Cumpolsory Case : “Toyota : Looking Far into the Future” A Brief History of Toyota 1) Toyota begins work on small car‚ a niche neglected by Detroit a. Toyopet is introduced in 1947. b. Reinvest profits from small cars into research and development 2) In 1957‚ Toyota performs its first American road test a. Modified Toyopet performs poorly‚ failing the road test due to heat and vibration b. Start over and by 1960 Toyota has a new Toyopet
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Bibliography: Liesener‚ T. (2013). Retrieved from kaizen factory: http://www.kaizen-factory.com/2013/09/11/pdca-a3-dmaic-8dpsp-what-are-the-differences/ Management‚ P. (2012‚ September). whatis.com. Retrieved from dmaic: http://whatis.techtarget.com/definition/DMAIC Manufacturing Skill Standards Council
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Japanese heritage. Deming’s ideas were developed in America around the same time by Feigenbaum and others‚ and an early adopter of TQM in the States was the US Navy. In the original Japanese model of TQM there are four steps to improving performance: 1 Kaizen: a focus on continuous improvement through making processes visible‚ repeatable and measurable. 2 Atarimae Hinshitsu: making sure that things work exactly as they are supposed to. 3 Kansei: examining the way the user actually uses the product in
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the line‚ under a clear procedure‚ if they spotted a problem. The new procedure challenged the mental models of workers and foremen/team leaders‚ and it did make sense to them. Management also encouraged workers to contribute ideas for improvement (kaizen) and rewarded workers for continous improvement. This is aligned with another Senge’s fundamental leadership challenge: surfacing and challenging mental models. Workers were enabled to see big picture‚ how their
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Value Engineering (VE): Value Engineering is an organized approach for identification and elimination of unnecessary cost. • QIP‚ QC & Benchmarking: Tata Steel adopted Juran Trilogy concept for undertaking Quality Improvement Projects (QIP). Quality Circles (QC) are small group activities which involves first-line employees who continually control and improve the quality of their work‚ products and services. Benchmarking is a process of exploring for best practices and performances across the
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Group Assignment: INTERNATIONALIZATION OF TOYOTA MOTOR CO. Name of the students: VIJAY CHATURVEDI‚ SUUNIL DABRAL‚ PRIYAJEET VILKU‚ PROMILA KAUSHIK‚ SUMIT MAJKHOLA‚ RAJ SINGH THOL Group Number: 8 Name of the Course: GLOBAL BUSINESS ENVIRONMENT Assignment/Case number: 01 Faculty in charge: PROF. BIBEK RAY CHAUDHURI INTERNATIONALIZATION OF TOYOTA MOTOR CO. I) JAPANESE BUSINESS AND ECONOMY: [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] [pic] II) TOYOTA GOES INTERNATIONAL:
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USA Armor School Research Library TDCD Fort Knox KY Bibliography March 2006 Lean Six Sigma Lean: Identifying ’waste ’ or ‘non-value-added activities’ from the customer perspective and then determining how to eliminate it the ’right ’ way. [Lean Six Sigma Institute] Lean Six Sigma: A business improvement methodology that maximizes shareholder value by achieving the fastest rate of improvement in customer satisfaction‚ cost‚ quality‚ process speed‚ and invested capital. [Lean Six
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Segmentation This is the case study of Apple from the iPod to the iPad - a classic example of Corporate Strategy in action. 7 Apple in 2001 8 Launch of the iPod First mover advantage‚ product life cycles‚ pricing strategy‚ key success factors‚ Kaizen‚ market profiling and much more are revealed in the Apple story. 9 Here comes the Zune 10 Brand Development and Product Extension A story which has led to the sale of 575 million digital devices‚ and a market cap of $575 billion in just ten years
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Chapter I Introduction CHAPTER I ABSTRACT “Financial performance of Kirloskar Pneumatic Co Ltd”. It is concerned with examining the profitability position of the company for a period of five years (2007-2012).The main objective of this study is to analyse the financial performance of the company by analysing the financial statements. Financial performance is analysed for capital adequacy‚ assets quality‚ management‚ earning quality and liquidity. Charts and tables are used for better
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The production management processes at Hyundai Motor India are overlayed with an organization-wide implementation of manufacturing best practices like Just-in-time inventory management‚ Kaizen‚ TPM and TQM‚ that help us in making the world’s best cars‚ right here in India. The Press Shop A computer controlled line that converts sheet metal to body panels of high dimensional accuracy and consistency. The Body Shop A hi-tech line that builds full body shells from panels. Automated robotic
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