Toyota Motor Corporation is a leading Japanese car manufacturer and the global leader in the field of technological innovation; it's the company that managed to build its own "TPS" philosophy (Toyota Production System), which is described in books and taught to students in universities. "TPS" is a motivation system for Toyota's employees with an emphasis on ongoing improvement of both one's own personality and performed activities. More than 8 million Toyota-branded cars are produced annually; just think about it, every few seconds a new car leaves the assembly line. The company employs more than 320,000 specialists. Over the past few years, the Japanese auto giant has patented more than 7,000 new technologies, a good half of which include innovative solutions in the field of engine manufacturing. The company management is also considered to be innovative due to the application of that very "TPS" philosophy. In fact, this is an ideological foundation based on Tao designed to make team management process as productive as possible. Toyota's Tao is based on several principles: a long-term outlook, investment in the development of the company's employees, and production quality at every level. The technological process is viewed as a continuous flow aimed at constant improvement. In the 2017/18 fiscal year ending March 31, the operating income of Toyota increased by 17% to 2.40 trillion yen ($22.59 billion). The net profit growth amounted to 27% to a record 2.49 trillion yen ($23.44 billion).
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