CHAPTER 10HIGH-VELOCITY CRISIS RECOVERY
Copyright © 2009 by Steven J. Spear. Click here for terms of use.
The Crisis That Wasn’t
On Tuesday, February 4, 1997, The Wall Street Journal reported the following:
TOKYO—Production at Toyota Motor Corp.’s plants in Japan, which build 16,200 vehicles a day, has virtually ground to a halt and could be suspended for up to a week or more after a fire at a brake maker’s plant cut off the supply of three brake and clutch parts.
The crisis was huge. The incinerated factory, which belonged to the Toyota supplier Aisin Seiki, made P-valves, which control fluid flow and pressure in hydraulic brake lines, as well as clutch parts for manual transmissions. Although only a $5 to $10 part, the P-valve was critical ...
Get Chasing the Rabbit: How Market Leaders Outdistance the Competition and How Great Companies Can Catch Up and Win, Foreword by Clay Christensen now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
