Mgmt 01

- Jeffrey K. Liker: The Toyota Way - Jay B. Barney et al.: Strategic Management and Competitive Advantage - Naomi Stanford: Guide to Organisation Design

- Jeffrey K. Liker: The Toyota Way - Jay B. Barney et al.: Strategic Management and Competitive Advantage - Naomi Stanford: Guide to Organisation Design


Josef Maniki
This set of flashcards focuses on English business management concepts, suitable for advanced learners. It covers key management principles like Toyota's philosophy, matrix structures, and problem-solving techniques. Examples include "Kaizen" for continuous improvement, "genchi genbutsu" for on-site problem-solving, and "5S" for workplace organization. The platform supports backward learning, allowing users to switch between source and target languages. Ideal for professionals and students aiming to enhance their strategic management vocabulary and understanding.
Flashcards
13
Students
1
Language
German
Category
English
Level
Other
Created / Updated
30.06.2012 / 02.07.2012

Flashcards

People and Partners (3P)

9. Grow leaders who throughly understand the work, live the philosophy and teach it to others

10. Develop exceptional people and teams who follow your company's philosophy

11. Respect your extended network of partners and suppliers by challenging them and helping them to improve.

Problem Solving (4P)

Continuously Solving Root Problems Drives Organizational Learning

12. Go and see for yourself to throughly understand the situation (genchi genbutsu)

13. Make decisions slowly by consensus, throughly considering all options: implement decisions rapidly

14. Become a learning organization trough relentless reflection (hansei) and continuous imrovement (kaizen)

Matrix Structure

Example GM

- core work is project based

- projects need highly specialized skills

- labour cost is prime economic driver

Matrix Structure: Advantages & Disadvantages

Advantages:

- Flexible

- specialists skills brought to support where needed

- attention paid to product (or geography)

Disadvantages

- difficult to apply

- power struggles

- need for a lot of coordination

- greater transaction costs

6 Key Learnings of Toyota Way

1.Go and see for yourself (genshi genbutsu)

2.Kaizen: Constant improvement

3.Long term philosophy

4.Continuously solving root problems

5.Hansei: Relentless reflection

6.Become a learning organization trough Hansei and Kaizen

7.Use visual control so no problems are hidden: bsp. 5S (Sorting, straightening out, shining, standardizing, sustain)