Toyota's Cash Flow Strategy: How Did Toyota Become the World's Most Profitable Automaker

Author: Hiroaki Maruyama
Publisher:
Publish Date: 2005-02-01
Features: Can any company achieve debt-free operations? Especially large enterprises, world-renowned ones? Almost none. But Toyota did. If Toyota is a world-class enterprise, probably no one would object. In reality, a first-class enterprise undoubtedly has first-class processes at every internal stage. This book focuses on the financial, accounting, and cash flow management strategies, which are rarely mentioned, attempting to reveal the reasons behind Toyota's success from a unique perspective. The Toyota Motor Corporation was founded in 1937, faced an operational crisis by 1949, established debt-free operations by 1978, and broke the operating profit record of 1 trillion yen in 2002. Summarizing the secrets of Toyota's success might boil down to just one sentence: Maintain a grand vision and align it with precise budgeting.