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Introduction My report will focus on Toyota, which is the world third largest automobile. Toyota was established in 1937. Toyota launched its first small cars in 1947. "In 1950 the company faced its one and only strike which supplied Toyota an important philosophy, giving it the labour and management system which helped the company to gain mutual growth and success in both domestic and overseas markets. Toyota's production system improved in the late 1950 and this system became the major factor in the reduction of inventories and defect in the plants of Toyota and its suppliers. The operation outside Japan started in 1959 in Brazil and continued with growing network of foreign plants. Toyota believes that its local production can provide customers with the productions they need, giving it the stable and long term growth. It also has a global network of design and research and development facilities, consisting of Japan,...

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