StudentShare solutions
Triangle menu

Role of Knowledge Management in enhancing mgt. decision making in Toyota - Lab Report Example

Nobody downloaded yet

Extract of sample
Role of Knowledge Management in enhancing mgt. decision making in Toyota

Corporate management is now handling a global-scale brand of management, requiring a different kind of strategy, much distinct from traditional management. Advancement in technology is fast; innovations are applied every minute. There is what we call Web 2.0, or web-enabled infrastructure allowing business-customer and business-to-business interaction. This spawns databasing or shared repositories. The internet has revolutionized business functions and introduced countless innovations in the globalized world.
Toyota Motors is a knowledge-based, global firm, leading the world in the car manufacturing industry. It has been the world’s leading car manufacturer, with branches worldwide, but recently a controversy has hounded its worldwide operations and colorful past, probably putting its leadership in the car industry in question. Problems over the hybrid Prius’ quality lapses that included braking problems and sticking gas pedals forced a global recall of 8.5 million vehicles, 6 million of them from the United States.
Questions have arisen: how will Toyota resurrect from the ashes of a tainted hybrid Prius? Will it ever become the once glorious company which started its humble beginnings from a troubled Japanese economy?
This essay will delve on the company Toyota, as a whole, and the particular technical aspect of its success – the introduction of knowledge management. For all of its successes, knowledge management played a key role in Toyota’s rise to ‘stardom’.
Toyota has been on the forefront of car making because of an effective strategic and operational management coupled with an efficient and competitive workforce. Their strategies involve innovations in production, marketing, sales and promotions, and branding. But to top it all, it has been able to handle knowledge management like it is a part of ordinary business.
In the 1950s Toyota was only a ...Show more


Organizations have to reorganize, re-evaluate and reprogram outdated functional programs and activities, and realign them to the…
Author : hodkiewiczloma
Role of Knowledge Management in enhancing mgt. decision making in Toyota essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the lab report on your topic
"Role of Knowledge Management in enhancing mgt. decision making in Toyota"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

Operations management
Hotel Operators in choosing to operate Budget or Luxury Hotels have to define strategies that will ensure profitability, but the nature of operations, and the services provided, differs in terms of quality, speed, reliability, dependability, cost, and flexibility from an Operations Management perspective.
10 pages (2500 words) Lab Report
Anchoring effects on judgement and decision making
The study also tried to evaluate the effect that knowledge had on the dependent variables. It was expected that both the value of the anchor and the presence of the anchor would influence the value and the accuracy of the responses. Similarly, the study expected to find that knowledge enhanced these effects.
8 pages (2000 words) Lab Report
Managers, Management and the Management Environment
The scope of management in an organisation is therefore formulating strategic short-term and long-term plans, organising the resources needed to achieve the set plans, recruiting staff, coordinating and
12 pages (3000 words) Lab Report
Report for toyota
nciples also ask companies to prepare a collection of core values in the sphere of labor standards, human rights, anti-corruption and environment (United Nations Global Compact, n.d.). Global Compact’s local network comprises of a cluster of participants of global compact
3 pages (750 words) Lab Report
Report of Toyota
More than 5000 companies across the globe are signatories to the UN Global Compact and respond to its 10 core principles. However, we are limited to just 2 principles in our discussion here. An explanation of the two principles goes as
3 pages (750 words) Lab Report
Project management
project, which will provide a three-storey building (ground and two upper floors) and over 2,300 sq m of space, a mix of multi-purpose areas to accommodate 250 people. The amenities include an administration area (offices), 4 meeting rooms, a performing arts studio, lounge and
1 pages (250 words) Lab Report
Safety management
The latter have been in use for long until better and more inherent accurate components were developed to give accurate results having decimals contrary to analog
2 pages (500 words) Lab Report
Information system project management
The paper aims at evaluating staff profile during the selection of a project team and providing a brief description of the relationships between tasks that are to be carried out in a project. Several surveys indicate that a number of IT based projects that are
12 pages (3000 words) Lab Report
Practical-Tablet Making
Department of Health and Human Services Food and Drug Administration Center for Drug Evaluation and Research (CDER), 2013). These factors are affected by the chemical composition of the drug forming ingredients. In this experiment, paracetamol tablets made of different
3 pages (750 words) Lab Report
Event management a report)
Different forms of performances will be conducted during the events and the participants will be registered according to the
9 pages (2250 words) Lab Report
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
Comments (0)
Click to create a comment