The Toyota Way 14 Management Principles The Toyota

The Toyota Way - 14 Management Principles The Toyota Way 14 Management Principles 1 2 3 4 5 6 7 8 9 10 11 12 13 14 Reference: The Toyota Way, by Jeffrey Liker. Prepared by: C. K. Vishwakarma, PMP Copyrights of all the pictures used in this presentation are held by their respective owners.

The Toyota Way - 14 Management Principles q 14 Principle 1 13 12 • Base your management decisions on a long 11 term philosophy, even at the expense of 10 short-term financial goals. 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles q 14 Principle 2 13 12 • Create a continuous process flow to bring 11 problems to the surface. 10 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles q 14 Principle 3 13 12 • Use “pull” systems to avoid overproduction. 11 10 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles q 14 Principle 4 13 12 • Level out the workload (heijunka). (Work like 11 the tortoise, not the hare. ) 10 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles q 14 Principle 5 13 12 • Build a culture of stopping to fix problems, to 11 get quality right the first time. 10 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles q 14 Principle 6 13 12 • Standardized tasks and processes are the 11 foundation for continuous improvement and 10 employee empowerment. 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles q 14 Principle 7 13 12 • Use visual control so no problems are hidden. 11 10 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles q 14 Principle 8 13 12 • Use only reliable, thoroughly tested 11 technology that serves your people and 10 processes. 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles q 14 Principle 9 13 12 • Grow leaders who thoroughly understand the 11 work, live the philosophy, and teach it to 10 others. 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles q 14 Principle 10 13 12 • Develop exceptional people and teams who 11 follow your company’s philosophy. 10 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles q 14 Principle 11 13 12 • Respect your extended network of partners 11 and suppliers by challenging them and 10 helping them improve. 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles q 14 Principle 12 13 12 • Go and see for yourself to thoroughly 11 understand the situation (genchi genbutsu). 10 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles q 14 Principle 13 13 12 • Make decisions slowly by consensus, 11 thoroughly considering all options; 10 implement decisions rapidly (nemawashi). 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles q 14 Principle 14 13 12 • Become a learning organization through 11 relentless reflection (hansei) and continuous 10 improvement (kaizen). 9 8 7 6 5 4 3 2 1

The Toyota Way - 14 Management Principles The Toyota Way, by Jeffrey Liker. Reference: Prepared by: C. K. Vishwakarma, PMP Copyrights of all the pictures used in this presentation are held by their respective owners.