Global standards benefit Toyota organization's shareholders
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What is the benefit of global standards for Toyota's shareholders? Demonstrate the importance of global quality standards to external shareholders.
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The solution discusses what is the benefit of global standards for Toyota's shareholders.
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Shareholders are the investors in the company. They are interested in earning good returns on their investment. Global standards help in reducing the wastage and costs. This leads to improving profits. Let us discuss the example of Toyota:
Toyota is a multinational corporation headquartered in Japan. At its peak, Toyota employed approximately 320,000 people worldwide. It is the world's largest automaker by sales. Toyota Motor Corporation adopted the "Toyota Way 2001," an expression of values and conduct guidelines that all Toyota employees should embrace. ...
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