The paper 'Human Resource Management Strategy and Planning in Toyota Company" is a good example of a case study on human resources. Toyota Motor Corporation is unarguably among the world’ s leading companies specializing in the manufacture and sale of automobiles. Currently, it is Japan’ s and Asia’ s leading manufacturer of vehicles and the world’ s second-largest manufacturer of motor vehicles. It is headquartered in Toyota City in Japan. The company was established in 1937 by Kiichiro Toyoda. Since its establishment, Toyota Company has continued to excel by developing a strong market base. The company was able to manufacture over 4 million vehicles within the first 20 years and by 2014, about 10.3 million vehicles had been manufactured by the company (Toyota Motor Corporation, 2015).
Moreover, the company’ s profits have increased progressively since its establishment. For instance, in 2011 its net revenue skyrocketed to 27.2 trillion Yen up from 1.5 trillion Yen recorded in 2009. (Toyota Global, 2015). The increasing profits are a result of increasing sales. For instance, in 2014 the company sold about 9.1 million vehicles compared to about 7.3 million vehicles in 2011 (Toyota Global, 2015).
The largest markets for Toyota Company vehicles are Japan, North America, and Asia. The success of the company is its innovativeness in the design of automobiles. Technological innovations have enabled it to stay in tune with increasing costs of production. Hybrid vehicles are one product of the company’ s innovativeness in an effort to respond to environmental concerns. The company offers a wide range of automobile options to its customers. They include trucks, vans, cars, and hybrids. Besides innovation, its success is attributable to robust management.
The company is the epitome of successful human resource practices and its success partly depends on a healthy working environment for employees. It is known for its sound ‘ Toyota-way’ culture which binds the employees together (Truss et al. , 2012). Therefore it provides a good case study for examining the roles of human resource management in an organization.
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