Introduction
Management is a very important part of any business. It is almost impossible for any company to survive without effective management in the market. There are various kinds of management style that a manager or a leader can follow in order to manage or lead a firm. A company consist of different operations and processes, and proper management of those is the key for success of any firm. A manager has to make sure that business operations as well as processes are proper and it is helping in generating high profits and productivity for the firm. Toyota is the biggest automobile manufacturer of the world and is recognised all over the world because of its products and service delivery (Schniederjans, Cao and Triche, 2013). The company is having expertise in some of the areas of efficient management like Lean management, manufacturing etc. The company is also having some efficient operations around the world which allows it to lead the automobile industry. Toyota is a brand around the world and the most selling car of the company is Toyota corolla, it is estimated that around 5 million inits are sold by Toyota in a particular year.