Identify one functional strategy of Toyota Motors. Briefly discuss how this Organization can better achieve its organisational goals and objectives through improving this functional strategy.
Answer:
One functional strategy of Toyota Motors is Achieving Superior Efficiency -
Achieving Superior Efficiency- This is one of the key functional strategy of Toyota company and they have used this strategy to achieve the business and functional goals for Toyota organization. This strategy calls for uses of below key tools that helped in improving the functional efficiency of the organization like flexible manufacturing, JIT, largest technology utilization etc.
Toyota Organization can better achieve its organizational goals and objectives through improving this functional strategy as below
· Superior Efficiency improvements –with data analysis - This superior efficiency can be further improved with continuous process data collection and data analysis so that process data analysis will lead to variation reduction and the superior efficiency will further be improved.
· Superior Efficiency improvements –Statistical analysis – The use of statistical analysis for the data analysis will be preferred approach as the statistical analysis will lead to make the general problem and will bring general solution for the problems in the functional organization. Thus it will help in making significant contribution in efficiency improvement.
· Superior Efficiency improvements – waste reduction – The use of strategy of superiors efficiency achieving will help in reducing the variation of the process to the extent possible and resulting in higher efficiency and thus helping in achieving the business goals and objectives with superiors efficiency approach.
· Superior Efficiency improvements – This will help in lower cost, lower resources, better output, and improved operations and free from assignable causes in the process, thus it is making the process more robust and delivering the target outcomes expected from the process.
Identify one functional strategy of Toyota Motors. Briefly discuss how this Organization can better achieve its...
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