The Toyota story begins in the late 19th century, when Sakichi Toyoda invented Japan's first power loom, which was to revolutionize the country's textile industry. In January 1918, Sakichi founded the Toyoda Spinning and Weaving Company, and with the help of his son, Kiichiro Toyoda, he fulfilled his lifelong dream of building an automatic loom in 1924. Two years later, he established Toyoda Automatic Loom Works.
Like his father, Kiichiro was an innovator, and during his visits to Europe and the U.S. in the 1920s he became deeply interested in the nascent automotive industry. Making the most of the £100,000 that Sakichi Toyoda received for selling the patent rights of his automatic loom, Kiichiro laid the foundations of Toyota Motor Corporation (TMC), which was established in 1937. From looms to cars, the Toyota experience has been a constant story of extending the frontiers of manufacturing.
Toyota has established a common set of values, beliefs and business methods acting as the lifeblood of the company. Collectively they are known as "The Toyota Way"
"The Toyota Way" was explained in 2001, in order to share the methods of Toyota to achieve its business goals, with all Toyota members all over the World and to establish the common culture.
TMMT has been following the Toyota Way since the beginning. Today, TMMT is one of the production bases of Toyota Europe and produces the high quality vehicles with competitive cost under Toyota Way guidance.
There are two main pillars of Toyota Way,
2-Respect for people
1 - Continuous Improvement:
We are never satisfied with where we are and always improve our business by putting forth our best ideas and effort.
We form a long term vision, meeting challenges with courage and creativity to realize our dreams.
We improve our business operations continuously, always driving for innovation and evolution.
1.3 Genchi Genbutsu:
We go to the source to find the facts to make correct decisions, build consensus and achieve goals.
2 - Respect for people:
Toyota respects community, its members and its stakeholders.
We respect others, make every effort to understand each other, take responsibility and do our best to build mutual trust
We stimulate personal and professional growth, share the opportunities of development and maximize individual and team performance.