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Management and Operations at Toyota

   

Added on  2020-11-12

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MANAGEMENT ANDOPERATIONS
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Table of ContentsINTRODUCTION...........................................................................................................................1TASK 1............................................................................................................................................11. Introduction about Toyota and its management structure..................................................12. Roles associated with mangers and leaders and the difference between management andleadership................................................................................................................................23. Roles and responsibilities of managers and leaders in different organizational situation withrespect to various theories and concepts................................................................................34. Strengths and weaknesses of different approaches to leadership and management...........45. Impact of managers and leaders on Toyota and necessary recommendations for futureimprovements.........................................................................................................................6TASK 2............................................................................................................................................61. THE KEY OPERATIONS OF THE TOYOTA.................................................................62. DEFINE EACH KEY OPERATIONS AND IDENTIFY THE ROLES ANDRESPONSIBILITIES OF MANAGERS OF TOYOTA........................................................73. Key operational approaches to operations management and value....................................84. Impact of external environment factors that affect decision making of managers andleaders.....................................................................................................................................95. Operational efficiencies can be improved to successfully meet business objectives usingappropriate management and leadership approaches...........................................................106. Conclusion and recommendations for future improvement to be taken by Toyota.........11CONCLUSION..............................................................................................................................11REFERENCES..............................................................................................................................12
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INTRODUCTIONManagement and operations play a key role in any business organization to achieve higherproductivity and efficiency in the organization. It helps employees of the organization to enhancetheir skill to achieve goal and objective of the organization (Akalin, Huang and Willems, 2016).It aims at implementing new strategies and policies in the organization to optimally use theresources in the most cost efficient manner to increase profitability and maintain competitiveedge in the market. Toyota Motor Corporation is the world's market leader in automativeindustry in terms of volume and revenue. It was founded in Japan by Kiichiro Toyoda in the year1937 and mainly deals in luxury cars, automobiles, commercial cars and engines. This report gives overview of Toyota and its management structure. It also highlights rolesand responsibilities of leaders and managers in optimizing operational efficiency. Furthermore, itanalyse different roles of management and leadership in application to different organizationalsituation in accordance with theories and concepts. It also includes strengths and weakness ofdifferent approaches to leadership and management and future recommendations forimprovement. This report also covers key operations of Toyota and analysis of how theseoperational efficiencies helps meet business objectives using management and leadershipapproach including future improvements and recommendations.TASK 11. Introduction about Toyota and its management structure.Toyota Motor Corporation is one of the leading automobile manufacturing company. Itwas founded in Japan by Kiichiro Toyoda in the year 1937 and is headquartered in Toyota city,Aichi, Japan. Toyota currently has manufacturing operations in 28 countries and sales in morethan 128 countries and regions (Slack and Brandon-Jones, 2018). Toyota mainly deals inautomobiles, luxury cars, commercial cars and engines. It is the world's market leader in terms ofrevenue and sales. Toyota focuses on delivering quality and durable products by implementingnew technology and launching products which are eco-friendly and fuel efficient. Management structure of ToyotaManagement structure should be very effective and flexible so that information flowseffeciently through different hierarchical structure of organization. Management structure laysdown rules and policies for organization so that goals can be achieved in a controlled and
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coordinated manner. Toyota maintains prospective skilled employees in its organization forstrategic direction and to achieve business goals (Lawrence and et.al., 2015). Toyotamanagement structure is divided into three hierarchical structure :Global hierarchy: Toyota focuses on decentralizing their organizational structure to increaseeffectiveness of decision making. Regional heads and business units have to report to the mainheadquarter of company which is located in Japan to make more strategic decisions to achieveobjective of the company (Chiarini and Vagnoni, 2015).Geographical decisions: Toyota has eight regional divisions around the world in Japan, NorthAmerica, Europe, East Asia and Oceania, China, Asia and Middle East, Africa and LatinAmerica and Caribbean. Each head of the regional division has to report to headquarter ofToyota to improve productivity and services according to the particular regional market.Product based division: Toyota structure its organizational divisions to efficiently manage alloperations and product line of business (Hitt, Xu and Carnes, 2016). Toyota has shift its focusfrom function based structure to product based management structure which mainly includesinnovative R&D and Engineering company; Toyota compact car company; Mid-size vehicle carcompany; CV company; Lexus International company; Power train company; Connectedcompany. Toyota will decentralize decision making powers to each president which will enhanceproductivity and help mitigate need and requirement of customers.2. Roles associated with mangers and leaders and the difference between management andleadership.Manager is an expert in an organization who direct employees to perform particular task atworkplace effectively and efficiently to achieve goals and objectives of the organization.Manager is responsible to delegate its responsibilities and motivate employees to perform task toachieve organizational efficiency (Ravindran, 2016). Key roles of managers is to guide andmotivate employees to work towards achieving a particular objective. They also aim at hiringand train employees, communicate, encourage them to achieve desired objective and monitortheir performance.Leader is a person who leads people and influence them to perform a particular task and achievehigh performance by making strategic decisions. The main role of leader is to create a vision andguide them to train and monitor employees to increase their efficiency at workplace and review
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