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Management and Operations Assignment Solved - Toyota

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Added on  2020-10-22

Management and Operations Assignment Solved - Toyota

   Added on 2020-10-22

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MANAGEMENT ANDOPERATION
Management and Operations Assignment Solved - Toyota_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1LO 1.................................................................................................................................................1P1. Difference between role of leader and manager....................................................................1LO 2.................................................................................................................................................3P2. Role of leader and manger by applying various theories in different situations...................3P3 strength and weakness of approaches of leadership and management...................................4LO 3.................................................................................................................................................6P4. Key operational approaches..................................................................................................6P5 Importance of Operation management...................................................................................9LO 4.................................................................................................................................................9P6 Impact of external environmental factor................................................................................9CONCLSUION..............................................................................................................................11
Management and Operations Assignment Solved - Toyota_2
INTRODUCTIONOperation management (OM) is essential part of business. Effective designing, controllingaid the firm in converting raw material into high quality desired goods (Luthra, Garg andHaleem, 2015). Operation manager is required to pay close attention over process so thatconsumers can get products and services as per their requirements. Present study is based onToyota which is the leading automobile company. It continuously makes changes in itstechnologies so that it can offer desirable goods to customers. Current assignment will definerole of manager and leader in organisation. Furthermore, approaches of operation managementwill be explained in this report. In addition, value and importance of OM will be described inthis study.LO 1P1. Difference between role of leader and manager Company overviewToyota Motor Corporation is the multinational automotive firm. It produces approx 10million vehicles per year. Company concentrates on hiring skilled people those who cancontribute well in achieving goal of business unit. In the year 2017 entity has generated29379510Million revenues and its operating income was 2399862 million. Vision of Toyota is tocreate earth friendly products that may support in its sustainability in the market. It followscustoms, laws carefully and ensures manufacturing of goods by following legal guidelines. In theproduction of automobile goods there are around 600 subsidiaries involved. Its assembled partsare being distributed in many countries.Management structureEach firms aim to retain its skilled employees in company for longer duration. Foraccomplishing this objective, it is very important for business to have effective managementstructure. Toyota follows flat organisational structure; it involves its lower level workers indecision making process (Luthra, Garg and Haleem, 2016). People have rights to share theiropinion and give their reviews on management’s decision. This has supported the firm indeveloping healthy relationship with its staff members and making them loyal towards the brand.One of the main advantages of having flat management structure is that there is lack ofbureaucracy as compare to tall structure. People communicate with each other freely and work aseffective team.1
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Difference between role of leader and manager Leader is the person who lead the team and guide people to perform their work effectively.Leader can be defined as person who influence behaviour of others in order to achieve theorganisational goal. On other hand manager is the person who manage things and workforce inorder to raise efficiency of operations (Chavez and et.al., 2016). Manager can be defined asperson who works for arranging and managing people and work of organisation. Leadership theorySystem leadership states that leader is responsible person for creating such atmosphere inbusiness unit where all individuals can perform their work effectively and contribute well inaccomplishing goal of business unit. Contingency management theoryThis is management theory that describes relationship between orientation of leader andsituations in company. Orientation of leaders helps in turning complex situation in business unitand developing healthy relationship with employees. Role of leaderLeader is responsible for creating vision, they are experience person and know their teammembers well thus, treat them accordingly. Leader’s play the role of innovator, they bring new ideas through which overallefficiency can be raised and mistakes can be minimised.Leaders play the role of risk taker , they take risk to control over problems (Eilert andet.al., 2017).Role of managersManagers are responsible to control over risk by implementing effective strategies.Mangers of Toyota follow the instruction of higher authorities and work accordingly.Managers in company have duty to set goal and measure success. They have to be stickto their work and process. Furthermore, managers have to refine system in order to meetorganisational goal.Characteristic of managerHonesty: manager of company must have honest behaviour, individual needs to be ableto tell truth. This quality of person makes them able to make employees loyal towardsmanagement.2
Management and Operations Assignment Solved - Toyota_4

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