By: Saurabh Ahuja PGDM-C Roll: 130/2013

Flow of Presentation
Employee Empowerment
The Toyota way : 14 principles Toyotas corporate culture Toyota production system

Employee empowerment
Toyota encourages suggestions and feedback from its employees
More than 700,000 improvement suggestions were submitted by Toyota's employees. That is an average of over 10 improvement suggestions per employee per year. Over 99% of suggestions were implemented.

The Toyota Way: 14 Principles

TPS: Systematic & Highly Developed E.g. of Principles Long term Philosophy & Continuous Process Use pull systems to level out overproduction & balanced Workload Standardized Tasks & Processes with Good Technology Grow exceptional Leaders Intellectual Human resources Respect your Stakeholders

The Toyota Way: 14 Principles

Make decisions Thoroughly & after considering all the options
Keep on learning all the time for Improvement

Source: Wikipedia

Corporate culture
The fundamental reason for Toyota's success in the global marketplace lies in its corporate philosophy the set of rules and attitudes that govern the use of its resources. The company's approach to both product development and distribution is very consumerfriendly and market-driven.

Toyota's philosophy of empowering its workers is the centerpiece of a human resources management system that fosters creativity, continuous improvement, and innovation by encouraging employee participation and that likewise engenders high levels of employee loyalty. Knowing that a workplace with high morale and job satisfaction is more likely to produce reliable, high-quality products at affordable prices, Toyota have institutionalized many successful workforce practices. Toyota has done so not only in its own plants but also in supplier plants that was experiencing problems.

Toyota production system

A production system which is steeped in the philosophy of "the complete elimination of all waste" imbuing all aspects of production in pursuit of the most efficient methods. The Toyota Production System (TPS) was established based on two concepts: The first is called "jidoka" (which can be loosely translated as "automation with a human touch") which means that when a problem occurs, the equipment stops immediately, preventing defective products from being produced. The second is the concept of "Just-inTime," in which each process produces only what is needed by the next process in a continuous flow.