1. Introduction
2. Toyota background
3. Toyota production analysis
4. Toyota and globalization
5. Toyota and HRM
6. Ethical issues and globalization
7. Conclusion
8. References
Introduction
Toyota is one of the largest car manufacturers in the modern world. In fact, this multinational corporation has become the leading car manufacturer replacing the world leader General Motors which has remained on the first position within several decades. Obviously, this is a tremendous success for a Japanese company that was founded in 1937 and became the leading company of the world automobile market. Nowadays the company is one of the most influential players in the world market.
In terms of this research, it is particularly important to dwell upon the influence of globalization on the management of the production. It should be pointed out that this section of the research paper should focus on the main changes that occurred within Toyota, understand their causes and perspectives. To put it more precisely, it will be necessary to discuss the current global expansion of Toyota which builds new plants and acquires or creates new brands worldwide. In such a way, the company expands its markets and increases production. At the same time, this trend is directly linked to the process of globalization which eliminated substantial financial barriers and open Toyota the way to new markets, especially those of developing countries.
Not less important is the analysis of the human resource management of Toyota since it was traditionally considered to be one of the most successful companies in this respect. This section will analyze the changes that have occurred in this domain and the influence of the process of globalization on the company’s human resource management, which apparently needs to be changes since the traditional human resource management applied to Toyota, being quite effective, may not work well enough outside Japan, as well as in Japan
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