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The Toyota Economic System: How Leaders Create True Prosperity Through Financial Congruency, Dignity of Work, and Environmental Stewardship

English

By (author): Olivier Larue

This book analyzes the purpose and relationship between the different elements of the Toyota Production System (TPS) and how they add up to an economic system rather than just a production system that brings engineering and managerial solutions to businesses. It argues how TPS can be viewed as a science as opposed to a tool-based technique.

Our society faces unprecedented economic, social, and environmental challenges. Thankfully, TPS offers solutions. These solutions are born out of Toyota's dissatisfaction with simple cost-benefit analyses and trade-offs. It challenges the antiquated model of economies of scale and radical individual asset efficiency. The Toyota Production System offers technical and managerial innovations that eliminate pre-existing financial, socio-economic, and environmental contradictions. The result is congruency between several factors and agents of our society that have conflicted in the past.

Specifically, TPS does the following:

  • Financially, TPS creates congruency between the Income Statement and the Statement of Cash Flow by pursuing total instead of individual efficiency.
  • Socio-managerially, TPS reconciles the creative nature of people with the mundane requirements of modern industrial work by re-introducing craftsmanship into industrial operation.
  • Economically, TPS lessens the conflicts between economic growth and environmental stewardship by eliminating, unevenness, overburden, and waste instead of only chasing economies of scale.

These innovations bring financial benefits to the corporation, social benefits to the workers, and economic and environmental benefits to society at large. Each benefit supports the others as opposed to itself individually. The result is true instead of apparent efficiency. This is measurable, repeatable, and worth making into a scientific discipline, which can be taught and applied more widely not just to business haphazardly, but systematically to the broader aspects of our economies.

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Original price €133.99
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Product Details
  • Weight: 666g
  • Dimensions: 178 x 254mm
  • Publication Date: 31 Jul 2023
  • Publisher: Taylor & Francis Ltd
  • Publication City/Country: United Kingdom
  • Language: English
  • ISBN13: 9781032391533

About Olivier Larue

Olivier Larue is a senior executive consultant and president at Ydatum Inc. which partners with public corporations and private equity clients in operation design and management. He has more than 30 years of hands-on experience with the Toyota Production System (TPS). He worked with the Toyota Supplier Support Center in North America (TSSC) Operations Management Consulting Division in Japan (OMCD) and New United Motor Manufacturing (NUMMI) before founding a consulting firm in the Bay Area focused on implementing TPS in a variety of industries.Olivier has led organizations from Fortune 500 to minority companies in the design and implementation of industrial engineering and managerial business solutions for 25+ years with documented savings exceeding two billion dollars. He has the expertise and hands-on experience with TPS/Lean enterprising and has developed hundreds of leaders around the world. Olivier excels at working with everyone from executives to shop floor operators to deliverer higher quality products and services at a lower cost and with a shorter supply lead time based on the Toyota Production System. He earned an MS from Saint Marys College of California a BS in Business Administration Management and Operation from the Faculte des Sciences Economiques of Rennes 1 France and a Bio Resources Management Bac D from Theodore Monod Lycee France

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