The Toyota Way is a set of principles and behaviors that are followed by Toyota Motor Corporations Management. The concepts have been put to use by hundreds of companies with great success. Jump start your success through these great resources.
Toyota Way 14 Principles:
- Base your management decisions on a long-term philosophy, even at the expense of short-term financial goals.
- Create a continuous process flow to bring problems to the surface.
- Use “pull” systems to avoid overproduction.
- Level out the workload. (Work like the tortoise, not the hare.)
- Build a culture of stopping to fix problems, to get quality right the first time.
- Standardized tasks and processes are the foundation for continuous improvement and employee empowerment.
- Use visual control so no problems are hidden.
- Use only reliable, thoroughly tested technology that serves your people and processes.
- Grow Leaders who thoroughly understand the work, live the philosophy and teach it to others.
- Develop exceptional people and teams who follow your company’s philosophy.
- Respect your extended network of partners and suppliers by challenging them and helping them improve.
- Go and see for yourself to thoroughly understand the situation (genchi genbutsu).
- Make decisions slowly by consensus, thoroughly considering all options; implement decisions rapidly (nemawashi).
- Become a learning organization through relentless reflection (hansei) and continuous improvement (kaizen).
What is lean?
- Providing value to your customer by reducing wasteful practices
- Philosophy comes from the world famous Toyota Production System
- Preserving value with less work
- Recognize profit potentials through elimination of wasteful production practices