The Civic Effect: Expanding A Market Through Innovation

  • 📰 Forbes
  • ⏱ Reading Time:
  • 71 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 32%
  • Publisher: 53%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

The Civic effect: expanding a market through innovation paid hondajet

That’s the lesson Honda taught the automotive industry in the early 1970s with the Honda Civic, a car that didn’t just earn acclaim and sales but redefined the sub-compact car market and became a perennial bestseller. It’s a lesson the car business never forgot.And it’s a lesson Honda never lost sight of, either. The development of the HondaJet isn’t simply a matter of a carmaker learning to fly.

Fujino, who moved to the United States in 1986 as part of Honda’s then-secret aviation R&D program, understood the Civic’s legacy even then. By the mid-1980s the car was a steady sales performer and a household name, with nearly 170,000 Civics. It even gained a position in prominent automobile museum collections including the Smithsonian Institute. “The Civic was an icon that changed American auto culture,” Fujino says.

So the budding aircraft business needed a design that wouldn’t simply make headlines and sell product but that had the potential to succeed over multiple generations. “Honda is always looking to drive a long-term vision,” Fujino says.The Civic disrupted the car market with a combination of performance, comfort and price that other automakers weren’t matching. The Compound Vortex Controlled Combustion engine that powered early Civics was a significant part of that equation.

The HondaJet Elite’s innovations, including its signature wing-mounted engines, has redefined the light jet category.Fujino has gone on the record saying he considers aviation just as important as Honda’s traditional business, and that his vision goes beyond just putting hundreds of HondaJets in the sky. “My goal is to create a fourth pillar for Honda Motor,” he says, speaking of aviation sitting alongside the company’s ubiquitous standing in automotive, motorcycle and power products.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 394. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Stock market live updates: Dow set to rise, IBM surging, coronavirus effect, trading earningsLive updates of what's moving the market now. Big IBM gains and easing coronavirus fears are boosting stock futures. OMFG he's wearing a 29,000 hat! Overconfidence people. Overconfidence crashes markets. Lots of fake money out there from the GOPTaxScam and QE. dowjones
Fonte: CNBC - 🏆 12. / 72 Leggi di più »

Earnings, ECB decision, job market check: 3 things to watch for in the markets on ThursdayWe'll get earnings from Intel and Procter & Gamble, a rate decision from the ECB and weekly jobless claims on Thursday.
Fonte: CNBC - 🏆 12. / 72 Leggi di più »