Facilitator:
Toyota Motor Corporation is a well-established and reputable trader in the automotive industry. The steady performance of the Corporation is linked to its effective leadership and reliable management style. Although there are other several factors that have led to the current performance of the company, Toyota Motor Corporation has structural arrangement that accommodates emerging technological transformation and development (Liker, 2004). The company’s top leadership has also adopted reliable and effective management and competitive strategies. Despite being effective in its leadership and management, emerging technological development has largely affected its operation and management.
How Globalization and Technology Changes Have Influenced the Corporation
Modern technological largely transformed almost all global sectors and most specifically top international businesses. The influence is especially critical in world leading organisation such as Toyota Motor Corporation. To fit and to be competitive in modern complicated and dynamic global economy, Toyota Motor Corporation was compelled to institute significant technological transformation in its production line, promotion and marketing. In its production line, the company has established effective technology that controls the steering wheel of its vehicles. Although the innovation is not yet effective in developing and less developed countries, the technology has proved productive in developed countries like Britain and United States. The Toyota Motor Corporation has also established cars that are stop and slowed down by technological means. These vehicles have played a considerable role in boosting the company position in local and international market (Booz, 2007).
The company has also instituted modern technology in its marketing and promotions department to increase its customer base. Currently, the Toyota Motor Corporation has ventures in the use of online means to promote its new and existing brand. The technology has played a noticeable role in improving the company productivity and profitability. Use of social media services has also been effective in improving the business market position. Facebook and Twitter have created new avenues where business executive officers share their views and proposal with the company’s customers. Based on the available information, it is factual to state that, modern technological development has influenced the activities and operations of Toyota Motor Corporation at all levels. The current impressive development trend is largely enhanced by the adoption of modern technology in the company production and marketing system.
Organization Model and the Resource-Based Model
The Toyota Motor Corporation can use organisational model as a reliable strategy that would assist in the maintenance of high segment market (Dobni, 2002). A good number of modern successful businesses use organisational models to peg their products against their competitors using advertising information, strategic alliance, reducing transaction cost, and its high standards. The adoption of organisational model will therefore be vital in improving the Toyota Motor Corporation productivity and competitive advantages in modern challenging global market. Organisation model will also play an essential role in reducing the ever-increasing competition in global automotive market. The company will introduce internal strategies and mechanism that will create additional advantages to the company over its challengers. Furthermore, the adoption of effective organisation model will reduce some of the barriers witnessed in entering new global market. The business will initially seek to identify barriers that would hinder their development in new market. Organisation model will help in predicting possible competition and challenges in the modern market. The identification of possible challenges will assist the company in adopting strategic measures for countering the identified challenges.
Resource based model will also be essential in helping the Toyota Motor Corporation increase its productivity and customer base. The model will pay an essential role in supporting the company to come up with effective means of managing its resources without compromising its productivity. The use of resource-based model will also help the company in understanding its ability to compete in the modern market. The model will assist Toyota Motor Corporation to account for its individual employee’s skills, brand name popularity, the competent of its leaders, and capital equipment. The knowledge on the business assets will therefore be critical in the formulation and implementation of effective planning strategy that will assist the company to compete in the modern market and in increasing its productivity and effectiveness.
Vision Statement and Mission Statement
The Toyota Motor Corporation mission statement and vision statement have proved effective and reliable in supporting modern success in the company. In its mission statement, the Toyota Motor Corporation seeks to come up with a prosperous society through adoption of effective automobile devices. To attain its mission statement, the company has embarked on the formulation and adoption of strategies that aim at facilitating long-term and stable growth in the future. The adoption of reliable policies to facilitate future development has significantly contributed to the company’s current development. In its vision statement, the company commits to offering hybrid alternative for every model found in modern global market (Vlasic & Fackler, 2008). The aim of this vision statement is to assist the company in making huge profits from its production while caring for its clients. With an aim of meeting its objective, Toyota Motor Corporation has utilised most of its resources in researches and innovation to come up with unique and complicated model in the market. As a result, the company has been ranked as among the most successful companies in the market in terms innovation and development.
How each category of stakeholder affects the overall success of this corporation?
All actors in Toyota Motor Corporation have played a critical role in fostering success in the company. The company has effective and reliable managers who have the mandate of overseeing all activities and operations in the business. The existence of effective managers has largely contributed to the current success of the business. Toyota Motor Corporation has one of the most innovative and effective employees in automobile sectors. Despite getting adequate support and motivation from their leaders, the company’s employees has also engaged in intensive training to understand emerging development and changes in the sectors.
The contribution of the business suppliers has also been essential in facilitating the current success of Toyota Motor Corporation. Most suppliers of the company have been reliable and effective in distributing the required assembling products. Furthermore, the tolerance of the company suppliers has also helped in improving the company reputation. By using of social media and other online services, Toyota Motor Corporation customers have played a recommendable role in boosting the company current success. Most customers have offered reliable suggestions that have helped in the adoption of effective strategies of increase business competitions in the modern market. Therefore, the current success of Toyota Motor Corporation is because of teamwork among various players in both the local market and international market.
References
Booz, A. (2007). Striving for growth: Best practices in retail banking sales and service channels. New Jersey: Prentice Hall
Dobni, B. (2002). A model for implementing service excellence in the financial services. Journal of financial services marketing, 3(9) 40-42
Liker, J. 2004. The Toyota Way: 14 Management Principles from the World's Greatest Manufacturer. American Business Journals, 3(1) 27-37
Vlasic, B. And Fackler, M. (2008). Car Slump Jolts Toyota, Halting 70 Years of Gain. The New York Times, 7, 12-17
