Operation Management of Toyota Ltd.

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Management and Operations
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1TASK 1...........................................................................................................................................1P. 1. Introduction to Toyota manufacturing Ltd. and its management structure.....................1TASK 2............................................................................................................................................5P2. Analysis the different roles of management and leadership in application of differentbusiness context.........................................................................................................................5P3. Application of different theories and models or approach...................................................6TASK 3............................................................................................................................................7P4. Key approachers to operational management and the role leader or manager play..........7P5. Importance and value of operational management in accomplishing desired businessobjectives....................................................................................................................................9TASK 4............................................................................................................................................9P6. Assessing the factors within business environment that has effect on the operationalmanagement decision taken by leaders or managers.................................................................9CONCLUSION.............................................................................................................................11REFERENCES..............................................................................................................................12
INTRODUCTIONManagement can be defined as distinct procedure which includes planning, organising,,and controlling. It is the business functions which is performed in order to accomplish desiredobjectives. An effective management and operations both are essential in order to drive anenterprise towards success. Operation management can be defined as administration of businesspractices which is done for creating a higher level of efficiency within a firm. It is the businessprocedure which is mainly concerned with converting raw material as well as labour intoproducts or services for maximising profit. Operation management is the business activity whichis mainly concerned with designing of business operations as well as controlling production.Proper operational management is important for smooth functioning of business.The study will have focus on analysing the difference between role as well ascharacteristics of manager or leaders in an enterprise in context of Toyota Motor manufacturingLtd. UK. It is basically a multinational company operating business in auto mobile industry.Report also emphasizes on identification of different approaches to operational management.TASK 1P. 1. Introduction to Toyota manufacturing Ltd. and its management structureToyota was established in 1937. Toyota has been able to establish leading position in themanufacturing auto mobile industry. Business entity manufacture as well as offers cars tocustomers. Toyota is a first company in Auto mobile sector which has manufactured andproduced approx. 10 million cars in 2012 . In enterprise has also made announcements that it willmanufacture 200 million vehicles every year. There are approx. 369124 workers working inToyota company. The net income of Toyota during the year of 2018 was¥2,586,106 million(Slack and Brandon-Jones, 2018). In addition to this, business entity during the year 2018 hadturnover of ¥2,399,862 million (Chiarini and Brunetti, 2019). South Korea, Europe, India, Japanand Indonesia are few nations where Toyota company is operating business. BMW, Hyundai,Volkswagen, General motors Ford are few companies given stiff competition to Toyota.Toyota company has tall as well as hierarchical management structure which hasprovided firm an ease in accomplishing desired business objectives. Toyota company has manymanagement layers as well as long chain of command. All the important business decisions aretaken by senior management in an enterprise. Each functional unit in Toyota consist ofdepartmental head which is mainly responsible for managing the activities of employees working
in specific department. It is the duty of senior manager in each functional division to provideperformance report to senior level management at regular interval of time. In context ofhierarchical structure, head of each department have the authority to make decisions related toworkers working in specific functional unit. The structure of Toyota consists of different layersof management these are :Upper level management:In context of Toyota the upper level of management in anorganisation comprises directors, CEO, chief strategy officer, chief financial as well asoperational officer who combine as well as through discussions make combine decisionfor firm.Middle level management:The departmental head, juniors executive and branchmanagers are the part of Middle management layer of management structure of Toyota.The persons which falls under the category of junior executive include assistant purchaseas well as finance manager etc. In context of Toyota, employees working at Middle levelmanagement are provided with authority to some extent only and they also have only fewresponsibilities to fulfil. Workers working at middle level management in Toyota act asmediator between top as well as lower level management (Fargani, Cheung and Hasan,2018.).Lower level management:Employees those who generally works at lower level ofmanagement In Toyota are supervisors, assistant managers. Workers working at lowerlevel of management act as mediator between workers as well as middle levelmanagement. The role of employees working at lower level of management is to performtheir tasks according to the instruction as well as guidance given by top as well as middlelevel managers.
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