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    I am now using this blog to re-post some comments I make other blogs. For my full management blog see the Curious Cat Management Blog

    Sunday, April 02, 2006

    Toyota Powers to the Front

    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.

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