Innovation and Continuity at Toyota Essay Example
Innovation and Continuity at Toyota Essay Example

Innovation and Continuity at Toyota Essay Example

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  • Pages: 2 (290 words)
  • Published: October 7, 2016
  • Type: Tests
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Answer 1

Despite having products like the Prius, I would not categorize Toyota as an "innovation organization". Nevertheless, it is undeniable that Toyota displays innovation in its services, marketing, and other business procedures; albeit in a gradual manner. When evaluating a company's innovation, I believe it should be apparent in their products. Consequently, aside from the Prius, we would not view Toyota as notably innovative. In conclusion, personally speaking, I consider Toyota to be an "innovation organization".

According to the text, the second answer is provided.

Toyota's success can be credited to its leadership, which may be internally cultivated. The case shows that all top-level executives are Japanese males. Toyota's focus on traditions and history implies that the skill to become a successful leader and establish outstanding corporations like Toyota is inherent in this group.

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Thus, this prosperous cultural gene can be inherited from one generation to another.

In my opinion, Toyota's loss in 2009 was an unavoidable occurrence.

Toyota has a unique approach that involves adopting a gradual and continuous process. While this may not bring immediate success, it ultimately leads to achievements. Unlike other car manufacturers, Toyota is likely to handle losses better due to their culture and business practices. Their way of doing things enhances their ability to implement innovations and achieve organizational success. Therefore, when faced with challenges, they can effectively address the issues and overcome any disadvantages they might have.

Answer 4

The new president of Toyota stated that consumers' focus has shifted from comparing Toyota's success and advantages with other companies to seeking significant benefits for themselves. Presently, consumers prioritiz

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their own interests over past considerations. Consequently, Toyota needs to identify more innovative, effective, and efficient aspects to improve as a corporation.

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