CORPORATE RISK MANANGEMENT

Corporate Risk Management



Corporate Risk Management

Risk management at the Japan-based Toyota Motors Corporation, one of the largest automakers in the world. In January 2010, Toyota was compelled to recall millions of vehicles after problems with braking, floor mats and acceleration pedals in its vehicles. The recalls even led Toyota to halt sales and production of eight of its most popular models(Smith, 2009). Due to rising number of recalls, sales plunged thereby disturbing the company's position in the global automotive industry. Analysts began to question Toyota's legendary quality and felt that the recalls represented a major failure on part ...