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-Product recall
-Lack of management interest and faulty installation

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-Toyota need improve the management of the company
-The company need improve the design and quality

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-Pollution problems petrol cars can cause air pollution

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Ways to overcome challenges for Starbuck 

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Ways to overcome challenges for Starbuck 

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-Starbucks needs to do more heavy marketing
-Provide training
-Hire more part-time baristas

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-Competitors pricing
-Lack of staff effect the process

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Brenden Aaronson wants to be a Leeds legend. But, asks Steven York, how will that be possible?

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1. Find reliable suppliers
2. Must plan ahead for instances like this and ensure that your suppliers are able to fulfill the requirements.

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Challenges faced by implementing JIT Apple

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Challenges faced by implementing JIT Apple

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1. Dependency on Suppliers
2. More planning required

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-A valuation-based approach to sponsorship evaluation provides a practical, logical and commercially driven basis for assessment.

- By following an approach that establishes links between changes in brand equity, stakeholder behaviour and ultimately business and brand value, we gain a solid platform of insight to decide whether to enter into or continue with sponsorship activities, and how much to spend to activate them.

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-Consistently tracking and monitoring the health of each entity’s brand allows you to fully understand the entire ecosystem of your brand portfolio. We can understand the connections & influences that occurs between the master brand and sub-brands.

-Knowing this enables investment decisions that truly balance and streamline your portfolio.

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Identify competitive advantage and opportunity.

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Identify competitive advantage and opportunity.

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-Identifying shifts and trends in your brand’s strengths uncovers opportunities to advance through product, geographical growth, and mergers and acquisitions activity.

-The proper brand intelligence gives insight into where the market is going before the competitors do. When company ask the right questions and maintain a continuous pulse on the dynamics around, the company can predict market shifts and adjust accordingly.

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Advantages of Implementing Brand Valuation Method 

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Advantages of Implementing Brand Valuation Method 

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3. Funds used to purchase inventory to anticipate consumer demand may be used for other purposes within the business, such as for research and development.

4. Save business costs by reducing the time it takes to store and maintain excess inventory.

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Toyota is at the top of the automotive chart with a brand value of US$54.107 billion which is RM225 billion.

Toyota retains title of world’s most valuable car brand, brand value up 8% to US$64.3 billion

It has fallen behind in the increasingly competitive electric vehicle arena in recent years & to regain ground, last year it announced it would be investing US$35 billion in electric vehicles, focusing on both battery technology and car development.

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Starbucks is one of the largest cafe chains on the planet

In 2021, the Starbucks brand was valued at approximately 13.01 billion U.S. dollars, up from 11.25 billion U.S. dollars the previous year.

Starbucks, the world-famous espresso chain, remains the most significant eatery brand after its brand value expanded by 23% since a year ago to USD $ 40 billion, as indicated by the most recent reports published in the same year.

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Definition:
- Brand valuation is the process used to calculate the value of a brand or the amount of money another party is prepared to pay for it.

- An estimate of the financial value of a brand. There is no universally accepted method for determining brand value. But, each company uses a different model.
-There are three main types of brand valuation methods
**The cost approach
**The market approach
**The income approach.

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Built a trusting relationship with their suppliers, allowing them to fulfill their promises while ordering inventory with much shorter lead times.

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Provide enough training for employees

Hire more part time workers

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Challenges faced by implementing JIT MCD

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Challenges faced by implementing JIT MCD

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Adds pressure on workers.

Workers are not able to find out of the box of solutions for a problem.

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1. Improve quality

Produce faster, helps them achieve customer satisfaction.

Can adapt to demands in a better and a faster way

2. Lower costs

Reduction in waste.

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Doesn’t begin to cook, until the order is being placed.

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Definition
- Goods are received from suppliers only as they are needed.
- Reduce inventory holding costs and increase inventory turnover. Produce with minimum lead time.