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Introduction of Cross-Country Differences Analysis in Management Practices of Japan, United Kingdom, United State of America and South Africa: Using Toyota as Example

Category: Financial Statement Analysis Paper Type: Report Writing Reference: CHICAGO Words: 250

In this paper, there is the discussion on the cross-country differences analysis in management practices; however, every country has its own management style based on its culture. In the paper, there is the analysis of four countries example, Japan, United Kingdom, United State of America and South Africa. For the analysis of the strategies and management practices; the Toyota Group is selected; because the company is effectively using management practices in the countries according to the cultures. Kaizen and Just In Time (JIT) are two conventional approaches under the management practices that are focused in the paper (Monden 2011).

Moreover, JIT principle is focused on the paper according to countries because every country responds to the current demands and relates it management practices with the culture. The differences and similarities in the practices of JIT and Kaizen are concerned according to the countries example, Japan, United Kingdom, United State of America and South Africa are focused. The concept of these management practices JIT and Kaizen are started before one-hundred years and Toyota Inc. applied the concepts for the production or acquisition after there were the huge inefficiencies and lost revenue. The adoption of JIT and Kaizen a continuous process improvement; was implemented by the Toyota Motor Company for the development and manufacturing and success of the business (Akdeniz 2015).

References of  Cross-Country 

Akdeniz, Can. 2015. Lean Manufacturing Explained. Can Akdeniz.

Monden, Yasuhiro. 2011. Toyota Production System: An Integrated Approach to Just-In-Time, 4th Edition. CRC Pres.

 

 

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