via NY Times Magazine on Toyota, a very good article: From 0 to 60 to World Domination
Certainly the most obvious example of Toyota’s long view is the Prius hybrid.
I don’t think so, that is an example of their medium term thinking. Personal Robot Aids, biotechnology, housing and environmental development – that is long term thinking. More on Non-Automotive Toyota.
And yet deconstructing Toyota means breaking down a corporation that uses all its resources, and more than 295,000 employees worldwide, to construct things that are not meant to come apart.
Exactly, they have a system of management. Related: Systemic Thinking – Excessive CEO Pay – Lean is Harmony – Purpose of an Organization – Ackoff, Idealized Design and Bell Labs
Toyota is as much a philosophy as a business, a patchwork of traditions, apothegms and precepts that don’t translate easily into the American vernacular. Some have proved incisive (“Build quality into processes”) and some opaque (“Open the window. It’s a big world out there!”). Toyota’s overarching principle, Press told me, is “to enrich society through the building of cars and trucks.”
Related to Toyota management thinking: posts on Toyota management practices – Interview with Toyota President – The Quick Fix – articles by Gary Convis – articles by James Womack – Respect for People – New Toyota CEO’s Views – Toyota Internships – 10 stocks for 10 years updated – lean manufacturing concepts – Dr. Deming’s management system