Controlling - Research Paper Example

Toyota Company Introduction Toyota Motor Company is a joint stock company that was incorporated under the commercialcode, and it still exists under the corporation Act (Maynard, 1). Its operations were initiated in 1933 as a division of Toyota Industries Corporation (TIC). However, it became independent four years later. This paper discusses the management strategies that the company has employed to enable it maintain its position as a one of the largest automobile manufacturer by focusing on its main goals, control methods and effecting managerial change.

Goals The dream of the corporation is to achieve a reasonable, long-standing expansion and similarly maintaining compatibility with people, the community as well as surroundings (Spear and Bowen, 100). It monitors its goals by ensuring that there is a measure always in place within the company to emphasize the importance of having a sustainable trade. This is, in addition to ensuring that there, is a production of superior products through its shared social accountability policies (Wartzman, 1).

By deciding to offer its customers, a clear understanding of where they are headed to, they plan to make use of Plan-Do–Check Act cycle involving continuous improvement. Therefore, they are inventing in the long-term commitment, for they believe that quality matters a lot. Therefore, they have invested in training and motivating its people. However, the processes and facilities come second on the list. Control methods Some of the control methods used in the company includes the Toyota guiding principles that are aimed at producing quality products that put the customer first.

This is achieved by the vertical construction system that reduces costs (Spear and Bowen, 98). Another control system used is the quality assurance method that is directed at ensuring that the quality of products is not undermined. Nevertheless, Toyota has relentlessly increased the standards involved in automobile manufacturing by trying to adoptive technologies that less polluting to the environment. This is to make sure that they preserve the environment from which holds their resources such as its employees and customers (Spear and Bowen, 102).

The company has also maintained a sober relationship with customers and suppliers, and this has helped them to develop globally. This is aimed at reducing greenhouse emissions that contribute to global warming. Additionally, it has also managed to obtain some vehicle brands such as Hino and Daihatsu to expand on its business and increase revenues. Creation and management of change Change is inevitable and is no doubt that the economic crisis that hit almost the people worldwide did not spare Toyota Company.

The weighty problem always lies in how the company can handle the change to reduce losses. For the Toyota Company, the 2009-2010 period crises led to reduced demand of Toyota cars in the global market (Takeuchi, 103). The Toyota Company resolved to use the Just in time strategy to streamline the sector and go back into business. This shows that their ways to creating and managing change are well embedded in the companys structure. This is where it encompasses the whole stakeholders of the company top –down.

Additionally, this is accomplished through their offer of hybrid cars as well as creation of joint ventures (Spear and Bowen, 99). Conclusion Managing a company is different now as compared to how it was in the past. This is because of globalization, technology and competition that now exist as new challenges facing managers and leadership. Therefore, in order to survive and at the same time succeed, a company should create goals and map out the way there. Works Cited Maynard, Micheline. Toyota tries flexible global strategy.

Monday December 1, 2008. New York Times. Spear, Steven and Bowen, Kent. Decoding their DNA of Toyota production system. Harvard Business Review.1999.97-106. Print. Takeuchi, Hirotaka, Osono, Emi, and Shimizu, Norihiko. The contradictions that drive Toyotas success. Harvard Business Review. Vol 86, No 6.96-104.Print. Wartzman, Rick. Toyotas management challenge. Business week. March 5 2010.