Once this structure is combined with the âset of organised, well integrated, and continuous activities involving both managers and workersâ that defines Toyotaâs âTotal Quality Management System,â the result is consistent recognition of vehicles with the highest initial quality by various rating associations...
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This commitment is partially attributable to the Japanese business practice of clients and suppliers purchasing equity positions within their respective companies, however this practice is neither the sole, nor the primary cause of this approach. More accurately, this approach is attributable to the companyâs commitment to the principles of stakeholder management; the company considers the suppliers to be morally entitled to ethical treatment considering their roles as stakeholders within the corporation...