The Toyota Way

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    The Toyota Way

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    INTRODUCTION: Toyota Talent Developing Your People the Toyota Way by Jeffrey K. Liker and David Meier was written after two prior published books regarding Toyota Company’s management- The Toyota Way and The Toyota Way Fieldbook. The authors decided to come up with this third installment of the Toyota series book because of the intention of explaining in details the 4P model of excellence (philosophy, people, problem solving and process) that was introduced in the previous books. Though this reading material is part of a series it can be read alone, meaning, one may not need to read the prior marketed books to be able to understand this. I chose to do review with this particular book for Health Care Economics subject because I wanted relate…

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    In a 2003 article entitled Competitive Advantage the Toyota way, Toyota is highly touted for its ability to create a competitive advantage with limited capital resource and the appropriate usage of human and capital resources (Fane, Vaghefi, Van Deusen & Wood, 2003). This information from 2003 is relevant because it was the predecessor for the recalls that created such turmoil in the organization. Our text identifies the five steps strategic control process for organization’s top managers as…

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    Toyota Way Case Study

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    • The Toyota Way illustrates 14 principles based on the authors 20 years of studying the company—these 14 Principles shape the underlying foundation of the unique management methods to lean manufacturing. This unique method is termed—“Toyota Production System” (TPS). But its continued success at implementing these tools comes from its philosophy--The Toyota Way, which is based on an understanding of people and what motivates them. • Liker contends that Toyota’s success stems from using the…

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    The Toyota Way Summary

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    In the book, “The Toyota Way” by Jeffrey Liker, the author introduces that the 14 principles of the Toyota way could be divided into four categories, including “long-term philosophy, the right process will produce the right results, add values to the organizations by developing your people, and continuously solving root problems drives organizational learning”. From my perspective, I want to talk about them from three major aspects. I will talk about their system firstly, then continue to show…

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    Toyota Motor Corporation has been a well know car maker for over 30 years. Toyota vehicles are sold around the world. In the Toyota Motor Corp, there are several brands: Toyota, Lexus, Daihatsu, Ranz, Scion and Hino. Toyota, known as one of the world’s largest automakers, manufactures trucks, cars, parts, and motorcycles in 27 countries around the world including the United States. Toyota is known by the consumer for producing high quality, reliable vehicles. The Toyota recall crisis started…

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    The 2015 Toyota Camry is one of the number one selling vehicles in America. The first Toyota Camry was created in Japan in the year of 1982. The Camry then was known as a compact car but it has now grown to a bigger vehicle know as a sedan. The Toyota Camry is known for its many astonishing features, such as; good on mileage, comfort and safety. The reason I chose the 2015 Toyota Camry was because my family has been driving Toyota for many years now. The mileage on these vehicles…

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    Toyota Corolla

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    AutoNation Toyota Gulf Freeway is thrilled to share their 2015 Toyota Corolla Overview with drivers in the South Houston and surrounding areas. The 2015 Toyota Corolla combines impressive fuel economy, convenience and comfort features, and safety standards together into one versatile sedan. This great vehicle, perfect for both families and individuals alike, is a five-seater compact sedan available in four different trim levels: L, LE, LE Eco, and the S. Adding to the modern luxury feel, all…

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    Ad Comparison Essay

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    Buying a car can be a great, but costly investment. On the dealer’s part, their job is to sell their automobiles best, through positive marketing and persuasive propaganda. The consumer’s goal is to purchase a car that fits their needs and that is within or below budget. Toyota is a reliable, family-oriented automobile brand that appeals to the masses by producing safe, high quality, and affordable cars. These two Toyota ads appeal to a specific group of people by promoting with two visually…

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    Group in Japan. The company got its start in 1956 with its first dealership network, called Yokohama Toyopet. The company’s founder, Kanji Miyahara Sr., saw an opportunity to diversify and, potentially, to add exponential growth in profit to his company by opening a Toyota franchise in Canada. So, in 1973, and working closely with Toyota Canada, Don Valley North Toyota began operations. Needless to say, Weins Group has profited enormously due to this calculated risk. This success certainly…

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    taking advantage of immobile, natural, or created regional endowments. Finally, Internalization allows Toyota to determine the benefits of taking on the costs of cross border markets and managing themselves, instead of allowing the market to expose the firm to whatever costs may arise. (Hill) Depending on the size and establishment of the economy that Toyota is considering entering into, we will see that there are important decisions made regarding Incremental Internalization. That is; the…

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