Targeting excellence: target cost management at Toyota in the UK. (United Kingdom)

Management Accounting (UK), June, 1995 by Bhimani, Al

Management processes in Japan are market driven, with the external environment having a major impact on the business affairs of Japanese organisations. Practices of target cost management conducted at Toyota Motor Manufacturing UK Ltd's's factory in the United Kingdom are examined. The company has a Dept of Accounting and Finance which is divided into Management Accounting for activities such as cost management and profit improvement controls; Financial Accounting for activities such as sales invoicing; Sales and Planning for the review of European car sales.

The Japanese are seen to place much stress on collectivism as opposed to individualism. Japanese society has also been said to be bound together through an intricate network of interrelationships and interdependencies...

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