Toyota Motors Corporation: A plan for organizational performance Improvement

Type :

Term papers

Pages :

8 pages

Format :

.doc

Published date :

05/31/2009

Category :

Business & market

Sub category :

Management

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Summary :

Executive summary
Introduction
Toyota Motors Corporation in perspective
Analysis of Toyota Motors Corporation
Ways to improve organisational performance
Implementing the blue ocean strategy
Human resources
Understand and learning the organization
Conclusion and recommendation
Bibliography

Abstract

Change is pervasive not only in people's individual lives but also in business organizations. Change is inevitable; it is also one of the constants in this world. Change will happen. Management theories emerged as a result of change - from the scientific management to centralized organization; from decentralized management to empowered workforce; and from knowledge management to learning organization. In order to protect its current status, toyota motors corporation, as they say, must run faster to stay in place. First and foremost, it must embrace change whole heartedly - this means the entire organization as a whole rather than its parts individually.
The above changes unfortunately results in more cutthroat competition, not only in the automobile industry but in other industries as well. toyota, one of the most admired companies in the world, had thrived on changes and the challenges they bring.
toyota motors corporation all throughout its history - from Kaizen to toyota Production System to further Kaizen - has strived not only to maintain its current market position, but to improve it as well. A testimony to the success of these efforts is toyota's inclusion as one of the top ten Fortune Global 500 companies by Fortune Magazine in 2003. However, a review and analysis of the macro environmental factors currently affecting and will surely affect the future of the automobile industry shows that toyota's current strategy is no longer enough for it to defend its market position. In 2008, for the first time in five years, its net operating income as a percentage of net revenues declined to 8.6 per cent. Other financial indicators such as return on equity and return on assets also declined during the year. Such decline, unfortunately, looks not an aberration but that it could happen again.