Management and Operations
In this era, effective management and operational practices are important for the success and growth of a business. Management is outlined because of the art and method of managing folks and activities at intervals of a corporation. On the opposite hand, operations management is connected to coming up with and dominant the assembly method (Heizer, 2016). this study relies on Toyota that is that the largest automobile manufacturer in the world. the chosen business is commonly attributable to its innovations and quality management techniques. this analysis outlines the key variations between the functions of a manager and also the role of a frontrunner at intervals Toyota.
The leader is defined as the person who is responsible for leading and motivating a group of individuals or employees in an organization. For a brand like Toyota effective leadership is vital in enhancing the performance and operational efficiency in the long-run (Chiarini and Vagnoni, 2015). Leadership is critical within Toyota because it provides direction to the staff members and encourages them to give their best towards the accomplishment of organizational goals and objectives. On the other hand, the manager is defined as an individual whose role is to carry out the administration of people and activities within a company.
The main and most important similarity between manager and leader is that both handle the same team of people working in Toyota. In addition to this, a similar working environment is provided to both managers and leaders working in Toyota (Hitt, Xu, and Carnes, 2016). The role of a manager working in Toyota is to carry out effective planning and budgeting for the organizations. The manager is responsible for determining and developing plans which can support in accomplishing the long-term goals and objectives of Toyota. In addition to this, the manager is also responsible for carrying out budgeting to determine what and how much resources will be needed to carry out the smooth flow of all operations and activities within Toyota (Matsuo, 2015). On the other side of this, the leader working in Toyota is responsible for setting up and providing directions to the people working in the organization.
It is the primary role of the leader to direct and motivate the staff members in giving their best towards the accomplishment of Toyota’s objectives and goals. The similarity between manager and leader working in Toyota is that both individuals emphasize achieving the goal and maintaining the existing position of the company in the marketplace (Mahadevan, 2015). It can be expressed that the difference between the role of leader and role of a manager within Toyota is that the leader focuses on aligning people where the responsibility of a manager is to carry out appropriate organizing and staffing.
Apart from this, the manager working in Toyota is also responsible for areas such as controlling people, activities and solving the issues and problems faced by the organization. However, it can be critically argued that the role of a leader is different as the leader emphasizes inspiring people instead of controlling them (Jacobs, Chase, and Lummus, 2014). The leader working in Toyota plays a critical role in identifying the needs and interests of different staff members and developing strategies for the accomplishment of the same.
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Management Accounting,The overall aim of this unit is to introduce the fundamentals of management accounting which apply to the wider business environment and the organisations which operate within that environment. Students will explore how management accounting uses financial data to aid planning decisions, and the monitoring and control of finance within organisations.