Daily Archives: April 2, 2006

A Company’s Purpose is to be Useful to Society

Toyota powers to the front [the broken link was removed] (Toyota President, Katsuaki Watanabe) eschews the normal management mantra of shareholder value above all. A company’s purpose, Watanabe insists, is to be useful to society. W. Edwards Deming described the … Continue reading

Posted in Deming, Lean thinking, Management, Toyota Production System (TPS) | Tagged , , , , , , | 1 Comment

US Manufacturing Plant Construction

Breaking Ground [the broken link was removed] by Jeff Moad: Last year, according to figures from the U.S. Department of Commerce, investment in new manufacturing plant construction increased 25%. That compares to a decline of 6.5% in 2003 and an … Continue reading

Posted in Economics, Manufacturing | Tagged , | 4 Comments