HR Strategy: Business Focused, Individually Centered

Study the details in Table A1.1.
| Company | Market capitalization 1 | Global 500 ranking 2002 2 | Global market share 2001(top 3 manufacturers) 3 |
|---|---|---|---|
| Toyota | 106.36 | 28 | 10.20% (target for 2010 15%) |
| Daimler/Chrysler | 46.02 | 81 | |
| Honda | 41.40 | 97 | |
| General Motors | 33.87 | 126 | 14.80% |
| Nissan | 33.01 | 131 | |
| Ford | 28.63 | 156 | 12.40% |
| Comparative data | |||
| GE | 372.08 | 1 | |
| Microsoft | 326.63 | 2 | |
| IBM | 179.21 | 12 | |
| Verizon | 125.26 | 19 | |
| 1 and 2 from FT Global 500 the world s largest companies, 9 September 2002 3 from Automotive News Data Center, www.autonews.com, 11 September 2002 |
How can Toyota, with the smallest market share amongst the top three, have a market capitalization of over three times that of General Motors and nearly four times that of Ford? How worried would you be as a CEO of either GM or Ford if you knew Toyota wanted a market share of 15 per cent?
Toyota is the...