In this order of ideas, they request the assistance of specialized auditors, from both within and outside the institution. "To ensure objective control of the Company's management, outside directors and outside corporate auditors are appointed to the Board of Directors and the Board of Corporate Auditors, which are responsible for the supervision and auditing of the company. Honda has also introduced an operating officer system, aimed at strengthening both the execution of business operations at the regional and local levels and the supervision by the Board of Directors" (Honda Motor Corp. 2008 Annual Report).
A more comprehensive take on the four control mechanisms implemented by Honda can be achieved by looking at the following lines. They are a comparative analysis of the strategic approaches to control, revealing both positive and negative impacts of each mechanism, as well as the impacts they are likely to generate upon the four functions of management (planning, organizing, leading and controlling).
1. Quality control at five organizational levels
Positive: its complexity results in increased chances of simultaneous success at various levels
Negative: its complexity also results in a challenging implementation; foremost, its success depends directly on the managerial skills of the Honda leaders
Impact on managerial functions: increases their complexity and difficulty in implementing control in the meaning that all planning, organizing, leading and controlling functions must be simultaneously addressed at all five organizational levels; the chances of success are also increased
2. Employee relations
Positive: encourages fruitful working relations, which further increase the chances of identifying and resolving problems
Negative: its implementation may prove challenging and could even generate a reduction in the operational efficiency; it requires changes in the corporate culture
Impact on managerial functions: the complexity and difficulty of implementing the four functions of management further increase with the need of placing an increased attention on the new feature of employee relations.
3. Strategic partnerships
Positive: similar to the financial theory of portfolio diversification, a combined effort will increase the chances of success while reducing the negative impact of weak elements
Negative: increases the dependency on the strategic partner...
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