Toyota Motor Corporation was founded by Japanese born Kiichiro Toyoda in 1935. The guidelines which form the backbone of conduct in the provision of Toyota’s service are centered on respect for culture, dedicated service, adding value for all.

As stipulated in the company’s precepts at inception, Toyota Motor Corporation is concerned with adding value to the “welfare and development” of the countries within which it operates. It is also committed to creating an impact on employment and the economy. This is made achievable from profits made by the Company and the payment of tax revenue. In so doing, each society will not only benefit from the manufacturing of a product but will also reap financial rewards from its production and sale.

Toyota Motor Corporation is not only concerned with the manufacturing of motor vehicles but has also expanded its influence and operations to include areas such as housing, financial services, communications, marine vehicles, biotechnology etc. The Company is concerned with extending its reach into as many areas of human life as possible so that it can provide a holistic approach to its service. Its Corporate Governance strategies involve effective and quick decision making, building quality in at each step and responding to the needs of its stakeholders.

The Toyota Motor Corporation of the future will build its vision on three main principles technology, manufacturing and social contribution. The company will have to look at manufacturing automobiles that “zeronize” the negative and harmful effects on the environment and on society. This will further cement their contribution to the social need for safe and eco-friendly vehicles. To meet these two objectives, the Company must also review its manufacturing operations to ensure they are environmentally friendly and that the processes involved utilize effectively all resources and inputs and result in high quality automobiles.