Executive Summary Globally, the automobile industry is one of the biggest ventures dominated by various companies among them the Nissan, the companies have established extensive markets worldwide coupled with competitive strategies that keep them afloat in these competitive industry. Analysts argue that the industry has experienced rapid acceleration since the nineties. Different manufacturers have adopted diverse mechanisms especially insight of global crisis that greatly affected the motor industry. Basically, the tremendous growth of the automotive industry has attracted several investors. According to Nag et al (2007, 4), long-term outlay demands an analysis of several factors that can easily aid in making a sound decision has contributed immensely to tremendous growth of automotive industry.
This paper attempts to critically analyze corporate performance, financial performance and contextual factors affecting Nissan Company. IntroductionNissan has employed a number of strategies to survive and thrive in the competitive business arena. A critical analysis of these strategies reveals that Nissan consciously endeavor to promote tits competitive advantage while at the same time reduce factors limiting their maximum output. The following analysis demonstrate the strategies as well as the underlying issues within this strategies that Nissan face in the daily operations to ensure environmentally friendly practices, high business performance and good corporate governance.
Corporate governance performance of Nissan Company Since its inception, Nissan Company has placed great emphasis on transparency both within and outside its corporate management. The company has relentlessly focus on the implementation of effective management in the pursued of achieving quantifiable commitments. Following the various ethical principles and government laws governing business operations in Japan, Nissan Company has embraced Internal Control Systems. The company’s Board of Directors relentlessly maintained good governance as an important aspect of administration.
The company’s management has well defined cardinal roles of individuals in various departments in the pursued of achieving defined goals. The publication of policy matters and overall objectives of the company is done for the interest of all parties and more so the investors, accomplishments of are made public in a transparent manner. To achieve better results in this area, the company has formed an oversight board with supervisory roles. The board is also mandated to decide on critical business matters as well as monitoring duties carried out by individuals appointed as directors.
The system relied upon formation of the board is clear and simple; this translates to a well defined authority in running of daily business of the company. In addition, several taskforce teams have been created to look into cooperate affairs (Monks, & Minow, 2008). The company’s emphasis on a transparent and accountable management has been strengthened the determination of” systems to ensure proper and appropriate cooperate operations” inline with existing laws. Moreover, a firm position has been taken against antisocial groupings with employees instructed to forward such matters to their seniors.
Several companies are aware of the inherent risks that are present within the automobile industry; Nissan has gone a step further in reducing chances of their occurrence by detecting them early enough (Monks, & Minow, 2008). Nissan value its customers as evident by establishment of a well structured internal system that stipulates the modalities for handling client’s personal information (Monks, & Minow, 2008). A committee charged with the responsibility of safeguarding information has been formed alongside numerous in-house workshops.
These steps are taken to enforce security while at the same time educating and encouraging employees to execute their duties diligently. While protecting the interest of its customers Nissan is fully compliant with Japan personal information protection act. Notably, the company recognizes the importance of protecting human life, the participation of Nissan in various calamities in Japan continues to be a major priority. The inclusion of an emergency plan within the companies business continuity plan (BCP)