Sustainability of Toyota Assignment Example | Topics and Well Written Essays - 2250 words - 1

Sustainability of Toyota - Assignment Example In the year2006, World Conservation Union has introduced three verticals of sustainability including environmental, social and economic. The three verticals represent three pillars or three embedded circles which are overlapping to each other. The following are the two models which include several elements in social, economic and environmental scenarios. These models are static models which give limited information; however, these are pretty powerful to a wide range of audience (Tododrov & Marinova, 2009). Another similar model has been developed by IUCN. Back in the year 2000, Hart developed a sustainability framework encompassing the evaluating indicators. According to him, the sustainability indicating elements would be those signs which reflect the company’s responsibilities towards the development of social, economic and environmental aspects leading to the company’s sustainable growth and profitability. Another set of driving forces can relate to the emerging technologies which can provide the strong and adverse effect on the existence of energy as well as material intensive industry sectors. Economic sustainability is carrying out sustainability development in a financially feasible way. Toyota is a leading automotive company with its operation spread across the globe. Toyota has its own fundamental policy to establish its sustainability in the business. The emphasis has been on the incorporate accurate and detailed data and information to evaluate the different aspects to achieve the sustainable development. In this section, SWOT analysis of Toyota has been discussed to assess the strengths, weaknesses, threats, and opportunities of this leading automobile firm. The company has established an integrated quality information system for the customer complaint management through the information gathering from the distributors, dealers and more other sources.