Assignment: Principles of Management Company: Toyota Motors Owner: Kiichiro Toyoda Mission Statement: The mission statement of Toyota Motors is • To maintain brand's reliability • To provide premium product to customers • To provide its customers a memorable experience with the product Vision Statement: Vision Statement of Toyota Motors is • To lead the way by creating new opportunities and investing in future • To move people safely and responsibly • To provide goods and services of top quality • To engage the talent and passion of people • To go beyond customer's expectations Strategic Goals: Toyota's Strategy Focuses on • Acheiving operational excellence • Continuous improvement • Bringing innovation in manufacturing industry Tactical Goals: • Tectical plan of Toyota Motors is to offer top quality product at best prices to acheive competitive advantage and long term success. Operational Goals: • Operational goals of Toyota Motors is to minimize the excess inventory by producing only what is needed and when its needed. • To improve production efficiency. • To achieve environmental sustainability by reducing energy consumption,minimizing the waste and using the material that is co-friendly. Core Values: Core values of Toyota Motors are stated as • Professional Excellence • Customer Oriented • Teamwork • Welcoming new challenges • Global Perspective Mission And Vision Statement Analysis Mind Map: • Toyota focuses on automotive products and consumers in its mission statement. • Toyota's vision statement is about what the company intends to become in the long run. • Toyota's corporate vision also includes information about the company's business values, the type of organization it wishes to be, and its contribution to the global society.