Toyota vs GM( situation during the crisis 2008) Research Paper

Toyota vs GM( situation during the crisis 2008) - Research write up ExampleThe motor vehicle industry in the US was particularly hard hit by the economic meltdown to an extent that some automobile giants had to be bailed out financially to rescue them. purge if Toyotas carrying into action was also affected by the economic crunch, the relative better performance against universal Motorss was contributed by Toyotas manufacturing policy adopted at the company level. Popularly known as the Toyota Production System (TPS), the workforce is motivated to work and contribute actively to the maximization of output and innovation. at that place is a good tradition at the Toyota production plants concerning industrial elations characterized by the harmonious management of the same. Toyota has been equal to successfully handle the pressure of exerted by radical unions and facilitated favorable enterprise unions.According to Bunkley and Vlasic (1), the motor vehicle industrys performance i n 2008 was the worst since 1993 as under a million units single were sold in the US alone. Perhaps, this explains why the general Motorss performance declined. Toyotas performance went down by twenty four per cent while General Motorss sales decline was by nearly sixteen percent in 2008. General Motorss flop translated to losses amounting to over fifteen one thousand thousand US$ while Toyotas loss was about a third of General Motorss failure. The performance dwindling at Toyota was the worst drop in the last two decades, and losses the worst in its entire 72 years of existence, even if it was relatively a better performance than that achieved by General MotorsThe differential performance by the two motor vehicle companies can be said to be largely as a result of forces beyond management control. Global economic performance was the major(ip) factor that poor sales in the motor industry can be attributed to (Wad, 9). At the pile management level, there was little intervention tha t could have been adopted