toyota phioshophy

Toyota philosophy
Main article: The Toyota Way

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, which it was instrumental in developing.[22] The Toyota Way has four components:

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.[23]

The Toyota Way incorporates the Toyota Production System.