There should not be any hindrance in technological enhancement both within and beyond the traditional boundaries of the industry.The consumers will become more alert and wary about how companies managed to perform outside the manufacturing and distribution processes. Now the automotive enterprises can able to discharge its corporate social responsibility. The automotive industry will have to respond to the shift in the industry priorities.
Harmonizing Local Economies:
In order to harmonizing with local economies, the automakers are accountable to perform beyond the development of products and services that represent the needs and requirements of local markets. All the initiatives and innovations that contribute in the long term social well-being of populations in markets and proper cooperation with the local governments will be a significant representation of corporate social responsibility.
Quality Management in employee centric organisation:
Quality Management is the ability to help the organisation in the domestic as well as global competition. Quality Management is engaged in the activities of producing goods and services of a better quality in continuous process with the mutual involvement of management and employees in a customer oriented fashion. It facilitated better quality product at a cheaper rate keeping in mind the needs and requirement of the customers. In the other part it also put emphasises on employee centric organisation. It provides employees with better and healthy working environments which enhance their ability to work more. To survive in the competitive business environment, the firm has to look into the opportunities to develop as well as to reduce costs.
The automobile industry is a best example of competitive organization struggling in the competition domestically and globally. According to quality management Toyota Motor Corporation has been considered as the most appreciated motor vehicle Company globally as per Fortune magazine in 2005. The companies have been recognized in the automobile industry for their global care, industry standard and social responsibility.