Using Teams in Production and Operations Management

Using Teams in Production and Operations Management

Jason R. Lochlain

Contemporary Business

BUS 508

Hampton University

Professor Etido Agio

May 8, 2012

Describe a major global corporation: (1) a leading manufacturer or (2) a major retail or restaurant business. Describe the type of business, market share, financials, size, and global presence.
    Toyota Motor Company is one of the largest auto makers in the world, employing over 300 thousand workers around the globe with revenue totaling 19 trillion yen and profits of 284 billion yen as of first quarter 2012 (Toyota Motor Corporation, 2012).   The company headquarters is located in Toyota City, Japan and was founded in 1937 by Kiichiro Toyoda.   Toyota is led by CEO Akio Toyoda who is carrying on the tradition of innovation and leading the world in quality automobile manufacturing.   Toyota Motor Company is part of a larger parent company, the Toyota Group, which includes many subsidiaries in the auto industry as well as those involved in financial services, insurance, technology development, robotics, and communications.   Toyota maintains a 15 percent market share so far for the 2012 year, exceeding its 12 percent market share recorded from the previous year.   Toyota is ranking higher in market share compared to other Asian car manufacturers and is quickly catching up to leading American car manufacturers such as GM, which has a current market share close to 18 percent (Toyota Motor Corporation, 2012).
    Toyota is a leading car and truck manufacturer that has operations that span the globe in Asia, North America, and Europe.   Toyota predominantly produces small sub-compact cars, light trucks, SUV’s, hybrid economically friendly cars, crossover type vehicles, and light commercial vehicles.   Through their Lexus brand Toyota is offering high-end cars that fit the luxury market.   Toyota has always been a car manufacturer that has put value and quality first in producing...