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Toyota's Change Management Strategy

   

Added on  2020-02-24

9 Pages2112 Words4513 Views
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Business and management
Toyota's Change Management Strategy_1

TABLE OF CONTENTSIntroduction................................................................................................................................3Main body..................................................................................................................................3Description of change and its significance.............................................................................3Analysis of culture of organisation and reasons of resistance towards change.....................3Approach of leaders to minimise resistance towards change.................................................3Impact of leadership style and emotional intelligence on implementation of change...........3Conclusion..................................................................................................................................3References..................................................................................................................................4
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INTRODUCTIONBusiness organisations are required to update their operational practices with thechanging market conditions to remain competitive and attain sustainable growth anddevelopment (Burke, 2017). The present study is based on case analysis of Toyota regardingchange management. The study will include a description of change occurred along with itssignificance for the company. Further, the culture of the company will be analysed todetermine reasons for resistance towards change. To resolve this resistance, description forthe significance of leadership style and emotional intelligence on the implementation ofchange will be provided.MAIN BODY Description of change and its significanceToyota motor company is considered to be the most famous company engaged inmanufacturing of auto mobile around the world. The company was initiated in 1937 andfounder of Toyota motors was Kiichiro Toyoda. At present, the company has maintained itsposition as the largest manufacturers of cars as a global brand (Cummings and Worley,2014). The company got success from the continuous adoption of efficiency and quality. Themajor reason behind their success is continuously updating and launching of new productsand services in the marketplace with the changing market conditions.In 2010, Toyota Motors declared a considerable change in their managementframework as a part of their rapid development strategy. Toyota is well known in the marketbecause of its improving organizational changes so as to provide a better competitiveness inthe market. These changes differ from revaluation to objectives of management (Marcu,2016). In 2010, some major changes were declared by the company such as to increaseproductivity and efficiency, the previously known Business Development Unit and MarineBusiness Division has been converted into Marine and Unit Business Division. The salesdepartment will take care of this unit. The department of purchasing planning will now be updated to Department ofPurchasing Administrative and the International Purchasing Promotion Division. Further, thepurchasing of body part division will now be restructured to Division of purchasing planning(Benn, Dunphy and Griffiths, 2014). The major aim behind this is to merge foreign and local
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