What comes out of following these four principles in letter and spirit? - 1. Long-term thinking as a basis for management decisions. 2. A process for problem-solving. 3. Adding value to the organization by developing its people. 4. Recognizing that continuously solving root problems drives organizational learning. Well, if you said you will become the best in what you choose to do, you wouldn’t be wrong. Toyota Motor Corporation followed those principles and not quite surprisingly, emerged as the world’s largest automaker. That too, being relatively a new comer on the scene. The management philosophy it had laid down as its foundation came to be called famously as The Toyota Way.
Founded in 1937 by Kiichiro Toyoda, as a spinoff of his father’s company Toyota Industries, Toyota Motor Corporation is headquartered in Toyota City, Tokyo, Japan. It employs over 300,000 staff and has over 500 subsidiaries, including Toyota Financial Services, Daihatsu, Hino Motors, Lexus, Scion, Isuzu Motors and Fuji Heavy Industries. With revenue in excess of USD 200 billion, Toyota Motor Corporation is one of the largest conglomerates in the world. Its vehicles were initially sold under the name Toyoda, the family name of the founder, but later changed to Toyota, since the literal meaning of Toyoda in Japanese is "fertile rice paddies".
Toyota is considered as a leader in automotive research and development. It has introduced a number of new technologies and many firsts in automotive engineering history, including mass-production of hybrid gas-electric vehicles, automatic parking system, an eight-speed automatic transmission to name a few. The legendary Toyota Production System (TPS) aims to bring down the productions costs by employing techniques such as the Just-in-Time (JIT) inventory system and Lean Manufacturing system. Today Toyota is known for reliability, durability, excellent engineering and design. Above all, Toyota comes around as an environmentally responsible automaker, pushing the hybrid technology aggressively and being the largest producer of hybrid vehicles, such as the popular Toyota Prius.
Toyota Corolla is one of the most popular cars in the world and it is estimated that one Corolla is sold every 40 seconds in the last 40 years. As of 2007, over 35 million Corollas have been sold. Apart from Corolla, Toyota has introduced many other popular brands, including Toyota Camry, Highlander, Sienna, Tundra, Venza, RAV-4 and the hybrid car Toyota Prius. Toyota is set to mass produce the all-electric vehicle in early next decade.
Toyota Escondido is a San Diego Toyota dealer, serving San Diego and nearby areas since 1981. Dealership, conveniently located 2 miles off the I-15 freeway, in Escondido, offers a full range of new as well as pre-owned Toyota vehicles, vehicle service as well as parts and accessories. The website features all the vehicles in its inventory, a quick online quote, specials and coupons of the season and also facilitates scheduling an appointment or a test drive. The finance team at the dealership helps people avail auto finance based on their credit profile and individual needs. The website also has a Spanish version.