Toyota Motor Corporation (TMC)

Toyota Motor Corporation (TMC)

Toyota Motor Corporation (TMC)

Toyota today manufactures a diverse line-up of vehicles all over the globe. As an innovative leader, Toyota is well-known for its management philosophy and the world`s first mass-market hybrids. Toyota Motor Corporation has endeavored to serve society by creating better products. Toyota conducts its business worldwide with 50 overseas manufacturing companies in 27 countries and regions. Toyota`s vehicles are sold in more than 160 countries and regions.

Company details

1 Toyota-Cho, Toyota City , Aichi Prefecture , 471-8571 Japan
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Business Type:
Manufacturer
Industry Type:
Automobile & Ground Transport
Market Focus:
Globally (various continents)
Year Founded:
1937
Employees:
Over 1000
Turnover:
more than $1,000,000,000 US

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An indepth look at the history, principles, methods of operation and varied business avenues of Toyota.

Vision & Philosophy
Since its foundation, Toyota has been using its Guiding Principles to produce reliable vehicles and sustainable development of society by employing innovative and high quality products and services.

Guiding Principles at Toyota

  1. Honor the language and spirit of the law of every nation and undertake open and fair business activities to be a good corporate citizen of the world.
  2. Respect the culture and customs of every nation and contribute to economic and social development through corporate activities in their respective communities.
  3. Dedicate our business to providing clean and safe products and to enhancing the quality of life everywhere through all of our activities.
  4. Create and develop advanced technologies and provide outstanding products and services that fulfill the needs of customers worldwide.
  5. Foster a corporate culture that enhances both individual creativity and the value of teamwork, while honoring mutual trust and respect between labor and management.
  6. Pursue growth through harmony with the global community via innovative management.
  7. Work with business partners in research and manufacture to achieve stable, long-term growth and mutual benefits, while keeping ourselves open to new partnerships.

Established in 1992, revised in 1997. (Translation from original Japanese)

Five Main Principles of Toyoda

  • Always be faithful to your duties, thereby contributing to the company and to the overall good.
  • Always be studious and creative, striving to stay ahead of the times.
  • Always be practical and avoid frivolousness.
  • Always strive to build a homelike atmosphere at work that is warm and friendly.
  • Always have respect for spiritual matters, and remember to be grateful at all times.

We have compiled our Corporate Social Responsibility Policy: Contribution towards Sustainable Development, which interprets and explains the 'Guiding Principles at Toyota' by taking into consideration the relationship we have with our stakeholders.

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

Through our commitment to quality, constant innovation and respect for the planet, we aim to exceed expectations and be rewarded with a smile.

We will meet our challenging goals by engaging the talent and passion of people, who believe there is always a better way.

A production system which is steeped in the philosophy of 'the complete elimination of all waste' imbuing all aspects of production in pursuit of the most efficient methods.

Toyota Motor Corporation's vehicle production system is a way of 'making things' that is sometimes referred to as a 'lean manufacturing system' or a 'Just-in-Time (JIT) system,' and has come to be well known and studied worldwide.

This production control system has been established based on many years of continuous improvements, with the objective of 'making the vehicles ordered by customers in the quickest and most efficient way, in order to deliver the vehicles as quickly as possible.'

The Toyota Production System (TPS) was established based on two concepts: The first is called 'jidoka' (which can be loosely translated as 'automation with a human touch') which means that when a problem occurs, the equipment stops immediately, preventing defective products from being produced; The second is the concept of 'Just-in-Time,' in which each process produces only what is needed by the next process in a continuous flow.

Based on the basic philosophies of jidoka and Just-in-Time, the TPS can efficiently and quickly produce vehicles of sound quality, one at a time, that fully satisfy customer requirements.

Ever since its founding, Toyota has sought to contribute to a more prosperous society through the manufacture of automobiles, operating its business with a focus on vehicle production and sales. To celebrate its 75th anniversary, the company has compiled 75 Years of Toyota. Have a look at the company's progress over the last three-quarter century.

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With design and R&D bases overseas from the U.S.A. to Belgium, as well as numerous assembly plants, Toyota builds vehicles to suit each individual market. Toyota further provides great new knowledge centers for the public such as museums and plant tours.

R&D Center

  • Toyota responds to the differing needs of global customers with design and R&D centers worldwide.

Worldwide Operations

  • Today, Toyota conducts its business utilizing a network of global manufacturing companies in different countries and regions.

From the development of sustainable vehicles and making manufacturing plants sustainable to vehicle recycling, 'eco-driving' educational programs and reforestation, Toyota is actively engaged in a wide variety of programs to improve the environment.

Summary of Toyota's Initiatives on the Environment
Toyota aims at globally 'establishing a low-carbon society,' 'establishing a recycling-based society,' and 'environmental protection and establishing a society in harmony with nature' to contribute to sustainable growth of society and the planet based on the Fifth Toyota Environmental Action Plan. To realize those aims, we reduce the environmental impact at all stages of vehicle life cycle from development and design, procurement, production and logistics, sales to waste and recycling, and promote environmental management.

Statements to activities relating to the development of key technologies.

Statement

  • Create vehicles that are popular with consumers.

 

Activities

  • Provide world-class safety to protect the lives of customers.
  • Provide optimization of energy/infrastructure to local communities.
  • Putting high priority on safety and promote product development with the ultimate goal of “completely eliminating traffic casualties”.
  • Deliver cars that will stimulating and even inspiring and that will thereby earn smiles from our customers.
  • Addressing employees education under “Genchi-genbutsu” philosophy, which is to go to the source to find the facts to make correct decisions, build consensus and achieve goals at our best speed.
  • Through true mutual trust with partners, contribute to development of new technology and improved expertise.
  • Contribute for economic development of local communities with R&D operations functioning effectively in each region.