Toyota powers to the front
(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 purpose of an organization in New Economics, on page 51, as:
The aim proposed here for any organization is for everybody to gain -
stockholders, employees, suppliers, customers, community, the environment - over the long term.
More from our previous post on the purpose of an organization
More lean thinking (Toyota Production System) articles.
July 10th, 2006 at 11:27 pm
[...] I get the impression from this and many other articles that people are scared to talk about any other aims than profit. Deming didn’t have such a problem. Toyota doesn’t have such a problem. Google doesn’t have such a problem. [...]