A brief introduction about Toyota

Toyota is one of the best-run companies in the world. Much of its success is due to "lean thinking," a concept that aims to create additional value for the end customer, according to Mike Morrison, Dean of Toyota University

I was rather shocked when I heard this news over the TV, not by the fact that such a decision was made but the length of time it has decided to stop it's production. That's effectively 1/3 of a month !! Can your company stop production for 11 days ?

Obviously, this recession has effectively affected Toyota that it has decided to make such a drastic move. By the way, Toyota is considered world wide as one of the few companies which has a fantastic culture and management system. Just look at their rise to their current status.

Toyota Management Style is influenced by Taiichi Ohno, who developed the Toyota Production System. Quote: "I feel strongly that the word 'work' refers to the production of perfect goods only. If a machine is not producing perfect goods, it is not 'working'."

• Many of you till now may think that this is just another IDEAL but Personnel in the production line has the power to halt the production when malfunction occurs.

Toyota Coporate Strategy: “Cut down on the distance that things move throughout the plant.”

Toyota Strategic Management: “Utilise the inherent talent of your workers.”

Toyota Leadership Model: "Never fail to reward merit, but never let a fault go unremarked."

To know more about Toyota: The Toyota Way - Jeffery K. Liker