The paper “ Toyota - Strategies Used by Company in Internationalization, Impacts of Globalization on the Management” is a thrilling example of the report on management. This report is based on Toyota Company which is one of the largest and most successful multinational enterprises in the auto industry. This report has various sections each with its own objectives. The report first introduces the organization that forms its basis. In the introduction, an overview of the company is given as well as the rationale for this report. Additionally, the introduction also outlines a brief history of the company.
It is noteworthy that this introduction based on a report that has a plethora of perspectives that are evaluated on the company takes a general approach. The second section then explores the reasons that made the auto giant to globalize. Like the MNEs the reasons are given with key concentration on the company. Having looked at the factors that led to its globalization, this report then evaluates some of the strategies that were applied by Toyota Company while globalizing. Most facts are drawn from real case scenarios of the company quoting examples where possible.
Globalization impacts not only the operations but also the human resource management practices of an organization. The impacts of globalization on the management of employees in Toyota Company is then explored in the next phase. The national culture and organizational culture of the company are also evaluated in-depth giving an overview of how the two have impacted the company. It is noted in this section that the national culture that Toyota Company is entrenched in is the Japanese culture that is well elaborated in the report.
Different countries have different cultures that shape the preference of the employees, customers, and investors. Additionally, these different cultures also play a critical role in the management of the employees as well as their motivation to adopt the corporate culture of a given MNE. In the next phase of the report, the effect of different cultures on Toyota Company is evaluated in-depth, revealing some areas that need tweaking in order to do away with the cultural difference problem. The next topic in the report gives an overview of the corporate social responsibility practices of Toyota Company.
Batiko, J. R. (2012). The Impact of Corporate Culture on Public Relations in Japan: A Case Study Examining Tokyo Electric Power and Toyota. Public Relations Journal, 6(3), pp.1-19.
Blanpain, R., & Brulin, G. (2008). Globalization and employment relations in the auto assembly industry: a study of seven countries. Austin: Wolters Kluwer Law & Business.
Bloom, M., Milkovich, G. and Mitra, A. (2015). International compensation: learning from how managers respond to variations in local host contexts. Int.J. of Human Resource Management, pp.1350-1367.
Cullen, J. B. (2013). Multinational management: A strategic approach. Cincinnati, OH: South- Western College Pub.
Funaru, M. (2012). TOYOTA’S BUSINESS STRATEGIES IN INTERNATIONAL MARKETS. 1st ed. pp.1-10.
Ghafoor, S., Khan, U., Idrees, F., Javed, B. and Ahmed, F. (2015). Evaluation of expatriates performance and their training on International Assignments. INTERDISCIPLINARY JOURNAL OF CONTEMPORARY RESEARCH IN BUSINESS, 3(5), pp.335-351.
Hashim, R., Ghazali, Z. and Jamaludin, A. (2015). Past Performance Evaluation is the First Step toward the Future: A Case Study of a Performance Management System in a Malaysian Multi-National Company. American Journal of Economics, 5(2), pp.278-284.
Gomez-Mejia, L. R., & Werner, S. (2008). Global compensation: Foundations and perspectives. London: Routledge.
Hino, S. (2006). Inside the mind of Toyota: Management principles for enduring growth. New York, NY: Productivity Press.
Hitt, M. A., Ireland, R. D., & Hoskisson, R. E. (2013). Strategic management: Competitiveness & globalization. Mason, OH: South-Western Cengage Learning.
Jokinen, T. (2005). Global leadership competencies: a review and discussion. Journal of European Industrial Training, 29(3), pp.199-266.
Miroshnik, V. (2012). Company citizenship creation in the developing countries in the era of globalization. Journal of Management Development, 31(7), pp.672 - 690.
Ritzer, G. (2010). Globalization. Malden, MA: Wiley-Blackwell.
Newlands, D., & Hooper, M. (2013). The Global Business Handbook: The Eight Dimensions of International Management. Farnham: Gower.
Segal-Horn, S., & Faulkner, D. (2010). Understanding global strategy. Andover: Cengage Learning.
Shen, J. (2005). International training and management development: theory and reality. Journal of Management Development, 24(7), pp.656-666.
Shih, H., Chiang, Y. and Kim, I. (2005). Expatriate performance management from MNEs of different national origins.
Subba, R. P., & Kumar, V. T. (2010). Management: Theory and practice: text & cases. Mumbai [India: Himalaya Pub. House.
Sims, R. and Schraeder, M. (2005). Expatriate compensation an exploratory review of salient contextual factors and common practices. Career Development International, 10(2), pp.98-108.
The Toyota Company, (2015). Toyota Global Site | CSR Management. [Online] www.toyota.co.jp. Available at: http://www.toyota-global.com/sustainability/csr/ [Accessed 18 Sep. 2015].
Tiwari, N. (2015). Managing Human Resources in International Organizations. Global Journal of Management and Business Studies, 3(4), pp.355-360.
Toyota Company, (2015). TOYOTA MOTOR CORPORATION GLOBAL WEBSITE | 75 Years of TOYOTA | Production, Production Engineering, Logistics and Purchasing Production. [Online] Toyota-global.com. Available at: http://www.toyota- global.com/company/history_of_toyota/75years/data/automotive_business/production/pr education/index.html [Accessed 18 Sep. 2015].
Toyota Tsusho, (2015). Structure. [Online] Toyota Tsusho. Available at: http://www.toyota- tsusho.com/English/car/human/activity.html [Accessed 18 Sep. 2015].
Wang, Y. and Tran, E. (2012). Effects of cross-cultural and language training on expatriates’ adjustment and job performance in Vietnam. Asia Pacific Journal of Human Resources, 50(3), pp.327-350.