Is Toyota a Good Company?
Since Toyota is such a large car manufacturer located all the way in Japan, it’s sometimes hard to know whether or not Toyota is a good company. However, Fortune recently named Toyota to its list of the “World’s Most Admired Companies.” So what makes Toyota such a good company?
Of the entire “World’s Most Admired Companies” list that Fortune creates, they highlight the top 50 which they consider the “All-Star” companies. This award marked the third consecutive year that Toyota made the list, and they ranked at No. 34 this year.
The Korn Ferry Hay Group surveyed 3,800 executives, directors and securities analysts and asked them to select the 10 companies they admired most. The people surveyed chose from a list made up of the companies that ranked in the top 25 percent in the previous year’s survey, as well as companies that finished in the top 20 percent of their respective industries. However, any voter could choose any company in any industry.
Fortune then ranks each company through nine categories to find their ranks within their industries. These categories include: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value, quality of products/services and global competitiveness. Toyota ranked No. 1 in all categories except for people management and quality of products/services, which they ranked No. 2 in both.
If you want to learn more about what makes Toyota a good company, contact us at Miller’s CrossPointe Motor Cars. For those interested in learning more about buying a used vehicle, here are five advantages to buying pre-owned.