Several factors must be considered before major changes and decisions such as in the case of TMC as per the article above. Critically discuss the various intertwined contributors to decision complexity that TMC may have encountered. Multiple criteria Intangibles Risk and uncertainty Long-term implications Interdisciplinary input Pooled decision making Value judgments
Several factors must be considered before major changes and decisions such as in the
case of TMC as per the article above. Critically discuss the various intertwined
contributors to decision complexity that TMC may have encountered.
Multiple criteria
Intangibles
Risk and uncertainty
Long-term implications
Interdisciplinary input
Pooled decision making
Value judgments
Toyota City, Japan, December 3, 2020―Toyota Motor Corporation (TMC) announced
today that it intends to implement changes to its executive structure, senior
professional/senior management employees, and organizational structure effective
January 1, 2021.
To respond to severe changes in the external environment, TMC, based on its basic
policy of appointing the right people to the right positions based on the achievements
and experience of each person, has been swiftly and continuously innovating its
executive and organizational structures. This year, in addition to clarifying that operating
officers are responsible for looking over management of the entire company as chief
officers in close coordination with the president, TMC is further innovating by refreshing
its operating officer lineup in response to management challenges as they arise, the
path that the company should take, and other factors, and is positioning its operating
officers with unprecedented flexibility.
In addition to this approach and looking ahead to the next generation, the changes to
TMC's executive structure announced today are aimed at using hands-on experience to
develop a skilled workforce whose members will be able to fulfill roles as chief officers.
The changes also reflect TMC's basic policy of appointing the right people to the right
positions based on the achievements and experience of each person. The changes to TMC's senior professional/senior management employees include the
establishment of the post of Chief Project Leader (CPL). Transcending their customary
domains, CPLs are to serve as project leaders from a company-wide perspective.
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