There are different approaches that can be utilized to create a better understanding of operational management. These various approaches assist in analyses of different conditions in the company and actions by managers and leaders are taken according to the existing situation. All of these approaches are discussed below briefly:

Just in time of Leadership and management concept

The process of production can be increasingly focused on this method. It is required to accomplish all of the production processes on time with the achieved goals and targets that are set for an increased level of betterment for the company. This can lead an organization to achieve results in a short period of time (Ahid & Augustine, 2012). It also leads to a reduction in wastage of resources and with a decrease in its wastage and use of all of the available resources with potential can lead process accomplishment in an effective way with less usage of time that can lead them to achieve more goals as all of the processes can be just in time. Furthermore, complete care of machines and tools is taken with complete monitoring so there can be correct manufacturing with the required outcomes to the development of the company.

Total quality time of Leadership and management concept

Planning is done for a long period of time in total quality time in which success is achieved. There are lifetime success rewards in this process and they can get success in an effective way. These long term success rates lead them to have great profit. The quality of products is maintained with the price of its products and services because when strategies are applied to reduce initial cost, the final product cost is not so high.

Lean production of Leadership and management concept

To get effective results and output this theory is beneficial to use to get the highest results. There are various factors that are affecting output. Among all of these affected factors, the most important one is to get the required output with reduced wastage by utilizing available resources according to its capability and effectiveness (Ghasabeh, Sayyadi, & Reaiche, 2015). It is the responsibility of managers and leaders to aware about the effective use of available resources so they can efficiently reduce wastage and can get an effective outcome from it. The productivity of the work is improved by this method and it also assists workers to increase their capability rate and their skills.

Role of managers of Leadership and management concept

Roles of managers and leaders are explained that are required to perform effectively for the efficient level of success of an organization:

·         The responsibility of managers in an organization is to recruit capable and skilled employees according to positions available in an organization. It is the duty of a manager to analyze well capabilities of an applicant and to put them in the right position according to their skills (Liao & Chenwei, 2017).

·         All of the resources are managed effectively by managers according to the skills and capabilities of employees. All of the activities in an organization are under the control of a manager and the assure accomplishment of all of the processes in a given time with the required outcomes.

Role of leaders of Leadership and management concept

Leaders are the creators of an organization. Their unique roles and responsibilities are mentioned as:

·         All of the requirements and desires of an employee are analyzed by a leader and it is their role to provide motivation to them according to their needs.

·         It is the role of a leader to increase the productivity and potential of employees so they can perform in a better way for the benefits of the organization (Belbin & Meredith, 2012).

·         It is the leader’s responsibility to take care of the path for employees and all of the decisions and processes are made for them so they can follow those ways that can assist them to get required outcomes.

P5 Importance of operational management and the role of leaders and managers

It is highly required to understand the importance of operational management in an organization to accomplish the required goals and to get desired outcomes. Toyota is required to understand and analyze the significance and value of operation management for the effective achievement of business objectives in a set period of time in a better way with better productivity.

Increase in revenue of Leadership and management concept

The benefit of operation management in an organization is to provide assistance to get an increased ratio of profit and its calculation (Amanchukwu & Lobule, 2015). Businesses can get expand in a better way if there is an increase in the level of profit from the existing conditions and businesses can get expand in various areas and can also avail other segments of the market by launching new products with the help of increased profitability rate. New targets can also be established by an organization with an increased level of profit and they can easily achieve them that can make further progress in their business.  

Market trends of Leadership and management concept

With every passing day and advancement in technology, there are different trends that appear in the targeted market. It is important for an organization to achieve these trends and to take action on these changing trends. It is required by an organization to take steps according to changing trends so their services and products are processed according to changing trends and it can be easy for an organization to satisfy its customers (Arruda, 2016). It can also assist an organization to retain its skilled and professional employees for a longer period of time that is also beneficial for the company.

Increased sale rates of Leadership and management concept

Sales of Toyota can be significantly increased with the help of operation management effectively with the increased level of services provided to its customers because of the conduction of research about their new techniques. It can provide competitive advantages to the organization.

Improvement in the efficiency of operational management by leaders and managers to accomplish business objectives successively

As it has been discussed in this report that there is a significant role in Toyota that is played by managers and leaders, they are leading success for the company. All of the available resources are used by the managers and leaders because of their strong relationship to perform activities that can assist an organization to accomplish its desired objectives and set goals according to their capability, skills and potential to perform activities for the benefits of the company (Dragnić, 2014). Each situation is analyzed and evaluated according to its resources. Requirements of employees and desires of customers are also accessed and analyzed and are accomplished according to market requirements and changing trends. All of the activities are implemented by leaders and managers by proper planning to get required and accurate results with the maintenance of efficiency of employees. Cost and fund planning are also evaluated completely in Toyota for effective outcomes and efficient implementation of processes.

References of Key approaches for operation management and the role of managers and leaders 

Ahid, & Augustine. (2012). The roles and responsibilities of management accountants in the era of globalization. Global Journal of Management and Business Research.

Ahmed, Riaz, & Mohamad., M. T. (2013). Leadership is vital for project managers to achieve project efficacy. Research Journal of Recent Sciences , 99-102.

Amanchukwu, & Lobule, S. a. (2015). A review of leadership theories, principles and styles and their relevance to educational management. Management, 6-14.

Anantatmula, & Vittal. (2010). Project manager leadership role in improving project performance. Engineering Management Journal , 13-22.

Arruda, W. (2016). 9 Differences Between Being A Leader And A Manager. Retrieved 2019, from forbes: https://www.forbes.com/sites/williamarruda/2016/11/15/9-differences-between-being-a-leader-and-a-manager/#5db21eb64609

Belbin, & Meredith. (2012). Team roles at work. Routledge.

Dragnić. (2014). Impact of internal and external factors on the performance of fast-growing small and medium businesses. Management: journal of contemporary management issues, 119-159.

Ghasabeh, Sayyadi, M., & Reaiche, C. S. (2015). The emerging role of transformational leadership. The Journal of Developing Areas, 459-467.

Heller, & Darling., V. J. (2012). Anatomy of crisis management: lessons from the infamous Toyota Case. European Business Review, 151-168.

Kelloway, & Kevin. (2012). Transformational leadership and employee psychological well-being: The mediating role of employee trust in leadership. Work & Stress , 39-55.

Liao, & Chenwei. (2017). Idiosyncratic deals and individual effectiveness: The moderating role of leader-member exchange differentiation. The Leadership Quarterly, 438-450.

Marksberry, & Phillip. (2012). Investigating “The Way” for Toyota suppliers: A quantitative outlook on Toyota's replicating efforts for supplier development. Benchmarking: An International Journal , 277-298.

Pongpearchan, & Purit. (2016). Effect of transformational leadership on strategic human resource management and firm success of Toyota's dealer in Thailand. Journal of Business and Retail Management Research.

Shim, & Steers, W. S. (2012). Symmetric and asymmetric leadership cultures: A comparative study of leadership and organizational culture at Hyundai and Toyota. Journal of World Business, 581-591.

Vaccaro, & Ignacio. (2012). Management innovation and leadership: The moderating role of organizational size. Journal of Management Studies , 28-51.

Zhang, Zhen, & Shi, W. a. (2012). "Leader-follower congruence in proactive personality and work outcomes: The mediating role of leader-member exchange. Academy of Management Journal, 111-130.