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Toyota-2 the Chief Process Improvement Essay

… Toyota-2

The chief process improvement that Toyota needs to undertake involves restructuring its company objectives. Traditionally, Toyota was a company that built a solid reputation for safety and reliability while attempting to provide quality vehicles. There are numerous principles of the Toyota Way that denote this company objective, including principles I and II which are focused upon long-term philosophy and a continual process improvement to elucidate problems before they affect customers (Liker, 2004, p. 37). During the past decade, however, this company objective became supplanted by the notion of prioritizing competition with other automobile manufacturers as the company's chief objective. Whereas once before Toyota's goal was to consistently manufacture quality automobiles, during the end of the last millennium the company's objective transitioned into vying for…. [read more]

Toyota Essay

… Toyota

Although there are a number of processes that quite clearly need alteration within Toyota as elucidated within the case study "Toyota: The accelerator crisis," the foremost one which inherently affect the others is the company's chief aim: globalization. Although globalization in and of itself is not a deleterious end to aim for, the pursuit of overtaking competition (largely in the form of General Motors) and focusing on "top-line growth and profits to…become the world's leading automaker" (Greto, 2010, p. 10) is a faulty company missive that reaps results including safety violations, class-action lawsuits, governmental penalties and fees, as well as millions of recalls.

Thus, the principle change of process that Toyota needs to enact is exchanging its goal from one of global domination into…. [read more]

Organization Financing: Toyota -- Evaluate Term Paper

… Organization

Financing: Toyota -- Evaluate how the organizational function FINANCE impacts the organizational structure of Toyota

Although the Toyota Motor Corporation "primarily conducts business in the automotive industry. Toyota also conducts business in the finance and other industries" ("Company Profile: Toyota," 2007, From the customer's point-of-view, Toyota's financial services in business consist primarily of providing financing to Toyota dealers and customers for the purchase or lease of Toyota vehicles. It also provides retail leasing through the purchase of lease contracts originated by Toyota dealers ("Company Profile: Toyota," 2007, Since few people have ready cash to purchase a new car, financing strategies and promotions are of thus great concern for Toyota's marketing department, and financial data such as the interest rate for borrowing funds…. [read more]

Business Quality Improvement Tools Six Sigma Research Paper

… Business

Quality Improvement Tools

Six Sigma

Six Sigma is a business enhancement method. Its chief purpose is to put into practice a dynamic procedure to methodically get rid of imperfections and inadequacy. It was initially put into place by Motorola in the early 1980's and for the reason of its aptitude has become tremendously accepted in a lot of corporate and small business settings worldwide. Six Sigma's chief point or purpose is to distribute high presentation, worth and dependability to the consumer. It is thought to be used globally as one of the main themes for TQM (Total Quality Management). Six Sigma is utilized in a lot of diverse ways, such as improving interactions with consumers, workers and stakeholders and enhancing the entire course of…. [read more]

Knowledge Management: AToyota Research Paper

… Knowledge Management: A Case Study of Toyota

Knowledge management is a system capable of making comparisons, analyzing trends, and presenting historical and current knowledge. But more importantly, such a system enables decision makers to analyze and understand the patterns quickly and identify the most significant trends. It is needed in an enterprise because it provides an accurate predictive method for decision makers. In addition, a knowledge management system can track and evaluate key critical success factors for decision makers, which is valuable in assessing whether or not the organization is meeting its corporate objectives and goals. Overall, a knowledge management system can assist decision makers in making better informed decisions that affect all aspects of a company's operations (Dalkir, 2005).

Toyota allegedly had just such…. [read more]

Strategic Warehousing at Toyota Motor Essay

… Toyota spent several year revamping its ordering, manufacturing, and distribution to make it easier for dealers and customers to make changes right before production. Their goal at the time they upgraded their system was to reduce the average time between dealer order and delivery from Toyota's North American factories from 70 days to 14 days. This change resulted in making customers happy, as well as cutting dealer inventory costs and the need for Toyota to spend on rebates for slower-moving vehicles (Broyles, Beims, Franko & Bergman, 2005).

In order to benefit from providing customized orders and reducing average delivery time, Toyota developed its own software that connects dealers to factories and factories to suppliers. By integrating their value chain, Toyota created visibility for all members…. [read more]

Manufacturing Seven Key Elements Term Paper

… Finally, the researcher possesses extensive experience in large-scale implementation through current and former work activities and training sessions, thereby possessing the ability to provide a personal reflection on the overall process and the essential requirements for a successful execution. Each of these elements will provide extensive support to the hypotheses addressed in the proposed research study.

Rationale of the Study

The importance of a research study and the analysis of existing resources related to World Class Manufacturing is critical in order to demonstrate that in successful endeavors, this strategy provides a number of outstanding benefits for its users, including increased productivity and profitability, employee team building, and leadership development. Manufacturing plants across the United States are in desperate need of dramatic reevaluations and overhauls of…. [read more]

Managing All Stakeholders Term Paper

… "The absorption of one company by another," Black's adds, "[with] the former losing its legal identity, and latter retaining its own name and identity and acquiring assets, liabilities, franchises, and powers of former, and absorbed company ceasing to exist as separate business entity" (p. 988).

In other cases, mergers and takeovers have appeared to be the result of opportunists looking for the quick profit; however, the consolidation of the highly complementary assets and resources of both of these giants will create some clear advantages for everyone concerned. Nevertheless, just as bigger may not mean better, merger may not mean advantage. In his chapter, "Technology Strategy: Collaborative Mode, V.K. Narayanan says that from a strategic viewpoint, collaborative mode is undertaken by firms when the economics of…. [read more]

Integrating Total Quality Environmental Management Term Paper

… Environmental management includes recycling and remanufacturing of parts and products (Anthony, 2002). Disassembly and recycling of reusable parts help the cause of environment protection, reduces the cost of usage of a fresh component, and avoids disposal costs. Material Resource Planning (MRP), an assembly-oriented scheduling system, does not support the process of disassembly. Uncertainty of quality, quantity and timing of recovery of reusable parts makes production planning difficult. To incorporate product recovery planning in MRP, use of reverse bill of material for every retrieved component or product is recommended. Concepts used in planning probabilistic demands for end items are used in structuring the bill of material.

Closed loop system is a widely used environment practice by many companies. This system requires new material only on non-receipt…. [read more]

Business Transformation Strategy GE Capital Term Paper

… They could potentially attract a significant proportion of market volume and hence reduce the potential sales volume for existing players.

Competitive Rivalry between Existing Players

This force describes the intensity of competition between existing players

Companies) in an industry. High competitive pressure results in pressure on prices, margins, and hence, on profitability for every single company in the industry. The two factors exerting the largest pressure on GECW and enlivening their competitors are:

Players are building business on similar strategies

There is not much differentiation between players and their products; hence, there is much price competition.

Low market growth rates (growth of a particular company is possible only at the expense of a competitor).

Because of the limits Irish auto market, these players are going…. [read more]

Just in Time JIT and Lean Manufacturing Term Paper

… Just-in-Time (JIT) and Lean Manufacturing

Just-in-Time is a strategy put to practice in accounting principles, which induces increases in investment returns of an industry by decreasing work-in-progress stock and all of its related costs. This strategy of JIT is leading to noticeable improvements in the rate of return on investments, productivity and the level of quality of a manufacturing industry's output. Connected with Japanese management techniques, just-in-time production (JIT) are set of rules which help in carrying out organized plans. According to this philosophy of managing production, manufacturing organizations should not hold or stock material more than that is necessary for quick production or circulation. To be exact, a producer should not take delivery of unprocessed materials or goods from its suppliers possibly just hours…. [read more]

US Auto Term Paper

… U.S. AUTO Benchmarking Research

US Auto is an American car manufacturer with an important past on the American car market, but with a less brilliant present and future, as the company is currently struggling for survival. The company's main negative issues that need to be corrected are related to outdated line plant assets, inflated labor costs, and lack of any significant prospects that could provide some sort of boost in the company's future profitability. The only aspect that U.S. Auto is putting its hopes on is a hybrid gas-electric engine that the company has created. Given the fact that negotiations with AutoMex have failed, the company must find other strategies to help it survive.

Therefore, U.S. Auto should consider benchmarking as a method of diminishing…. [read more]

Role of Information Technology Essay

… Part of his motive, historians claim, was to spare gentle ladies the embarrassment of having a male ear in direct contact with their unclothed chests. Leeuwenhoek, in the infancy of optical science, put two lenses together to create a rudimentary microscope; he was amazed by the "little animalcules" he could see in a drop of water, not dreaming that out of his observations would come the science of microbiology and the technology of antibiotic use.

And long before the microscope revealed the malaria parasite, some perspicacious Peruvian took note of the fact that the bark of the cinchona tree contained something, later called quinine, that was a specific therapy for certain tropical fevers.

Intensive Care and Academic Subspecialization

Academics built perinatal centers that combined neonatal…. [read more]

BMW Research Proposal

… BMW Case Study

Describe the culture at BMW

The culture of BMW AG is one that combines both transformational and transaction-based leadership styles in an attempt o create an optimal balance of vision and discipline so innovation can be maintained. The transformational aspects of leadership are powerful catalysts for any company being able to transform their visions into reality (Mancheno-Smoak, Endres, Potak, Athanasaw, 2009). The first example of this is the commitment from senior management to continually offer profit sharing even during the years that the company struggled to stay in business. This illustrates one of the core aspects of transformational leadership which is a continual commitment to their core values and retaining trust through authenticity and transparency (Hirst, van Dick, van Knippenberg, 2009). A…. [read more]

Bias Critique Thackery, John. "Hybrid Term Paper

… The intended audience of this article, however, is clearly more interested in the car's purported power than environmental impact. Although the article does quote a director of alternative power technologies at J.D. Power & Associates, Westlake Village, who notes "the total HEV industry could be as large as one-half-million units by 2007," instead the author is more keen to emphasizes that forward-thinking car makers are "building a new breed of HEVs with smaller sticker premiums and more modest emission-reduction and mileage-enhancement targets." Thackery gently mocks the Toyota Prius, for example, stating that the car "sells on its appeal as a statement of the driver's environmental piety," but the more revved up HEVs, of the future, which are incidentally are more likely to be made by…. [read more]

General Motors (GM) Thesis

… General Motors (GM) is one of the largest automobile companies in the world. Over the years GM has been able to carve out a corporate identity, to become one of the most recognizable brands in America. Over time the company was able to develop several popular brands that have come to be symbolic with the image of the American landscape including Chevrolet and Cadillac (Sloan et al., 1990). GM is currently confronting some of the most difficult obstacles that it has ever had to overcome. Government intervention is no guarantee that the company will be able to overcome these obstacles. From an internal standpoint, the company must be willing to abandon some of its old ideals. If this means that some of the top executive…. [read more]

Sirius and Xm Satellite Radio Term Paper

… It has 20 presets and a built-in wireless FM transmitter for use on all 100 FM frequencies. A home system that integrates with existing audio equipment is also available, with prices ranging from $250 up to $2,000. A head unit can also be placed in a car, and Sirius has over 15 headunits to choose from in prices ranging from under $200 to over $1,000. Some of the more reasonably priced units come with CD players and removable fronts.

Sirius has two Loral FS-1300 satellites in orbit, which cover the entire United States, with each satellite designed to have a useful life of about 15 years from time of launch. Its system uses terrestrial repeaters to maintain signal quality in areas with high concentrations of…. [read more]

Ford Motor Company Business Research Paper

… The investors of the sector would like to ensure that their long-term economic interests are served through investment in the sector. Therefore a requirement for the appropriate corporate governance is increased. The business should develop a plan to increase investor confidence through establishing a sustainable growth strategy. Following key principles are identified and explained in detail to address issues of corporate governance.

Ethical business Approach:

The organizational business area should be in line with the ethical business practices including the culture, society, and organization's perusal for its goals. Ford Motor Company requires highlighting the importance of value for the society, its organizational culture, and markets in which the business operates. The business should develop and work towards ethical business objectives. The possible goals for the…. [read more]

General Motors Was Founded Term Paper

… Smith says that they will be safe and fun to drive. GM will capitalize on their size, expertise and global resources in response to the lessons of the past. It is particularly proud of EV1, which is lightweight in structure and has the world's most advanced electric drive system and regenerative braking system, laying the foundation for electric, hybrid and fuel-cell products. Marketing plans for the vehicles, he says, depend on global transportation infrastructure, affordability and customer acceptance of new technology. He maintains the need to blend and balance sound science and sound economics. Referring to the recent Kyoto global climate agreement, Smith clarifies that GM will pursue options that provide the greatest promise of increasing fuel economy and lowering emissions, emphasizing that innovation and…. [read more]

TQM Application at Ford Motors Essay

Can TQM go wrong?

Although there are many successes that Ford could achieve through incorporation of TQM and Six Sigma processes, Challenges were bound to catch up with the organization through their path to succeeding. First of all, Ford lacked a strong definition of what quality meant for them. Secondly the company did not have a plan of transformation and a formidable leadership. The workforce was not motivated hence the inability of the company to fully achieve its TQM goals. The perception in Ford that TQM can be employed as a short term objective would not be long lived and would occasion obstacles in the process of implementing the plan. Through the improvement of leadership the challenges faced by Ford can be…. [read more]

U.S. Statistics Indicate That 80 Capstone Project

… The key thrust for performance excellence is to establish a culture of continuous improvement and innovation that builds upon a strong foundation of quality, professionalism and team excellence always.

Researcher's Work Setting and Role

The researcher has been an officer of the Republic of Singapore Air Force (RSAF)

for 10 years. The researcher has held the equivalent rank of Major since 2001. The

researcher has held positions as a deputy Officer Commanding Quality Assurance and a Flight Commander at an F-16 Air Force Base in Singapore. Currently the researcher is the Senior National Representative of the Republic of Singapore Air Force at the Ogden

Air Logistics Centre (OO-ALC), Hill AFB, Utah. The researcher received his Bachelor of Engineering in Mechanical Engineering with specialization in Advanced…. [read more]

E-Commerce Communications Electronic Term Paper

… Types of internet-based EDI: Internet e-mail can be used in place of value added network to support the transfer of data in EDI. Alternatively, companies can create extranet systems through which trading partners can exchange information in web form, whose fields correspond to the fields in EDI messages. The third option is for companies to make use of the services of a web-based EDI hosting service, which will enable them to provide their own EDI services over the internet. Netscape Enterprise is an example of web-based EDI software available to companies. (Commission of the European communities, 1992, p.4)

The central element to EDI is the coding and structuring of the data into a common and accepted format, which is no easy task. There are many…. [read more]

Non-Western Comparative Politics Essay

… Tanaka Kakuei Corruption

Chalmers Johnson, one of the U.S.'s foremost Japan experts, tells us the story of Tanaka Kakuei and the shocking extent of his corruption. But Johnson tells us this story so we can better understand the nature of Japanese politics and the role of the bureaucracy. What is Johnson trying to illuminate for us?

Chalmers Johnson has conducted a very thorough research into the political system of Japan and the role played by Tanaka Kakuei in revolutionizing the elitist political scene. Johnson doesn't try to downplay the corruption scandal associated with Tanaka but he looks at it in a more objective manner. Instead of accusing him of corruption per se, he goes deeper into the very heart of Japanese politics to understand why…. [read more]

Transforming a Contractual Recall Obligation Into a Profit Center Research Paper

… Transforming a Contractual Recall Obligation Into a Profit Center

The field of operations management is primarily focused on transforming various types of inputs into outputs through the use of physical resources in order to produce the desired outcomes for purchase by customers while still satisfying the other organizational objectives of enterprises such as efficiency, effectiveness, and flexibility (Kumar and Suresh 14). The purpose of this paper was to identify and apply OM (Operations Management) concepts and tools that were used to solve a real-world operational problem and improve operational performance for the country's largest automotive retailer, AutoNation. The problem of interest was the level of recalled vehicles being experienced at AutoNation which exacted a heavy toll on service departments from customers who want recall work…. [read more]

2007 Economic Crisis on American Thesis

… S.

One of the main factors which incremented this crisis even more was the expensive cost of automobile fuel, this was linked to the global oil crisis which occurred before the automobile crisis. The rise in fuel prices caused the general consumer to shift in their demand and they now opted to buy except for the large vehicles such as pickup trucks or SUV's as compared to the other vehicles available in the market since the larger vehicles tend to use more fuel.

Another major factor which aggravated the crisis was the considerably high cost of labor which was greater as compared to the labor's counterparts in non-unions, this included salaries, healthcare benefits, pensions and other related job benefits. The management while demanding labor peace…. [read more]

Challenges of Enterprise Resource Planning ERP Implementation Dissertation

… ERP Systems


The contributions of Enterprise Resource Planning (ERP) systems continue to be problematic for many organizations globally. Continually challenged across industries to get the greatest potential value from their significant investment in ERP systems, many organizations continually add on incremental applications and processes. This continual addition of modules, or as they are often called, ERP extensions, only serves to create a far greater level of system, prices and integration complexity. Ironically organizations choose to expand their use of ERP systems to reduce process, system and integration complexity, yet ironically the opposite often occurs. The role of ERP system as central catalyst and coordination point of information throughout an organization is going through a fundamental change today. No longer siloed…. [read more]

Teamwork the Important Features Influencing Term Paper

… With the growth of business and its variegation, and supply chains regularly stretch across the world, an increasing number of executives are under compulsion to create and organize teams whose constituents hardly ever function on a one-to-one basis regardless of their readiness. (Katzenbach, 1997)

Appreciating the penchant towards work is a vital constituent in shaping personal, team and organizational achievements as a whole. A discernible growth in achievement could be witnessed, provided companies were capable of appreciating and exploiting the synergy of teamwork in collective formations. Normally, the workforce is armored to function in teams and the most important responsibility of the organization in this situation is to assimilate team functions into routine work models. (Steven, 2004) The responsibilities assigned to a team changes considerably…. [read more]

Challenges of Enterprise Resource Planning ERP Implementation Research Proposal

… ERP Systems

Challenges of Enterprise Software Implementations

Organizations are being constrained by the lack of role-based data, information and intelligence that Enterprise Resource Planning (ERP) systems are capable of delivering today. A widening gulf is occurring between traditional means of providing data and intelligence and the rapidly evolving needs of organizations who have invested millions of dollars in ERP systems. To align the data, information and intelligence from ERP systems to the needs of organizations, role-based taxonomies and data publishing and propagation strategies need to be put into place. The low levels of customer satisfaction with ERP systems support this point as do the rapid adoption of hosted and Software-as-a-Service (SaaS) analytics applications that can be expensed in a given financial period, thereby sidestepping the…. [read more]

Sociology History of Business Science Research Proposal

… Delimitations

Today, modern business systems help an increasingly globalized world function in seamless ways. In fact, English is rapidly becoming the lingua franca of the business world and transnational borders and cross-cultural factors no longer operate as major barriers to commerce. Further, a wide range of financial instruments exist such as letters of credit and bills of lading whose purpose and operation are readily understood by businesspeople from New York to New Delhi. Business correspondence too has a fairly standardized format that businesspeople all over the world both use and understand and all of these features have helped create a modern business system that is both efficient and effective in achieving the movement of goods and services around the world. All of these business systems,…. [read more]

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