Not less important is the analysis of the human resource management of Toyota since it was traditionally considered to be one of the most successful companies in this respect. This section will analyze the changes that have occurred in this domain and the influence of the process of globalization on the company’s human resource management, which apparently needs to be changes since the traditional human resource management applied to Toyota, being quite effective, may not work well enough outside Japan, as well as in Japan itself, since the country is also changing under the impact of global socio-cultural and economic trends.
In such a situation, it is obvious that globalization produce a profound impact on the functioning and management of Toyota that implies that ethical issues related to the changes caused by globalization arise. This is why it is very important to define the current ethical problems and dilemmas the company may face since it really has to continue its international market expansion and make its human resource management more effective that naturally rises such ethical questions as whether it is ethically justified to reject traditional management style or its elements or what the extent to which the pursue for profit can change the corporate culture and traditions of the company, especially in the field of management.
Actually, it is extremely important to analyze the management of the production and human resource management of the company, its basic strategies of the development and related ethical issues in order to clearly define whether the current policy and management style of Toyota fully meet the demands of the new, globalized economy and, therefore, it will help better understand and properly assess the perspectives of the company in the future.
Obviously, Toyota, being the world leader in cars manufacturing, needs to take into consideration the recent economic trends and modify its production and human resource management to new conditions defined by the process of globalization, which, on the one hand, opens the way to the global expansion, but, on the other hand, poses new challenges Toyota has to cope with.
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