Toyota Production System — From Recall Crisis to Recovery

Eiko Ishikawa

Chapter 11 in Overcoming Crisis:Case Studies of Asian Multinational Corporations, 2023, pp 157-169 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Toyota Motor Corporation (Toyota) became the world automobile production leader for the first time when the company overtook General Motors in 2008. The basis of this success is Toyota’s world-famous Toyota Production System (TPS) which eliminates waste, unnecessary activities, and inventory and so allows production with the highest efficiency (highest quality and lowest cost). This production methodology is used not only by Toyota but also by its suppliers…

Keywords: Globalization; Asian Business/Management; Entrepreneurship; Strategy; Crisis; Marketing; Decision Sciences; Gaming; Automotive; K-Pop; Aviation Industry; Restaurant and Hospitality Management; Keiretsu; Chinese Management; Korean Management; General Business; Management; International Trade (search for similar items in EconPapers)
JEL-codes: D23 L26 M1 M16 (search for similar items in EconPapers)
Date: 2023
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