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Differences in management practices of countries

Category: Financial Statement Analysis Paper Type: Report Writing Reference: CHICAGO Words: 400

There are several differences in the management and managerial practices of these four countries, as Toyota in every country is managed according to the cultural practices. The Japanese market is effectively managing the kaizen, JIT and lean production for the Toyota but there are differences in managing the HRM practices. As in the UK market, the management techniques of the JIT and Kaizen system is based on the encouraging the flexibility and adaptability by amazing the local cultural forces. There is more focus on the desire of the market and there is quality control in the work standards. Consequently, there are differences in Toyota standard operation because the production line of each company effectively focused on the needs of quality assurance. The management practices of the Toyota in South Africa is concerned about the better management of the reputation for superior quality but there are still issues in techniques of the just-in-time, however, South Africa has high inflation rate; therefore, the management practices are not that fast like the practices in US or Japan (Akdeniz, 2015).

National culture and management practices

Every country is following the national culture, it is analyzed through the assessment that every country is using the own cultural patterns in Toyota in order to sell the vehicle effectively. It could be noticed thus, Japan stood first in managing the management practices according to the culture because there are better management and evaluation of the strategies, US is adopting the techniques in this way, from Japan (Monden, 2011).

References of Differences in management practices of countries 

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

Alexandra Brintrup,  Tomomi Kito,  Eduardo López,  Steve New, and  Felix ReedTsochas. 2011. "The structure of the Toyota supply network: The emergence of resilience." CABDyN working paper 1 (1). Accessed 11 02, 2017.

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.

Marksberry, Phillip. 2012. "Investigating "The Way" for Toyota suppliers." Benchmarking; Bradford 19 (2): 277-298.

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

Obara, Samuel, and Darril Wilburn. 2012. Toyota by Toyota: Reflections from the Inside Leaders on the Techniques That Revolutionized the Industry. CRC Press.

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

Toyota-global.com. 2017. Toyota Production System. Accessed 11 02, 2017. http://www.toyota-global.com/company/vision_philosophy/toyota_production_system/.

 

 

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