Question

In 7-9 paragraph please do strategic analysis wargaming on Honda Motor Company?

Answer 1

Honda Motors Company needs to identify the long term business plan for the organization, so that the company is ready with its future products developed and ready for launch in the market to meet the future demands of the automobile products. The company needs to have the electrification in the automobile which looks to be the future demand of the automobile products. Honda needs to develop electric motors, so that they have product to meet the product demand in future.

The future automobile products needs to be environmental friendly motors so that they help the environment sustain and will not have much adverse impact on the environment. This could be an competitive advantage for the Honda Motor, which will help the company to be successful and achieve higher growths in the market. The Honda needs to have higher version of product meeting euro norms. Like currently the world market in US and Europe running on Euro 6 specification. The Honda needs to develop the product superior to these euro norms and meeting the government and legal norms for the future demand of the market.

Honda needs to identify product diversification and needs to explore other motor segments for the Honda Motor Company. The Honda motors may explore the segments like commercial vehicle, tractor segments etc, as these segments are also huge scope segments and being used worldwide. This help the Honda Motors to expand its product range in the market may be able to serve higher number of customers across the world. This will help to improve the Honda brand in the market.     

Honda Motors Company strategy helps them to continue in increasing their market share with maintaining as a low cost producer and high quality and reliability in the products.