In: Economics
1. Create a positioning map for the TOTO using
attributes green and price.
2. How might regulatory activities affect TOTO as it enters
markets?
TOTO: Positioning Plumbing Products Globally
1- TOT0-
1- TOTO is the world's largest manufacturer of toilets, producing more than 7 million units each year .
2- The Japanese company was founded in 1917, with TOTO.Being an abbreviation of the two Japanese words forming its full name .TOYA TOKI, Although the company manufactures a complete line of plumbing supplies the company is best known for its high and innovative toilets.
3- TOTO enjoys a consistent position across markets and differentiates from competitors by being the leader in innovation.
4- With 5% of revenues going to research and development (R &D) and an army of 1,500 engineers thd company remains at the cutting edge of toilet technology.
5- TOTO holds its position based on beliefs about company innovations combined with an emphasis on sustainability.
6- TOTO'S success has been largely based on its invention.
7- Ths company began designing water conserving toilets before many governments began to focus on this improvement.
8- As TOTO has become increasingly dominant in the Japanese market, with over 70% of households using the company's products. Global expansion has become necessary to continue growth.
2- Regulatory Activities
- Governments have the capacity to make broad changes to monetary and fiscal policy, including raising or lowering interest rates, which has a huge impact on business.
1- They can boost the currency, which temporarily lifts corporate profits and share prices, but ultimately lowers and spikes interest rates.
2- Governments can intervene when companies or entire - segments of the economy are falling, or threatening to undermine the whole economic system, by providing bailouts.
3- Governments can create subsidies, taxing the public and giving the money to an industry, or tariffs, adding taxes to foreign products to lift prices and make domestic products more appealing.
4- Higher taxes and fees, and greater regulations can stymie businesses or entire industries.
3-Perceptual Map -
Example-This Example is based on breakfast , cereals similarly TOTO Map is based on Consumer demands.
-1- If the Map's purpose is to investigate how consumers feel about breakfast ,cereals.
-2-The Y axis might have "great taste "at one end, and "poor taste" at the other .
-3-The X axis might have "low "nutritional value" at one end, and" high nutritional value" at the other end.
-4--Each cereal brand is then plotted on the perceptual map based on how consumers perceive thr brand's products relative to those attributes .