How Toyota stays ahead of the pack
Purpose – Reviews the latest management developments across the globe and pinpoints practical implications from cutting‐edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – Greek mythology has it that everything King Midas touched turned to gold. But had he been around today, the legendary king would surely have met his match in the shape of Toyota, an organization whose remarkable success shows little sign of abating. In North America, for instance, recent years has seen the Japanese automaker open new plants, improve market share, increase profits and enjoy harmonious relations with employees and suppliers alike. Coming as it has against a background of economic uncertainty, it's little wonder that rivals cast envious glances in Toyota's direction. So, what is the company's secret? Much of the credit for success is undoubtedly due to the renowned Toyota Production System (TPS), a philosophy that has spawned an organization whose whole is considerably greater than the sum of its parts. Practical implications – Provides strategic insights and practical thinking that have influenced some of the world's leading organizations. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy‐to‐digest format.
Year of publication: |
2006
|
---|---|
Published in: |
Strategic Direction. - Emerald Group Publishing Limited, ISSN 1758-8588, ZDB-ID 2089990-7. - Vol. 22.2006, 10, p. 32-35
|
Publisher: |
Emerald Group Publishing Limited |
Subject: | Manufacturing systems | Automotive industry | Innovation |
Saved in:
Online Resource
Saved in favorites
Similar items by subject
-
Govindarajan, V., (2012)
-
Vasanthakumar, C., (2016)
-
Production system design to achieve energy savings in an automotive paint shop
Arenas Guerrero, Claudia, (2011)
- More ...