Comments on: Toyota Execution Not Close to Being Copied http://management.curiouscatblog.net/2008/05/07/toyota-execution-not-close-to-being-copied/ Management Improvement focused on Deming, lean thinking, innovation, customer focus, six sigma, etc. Wed, 08 Feb 2012 14:35:23 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Curious Cat Management Improvement Blog » The Contradictions That Drive Toyota’s Success http://management.curiouscatblog.net/2008/05/07/toyota-execution-not-close-to-being-copied/comment-page-1/#comment-32451 Curious Cat Management Improvement Blog » The Contradictions That Drive Toyota’s Success Tue, 08 Jul 2008 14:03:39 +0000 http://management.curiouscatblog.net/?p=1028#comment-32451 Experimentation is key to gaining knowledge and improving. And Toyota has steadily improved their method of experimentation building on the PDSA/PDCA cycle... Experimentation is key to gaining knowledge and improving. And Toyota has steadily improved their method of experimentation building on the PDSA/PDCA cycle…

]]> By: Jurgen Appelo http://management.curiouscatblog.net/2008/05/07/toyota-execution-not-close-to-being-copied/comment-page-1/#comment-32269 Jurgen Appelo Wed, 14 May 2008 16:48:56 +0000 http://management.curiouscatblog.net/?p=1028#comment-32269 I believe Milton Friedman, possibly the greatest economist of the 20th century, when he said that the single goal of a company is to make money. Social responsibility to various stakeholders doesn't change that goal. Social responsibility is simply one of the best ways of beating competitors, as Toyota has shown. Respect for all stakeholders is simply a means towards an end (shareholder value). See: Rethinking the Social Responsibility of Business http://www.reason.com/news/show/32239.html I believe Milton Friedman, possibly the greatest economist of the 20th century, when he said that the single goal of a company is to make money.

Social responsibility to various stakeholders doesn’t change that goal. Social responsibility is simply one of the best ways of beating competitors, as Toyota has shown. Respect for all stakeholders is simply a means towards an end (shareholder value).

See: Rethinking the Social Responsibility of Business
http://www.reason.com/news/show/32239.html

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