Toyota's Social Responsibility

Paper Summary:

The paper discusses how Toyota actively seeks to integrate social initiatives into its core business plan and operational culture. The paper examines both the theories of Edward Freeman and Milton Friedman on Toyota's social initiattives and highlights the similarities between them. The paper also shows how, through the assumption of environmentally relevant and appropriate social responsibility in organizational culture, Toyota is growing fast and reaping the profits.

From the Paper:

"Toyota is possibly the most successful vehicle on the market today. High sales numbers, high efficiency, and a new initiative of environmental friendliness have virtually catapulted the long time economy car to the top of the automobile market. The x factor in this growth is how Toyota has taken on environmental initiatives as the fundamental aspect of its successful expansion and sales strategy. The initiative has resonated with the public commensurate with the enhancement of environmental friendliness of Toyota automobiles."

Sample of Sources Used:

• "About Toyota: Environment." 2007 http://www.toyota.com/about/environment/
• "About Toyota: Operations." 2007 http://www.toyota.com/about/operations/index.html
• "About Us." 2007: http://www.toyota.com/about/environment/partnerships/index.html).
• Freeman, Edward and Phillips, Robert. Stakeholder Theory and Organizational Ethics. Berrett-Koehler Publishers; 1 edition (July 2003)
• Friedman, Milton. "The Social Responsibility of Business is to Increase its Profits." The New York Times Magazine, September 13, 1970. Copyright @ 1970 by The New York Times Company: http://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html

More papers on Toyota's Social Responsibility:

• Research Proposal # 105837 : "Globalization and Corporate Social Responsibility"
• Term Paper # 93112 : "Corporate Social Responsibility"
• Analytical Essay # 143882 : "Corporate Social Responsibility"

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