Operations Management - Toyota Corporation In China Coursework

Operations Management - Toyota Corporation In China - Coursework exemplificationChina is such foodstuff. In the past, the Chinese market was quite attractive for organizations in different industries the special(prenominal) market has been very popular especially for firms operate in the manufacturing sector. This market has attracted the interest of Japanese firms, which necessitate been aware of the markets prospects, mostly because of its size. However, through the years, the terms of operations in the Chinese market suffer been differentiated. The increase of wages and taxes has reduced the level of profit. Still, the Chinese market is quite important for firms operating in the manufacturing industry. Toyota has entered the Chinese market about 30 years before. Initially, the growth of the firm in the particular proposition market has been impressive. However, gradually, the firms performance in China has been declined, a fact which has been mostly connect to the failures in the firms operational strategy. The recent efforts of the firm to upgrade its operational strategy and rebel a research and development unit in China are expect to highly public assistance the organizational performance offering to the organization a competitive advantage towards its rivals.IntroductionBecause of the continuous expansion of globalisation, the decisions of firms to hit the roof their activities internationally are highly depended on the perspectives available in regard to business activities in for each one country. China can be characterized as one of the strongest countries worldwide in terms of its financial perspectives. The oddment decade, the rapid development of entrepreneurial activities crossways China has led to the increase of the countrys conflict in the global market. At the same time, the determined exchange rate, which the countrys policy makers have initiated, has further supported the development of the country as a popular destination for businesses of all types (Horch 2009). However, the hardened exchange rate in China has not helped towards the control of inflation, which in 2008 has reached the level of 8.5%, the highest level since 1996 (Rongala 2008). The kindred between the fixed exchange rate and inflation in China explains the following phenomenon firms and capital from many an(prenominal) countries worldwide have entered the Chinese market in order to enjoy the benefits of the countrys fixed exchange rate policy (Horch 2009). However, through the years, the increase of inflation, which resulted because of the above policy, led to the increase of manufacturing costs across the country (Rongala 2008). As a result, manufacturing cos