Acheiving Global Competitive Advantage Free Essay Example, 2000 words

It aims to give loans to people who aim to buy their vehicle. The company is going to issue bonds (of local currency) in India and gain out of the high credit ratings (Reuters, Articles, 2011). Key Executives: Akio Toyoda, President and Director Kazuo Okamoto, Vice Chairman and Head of Research & Development Takeshi Uchiyamada, Executive Vice President and Director Yukitoshi Funo, Executive Vice President and Director Yoichiro Ichimaru, Executive Vice President and Director Atsushi Niimi, Executive Vice President and Director Shinichi Sasaki, Executive Vice President and Director (Hoover, Tata Motor Corporation, 2011) Internal Environment: The internal environment of TMC depends on the element within the periphery of the organization. The structure, culture, human relation rules and regulations, skills of staffs determine this faà §ade of the organization. Post global down-turn the organization regained its global standing soon. This indicates that TMC has a benevolent internal environment, which is conducive to growth (Koonz & Weihrich, 2008: 105). 3. INTERNATIONAL BUSINESS Human Resource Management: TMC has always had a goal of being a global leader. However team-working was not appropriate at time. This hindered the growth of the company (especially after the economic slow-down). We will write a custom essay sample on Acheiving Global Competitive Advantage or any topic specifically for you Only $17.96 $11.86/pageorder now Now the organization has inculcated new techniques to increase employee satisfaction, and thereby production. The company relies on mutual trust and help. The organization has implemented the ‘just-in-time† principle. The frequent trainings for the employees render satisfaction and the skills needed for the global competition. The superiors guide the juniors to help them work with efficiency (Griffin and Moorhead, 2009: 519-520). Corporate Culture: The corporate relations of the country are following a proper planning since 1992. The relations between customers and the company are being followed by â€Å"Seven Guiding Principles†. This reflects the high-end management philosophy of the company (Toyota Annual Report, 2009). Technology: TMC, being one of the leaders in car manufacturing spends huge amount of money to utilize superior technology during their manufacturing process. They ensure that the cars are made using best quality products and technology. The company spend 9.8 billion US$ for research and development of products via superior technology. Prius (of Toyota range) achieved the â€Å"Engine of the Year Award† in 2009. It got 12 awards. However, the company is still skeptical of the negative consequences of the striking gas pedals since 2010 (Toyota Annual Report, 2009).