Mission and Vision Statements of Toyota
Mission and Vision Statements of Toyota
Mission and Vision Statements of Toyota
Shahzad Hussain
Submitted To:
Dr. Suleman Aziz Lodhi
Subject:
Strategic Management
Topic:
Vision Statement:
“To be the most respected and successful enterprise, delight customers with a wide
range of products and solutions in the automobile industry with the best people and
the best technology.”
In the vision statement, Toyota includes major areas of its business. The vision
statement states that the company aims to achieve leadership in the global market.
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The vision statement also shows that Toyota moves forward based on quality,
innovation and environmental conservation. Thus, Toyota includes corporate social
responsibility in its vision statement. In addition, the company emphasizes human
resource development, as shown in the “talent and passion of people” component
of the vision statement. Therefore, Toyota’s vision statement is holistic because it
encompasses strategic goals for business leadership, product quality, human
resources, and corporate social responsibility. These points of the vision statement
have direct correlation with the points in Toyota’s mission statement.
Toyota’s mission statement focuses on products. The firm always considers the
preferences and expectations of consumers, arguably based on trends and market
research. In the strategic actions encompassed in its mission statement, Toyota
emphasizes quality of products, with reference to such criteria as safety and
customer satisfaction. In addition, Toyota’s mission statement specifies employee
education as a way of achieving the human resource development aim in its vision
statement. Also, this mission statement shows that Toyota maintains its
commitment to technological innovation. Innovation is seen as a way for the
company to achieve its aims in product quality, customer satisfaction, and
corporate social responsibility. Thus, Toyota’s mission statement is holistic and
aligned to its vision statement.
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