Toyota Motor Corporation Case Analysis Essay

Overview: The Toyota Production System has long been hailed and admired as the source of Toyota’s outstanding performance as a manufacturer. TPS aims to eliminate waste, reduce defects and maximize flow. TPS aims to increase efficiency and productivity by employing a unique production system that cuts costs through continuous improvement. Long term goal is to yield sharp reductions in product development and manufacturing lead times. Toyota want to be the industry best and they stand behind their culture to share the wealth of how they do it.

INTRODUCTION Toyota is one of the world’s best-known and most successful businesses, building cars and trucks in 27 countries for sale in more than 170 markets around the globe. Worldwide production was 9.5 million (8.5 million for Toyota and Lexus brand vehicles) in 2007, placing Toyota Motor Corporation (TMC) firmly among the world’s leading vehicle manufacturers. This result keeps it on course to achieve its ambition of becoming the world number one by the end of the decade, with a 15 per cent market share.

Founded in 1937, Toyota Motor Corporation is a Japanese company that engages in the design, manufacture, assembly, and sale of passenger cars, minivans, commercial vehicles, and related parts and accessories primarily in Japan, North America, Europe and Asia. Toyota has become one of the largest auto producers in the world and it is still evolving and penetrating different national markets all over the world. The company is famous for its high quality vehicles and innovative technologies (Toyota Global, 2015).

Toyota initially establish in Japan by Sakichi Toyoda. However in 1933 Toyoda company enhance into many field and one of them is automobile industry where it was named as Toyota (Toyotauk, 2013). Today, Toyota able to cross many boundaries and develop their business from plain filed to massive production firms. Toyota currently the global number 1 position after beating General Motors and Volkswagen Group on vehicle sales for 2013 (Gibbs, 2014). According to Gibbs (2014) Japanese firm recorded $9.98 million of sales in 2013. Whereas they have estimated to hit the $10 million mark in 2014. The company operates with approximately 339000 employees in 2014 (The Statistics Portal, 2014). Toyota Motors well known for their innovative

Toyota Motors Company is multinational Japanese vehicle producer, an enterprise that has it 's headquartered at Toyota, Aichi. Toyota Motors are the biggest world 's producer of the autos about the statistics of 2013 by the quantity of vehicles. Toyota was additionally the greatest maker of the autos in 2012 and has been the initial a car producer that delivered ten million vehicles for each year. It is likewise recorded the most significant assembling organization in Japan of the market capitalization and income. The engines business delivers its vehicles

Toyota Motor Corporation (TOYOTA) is one of biggest automaker in the world. Main products are a passenger car, truck, bus, RV etc. The company headquartered in Toyota, Aichi, Japan which employed 300,734 people worldwide and was the third largest automobile manufacture in 2011 by production behind General Motors and Volkswagen Group. Toyota is the eighth largest company in the world by revenue (around 200 billion USD) in 2011. The company reported it had manufactured its 200million cars in 2012.

Toyota Motor Corporation is one of the Japanese automotive manufacturer that headquartered in Toyota, Aichi, Japan. The history of Toyota began in 1933 with the company being a division of Toyoda Automatic Loom Works devoted to the production of automobile under the direction of Kiichiro Toyoda, the founder’s son. Toyota Motor Corporation have use code of conduct, corporate social responsibility and sustainability policies for their firm daily operations.

Toyota is one of the leading manufacturers of vehicles in the United States and across the globe. Toyota is ranked #55 in Forbes, World’s Biggest Public Companies, and capturing sales of 202.8 billion and a market cap of 137.8 billion as of March 2011

Toyota Motor Corporation is an international car manufacturer that is based out of Toyota, Japan. Toyota started vehicle production in 1933 with the company being a division of Toyoda Automatic Loom Works devoted to the production of automobiles under the direction of the founder's son, Kiichiro Toyoda. Throughout the early years of Toyota, they were well known for making highly desirable vehicles that were efficient and reliable. However, in recent years Toyota has been plagued with recalls for various reasons. Many of these recalls are safety related issues that have tainted to company’s sterling reputation. For instance, in January 2010, Toyota suspended sales of eight recalled vehicle models to fix accelerator pedals with mechanical problems that could cause them to become stuck. In December 2012, Toyota announced an agreement worth more than $1 billion to settle a lawsuit involving unintended acceleration in some of its vehicles (Wikipedia, 2017). Business experts believed that it was not necessarily the recall that damaged Toyota’s reputation, but rather the way that the recalls were handled. Many individuals believe that Toyota executives were insincere in their apologies, and that they did very poorly at explaining the recalls and what the course of correction was for the problems (Kaufman, 2010). Toyota’s CEO, Akio Toyoda, stated in an inter interview that the company was growing to quickly and was putting growth-related goals above quality concerns

Toyota Motor Corporation is an international company that is the largest producer of automobiles in Japan. Currently, the firm is the world 's second biggest motor vehicle dealer in relation to total assets, income, and benefits. The enterprise was established in 1937 as Toyoda Automatic Loom Works Limited. Since its conception, it has grown and expanded its operations to all continents. Its success is based on the nature of its products and manufacturing processes. In 2010, Toyota sold 7.24 million units worldwide (Toyota, 2010). This paper analysis its structure and the strategic management that have seen it grow rapidly to become the world 's leading manufacturer of motor vehicles.

The longstanding reputation of Toyota as the best car manufacturers in the world was questioned in 2009 August when a California Highway Patrol Officer known as Mark Saylor who was off-duty together with his family met a fatal accident. The patrol office call 911 from his Lexus as the car gas pedal became stuck and made the car to accelerate over 100 mph in Highway 125 in San Diego. According to 911 tape recording, the officer final word was for the family to hold on and pray as the Lexus crashed into another car. This accident led to the death of all four passengers which became a public relation disaster for Toyota Motor Corporation. Since the fatal crash of a Lexus, Toyota vehicle have become exposed with a number of

The Toyota Motor Corporation was once a division of the Toyoda Automatic Loom Works, Ltd. In 1926, Sakichi Toyoda founded the Toyota Industries Corporation known at the time as the Toyoda Automatic Loom Works, Ltd. Toyoda started with his first invention in 1890 which was the Toyoda Wooden Hand Loom which was, then, modified to make the Toyoda Power Loom in 1896. The invention of the power loom leads to his next invention which was the Circular Loom invented in 1906. Toyoda finally invents the Toyoda Automatic Loom in 1925. The product was then marketed in 1926 marking the start point of the well-known corporation of today, the Toyota Industries Corporation. After 3 years in 1929, Sakichi Toyoda sold the patent for the automatic loom to Platt Brothers & Co. from United Kingdom.

Toyota Motor Corporation is a Japanese multinational automobile company since 1937 found by Kiichiro Toyoda. It is currently directed by Akio Toyoda. Toyota is a large company that currently work with 331,876 employees since March, 2013. (Toyota, 2013). As most successful companies, Toyota had its great moment of success in the United States. Due to acceleration issues on its automobiles, the company was recalled for safety risks in 6 million of its cars, and Toyota’s reputation really suffered from it.

In late 2009, Toyota Motor Company saw 9 million of their vehicles reviewed because of reports that few of them experienced sudden unintended acceleration. The sudden acceleration was the primary emergency that Toyota confronted, bringing about a chain of response that resulted in the progression of different issues.

They had to recall 8 million of various cars and truck models manufactured by the Toyota corporation in the USA for brake-related issues. The company had to pay the fine of $16.37 million for delayed response to alert about the defect to National Highway Traffic Safety Administration. However, to find the core cause of the problem, the company stopped the manufacturing of the product and sales. The employees of the organization started working and focusing on taking the corrective action of the situation rather than manufacturing.