Toyota – Great Strategy
Achieving success by strategy
Factors responsible for Achievement
Note: References must be from peer-reviewed articles.
Toyota is one of the most successful automotive firms globally, and it owes much of this to its Toyota Production System (TPS). Such a system allows Toyota to create high-quality vehicles at the lowest cost possible. Strategic long-term planning also has a significant impact on Toyota’s success in the automobile industry. Amid this, it also relies on operational management concepts such as JIT and kaizen as a means of avoiding waste. At the moment, Toyota should focus on expanding EV technology because this is the car of the future.