her loan, with few to no manufacturing defects and areas of concern. Now is the time to strike, with Toyota and other largely recognized car companies issuing recalls and cause of anxiety, Hyundai must deliver worry free, fuel efficient, environment friendly, and long lasting automobiles. Currently the automobile maker has some of the best warranties on particular parts; nonetheless, Hyundai would be smart to focus on other regions to bestow wonderful warranty programs at no extra charge. Shoppers like to feel secure, financially, mentally, and physically. Already with a good standing of quality identification and survival and subsistence in a great number of countri es allows for an influential potency. Collectively these features demonstrate the ability for Hyundai to place itself as one of the leading contenders in the fuel efficient small, hybrid, and electric automobile industry. ? References About Automotive Fuel Efficiency. (2010). Retrieved September 19, 2010, from MSN. com: https://editorial. autos. msn. com/articles/fuelefficiency/default. aspx Diveristy In Action. (2010). Retrieved September 19, 2010, from Hyundai: About Us: Diversity: https://www. hyundaiusa. com/about-hyundai/diversity/diversity-in-action/index. aspx Eco-Friendly Finally Got Econ-Friendly. (2010). Retrieved September 18, 2010, from Hyundai: About Us: Environment: https://www. hyundaiusa. com/about-hyundai/environment/ Mufson, S. , Eilperin, J. (2009, January 27). The Washington Post. Retrieved September 19, 2010, from Obama Issues Orders Toward More Fuel-Efficient Cars: https://www. washingtonpost. com/wp-dyn/content/article/2009/01/26/AR2009012602028. html? nav =emailpage Don’t waste time! 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Analysis Of Daniel Dennett s Where Am I Essay

A body is just a body without a brain to command it and a brain can only do so much without a body to yield. It’s undeniable that the mind and body are completely dependent on the other to function, but where do they join together to form a unique individual. To what extent do the mind and body bridge together to form a unique individual? Is there even a bridge that connects them or are the mind and body separate entities who solely rely on each other to function, but that’s where all the shared boundaries that create a person end. Daniel Dennett tackles these mind and body questions in his essay, Where Am I. In Daniel Dennett’s, Where Am I, Dennett agrees to undergo an operation with would remove his brain from his body and insert an antennae that would enable his brain to control his body remotely. When Dennett wakes up, he finds that he doesn’t know where he is, but not in that sense that he was geographically lost. Dennett has woken up to find himself in his body without his brain, leaving him with the question, where am I? Is Dennett still in his body, in his brain, or in some cross-section between the two? First Dennett considers what it would mean if his identity, his â€Å"Dennettness† so to speak, were attached to his body, whom he has dubbed Hamlet. Ostensibly it would make sense if he himself were still in his body. When he first wakes up after the surgery, he is unable to put himself in the vat with his brain, named Yorick. He can’t shake the perception that he isShow Mo reRelatedAnalysis Of Daniel Dennett s Where Am I 1509 Words   |  7 PagesIn this Daniel Dennett’s essay â€Å"Where Am I?† Dennett tackles the difference between mind, body, and a person’s identity. In his story, Dennett has his brain removed and preserved in a vat. His body stays alive, and radio transmitters make it so he can still function. Dennett starts to question who and where â€Å"he† is. Though Dennett has several strong ideas, he isn’t correct in everything he suggests. When Dennett goes to view his brain, his first thought is that he is outside of the vat, lookingRead MorePhilosophy comparing libertarianism, compatibilism, and determinism2363 Words   |  10 Pagesfree or if they are governed by forces outside of your control. In the following paper I intend to compare and contrast the three major philosophical viewpoints regarding this question, and come to a conclusion on which I find to be the right answer. I believe the best way to do this is to first lay out the beliefs of each viewpoint. Once I have done this I can compare them, and give my insight on which I believe to be right. The first viewpoint regarding human freedom is determinism. TheRead MoreBranches of Philosophy8343 Words   |  34 PagesWestern philosophy [edit] History Main article: History of Western philosophy The introduction of the terms philosopher and philosophy has been ascribed to the Greek thinker Pythagoras (see Diogenes Laertius: De vita et moribus philosophorum, I, 12; Cicero: Tusculanae disputationes, V, 8-9). The ascription is based on a passage in a lost work of Herakleides Pontikos, a disciple of Aristotle. It is considered to be part of the widespread legends of Pythagoras of this time. Philosopher replaced

Unit 1 Free Essays

Running Header: UNIT 1: WRITTEN ASSIGNMENT Unit 1: Written Assignment LS308: Law and Society Kynyatta Weaver Professor: Joseph Marchionda Kaplan University I definitely agree that the major changes in society often bring about changes in the law. The reason that I agree with this is because when society first begin before anyone ever stole anything there was no need for the law, before the first murder there was no need for the law of murders. Now in this society and day and age because of some many crimes involving children they have imposed a new law, a curfew and violators will face the consequences as well as their parents. We will write a custom essay sample on Unit 1 or any similar topic only for you Order Now I would like to use the civil rights movement as one example of where changes in society brought about a change in the law. The changes were that the people wanted equality and they began looking for a change and the society begin to rebel against the norm in order to obtain equality and the laws were eventually changed in order to allow equal rights, and allowed for segregation in schools, and for people to be able to sit where ever they want to on the bus, etc. 42 U. S. C.  § 2000a. Public establishments include places of public accommodation (e. g. hotels, motels, and trailer parks), restaurants, gas stations, bars, taverns, and places of entertainment in general. The Civil Rights Act of 1964 and subsequent legislation also declared a strong legislative policy against discrimination in public schools and colleges which aided in desegregation. Title VI of the Civil Rights Act prohibits discrimination in federally funded programs. Title VII of the Civil Rights Act prohibits employ ment discrimination where the employer is engaged in interstate commerce. Congress has passed numerous other laws dealing with employment discrimination. See Employment Discrimination. (http://www. aw. cornell. edu/wex/civil_rights) The second thing that I think of involving changes in society that cause changes in the law is drugs in society. When drugs weren’t thought of as an epidemic there were laws but not the laws that we have now, kingpin law, etc. The laws are specifically designed for drug dealers and depending on the amount of drugs determine the sentence and length of time a person will be sentenced to jail. 1984, 1986 Drug Analogue (1984) and Anti-Drug Abuse (1986) Acts– The Drug Analogue act was enacted to deal with â€Å"designer† drugs, allowing immediate classification of a substance as a controlled substance. Previous to this, people were avoiding prosecution with chemically altered versions of controlled substances with similar drug effects because they didn’t appear on the Schedules. The Anti-drug abuse act focused on penalties for trafficking. 1988 Omnibus Drug Act (a. k. a. , â€Å"Chemical diversion and trafficking act†)– added registration requirements on airplanes and boats, dealt with arms sales, money laundering, and added death penalty for murder connected with drug-related felony. Toughened penalties for users and allowed for confiscation of vehicles used in distribution. 996 The Comprehensive Methamphetamine Control Act restricts access to chemicals and equipment used in the manufacture of methamphetamine and increases penalties for possession of these plus the manufacture and/or sale of the drug. The Combat Meth Act of 2005 amended the Controlled Substances Act to make pseudophedrine (the active ingredient in Sudafed and a necessary ingredient for home me th production) a Schedule V drug to limit amounts that can be purchased and requiring I. D. This amendment has been credited with a significant drop in home meth production. However, distribution has shifted to cheaper sources from, predominantly, Mexico. (http://facultypages. morris. umn. edu/~ratliffj/psy1081/drug_laws. htm) Works Cited (n. d. ). Retrieved from http://www. law. cornell. edu/wex/civil_rights http://facultypages. morris. umn. edu/~ratliffj/psy1081/drug_laws. htm. (n. d. ). Retrieved from http://facultypages. morris. umn. edu/~ratliffj/psy1081/drug_laws. htm http://www. law. cornell. edu/wex/civil_rights. (n. d. ). Retrieved from http://www. law. cornell. edu/wex/civil_rights: http://www. law. cornell. edu/wex/civil_rights How to cite Unit 1, Essay examples