By Yukiyasu Togo, William Wartman
The Chairman of Toyota Motor revenues united states of america, Inc. provides the notable historical past of the most productive, such a lot ecocnomic vehicle maker on this planet and its progressive ""just-in-time"" construction method, observed by means of 16 pages of photos.
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Additional info for Against all odds: the story of the Toyota Motor Corporation and the family that created it
Performance Of the ﬁve major personality dimensions, conscientiousness and emotional stability are the most valid predictors of performance outcomes (such as those listed above) across different occupations. Other things being equal, individuals high on conscientiousness and emotional stability perform better on the job and this improved job performance has a substantial economic impact on the ﬁrm. Conscientious individuals are achievement oriented, hard working, dependable, persistent, responsible, organized, careful, and reliable.
Face reality as it really is, not as you want it to be. (I believe that the failure to practice this principle is a major cause of business failures, for example Enron. ) Control your own destiny or someone else will. Change before you have to. Compete to win. Welch also helped develop a code of values or guiding principles for GE as a whole: ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ ◆ Show integrity. Hate bureaucracy. Be open to new ideas regardless of their source. Pursue high quality, low cost, and speed. Have self-conﬁdence.
The major direct determinant of job performance is not GMA but job knowledge. People who do not know how to do a job cannot perform that job well. Research has shown that considerable job knowledge is required to perform even jobs most college students would think of as “simple jobs,” such as truck driver or machine operator. More complex jobs require even more job knowledge. The simplest model of job performance is this: GMA causes job knowledge, which in turn causes job perform ance. But this model is a little too simple: there is also a causal path directly from GMA to job performance, independent of job knowledge.
Against all odds: the story of the Toyota Motor Corporation and the family that created it by Yukiyasu Togo, William Wartman