Summary Toyota Company is one of the leading automobile manufacturers in the world today. But if you look at the history of the Toyota company, it was on the verge of bankruptcy at the end of 1949. However, Toyota managed to earn the name of the number one automobile manufacturer in the world and retained this name even though Toyota has faced enormous obstacles over the past 6 years.IntroductionA major factor in the success of The Toyota Company is due to effective quality management in the form of corporate practices that have been replicated around the world by large organizations to date. Toyota is committed to a rigorous management system based on the founding principles of operations management and excellence, such as the Toyota Production System (TPS). By leading such programs, Toyota has experienced substantial growth and global success. In this assignment, I will discuss the importance of Toyota's operations management programs and measure the relative success of overall strategic management objectives. Operations and Productivity Operations management can be simply defined as the function of effectively and efficiently managing the production process and business operations both internally and externally. A simple definition, however, does not do justice to the broad scope of operations management and the critical role it plays in an organization's success and competitiveness in today's marketplace. Companies that employ effective operations management programs have strategic planning, tactical input, and operational success. Companies that do not utilize this operational function face challenges related to myopia of market trends and lack of competitive advantage that can ultimately...... middle of paper ..... .conclusionAfter World War II, Toyota was faced with the reality that change was necessary if it wanted to succeed and become a leader. car manufacturer capable of competing with global giants such as Ford. Without the operations management processes implemented and refined over the years, Toyota would never have taken off. It is evident that the constant strategic goal of operating more efficiently has been the crucial factor in Toyota's success, coupled with the decentralized management philosophy, allowing the company to think freely and improve from one point of view. operational view. Today, Toyota stands as an educational example of strategic excellence and a success story that individuals and businesses can admire around the world...