Long Term Objectives: Suggestions to Toyota - Essay Example

The company has developed a separate system called Toyota Production System (TPS) in order to manage its production operations. This system gives more focus on avoidance of overproduction and this strategy may sometimes adversely affect the expansion notions of Toyota. Hence, it is recommendable for the company to engage in more large-scale production. Similarly, Toyota must improve its competitiveness by introducing effective long-term promotional strategies as the company economically lags behind Japan’s No.2 Nissan Motor Co Ltd and third-ranked Honda Motor Co Ltd. The company must design a well-structured employee development program that would establish a balance between an individual’s personal interests and organizational goals. Likewise, it is advisable for the management to make interpersonal relationships with employees so that it can ensure effective information flow between the organization’s top-level to the bottom level and vice versa. For this purpose, the firm may arrange for periodical meetings or appoint unit supervisors. It is obvious that technological leadership must be the foremost quality of a company for operating in the automobile manufacturing sector.

Therefore, Toyota must establish an efficient research and development department that can adequately vie with rapidly developing technologies. The company has already designed a range of public responsibility programs. However, appointing a special management team is beneficial for the company to ensure that the proposed programs would be completed within the stipulated period