TERM PAPER ON
Submitted by Submitted to Nagendra B V
Prof Anitha Yadav
USN - 1PT12MBA29 Dept of MBA, PESIT F1
Introduction to Toyota Motor Corporation
Toyota Motor Corporation is a Japanese automaker headquartered in Toyota, Aichi, Japan. In 2010 the multinational corporation consisted of 325,905 employees worldwide and, as of March 2013, is the thirteenth-largest company in the world by revenue. Toyota was the largest automobile manufacturer in 2012 (by production) and in July of that year, the company reported the production of its 200-million vehicle. The company was founded by Kiichiro Toyoda in 1937 as a spinoff from his father's company Toyota Industries to create automobiles. Three years earlier, in 1934, while still a department of Toyota Industries, it created its first product, the Type A engine, and, in 1936, its first passenger car, theToyota AA. Toyota Motor Corporation group companies are Toyota (including the Scion brand), Lexus, Daihatsu, and Hino Motors along with several "nonautomotive" companies. TMC is part of the Toyota Group, one of the largest conglomerates in the world.
Toyota is headquartered in Toyota City, Aichi. The main headquarters of Toyota is located in a three story building in Toyota. As of 2006 the head office has the "Toyopet" Toyota logo and the words "Toyota Motor". The Toyota Technical Center, a 14-story building, and the Honsha plant, Toyota's second plant engaging in mass production and formerly named the Koromo plant, are adjacent to one another in a location near the headquarters. Vinod Jacob from The Hindu described the main headquarters building as "modest". In 2013 company head Akio Toyoda reported that it had difficulties retaining foreign employees at the headquarters due to the lack of amenities in Toyota. Its Tokyo office is located in Bunkyo, Tokyo. Its Nagoya office is located in Nakamura-ku, Nagoya In addition to manufacturing automobiles, Toyota provides financial services through its Toyota Financial Services division, and also builds robots.
Main article: The Toyota Way
Toyota's management philosophy has evolved from the company's origins and has been reflected in the terms "Lean Manufacturing" and Just In Time Production, which it was instrumental in developing. Toyota's managerial values and business methods are known collectively as the Toyota Way. In April 2001, Toyota adopted the "Toyota Way 2001", an expression of values and conduct guidelines that all Toyota employees should embrace. Under the two headings of Respect for People and Continuous Improvement, Toyota summarizes its values and conduct guidelines with the following five principles: Challenge
Genchi genbutsu (go and see)
According to external observers, the Toyota Way has four components: 1. Long-term thinking as a basis for management decisions
2. A process for problem-solving
3. Adding value to the organization by developing its people 4. Recognizing that continuously solving root problems drives organizational learning The Toyota Way incorporates the Toyota Production System.
Main article: Toyota Production System
New Toyota factory in Ohira, near Sendai, Miyagi Prefecture, Japan: A month after this picture was taken, the region was devastated by the March 11 earthquake and tsunami. The plant was only lightly damaged, but remained closed for more than a month, mainly due to lack of supplies and energy, in addition to a badly damaged Sendai port. Toyota has long been recognized as an industry leader in manufacturing and production. Three stories of its origin have been found, one that they studied Piggly-Wiggly's just-in-time distribution system, one that they followed the writings of W. Edwards Deming, and one that they were...
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