THE JAPANESE MANAGEMENT, A KEY ELEMENT OF TOYOTA’S SUCCESS

After its defeat in the World War II, Japan was a country in ruin. The Japanese economy faced huge problems as unemployment and hyperinflation increased. The vast majority of its industry was destroyed and new industrial facilities had to be re-constructed from the ashes. In the 1970s Japan achieved a giant economic stature, evolving into the second largest economy of the world. There are many ways of analyzing the Japanese economic miracle, but in the final, management has to being considered as one of its most important factors. The aims of our paper are to emphasize some of the main features of the Japanese management in the globalization era, and to present the case of Toyota Motor Company. The research type is a literature review combined with a case study.