Introduction business has it has hundreds of thousands of

Introduction I am going to be comparing two contrasting businesses in the form of a report. I will include the history of the two businesses as well as the scope, sector and size of the business. I will also include the ownership structure, liability structure, along with research on all their stakeholders. Lastly, i will research and critically evaluate why both the business are successful. The two businesses i chose was toyota and direct relief.  Toyota is a public limited company whilst Direct Relief is a not for profit organisation.   Toyota Motor Corporation Toyota Motor Corporation is an international car manufacturer that is based in Toyota, Japan. In 2016 Toyota was marked as the 5th biggest company by income on the planet. As of 2017, Toyota had 364,445 employees worldwide and is currently the greatest car maker in the world. Toyota Motor Corporation was founded in 1937 as a branch off from his father’s company. Toyota is the world’s leading producers of hybrid vehicles and it’s prius range of cars have sold 6 million units sold worldwide.  Features of toyotaToyota Motor Corporation is a private sector business that operates as a public limited company. Their purpose is to to contribute to improving society through the production of automobiles. Toyota operates as both a secondary and tertiary company as they utilise raw materials and sell the finished product themselves. Toyota is a large international business has it has hundreds of thousands of employees worldwide. Toyota has been extremely successful has thay have clear principles and their vision is something that all their employees share. Toyota have two different types of principle that contribute heavily to its success. They are:Guiding Principles at ToyotaHonor the language and spirit of the law of every nation and undertake open and fair business activities to be a good corporate citizen of the world.Respect the culture and customs of every nation and contribute to economic and social development through corporate activities in their respective communities.Dedicate our business to providing clean and safe products and to enhancing the quality of life everywhere through all of our activities.Create and develop advanced technologies and provide outstanding products and services that fulfill the needs of customers worldwide.Foster a corporate culture that enhances both individual creativity and the value of teamwork, while honoring mutual trust and respect between labor and management.Pursue growth through harmony with the global community via innovative management.Work with business partners in research and manufacture to achieve stable, long-term growth and mutual benefits, while keeping ourselves open to new partnerships. Five Main Principles of ToyodaAlways be faithful to your duties, thereby contributing to the company and to the overall good.Always be studious and creative, striving to stay ahead of the times.Always be practical and avoid frivolousness.Always strive to build a homelike atmosphere at work that is warm and friendly.Always have respect for spiritual matters, and remember to be grateful at all times.Toyota’s vision is to pioneer the future through mobiles and exceed the expectations that are set. They intend to strive through challenges through with talent, passion and creativity of the people. They also intend to create eco-cars within the near future.Toyota’s stakeholdersCustomers – Toyota wishes to provide safe and reliable vehicles to satisfy the customers. As Toyota follow the customers first policy, they will also listen sincerely to the customers whilst continuing to reinvent themselves sufficient information. Employees – Toyota are creating working environments for their various different employees so they can work proudly and with loyalty and confidence in fulfilling their potential.Business Partners – Toyota and its business partners plan to contribute to the economic development of local communities and welcome new suppliers through sustainable growth based on mutual benefit business relations. Global Society/Local Communities – Toyota plan to reduce environmental burdens through lifecycle lifecycle by developing various eco-friendly vehicles and technologies. They also plan to be responsible for developing and and producing vehicles and contribute for the realisation of new new mobility free from traffic accidents and congestion. Along with respecting the culture and customs of every nation and contribute to social development. Shareholders – they plan to ensure sustainable growth by fostering the virtuous circle which is: better cars leads to enriching the lives of communities which then leads to a stable bse of business. This will increase the number of shareholders willing to invest more money into the business. Competitors – Toyota’s competitors are other manufacturers that also produce automobiles. They affect toyota as they force toyota to price competitively. Furthermore, they push toyota and its employees to pioneer in new directions. CommunicationsToyota have a wide range of methods that they utilise for communicating to an audience. On their website, they host their financial reports. Along with non financial reports for people who are interested in their aims and objectives. All reports are written formally. They also have social media accounts for that helps them communicate at all times with their customers.Structure and organisation Currently, Toyota operate with a hierarchical organisational structure. The main characteristics of the structure are, global hierarchy, geographic divisions and product based divisions. Before 2013, Toyota had still operated as hierarchical structure but was fundamentally different. They changed it because of of the slow decision making that a centralized global hierarchy has. Aims and objectives Toyota aims achieve long term, stable growth in harmony with the environment, the global economy, the local communities it serves, and its stakeholders. Their mission is to create a more prosperous society through automotive manufacturing.Oxfam