The Toyota Way: 14 Management Principles from the World's Greatest Manufacturer

"This book will give you an understanding of what has made Toyota successful and some practical ideas that you can use to develop your own approach to business."--Gary Convis, Managing Office of ToyotaFewer man-hours. Less inventory. The highest quality cars with the fewest defects of any competing manufacturer. In factories around the globe, Toyota consistently raises the bar for manufacturing, product development, and process excellence. The result is an amazing business success story: steadily taking market share from price-cutting competitors, earning far more profit than any other automaker, and winning the praise of business leaders worldwide.The Toyota Wayreveals the management principles behind Toyota's worldwide reputation for quality and reliability. Dr. Jeffrey Liker, a renowned authority on Toyota's Lean methods, explains how you can adopt these principles--known as the "Toyota Production System" or "Lean Production"--to improve the speed of your business processes, improve product and service quality, and cut costs, no matter what your industry.Drawing on his extensive research on Toyota, Dr. Liker shares his insights into the foundational principles at work in the Toyota culture. He explains how the Toyota Production System evolved as a new paradigm of manufacturing excellence, transforming businesses across industries. You'll learn how Toyota fosters employee involvement at all levels, discover the difference between traditional process improvement and Toyota's Lean improvement, and learn why companies oftenthinkthey are Lean--but aren't.The fourteen management principles of the Toyota Way create the ideal environment for implementing Lean techniques and tools. Dr. Liker explains each key principle with detailed, examples from Toyota and other Lean companies on how to: Foster an atmosphere of continuous improvement and learning Create continuous process "flow" to unearth problems Satisfy customers (and eliminate waste at the same time) Grow your leaders rather than purchase them Get quality right thefirsttime Grow together with your suppliers and partners for mutual benefitDr. Liker shows the Toyota Way in action, then outlines how to apply the Toyota Way in your organization, with examples of how other companies have rebuilt their culture to create a Lean, learning enterprise.The Toyota Wayis an inspiring guide to taking the steps necessary to emulate Toyota's remarkable success.What can your business learn from Toyota? How to double or triple the speed of any business process How to build quality into workplace systems How to eliminate the huge costs of hidden waste How to turn every employee into a quality control inspector How to dramatically improve your products and services!With a market capitalization greater than the value of General Motors, Ford, and ChryslercombinedToyota is also, (by far), the world's most profitable automaker. Toyota's secret weapon is Lean production--the revolutionary approach to business processes that it invented in the 1950's and has spent decades perfecting. Today businesses around the world are implementing Toyota's radical system for speeding up processes, reducing waste, and improving quality.The Toyota Wayexplain's Toyota's unique approach to Lean--the 14 management principles and philosophy that drive Toyota's quality and efficiency-obsessed culture. You'll gain valuable insights that can be applied to any organization and any business process, whether in services or manufacturing. Professor Jeffrey Liker has been studying Toyota for twenty years, and was given unprecedented access to Toyota executives, employees and factories, both in Japan and the United States, for this landmark work. The book is full of examples of the 14 fundamental principleJeffrey Liker is the author of 'The Toyota Way: 14 Management Principles from the World's Greatest Manufacturer', published 2004 under ISBN 9780071392310 and ISBN 0071392319.