MGT499 - Strategic Management Essay Example | Topics and Well Written Essays - 500 words

MGT499 - Strategic Management - Essay ExampleCompanies be not always able to be what they want to be they fail to develop a clear strategy which will help them get to their strategic goals and objectives. The reason for this positive tendency of Toyotas activity and the stability in supplying and servicing its customers is in the fact that the company keeps to the principle of finding the rational balance in production without overloading the equipment and overburdening the staff. The al-Qaida of the organizational knowledge and the companys long-term philosophy should be under constant protection, which is provided through the stability of power and its slow promotion. Fast promotion may serve as a negative factor in companys vision as it will make the staff feel the easiness of achieving the highest posts, while the career pass of each worker should go through the each stage of production, assuring that this worker totally accepts the long-term philosophy of the company and his future activity will be aimed at supporting it. All 14 principles show, that Toyota has created a new quality system, which works effectively for the benefit of the company. Intensive training is performed with the following governance of project team, aimed at increasing the profitability, reducing non-productive actions and the time of production cycle.However, In 2010, Toyota has become the object of the colleague professional attention. During the first half of 2010, customers came to associate Toyota with regular troubles and the beginning of a deep strategic crisis. Whether these troubles are the result of the lack of strategic vision or a well-developed consumer fraud is yet to be ascertained but the company regularly recalls its cars for minor or major technical problems. The current state of publications treats Toyota like a company, which must learn the lessons of crisis and their influence on the companys brand. For further analysis, the