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Unformatted text preview: Toyota Motor Corporation In 1949, Toyota faced desperate times, and nearly went bankrupt. “Toyota, along with other Japanese automakers, finds itself unable to raise the funds necessary to support recovery efforts, due to government policy that discontinues all financing from city banks and the Reconstruction Finance Corp.”(Toyota Motor Corp. Notable Corporate Chronologies). Since then, Toyota has bounced back to say the least! Toyota is now challenging GM for the top spot in world auto sales. How did Toyota go from a near bankrupt company to the auto giant they are today? How were they able to maintain such rapid growth? One big reason is Toyota’s leadership strategy, and their continued focus on change. Transformational Leadership is defined as, “A leadership perspective that explains how leaders change teams or organizations by creating, communicating, and modeling a vision for the...
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This note was uploaded on 06/27/2008 for the course HR 501 taught by Professor Bob during the Spring '08 term at Adams State University.
- Spring '08