Toyota economic system : how leaders create true prosperity through financial congruency, dignity of work, and environmental stewardship
- New York Routledge 2023
- 272 p.
1. Production systems' contribution to human progress 2. Toyota Production System (TPS) as a system 3. As a system of economies of scale based on individual efficiency the traditional mass production system has inherent contradictions 4. The Toyota Production System and its inherent harmony: approach to reconciling income and cash flow financial statements 5. Management based on a vision of the ideal-true north 6. Kaizen, a scientific problem-solving activity 7. Institutionalization of problem-solving by developing experts: learning problem-solving and solving learning-problems 8. Practical principle-based performance indicators 9. Managing human development with "A4 and A3" 10. Reconciling economic prosperity with environmental stewardship
The book explores the Toyota Production System (TPS) as a science that offers solutions to economic, social, and environmental challenges. It challenges the traditional model of economies of scale and individual asset efficiency, offering technical and managerial innovations that eliminate contradictions. TPS creates congruency between income statements and cash flow, reconciles creativity with industrial work, and reduces conflicts between economic growth and environmental stewardship. It brings financial, social, and environmental benefits to corporations, workers, and society, making it measurable, repeatable, and valuable for broader economic applications.