The Toyota Way
Set of managerial and production principles / From Wikipedia, the free encyclopedia
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The Toyota Way is a set of principles defining the organizational culture of Toyota Motor Corporation.[1][2] The company formalized the Toyota Way in 2001, after decades of academic research into the Toyota Production System and its implications for lean manufacturing as a methodology that other organizations could adopt.[3] The two pillars of the Toyota Way are respect for people and continuous improvement.[4] Jeffrey K. Liker popularized the philosophy in his 2004 book, The Toyota Way: 14 Management Principles from the World's Greatest Manufacturer.[5] Subsequent research has explored the extent to which the Toyota Way can be applied in other contexts.[6]