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Toyota
marked the milestone of its 70th anniversary in 2007, being the world's
largest automobile manufacturer, selling over 9.3 million models in 2007 on all
five continents. Toyota is ranked among the world's leading global corporations
and is proud to be the most admired automaker, an achievement the company
believes stems from its dedication to customer satisfaction. Toyota has been
shaped by a set of values and principles that have their roots in the company's
formative years in Japan.
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Since always, Toyota
vehicles have been recognized for their quality and are consistently ranked
higher than other car makers in owner satisfaction surveys, due in large part
to the business philosophy of its production system.
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The Toyota Way
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Toyota's management philosophy has evolved from the company's origins and has
been reflected in the terms "Lean Manufacturing" and Just In Time Production.
The Toyota Way has four components: 1) Long-term thinking as a basis for
management decisions, 2) The right process will produce the right results, 3)
Adding value to the organization by developing its people, and 4) Recognizing
that continuously solving root problems drives organizational learning. The
Toyota Way incorporates the Toyota Production System.
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In R&D, Toyota is continuing to focus its efforts on the three key areas of
the environment, safety and energy. In particular, Toyota has positioned hybrid
technologies as core technologies, which can contribute to resolving
environmental issues. It continues to undertake development with a
commitment to leading the advancement of such technologies.
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Designers. Developers.
Suppliers and team members. From paper to pavement, all across the world,
hundreds of thousands are hard at work, coming together to develop tomorrow's
vehicles today.
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