Prepare a Power Point presentation covering the major section
Final Project Presentation Each student will prepare a Power Point presentation covering the major sections of their final project report and use the notes section of the Power Point to provide a narrative or script for their final presentation. Students will use no more than 12-15 slides to present their information and will follow the provided slide outline. The presentation and narrative must be concise yet informative enough to convey the major points of the final project report
attached is sections of the final project also attached is examples of other powerpoints
Final Project Presentation Each student will prepare a Power Point presentation covering the major sections of their final project report and use the notes section of the Power Point to provide a narrative or script for their final presentation. Students will use no more than 12-15 slides to present their information and will follow the provided slide outline. The presentation and narrative must be concise yet informative enough to convey the major points of the final project report
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Introduction, Problem Statement, and Literature Review
Donte Walker
Department of Business and Technology, William Woods University
BUS 585- Intergrated Studies and Business Administration – Fall 2 2022
Dr. Leathers
November 20, 2022
Introduction
Japanese automaker Honda Motor Co., Ltd. is a publicly traded company. Unlike its competitors, it has not been limited to a single product over the course of its decades-long reign over the global market. The business's reach spans many fields, making it highly versatile. The corporation is best known for manufacturing automobiles, airplanes, motorcycles, and power equipment (Badhon, 2019). The Honda Motor Company, Ltd., was established in 1959, and since then it has become a worldwide leader in the production of bikes and accessories. Honda Motor Company, one of the world's largest automakers, offers a diverse lineup. For Honda, the United States and Canada are the primary sources of revenue (Muniandy et al., 2020). Honda's products have evolved throughout the years, and the corporation today provides a wide variety of cutting-edge innovations. But competition is heating up as more businesses set their sights on the global market.
Mr. Honda developed the idea of attaching an engine to a bicycle. There was an immediate demand for Mr. Honda's motorcycles. With the help of his friends, he was able to raise enough money to buy the materials necessary to build a motorcycle with significantly more range (Badhon, 2019). His primary means of financial support were motorcycles and bicycles, which he sold to black marketers and small cycling enterprises. Company founder Soichiro Honda has had a passion for cars since he was a young boy (Bahety et al, 2018). At the Art Shokai tuning company in Japan, he filled in as a specialist, making adjustments to cars and entering them in competition. Since he had no formal architectural training, he worked on a cylinder layout to pitch to Toyota. After receiving negative feedback on his preliminary design suggestions, Soichiro spent a great deal of time honing and completing his final design. After some years, Toyota awarded him a contract, and he built a factory to produce pistons for the corporation. Unfortunately, the factory was destroyed by an earthquake. Because of the wartime fuel shortage, Honda was unable to drive his car, However, the idea of mounting a small motor on his bicycle sparked widespread interest (Bahety et al., 2018). Soon after, he established the Honda Technical Research Institute to focus on developing and producing lightweight, 2-cycle cruiser engines.
Soichiro got enough capital to design and produce his first motorbike, the Honda Cub, by enlisting the support of 18,000 bicycle shop owners across Japan in the struggle to rebuild a country ripped apart by World War II. Founded in this year, Honda Motor Company would soon grow to become the largest motorcycle manufacturer in the world. The T360 pick-up truck, manufactured by Honda and released in August 1963, was the first manufacturing automobile anywhere in the globe (Badhon, 2019). The automobile was powered by a 356 cc gasoline straight-4 engine and qualified for the more affordable Kei car tax category. After the T360, in October 1963, Honda began production on the S500 sports car, their first mass-produced automobile (Badhon, 2019). A chain drives the rear wheels, recalling Honda's origins in the motorcycle industry.
According to company’s goal statement, Honda strives to "provide products of the best quality, yet at a reasonable price for international customer satisfaction while keeping a global perspective." The statement demonstrates the company's commitment to provide high-quality items at competitive prices. The structure is comprised of the following element: Improvement of life and Improving affordability (Badhon, 2019). Since the beginning, Honda has been committed to producing high-quality products, giving them an edge on the competition. Honda's success can be directly attributed to its corporate statements.
To "service people globally with the joy of enhancing their life's potential – Lead the advancement of mobility and empower people everywhere to enhance their daily lives," as stated by Honda, is the company's stated mission. Honda has been at the forefront of ground-breaking designs that enhance mobility across all modes of transportation, including land, air, and sea (Badhon, 2019).
While Hondas firm limited has expanded into the automobile industry and is now the third largest carmaker in Japan, the company orginally began producing bikes and is currently the largest motorbike producer in the world. The United States is their best market and where the company sees the most success. Most of Honda's revenue comes from selling automobiles, including the Accord, Civic, CR-V, and the high-end Acura brand (Bahety et al., 2018). The Accord is the country's second most popular car purchase, yet it tops the list of most stolen cars, making it the most "in-demand" automobile in the country. Some of Honda's motorcycle offerings include the Super Cub, Foresight, and Shadow 750. In addition to agricultural and industrial gear, portable generators, outboard motors, and all-terrain vehicles are produced by the company's power products section, which contributes to the company's annual revenues (Bahety et al., 2018).
The market challenges experienced by Honda are the primary focus of this essay. Honda Motors employees in China wanted to form their own union so that they could have a voice in the company. In addition, they sought a raise in pay and benefits. Nearly 1700 employees went on strike when the corporation refused to meet their demands. Management now faces a critical issue as a result of this predicament (BHARGAVI). The company's sales and revenue dropped, and Honda had trouble finding enough people to work in its factories. It also became a political issue, which hurt the company's reputation in the eyes of its target audience.
Literature Review
According to Badhon (2019), one of the most prestigious product segments in terms of revenue is the automotive sector, a term encompassing a wide range of businesses and trade groups involved in the design, development, manufacture, marketing, and exchange of motor vehicles, towed vehicles, two-wheeled vehicles, and mopeds. It's a major source of international trade and economic growth (Badhon, 2019). The term "automotive industry" typically excludes businesses whose primary product is a written providing to the support of autos and 1 subsequent thing rounded up to the end-user, such as repair shops and fuel-up stations.
As per Bahety et al (2018), there is a massive market for high-tech automobiles. Many American businesses rely on production, distribution, and maintenance. To compete in the luxury market, Honda removed all references to the company's origins from its vehicles. Customers did not connect Honda's rising prestige with the company as a whole (Bahety et al, 2018). Honda has finally released an encouraging product, and the success of this launch was measured by the company's profitability, market share, and the success of the new model thus far. The success of the expansion is heavily reliant on the advertising strategy that backs it. In light of these gains, Honda has satisfied the criteria for advancement necessary for vertical growth. The company credits its successful advertising strategy, which it says is vastly different from the advertising strategy it employs for its non-luxury businesses (Bahety et al, 2018). Honda enjoyed a perfect trait-relationship with its customer base in terms of quality and consistency, but the renown-relationship was less than stellar. Honda Motor Company felt it necessary to counter the negative glory relationship of the parent brand, in which the parent brand's name did not automatically convey prestige in the high-end market (Bahety et al, 2018). Honda came up with the Acura brand to combat this problem, and it has been incredibly successful for the company.
There have been more seamless openings in the supply chain as a result of the increased global trade of vehicle parts according to Muniandy et al (2020). Pakistan has swapped vehicles with a number of different economies. These days, it's not unusual at all to see recycled cars or auto parts manufactured in Asia or Europe. Due to their higher cargo costs, the value of imports has not yet diminished the advantage of local manufacturers (Muniandy et al, 2020). However, in Asia, this sort of trade is prohibited because of the high interest rates in countries like China and India. Auto manufacturing is the sixth largest assembly sector in Pakistan. During the past few years, it has experienced explosive growth, with year-over-year increases of over 100%. Every year, the automotive industry adds over $6 billion to the US economy. It generates roughly $0.82 billion in revenue for governments through indirect charges, and it directly creates 215k jobs. At the same time, this region contributes at least 16% to Pakistan's manufacturing sector (Muniandy et al, 2020). The auto industry in Pakistan is quickly rising to prominence as a driver of the country's economic growth and international trade because to the country's plethora of opportunities for workplace innovation and forward and backward connections in allied businesses. Suzuki, Honda, and Toyota are the three most well-liked automakers in Pakistan, accounting for 62%, 9%, and 28% of the market share, respectively.
According to Bhargava & Chandravathi, Honda operates in Pakistan's automobile sector under varying theories of diversification and specialized cooperative activity with leading global fabricates. It is also argued that there is a strong rationale for buying in from the nearest neighbors if the buy in of completed products is to be established at a greater value. The automobile industry in Pakistan might be considered to be under distinct control (Bhargava & Chandravathi). There's no denying that the top three automakers control the vast majority of the industry. It's also more likely that prices in an oligopolistic market will be set in stone. This rigidity could manifest itself if, for example, a price hike by one manufacturer isn't matched by others, or if a price cut by one manufacturer leads to a price cut across the board. Honda Pakistan brought this to customers' attention by offering price cuts of PKR 30,000 on the Honda Civic and PKR 40,000 on the Honda City (Bhargava & Chandravathi). For better or worse, fascinating times lie ahead for the auto industry and the three Japanese automakers in Pakistan. Honda, the smallest of the big three automakers, is now the brightest example. The company has grown steadily, utilizing only 50% of its present capacity, but its share of the automobile market has increased, from 9% in 2009 when it first began selling vehicles in the country to 20% in 2014.
As per Boiral et al (2022), it’s possible that Honda may become the industry leader in terms of both money and progress. In the past year alone, its stock price has risen dramatically. The company's redesign and introduction of a new Civic have been well received by consumers (Boiral et al, 2022). The most current data available (7MFY17) reveal that consolidated deals are up 51% year-on-year, and that January 2017 witnessed the most significant deals the company has sold in a month to date. Five-one percent of Honda's production is local.
According to Thomas (2019), the distribution industry relies heavily on achieving stronger restrictions, but this has become increasingly difficult due to surging crude material imports. Import prices will rise in response to any change in the dollar's parity with the rupee. Retailers have already begun petitioning for a waiver of the RD on steel component imports. It is impossible to construct confinement without massive volumes (Thomas, 2019). Each iteration of the model and layout necessitates a fresh round of innovation, which in turn necessitates massive investments of billions of rupees.
According to Chahande (2022), low numbers of coordinated efforts were another reason for not achieving desired results towards indigenization. Pakistan also pays a fraction of the cost that Malaysia, Thailand, Vietnam, and India do for eminences and specialized charges. Even that is difficult due to standard and federal spending regulations.
As per Park (2021), Honda of Pakistan is a joint venture between the Japanese and Pakistani branches of the firm. As was just described, Honda operates in Pakistan's automotive sector via two large, combined ventures, both of which are tied to the Atlas Group. Perhaps most interestingly, the Atlas Group owns a share in Honda in Pakistan exceeding 50%.
References
Badhon, M. (2019). Analysis on Market and Business Strategy of Honda, DHS Motors Limited.
Bahety, S., Moffitt, B., Pruchnik, W., & O’Rourke, J. S. (2018). Honda motor company: communication and the takata airbag crisis. The Eugene D. Fanning Center for Business Communication, Mendoza College of Business, University of Notre Dame.
Muniandy, A. M., Kee, D. M. H., Izwan, S., Imran, M., Al-Amin, A. A., Kumar, S., & Singh, S. (2020). The key success factor: A study of Honda Motor. Journal of the Community Development in Asia (JCDA), 3(2), 67-77.
BHARGAVI, T., & CHANDRAVATHI, K. A STUDY ON COMPARATIVE FINANCIAL STATEMENT ANALYSIS ON HERO MOTOR CROP.
Boiral, O., Brotherton, M. C., Rivaud, L., & Talbot, D. (2022). Comparing the uncomparable? An investigation of car manufacturers' climate performance. Business Strategy and the Environment, 31(5), 2213-2229.
Thomas, V. J., & Maine, E. (2019). Market entry strategies for electric vehicle start- ups in the automotive industry–Lessons from Tesla Motors. Journal of Cleaner Production, 235, 653-663.
Chahande, M. S. S.(2022) “A study of various purches factor of Yamaha scooter and its impact on buying behavior vis-à-vis other competition in the segment (Doctoral dissertation, Rashtrasant Tukadoji Maharaj Nagpur University).
Park, Y. W., & Park, Y. J. (2021). Corporate Strategy for Corporate and Ecosystem Sustainability. In Corporate Social Responsibility and Entrepreneurship for Sustainability (pp. 71-79). Springer, Singapore.
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Methodology Section
Donte Walker
Department of Business and Technology, William Woods University
BUS 585- Intergrated Studies and Business Administration – Fall 2 2022
Dr. Leathers
Quantitative and qualitative approaches are the two basic types of research methods that should always be utilized in the field of research. Quantitative methods focus more on numerical data and provide and analyze that data, whereas qualitative methods place more emphasis on narrative data and provide and analyze that data. Both quantitative and qualitative methods collect and analyze data (Basias & Pollalis, 2018). The primary objective of this research paper written in the style of a case study is to investigate the success that Honda has had in globe. This investigation will focus on the company's entry modes, the entry obstacles, and the trade barriers, as well as how these aspects influence Honda's decision-making. As a direct consequence of this, the research approach that was taken was qualitative. Case studies can be developed by conducting in-depth analyses of events, and qualitative research can be of assistance by shining light on the conditions in question as they exist in the real world. Any study of social phenomena that involves the researcher using a wide variety of empirical data to assess a case in order to obtain a deeper understanding of the subject matter is considered to be qualitative research. In order for the researcher to obtain a comprehensive comprehension, this study takes a qualitative approach to Honda's research in order to conduct the investigation.
PESTEL, which is one of the most effective tools for conducting macro-environment analysis for the purposes of conducting company operations, as well as the theories of joint venture and exporting and totally owned subsidiary, will serve as the initial foci of this article. Next, as a case study, we'll investigate Honda Motors to find out more about the business's approach to market entry. In this situation, we will use the OLI paradigm to investigate Honda's entry mode strategy, after which we will provide an analysis of our findings as well as some suggestions for how the corporation might better its future expansion into new markets (Borgstede & Scholz, 2021). The techniques chapter devotes the majority of its discussion to the overarching research perspective. The paper will start with an introduction, then move on to a description of the research methodologies and strategies that were utilized, followed by the data collection, analysis, and interpretation sections. At long last, the report will wind down with a summary of any pertinent conclusions and recommendations.
The primary objective is to pinpoint Honda Motors' technology utilization across its numerous entry modes in various markets. From there, the objective is to construct a more solid basis upon which to advise the company on the most appropriate entry mode for its future global operations. Ultimately, the goal is to advise the company on the most effective entry mode for its future global operations. In light of the fact that this is of the utmost significance when it comes to the process of providing suggestions for the future operations of Honda all over the world, we will be doing research into the regulatory environment and entry difficulties.
In the process of doing research, both deductive and inductive thinking are utilized to an essential degree. According to this definition, the deductive method of inquiry comprises creating hypotheses in light of previously established scientific principles and theories, testing those hypotheses, and drawing legitimate and, at times, paradoxical conclusions from the results of those tests. In direct opposition to this is the inductive method, which centers on the accumulation and analysis of empirical facts in order to reach conclusions about the world and, ultimately, on the generation of novel concepts (Basias & Pollalis, 2018). Because qualitative research is naturally more subjective and able to adapt to altering priorities throughout the course of the research process, the inductive method finds widespread application within this methodology.
Since empirical data, statistics, yearly reports, and corporate websites were all reviewed in order to obtain information, the inductive technique was applied to produce this paper. This material was then studied in order to provide the researcher with an in-depth acquaintance with Honda.
References
Basias, N., & Pollalis, Y. (2018). Quantitative and qualitative research in business & technology: Justifying a suitable research methodology. Review of Integrative Business and Economics Research, 7, 91-105.
Borgstede, M., & Scholz, M. (2021). Quantitative and Qualitative Approaches to Generalization and Replication–A Representationalist View. Frontiers in psychology, 12, 605191.
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Results Section
Donte Walker
Department of Business and Technology, William Woods University
BUS 585- Intergrated Studies and Business Administration – Fall 2 2022
Dr. Leathers
Socialist market economy is distinct from 'market economy' due to the CPC's continued authority over national policymaking, which allows the country to follow its socialist growth path. Deng Xiaoping and the CPC shifted their attention from culture (Mao) to advancing the material productive forces, resulting in the socialist market economy. The CPC uses a combination of public and private actors to steer the Chinese socialist market economy in the direction it wants to go. In this sense, the state plays a considerably more significant role than it would in a free market economy. As was clear from the start when MNCs began relocating to China in the 1980s and 1990s, the Chinese government is picky about the kind of businesses and industries it allows to operate within its borders (Feng & Li, 2019). When China first opened its doors to the automotive sector, it did so after engaging in thorough negotiations with various international manufacturers and licensing only those projects deemed to be beneficial to China's development. The Chinese were eager to master automobile production because of the historical significance of the automotive sector to the country's economy.
When an international company forms a joint venture with a Chinese partner, the international company will often share its proprietary know-how with the Chinese partner and teach the Chinese partner how to use it. However, there are certain exceptions to this rule. Despite the Chinese partner's contractual and WTO obligations to cease such production, several complaints have been lodged about the Chinese partner's continued production of the same items after a JV has been dissolved. This is despite the fact that the Chinese partner is required to cease such production (Feng & Li, 2019). Since September 2017, the Chinese government has been waging a campaign to improve the country's protection of intellectual property rights (IPR), in which they have pledged to crack down on activities that infringe on intellectual property rights and to increase judicial and administrative safeguards. Despite this, the United States has continued to lodge a complaint against China at the World Trade Organization (WTO) regarding the country's weak protection of intellectual property rights (IPR). Due to the high expense of research and development in the automobile sector, protecting their intellectual property rights is absolutely necessary in order to keep their advantage over their competitors. The industry is currently going through a time in which research and development is more important than it has ever been before since driverless vehicles and NEVs seek to shake things up (Wang, 2022). There is a compelling theoretical case in favor of selecting an entry strategy that takes into account the requirement to protect intellectual property. The development of electric and hybrid vehicles is the focus of one of the research and development facilities that GM maintains in China. This center is a joint venture between GM and SAIC.
The fact that China has the most people of any country in the world makes it a very appealing market for automobile manufacturers. The rise in foreign direct investment (FDI) in China can be attributed to the country's sizable consumer market as well as its robust economic growth, which reached its all-time high of $290 billion in 2013 before falling to $174 billion in 2016 (Foreign direct investment, net inflows (BoP, current US$), no date) (Wang, 2022). Even though the pace is much slower, multinational firms from other countries are continuing to make significant investments in China. China has been the largest market for vehicles globally since 2009, and sales have only climbed since then, so automakers have been increasingly looking to the country to enhance their bottom lines. Since 2009, China has been the largest market for vehicles worldwide.
References
Feng, K., & Li, J. (2019). Challenges in reshaping the sectoral innovation system of the Chinese automobile industry. In Innovation, Economic Development, and Intellectual Property in India and China (pp. 415-438). Springer, Singapore.
Wang, K. H., Su, C. W., Xiao, Y., & Liu, L. (2022). Is the oil price a barometer of China's automobile market? From a wavelet-based quantile-on-quantile regression perspective. Energy, 240, 122501.
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Fighting Food Insecurity From The Top
How can the USDA and THE FDA can help through the US Food Code?
United States Department of Agriculture and The Food and Drug Administration
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US Food Insecurity has surpassed 50 Million
During the COVID pandemic, Food Insecurity in America grew from 35 Million to over 50 Million (rts.com).
2
What is being done?
SOUP KITCHENS
FOOD PANTRIES
DONATIONS
MONETARY
GROCERS
RESTAURANTS
Locally in Champaign, IL, there is one soup kitchen and a half dozen food pantries and numerous churches receiving donations to pass out to the food insecure.
3
Results of What is being done
Daily bread soup kitchen feeds 400 people two meals a day.
Champaign has 30,000 citizens suffering from food insecurity
29,600 citizens are left food insecure and relying on food pantries daily to provide sustenance with no guarantee of availability.
4
What is our government doing?
Pure Food and Drug act (1906) – pure ingredients in food
US Food Code provides guidelines to sale of food
Comprehensive resource for food recovery programs
Bill emerson act
Federal food donation act
Us food loss and waste 2030 champions
Results of What Our Government is Doing
The US Food Code provides standards and regulations of handling food from farm to the table.
Bill emerson act provides companies from civil and criminal liability to the foods that are donated to non-profits.
Federal food donation act provides further protection of liability for companies
USDA and EPA(environmental protection agency) encourage a 50% reduction by 2030 by creating The US Food and loss 2030 champions.
NRA(National restaurant Association), EPA, and Feeding America create the Comprehensive resource for food recovery programs.
The 768 page US Food Code has less than one page devoted to food recovery to help the food insecure. The Comprehensive Resource is 51 pages devoted to increasing the food supply to the food insecure.
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Why has Food Insecurity Worsened?
For over 50 years, the USDA and FDA have concentrated their efforts on the safeties of Food from farm to table.
The efforts for food to go from table to salvaged have been minimal.
Even the Comprehensive Resource for Food Recovery Programs is a concentration on building relationships from grocer/restaurant to Food Distribution Organization (FDO).
How can we fix the Problem?
Food Insecurity has worsened while the US and the world places greater amount of food into landfills. In 2020, during the pandemic, the US discarded 40 million tons of food. With 50 million suffe
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