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Extreme Toyota

Radical Contradictions That Drive Success at the World's Best Manufacturer
Summary:

The book delves into the unique management principles and corporate culture of Toyota, exploring how the company's paradoxical blend of rigorous control with broad employee freedom, standardized practices with continuous improvement, and a culture of frugality coupled with large-scale spending on innovation and knowledge creation, has propelled it to industry leadership. It examines six forces that drive Toyota's success, including contradictions within the company's culture and strategies, and how these seemingly opposing elements are harmoniously integrated to foster resilience and adaptability.

Key points:

1. Genchi Genbutsu: Toyota stresses the importance of observing problems firsthand, urging employees to go to the actual place of work to understand issues better.

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