The Toyota Way: 14 Management Principles of the World's Leading Company, 2nd Edition

The success of Toyota has generated unwavering interest among managers and business people around the world for many decades. The reliability of Toyota cars has become a benchmark for the global automotive industry, thus anyone interested in improving the quality of products and services inevitably familiarizes themselves with the experience of this corporation.

The second edition of this bestseller, which has become one of the most influential business books of the 21st century, contains the classic success story of Toyota and a narrative about its unique philosophy, based on 14 management principles. However, in this new edition, these principles have undergone changes in accordance with the realities of our time. The guide to the legendary Toyota Production System is now supplemented with an impressive foundation for stimulating innovation in business. Professor Liker offers a deep dive into the processes that are transforming Toyota, showing how to adapt them to develop your own improvement program tailored to the specific business conditions.

Equally important is the new approach to leadership models and the analysis of the kata principle — fostering a habit of scientific thinking based on practice and feedback among individuals. Scientific thinking is now placed at the center of problem-solving, changing the view of lean transformation to a more flexible and dynamic one. Liker provides real examples from manufacturing and service organizations that, by applying Toyota's principles, were able to enhance its experience.

The book is aimed at managers and entrepreneurs, students, and faculty members of economic universities.