How Toyota Operate Its Philosophies Between Japan And Thailand

Words: 3911

Pages: 16

Open Document

Asian Institute of Technology

School of Management

SM71.42 Cross-cultural Management

How does Toyota operate its philosophies between Japan and Thailand?

[pic]

Tutor: Prof. Dr. Marie-Thérèse Claes

Group 1:

• Ms. Phung Viet Ha • Ms. Nguyen Le Hang • Mr. Vu Quang Linh • Mr. Nguyen Van Ha • Mr. Nguyen Trung Thuc

Date: September 7, 2012

Executive summary

In the 21 century, the world we inhabit is coming "flat" where many political, social economic and cultural barriers have been being discharged. The development of global organizations means that …show more content…
Toyota Way is functioning as the key standard of global Toyota organization and it presents Toyota’s philosophy to focus on long-term benefit while developing vehicles that exceed customer expectations and contribute to community and to the future of mobility. The Toyota Way consists of continuous improvements and respect for people. The key concept of Toyota Way is actively working and creating new ideas for the best with ongoing process to improve their business, never satisfied where they are, respect all the stakeholders and working with be believe in success by personal effort and good teamwork (Toyota, 2007). One of the main elements in Toyota Way is mutual respect by promoting safety among employees and employees have to be trained both for daily operation and behavioral role.

Toyota’s Global Visions look toward to following goals:

▪ To lead the way to the future of mobility, enriching lives around the world with the safest and most responsible ways of moving people.

▪ To exceed the expectation and be rewarded with a smile through their commitment to quality, constant innovation and respect for the planet.

▪ To meet their challenging goals by engaging the talent and passion of people who believe there is always better way.

Toyota Production System (TPS) aims at pursing the most

Toyota and Its Mode of Entry Essay

1. Introduction Toyota Motor Corporation was established in 1937. The company operates both automotive, under the brand Toyota, Lexus, Hino and Daihatsu, and non-automotive and can be seen as one of the best known automobile manufacturers. According to Japan Corporate News network, in 2007, the firm sold over 8.5 million vehicles in more than 170 countries. Based on Toyota Motor Global site , the major Consolidated Subsidiaries of Toyota Corporation across the world mainly locates in North America…

Words 2868 - Pages 12

Essay Toyota Overview

Andre Correa MGT490 Dr. McDermott Assignment 1 Toyota Motors Company Toyota Motors Company (TM) is a Japanese-based, publicly listed multinational company. Its world headquarters is located in Toyota City, Japan, and Akio Toyoda is its current CEO. He has been in the position since 2009. The company manufactures a diverse line-up of vehicles all around the globe. The vehicles range from small cars and sedans, to SUVs and trucks. However, Toyota does not only makes cars. The company has three…

Words 1346 - Pages 6

Toyota Final Corporation Analysis Essay

Executive Summary • The Toyota Motor Corporation is leading the way to future mobility through innovation, productivity, quality and efficiency. Toyota uses a self-developed strategy known as the Toyota Production System (TPS) to guide business process improvements. TPS has been utilized by a variety of industries all over the world. The advantages of TPS are savings in time, space and resources resulting in increased efficiency and revenue. Toyota Motor Corporation is a leading global automobile…

Words 5174 - Pages 21

Essay on General Motors Analysis

General Motors Analysis I. Executive Summary II. Company Overview and History III. Analysis of External Environment a. Analysis of the General Environment b. Analysis of the Competitive Environment i. Dominant Economic Characteristics of the Industry Environment 1. Market size and growth rate 2. Number and sizes of competitors 3. Stage in the industry life cycle ii. Strategic Group Analysis…

Words 8279 - Pages 34

IB Notes Essay

transactions within borders of the country in which it is based. Relies primarily on products and services made in Canada International business: the economic system of transactions conducted between businesses located in different countries Domestic market: all your customers live in the country where your business operates Foreign market: consists of all the customers in a country other than your own 5 Ways a Business Could Be Considered International 1) Own retail/distribution outlet in diff country…

Words 7221 - Pages 29

mgmt2101 final exam notes Essay

interest rates, accounting practices, cultures, social customs, laws, political stability ii) Operational nature (micro) -> hierarchy of managers Communication, coordination, motivation, differences in organizational principles and management philosophies 2. Globalization World moving away from self-contained national economies toward an interdependent, integrated global economic system (economic definition) The shift towards a more integrated and interdependent world economy Describes major economic…

Words 8745 - Pages 35