MANAGEMENT OF INFORMATION TECHNOLOGY1 Table of Contents Executive Summary.........................................................................................................................3 Introduction......................................................................................................................................3 Toyota- Overview........................................................................................................................3 Vision.......................................................................................................................................4 Mission....................................................................................................................................4 Strategies of Toyota.................................................................................................................5 Major operations of Toyota.....................................................................................................5 Stocks information...................................................................................................................6 Collaboration with stakeholders..................................................................................................6 Collaboration Technology...........................................................................................................6 Email............................................................................................................................................7 Importance of E-mail for Toyota.............................................................................................7 Universality..................................................................................................................................8 Mass Communication..................................................................................................................8 Instant messaging.........................................................................................................................8 Importance of instant messaging for Toyota...........................................................................8 Wikis............................................................................................................................................9 Video conference.........................................................................................................................9
MANAGEMENT OF INFORMATION TECHNOLOGY2 Importance of Videoconferencing for Toyota.........................................................................9 File share....................................................................................................................................10 Importance of File share for Toyota......................................................................................10 Conference calls.........................................................................................................................11 Importance of Conference calling for Toyota.......................................................................11 Recommendations..........................................................................................................................11 Conclusion.....................................................................................................................................12 References......................................................................................................................................13
MANAGEMENT OF INFORMATION TECHNOLOGY3 Executive Summary This report will discuss the Collaboration technologies used by business to interact with their stakeholders. Collaboration is an effort of individual or groups to achieve a desired goal or task. Collaboration in an organization consists of the efforts of individual or group to contribute to the task. In an organization, collaboration ability is increasing as it is important for the applications of business. If companies want that their workforce to perform faster, smarter and to increase the productivitytheyneedtoimplementcollaborativetechnologiesintotheirprocesses. Collaboration platforms help employees to create different ways of performing their job. These technologies are available from last many years. Toyota Company has been selected for this report and report will explain the importance of collaboration technology for Toyota Company. Introduction Toyota- Overview Source [http://www.carlogos.org/Car-Logos/Toyota-logo.html]
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MANAGEMENT OF INFORMATION TECHNOLOGY4 Toyota Motor Corporation (TM) is known as the largest automaker in the world. In 1937, the auto industry of Japanese was established. Kiichiro Toyoda is the founder of the company and the name of the company also came from its family name (Parker, 2016). A successful businessman of Japan who invented an automatic loom in manufacturing company. Commercial vehicles, automobiles, engines and luxury vehicles are the products Toyota deals in. Production car line up of Toyota- Commercial Vehicles involve REGIUSACE, HIACE (for Europe), COASTER and HIACE. Mini Van involves NOAH, VELLFIRE, ESQUIRE, ALPHARD, VOXY,andESTIMA.SUVinvolveLANDCRUISER70,LEXUSLX570andLAND CRUISER 200. Special purpose vehicles involve Load labor-saving vehicle, Container van, Hiace can with powerlifter and Freezer/refrigerator vehicle (Toyota Auto Body, 2017). Vision The vision statement of Toyota Motor Corporation shows their long-term strategies in the automobile industry. The vision of Toyota states that the aim of the company is to attain leadership position across the world. It also states that Toyota is regularly moving forward towardprovidinggoodquality,newandinnovativetechnologyvehicles,protectingthe environment. Therefore, corporate social responsibilities are included in the vision statement of Toyota (Greenspan, 2017). In addition to this, they also focus on the development of the human resource. Therefore, the vision statement of Toyota is holistic as it involves strategic goals for global leadership, development of human resource, corporate social responsibility, and quality of the product. Mission The mission statement of Toyota is focused towards products. The first priority if Toyota is the expectations and preferences of their customers, possibly depends on market research and trends.
MANAGEMENT OF INFORMATION TECHNOLOGY5 The mission statement is consist of the strategic actions, it also highlights the product quality, with reference to the safety and satisfaction of the customer. In addition to this, the mission statementofToyotaidentifieseducationoftheemployeesisthepaththatfollowsthe development of human resource. Besides this, the Toyota mission statement states that company upholds their promises of technological innovation. Innovation is the factor that helps the company to achieve their aim of corporate social responsibility, customer satisfaction, and product quality. Toyota wants to provide a good experience to their customers by providing good quality and safety vehicles which will result in customer satisfaction. They are also focused towards increasing the market share of their company. Strategies of Toyota Price of the Toyota vehicles is according to the segment. They divide their market into the different segment and according to that, they manufacture their vehicles. Toyota also adopts product diversification strategy according to technology and customer preferences. Major operations of Toyota The headquarters of the Toyota Motor Corporation is in Aichi prefecture in Toyota city of Japan. In the journey of Toyota, they have seen many ups and downs. The entry of Toyota Company in the US market was in the year of 1957, with their Japanese passenger cars. The Toyota Company is majorly in the manufacturing and selling of vehicles and spare parts all around the world. Presently,thecompanyisoperatingin28countrieswith58overseascompaniesof manufacturing worldwide. In addition to this, the vehicles of Toyota are sold in more than 170 countries. In 1937, Volkswagen the European auto giant and Toyota a Japanese automaker were
MANAGEMENT OF INFORMATION TECHNOLOGY6 founded. However, this was late as compared to the foundation year of General Motors in 1908 and Ford in 1903 (Toyota-cho, 2017). Stocks information In the list of Forbes world’s largest companies of 2015, Toyota was ranked at 11thposition. The ranking was based on the profits, market value, revenues, and assets of different companies. Toyota is registered on numerous Japanese stock exchanges. From all the stock exchange the most famous exchange is Tokyo Stock Exchange. Collaboration with stakeholders According to the heads and managers of Toyota if they want to be a part of sustainable development than they have to corporate and interact with their stakeholders. Therefore, the process of interacting with the stakeholders should be given more importance. For this, they took a decision of maintaining a healthy relationship with the stakeholders by promoting effective communication that should be open and fair. Along with the decision of interacting with the stakeholders they give first priority to their stakeholders (Toyota Motor Corporation, 2017). Further, Toyota allows their stakeholders to be the part of the project of sustainable development. Some of the ways through which Toyota communicate with its stakeholders: At all the manufacturing and production sites of Toyota, they conduct dialogs with local people. With employees, they conduct Roundtable conference. Study meeting with the partners of the business.
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MANAGEMENT OF INFORMATION TECHNOLOGY7 Collaboration Technology Toyotamotorshaveavariedchoiceofthecommunicationprocessandcollaboration technologiesthroughwhichopinions,ideas,perceptions,andfeelingaresharedbetween employees and other stakeholders. Some of the collaboration technologies are: Email Toyota Motors use E-mail for interacting with their stakeholders so that communication gap can be eliminated and work can be done without any hindrance. The process of the transferring the computer-based messages through telecommunication is known as E-mail. The messages of E- mail are generally encoded in ASCII TEXT (Rouse, 2013). Though non-text files can also be sent as an attachment, like sound files and graphic images, these are sent in binary streams. People use to operate internet for the sake of E-mail and still it is very famous. E-mail involve a high percentage of traffic on the Internet. E-mail can be exchanged between networks and online service provider users. E-mail can be transferred to the group of people and even to an individual (Digital Unite, 2017). Importance of E-mail for Toyota Immediacy- E-mail is delivered very fast, it does not take much time to inform about an event to the receiver, whether the receiver is at the place nearer to the sender or away from the sender. It helps in exchanging important information very fast (Storm, 2017). Through E-mail, the flow of information in Toyota Motor does not stop and it helps them in increasing the production. Further, employees and executives provide quick response to any problem or issue. Low costs- One of the cheapest ways of communication for Toyota is E-mail. As compared to printed files of information e-mail is very cheap and affordable.
MANAGEMENT OF INFORMATION TECHNOLOGY8 Record Keeping- The messages of e-mail remain in the inbox of the user unless deleted. It is a virtual paper trail which is more useful than printed documents. Universality-Twitter and Facebook are more popular as compared to email but most of the business use email for communication. Email is very safe as data or information are delivered to another email address that can be easily detected in case of fraud or theft. Further, people have to provide their email account details while doing online shopping, online bill payment, banks, etc. (Silva, 2017) Mass Communication- Email has many advantages as compared to other social networking sites such as Facebook, Twitter, etc. but one of the key advantages of email is that it transfers information to a group of people without revealing their identities to each other. It also saves time of the business of sending same message or information to different people. Instant messaging When a single conversation held in the Internet-based chat room and two-person participate in the form of text-based communication over their mobile device or computer is known as instant messaging. IM is different from ‘Chat" as in chat person communicate with many people in a chat room and everyone can see what is being said on the channel. Normally, instant messaging is used to achieve two goals: observing the reason of sending presence-based alerts to the operators in messaging and chat room. To observe the existence the software depends on the server (Larson, 2017). Importance of instant messaging for Toyota Instant messaging plays important role in Toyota Motors as it make the conversation easy and fast. Through this collaboration technology, employees send messages to each other and receive an instant response without face to face conversation. It also creates a virtual conference without
MANAGEMENT OF INFORMATION TECHNOLOGY9 the presence of all the team members at one place (Root, 2017). With the virtual conference, people are able to talk with multiple people, can share their opinions and ideas. Further, IM is also important for Toyota because it helps its management to talk with the employee went out of the town or on a trip. Wikis Wikis is a website which offers collaborative editing of the content in it and its structure by its user. Wikis word came from a Hawaiian word "wiki wiki," it means fast. Hyperlinks are supported by wiki and it supports hyperlinks and it requires simple text composition for making new pages. Example of the large wiki is Wikipedia, it is an encyclopedia provide data in different languages that can be edited by anyone. One of the key major importance of wiki is that it involves collaborative editing by the users (LeBar, 2017). Video conference A visual, live association between two or more people belong from different locations for communication with each other is known as Videoconference. It enables visual communication between two and more people with this it also provides facility full-motion video images and good audio quality between various locations. Services like Skype of Microsoft, Face time of Apple and Hangouts of Google have made video conferencing pervasive on desktops and on mobile devices with camera feature (Rouse, 2017). In the world of business, video conferencing plays an important role as it makes the communication easy between different business and their units. Most of the business make a separate room for video conferencing for conducting a meeting or taking important decisions. Business can make conference room with minimum investment in infrastructure (True Conf, 2017).
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MANAGEMENT OF INFORMATION TECHNOLOGY10 Importance of Videoconferencing for Toyota Increase efficiency- The importance of video conferencing is that it increases the efficiency of the Toyota Company. Managers of the business express their ideas and thoughts immediately at the time of video conferencing it reduces the time duration taken to make decisions and collecting ideas. Positive communication- Video conferencing is a good technology used by Toyota Company to enable smooth communication amongst the participant. Video conferencing provide a clue about the body language, expressions, and movement of the participants (Eztalks, 2017). Cost effective- Video conference results in reduces the traveling expenses of Toyota Company. The company uses video conferencing to have a face to face communication with their customers or providers about business and collaboration. File share While working online we have many files which we want to share with our colleagues and managers. Attachment is very popular in e-mail but the size of the file is restricted, we cannot send files of big size. In place of filling the email inboxes, we can use different tools of file sharing with the facility of storage for tracking the transfers (Smith, 2014). These tools are cost- effective and files can be uploaded easily to share with colleagues and managers. Importance of File share for Toyota Great results- Importance of File share is that it make work easy and helps in bringing great results as it enables the sharing of ideas, thoughts, and imaginations in the form of a file (IPRO, 2016). Toyota Company receives good results by using file share collaboration technology as it increases the efficiency of the business, increases their speed of working and decision making.
MANAGEMENT OF INFORMATION TECHNOLOGY11 Encourage-Anotherimportanceoffileshareisthatitincreasesconfidenceamongthe employees for innovation. Toyota Motor is very famous for its innovative services, technologies, and designs of cars. This collaboration technology help in transferring concepts or ideas of humans generates in last few millennia. Conference calls When three or more than three people talk on a phone call is known as conference calling. Conference calling help people to conduct a meeting on phone calls with people from different locations to complete their work faster (Web Finance, 2017). Through conference calling people can talk to anyone at any time and place, it is beneficial for business with remote workers, business with multiple offices or with clients of different locations, as it offers people and business to stay connected everywhere. Conference calling reduces the expenses of traveling, it is very flexible and cost-effective. Further, the conference call is very helpful for last minute meetings, it helps people to work from anywhere and anytime (Powwow Now, 2017). Importance of Conference calling for Toyota Benefits- Conference calling save money and time of the business. Toyota use conference calling to interact with its stakeholders to save time and money, it also facilitates fast completing of job or work. Types- Conference calls provide the facility of interaction between three people such as manager, salesperson and their client (Joseph, 2017). It can be used by Toyota to inform its employees about any changes in the system or about the meeting.
MANAGEMENT OF INFORMATION TECHNOLOGY12 Recommendations Toyota Motors is known for its innovations in the automobile industry, they should create their own application so that people can know more about their innovations and creations. With this application, people will provide their feedback and experiences with the cars they purchased. This application can involve a feature of innovative and creative ideas in which people and employees of Toyota can provide their ideas for innovation and improvement. Conclusion Toyota Motor is a well-known company in the world. To reach this position they have done a lot and given their best efforts, with this they have seen many ups and downs but still their dedication helped them to be the world number one company in the automobile industry. They focus on providing different and innovative services and technologies to their customers. They are known for their innovation in the automobile industry. Further, the prices of Toyota Company are according to the different segments of their customers so that all their customers or target audience can avail the product and services offered by the company. Toyota Company uses different collaboration technologies to interact with all their stakeholders to be connected with them and inform them about changes and innovations. Collaboration technologies like e- mail, wiki, video conference, file share, conference calls and instant messaging. These technologies helped Toyota Company in increasing their efficiency and speed of work. Managers of Toyota Company interact by using these technologies to make instant and immediate decisions about important events.
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MANAGEMENT OF INFORMATION TECHNOLOGY13 References DigitalUnite,2017,Whatisemail?Accessedon:30November2017,Accessedfrom: https://www.digitalunite.com/guides/email/what-is-email Eztalks, 2017,The Importance of Video Conferencing in the Business World, Accessed on: 29 November 2017, Accessed from:https://bizfluent.com/info-7816540-email-important-business- communication.html Greenspan, R., 2017,Toyota’s Vision Statement and Mission Statement Analysis, Accessed on: 30November2017,Accessedfrom:http://panmore.com/toyota-mission-statement-vision- statement-analysis IPRO, 2016,The importance of file sharing and collaboration in your business, Accessed on: 29 November2017,Accessedfrom:https://www.ipromedia.us/importance-file-sharing-and- collaboration-business/ Joseph, C., 2017,The Importance of Business Conference Calls, Accessed on: 30 November 2017,Accessedfrom:http://smallbusiness.chron.com/importance-business-conference-calls- 718.html Larson, G.W., 2017,Instant messaging (IM), Accessed on: 30 November 2017, Accessed from: https://www.britannica.com/topic/instant-messaging LeBar, Z., 2017,What Are Wikis, and Why Should You Use Them?Accessed on: 30 November 2017,Accessedfrom:https://business.tutsplus.com/tutorials/what-are-wikis-and-why-should- you-use-them--cms-19540
MANAGEMENT OF INFORMATION TECHNOLOGY14 Parker, J., 2016,Overview: All You Need to Know about Toyota Motor Corporation, Accessed on: 30 November 2017, Accessed from:http://marketrealist.com/2016/05/overview-need-know- toyota-motor-corporation/ Powwow Now, 2017,What is conference calling?Accessed on: 29 November 2017, Accessed from:https://www.powwownow.co.uk/conference-call/what-is-conference-calling Root, G.N., 2017,Advantages & Disadvantages of Instant Messaging in Business, Accessed on: 30 November 2017, Accessed from:http://smallbusiness.chron.com/advantages-disadvantages- instant-messaging-business-21284.html Rouse, M, 2017,Video conference (video conferencing), Accessed on: 29 November 2017, Accessed from:http://searchunifiedcommunications.techtarget.com/definition/video-conference Rouse, M., 2013,E-mail (electronic mail or email), Accessed on: 30 November 2017, Accessed from:http://searchexchange.techtarget.com/definition/e-mail-electronic-mail-or-email Silva, B.D., 2017,Why Is Email Important in Business Communication?Accessed on: 29 November 2017, Accessed from:https://bizfluent.com/info-7816540-email-important-business- communication.html Smith, G., 2014,22 File-Sharing Tools for Easy Collaboration, Accessed on: 29 November 2017, Accessed from:http://mashable.com/2014/03/06/file-sharing-tools/#i2x4RM6iGPqz Storm, L., 2017,Why Is Email Important in Business Communication?Accessed on: 30 November2017,Accessedfrom:https://itstillworks.com/email-important-business- communication-1643.html
MANAGEMENT OF INFORMATION TECHNOLOGY15 Toyota Auto Body, 2017,Products Line-Up, Accessed on: 30 November 2017, Accessed from: http://www.toyota-body.co.jp/english/products/ Toyota Motor Corporation, 2017,Stakeholder Engagement, Accessed on: 30 November 2017, Accessed from:http://www.toyota-global.com/sustainability/society/stakeholder/ Toyota-cho,2017,ToyotaMotorCorporation-CompanyProfile,Information,Business Description, History, Background Information on Toyota Motor Corporation, Accessed on: 30 November2017,Accessedfrom:http://www.referenceforbusiness.com/history2/63/Toyota- Motor-Corporation.html True Conf, 2017,What is Video Conferencing?Accessed on: 30 November 2017, Accessed from:https://trueconf.com/what-is-video-conferencing.html Web Finance, 2017,Conference call, Accessed on: 30 November 2017, Accessed from: http://www.businessdictionary.com/definition/conference-call.html