For the final project, you will create a case study based on a company of your choice. The case study should include at least 5 of the concepts that we have discussed in this course. The case study...

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For the final project, you will create a case study based on a company of your choice. The case study should include at least 5 of the concepts that we have discussed in this course. The case study should be a minimum of 8 pages in length; not including the title page and reference page. The case study should also include at least 5 sources; these should be scholarly sources.




Submit an 8-page (minimum) case study, using the writing template, and a minimum of 5 references.




Your well-written and well-developed submission should meet the following requirements:



  • Include the CUC cover page, introduction, a conclusion, and a references page

  • Use a minimum of 5 credible sources that are cited within the essay

  • Be formatted according to the 6thedition APA form and style. If using the essay format, please use the provided writing template.




CONCORDIA UNIVERSITY CHICAGO COLLGE OF BUSINESS MASTER OF BUSINESS ADMINISTRATION (MBA) On Campus Syllabus Rev. 12-01-2015 Version 1.0 p. 1 MBAC 6200: Economics for Managers University Mission: As a distinctive, comprehensive university of the Lutheran Church—Missouri Synod, centered in the Gospel of Jesus Christ and based in the liberal arts, Concordia University Chicago (CUC) equips men and women to serve and lead with integrity, creativity, competence, and compassion in a diverse, interconnected, and increasingly urbanized church and world. College of Business Mission Statement: The mission of the College of Business is to develop ethical leaders who think critically, communicate effectively, and promote socially responsible business practice that is innovative and entrepreneurial in spirit. We strive to prepare students who positively impact the global society they serve through academically rigorous and relevant business education in a Christian context. The Four Pillars: The four pillars serve as the conceptual framework upon which all College of Business programs (and courses) are developed and delivered. MBA Program Outcomes: 1. Synthesize concepts from various business disciplines to develop business strategies. 2. Develop a leadership framework to evaluate ethical issues in business. 3. Analyze organizational and business challenges using critical and creative thinking to develop innovative business outcomes. 4. Select appropriate information technologies to develop business solutions and improve organizational performance. 5. Apply professional communication skills to facilitate business relationships. 6. Integrate a global interconnectedness perspective into a business philosophy and practice. CONCORDIA UNIVERSITY CHICAGO COLLGE OF BUSINESS MASTER OF BUSINESS ADMINISTRATION (MBA) On Campus Syllabus Rev. 12-01-2015 Version 1.0 p. 2 Ethics, Honesty, Participation and CUC Honor Code: Your timely participation in the course is requested and required. If you anticipate problems with your attendance, please let your instructor know. By virtue of your enrollment in this course, you are committing yourself to Concordia University’s honor code. It reads: As a student of Concordia University Chicago and a member of the larger society, I pledge to uphold an academic honor code that supports serving and leading with strong personal integrity. Specifically, this included not cheating or using inappropriate or dishonest means in the completion of academic requirements. This also includes not giving unauthorized assistance to others. I understand that it is my responsibility to comply with this honor system. This honor code is available for review on the Concordia University website. As a result of your commitment to this honor code, violations of the code will have serious repercussions. Academic consequences resulting from violations of the Honor Code could range from a zero on the assignment or examination (which will count in your overall point total for this course) to failure of the course. Multiple violations will be reviewed by the Honor Code Council and could result in a failing course grade, suspension or expulsion from the university. Concordia Honor Code: In accordance with the honor code that you have signed, turning in any piece of work, which includes your digital signature, constitutes your pledge that your documents are original and that you have not given or received any unauthorized assistance in completing your assignments. Plagiarism: Plagiarism is defined as use of intellectual material produced by another person without acknowledging its source. CUC faculty members monitor student work. For example:  Widespread copying of passages from works of others into an assignment, paper, discussion board posting, or thesis or dissertation without acknowledgment.  Using the views, opinions, or insights of another without acknowledgment.  Paraphrasing another person’s characteristic or original phraseology, metaphor, or other literary device without acknowledgment. Accommodations Statement: Americans with Disability Act (ADA) Concordia University Chicago is committed to ensuring the full participation of all students in its programs, as required under the Americans with Disabilities Act (ADA). Any student who, because of a disability, requires accommodations to participate in a course should speak with the instructor and contact the Center for Accessibility and Resource for Excellence (CARE). Disabilities covered by ADA may include chronic health conditions as well as learning, psychiatric, or physical disabilities. CARE is part of the Academic Center for Excellence (ACE). CONCORDIA UNIVERSITY CHICAGO COLLGE OF BUSINESS MASTER OF BUSINESS ADMINISTRATION (MBA) On Campus Syllabus Rev. 12-01-2015 Version 1.0 p. 3 Please contact: ACE/CARE Office – Klinck Memorial Library, Room 025, 708-209-3462 Additional information may be found here: https://www.cuchicago.edu/academics/success/disability- services/ Class Attendance and Participation Policy: Research clearly indicates that class attendance is an integral factor in student learning. The importance of attendance is even more amplified in the Concordia eight-week term. Any student who is absent 25% or more of the designated instructional time may receive a grade of “F” for the course. If you encounter an unexpected circumstance that results in an extended absence, you are required to communicate with your instructor and your academic advisor to request an official leave of absence. Emergency situations will be considered on a student-by-student basis. Students are responsible for participating in this course through the following academic activities:  completing assigned readings from both texts and supplemental articles,  participating in the discussions with classmates and instructor, and  submitting assignments for each learning module on the due date. This course is organized by weekly learning modules. All assigned readings for the module are to be completed before completing assignments. After completing the assigned readings and any ancillary materials posted by the instructor, e.g. power points, etc. students will participate in discussions in class. Observance of Religious Holidays: Absences from Classes Policy Concordia University Chicago is committed to accommodating the interests of students who may need to miss classes or exams to observe their religious holidays, as long as the University receives notification well in advance of the anticipated absence or conflict and the request does not place an unreasonable burden upon the institution. Professors will make accommodating these students a priority and will adjust exams, assignments, and general attendance requirements to accommodate such requests. However, the need for accommodation of religious holidays is something you will know in advance and should report to your professor in advance. If you are a student who will be missing one or more of the previously mentioned course requirements, you should notify your professor at least two weeks in advance, which Concordia has identified as the reasonable period for notification well in advance of the anticipated absence or conflict. This will afford the professor ample time to provide a substitute assignment or reschedule an exam. If you do not notify your professor at least two weeks in advance of your absence due to observing a religious holiday, the professor has the discretion whether to adjust exams, assignments or general attendance requirements, and also to determine whether all or partial credit will be received. Late Policy: Late assignments will either not be accepted or will incur a grade penalty unless due to documented serious illness or family emergency. Instructors will make exceptions to this policy on an as needed basis. Assignments over 7 days late will not be accepted. Grade penalty: 5 percent reduction will https://www.cuchicago.edu/academics/success/disability-services/ https://www.cuchicago.edu/academics/success/disability-services/ CONCORDIA UNIVERSITY CHICAGO COLLGE OF BUSINESS MASTER OF BUSINESS ADMINISTRATION (MBA) On Campus Syllabus Rev. 12-01-2015 Version 1.0 p. 4 be taken each day the assignment is late. In Class Participation: Discussions require a response to specific questions that results in collaborative conversations and construction of knowledge that builds and expands learning of the course. As a master-level student, it is expected that you will reply as a practitioner-scholar. Every week, students will be required to submit documentation to show preparation for the week’s discussion(s). This is a required assignment and will count towards participation points for the week. Failure to submit this assignment will result in an immediate point deduction. Students should bring this information to class to participate in class discussions. This will contribute to the participation grade as well. To get full points, the following will be required: 1. Submit prepared discussion documentation 2. Interact with peers and the instructor in class 3. Complete all in-class activities while showing understanding of the material You must support your discussion responses with academically appropriate references unless you are asked to provide an opinion or personal reflection for a specific question. Unless noted otherwise, your initial discussion preparation document should be approximately 250-300 words in length, substantive and scholarly in nature. Please refer to the College of Business power point “Engaging in Dialogue.” You are required to respond verbally in each class to colleagues in the following ways:  Suggest why you might see things differently.  Ask a probing or clarifying question.  Share an insight from having listened to the colleague's points.  Offer and support an opinion.  Validate an idea with your experience.  Make a suggestion.  Expand on the colleague's discussion.  Ask for evidence that supports the discussion.  Always be respectful and collegial. If you are not in class, you cannot receive full participation points. Institutional Review Board (IRB): All research including interviews, assessments, surveys, and/or observations of individuals or groups must be submitted to the IRB for review. Research conducted by anyone affiliated with Concordia University Chicago at an off-campus site or in collaboration with a researcher from another institution must be submitted to the Concordia University Chicago IRB. Any violation of these policies will be reported to the appropriate academic supervisors. If you have any questions or are unsure whether your research requires review, please contact the IRB at: [email protected] Technology Expectations: A. Students will complete assignments using the Internet and library-technology based database, such as the university’s research database when conducting literature searches and course assignments and discussions. B. Students will interact with their instructor and other classmates through the Blackboard virtual classroom, including: retrieving their syllabus, submitting assignments, and mailto:[email protected] CONCORDIA UNIVERSITY CHICAGO COLLGE OF BUSINESS MASTER OF BUSINESS ADMINISTRATION (MBA) On Campus Syllabus Rev. 12-01-2015 Version 1.0 p. 5 communicating with their professor. C. Students are expected to use their Concordia email for all correspondence. Students
Answered Same DayOct 16, 2020

Answer To: For the final project, you will create a case study based on a company of your choice. The case...

Sundeep answered on Oct 22 2020
158 Votes
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TOYOTA: LEADING MANUFACTURER OF AUTOMOILES
Introduction
    Toyota, the leading manufacture of automobiles worldwide was founded in the year 1937 by Toyoda Family. The business was not successful until Eiji Toyoda a new model called the method of lean production. This new method was introduced after the studying the Ford’s Rough plant situated at Detroit in the year 1950. This new method became to be known as Toyota Production System. Taiichi Ohho was the production executive who successfully helped the co
mpany to use the new method of production and changed the way the company had been thinking. (Chiarini, A., & Vagnoni, E. (2015). )The company is the no car maker in Japan with its variety of models. It has presence over more than one hundred and seventy countries. Toyota manufactures cars, pick up vehicles, Sports Utility Vehicles (SUVs) and full sized pick up trucks. Leading models under SUV category includes Camry, Corolla, 4Runner, Land Cruiser, Sienna, the luxury Lexus line.     
    The company was able to develop trusted brand all over the world with cost effective, quality, good performance and environmental friendly models. Maintaining high quality is the reason for making the number automobile brand in the world. Continuous innovation is another major factor that lead to company’s success. The company has been in the forefront innovation in automobile industry. Toyota was the first global automobile manufacture that introduced lean manufacturing method in manufacturing, this was known as Toyota Production System . This new method is faster and more efficient process that results less waste compared to the traditional batch and que method of production. It has also applied Just in Time Manufacturing (JIT). Introduction of lean manufacturing method has helped the company achieve efficiency in manufacturing and other production process and reduce the average cost of production. This has give the company competitive advantage in the market and helped the company to become number two position in the global market.
The Company
    Toyota the 7th largest company and world second largest car manufacturing firm in the world. At Toyota Employees have two roles: one is their own and assurance of quality. Toyota invented the concept of just in time commonly know as JIT in the year 1938.( Chiarini, A., & Vagnoni, E. (2015). ) The objective of this new concepts was not only reduce the quantity of inventory but to reduce the quantity of inventory with defects that would have been written off or correct. Building up of large stock with many defect had resulted in the increase the manufacturing cost. The concept of just in time has helped the company save this wasteful cost. Just in Time and this culture of quality evolved into the Toyota Production System and its more generic equivalent, Lean Manufacturing, which is the benchmark for manufacturing organisations across the globe. What is actually the meaning of Lean Manufacturing is depicted graphically below.
What is Toyota Production System?
    Toyota Production system is the adoption of method of lean manufacturing to achieve efficiency in manufacturing, sales and after sales service.
Moving the assembly unit is Kaizan from the concept of the move the metal. This has helped the Toyota to have manufacturing base at the centre of market. Souring of raw materials and sending to depot and despatching it to the required market at cost effective way. Lean manufacturing stopped assembly lines in order to correct problem in manufacturing instead of continuing with the problems. As a result of shift of manufacturing point to Kaizan quality improves and resulted un yield reaching 100%. (Chiarini, A., & Vagnoni, E. (2015).)
    As a part of the introduction of lean manufacturing there were innovation in product development and changes in engineering. This change has focussed on management staff that new all steps of a process rather than staff with highly specialized skills, knowledge. Emphasis was given to employee who think proactively in the manufacturing process. The new change introduced in the human resource has resulted increase in labour productivity and quality in production and also resulted increased responsiveness to changes in consumers taste and preferences.
Features of Lean Manufacturing Model
Transfer maximum number of jobs to those employees who add value to the automobiles on the line.
It is has built system of identifying defects and traces every problem and finding ultimate cause of defects.
Due to its inbuilt features the system needs a tight team work and open communication system.
Four areas of importance:
Leadership is the first area of importance. Company’s large project leader became the coordinator for Western coordinator. Second area of importance is the team work. From many functions, ties with department, and general interest in promoting team, not department. Third area of importance is the effective communication system. Conflicts in the company was resolved at the beginning. Simultaneous development is the fourth area of importance.
Competitive Advantage of Toyota in the...
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