Toyota Powers to the Front
Posted on April 2, 2006 Comments (1)
(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.
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.
One Response to “Toyota Powers to the Front”
Leave a Reply
RSS Feed
July 10th, 2006 @ 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. [...]