Strategic Development of Managing Global Talent - Essay Example

Comments (1) Cite this document
Summary
In the paper “Strategic Development of Managing Global Talent” the author analyzes some policies and philosophies of Toyota Motor Corporation, which aims at achieving consumer satisfaction in the use of their products. They do not only build cars, but people too…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.7% of users find it useful
Strategic Development of Managing Global Talent
Read TextPreview

Extract of sample "Strategic Development of Managing Global Talent"

Download file to see previous pages The first principle is that, the company should base its management in the decisions based on the long-term philosophy, even at the expense of short-term financial goals. This shows that the company development and training are given a priority to other matters in the organization. Moreover, the company has realized that the standardized processes are the foundation for continuous improvement. This forms their second principle, which is applied to talent development through standardized work and job instruction during training. In addition, the company encourages the growth of leaders who done thoroughly understand their work while at the same time encourage the leaders to teach the philosophy to other employees. This will play a major role in ensuring that the employees are well aware of their job demands and will therefore give favorable to their supervisors. It also encourages in job training, which aims at instilling new skills to the employees to gain quality production.
Furthermore, Toyota Motor Corporation has a policy to develop exceptional people and teams who will follow the company’s philosophy and policies. This is done through retaining the best talent and training the emerging talent so that they can all achieve a certain objective. This is mainly done in line with the company’s strategic management objectives. The company also respects their suppliers by challenging them and helping them improves. This demonstrates a holistic approach to talent management....
All the above criteria will be used in the relation to the advantage of management capital, human capital, social capital, and the organization capital (Hancock, 2003, p.3). Aims and Objectives The Toyota motor corporation uses some policies and philosophies, which aims at achieving consumer satisfaction in the use of their products. One of their greatest policies and philosophy is that they do not only build cars, but people too. This is realized in the importance of their quality cars, which play a great role in offering transport to the people. However, the corporation faces a challenge in their management that is brought about by the managers. This occurs in that the managers want to play more roles in the management than in teaching. Teaching is the fundamental of all management as it involves instilling new ideas to the people that is the employees of the organization. This led to the company to employ the 14-point model of operations of which 6 points relate to the development of talent. The 14-Point Model The first principle is that, the company should base its management in the decisions based on the long-term philosophy, even at the expense of short-term financial goals. This shows that the company development and training are given a priority to other matters in the organization. Moreover, the company has realized that the standardized processes are the foundation for continuous improvement. This forms their second principle, which is applied to talent development through standardized work and job instruction during training. In addition, the company encourages the growth of leaders who thoroughly understand their work while at the same time encourage the leaders to teach the philosophy to other ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Strategic Development of Managing Global Talent Essay”, n.d.)
Retrieved from https://studentshare.org/management/1398077-strategic-development-of-managing-global-talent
(Strategic Development of Managing Global Talent Essay)
https://studentshare.org/management/1398077-strategic-development-of-managing-global-talent.
“Strategic Development of Managing Global Talent Essay”, n.d. https://studentshare.org/management/1398077-strategic-development-of-managing-global-talent.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
ru
rudy19 added comment 1 year ago
Student rated this paper as
At first, I thought 16 of pages is too much for such a issue. But now I see it could not be done smarter. As the author starts you see the difficulty of the question. I’ve read all at once. Perfect document

CHECK THESE SAMPLES OF Strategic Development of Managing Global Talent

Employee Development and Talent Management

...?Employee Development and Talent Management Human resource department is responsible for attracting prospective employees through hiring, and training, evaluating, retaining, and performing other functions that make work beneficial for both employees and the firm. In other words, the human resource management is the link between the senior management and employees. This department works to ensure that the workforce is utilized effectively to further organisational goals while ensuring employee interests are not ignored. The human resources department has various professionals who must work together for the department to execute its roles flawlessly. In...
13 Pages(3250 words)Essay

Ethical Perspectives in Managing Talent

...Evaluation 9 Conclusion 12 Recommendation 12 References 13 Introduction In the present day context, the majority of business organizations face significant challenges and difficulties regarding the global talent management. It has been apparently observed that every organization throughout the globe always concerns the aspect of talent management in order to adopt effectual strategic decisions. Since 1990, the importance of talent management has been drastically augmented amid the top level managers of different organisations when the consultant groups of McKinney initiated the notion...
9 Pages(2250 words)Essay

Knowledge and Talent Development

...? Knowledge and Talent Development By Insert Presented to Location Due Introduction Human Resources departments are regarded as strategic partners in an organization besides the traditional administration roles. HR managers work with the senior management in establishing the strategic direction of the organization. The effectiveness of employees, as designed in the HR strategies, is a crucial component in achieving positive business outcomes. Every company has a comprehensive and structured set of techniques that an organization adopts in order to improve quality, efficiency, and reliability of their goods and services. These strategies...
9 Pages(2250 words)Essay

Learning and Talent Development

... Transactions. Burgoyne, J., Hirsh, W., & Williaims, S. (2004). The Development of Management and Leadership Capability and its Contribution to Performance: The evidence, the prospects and the research need. Research Report RR560. UK: Department for Education and Skills, Lancaster University Cheese, P., Thomas, R.J., & Craig, E. (2008). The Talent Powered Organization: Strategies for Globalization, Talent Management and High Performance. USA: Kogan Page Publishers. CIPD. (2014). Learning and Development Strategy: Factsheet. Available at: talent-development-strategy.aspx> [Accessed on: 8 March, 2014] Easterby-Smith, M., Araugo, L., & Burgoyne, J. (1999). Organizational Learning... to the changing environment (Todnem, 2005). Talent is often considered to...
11 Pages(2750 words)Essay

Talent Development

...metropolitan services especially in government organizations. However, human resource department suffers in the bases of status as compared to other sub-units in an organization. Perhaps, this is because of increasing manipulation of procession managers in human resource (HR), which erodes the scientific proficiency stand of the HR departments character (Farndale & Hope-Hailey, 2009). To correct this malice, talent development in the HR departments becomes vital in helping managers deal with future challenges of the company. Leadership and career interventions Strategic efforts of developing leadership intervention begin earlier in the...
3 Pages(750 words)Essay

Challenges in Managing Talent - Part II

...CHALLENGES IN MANAGING TALENT - PART II Hello friend, your post was highly thought provoking as it was filled with a lot of information. I read with delight, the types of challenges you associated with attempts to make changes to talent management at the workplace. One particular area that caught my attention was the problem of alignment with long strategic plan. To add further insight to this, I will say that most companies, whiles making changes to their talent management functions only look at the interim and thus fail to plan ahead (quote). Based on personal experience, I find that whenever this happens, the company...
1 Pages(250 words)Assignment

Global Talent

...GLOBAL TALENT According to Griffin , the number one reason most modern organizations do not have any HR metric in place is not because they do not know about the benefits that such metrics bring. Rather, it is the issue of how to implement the metrics in a way that is not faced with some of the commonly identified challenges with implementation. By implication, the more challenges organizations face in implementing new HR metrics, the less discouraged they become to introduce these new systems. One such challenge that can be identified in a typical organization has to do with accessibility of value-added metrics. Becker, Huselid & Ulrich (2001) found that accessibility problems can arise in many forms...
1 Pages(250 words)Assignment

Global Talent Part II

...GLOBAL TALENT PART II Response to Anderson I can really appreciate the challenge you went through at your formal workplace in terms of how difficult it was to invest in talent, given the fact that it was a non-profit organization. This is because using the experience of my own former workplace which was also a non-profit organization, we had such problems initially. Through detailed search and understanding of literature however, we saw that even though it was always difficult to raise funds to invest in talent, there were innovative means by which we could achieve this (Mondore, Douthitt & Carson, 2011). I would therefore want to elaborate on your response by suggesting some of these innovative ways. At my organization, we saw... that if...
1 Pages(250 words)Assignment

Talent Management Strategic Plan Talent for Candlelight. Inc

...Talent Management Strategic Plan Talent for Candlelight, Inc Outline Identifying Organizational Goals/priorities From the case, it is clear that the company is prioritizing to acquire new business unit and improve on some of its weaknesses including management misalignment, depleted talent. Low employee morale, and employee turnover. Therefore, the company’s objective is to grow its business while at the same time retaining and motivating talent to achieve higher returns. 2. Identifying organisational Strengths and Weaknesses Some challenges of the business include depleted talent, lack of motivation,...
1 Pages(250 words)Essay

Managing Global Talent

... «Managing Global Talent – Unilever» 1. Introduction The change of a firm’s existing HR policies has to be decided using specific criteria: the needs of the firm in the short and the long term but also the market trends need to be taken into consideration when having to deal with the particular problem. The performance of the firm during the period under consideration – i.e. when the relevant strategic plan is under discussion – is always critical for the success of the specific effort. In the literature different views have been developed regarding the estimation and the evaluation of current business performance. In accordance with Carley et al....
14 Pages(3500 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Strategic Development of Managing Global Talent for FREE!

Contact Us