Toyota.edited.edited.docx - 1 Alliance Formation Both...

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1Alliance Formation, Both Globally and Locally, in the Global Automotive IndustryNameDepartment: UniversityCourse Name: Course NumberInstructorDate
2Toyota Motor Corporation StrategiesCore competencies refer to the superior skills that allow a company to excel in the respective industry. Toyota Motor Corporation is the world’s leading vehicle manufacturer the world based in Toyota City, Japan. Toyota’s core competency is developing automobiles of superior quality at the best prices, thereby providing value for money to the consumers. This corecompetency is attributed to its innovative production system based on its distinctive Toyota Production System (TPS), based on lean manufacturing concepts and just-in-time practices (Nkomo, 2019). The unique production system has led to the growth of its automobiles portfolio,which are environmentally friendly due to their low carbon emissions and incorporate better fuel

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