Toyota Cars Recalls Research Paper Example | Topics and Well Written Essays - 2500 words

Toyota Cars Recalls - Research Paper Example Finally, the purpose of this academic paper is to possibly recommend applicable solutions based on conflict management principles that would address the identified problems encountered by the Toyota Motor Corp. To further understand, how and why Toyota ended up with the Toyota Recall incident it is necessary to have knowledge on the background of the company and how it operates in the field of the automobile manufacturing industry. Toyota Motor Company Early Beginnings In 1933, Toyota did not out rightly start as an automobile manufacturing company. Actually, the family that started it was initially engaged with just spinning and weaving textiles and looms under Toyoda Automatic Loom Works, a small division, which was under the direction of Kiichiro Toyoda. It started to manufacture vehicles when the Japanese government at war with China encouraged this company to manufacture the needed domestic vehicles. (â€Å"History of Toyota†, 2011). A Window to Toyota Motor Corporation ( TMC) Today The CEO Who is running Toyota Motor Corporation today? â€Å"Akio Toyoda is the present President and Representative Director of the company. He is the grandson of the late Kaiichiro Toyoda, who operated the Toyoda Automatic Loom Works, a company devoted to manufacture automobiles during the 1930’s. Akio Toyoda was elected to the said positions in 2009 replacing Katsuaki Watanabe.† (â€Å"The President†,2011) TMC’s Domain â€Å"TMC’s domain belongs to the automotive industry and thus, its main product is the automobile. However, TMC today has expanded to other non-automotive business activities to include financial service business segments† (â€Å"Toyota Company Overview†, n.d.).Their stakeholders include: customers, business partners (dealers and suppliers), investors, consumers, nongovernmental organisations government, community, stockholders. Vision & Philosophy â€Å"Since its foundation, Toyota has been using the Gu iding Principle which says: to produce reliable vehicles and sustainable development of society by employing innovative and high quality products and services† (â€Å"Vision & Philosophy, 2011). Guiding Principle: â€Å"TMC’s guiding principle is to produce reliable vehicles and sustainable development of society by employing innovative and high quality products and services† (â€Å"Guiding Principle†, 2011). Toyota Global Vision 2020 â€Å"Toyota promotes efforts towards finding balance between the cycles of nature and the cycles of industry. Toyota commits to the ideals being pursued for People, Society and the Global Environment through the combined energy of people and technology† (â€Å"Toyota Global Vision 2020†, 2011). Employment: 320, 590 (Total in affiliated companies) Date Founded: August 28, 1937 Capital: 397.05 billion yen (as of March 31, 2010) Note: Information current as of June 2010. The number of employees includes those dis patched from other companies as of March 31, 2010 (â€Å"Company Profile†, 2011) TMC’s Organizational Structure â€Å"We have a fairly flat organization, which allows for ease of communications and flexibility. Within departments the organization divides into groups and teams, this team structure is a key element of the Company’s effectiveness.†