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📖 DAILY BOOK SUMMARIES 📖 🔗 DIRECT FREE E-BOOK DOWNLOAD LINK AVAILABLE — https://drive.google.com/file/d/1Z1Q5yuVJKzQU4QnGWEGm2SgGPd_9ClXM/view?usp=drivesdk 🔥 The Toyota Way 🔥 🚀 20 Lessons By 👉 ✨ by Jeffrey Liker ✨ 1. 14 Management Principles: • The book is built around 14 principles that guide Toyota’s philosophy and operations. 2. Long-Term Philosophy: • Prioritize long-term goals over short-term financial gains for sustained success. 3. Continuous Improvement (Kaizen): • Emphasizes a culture of continuous improvement in processes and problem-solving. 4. Respect for People: • Values employees and partners, fostering mutual trust and respect. 5. Challenge the Status Quo: • Constantly question existing processes and strive for innovation. 6. Go and See (Genchi Genbutsu): • Managers are encouraged to go to the source and observe firsthand before making decisions. 7. Teamwork and Collective Problem Solving: • Problems are solved collectively, leveraging diverse expertise. 8. Flow and Pull Systems: • Utilizes Just-In-Time production to reduce waste and ensure resources are only used when needed. 9. Elimination of Waste (Muda): • Focuses on identifying and removing any non-value-adding activities from the process. 10. Standardized Tasks for Efficiency: • Standardization helps maintain quality and ensures consistent outputs. 11. Stop to Fix Problems (Jidoka): • Quality is maintained by halting production to address problems when they arise. 12. Develop Leaders Who Follow the Philosophy: • Leaders must embody and promote Toyota’s values for the company culture to thrive. 13. Use Technology Wisely: • New technology is only adopted when it enhances processes and aligns with company values. 14. Respect for Extended Network: • Build relationships with suppliers and partners based on mutual benefit and long-term growth. 15. Continuous Learning and Adaptation: • Encourage employees to develop new skills and stay adaptable. 16. Decisions Based on Consensus: • Take time to consider all options and get team input before making major decisions. 17. Customer First: • Prioritize customer satisfaction and build products that meet or exceed expectations. 18. Empowerment of Employees: • Employees are given the authority and responsibility to improve their work environment and processes. 19. Hansei (Reflection): • Regular reflection on successes and failures is integral to continuous learning and improvement. 20. Sustainability and Responsibility: • Ensures that business practices are environmentally sustainable and socially responsible.