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Management and Operations Assignment Solution (Doc)

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Added on  2020-10-05

Management and Operations Assignment Solution (Doc)

   Added on 2020-10-05

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Management and operations
Management and Operations Assignment Solution (Doc)_1
Table of ContentsINTRODUCTION...........................................................................................................................1Task 1...............................................................................................................................................11. Introduction of Toyota and its management structure............................................................12. Role of managers and leader. Difference between management and leadership....................3Basis............................................................................................................................................3Manager.......................................................................................................................................3Leader..........................................................................................................................................33. Analysing roles and responsibilities of management and leadership with support of theory.44. Strengths and weaknesses of leadership and management.....................................................55. The impact of managers and leaders on organisation.............................................................6Task 2...............................................................................................................................................71.The key operations of organisation..........................................................................................72.Define each key operations functions......................................................................................73. Key operational approaches to management and its value.....................................................84. External factors affecting Toyota............................................................................................95. Improving operational efficiencies by meeting businesses objectives.................................10CONCLUSION................................................................................................................................1RECOMMENDATIONS.................................................................................................................1REFERENCES................................................................................................................................2
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INTRODUCTIONManagement operations is a procedure including planning, organizing, managing,controlling and supervising production and manufacturing process. Toyota is a Japanesemultinational automotive manufacturer established in 1937 by Kiichiro Toyoda. Its head office isin Toyota city, Aichi, Japan. It ranks second as car manufacturer company (Haksever andRender, 2018). Its first car passenger car was introduced in 1936. Toyota produces five brands ofvehicles i.e. Toyota brand, Hino, Lexus, Ranz and Daihatsu.This report will show brief introduction on management structure of Toyota anddifferentiate the role of leader and function of manager. It will analyse its different role byapplying various theories. It will show the impact of management and leaders on operationalpractices of Toyota with some future improvements. Report will also analyse external factorsaffecting the business. Task 11. Introduction of Toyota and its management structureToyota Company was established in 1937. Toyota is one of the best leading auto mobilecompanies in world. Toyota is well-known for cars but it still has textile firm and makecomputerized automatic looms, and its electric sewing machine is also available in world. Toyotais world's first auto mobile manufacturer in 2012 for producing more than 10 million vehicleseach year since 2012, and when it also announced the production of 200-millionth vehicle. Anorganisation has total approx. 369124 employees. During the financial year 2018, businessentity has earned net income of ¥2,586,106 million. Turnover of company during 2018 was¥2,399,862 million. Few countries where Toyota motor company is operating business isAustralia, Europe, Bangladesh, Japan, Indonesia, India, south Korea, South Africa etc. Thebiggest competitors of Toyota are Ford, General motors, Hyundai, Volkswagen , BMW etc. This tall structure helps to illustrate the management structure of Toyota company whichis important to achieve the organisation's aim by defining activities like task allocation, co-ordination and supervision. To obtain an attainable competitive benefit the management structureneeds to be very efficient, flexible, innovative and caring. The management can be structured invarious ways i.e. high level management, middle level management and low level management.1
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Upper management- This management consists of all senior-level managers in Toyotacompany. This management team has all seniors like Chief Financial officer, Chief operatingofficer and chief strategy officer working together. They are the shareholders of Toyotacompany. They are known as administrators or brain of the company.Middle management- The middle management of Toyota company consist of The departmentalhead(HOD), Branch managers, and junior executives. The junior Executives are at post ofAssistant finance manager, Assistant Purchase manager etc. They have limited authority andresponsibilities. They act as a mediator between Top and low management.Lower Management- The lower level management consists of assistant managers, supervisors,leaders etc. Lower managements guides the other team members. They act a link betweenemployees and middle management. They update the middle management about the problems,demands, grievances etc. of the employees.2. Comparison between Role of managers and leaders. Leader is the one who creates motivational vision to encourage the employees of thefuture. While keeps engaging the other members in same vision by inspiring and encouragingthem (Slack and Brandon-Jones, 2018). Managers is the one who knows well about the individuals aim to reach company goalsas well as their own personnel goals and helps the individuals to work on their weakness andexploring strengths (Chiarini, 2015).ManagerLeaderManager creates goals by focusing on setting,regulating and attaining goals. Leaders creates vision of in form of a pictureand present it to other team members to makethem understand about the task on which theywill be performing. While inspires andencourage them to turn that clarity into reality.2
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