Growing significance of the information processing capabilities liberated by digitalization has transformed the lives of people by making them aware about the knowledge creation. Knowledge creation in present times has become an indispensable norm to survive in this globalized economy. The Proposed paper is an attempt to critically examine the diminishing relevance of Fordism and increasing relevance of Toyotism. The two models of production have briefly examined the growing significance of Toyotism within the framework of network production of Manuell castells that has been highlighted in the paper. Finally it has been concluded that Toyotism, within the framework of Network production is emerging as a dominant trend in Information society.  The study is based on secondary data that has been collected from scholarly books, articles and journals

KEYWORDS: Fordism, Post- Fordism, Toyotism, Network Production.