Toyota follows certain well-defined business principles guiding its functioning.
Channel: Doubtnut
Date: 2020-05-09

Toyota follows certain well-defined business principles guiding its functioning. These are:   1. Honour the language and spirit of law of every nation and undertake open and fair corporate activities to be a good corporate citizen around the world.   2. Respect the culture and customs of every nation and contribute to economic and social development through corporate activities in local  communities   3. To provide clean and safe products and to enhance the quality of life everywhere.   4. Create and develop advanced technologies and provide outstanding products and services that fulfil the needs of customers worldwide.   5. Foster a corporate culture that enhances individual creativity and teamwork value, while honouring mutual trust and respect between management and labour.   6. Pursue growth and harmony with global community through innovative management.   7. Work with business partners in research and creativity to achieve stable, long-term growth and mutual benefits and be open to new partnerships. These principles, will guide the company in its global vision 2010. This global vision envisages continuous innovations in future, use of environment friendly technologies, respecting and working with different sections of society and establishing an interactive relationship with society.  Indentify any three features of management principle that has helped Toyota Motor Corporation to achieve their objectives