Debates in Strategic Management - Toyota

Debates in Strategic Management

Contents
Introduction......................................................................................................................................2
Main body........................................................................................................................................2
Conclusion.......................................................................................................................................6
References........................................................................................................................................7

Introduction
Change management is considered as systematic process that is adopted by firm to
manage changes in the organization in order to accomplish business goal. With the rapid
changing market conditions, it has become essential for the firms that to make effective
alteration in entity so that innovation can be implemented in order to raise performance of
corporation (Armstrong, 2016). Present study is based on Toyota motor company, entity provide
high quality automobile products to its consumers in order to enhance their satisfaction level.
Current report will discuss factors of management within organization that emphases on
innovation and change.
Main body
In the modern era technological upgradation, high competition create issue for the
management of the business that to run their business in smooth manner. Staff members like to
work in such environment there they get more development opportunities and growth (Serrat,
2017). In such condition it is essential for the management that to make necessary changes in the
business so that it can retain its skilled employees in workplace and can sustain in the market for
longer duration. Change management support firms in gaining competitive advantage and
performing well in market.
Toyota is working in automobile industry where cited firm is facing high competition.
Audi, BMW etc. are biggest competitor of the firm that creates pressure on business that to make
some changes in operations so that it can gain competitive advantage. Management of the firm
always concern about its employees (O’Connor, 2018). It believes that workers are assets of the
firm. If they are not satisfied then company may not be able to perform well in the market. Staff
turn over is the serious management issue that is faced by Toyota motor corporation. There are
many people those who are leaving their job and moving towards other competitor. It is because
of poor workplace environment. Management of the cited firm do not involve employees in
decision making process. Staff members of Toyota has to work in strict environment and have to
work under pressure. That is why they feel dissatisfied and they think to leave their job soon.
Recently company is implementing autocratic leadership style where all decision is made by
higher authorities. Though company gives reward to the workers but strict environment create
difficulty for them to retain in firm for longer duration. In order to resolve this issue cited firm is