Toyota Production System

Long Term Philosophy

Rajat Agrawal (rajatfdm@iitr.ac.in)

DEPARTMENT OF MANAGEMENT STUDIES

1
• We live in a world of instant gratification.
• The main focus goes to solving problems in
the now and “putting out fires”.

2
• Have a philosophical sense of purpose that supersedes
any short-term decision making.
• Work, grow, and align the whole organization toward a
common purpose that is bigger than making money.
• Understand your place in the history of the company
and work to bring the company to the next level.
• Your philosophical mission is the foundation for all the
other principles.

3
• According to Liker “ almost all the employees
of Toyota has a sense of purpose greater than
earning a paycheck.

4
• Generate value for the customer, society, and
the economy—it is your starting point.
• Evaluate every function in the company in
terms of its ability to achieve this.

5
• Be responsible.
• Strive to decide your own fate.
• Act with self-reliance and trust in your own
abilities.
• Accept responsibility for your conduct and
maintain and improve the skills that enable you
to produce added value.
6
Toyota Motor Manufacturing
North America
Mission
As an American company, contribute to
the economic growth of the community
and the United States.
As an independent company, contribute
to the stability and well being of team
members.
As a Toyota group company, contribute to
the overall growth of Toyota by adding
value to our customers
Ford Motor Company
Mission
Ford is a worldwide leader in automotive
and automotive related products and
services as well as in newer industries
such as aerospace, communications, and
financial services.
Our mission is to improve continually our
products and services to meet our
customer’s needs, allowing us to prosper
as a business and to provide a reasonable
return to our stockholders, the owners of
our business.
7
Thank You