Creating Sustainable Competitive Advantage: The Toyota Philosophy and Its Effects

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Issue:

Business

 

Written by:

Alice G

 

Date added:

June 25, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1096

 

Was viewed:

8140 times

 

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Essay content:

The system depends in part on a human resources management policy that stimulates employee creativity and loyalty but also, on a highly efficient network of suppliers and components manufacturers. Much of Toyota's success in the world markets can be attributed directly to the synergistic performance of its policies in human resources management and supply-chain networks...
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The company developed a highly efficient production system, called lean production to utilize human resource more efficiently. Today, Toyota's philosophy of empowering its workers is the core of a human resources management system. It grows creativity and innovation by encouraging employee participation, and brings high levels of employee loyalty...
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