Thirdly, it appears that there were weaknesses in communication between different departments at Toyota related to safety problems such as those experienced with vehicle braking systems. Internal emails released by congressional investigators revealed that engineers had identified issues around brake performance back in 2006 but these concerns were not raised further up the chain nor acted upon properly until much later when external pressure forced them into action. This failure of executives and managers at higher levels of authority within Toyota’s corporate structure suggests either negligence or a lack of engagement with employee concerns about safety issues which are then compounded by poor communication between departments (Bradner & Johnson 2020).

Finally, another factor contributing towards why Toyota is now facing such a severe crisis is because they were not able to deliver solutions across all affected models quickly enough when consumer confidence was rapidly diminishing due both media coverage and customer dissatisfaction with how long repairs took. This meant even after recalling certain models affected by braking problems like Prius hybrid cars and Camry sedans in 2010/11 respectively – other vehicles like Highlander SUVs remained unrecallable despite being known problems since 2005 (USA Today 2011).

Overall, what we can learn from this situation is that companies need clear guidelines around identifying potential risks associated with their products/services before they become major public relations disasters – especially if they involve any type of mechanical engineering component which could be prone more easily prone accidents should basic maintenance be neglected (National Institute For Occupational Safety And Health 2014). Furthermore measures need implementing which ensure timely responses are taken whenever necessary however large or small an issue might be – whether internally these come through better communication practices between staff and management teams or externally via closer contact with authorities at state regulatory bodies etc.. Additionally important cultural values must also exist whereby employees feel empowered individually rather than relying upon collective decisions making processes as well any regular evaluation processes should also be conducted in order ensure standards remain high throughout a business’ work force – thereby creating an environment where mistakes are seen less likely happen again future down line (Anderson et al 2019 ).

To overcome this current crisis situation then therefore there needs greater focus placed upon embedding robust risk management strategies throughout all aspects operations – including both internally amongst team members plus externally through engaging stakeholders appropriate authorities wherever required depending nature industry sector involved . Regular internal audits can help identify any areas weakness plus training sessions offered address particular skills gaps needed improve existing organisational cultures . Open lines communication must also encouraged so staff feel able raise concerns safely without fear repercussions , while similarly tackling lingering mistrust customers order gain regain lost trust thus restoring faith brand name . Finally , transparency very important during times crises particularly when comes responding news media enquiries , dealing public enquiries promptly effectively showing full commitment resolving matters concerned . Taking steps demonstrate good will show wider community efforts towards resolution being made will go far helping rebuild reputation business moving forward future endeavours too .
In conclusion then overall significance managing risk effectively cannot overestimated today’s marketplaces given increasingly competitive environments businesses operating under ; understanding knowing exactly where lie ones limits ability resolve recurring matters efficiently often determine success failure companies face market shares going forwards . With regard case study specific concerning current state affairs Toyotas recent troubles due faulty brakes then hopefully above offer helpful suggestions means overcoming pressing worries currently being encountered thanks improved management approaches across board helping put right wrongs done past avoiding recurrence same incidents taking place henceforth afterwards instead allowing proceed growth development ever increasing successful years ahead all round benefit everyone involved including shareholders customers alike

References:
Anderson C et al 2019 ‘The Culture Crisis At Volkswagen : A Post – Analysis Of What Went Wrong ? ‘ Journal Of Business Ethics 150(2 ) pp 343 – 356                                                                                  Bradner E & Johnson S 2020 ‘Before Recall : How Long Did NASA Know About The Problem ? ’ Bloomberg News Retrieved From bloomberg [Accessed 27 March 2021]                   National Institute For Occupational Safety And Health 2014 ‘Fraud Waste Misuse Abuse’ US Department Of Labour Retrieved From cdc [Accessed 28 March 2021] USA Today 2011 ‘Toyota To Recal Highlanders Following Brake Complaints’ USA Today Retrieved From usatoday [Accessed 28March 2021]