Honda company analysis paper

HONDA COMPANY

This is a Japanese public multinational corporation that is known worldwide through its wide range of products. It was founded in October 1946 by Siochiro Honda and Takeo Fuijisawa and was incorporated on September 24th 1948. Its headquarters are in Minato, Tokyo, Japan.

The company’s revenue as at 2013 was ¥9.877 trillion. This is certainly no shock since the company is the world’s largest motorcycle manufacturer since 1959.

It also produces other products such as combustion engines whereby it manufactures more than 14 million internal combustion engines yearly. Honda was the 1st Japanese automobile manufacturer to release dedicated luxury brand, Acura, in 1986.

The company has not limited its products to transport oriented only. They also manufacture garden equipment, marine engines, personal watercraft and power generators.

Due to high competition from companies such as the Volkswagen Group of companies, Honda tries to stay afloat by improving the available products in the market and correcting inefficiencies.

In 2013, Honda invested 5.7% (US $6.8 billion) of revenues in research and development. The company was even able to make a robot after intensive research and development in its scientific fields.

The growth of the Honda Company can be accredited to hard work put in by its founders to ensure their products are of fair prices and are efficient in their purposes.

The humble beginning of the founders should act as a lesson to the whole lot of us individuals who plan to start something but tend to think we cannot make it to the top. If you ask me, only the humble beginnings make the beautiful endings.