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The heart of Toyota’s strategy in motor vehicles is to outcompete rivals by manufacturing world-class, quality vehicles at lower costs and selling them at competitive price levels. Executing this strategy requires top-notch manufacturing capability and super-efficient management of people, equipment, and materials. Concepts & Connections 10.1, discusses the principles, practices, and techniques grounded in Toyota’s famed Toyota Production System. How does Toyota’s philosophy of dealing with defects, empowering employees, and developing capabilities impact strategy execution? Why are its slogans such as “Never be satisfied” and “Ask yourself ‘Why?’ five times” important?
Discuss how a lean approach could be utilised in the production system to potentially reduce the failings discussed in point three.
Choose a Canadian eco-friendly company, research it, and then write a report that informs the company's CEO John Smith Inc, of the top three social media it can use to promote an awareness campaign about its environmentally friendly initiatives/produ..
What is the main difference between "Extending" vs "Leaping" in Scenario Analysis?
We have a 100 year old community school (in the rural philippines)providing elementary, high school and college education. Its operations is still very traditional, not yet fully automated and uses minimal IT in its operation and proceses. What issue..
Your team was asked to help a small company go global. It was important to help the company build agile, flexible operation in a global market.
In this exercise you will examine how to weigh a set of facts and make a difficult personal decision about laying off valued employees during a time of financial hardship. You will also examine your own values and criteria used in the decision-making..
Give one example of a service firm that either uses a focus/differentiation strategy or a focus/cost leadership strategy. Briefly describe the market segment served by the firm. Rate the complexity and rate the divergence of the firm’s service operat..
Identify one typical local business in your community (e.g. fast food, computer retail, or bank) and describe fully the environment that this local business might face, and then explain why it is important for managers to be aware of that environment..
What are the key planning factors for competitive success? Provide an example of an organization that has achieved competitive success through planning.
Why are decision makers often incorrect? What are some ways individuals and organizations can improve their decision-making abilities? Site source
Do companies with a project management office have more success, less success or the same level of sucess with projects than companies that do not have a project management office? If so, why? If not, why not? If the same, why?
Reflect on your work throughout this course and respond to the following: What are the concepts and actions you've learned that can be implemented in your current or future career?
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