Top 10 Toyota Misconceptions

In: Business and Management

Submitted By ilu1508
Words 2644
Pages 11
I thought this was a good article to share as it clears some misconceptions of Toyota and their management philosophies and technology. This article was written by Stewart Anderson who is president of a Toronto-based consulting and advisory firm in the areas of continuous improvement and business strategy.

The tools and techniques of what is commonly called "lean manufacturing" have their origin in the Toyota Production System (TPS). While the lean movement deserves much credit for popularizing these tools and techniques, a number of misconceptions appear to have developed about how Toyota itself actually practices continuous improvement. This article looks at some of these misconceptions. Readers should note that this article is not meant to be a definitive study of Toyota, nor is it meant to supplant the excellently detailed analyses of Toyota published by Jeffrey K. Liker (The Toyota Way, McGraw-Hill, 2003), Steven J. Spear (Chasing the Rabbit, McGraw-Hill, 2008), and others. Rather, it offers the author’s own personal perspective and insights on Toyota, drawing from observation and study of Toyota production and distribution operations, supplemented by interviews with Toyota employees, managers, and suppliers held over the years. Some of the thoughts expressed below also find deeper expression and treatment in Mike Rother' excellent new book, Toyota Kata (McGraw-Hill, 2009), and readers are referred to that book for a full exposition of Toyota's thinking and behaviors.

First, let it be said at the outset that the word “lean” is not one that is often seen or heard at Toyota. Rather than applying lean tools and techniques, Toyota focuses instead on establishing and propagating a basic pattern of thinking and behavior which makes the tools of TPS effective. Toyota’s basic pattern for improving a process is based on a simple…...

Similar Documents

Top 10 of Malaysia Company

...Top 10 of Malaysia takes a brief look at some top Malaysian companies on the back of trials and tribulations experienced on a global scale last year. In 2011 many countries have been hit by challenges brought about by natural disasters, financial crises and political upheavals. Malaysia, as an emerging market, is expected to be still attractive to many investors, be they local or foreign. The start of 2012 has brought with it a myriad of new aspirations and resolve for companies in Malaysia. Maybank remained the company with the highest market valuation on Bursa, standing at RM62 billion while CIMB, at the number 2 spot in December 2011 with a market valuation of RM55 billion then, went down to the 4th spot on the current list after shedding some RM4 billion in market value. It was upstaged by Sime Darby and Petronas whose market valuations stood at RM55 billion and RM53 billion respectively. Maxis and Genting too, stood above Axiata which retreated about RM2 billion in its market value. Petronas hopes to improve its bottom line where natural gas is concerned with the operation of its gas import terminal at Melaka which is scheduled to be in operation in August this year and the acceptance of its proposal for a gas pricing mechanism. JCY International, a hard disk drive manufacturer, is again the top company in the technology sector with a market capitalisation of RM2.7 billion. Its share price has doubled in just over two months in recent......

Words: 1080 - Pages: 5

Top 10 Reasons

...Top Ten NOVELL TOP TEN SOLUTIONS Top 10 Reasons to Upgrade to Novell ZENworks 11 SP2 ® ® Novell ZENworks 11 SP2 gives you new capabilities for managing your endpoints—with more flexibility, tighter security and greater ease. You can now manage Windows*, Linux* and Mac* endpoints through a web-based console and know your data is safe with full-disk encryption. ® ® Novell helps you: Manage more devices Balance security and employee productivity without compromising on either Access configuration and inventory, locationaware security and proactive patching through a single unified web console and adaptive agent Give users the ability to access what they need from wherever they are ZENworks 11 SP2 adds significant new capabilities to make your job easier, your users happier and your data more secure. In addition to Windows and Linux management, you can now manage Mac devices using the same web-based console and adaptive agent. Full disk encryption together with integrated endpoint security management makes securing data on your Windows endpoints automatic. And the web-based console makes management a snap from any device, including tablets. These and hundreds of other improvements make upgrading to ZENworks 11 SP2 the right decision. Top 10 Features that Make Managing Your Endpoints Easier, More Secure and More Flexible with Novell ZENworks 11 SP2: 01 02 03 Extend management to Mac OS X. With Novell ZENworks 11 SP2 you can now use ZENworks software......

Words: 884 - Pages: 4

Top 10 Import/Export Business

...Top 10 Import/Export Business Ideas That Work By Dave Bui Small businesses in the import/export arena first need to identify the products or services they want to carry. Here are the top 10 import/export ideas you can start on immediately: 1. Food products: The easiest option for export is food-related products. It is easy to find companies that manufacture food products locally for domestic consumption. Many of them never export. If the products are of good quality, you can link up with them and export a part of their produce. 2. Clothing: This is a year-round business, where demand never dries up. Specialized clothing, particularly for women, makes for a great import-export business. If you have access to unique dyeing techniques, printing styles and embroidery methods, you will have a very profitable import-export business. 3. Jewelry: As with clothing, there is always a market for jewelry around the globe. Customized jewelry, ethnic jewelry, handcrafted jewelry make for excellent import/export products. 4. Toys: This is yet another category where there is perennial demand. There is a cultural component associated with toys and, as with jewelry, people are often willing to experience for themselves the trends prevalent in other nations. The matryoshka (“nesting”) dolls of Russia, the cane and bamboo toys of India, the kendama (ring-and-pin toy) of Japan, the piaji (kids’ game) and the yo-yos of China are very popular and are also a sound business idea for......

Words: 511 - Pages: 3

Top 10 Risks in

...Top 10 risks in telecommunications 2012 About this report As the challenges and opportunities facing telecoms operators around the world continue to evolve, the sector’s risk universe is changing rapidly. And as companies formulate and execute their strategies to sustain and grow value in today’s fastmoving environment, they have to ensure that their understanding and management of risk keeps pace. Today, navigating through the sheer speed and scale of change presents challenges for all operators. We have produced Top 10 Risks in Telecommunications 2012 to help them map out the right path. This is the latest in our ongoing series of studies designed to pinpoint the most critical risk issues, analyze the sector’s evolving responses and highlight elements of emerging best practice. As in previous reports, we do not claim that the list of risks we present here is comprehensive. Also, by its nature, it can only provide a generalized snapshot of the risks that we — and the sector as a whole — see at this time. Given this, we would encourage you to read this report with an open mind and inquisitive attitude. Are these really the risks you face in your own business? If not, how and why are your organization’s risks different? And how do those particular risks impact you? The answers inevitably vary from company to company. But in every case, we believe that leaders should take the following steps: • ......

Words: 11200 - Pages: 45

Top 10 Trading Mistakes with Cfds

...Top  10  Trading   Mistakes  with  CFDs June 2013 Over leverage - the biggest killer of CFD trading accounts Averaging down - never fall in love with a stock If a share drops by 30% - you need it to rise by 43% just to break even Sponsored  by: TOP 10 TRADING MISTAKES | 24 MAY 2013 10 5 June 2013 #1 Too Little Preparation Many  people  start  trading  without   a  trading  plan,  thinking  they  can   beat  the  market.  You  need  to  set  out   your  rules  of  trading  and  guiding   principles.  At  least  covering  major   components  like  methods  of  trading,   method  of  identifying  positions   to  trade,  entry  and  exit  rules,  risk   management  and  trading  reviews. Treat  your  trading  like  a   business. Have  a  business  plan.  Set  goals   and  understand  what  you  want  to   achieve  and  answer  the  following   questions: 1)  Why  are  you  trading?  To  make   money? If  that  is  your  answer  think  again.   How  will  you  make  that  money?   Disclaimer Trading Mistakes with CFDs No responsibility for loss occasioned to any person or corporate body acting or refraining to act as a result of reading material in this publication can be accepted by the publisher, sponsor or author. The author may have a position in any or all of the speci c investments or investment categories mentioned in this publication. MarketViews™ is a dianomi service and some of the companies or investments mentioned may be clients of......

Words: 2562 - Pages: 11

Top 10 Greatest Inventions

...Top 10: Greatest Inventions Of All Time Inventions are pretty useful things, in fact, inventions are very useful things. People are inventing new things all the time - unfortunately, the vast majority of inventions tend to be utterly useless; but every now and then someone comes up with something that completely changes the world and it is these few ideas that this hub is about. Now, there are, undoubtedly many equally great inventions as those on this list, but unfortunately it's had to be cut down to just 10. Things such as language have been omitted from this list for, while they are, indeed, quite useful, they were more developed out of necessity than invented; the same applies to fire - it has always been present on this earth, all we did was work out how to create it on a whim! So what are they? Read on.... 10 - The Wheel: I know what you're thinking: "what, those round things?" well, the short answer is "yes", the long answer: "yes it is". Point is, the wheel is the simplest invention in the universe - you need only scoop up a handful of mud, pat it into a circle and leave it in the sun to dry! So what's so great about it? Well, almost every land vehicle in existence uses wheels as do many many other things like anything with a belt drive (car engines, conveyor belts etc.) In fact, life would be pretty hard without it - but not impossible. The Incas and Aztecs, for example, despite coming up with fully working calendars and a vast knowledge of astronomy, didn't use......

Words: 1371 - Pages: 6

Top 10 Tourist Spots

...Top 10 Tourist Spots in Davao City Going to Davao might be one of the things that you want to do before you die, however you should also know where particularly in Davao you should go to make the best of your trip. So, here are some of the top ten places in Davao known to offer tourists and even locals the best getaway experience. Nature, Wildlife and Culture Experience The Philippine Eagle Nature Center If you want to take a glimpse of the coveted and nearly extinct Philippine Eagle, then the Philippine Eagle Nature Center is where you should go. It is the home of 36 Philippine Eagles, ten other bird species, 4 mammal species, and 2 reptile species. The place is also ideal for educational trips especially about learning the ecosystem where these eagles could thrive. Crocodile Farm In the heart of the city lies a habitat filled with one of the wildest creatures known to men, the crocodiles. What started as mere fascination to crocodiles has blossomed and grew into a lucrative leather business and a wildlife preserve that is home to many species aside from saltwater and freshwater crocodiles. Take some time to visit this place and enjoy the wonders it offers. Eden Mountain Resort If you want to have a more relaxing mountain respite, conquering the Eden Mountain Resort is definitely a very good idea. Being in this glorious mountain haven is like experiencing nature, adventure, leisure, culture and eve romance at the same time. Visiting this place is a must......

Words: 843 - Pages: 4

Top 10 Disadvantages to Capitallism

...There has been much discussion of the current economic system in the western world, capitalism. This is mainly because of the growing anti-capitalist movement. However, as the owners of the free media are the wealthy, the anti-capitalist side of the debate has not been fairly covered. This list is not to suggest a viable alternative, although there are many. It is merely to cover the disadvantages of the current system, which have often been ignored by the media and governments. 10 Inequality The common capitalist mantra that “anyone can be rich if they work hard enough” is a fallacy. There’s only so much room at the top. In order to make money, first you have to take it from someone else. This can be done through selling things, taxation or any other means. But this means that the rich cannot exist without the poor. Any way you look at it, there’s never going to be equality under capitalism. 9 Waste In a society where resources are not evenly distributed, there is always going to be the wealthy who have an excess of resources. While occasionally these resources are given to the poor, often this excess is wasted. Millions of dollars worth of food is wasted by those who have more than they need, while there are many others who desperately need it. 8 Starvation Of course, if some have an excess of the resources in society, there are others who do not have enough. In Third World countries, many are starving because they cannot afford to feed themselves, while......

Words: 759 - Pages: 4

Top 10 Tips

...of being negative result are discussed, then answers will be got of some imperceptible information about Australia & Canada migration. At present, it takes 1 year to have PR Card (Permanent Residence Status) in Australia, and to have TR Card it takes maximum 10 months. On the other hand, to have PR under Business Investor Category in Canada is needed 4-6 months only, and in case of Skilled Migration Category, time takes about 06- months to 12 months considering the File Processing percentage. Recently, this term is affixed as per the declaration of Pilot Project by the Canadian government. 1 Now come to see, how can the negative results be affected? There is a ''Free Assessment'' page in the official website (Citizenship & Immigration Department) of Australian & Canadian government from where you can know total score providing all information of you. At present, pass mark score in Canada is 67, and in case of PR card in Australia is 65 & for TR, score 60 is required. If your score is above 66 for Canada, for PR of Australia 64, and for TR is 59, then you can think of submitting application. Besides, for Australia score of IELTS is affixed. Such as, 20 mark if have 8 in each band, for 7 of each band you will have 10 marks. In Canada, minimum standard score 6 in each band is required for apply right now where you will achieve 16 points , for in each band 6.5 you will get 20, and for 7 to 7.5 points in 4 modules you will get 24 points. There is an advantage in Australia......

Words: 1202 - Pages: 5

Top 10 Franchises

...November 19, 2014 BBM0608 Dr. Edita S. Bunuan ____________________________________________________________________________ Assignment No. 1 1. TOP 10 INTERNATIONAL FRANCHISES FOR 2014 |Rank |Franchise Name |Startup Costs | |1 |Anytime Fitness |$78.69K − 371.17K | |2 |Hampton Hotels |$3.69M – 13.53M | |3 |Subway |$116.59K − 263.14K | |4 |Supercuts |$113.75K − 233.6K | |5 |Jimmy John’s Gourmet Sandwiches |$330.5K − 519.5K | |6 |7-Eleven Inc. |$37.2K − 1.63M | |7 |Servpro |$138.55K − 187.19K | |8 |Denny’s Inc. |$1.32M − 2.61M | |9 |Pizza Hut Inc. |$297K − 2.1M | |10 |Dunkin’ Donuts |$216.1K − 1.52M | Source:......

Words: 1327 - Pages: 6

Jrpgs Top 10 Composers

...10. TAKEHARU ISHIMOTO Representative Music: Crisis Core: Final Fantasy VII; The World Ends With You; Final Fantasy: Dissidia Takeharu Ishimoto starts off our list of great composers. His talent for creating original and eclectic pieces is impressive to say the least. His score for The World Ends With You exposes his genius for variety, with songs like "Long Dream," "Calling," and "Fighting For Freedom," funky, urban pieces that mix rock, rap, and dance beats. In contrast to this his work for Crisis Core is darker and more pensive, showcasing pieces like the acoustic "Under an Apple Tree," and the jammin' "Wandering in a Sunny Afternoon." And let's not forget his theme for Final Fantasy: Dissidia, an orchestrated bonanza or winds, percussions and brass. To be that diverse is impressive indeed. 9. YOKO SHIMOMURA Representative Music: Kingdom Hearts series; Parasite Eve; Legend of Mana Yoko Shimomura is the lone woman on this list, beating out the likes of talented lady composers like Michiko Naruke (Wild Arms)and Chikayo Fukuda (.hack//G.U.) for a top spot. It's a testament to her talent that she can hang with the guys. Her style can range from melancholy to intense, from soft piano to rocking guitar. Songs like "Dearly Beloved" and "Night of Fate" from Kingdom Hearts have become fan favorites in the JRPG world, and many still remember the riveting "Arise Within You" and "Under the Progress" from Parasite Eve. Her music is definitely worth checking out. 8. MASAHI......

Words: 1190 - Pages: 5

Top 10 Laws of Security

...implemented in any degree of simplicity or complexity. Therefore, it is important to understand the environment deeply before reflecting such laws, in order to meet security goals aimed by the owners. 1 Introduction It is proven that analysis of a system the key factor for successful management. These systems are collection of functional and non-functional components that work inherently to meet the strategic objectives of the enterprise. For that, it is important to control relations and processes among such components. Without providing an acceptable security level, all of these components are facing various risks. These risks are hard to be migrated to an acceptable level without good security management. This paper is aimed to urge the top 10 laws of security in any system. Each of which should work with collaboration of the others to gain sustainable framework and robust integration to secure the enterprise. 2 First Law: Security is a process, not a product This law is the conclusion of Bruce Scheiner’s well known book “Secrets and Lies”. It is predicted result the should be taken as the first law. Most of decision makers handle with security as being a product that is more powerful and competent to use with other products. Therefore, technology is the real driver of such people, and they are following technology updates for anti-malware, IDSs, Firewalls…etc. Such idea about security minimizes the efforts of correct security implementation, causing end users......

Words: 1692 - Pages: 7

Team Synergy Top 10

...Team Synergy’s Top Ten Guidelines 1. Choose the right team members. Not all team leader/managers will have this opportunity, but certainly if you do, it’s probably the most critical. As Goodbody (2005) points out, you first objective is to make sure you have all of the knowledge and skills that you need within the team with the fewest number of people. The larger the group, the more complex it becomes to manage. When considering skill sets, you must not only take into account technical expertise but other skills such as organizational understanding and communication. 2. Defining goals/expectations/vision Having a mission is setting the plan, where the team members will be able to work to one goal to accomplish the task. This is the first practice a Manager must consider in order to get to be successfully. Townsend, DeMarie and Hendrickson (1998) said that virtual teams should determine the configuration of individual teams, dictate their mission, and ultimately determine the type of technical system required and the requisite skills and orientation of the team and its members. By setting expectations and goals each team member will have a clear understanding of what the goals are, and are expected of them to achieve and attain those goals. 3. Defined roles/ responsibilities Members of virtual team will be geographically isolated where the team manager will probably not be aware of the other roles and responsibilities that each member has at their......

Words: 1102 - Pages: 5

Top 10 Ceo in the World

...Top 10 CEO Highest Paid in Compensation as of 2011 1. Apple CEO Tim Cook was the highest-paid chief executive at a public U.S. company in 2011 with total compensation of $378 million. After becoming CEO in August 2011, Apple had record profits in the first quarter of $13.06 billion. Equilar, an executive compensation data firm, compiled a list of CEO pay of companies with revenue over $5 billion that filed annual proxy statements by March 30, 2012. (Kevork Djansezian/Getty Images) 2. Oracle CEO Lawrence Ellison had the second highest CEO pay in 2011 with $77.6 million in total compensation, according to Equilar. Ellison's pay increased 11 percent from the previous year. Forbes' 2012 third richest person in the U.S. and the world's sixth richest with a net worth of $36 billion, he has been CEO of the software company since he founded it in 1977. (Kimihiro Hoshino/AFP/Getty Images) 3. Ron Johnson, who became CEO of retailer J.C. Penney in November 2011, is Equilar's third highest paid chief executive with $53.3 million in total compensation. Credited with pioneering Apple's retail store and its Genius Bar tech support as that company's senior vice president of retail operations, he is tasked with transforming J.C. Penney Company, which reported a loss in the fourth quarter. (Astrid Stawiarz/Getty Images) 4. Viacom President and CEO Philippe Dauman had the fourth highest CEO compensation with $43.1 million, a drop of 49 percent from last year. Dauman has......

Words: 714 - Pages: 3

Analysts Top 10

...some problems, 4) *Sudden increase in inventories in comparison to sales- The company can’t sell the inventory. | 8. Analysis of a company’s financial statements as a set should include the following: 1) Return on common equity, 2) Equity growth rate, 3) Inventory turnover, 4) Accounts payable turnover, 5) Cash flow to current liabilities ratio. | 9. (Describe what assurance the audit report does and does not provide.) * The primary purpose of an audit report is to provide assurance to the users of the financial statements that these statements are reliable, * The problem with audit reports is that the company being audited is paying the auditor, so you have to take the audit report with a grain of salt. | 10. Internet sources to assist in financial statement analysis include: 1) -Used to find financial reports and disclosures, 2) -Used to monitor company performance and see key ratios, 3) -Used to find everything financial about a company. | Note: Sentences beginning with a * are using material or quotes from the text or 1) The Equity Statement purpose is: To provide readers with the useful information of how the capital or funds of an entity are utilized and used. Since it shows the movements of equity and accumulated earnings and losses, the readers can see where the company’s equity came from and where it went. | 2) The Equity......

Words: 3257 - Pages: 14

Comic Release Scheduling Info | Metroid_Prime_Federation_Force_MULTI5_EUR_3DS_PUSSYCAT | Eddie Redmayne