Improving Organisational Performance: Toyota. Ford Motors - Assignment Example

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­­­­­­­­­­­­­­Improving Organisational Performance Table of Contents Table of Contents 2 Introduction 3 Business Case for Performance Management at Toyota 4 Business Case for Performance Management at Ford Motor 6 Difficulties, Challenges and Implications Encountered By the Performance Management in Toyota 9 Difficulties, Challenges and Implications Encountered By the Performance Management in Ford 11 Mitigating the Challenges Faced by Toyota 12 Mitigating the Challenges faced by Ford 13 Limitations of the Proposal 14 Conclusion 16 References 17 Bibliography 22 Introduction In this era of industrialisation, the social and economic advancement of the individuals within a society …
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Download file to see previous pages This can be possible only with the accomplishment of employee objectives with shared values encompassing that of the organisation at large. It is also known as the process which is utilised in order to enhance the performances of the employees by developing a uniform organisational environment. Performance management not only concentrates on the enhancement of organisational productivity, but also emphasises over a particular department or a process. This process is entirely utilised in organisations in order to enhance the effectiveness and skills of the employees resulting in intensification of both individuals as well as organisational productivity. ...
The objective of this assignment is to highlight the importance of performance management system in both Toyota Motor Corporation and Ford organisation. Moreover, it also focuses on the key factors of both Toyota and Ford Motor, which are responsible for enhancing the level of performance perceived by the employees. It also highlights the varied challenges faced by these organisations due to the implementation of performance management approach along with suggesting certain resolving techniques. Business Case for Performance Management at Toyota Toyota Motor Corporation (TMC) is a reputed multinational vehicle manufacturing conglomerate in the global scenario. It was developed in the year 1924 by Sakichi Toyoda. The head office of Toyota is situated in Japan. It is a spin-off from the parent organisation and operates in more than 160 countries all round the globe. In addition, it is the leading vehicle manufacturing organisation of Japan comprising of more than 40 percent of the total market share in this segment. Notably, it was able to earn total revenue amounted to ? 18.99 trillion along with a profit margin of ? 408.18 billion within the first quarter of 2011, which certainly enhanced its corporate image and brand port folio amid the market investors. Toyota is one of the market leaders in the global automobile sector. In order to preserve its leading position, it frequently attempts to offer varied types of innovative products to its customers in order to enhance their rate of dependency and loyalty. It would also help in lowering the switching cost of the customers, leading to the reduction of business risks. This can be attained only through team effort and dedication of the employees. The management of ...Download file to see next pagesRead More
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