Transcription of PRINCIPLES OF MANAGEMENT CHAPTER
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2 PRINCIPLES OF MANAGEMENTCHAPTERLEARNING OBJECTIVEST oyota follows certain well-defined business PRINCIPLES guiding its functioning. These are:1. Honour the language and spirit of law of every nation and undertake open and fair corporate activities to be a good corporate citizen around the Respect the culture and customs of every nation and contribute to economic and social development through corporate activities in local To provide clean and safe products and to enhance the quality of life Create and develop advanced technologies and provide outstanding products and services that fulfil the
It emphasises research on operations and use of quantitative techniques to aid managers to take decisions. MODERN MANAGEMENT It sees modern organisations as complex systems and underlies contingency approach and use of modern techniques to solve organisational and human problems.
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