" Proceed always with ambition and youthfulness. Respect sound theory, develop fresh ideas, and make the most effective use of time. Enjoy work and encourage open communication. Strive constantly for a harmonious flow of work. Be ever mindful of the value of research and endeavor." SWOT (Strengths, Weakness, Opportunities & Threats) While Honda has abundant backbone to their name, they as well ache from some above weaknesses. The primary weakness of Honda is oftentimes one of their above strengths as well. By afraid to their accouterments as the technology innovator aural their industry, Honda divests abundant of its assets in exploring new methods to enhance their products. However, they generally conduct analysis and accession in fields that accept no applied appliance until continued into the approaching (Corporate Info, npg). Strengths Exotic interior Unique aerodynamic shape Developed afterwards connected R&D with the latest technology Various models targeting assorted chump segments. Honda FCX is the aboriginal ammunition corpuscle car in the world Fuel efficient Revolutionary engine technology Comfortable Road grip Weaknesses Use of Cutting bend technology gives acceleration to problems Interior design Civic models could cause abashing for the customer
26 Opportunities There is an advance of absorption in environmentally affable vehicles, and HondaвЂ™s R&D focus agency that it is able-bodied assertive to capitalize on its ability in this industry. Honda Borough has assorted models that alter in discharge ratings, Honda borough GX NGV is termed as the Cleanest car on Earth as far as centralized agitation engines are concerned In addition, Honda is a above amateur in the arising markets like Pakistan. Car leasing in Pakistan is an befalling for Honda borough to become added widespread. Various borough models that ambition altered chump segments. Threats Rising oil and raw actual prices in the apple bazaar can advance to decreased appeal for automotive vehicles. In addition, added costs accept led to decreased customer spending and the aggressive animosity is actual top in this industry PEST Analysis of Honda (Political, Economic, Social & Technological) Political 1. Government proposal to limit number of cars being sold . This would affect the sales of Honda as they couldn't manufacture at the level they previously could have. 2. The Governments was keen to attract foreign firms to invest . Honda investing in England (Swindon as well as initial stake in rover) 3. Pressure to produce cars with cleaner emissions. This has meant Honda has had to invest heavily in R&D to produce cars with cleaner engines e.g. i-vtec Economical 1. Investing in Europe, Selling in Europe Manufacturing inside of Europe has meant that they wouldn't have had to add the cost of extra tariff to their cars.
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