Case Study Toyota Motor Company Essay - 2268 Words

Case study one: Toyota Motor Company 2.1 Toyota motor company was started when a famous Japanese loom inventor Sakichi Toyoda (1867-1930), wanted to produce motor vehicles (Nayebpur, 2007). The need for such enterprise arose because of the destruction of Tokyo’s street cars and trains in the 1923 Kanto earthquake. He gave this idea to his son Kiichiro Toyada (1894-1952), who was a mechanical engineer and provided him initial fund to experiment with automobile manufacturing. As a result, Toyota launched in first passenger car A1 in 1936 which surpassed the sales of General motors and ford in the Japanese market (Spear, 1999). Toyota’s culture is steeped in tradition (Takeuchi, 2008) and its strengths were observed as follows: 1. Crisis management in Toyota was developed by keeping in mind that Toyota’s leadership in automobile industry is never safe. 2. Community management is maintained within the Toyoda family 3. Anything that is good for Toyota is taken in and assimilated by the management. 4. Even though the management is run by the family, decisions are taken by involving everyone. 5. Constant training of people and retaining them along with efficient use of resources. 2.2 Toyota is an industry leader in automobiles and is well known for its innovation and excellence in manufacturing through Toyota production systems. But the basics of it innovation is founded by its founder Toyoda’s five values (Nayebpour, 2007): 1. Contribute to the company by being faithful to theShow MoreRelatedasucar738 Words   |  3 Pagesï » ¿Genesee Community College Batavia NY Case #1 Eric J Villalobos BUS 214 Mrs. Paisley Case #1 - TO PAY OR NOT TO PAY? Toyota A. 65 years ago , in 1937 , Toyota Motor Corporation was founded first as a subsidiary of Toyota Automatic Works, one of the largest manufacturers of knitting machines led by the King of Inventions Sakichi Toyoda . To date , Toyota is the second largest automaker in units sold and net sales. It is by far the largest Japanese car manufacturer , producingRead MoreCase Study Toyota Motor Corporation Australia1739 Words   |  7 PagesASSESSMENT 3: Evaluation of business case Introduction and Summary of case study Introduction This report will critically examine a particular case of Toyota Motor Corporation Australia. The report provides a brief summary of the study and aims to identify and apply a set of criteria to evaluate Toyota’s possible decision in the adverse external environment, as well as make recommendations for a course of action in short-term and long-term based on the analysis of the external environment, the marketRead MoreTqm Toyota1189 Words   |  5 Pagesspecific focus on the  Toyota  Production System and the three main tools by which  Toyota  Motor Corporation manages  total  quality  management. Tags:  Toyota  TQM,  Total  quality  management  in  Toyota,  Toyota  total  quality  management, TQM and  Toyota,  Toyota  TQM analysis More abstract from  Total Quality Management and Toyota [...] However, before going further, it must be noted that total quality management can be applied to a company that produces material goods or a company that provides intangibleRead MoreToyota Case Analysis : Toyota1063 Words   |  5 PagesAbstract This study identify current Toyota strategy problem. Toyota is a top leader in the automotive industry and this paper focus on how they can develop and manage their problem Later than, it will recommend some solution to them to protect the company from competitors. Toyota Case Analysis Introduction Toyota Motor Corporation is one of the leading automakers with a huge market in the US. Toyota Company is located in Japan, and its headquarters in the U.S. are based in TorranceRead MoreGeneral Motors And The U.s. 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