Toyota Motor 14 Management Principles
1) Base your management decisions on a long-term philosophy even at the expense of short-term financial goals
2) Create continuous process flow to bring problems to the surface
3) Use pull systems to avoid overproduction
4) Level out the workload (work like the tortoise and not the hare)
5) Build a culture of stopping to fix problems, to get quality right the first time
6) Standardized tasks are the foundation for continuous improvement
7) Use visual control so no problems are hidden
Use only reliable, thoroughly tested technology that serves your people and processes
9) Grow leaders who thoroughly understand the work, live the philosophy, and teach it to others
10) Develop exceptional people and teams who follow your company’s philosophy
11) Respect your extended network of partners and suppliers by challenging them and helping them improve
12) Go and see for yourself to thoroughly understand the situation
13) Make decisions slowly, by consensus, thoroughly considering all options [and then] implement decisions rapidly
14) Become a learning organization through relentless reflection and continuous improvement.
No wonder they became the world’s greatest manufacturer. Read the latest issue of Fortune magazine to find out more.
I read the synopsis of this book last year and unfortunately, i still can’t afford to buy it. Cost RM 99.80 at Kinokuniya, KLCC. Go to Times Bookstore KLCC to get a better deal.
That’s funny because I can probably afford to buy the book but not the car.
Haha,
I decided to buy the car because i believe that their product are affordable. But, in our beloved country, not that cheap i supposed.
With the new increment of petrol price, my decision on buying this car is worthwhile. The installment is quite a burden, though.