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Management and Operations : Toyota

   

Added on  2020-10-23

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Management AndOperations
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Table of ContentsINTRODUCTION...........................................................................................................................3TASK 1............................................................................................................................................31. Introduction to Toyota........................................................................................................31.1 Management structure of Toyota......................................................................................42.Definition of the managers and leaders ..............................................................................52.1 Difference between Managers and Leaders ....................................................................52.2 Functions of Managers and leaders ................................................................................52.3 Characteristics of a leader and a manager........................................................................63.Different roles of management and leadership in application to different organisationalsituations, supported by theories and concepts.......................................................................73.1 Classical Management theory:.........................................................................................74. Strengths and Weaknesses of different approaches of leadership......................................84.1 Situational leadership theory ...........................................................................................84.2 System leadership theory :................................................................................................84.3 Contingency approach of leadership along with strength and weakness ........................91.5 Conclusion and recommendations..................................................................................10TASK 2..........................................................................................................................................112.1. Introduction to key operations of Toyota......................................................................112.2. Key operational function and roles and responsibilities of managers in it....................112.3. Key operational approaches of operational management..............................................122.4 Evaluation of Impact of External Business Environment Factors on Toyota................132.5 Approaches to Leadership and Management to Improve Operational Efficiencies.......172.6 Conclusion and Recommendation for future improvements .........................................17CONCLUSION..............................................................................................................................18REFERENCES..............................................................................................................................19
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INTRODUCTIONOperational management is defined as the overall planning, designing and supervising ofdifferent kind of functional activities within an organisation. In addition to this, it also deals withmanaging the operations and processes of the organisation. The chosen organisation for thisassignment is Toyota Motors which was founded by Kiichiro Toyoda in 1933. The firm isproviding automotive products in the world. This assignment will discuss about function, rolesand responsibility of managers and leaders through applying a large number of theory andconcepts. Strength and weaknesses of various approaches of leadership will also be covered inthis report. At last, this report will discuss about the environmental factors which affects thebusiness operations in adverse manner.TASK 11. Introduction to Toyota.Toyota is a rapidly growing firm in world along with headquarters in Japan. It is thesecond largest automotive industry. Company provides various kind of automotive products suchas luxury and commercial vehicles, engines etc. the company also engages in various kind ofservices such as banking, leasing and financing. As per the report of production department, thecompany have manufactured 10 million vehicle in the year of 2012 which was the highest recordin the automotive industry. The company has 3,69,124 employees who are providing their loyalservices around the world (Aboelmaged, 2014). The market share of Toyota firm has beenenhanced up to 4.8% which is higher than the previous year and it also termed as the highestvalue in the described period of time. In addition to this, The company have earned approx. 260billion U.S dollar at the end of year 2018. The main rivals of firm are Ford, Maruti Suzuki,Honda, etc. who are providing a tough competition to the organisation in marketplace.
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Source : Toyota Company Hierarchy.20181.1 Management structure of ToyotaIn context of Toyota, the company have their own organisational structure so that theycan operate their function in smooth manner. The Organisational structure of the firm is basedon the business operations which are executed by their different divisions around the world. Ascompany is well known and maintains a brand image in all over the world. Management of firmhave adopted divisional structure in which they have divided all their functions in divisions sothat functioning of operations can be handled in proper manner. Divisional structure of Toyota isbriefly discussed as under:Global Hierarchy: The company uses global hierarchy structure in which themanagement have responsibility of managing all the functional activities. In other words, withouttheir permission any operational unit can't implement their own decisions. In addition to this,every operation unit and the division head has responsibility to communicate all the necessaryreports with the headquarters. Geographic division: The company have divided their operational activities on the basisof geographic in eight parts such as America, Asia, Japan etc.Product-based division: The management of cited firm has divided their productionactivities in four parts such as Lexus international for Japan and Europe, No.1 operations inNorth America, No.2 operations in all regions, and unit centre is responsible for manufacturingthe engine and other related operational activities. The main purpose behind segmentation is to
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