|
Toyota thrives on
cross-functional management,
teamwork and collaboration.
The company's approach to both product development
and distribution is very consumer-friendly and market-driven.
Toyota's philosophy
of
empowering its workers
is the centrepiece 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 were experiencing problems.
Although many car
manufacturers have earned a reputation for building high-quality
cars, they have been unable to overcome Toyota's advantages in human
resource management, supplier networks and distribution systems in
the highly competitive car market.
Much of Toyota's success in the
world markets is attributed directly to the
synergistic
performance of its policies in human resources management and
supply-chain networks.
|