Mem Microproject Report Group 2
Mem Microproject Report Group 2
Mem Microproject Report Group 2
ACADEMIC YEAR:-2023-2024
CERTIFICATE
GUIDED BY:
GOVERNMENT POLYTECHNIC GONDIYA
(2023-2024)
PROJECT REPORT ON
“Prepare the report on study of management principles applied
to a large scale automobile industry”
GUIDED BY:
ACKNOWLEDGEMENT
PROJECTS:-
Kumod L. Pardhi
Vishal K. Sakhre
Ankush G. Pardhi
Shriya A. Chavhan
DECLARATION
Me the members of Group No. 02 hereby declare that
preparing the micro project on “Prepare the report on study of
management principles applied to a large scale automobile
industry” Submitted to the Mechanical Engineering
Department of Government Polytechnic Gondiya for the micro-
project work of subject that the micro project has not
previously formed the basis of any copyright work.
SUBMITTED BY :-
NAME SIGNATURE
Kumod L. Pardhi
Vishal K. Sakhre
Ankush G. Pardhi
Shriya A. Chavhan
Title of the Micro-Project
Prepare the report on study of management principles applied
to a large scale automobile industry
1.0 RATIONALE
The rationale of the report is to explore how large automobile
companies use management principles like planning,
organizing, and leading to run efficiently, stay competitive, and
overcome industry challenges. It provides insights into best
practices and offers recommendations to help improve
operations in a rapidly changing market.
2.0 AIMS/ BENEFITS OF THE MICROPROJECT
The benefits of the report are understanding how management
principles improve efficiency, learning best practices from
leading automakers, addressing industry challenges, and
offering ways to enhance organizational performance.
3.0 COURSE OUTCOME ACHIEVED
1. Introduction
The automobile industry is one of the most significant
industries globally, with a substantial impact on economies,
employment, and technological innovation. This report focuses
on the application of key management principles in large-scale
automobile companies such as Toyota, Ford, and Volkswagen.
Management principles are crucial in ensuring that these
organizations operate efficiently and remain competitive in a
highly dynamic market.
2. Management Principles Overview
The study of management principles in large-scale industries
typically revolves around the following key areas:
Planning
Organizing
Leading
Controlling
Staffing
Coordination
Each of these principles plays a vital role in managing
resources, improving efficiency, and achieving organizational
goals.
3.1 Planning
Planning is the foundation of management and is essential
for setting the vision, mission, and long-term goals of the
company. In the automobile industry, companies like Toyota
and Ford use strategic planning to decide future production
goals, market penetration strategies, and sustainability
initiatives.
3.3 Leading
Leadership plays a critical role in motivating employees and
steering the company towards its objectives. Automobile
industries employ various leadership styles based on
situational needs, from transformational leadership to
encourage innovation, to transactional leadership for
managing routine operations.
3.4 Controlling
Controlling ensures that the performance aligns with the
plans. This involves setting performance standards,
monitoring results, and taking corrective action if necessary.
In the automobile industry, controlling is often executed
through quality control, financial auditing, and performance
metrics.
Example: Toyota's renowned Toyota Production System (TPS)
incorporates stringent quality control measures at every
stage of the production process. This lean manufacturing
principle helps Toyota reduce waste and inefficiencies while
maintaining high-quality standards.
3.5 Staffing
Staffing involves recruiting the right people for the job,
ensuring they are well-trained and placed in positions where
they can perform optimally. Automobile industries face
challenges in hiring skilled labor for cutting-edge
technologies like automation and artificial intelligence.
3.6 Coordination
Coordination is the synchronization of all activities and
resources within the organization to achieve smooth
operations. Automobile industries often coordinate large supply
chains, manage global production facilities, and deal with
complex logistics.
Example: BMW's global production network, with plants across
multiple countries, requires tight coordination between
different units to ensure that components and finished products
are delivered on time. Technology, such as ERP (Enterprise
Resource Planning) systems, is used to streamline coordination
efforts.
9.0 CONCLUSION