Talk:How Toyota became number one
Can this also work in "western business reality"? -- Jolanta Wos 00:15, 30 May 2012 (CEST)
The insights provided in the presentation regarding Toyota's strategy places emphasis on the company's practices to stimulate curiosity and innovative ways of thinking in order to incorporate them in daily business activities. The approach to meticulously research the market needs and demands as potential barrier prior to entry, has made their success durable and established them as one of the leaders in the industry. Sending employees to live in the USA or entrusting younger generation employees to research the respective target groups, turned out to be thriving approach. However, a long list of the company's best practices may appear to be working locally. It remains an area of doubt, whether the numerous culture-specific strategies can be mirrored or at least partially incorporated in the western business acumen.