1
Case Study Analysis Toyota Car Company
Case Study Analysis - Toyota Car Company
History and Development
Toyota is a car manufacturer of Japanese origin with a headquarters which is located in Aichi, Japan. It also was founded in 1937 by Toyota Kiichiro. Toyota is one of the best manufacturing automobile companies in the world that also ranked 11th best in the world for its revenue generation in 2012. The methods that Toyota adopts in manufacturing are called the lean manufacturing system. This system ensures that the vehicles that were produced by the company were of high quality and provided continuous improvement. The company's objectives would quickly make the most efficient vehicles to meet the requirements and demands of its customers. This paper will examine the Toyota car company and explain its production, manufacturing, and distribution processes at all levels.
Toyota devised an unbeatable supply chain management technique that allows them to work faster to meet the company demands. The first part of the process is locating parts, and then importing them. Goods are received stored and produced in dealerships, and then the customers buy the cars. The raw materials are procured from a third-party company, and then they are assembled in line for manufacturing (Rothaermel, 2013).
In the transportation process, it entails that Toyota would deliver the products to its customer base using barges and or trucks. Toyota company strives to be efficient in its system by utilizing what is required when it's needed. They also hold production whenever there is a malfunction in the system. Toyota has had the competitive advantage of efficiency and speedy delivery of the products and the company hardly squanders materials or resources (Monden, 2019).
Several factors have contributed to Toyota's long withstanding global success. One of these key drivers is a supply chain management that was developed by Shigeo Shingo and Taiichi Ohno. The management technique components consist of compatibility capabilities, joint improvement undertakings, interlocking structures, mutual understanding, and trust. When Toyota expanded its dealings overseas, they encountered a significant setback where the efficiency was weakened. Regardless, they made a comeback by utilizing their joint improvement activities and recovered the process. This move made the customers extremely impressed with their ability and efficiency to make production fast (Rothaermel, 2013). By utilizing parts until they are finished, then ordering some more, Toyota eliminates unnecessary purchases on the inventory. Therefore, the company can plan and improve processes.
The External Environment for the Toyota Car Company
The 21st-century business is highly competitive. Today, maintaining the status quo is not enough to prevent competitors from achieving a competitive advantage over any company. A successful company is recognized by its ability to coordinate, integr.
Toyota is a one of the leading automobile manufacturers in the world. You will gain valuable insights on its popularity among the consumers, and also find a detailed SWOT analysis of the automobile company from this presentation.
Toyota is a brand known for its advanced engineering expertise . In this slide we have undertaken a detailed analysis of Toyota and have done SWOT Analysis of Toyota. The outline for all the causes of Toyota making mark in the industry has been formed in this PPT. We have shown how Toyota, the Japanese No.1 car maker hurt its own brand and recovered from it.
Toyota is a one of the leading automobile manufacturers in the world. You will gain valuable insights on its popularity among the consumers, and also find a detailed SWOT analysis of the automobile company from this presentation.
Toyota is a brand known for its advanced engineering expertise . In this slide we have undertaken a detailed analysis of Toyota and have done SWOT Analysis of Toyota. The outline for all the causes of Toyota making mark in the industry has been formed in this PPT. We have shown how Toyota, the Japanese No.1 car maker hurt its own brand and recovered from it.
Toyota Corporation developed the lean production concept that made it an industry leader in area of productivity and quality. The advantages that the system presented propelled the corporation to the top of the industry. However, Toyota appears to be losing its position as the most productive company in the automobile industry. It is also experiencing difficulties dealing with competition. The main problem in Toyota’s case is that the company is losing its competitiveness. This paper examines the causes of this problem using model such as PEST, Five Forces Analysis, Value Chain Analysis, Resource-Based-View and the industry fitness landscape. The paper also identifies alternative strategic options that Toyota can use to address the competitiveness problem. The paper recommends that Toyota adopts the Blue Ocean Strategy as this strategy will guarantee sustainable source of competitive advantage for Toyota.
. Review the three articles about Inflation that are found below thi.docxadkinspaige22
. Review the three articles about Inflation that are found below this.
2. Locate two JOURNAL articles that discuss this topic further. You need to focus on the Abstract, Introduction, Results, and Conclusion. For our purposes, you are not expected to fully understand the Data and Methodology.
3. Summarize these journal articles. Please use your own words. No copy-and-paste. Cite your sources.
.
. Find an invertebrate that is endemic to Florida. Endem.docxadkinspaige22
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Find an invertebrate that is endemic to Florida. Endemic means that the species only lives in Florida. Where does it live and what does it eat?
What is its impact on the local ecosystem? Is it endangered, threatened, or not?
Why is it your favorite?
Attach a picture of your invertebrate to your discussion post.
Cite at least one website using APA forma
.
. Go to a news site and look at the headlines of several articles. A.docxadkinspaige22
. Go to a news site and look at the headlines of several articles. Are there any hidden assumptions in the headlines? How do the headline writers try to persuade you to click? Now click on one of the headlines and read the article quickly. Ask yourself, “How do the arguments and the support offered by the writer connect with the values and beliefs of the intended audience? What assumptions does the author take for granted the audience will accept?”
.
-Describe the Plessy v. Ferguson Supreme Court Case of 1896; how was.docxadkinspaige22
-Describe the Plessy v. Ferguson Supreme Court Case of 1896; how was this ruling an example of legal discrimination?
-What is another example of legal descrimination (state or local)?
-What are at least 2 examples of extra-legal practices (i.e., KKK, banishment, …) of the Jim Crow South, used to terrorize Blacks socio-economically; what do you think motivated these racist acts and policies?
-What organizations and/or individuals examplify the tactics of of accommodation, radical-protest, and nationalism tactics during this "nadir" period of Jim Crow?
-Based on the unit resources provided, what are you left wondering about; what questions are left unanswered for you?
.
-Do the schedule with Activity on Node and also draw the schedule.docxadkinspaige22
-Do the schedule with Activity on Node and also draw the schedule
AND
-Do the schedule with Activity on Arrow and also draw the schedule
PS: Use the construction estimating rsmeans book for any additional information. The excel file for the assignment is uploaded and additional notes are posted.
.
. Record your initial reaction to the work (suggested length of 1.docxadkinspaige22
. Record your initial reaction to the work (
suggested length of 1 paragraph or half a page
) by doing the following:
1. Describe your initial thoughts and/or feelings about the work.
2. Describe in detail
at least
one
aspect of the work that most interests you.
B. Analyze the work (
suggested length of 2–4 pages
) by doing the following:
1. Describe the historical context of the period in which the work was created.
2. Discuss insights into the work that can be gained from the artist’s biography.
3. Analyze how this work explores a particular theme and/or stylistic characteristic from its period.
4. Explain the relevance of this work for today’s audiences.
C. Discuss how the deeper knowledge you gained through your analysis has informed or altered your thoughts and/or feelings about the work (
suggested length of 1 paragraph or half a page
).
D. When you use sources to support ideas and elements in a paper or project, provide acknowledgement of source information for any content that is quoted, paraphrased or summarized. Acknowledgement of source information includes in-text citation noting specifically where in the submission the source is used and a corresponding reference, which includes the following:
• author
• date
• title
• location of information (e.g., publisher, journal, website URL)
E. Demonstrate professional communication in the content and presentation of your submission.
.
-Describe the existing needs for cost information in healthcare firm.docxadkinspaige22
-Describe the existing needs for cost information in healthcare firms.
-Describe how cost information relates to the three key activities of management: planning, budgeting, and control.
-Describe the three main phases of the costing process.
-Explain the two systems necessary to accurately cost healthcare encounters of care.
-Describe the concept of relative value units (RVU).
.
--------250 words---------Chapter 18 – According to literatu.docxadkinspaige22
--------250 words---------
Chapter 18 –
According to literature review and the EU Energy Security and ICT Policy, the authors indicated that, the points of departure of the EU’s (European Commission 2007) energy policy was threefold: combating climate change, limiting the EU’s external vulnerability to imported hydrocarbons, and promoting growth and jobs, thereby providing secure and affordable energy for consumers. The main focus of the EU’s policy ideally was to move towards a single global regime and the mainstreaming of climate into other policies; and hence receiving a 20% portion out of the entire 2014–2020 EU budget. The focus at the urban level was to produce the greatest results in an energy-efficient effort that will integrate three sectors.
Q1
– What are these three sectors? Identify and name the
three sectors
Chapter 18
: When looking further into the EU’s Energy Security and ICT sustainable urban development, and government policy efforts:
Q2
– What are the five ICT enablers of energy efficiency identified by European strategic research Road map to ICT enabled Energy-Efficiency in Buildings and constructions, (REEB, 2010)? Identify and name the
five ICT enablers
,
.
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-Please name the functions of the skeletal system.
2-Where are located the long bones? Please give 2 examples and explain the importance of a long bone
3- What is epidermis? What are its functions?
4-Where is located the anterior fontanel? In between which bones?
5- What is an epicondyle, a fossa, a sinus, and a trochanter?
6.- What is a sarcomere?
7.- Please explain the steps of the impulse transmission through the neuromuscular junction.
8.- What are the differences between the three types of muscles?
9.- Please name the 9 abdominal regions, and some organs in each one.
10.- What are the functions of the frontalis muscle, and the deltoid?
.
-TOPIC= Civil Right Movement and Black Power Movement#St.docxadkinspaige22
-TOPIC= Civil Right Movement and Black Power Movement
#Students must submit
a short research paper that compares and contrasts two events: one from the past, and one from the present.
(Note: the term “events” broadly refers to notable developments or issues, recognized political and social leaders, organizations, and/or social movements.) This assignment focuses on the Core Objective of Social Responsibility. However Critical Thinking Skills and Communication Skills will also be assessed.
Suggested outline
·
Page 1
–
Provide a historical overview of this subject, such as when it took place, why it took place . Page 2, 3 and 4 instructions come directly from information received in terms of what is to be a part of this assignment. However I provided what I believe what may be a more clearer question in red lettering..
Page 2
What issues of fairness and/or inequality were addressed by individuals and groups involved with the events? Be sure to include a discussion of racial prejudice, discrimination, and ethical behaviors. (What key events took place to cause this event to take place.. for example..if you selected Black Lives Matter you can site the names and other info of those murdered which prompted this movement)
·
Page 3
How did individuals and groups involved with the events under analysis take a proactive role in changing society and/or participating in the democratic process? (Was this a one time protest or event? Was it spontaneous or organized and who were the organizers and key people involved? Was in confined to one city or did it occur in other places?)
·
Page 4
How can our nation overcome problems of race relations in establishing a fair and equal society? How have conditions for African Americans changed? How have they remained the same? (What was or is the outcome of this event? What is its relationship to the discipline of African American Studies? What are the future implications of this for Black People specifically and all people in general…Share your thoughts)
*
Double-spaced, in 12-point font, range between 800 and 1200 words, (3 ½ to 4 ½ pages, approximately 6 to 8 paragraphs.. 5-7 sentences in each paragraph)
*Paper must be A++ with no plagarism.
*Paper must be critically sound.plagiarism
.
- Wordcount 500 to 1000 words- Structure Cover, Table of Conte.docxadkinspaige22
- Wordcount: 500 to 1000 words
- Structure: Cover, Table of Contents, References and Appendix are excluded of the total wordcount.
- WRITTEN LIKE AN ESSAY with Intro, Main Part & Conclusion
- Citation: The in-text References and the Bibliography must be in Harvard’s citation style.
It assesses the following learning outcomes:
Outcome 1: understand the fundamental aspects of contractual relations.
Outcome 2: identify different issues and laws applicable in contractual context.
Outcome 3: learn how to address those issues and sustain solid arguments.
Task:
On August 1, Daniel visited local the electronics shop to purchase a new TV. He saw one he liked but was not sure if he could afford the 850€. The store owner agreed to write up and sign an offer stating that it would be held open for ten days, which he did. On August 2, the owner changed his mind and sent Daniel an e-mail revoking the offer, which Daniel received immediately. On August 3, Daniel sent a reply e-mail accepting the original offer.
o Is there a contract in the above-mentioned case? Explain why/why not.
o In interpreting agreements for the purpose of establishing whether a valid contract exists, what standards are generally
applied by the courts?
o What is understood as offer in Contract Law? When is an offer valid?
o What is an acceptance under Contract Law? When is an acceptance considered effective?
.
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Toyota Corporation developed the lean production concept that made it an industry leader in area of productivity and quality. The advantages that the system presented propelled the corporation to the top of the industry. However, Toyota appears to be losing its position as the most productive company in the automobile industry. It is also experiencing difficulties dealing with competition. The main problem in Toyota’s case is that the company is losing its competitiveness. This paper examines the causes of this problem using model such as PEST, Five Forces Analysis, Value Chain Analysis, Resource-Based-View and the industry fitness landscape. The paper also identifies alternative strategic options that Toyota can use to address the competitiveness problem. The paper recommends that Toyota adopts the Blue Ocean Strategy as this strategy will guarantee sustainable source of competitive advantage for Toyota.
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. Record your initial reaction to the work (suggested length of 1.docxadkinspaige22
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suggested length of 1 paragraph or half a page
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1. Describe your initial thoughts and/or feelings about the work.
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at least
one
aspect of the work that most interests you.
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suggested length of 2–4 pages
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1. Describe the historical context of the period in which the work was created.
2. Discuss insights into the work that can be gained from the artist’s biography.
3. Analyze how this work explores a particular theme and/or stylistic characteristic from its period.
4. Explain the relevance of this work for today’s audiences.
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Suggested outline
·
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How did individuals and groups involved with the events under analysis take a proactive role in changing society and/or participating in the democratic process? (Was this a one time protest or event? Was it spontaneous or organized and who were the organizers and key people involved? Was in confined to one city or did it occur in other places?)
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*
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1Case Study Analysis Toyota Car Company.docx
1. 1
Case Study Analysis Toyota Car Company
Case Study Analysis - Toyota Car Company
History and Development
Toyota is a car manufacturer of Japanese origin with a
headquarters which is located in Aichi, Japan. It also was
founded in 1937 by Toyota Kiichiro. Toyota is one of the best
manufacturing automobile companies in the world that also
2. ranked 11th best in the world for its revenue generation in 2012.
The methods that Toyota adopts in manufacturing are called the
lean manufacturing system. This system ensures that the
vehicles that were produced by the company were of high
quality and provided continuous improvement. The company's
objectives would quickly make the most efficient vehicles to
meet the requirements and demands of its customers. This paper
will examine the Toyota car company and explain its
production, manufacturing, and distribution processes at all
levels.
Toyota devised an unbeatable supply chain management
technique that allows them to work faster to meet the company
demands. The first part of the process is locating parts, and then
importing them. Goods are received stored and produced in
dealerships, and then the customers buy the cars. The raw
materials are procured from a third-party company, and then
they are assembled in line for manufacturing (Rothaermel,
2013).
In the transportation process, it entails that Toyota would
deliver the products to its customer base using barges and or
trucks. Toyota company strives to be efficient in its system by
utilizing what is required when it's needed. They also hold
production whenever there is a malfunction in the system.
Toyota has had the competitive advantage of efficiency and
speedy delivery of the products and the company hardly
squanders materials or resources (Monden, 2019).
Several factors have contributed to Toyota's long withstanding
global success. One of these key drivers is a supply chain
management that was developed by Shigeo Shingo and Taiichi
Ohno. The management technique components consist of
compatibility capabilities, joint improvement undertakings,
interlocking structures, mutual understanding, and trust. When
Toyota expanded its dealings overseas, they encountered a
3. significant setback where the efficiency was weakened.
Regardless, they made a comeback by utilizing their joint
improvement activities and recovered the process. This move
made the customers extremely impressed with their ability and
efficiency to make production fast (Rothaermel, 2013). By
utilizing parts until they are finished, then ordering some more,
Toyota eliminates unnecessary purchases on the inventory.
Therefore, the company can plan and improve processes.
The External Environment for the Toyota Car Company
The 21st-century business is highly competitive. Today,
maintaining the status quo is not enough to prevent competitors
from achieving a competitive advantage over any company. A
successful company is recognized by its ability to coordinate,
integrate, and manage its resources appropriately. Businesses
today expand to international levels to maximize their sales
revenue. Toyota's growth over time has resulted in it developing
its business in other countries as well. Companies that operate
both locally and internationally counter diverse factors that may
affect their operation processes (Monden, 2019). These factors
mainly consist of external and internal. Internal factors are
those that can be controlled by the business; and the external
factors are those that the company has no control over. Multiple
successful international organizations decide on the strategies to
use once they encounter different environmental factors in their
business. Toyota is a Japanese motor manufacturing company in
which operations are both local and International. Some of the
factors that affect the decisions made by the Toyota company
are economic, legal, political, cultural, and technological
(Rothaermel, 2013).
These factors become challenging for the business and then
strategic decisions are required to make the transitions easier.
Toyota sells its products following the current internal market;
this is because of global market interdependence. Whenever
there is a high demand from the domestic market, Toyota
4. adjusts its market strategies to meet the needs of the
requirement or vice versa. Toyota has entered into various trade
agreements to be an agent in specific markets. It is
demographics, infrastructure, and culture diversity and other
social factors that affect the consumers' decisions and
perceptions. Toyota has mastered its consumers and knows they
have a variety of viewpoints. Therefore, they create a choice of
vehicle that suits every consumer. Toyota also participates in
corporate social responsibility by building colleges and schools.
They donate relief food to families that are affected by natural
disasters such as earthquakes or drought (Monden, 2019).
The Strengths and Weaknesses of Toyota
Toyota is one of the best automobile makers worldwide that
have been labeled as a highly reliable company that boasts a
vast employee base and has broken numerous world records on
car manufacturing. It is Toyota that has also invested in human
resources in which in return has gained significant results.
While Toyota emphasized quite a bit on innovation in its
operations it has created a lean supply chain management for its
manufacturing process (Dyer& Nobeoka, 2000).
Toyota has produced a wide variation of cars, from hybrid to
electric vehicles and family to compact oriented in which fulfill
the right availability and options for consumers. Since
innovation has become a new push in today’s automobile market
world, Toyota also utilizes advanced technology with
introduction of its hybrid vehicles into the market that creates a
new segment for demand of consumers with high manufacturing
capability; they produce up to 10 million cars each year. Some
of Toyota's weaknesses include negative publicity as it recalls a
large number of vehicles due to faults found in the cars. Just
like any other car manufacturing company, Toyota takes no
exception to mistakes but has also suffered from poor brand
recognition (Rothaermel, 2013).
The company has four different flagship product. That is,
Daihatsu, Lexus, Hino, and Toyota. And only two of the four
5. products Toyota and Lexus, are more recognized worldwide.
Additionally, Toyota overly depends on suppliers worldwide to
make its products; this sometimes slows down the
manufacturing process (Dyer& Nobeoka, 2000).
The Toyota SWOT analysis
The business strengths and weaknesses, opportunities, and
threats are areas that contribute to whether or not a product or
service is successful in the market. Toyota has multiple strong
points that have propelled the business to its current successful
position. Toyota has an innovative organization culture that
advances its functional strategies and technical operating
systems. From the onset, Toyota's management created a lean
supply chain management system that has been fruitful and has
been recognized and set by example from many companies
worldwide. Moreover, Toyota is a sharp brand image that
attracts more consumers to its products. Whenever people see
cars, they search for brand names such as Toyota; this
advantage has kept them ahead of many competitors as well as
the word spreading of reliability and pricing factors.
Toyota has a growing human power capital of over 369,124
skilled workers as of 2018. Another advantageous factor that
contributes to the strength of Toyota includes its advanced
technology in car production. Their hi-tech technology has
introduced the first hybrid cars in the market and with this
green technology it has attracted more customers. The
introduction of this technology indicates that Toyota aims to
have a sustainable competitive advantage. Lastly, Toyota has a
high production capability that keeps them on top of their
competitors and in result has lead them to producing large
numbers of up to 10 million vehicles every year.
Like any other company, Toyota has its weaknesses. Toyota has
not been grabbing all the market successfully. Toyota created a
green vehicle technology that has failed to grasp markets,
6. especially in India and China, which has the numbers to convert
the sales to profits. In past experiences some of its vehicles
have been recalled due to defects. Also, even though Toyota and
Lexus are well-known cars, Toyota has some cars from its
flagship lines that are unpopular such as the Hino and Daihatsu.
There are multiple opportunities for Toyota to achieve more
revenues, and these factors are vital for the brand's growth.
Since Toyota has gone into Green technology it has been a slow
process in gaining popularity around the world. If Toyota
focuses more on creation of innovative and sustainable brands,
they have a high chance of hitting a massive market sooner than
expected. In regards to the expansion of developing countries;
with people's perspectives changing, more people are inclined to
buying more cars, and demand will be higher. The world is
changing drastically, and so is the environment. The growing
concern for environmental degradation will propel many people
to buy environmentally-friendly vehicles. Therefore, this will
lead into opportunity for Toyota to maximize sales on their
hybrid cars.
At times Businesses encounter downturns or threats due to many
factors. Toyota faces potential threats, such as the number of
competitors in the market. The Toyota Company faces rivalry
from other gigantic names in the market place, such as Honda,
Ford, Mitsubishi, Hyundai, and Volkswagen to name a few. The
threat of lower profits is always looming on Toyota due to
different exchange rates worldwide. When the sales revenues
are sent back to Japan, the benefits become quite small in
comparison to other currencies in the world.
The Corporate Level Strategy
Toyota's corporate-level strategy aims to accommodate all its
business aspects. A corporate strategy also encompasses the
scope of the business, the marketplace, market position, and the
nature of its business. Planning is critical to implement any
strategies put in place to achieve business goals. Toyota's
7. business strategy and management are said to be one of the
world's best business strategies.
Following the long-lasting Toyota success, the management
culture quickly transitioned to world leadership. This success is
attributed to Toyota's strategically techniques that are the "just-
in-time production" and their “Jidoka” lean method widely-
adopted in manufacturing and product development in which
they also try to prevent defects. The other method ensures that
car parts are always available when needed. The managers at
Toyota use the “A3” tool. This method means that the managers
will always mentor the rest of the team. “A3” will always
establish the root cause analysis and support the interests of
departments and individuals. It is in this method that
encourages productive dialogue between workers and team
members assisting each other (James, 2019).
The Nature of the Company's Business Level Strategy
The Toyota Company has a variety of products. Some of its
flagship products are Hino, Daihatsu, and Lexus. Toyota's
management believes in making quality cars. They strive to
improve quality and employee empowerment. Toyota also
strongly believes in taking responsibility and developing self in
whatever situation. Toyota's competitiveness is self-critical and
internal. The company does continuous training on the staff to
improve the quality of products they produce. The Toyota
vehicles have been designed in such a way that they are long-
lasting and seem to meet the demands of many markets.
The Company Structures and Control Systems
The strategic manage structures put in place by Toyota are
effective. They have the production process that strives to meet
the demands just in time, and 'Jidoka' which acts as a check and
balance on the quality of cars produced. Jidoka ensures that
defects are prevented entirely. This A3 management style also
enables the workers to be on the lookout for each other and help
8. where necessary to improve the process. The structures and
systems put in place by Toyota have ensured continuous
improvement and quality production (Dillon, 2019).
Recommendations
The emerging markets are a real threat to Toyota. That being
said, Toyota must realign its structures with the ever-changing
world. Toyota has to be proactive and champion with the
introduction of green vehicle technology appropriately into the
market. This product has the potential to generate massive sales
revenue today due to the rising concern of environmental issues.
Toyota must also increase its production of sustainable brands,
as the marketplace demands are more aligned with
environmental friendlier cars (Debnath, 2015).
The Toyota business strategy has ensured that the company
remains a leader in the market. Toyota's lean manufacturing
process has proven to be a successful business model that has
been emulated by numerous businesses worldwide and continues
to push the market share upward or forward.
References
Debnath, S. C. (2015). Environmental regulations become
restriction or a cause for innovation–a case study of Toyota
Prius and Nissan Leaf. Procedia-Social and Behavioral
9. Sciences, 195, 324-333.
Dillon, A. P. (2019). A study of the Toyota production system:
From an Industrial Engineering Viewpoint. Routledge.
Dyer, J. H., & Nobeoka, K. (2000). Creating and managing a
high‐performance knowledge‐sharing network: The Toyota
case. Strategic management journal, 21(3), 345-367.
James, R. (2019). The Toyota Way or the unions’ way?
Examining the nexus between lean and unions in Toyota
Australia. The International Journal of Human Resource
Management, 1-39.
Monden, Y. (2019). Toyota management system: Linking the
seven key functional areas. Routledge.
Rothaermel, F. T. (2013). Strategic management: concepts. New
York, NY: McGraw-Hill Irwin.