Ind Co vs Toyata Assignment

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.html


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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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Ind Co vs Toyata Assignment