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The Toyota Way, Second Edition: 14 Management Principles from the World's Greatest Manufacturer, 2nd Edition
book

The Toyota Way, Second Edition: 14 Management Principles from the World's Greatest Manufacturer, 2nd Edition

by Jeffrey K. Liker
October 2020
Intermediate to advanced
352 pages
13h 7m
English
McGraw-Hill
Audiobook available
Content preview from The Toyota Way, Second Edition: 14 Management Principles from the World's Greatest Manufacturer, 2nd Edition

Principle 1

Base Your Management Decisions on Long-Term Systems Thinking, Even at the Expense of Short-Term Financial Goals

The most important factors for success are patience, a focus on long-term rather than short-term results, reinvestment in people, product, and plant, and an unforgiving commitment to quality.

—Robert B. McCurry, former Executive VP, Toyota Motor Sales

Over the last century, the world has moved in the direction of capitalism as the dominant socioeconomic system. The prevailing belief is that as individuals and companies pursue their self-interests, the invisible hand of supply and demand will lead to innovation, economic growth, and the overall economic well-being of humanity. The evidence is clear that money motivates business ...

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Publisher Resources

ISBN: 9781260468526