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The Toyota Way is a set of principles defining the organizational culture of Toyota Motor Corporation. [ 1 ] [ 2 ] The company formalized the Toyota Way in 2001, after decades of academic research into the Toyota Production System and its implications for lean manufacturing as a methodology that other organizations could adopt. [ 3 ]
The Toyota Production System (TPS) is an integrated socio-technical system, developed by Toyota, that comprises its management philosophy and practices. The TPS is a management system [ 1 ] that organizes manufacturing and logistics for the automobile manufacturer, including interaction with suppliers and customers.
The company also holds a 20% stake in Subaru Corporation, a 5.1% stake in Mazda, a 4.9% stake in Suzuki, a 4.6% stake in Isuzu, a 3.8% stake in Yamaha Motor Corporation, and a 2.8% stake in Panasonic, as well as stakes in vehicle manufacturing joint-ventures in China (FAW Toyota and GAC Toyota), the Czech Republic , India (Toyota Kirloskar) and ...
By Sara Rodriguez, Sage ESG Research Analyst About Toyota Motor Corporation Toyota Motor Corporation is a Japanese multinational automotive company that designs, manufacturers, and sells passenger ...
Genchi genbutsu (現地現物) literally translates "real location, real thing” (meaning "the situation onsite") and it is a key principle of the Toyota Production System. The principle is sometimes referred to as "go and see."
Archer's core value proposition. ... Archer faces strong competition from well-funded rivals like Joby Aviation, which benefits from Toyota's manufacturing expertise and financial resources. The ...