SUMMARY - The Toyota Way: 14 Management Principles From The World’s Greatest Manufacturer By Jeffrey Liker
Written by Shortcut Edition
Narrated by Digital Voice Mike G
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About this audiobook
This audiobook is narrated by a digital voice.
By reading this summary, you will discover how Toyota became a world leader in the automotive industry and the lessons your own company can learn from it.
You will also discover that :
- Toyota's success is based, first and foremost, on a long-term philosophy and vision;
- To succeed, Toyota relies on its human capital;
- By avoiding inventory, Toyota significantly increases its productivity;
- It is the problems and anomalies that allow Toyota to constantly progress;
- The Toyota model can be adapted to any company, whether industrial or service.
Toyota, the most profitable manufacturer in the automotive industry defies the laws of the industry. The company offers reliable and affordable cars without sacrificing quality, wages or even environmental standards. This is true no matter where it sets up its plants, including in France or the United States, where labor costs are not particularly cheap. The secret lies in Toyota's philosophy, which in practice translates into a Lean production system, the Toyota Production System (TPS).
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