Summary: How Toyota Became #1 - David Magee

Business & Finance, Economics, Development & Growth, Management & Leadership, Management
Cover of the book Summary: How Toyota Became #1 - David Magee by BusinessNews Publishing, Must Read Summaries
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: BusinessNews Publishing ISBN: 9782806247025
Publisher: Must Read Summaries Publication: February 15, 2013
Imprint: Business Book Summaries Language: English
Author: BusinessNews Publishing
ISBN: 9782806247025
Publisher: Must Read Summaries
Publication: February 15, 2013
Imprint: Business Book Summaries
Language: English
This work offers a summary of the book “HOW TOYOTA BECAME #1: Leadership Lessons from the World’s Greatest Car Company” by David Magee.
“I was surprised,” writes David Magee, “at what I found as I interviewed key managers at Toyota. Despite the company’s incredibly successful, even meteoric rise, it was nearly impossible to get anyone inside the company to talk about the numbers. The criteria and qualities leading to Toyota’s rise to the top had little to do with sales results or profit margins.”
Magee has analyzed how Toyota has created such a successful corporate environment, and how others can emulate them. Toyota looks at new products from the perspective of what customers want, rather than what they have capability to make; managers have empowered even bottom-level employees to act for themselves. Factual information is treated as autocratic: it doesn’t matter whether those facts come from senior management or lower down. Toyota is famous for having a production line that can be halted by anyone, because everyone is responsible for quality control. Executives don’t have special parking spots, they are expected to work longer hours, and they walk the manufacturing floor regularly.
Toyota’s philosophy is based on mutual respect of all employees, and the willingness to prioritize the customer over procedural convenience. It’s possible, no matter the market, for others to do the same.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
This work offers a summary of the book “HOW TOYOTA BECAME #1: Leadership Lessons from the World’s Greatest Car Company” by David Magee.
“I was surprised,” writes David Magee, “at what I found as I interviewed key managers at Toyota. Despite the company’s incredibly successful, even meteoric rise, it was nearly impossible to get anyone inside the company to talk about the numbers. The criteria and qualities leading to Toyota’s rise to the top had little to do with sales results or profit margins.”
Magee has analyzed how Toyota has created such a successful corporate environment, and how others can emulate them. Toyota looks at new products from the perspective of what customers want, rather than what they have capability to make; managers have empowered even bottom-level employees to act for themselves. Factual information is treated as autocratic: it doesn’t matter whether those facts come from senior management or lower down. Toyota is famous for having a production line that can be halted by anyone, because everyone is responsible for quality control. Executives don’t have special parking spots, they are expected to work longer hours, and they walk the manufacturing floor regularly.
Toyota’s philosophy is based on mutual respect of all employees, and the willingness to prioritize the customer over procedural convenience. It’s possible, no matter the market, for others to do the same.

More books from Must Read Summaries

Cover of the book Summary: Red State, Blue State, Rich State, Poor State - Andrew Gelman by BusinessNews Publishing
Cover of the book Summary of The Original Argument: The Federalists' Case for the Constitution, Adapted for the 21st Century - Glenn Beck with Joshua Charles by BusinessNews Publishing
Cover of the book Summary of Bamboozled: How Americans are being Exploited by the Lies of the Liberal Agenda - Angela McGlowan by BusinessNews Publishing
Cover of the book Summary of Imperial Hubris: Why the West Is Losing the War on Terror - ANONYMOUS by BusinessNews Publishing
Cover of the book Summary of Empire of Illusion: The End of Literacy and the Triumph of Spectacle - Chris Hedges by BusinessNews Publishing
Cover of the book Summary: How We Compete - Suzanne Berger by BusinessNews Publishing
Cover of the book Summary of Fed Up: Our Fight to Save America From Washington - RICK PERRY by BusinessNews Publishing
Cover of the book Summary of The Family: The Real Story of the Bush Dynasty - Kitty Kelley by BusinessNews Publishing
Cover of the book Summary of Running On Empty: How the Democratic and Republican Parties Are Bankrupting Our Future and What Americans Can Do About It - Peter G. Peterson by BusinessNews Publishing
Cover of the book Summary of Our Endangered Values: America's Moral Crisis - Jimmy Carter by BusinessNews Publishing
Cover of the book Summary: Enchantment - Guy Kawasaki by BusinessNews Publishing
Cover of the book Summary of Supreme Conflict: The Inside Story of the Struggle for Control of the United States Supreme Court - Jan Crawford Greenburg by BusinessNews Publishing
Cover of the book Summary of God's Politics: Why the Right Gets It Wrong and the Left Doesn't Get It - Jim Wallis by BusinessNews Publishing
Cover of the book Summary: Boys Adrift - Leonard Sax by BusinessNews Publishing
Cover of the book Summary: IACOCCA - Lee Iacocca with William Novak by BusinessNews Publishing
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy