The Toyota Way

In: Business and Management

Submitted By valpo
Words 300
Pages 2
The Toyota Way

I have learned about “the Toyota Way”, which leads Toyota to success. “The Toyota way” is the core value and culture of Toyota. I learned a lot from “the Toyota way”. The following are 5 basic principles of “the Toyota Way”:
First, challenge.
Challenge means that a corporation should always challenge itself in terms of challenging the process. A company should not say that we are doing very well and we need not make any improvements. Unless a company always challenges the process, it cannot have constant competitive.
Secondly, improvement
An organization should keep improving itself. As the CEO of Toyota said, there is no perfect car; we are improving our cars base on customer’s needs. We should never think we are the best; we should keep identifying where we can still work on and improve. Consistent improvement is one of the traits of a great company.
Thirdly, go and see
All managers and employees should walk around to observe and find problems. This is basically a concept of managing by walking around, however, Toyota requires that all the employees have the ability to identify the potential problems. This ability needs a lot of experiences and knowledge.

Fourthly, respect
We should respect our employees and customers, as well as partners. We respect others and then they are going to respect us. Then we can a very good relationship with employees, customers and partners, which are very good for us.

Fifthly, teamwork
Teamwork is very important for an organization. Both the teamwork inside the company and the teamwork with the partners are significant for a corporation.

I think great values are the base of the success of an organization. It is very important for a leader to create good values to lead the company to…...

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