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The Strategy of Toyota and H & R Tax Service Research Paper


In the world of business, every firm’s sole aim is to survive the competition and accrue maximum profits in the operations. As such, the key to success as well as prolonged existence in the market calls for the organizations to establish a tradition that ensures the development of modern initiatives, training and the application of new technology (Von Stamm, 2008). Through the drastic modifications and improvements in the design and modernism as well as creativity, the organizations are able to achieve competitive advantage over their competitors.

In fact, studies have shown that firms embracing research, design and improvements in technology results into the rapid growth. For instance, the radical transformation of the Toyota Company by increasing the quality of its products through innovation and design has ensured continuous expansion of the firm (Von Stamm, 2008). In addition, the design of the operation techniques enhances competitive advantage by stressing on quality as well as adaptability to meet the demands of diverse customers across the globe.

Further, through the adoption of modern technologies, the firms are capable of modifying their products and services through configurations of processes. For example, customizations as well as standardization have enabled Toyota and H & R tax services improve on their product and services quality resulting into improved competitiveness. In this regard, the firms are capable of producing high volumes of goods as well as providing services to larger markets (Julier & Moor, 2009).

In other words, design, modernization and creativity enable elastic production as well as specialty in the production processes of the firms thereby improving their competitiveness in the market. Further, the customizations of the existing technologies as well as restructuring by the firms have enabled them to offer products and services with unique advantages and client worth (Von Stamm, 2008). The firms have also managed to use advanced support equipments that have enabled rapid prototyping of operations. Consequently, the firms have achieved the required quality and speed in developing their products.

Processes, products, or services of H & R tax service and Toyota

H & R tax service stresses on the quality of their services delivery to their customers through employing trained tax professionals in their operations. The firm employs a strategy of recruiting experienced specialists who are capable of solving any tax issues (Julier & Moor, 2009). Further, the firm strategies involving tax preparation software as well as online tax processing has enabled efficiency in its operations. The firm engages in offering advice relating to bookkeeping, audit support and tax filing requirements to its clients.

On the other hand, Toyota Company employs diverse strategies that go beyond concentrating on its motor vehicle manufacturing service only (Julier & Moor, 2009). For example, the firm has diversified its production lines ranging from financial services to communications. Through the incorporation of knowledge and technology, the company enables the presentation of different segments of housing structures that meet the requirements of diverse clients around the globe.

In addition, the firm is embracing a technology enabling business transactions through the incorporation of information technology. As such, the customers are able to gain extra worth from the company’s services. For example, the company’s improvements in the area of telematics has enabled the establishment of G-link that has increased efficiency of communication networks (Julier & Moor, 2009). Further, the firm has taken into account the impacts of harmful emissions on the state of environment. Therefore, through the TOYOTA GREEN WAY, the company is developing environmental-friendly automobiles that have a positive impact on the atmosphere. In fact, such vehicles are darlings to many customers expanding its market base (Julier & Moor, 2009).

References

Julier, G. & Moor, L. (2009). Design and creativity: Policy, management and practice. Oxford, England: Berg.

Von Stamm, B. (2008). Managing innovation, design and creativity. West Sussex, England: John Wiley & Sons.

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Guerra, K. (2020, May 23). The Strategy of Toyota and H & R Tax Service [Blog post]. Retrieved from https://ivypanda.com/essays/the-strategy-of-toyota-and-h-amp-r-tax-service/

Work Cited

Guerra, Katelynn. "The Strategy of Toyota and H & R Tax Service." IvyPanda, 23 May 2020, ivypanda.com/essays/the-strategy-of-toyota-and-h-amp-r-tax-service/.

1. Katelynn Guerra. "The Strategy of Toyota and H & R Tax Service." IvyPanda (blog), May 23, 2020. https://ivypanda.com/essays/the-strategy-of-toyota-and-h-amp-r-tax-service/.


Bibliography


Guerra, Katelynn. "The Strategy of Toyota and H & R Tax Service." IvyPanda (blog), May 23, 2020. https://ivypanda.com/essays/the-strategy-of-toyota-and-h-amp-r-tax-service/.

References

Guerra, Katelynn. 2020. "The Strategy of Toyota and H & R Tax Service." IvyPanda (blog), May 23, 2020. https://ivypanda.com/essays/the-strategy-of-toyota-and-h-amp-r-tax-service/.

References

Guerra, K. (2020) 'The Strategy of Toyota and H & R Tax Service'. IvyPanda, 23 May.

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