Toyota's Strategy
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To what extent has Toyota's strategy (or combination of strategies) changed over the years or been constant?
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Solution Summary
Toyota continues to maintain market presence utilizing numerous strategies to include subtle changes over the years. In this essay we discuss those changes and many of the historical strategies that Toyota continues to use in their approach to a very competitive auto market on a global front. References are provided to aid in the understanding.
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Every organization, regardless of industry, continues to focus on market strategy while maintaining their principles that the organization was founded on. Toyota has done just that. In regards to the extent that Toyota's strategy has changed over the years they've been constant in their approach. The iconic automotive giant that was founded in 1938 by Kiichiro Toyoda has upheld the basic 'family business' concept and approach. The foundation of their manufacturing and development has revolved around the lean six sigma model in that leadership focus is to cut down on the slack time within ...
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