Executive Leadership

Following The Toyota Way, For Better Or Worse

The article and audio present an overview of how Toyota is dealing with its worst year since the 1930s. The company has cut production to keep inventories low, cut overtime pay, and cut bonuses. In contrast to GM and Chrysler, the carmaker has not laid off any full-time staff and has not sought government assistance. Efficiency and thrift have been the company's saving virtues, although some critics believe that Toyota has taken these virtues a bit too far. (Posted at NPR.)