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Insights from Jeffrey K. Liker's The Toyota Way: 14 Management Principles from the World's Greatest Manufacturer.
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In The Toyota Way: 14 Management Principles From the World’s Greatest Manufacturer (2003), engineering professor Jeffrey K. Liker explains how businesses can improve operations by adopting Toyota’s underlying ideologies. Since the Japanese company’s founding in the 1930s, Toyota has dedicated itself to continually improving both its products and processes. The company invented a production method called the lean method or the Toyota Production System (TPS), which has helped countless businesses eliminate waste, or muda, in their manufacturing process. The 14 principles that make up the Toyota Way allow the company to manufacture products that meet consumer expectations as well as market demand.
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