Summary: How Toyota Became #1 - David Magee

Summary: How Toyota Became #1 - David Magee

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Complete summary of David Magee's book: qHow Toyota Became #1: Leadership Lessons from the Worlda€™s Greatest Car Companyq The review of the ideas in qHow Toyota Became #1q show that the criteria and qualities leading to Toyotaa€™s rise to the top had little to do with sales results or profit margins. This summary points out how Toyota has created such a successful corporate environment, and how others can emulate them. In fact, Toyota looks at new products from the perspective of what customers want, rather than what they have capability to make; managers have empowered even bottom-level employees to act for themselves. Factual information is treated as autocratic: it doesna€™t matter whether those facts come from senior management or lower down. Toyota is famous for having a production line that can be halted by anyone, because everyone is responsible for quality control. Executives dona€™t have special parking spots, they are expected to work longer hours, and they walk the manufacturing floor regularly. In other words, Toyotaa€™s philosophy is based on mutual respect of all employees, and the willingness to prioritize the customer over procedural convenience. Ita€™s possible, no matter the market, for others to do the same. Added-value of this summary: a€c Save time a€c Understand the key concepts a€c Increase your business knowledge To learn more, read the summary of qHow Toyota Became #1q and create your own successful environment.Toyota generally looks twentyfiveyears ahead when decisions arebeing made. ... andhand the problems to the next guy whowill then be left holding the bag and sorting out the problems which arise. ... The Global 21 project led to the development of the Toyota Prius hybrid sedan which was launched in Japan in 1997 andinanbsp;...

Title:Summary: How Toyota Became #1 - David Magee
Author:BusinessNews Publishing
Publisher:Primento - 2013-02-15


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