Organizational Evaluation Of Toyota Motor Corporation Report (Research Paper Sample)
The success of an organization depends heavily on its structure, strategies, and culture. In this assignment, you will develop an understanding of the importance of these elements in the success/failure of an enterprise.
This assignment is the first of the two LASA assignments you will complete in this course.
Using the Argosy University online library resources and the Internet, research methods of conducting internal and external environment analyses. Select at least three (3) scholarly sources to support the information in your report.
Description of LASA:
In this assignment, you will assess an organization's current position in the internal and external environment.
You have been hired as a consultant to evaluate the performance of a manufacturing or service organization. As part of your function, you need to assess the organization's current position with regard to their business operations, strategy, and organizational structure, as well as identify potential ethical issues management may face. The executive management team has asked you to submit a report of your findings.
Choose a publicly traded manufacturing or service organization to be the subject of your work for LASA 1 and LASA 2. (You should choose a different organization than you have used for previous assignments.) Select an organization about which there is an abundance of information made readily available to the public (via the corporate website, industry publications, business journals, etc.).
In preparation for your report, conduct your review of the organization using the following approach:
Evaluate the company's business strategy and global competitiveness plan.
Conduct an internal assessment using SWOT analysis.
Assess the external environment via an external scenario evaluation.
Sketch the company's organizational structure.
Using the tools of business process design, define the organization's business process.
Identify any potential ethical issues that may impact the traditional management functions of the company and recommend preventative measures.
Utilize at least three sources in your research. Your document should be written in a clear, concise, and organized manner; demonstrate ethical scholarship in accurate representation and attribution of sources; and display accurate spelling, grammar, and punctuation.
Organizational Evaluation of Toyota Motor Corporation Report
Contents TOC \o "1-3" \h \z \u Introduction PAGEREF _Toc527669959 \h 3Organizational analysis of the company PAGEREF _Toc527669960 \h 4Business strategies and world competitiveness plan PAGEREF _Toc527669961 \h 4Leadership strategic cost PAGEREF _Toc527669962 \h 5Strategy for product differentiation PAGEREF _Toc527669963 \h 5The company's internal assessment PAGEREF _Toc527669964 \h 6SWOT analysis PAGEREF _Toc527669965 \h 6The company's external environment PAGEREF _Toc527669966 \h 8Organizational structure PAGEREF _Toc527669967 \h 9Toyota company business processes PAGEREF _Toc527669968 \h 10Ethical consideration PAGEREF _Toc527669969 \h 11Conclusion PAGEREF _Toc527669970 \h 11References PAGEREF _Toc527669971 \h 13
The globalization Toyota Motor Corporation Company has enabled it to expand beyond domestic boundaries. Sometimes back, local organizations were limited to operate with the boundaries of the local market. many organizations across the expanded internationally in different geographies as a result of technological advancement, internationalization, and globalization. The world we are living in today is characterized by tight competition among organizations that deal with manufacturing products among other goods and services. To overcome local market competition challenge, organizations are now focusing on the global market with the establishment of strategies that enable companies and organizations to venture into new world markets.
The major factor that affects organizational growth in the international market is how the organization manages its internal and external environment. Controlling over and focusing on the internal business environment like employees strength and relation and external environmental factors like global competition are among the strategies employed by multilateral organizations which develops their strategies for growth. Allowing employees' participation in decision making and the competence of the management team are among the internal environmental factors that enable the direct involvement of organizations (Liker & Convis, 2012). On the other hand, market sentiment and performance of the competitors are among the external environment that is not under direct control of the organizational management. For future strategy development for growth, organizations are required to analyze both internal and external environmental factors which enable organizational growth and development. This paper, therefore, reviews the external and internal factors of Toyota Motor Corporation organization that affects its growth.
The report provided herein is on the Toyota Company which is among the manufacturing high-quality automobile vehicles across the world. The best managerial features the company is known for its quality management principles and philosophies. The company has a proper record in enhancing employees' strength, learn management and total quality management, the positive qualities for company development. The best-recorded performance of the Toyota Motor Corporate Company across the world. The success of the company could be attributed to the company's internal capability and enhancement of its external control (Rother, 2010). As discussed herein, the paper presents the Toyota Motor Corporate Company's organizational structure, the organizational internal factors for success, while analyzing the external environment of the company and how it operates in different parts of the world.
Organizational analysis of the company
Toyota Motors Corporate Company is an automobile manufacturing company based in Japan. The company was founded in 1973 to provide automobile products in Japan and across the world. Toyota has recorded an excellent service provision which includes vehicle products for the customers globally. This company has established its bases in most developed countries like the US and Europe. It has also shown greater interest in market enhancement in developing countries like India and China. The company has provided employment to over 30,000 employees all over the world. The organizational function of the Toyota Motors Company that has enabled its success in the market is based on strategic management. From this perspective, we can discuss the strategic and global competitiveness plan of the company in the world environment from the following point of view:
Business strategies and world competitiveness plan
Strategic management of any organization may take two approaches which mainly include inside-out strategic management approach and outside-in strategic management approach. Inside-out strategic management approach of the Toyota Motors Company focuses on internal capabilities, the strength of the employees, core competence of the organization's management. On the other hand, the outside-in organizational management strategic plan focuses on the external environment of the company which mainly include competition and analysis of the product market. The products produced by companies or organizations that focus on outside-in strategic plan approach develops products on the basis of the competitor's products.
Over the years of the Toyota Motors Company operation, the company has been employing inside-out strategic management approach that has enabled its evident growth in the global market. for the development of the company's product, the company basis its production on organizational internal capabilities and innovations. The employees' innovation and creativity heavily influence the success of the company. The Toyota Motors Company management realizes the potential of its employees as the biggest company's asset (Rother, 2010). The company's management provides the employees with opportunities to develop new ideas and innovations toward the company's development.
The automobile industry has been experiencing a high competition in the global market. The industry has a large number of participants. An organization can decide to follow any of these two types of high-level business strategies;
Leadership strategic cost
Strategy for product differentiation
Toyota Motors Company employs a combination of these two strategic forms in different geographic locations to serve different customer's needs. The Toyota Motor Company uses cost leadership strategies while it uses product differentiation strategy in other regions. The company has to consider its internal and external business environment to decide on the form of business level strategy to use in a given region or country. Other factors to consider while deciding on the type of business strategy to use by a company include market sentiment, customer's prefere...
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