I am saddened by the undeserved and bad press that Toyota Motors a great organisation has been receiving in the recent past. Notwithstanding the latest problems in quality and its first loss in 27 years, nearly everyone knows that Toyota Motors is one of the most successful companies in the world. What is not so widely known is how Toyota got there. How did a company almost on the verge of bankruptcy several times emerge from the ruins of a war exhausted and destroyed nation to conquer the most profitable, technology savvy companies in the automotive world within a few short decades? There are many reasons for Toyota's success but the most significant is "Lean Thinking and Management" , which Toyota pioneered and continuously perfects. It was 1987, New Delhi. India. Mr. Rahul Bajaj, chairman and managing director of Bajaj Auto group gave the keynote address at a CII (Confederation of Indian Industries) program. I thought he was speaking something strange, incr...
Knowledge with wisdom, positive attitude, and good management skill can unravel any enigma.