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Toyota Motor Corporation Business Analysis

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Toyota Motor Corporation is one of the leading automotive manufacturers in the world. The headquarters of the company are located in Aichi, Japan. The company was founded by Kiichiro Toyoda in August 28, 1937. According to a survey in 2013 the corporation consisted of 333,498 employees worldwide and was ranked as twenty-fifth largest company in the world by revenue. The revenue of the company is 397.05 billion yen (as of May 2014). The company has 56 manufacturing plants across six Introduction continents and produces 5.5 million (approx...) vehicles per year. During the 1990s Toyota motors began to experience rapid growth and expansion. Due to this expansion, problems originated and the exchange of information and resources across the company …show more content…

Toyota motors have a strong organization culture. The company believes in being ethical in the business sense as well as the social sense. The company management believes in diversification, so that, they can represent different faces at Toyota i.e. minorities. The company hires talented individuals and no stereotypical assumptions are apparent at Toyota. Socially, Toyota depicts a positive corporate image. Toyota quotes, "We believe in helping people improve the quality of life in their communities. We work with organizations, schools, universities, and other businesses to support programs that help make our world a better place." These principles are practiced across the Japan and all other countries of the world. Work force diversity The customers of Toyota motors are spread all over the world. Understanding this fact the company promotes the diversity in their workforce. By increasing diversity, the company is able to think from the perspective of the people of that particular region, which allows them to make good decisions. The company also locates highly talented minority candidates at attractive posts so as to present the image that they are minority …show more content…

Further the company is trying to speed up the process of decision making by using the advancement in technology. Since Toyota motors supports creativity and innovation, these parameters are also undertaken during decision making. The company also tries its best to make decisions that are customer oriented. Human resource management Toyota motors are really concerned about human resource development. The company feels that by training and educating their employees, they will be better able to compete globally. In this regard a summary of the steps taken by the company is given, 1. Build an environment that allows the employees to work with vitality. 2. Create framework for promoting continuous improvement. 3. Develop human resources that are capable of responding flexibly, quickly and sincerely to changes in environment. 4. Promote teamwork with an eye towards overall optimization as an organization. 5. Trying to create opportunities for fuller dialogue between management and employees. Organization

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