Toyota 's Management Style Changes

1523 WordsFeb 19, 20177 Pages
Toyota Overview Founded in 1937, Toyota Motor Corporation is a Japanese company that engages in the design, manufacture, assembly, and sale of passenger cars, minivans, commercial vehicles, and related parts and accessories primarily in Japan, North America, Europe and Asia. Toyota has become one of the largest auto producers in the world and it is still evolving and penetrating different national markets all over the world. The company is famous for its high quality vehicles and innovative technologies (Toyota Global, 2015). Management Style Changes Integrating Software into Business Strategy: Toyota changed its management style in a very sophisticated way by integrating software into their business strategies. It used Information…show more content…
Toyota has developed and marketed various eco-cars that optimally match the energy situation and infrastructure of different countries and regions. While making its conventional, petroleum-fueled vehicles and hybrid vehicles even more fuel-efficient, Toyota is also promoting development of next-generation eco-cars and responding to the diversification of vehicle fuels (Toyota Global, 2015). Proper Management The company is managed properly in terms of technological advancements, environmental friendliness, dedicated workforce and providing value to customers but with the demands of global marketplace and business, it needs to shed its parochial top down management style to respond to market changes and safety recalls quickly and efficiently. In this regard, Toyota made some changes recently to its management structure such as reducing the Board of Directors and decision making layers and appointing non Japanese Board of Directors. Toyota is also taking measures to strongly support the career continuity of women employees and has appointed women in key positions as the leadership team was otherwise mostly made up of Japanese men (Benjamin, 2015). Recent Changes In year 2014, Toyota became the first manufacturer to begin commercial sales of a

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