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INTRODUCTION
We chose to present this text, since Toyota Motors is a company we know and it is present all over the world with such a strong brand that we decided to know more about it. Toyota is a brand which enjoys from a remarkable reputation and is used as a case study in many subjects, from marketing to operations management. It is known to be very innovative, to be ahead of its competitors most of the times, as well as, to have the most efficient production systems, which are a benchmark to the most automobiles manufacturers.
Another factor that attracted us to this text was that we had not heard of Toyoda Automatic Looms before, and he believed that "Toyoda" was just a typing mistake, as well as the fact that the oriental culture is a subject of great interest to the three of us.
TEXT ANALYSIS
Main Objective of the Text
The main objective of the text in analysis is to recognize the importance of the Toyoda family in shaping the development of the Japanese economy, both in the textile and automobile businesses. We can not give all the credits to Toyoda Automatic Looms and to Toyota Automobiles, because there were other important companies which contributed to Japan's success. However, the members of the Toyoda family, along with all the other employees of their companies, were major players in first and second Japanese economic miracles, while most of the other companies either contributed to first or to the second economic miracles.
Brief Summary of the Text
Sakichi Toyoda spent most of his career trying to create a loom that could compete with Western models. His deal with the Platt Brothers in 1929 for the rights to manufacture and sell the Toyoda G-Type auto ...