Operations and logistics management
Managers of many organizations are nowadays faced with an assortment of complicated communication as well as information technologies coupled with cut-throat global competition. These factors threaten the existence of their organizations and as such they must be prepared take drastic and decisive decisions such as making big bets and taking big risks which must be managed strategically in order to make sure that these organizations survive the increasingly fierce competition in the global market.
Corporate strategy assists managers by presenting them with the most recent methodologies that are suitable for use in developing and implementing workable strategies for their organizations (Saloner, Shepherd, & Polony, 2006, pp. 62-107). Drawing from appropriate conceptual frameworks as well as real life examples, managers or such other people involved in corporate strategy and operational management must have the appropriate knowledge that will enable the to develop business, corporate as well as functional strategies besides managing the merging of strategy with technology (Matthew, 2008, p.
34). Technology has greatly changed management by offering flexibility in the available strategic positions and operational management. These technological advancements have influenced changes in operational management and are opportunities for increasing productivity and as such do not shift the strategic direction of the
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The top priority of Toyota Corporation’s operation organizational strategy is to ensure a steady increase in terms of corporate value in the long run. In order to realize this goal, the corporation has made the necessary efforts in building business – friendly relationships with its stakeholders who include customers and shareholders, local communities, business partners and employees. The corporation’s conviction is that products that cater to the needs of the customers will enable them to achieve a stable and long – term growth.
In view of this situation, the corporation seeks to strengthen the field of corporate governance – which is their corporate strategy wing – by way of putting in place a variety of policies aimed at further enhancing its capacity as a worldwide corporation. Corporate strategy assists in giving the company direction as well as the scope the organization takes in the long run (Kazmi, 2008, pp. 28-41).
This is advantageous because resources are configured within an otherwise challenging environment hence ensuing that the organization meets market needs and that it fulfils stakeholders’ expectations. Toyota Corporation has put in place some basic approaches to harmonize the operations management department with the corporate strategies department in a bid to ensure that these two departments work in good relationship with a view to achieving its goals of being the global leader in the motor vehicle industry.