2. Toyota background
3. Toyota production analysis
4. Toyota and globalization
5. Toyota and HRM
6. Ethical issues and globalization
Toyota is one of the largest car manufacturers in the modern world. In fact, this multinational corporation has become the leading car manufacturer replacing the world leader General Motors which has remained on the first position within several decades. Obviously, this is a tremendous success for a Japanese company that was founded in 1937 and became the leading company of the world automobile market. Nowadays the company is one of the most influential players in the world market. In terms of this research, it is particularly important to dwell upon the influence of globalization on the management of the production. It should be pointed out that this section of the research paper should focus on the main changes that occurred within Toyota, understand their causes and perspectives. To put it more precisely, it will be necessary to discuss the current global expansion of Toyota which builds new plants and acquires or creates new brands worldwide. In such a way, the company expands its markets and increases production. At the same time, this trend is directly linked to the process of globalization which eliminated substantial financial barriers and open Toyota the way to new markets, especially those of developing countries. Not less important is the analysis of the human resource management of Toyota since it was traditionally considered to be one of the most successful companies in this respect. This section will analyze the changes that have occurred in this domain and the influence of the process of globalization on the company’s human resource management, which apparently needs to be changes since the traditional human resource management applied to Toyota, being quite effective, may not work well enough outside Japan, as well as in Japan itself, since the country is also changing under the impact of global socio-cultural and economic trends. In such a situation, it is obvious that globalization produce a profound impact on the functioning and management of Toyota that implies that ethical issues related to the changes caused by globalization arise. This is why it is very important to define the current ethical problems and dilemmas the company may face since it really has to continue its international market expansion and make its human resource management more effective that naturally rises such ethical questions as whether it is ethically justified to reject traditional management style or its elements or what the extent to which the pursue for profit can change the corporate culture and traditions of the company, especially in the field of management. Actually, it is extremely important to analyze the management of the production and human resource management of the company, its basic strategies of the development and related ethical issues in order to clearly define whether the current policy and management style of Toyota fully meet the demands of the new, globalized economy and, therefore, it will help better understand and properly assess the perspectives of the company in the future. Obviously, Toyota, being the world leader in cars manufacturing, needs to take into consideration the recent economic trends and modify its production and human resource management to new conditions defined by the process of globalization, which, on the one hand, opens the way to the global expansion, but, on the other hand, poses new challenges Toyota has to cope with. Toyota background
Toyota is one of the largest multinational corporations that is specialized on the manufacturing of cars. It is necessary to underline that in recent years it has overtaken other producers of cars, including the world leader, GM. In fact, Toyota has managed to gain the leading position in the world market due to the successful...