Accounting Essay Example | Topics and Well Written Essays - 500 words - 23

Accounting - Essay Example The company is in a stiff competitive industry. Some of the Toyota competitors are general motors, Ford motors company, Nissan motors, Honda motor company and Volkswagen AG just to mention but a few. The financial statements in the year 2010 have shown a declining performance in Toyota performance. This has been attributed to the economic conditions in Japan, US, Europe and the other parts of the world. Despite the economic downturn the management of Toyota is still geared at ensuring customer satisfaction by putting first the interest of the customers and at the same time looking at the demands and expectation of the society by remaining socially responsible to all stakeholders. The company has undergone major restructuring in order to correct the disturbing performance. The company has also planned to manufacture reliable and cheap car models that are environmentally compliant to gain market power. According to the financial report of 2010, the company 2010 total asset amount ed to $326196 million while the total liability for this year was $208715million dollars. The net stockholders equity was $117481 million (Toyota 63). These values are adverse compared to the 2009 financial performance. For instance, the total asset in 2009 was 29062037milion yen. The revenue for 2010 as per the income statement was $190507 million and the net profits attributed to the corporation were $2251million (Toyota 62). The basic earnings per share for this particular period was $ 0.72 a value equivalent to the diluted EPS. It must be noted that this profit values are an improvement when compared to the year 2009 where the company incurred a net loss in their income statement. The improved result is attributed to the reduction in cost of manufacturing and operation as championed by the

Lloyds TSB & HBOS Case Study Example | Topics and Well Written Essays - 2000 words

Lloyds TSB & HBOS - Case Study Example In order to better understand the culture of both the organisations we will analyse the cultures of both the organisations according to the five attributes used by Hofstede in a study involving 160000 IBM managers across more than 60 countries. According to Hofstede five fundamental differences in national styles were found while examining the culture of the organisation. The power distance in the Lloyds TSB seems to be lower as compare to HBOS where bosses are seen as more autocratic or paternalistic as compare to Lloyds TSB. The decision making at both the organisations is of consultative style. Again the employees at the Lloyds TSB are more participative and involved in the operations and decision making of the organisation as compare to HBOS (Higgs, 1996). Individualism is prevalent in the British culture as a result both the organisations have the culture of organising the work in such a way that the self interest of employees is aligned with the management of the organisation (Huczynski & Buchanan, 2007). As described by Hofstede (1997, p. 120) described uncertainty avoiding societies are a society where there are many formal laws and informal rules controlling the rights and duties of employers and employees. At Llyods TSB the uncertainty avoidance is at low level therefore the organisation effectively implement teams with higher levels of autonomy. Whereas again at HBOS the employee empowerment is lower as compare to Lloyds TSB. Masculinity In both the organisations masculinity and Femininity traits are prevalent and can be experienced by undertaking an analysis of the behaviours of the managers. Hence the notion of learning by experience is not centric (Burden and Proctor, 2000). Confucian dynamism As mentioned by Hofstede there is higher acceptance of the legitimacy of hierarchy and the valuing of perseverance and thrift, all without undue emphasis on tradition and social obligations which could impede business initiative in the Western cultures. The organisational cultures of both the organisations verify the findings of Hofstede. 2. How would you describe the prevailing leadership styles employed by each organisation A leader has the qualities to influence others through his persuasive measures such as the communication, display of confidence, can gain information regarding the problem being addressed and persuade the masses in the desired direction (Prasad, 2006; p. 264). SOCIAL VALUES ECONOMIC CONDITIONS LEADER STRUCTURE FOLLOWERS POLITICAL CONSIDERATIONS [Source: Taken from, Prasad LM, (2006) Organizational Behaviour, Fig 26.1 p 287] All these factors interact together to determine the leader's ability to influence others. In HBOS the leaders of the organization practice a distinct participative style. The strong