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8/8/2019 Ind Co vs Toyata Assignment
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Introduction of Top 10 Companies India
India, being a huge market as well as the hub of cheap andskilled labors in abundance, has become the home to anumber of business houses that have successfully spreadtheir operations beyond the territorial boundary of thecountry to become global entities. And with the globalsuccess of Indian companies, the brand - 'India Inc.' hasbecome quite prominent these days. The success also getsreflected in the statistics as well. In spite of the great globalrecession, 47 Indian companies have found places in theForbes Global 2000 list - 2009, which charts world's top 2000public companies.
List of top 10 companies in INDIA
Reliance Industries Limited (RIL) State Bank of India (SBI) Oil and Natural Gas Corporation Steel Authority of India (SAIL) Reliance Communications Larsen & Turbo Limited (L&T) Bharat Petroleum Corporation Limited (BPCL)
Bharat Heavy Electrical Limited Housing Development Finance Corporation Ltd. (HDFC) Tata Consultancy Services (TCS)
List of top 10 companies in JAPAN
Toyota
NTT
Honda
Nissan Tokyo denky
Sony
Canon
JR East
Mistubishi
Kansai denki
http://www.ril.com/html/aboutus/aboutus.htmlhttp://www.sbi.co.in/viewsection.jsp?lang=0&id=0,11http://www.ongcindia.com/profile_new.asphttp://www.sail.co.in/http://www.rcom.co.in/webapp/Communications/rcom/Aboutus/aboutus_business.jsphttp://www.lntecc.com/home.htmhttp://www.bharatpetroleum.com/http://www.bhel.com/about.phphttp://www.hdfc.com/others/about-hdfc.asphttp://www.tcs.com/about/corp_facts/Pages/default.aspxhttp://www.sbi.co.in/viewsection.jsp?lang=0&id=0,11http://www.ongcindia.com/profile_new.asphttp://www.sail.co.in/http://www.rcom.co.in/webapp/Communications/rcom/Aboutus/aboutus_business.jsphttp://www.lntecc.com/home.htmhttp://www.bharatpetroleum.com/http://www.bhel.com/about.phphttp://www.hdfc.com/others/about-hdfc.asphttp://www.tcs.com/about/corp_facts/Pages/default.aspxhttp://www.ril.com/html/aboutus/aboutus.html8/8/2019 Ind Co vs Toyata Assignment
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COMPARISION OF MANAGEMENT PRACTICE BETWEENTOP 10 INDIAN COMPANIES
ANDTOYOTA (JAPANESE) COMPANY
Features of Indian companies and Toyota Japan
Features of Indian companies
Caste System : Rigid social stratification systemKarma : Predestination related to past lifeDharma : Social duty
Fatalism at work (nothing can be improved) Lower persistence and ambition
Skepticism towards innovation, the future
Lack of sense of urgency and planning time Ambivalent attitude towards material success
Conformity, dependence, seeking approvalover initiative, creativity, independence
Features Toyotas Management
Company-wide union or house union
General preference for inexperiencedfresh graduates from schools or colleges
Preference for promotions from within
Life-time employment Quality Control Circles (QCCs) Pertinent
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Training practice in Indian companies and
Toyota
1) Indian companies has adopted ongoing training
programs.
In Toyota, they provide on-the-job training to their
employee
2) Top Indian companies have in-house centers.
In Toyota they have in-house as well as outside training
centers also.
3) There is deductive learning style in training, where as in
Toyota job rotation is popular.
Diversity Management In Toyota And Indian
Manufacturing Companies.
Diversity dimensions in India
India is normally described as a collectivist society;
however, some research findings indicate that, this
typically Indian collectivism is directed overwhelmingly
towards the family and to a very little degree toward other
groups. Hofstedes (1993) earlier assessment depicted
India as high on power distance; low on uncertainty
avoidance; more masculine with strong affiliation to
collectivism (Hofstede 1991). Companies in India have
established personal and hierarchical corporate cultures,
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incorporating the values and traits of their workforce
(Trompenaars & Hampden-Turner 1993).
Diversity dimensions in the TOYOTA context
Diversity issues in Toyota and India are dissimilar as even
after 40 years of separation and reunification, JAPANESE
society is still homogeneous. Trompenars and Hampden
Turner (1993) classify Japanese industrial culture as
hierarchical and highly task oriented. Hofstadters study ofnational culture indicates Japanese as low on power
distance which contrasts with a high score for India on this
dimension. In terms of uncertainty avoidance, Japanese
organizations operate in relatively stable and low risk
conditions and Japanese society is classified as more
collectivistic than Indian culture.
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Management of Indian companies with Toyota(Japan)
Management
practiceToyota Indian companies
Human resource
management
Objective slection
criteria downsizing,
performance pay
Nepotism and caste
consideration affect
selection and compensationTraining More emphasized Less concentration
Motivation Work an end itself
Work is viewed as a means
to an end, only
compensation is rewarded.
leadership
Participative
management style,
relationship remain
impersonal
Leader display a high level
of personal involvement
Employee
requirement
Abilities are main
aspect
Family relation and caste
membership of employee
have to be considered.
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