Toyota Corporation Toyota corporation is a virtual international automotive manufacturer headquartered in Toyota, Aichi, Japan, and second-largest automobile manufacturer behind Volkswagen. Currently, Toyota ranks among the few companies globally, with a high employability index with an estimated employee number of over three hundred and sixty thousand. As of December 2019, it was the tenth-largest company worldwide by revenue base and the largest Japanese company by market capitalization. It consistently maintains its manufacturing base at par, producing more than ten million vehicles annually. Toyota’s Corporation’s financial goals For the company to survive the stiff competition globally and expand market size for its products, the company has set up financial goals as part of making a proactive investment for sustainable growth. Toyota aims to attain a steady development in the environment and global economy by providing excellent service to all its customers, which will improve its profit margins in the sales. Besides, the aim to make steady progress through the invention of befitting vehicles to the market is the other goal for the company. For instance, a program under implementation is Toyota…
managers can use information technology resources to compile reports and perform other management tasks With the recent trends in education, it has become vital for public managers and policy informatics analysts to have specific competencies to carry out their functions within the company. When it comes to public managers and information practices, they can participate in the implementation of information technology practices on behalf of their company. They can work in collaboration with the technicians and IT staff and help them in implementing data optimization software, virtual machines, cloud networks, and others. On the other hand, managers can use information technology resources to compile reports and perform other management tasks. For practical analysis of company policies, policy analysts should be able to update themselves and their working procedures. They should be well equipped with existing company policies. Also, for understanding the resource utilization in a project, policy analyst must be able to conduct more advanced levels of surveys. Public managers and policy analyst play an essential role in a company, and by that extension should have some competence in a…
establishing better human resource management practices in an organization Abstract The purpose of this paper is to investigate and establish better human resource management practices in an organization. Brunt Hotels is trying to set up new hotels in France, and the have to lay down a structure in their human resource to avoid failures in their new market place (Armstrong & Taylor, 2020). Human resource management is key to any organization as it determines how employees can provide better services to a company and how customers can be managed, for instance, customer acquisition, retention, and loyalty; thus, human resource management is fundamental. Introduction Brunt Hotels refer to a group of hotels in the UK that specialize in hotel services, lodging, and accommodation for long-distance travelers. Brunt Hotels have expanded their services to various locations in the UK and London. The estimated number of hotels in the UK is 60 and 20 in London. The visionary leadership of Brunt Hotels has turned the small and growing institution into a significant investment that generates enormous income every year. Brunt Hotels is trying…
marketing plan consisting of the goals, objectives as well as marketing strategies for the East Chestnut Regional Health System Introduction East Chestnut Regional Health System (ECRHS) is a system made of three organizations, that is, the Northern Mountain Hospital Consortium, the East River Medical Center, and the Archway Hospital. However, the core purpose of the partnership was to improve medical services in the region since most people opted to go to more critical health centres. Yet, ECRH has decided to establish a marketing plan to improve its services and operations to the region hence obtaining more clients than usual. This paper will present an effective marketing plan consisting of the goals, objectives as well as marketing strategies for the East Chestnut Regional Health System. Goals and objectives for a marketing plan Goals The first goal is to identify the core purpose of the organization which is to provide better healthcare services The second goals will be administered in terms of services provided, market leadership, and increased productivity Objectives The objectives of the marketing plan will include the following: The specific…
Global Green Book Cost Management Global Green Books specializes in providing its customers with high-quality e-books. The company started as a small-budget project by two allies but soon grew into a big organization. However, several problems emerged during the third year, such as inability to leverage new workers effectively, failure to make timely deliveries to their clients, failure to provide high-quality texts, and failure to manage costs making them business non-profitable. Consequently, the company hired a project manager hoping to revive the business’ profit margins. As a result, the new project manager, Samantha, made several innovative decisions that transformed the status of the company. The questions raised in this discussion address these challenges and subsequent solutions, especially the issue of controlling costs. Also, this study reveals the essence of proper project management in running a business. Effective project management is crucial in the success of any business, regardless of whether it is a small project or a massive undertaking by a big organization. Over the years, the concept of project management has evolved from a philosophical understanding of a business…
Understanding weaknesses and threats – achieving business objectives There are various factors that can influence the performance of the organization. Some of the factors are the strengths of the organization, while others can be its weaknesses. Some factors offer opportunities for further growth, while others threaten the same. Understanding the weaknesses and threats, along with the differences between them, is crucial for any organization. The weakness of an organization Weakness can be stated as the limitations, defects, faults, or shortcomings of the firm that act as an obstacle towards the achievement of the organizational objectives. The weaknesses often hinder the performance of the organization and prevent optimal output (Pickton & Wright, 1998). These are the segments where the organization needs to incorporate improvements if they want to maintain their competitive edge in the market. Working on the weaknesses enables the organizations to obtain higher turnover than the industry average, maintain debt levels, increase supply chain adequacy, and better capital management. Some of the most common examples of organizational weaknesses include: . Substandard investments in organizational research and development, Minimal margins…
General Motors’ strategic business model General Motors’ strategic business model has made the company a dominant automotive company in the American and Chinese markets. However, the company has had some turbulent times in recent years. GM has experienced a decline in its global market share over the past 10-15 years (Doiron and Higgins 2). The company’s declining market share is attributed to the increasing competition from small and mid-sized car companies around the world. The challenges faced by GM have prompted the company to restructure its business model to conform to the new market trends. In this regard, GM’s CEO, Mary Barra, announced that GM was committed to pursuing its new objective of an “all-electric future” (Doiron and Higgins 6). The move signals the company’s new strategy of leveraging on the electric car revolution to regain its leading position in the global automobile industry. However, the realization of GMs new strategic business model is not an entirely smooth ride. The financial problems plaguing the car manufacturer hinder the company from achieving its goals and objectives. The height of GM’s financial…
internal challenges faced by both the management and the employees Abstract The human resource management is essential in all organizations. It determines the kind of people to work and not to work for the organizations. A human resource manager oversees all the activities done in the HR department, including recruitment, placement, training, and retention. However, in most cases, the HR manager is given the power to run the performance management system. Most managers relax in their jobs, thus leading to rater error while doing an annual evaluation of the customer service employees. Introduction It is a competitive world, especially in the business world; hence it’s the core duty of every organization to be cautious of their daily activities. Most organizations trust their HR management to conduct the evaluation process annually, thus gives a clear final report concerning the employees. The performance management system is used to evaluate all the activities of employees in an organization. Some employees have practical skills in communicating and learning customer behavior, but by the end of the day, they end up being underrated…
Non-technical skills The 21st-century skills, commonly known as the non-technical skills, are a mandatory requirement in today’s job market. Individuals who possess these skills always have the upper hand in landing a job and thriving in it in the competitive workforce. Additionally, job probations have been instituted by countless companies to test a candidate’s non-technical skills and their ability to apply them appropriately. These skills are essential regardless of the department or specialization of work. Technology has significantly advanced over time, and organizations have profusely integrated computers into their day to day activities. Therefore, having the necessary computer skills will enable an individual to prosper in his or her job. Managers require employees who are conversant with computer packages such as word processor, Excel, and PowerPoint to perform specific tasks such as writing letters and reports, analyzing data, and designing graphics. More so, company research, and sending emails to clients, demand for computer literacy. One of the most overlooked critical skills in these recent times is customer service. Customer service involves providing quality and professional assistance to clients. Customers are…
Patient Management and Delegation Charge nurses combine their clinical experience with their managerial skills to effectively execute their duties. For their assigned shifts, the responsibility of charge nurses is to oversee a specific department within a given healthcare organization. As such, they oversee admissions and discharges, manage patient caseloads, and delegate nursing assignments. Simulation activities with clinical scenarios are vital as they help nurses to practice their clinical skills and sharpen their analytical skills continuously. Besides, simulation activities help nurses to improve their ability to pay attention to detail during patient observation and diagnosis. Experience As the charge nurse in the simulation, I happened to improve my patient diagnosis, critical thinking and clinical skills as a whole. From the simulated activities on delegation and caseload management, my ability to determine appropriate acuity levels and their respective rationales has improved significantly. Besides, during the simulated activities, I managed to identify with the stress level for which charge nurses should brace themselves. Moreover, I learned that the delegation of a patient assignment needs accurate analysis and critical thinking. In such a case,…