Running head: TOYOTA PRODUCTIVITY MANAGEMENT PRACTICESToyota Productivity Management PracticesStudent NameInstitution Name1TOYOTA PRODUCTIVITY MANAGEMENT PRACTICES2Toyota Productivity Management PracticesThe survival of companies in the globalized business environment where a simplemistake can cause huge losses has forced companies to re-evaluate their productivitymanagement practices. Productivity is an output and input ratio, representing the relationbetween production and what the company has spent to achieve it (Quinn, 2018). Productivitymanagement focuses on determining the efficiency of a process and the effectiveness of resourceusage. Therefore, managers are responsible for organizational productivity improvement wherethey apply practices such as increasing output without altering input, decreasing input withoutchanging production, and increasing production while reducing input in a bid to retain acompetitive advantage.Despite being an advanced and global automotive market leader, Toyota got significantlyscarred during World War II, and it had to develop alternative growth strategies amidst the postwar chaos. The search for competitiveness forced Toyota to review old industry paradigms anddevelop the Toyota Production System (TPS), based on the implementation of Lean strategies,that guarantees improved product quality, production cost reduction and flexibility to meetmarket demands (ReVelle, 2016). The model has helped Toyota achieve improved ...
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