Strategic Development of Managing Global Talent Essay

Strategic Development of Managing Global Talent - Essay Example The first principle is that, the company should base its management in the decisions based on the long-term philosophy, even at the expense of short-term financial goals. This shows that the company development and training are given a priority to other matters in the organization. Moreover, the company has realized that the standardized processes are the foundation for continuous improvement. This forms their second principle, which is applied to talent development through standardized work and job instruction during training. In addition, the company encourages the growth of leaders who done thoroughly understand their work while at the same time encourage the leaders to teach the philosophy to other employees. This will play a major role in ensuring that the employees are well aware of their job demands and will therefore give favorable to their supervisors. It also encourages in job training, which aims at instilling new skills to the employees to gain quality production.Furtherm ore, Toyota Motor Corporation has a policy to develop exceptional people and teams who will follow the company’s philosophy and policies. This is done through retaining the best talent and training the emerging talent so that they can all achieve a certain objective. This is mainly done in line with the company’s strategic management objectives. The company also respects their suppliers by challenging them and helping them improves. This demonstrates a holistic approach to talent management.... All the above criteria will be used in the relation to the advantage of management capital, human capital, social capital, and the organization capital (Hancock, 2003, p.3). Aims and Objectives The Toyota motor corporation uses some policies and philosophies, which aims at achieving consumer satisfaction in the use of their products. One of their greatest policies and philosophy is that they do not only build cars, but people too. This is realized in the importance of their quality cars, which play a great role in offering transport to the people. However, the corporation faces a challenge in their management that is brought about by the managers. This occurs in that the managers want to play more roles in the management than in teaching. Teaching is the fundamental of all management as it involves instilling new ideas to the people that is the employees of the organization. This led to the company to employ the 14-point model of operations of which 6 points relate to the development of talent. The 14-Point Model The first principle is that, the company should base its management in the decisions based on the long-term philosophy, even at the expense of short-term financial goals. This shows that the company development and training are given a priority to other matters in the organization. Moreover, the company has realized that the standardized processes are the foundation for continuous improvement. This forms their second principle, which is applied to talent development through standardized work and job instruction during training. In addition, the company encourages the growth of leaders who thoroughly understand their work while at the same time encourage the leaders to teach the philosophy to other