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Similarities and differences in two management practices of countries

Category: Financial Statement Analysis Paper Type: Report Writing Reference: CHICAGO Words: 320

JIT and Kaizen in Toyota Japan

Focus on the management practices of the Toyota Japan, it needs to be concerned that the company focuses on the investment in training and there is the selection of the top management so that company could effectively provide the benefits to the client under the quality circle. There is the flexibility during management in Japan management yet, however, relating to the Japan, it needs to be noticed that Toyota is in the top ten automotive companies because it is Japan’s largest automobile company, however, the company was formed by the Kiichiro in 1933. The Toyota Production System effectively focuses on the Japanese management techniques so that there could be successful in the market moreover, with the measuring and decreasing inventory the company is effectively managing the westernized version of JIT so that the benefits under the lean manufacturing could be obtained and so that there could be benefits under the mass-production systems.

In the Japanese market, the Toyota often faces the pressure for productions, however, through the Japanese management techniques and following the cultural patterns as well as the traditional conventions Japanese management focuses on providing the best the customers. In traditional Japanese management, decentralized decision-making and quality control methods are focused by some codified work standards. However, Toyota follows the laws by the market example, the seniority-based compensation, and other laws so that maximum benefits could be attained to boost the Japanese economy (Biswas, 2018).


Fig 1: Basic concept of Toyota production system

Source: (Otsuka, 2018)

References of Similarities and differences in two management practices of countries

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

Biswas, Abhijeet. 2018. What it takes to crack an M&A deal with Japanese investors. April 9. https://www.businesstoday.in/opinion/columns/what-takes-crack-mergers-and-acquisitions-deal-japanese-investors/story/274425.html.

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

Otsuka, Keijiro. 2018. Applying the Kaizen in Africa. Springer.

 

 

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