StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...

Toyota: A Visionary Company - Admission/Application Essay Example

Cite this document
Summary
Toyota: A Visionary Company? (Add (Add (Add Date) Toyota: A Visionary Company? Toyota has not been aligning their mission with the interest of their stake holders. The company upholds its vision of maintaining the profitability and growth while providing the maximum customer experiences and dealer support…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
Toyota: A Visionary Company
Read Text Preview

Extract of sample "Toyota: A Visionary Company"

Download file to see previous pages

Their claims seem contrary to what they are doing; for the way they treated customers by not implementing the recall procedure, even once they came to know some major mechanical problems with the products, raises several ethical questions. The company had two unforgettable slogans during the 70s and early 80s such as, “You asked for it, you got it Toyota” and the other one says “Oh what a feeling, Toyota” (Hunter, 2010). They sounded very attractive and were catch jingles that remained in the heads of the customers, which had an effect on sales to some extent.

However, today, the company’s mission is to “Make Better Cars and Contribute to Society”, a mission under much controversies and discussion about its adequacy of guiding the company’s actions. They claim to have a strong commitment to putting the customer first, by providing high-quality vehicles at an affordable price so that the customers around the world can enjoy the benefits of having better automobiles (Toyotaglobal.com, 2009). The company wants to be a unique thing when its actions take them somewhere else.

The customers, stockholders and the employees are ultimately getting hurt by such diverted operations of the firm. The Sustainability report of the Toyota explains the ‘Toyota Global Vision’ announced in March 2011, which articulates what kind of company they want to be. The report makes it clear that “we want Toyota to be a company that customers choose and brings a smile to every customer who chooses it” (Toyota Motor Corporation, 2011). Nevertheless, from the history of the firm, we find that Toyota often did not bring their mission into line with the needs of their stakeholders, especially the employees.

There are a number of examples from the past that informs how the firm imposed physical as well as psychological strains on its employees. One of such incident is reported about Sayaka Kobayashi, 42, who was the assistant of Hideaki Otaka, Toyota’s North America President and CEO, having endured continuous sexual harassment from him (Kobayashi-Nelson, 2006). Even though Toyota’s vehicles are to the top with greater levels of quality and integrity, its top-level management is often below the lines, selecting the crooked path.

When Kobayashi had complained to a higher-level executive, nothing changed other than just offering her a bribe to leave the company. As Toyota tries to keep “moving forward”, such immorality and tenacity will have some sort of adverse impact on Toyota’s sales. In the same way, the company has been slow in responding to the needs of its customers. Though Toyota has received exoneration from the U.S. Departments for its control electronics associated with a rash of unintended acceleration events, it cannot forever attribute the blame on driver error (DeMeis, 2011).

The company was not ready to take the responsibility at first, and did not recall for replacing floor mats that could make foul acceleration. The company was slow to respond to the issues of sticking pedals and came up with confusing statements. Such incidents prove that the firm was not acting upon its core mission of the “right way forward.” The incidents occurred after the litigation, seeking class action status on behalf of the company’s stockholders again proves that the company is on the wrong path.

The securities lawsuit filed in the U. S.

...Download file to see next pages Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Toyota: A Visionary Company Admission/Application Essay”, n.d.)
Retrieved from https://studentshare.org/management/1433327-strategic-management-mission-vision-and
(Toyota: A Visionary Company Admission/Application Essay)
https://studentshare.org/management/1433327-strategic-management-mission-vision-and.
“Toyota: A Visionary Company Admission/Application Essay”, n.d. https://studentshare.org/management/1433327-strategic-management-mission-vision-and.
  • Cited: 0 times

CHECK THESE SAMPLES OF Toyota: A Visionary Company

Differentiating Between Market Structures for the Toyota Motor Corporation

Determining the nature and structure of the market in which a company intends to venture prepares the company in making critical decision and systems to encounter potential competition in the targeted market.... This paper will analyze the contemporary market structures to the model employed by toyota Motor Corporation in surviving in the global competitive motor market and discuss competitive strategies and evaluating the significance of the strategies towards profit maximization by the toyota....
5 Pages (1250 words) Essay

Toyota: Origins, Evolution, and Current Prospects

Toyota: Origins, Evolution and Current Prospects The story of Japanese car manufacturing company Toyota is one of the enduring successes in the history of manufacturing industry.... Toyoda Sakichi, who provided the original impetus to the young company.... And then when the legendary Ohno Taiichi joined the company after the Second World War, his incisive engineering inputs helped transform the company into a reputable global player....
4 Pages (1000 words) Term Paper

Toyotas Position in the Automobile Industry

hellip; The company is faced with the issue of government policies when making entries into new markets.... This has seen the company given quotas in the supply of cars like in the case of China and the US.... The success of the company is attributed to its core competencies and capabilities.... nbsp; Toyota entered the vehicle manufacturing market with the few competencies and low capabilities that saw the company manufacture small volumes of cars annually....
8 Pages (2000 words) Research Paper

Leadership Quality and Teamwork Success

The latest developments of the Toyota company in having to recall millions of vehicles around the world has led to the questioning of the quality of leadership, as well as the possibility of allowing teamwork being analyzed as a contributing factor here.... The level of quality and efficacy of the leadership itself can start within the company itself, as provided by Manning & Curtis (2007) in "research shows that the evaluation of leaders by employees can be a valuable tool" (p....
11 Pages (2750 words) Essay

MGT499 - Strategic Management

Throughout its history, Toyota has been the brightest example of the visionary company – in other words, Toyota used to be the company with a well-conceptualized mission, vision, and strategy, all of which were closely aligned.... Looking through the recent documents and… ns on the Toyota's official website, what the company wants to be can be conceptualized in a following way: “to understand market needs from the customer's point of view, by making better cars and contributing to society” (Toyota, 2009). Unfortunately, not always can Running head: MGT499 MGT499 MGT499 Throughout its history, Toyota has been the brightest example of the visionary company – in other words, Toyota used to be the company with a well-conceptualized mission, vision, and strategy, all of which were closely aligned....
2 Pages (500 words) Essay

Innovation and the Sustainable Organisation: Toyota

Green technology is one of the major areas of competencies possessed by Toyota Motor company for the sustainability as well as attainment of intended competitive advantages.... Toyota is an automotive manufacturing company, which provides a variety of designs to the customers as… Besides automotive manufacturing, it also has other divisions of operations comprising financial services through which the company provides financing assistance to its retail and business customers (Deeppa & et....
5 Pages (1250 words) Essay

Global Supply Chain Management Practices

Supply chain management is referred to the cross-functional approach which incorporates managing the raw materials' movement into the company, certain features of internal processing of the materials into the finished goods, as well as the movement of the finished goods to the… Global management of supply chain indicates the cross-border flow of products as well as emergence of the opportunities and global competitors across the competing supply chains inside an industry (Mentzer, Stank and Myers, 2006)....
16 Pages (4000 words) Essay

Organisations & Management of Toyota Company Leader

The aim of this case study is to explain the significance of leadership, its theories and define the style of leadership of Toyota company's leader Hiroski Okuda.... nbsp;When Okuda ascended to the presidency of Toyota in early 1995, the company was losing market share in Japan to both Mitsubishi and Honda....
8 Pages (2000 words) Case Study
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.
Contact Us