toyotaism
nounUK /tɔɪˈəʊtəɪzəm/
US /tɔɪˈoʊtəɪzəm/
A way of working where everyone tries to make things better all the time.
The factory uses toyotaism to keep improving how it builds cars.
OTHER MEANINGS
2. A management philosophy that values respect for people and constant problem-solving.
Toyotaism teaches workers to stop the line when something goes wrong.
3. The cultural influence of Toyota's business methods on other companies.
Many hospitals have adopted toyotaism to reduce waiting times.
4. A style of production that avoids waste and keeps only what is needed.
Toyotaism helped the team cut inventory and save money.