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Books Business Principal System The Toyota Way
TPS – Toyota Production System – the Toyota Way – 14 Principles
November 27, 2019
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The 14 Principles Section I — Long-Term Philosophy Principle 1 Base your management decisions on a long-term philosophy, even at the expense of short-term financial goals. People need purpose to find motivation and establish goals. Section II — Long-Term Philosophy Principle 2 Create a continuous process flow to bring problems to the surface. Work processes […]
Books Business Business Principal System The Toyota Way
QCDSM
November 27, 2019
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QCDSM is an acronym, which stands for Quality, Cost, Delivery, Safety, and Morale. Understanding QCDSM Quality – The quality of the products that are produced must be very high. Just as important is that the quality must be consistently good. Many companies use a Six Sigma strategy to help improve quality when implementing QCDSM. Cost – The costs for […]
Books Business Business Principal The Toyota Way
PDCA – Plan-Check-Do-Act
November 27, 2019
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PDCA (plan–do–check–act or plan–do–check–adjust) is an iterative four-step management method used in business for the control and continuous improvement of processes and products.[1] It is also known as the Deming Circle/Cycle/Wheel, the Shewhart Cycle, the control circle/cycle, or plan–do–study–act (PDSA). Another version of this PDCA cycle is OPDCA. The added “O” stands for observation or as some versions say: “Observe the current condition.” This emphasis on observation and current condition has currency with […]
Books Business Business Principal System The Toyota Way
TPS:: Toyota Production System
November 27, 2019
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The Toyota Production System (TPS) is an integrated socio-technical system, developed by Toyota, that comprises its management philosophy and practices. The TPS organizes manufacturing and logistics for the automobile manufacturer, including interaction with suppliers and customers. The system is a major precursor of the more generic “lean manufacturing“. Taiichi Ohno and Eiji Toyoda, Japanese industrial engineers, developed the system between 1948 and […]
Business Entrepreneur Fundamental Rules
Google’s 9 Principles of Innovation
June 7, 2017
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Googles 9 Principles of Innovation Innovation comes from anywhere An idea for an innovation doesn’t have to just come from your super star employees. Ideas can come from anyone. There is a really good example that Kallayil mentions where an onsite doctor at Google had idea that if someone talks about suicide in a Google […]
Business Business Dictionary Entrepreneur Fundamental
Some Business Vocabulary
May 3, 2017
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1. Back-of-the-envelope: calculations made haphazardly or informally. “Jim’s giving me back-of-the-envelope numbers, but I need concrete, exact figures.” 2. Bio break: a bathroom visit during business hours. “Sorry I’m late, guys. I had to take a bio break.” 3. Bleeding-edge: a concept or trend that’s so innovative and new, it goes beyond being cutting-edge. “This […]
Business Proposal Writing
The 9 Building Blocks of a Business Model
January 20, 2015
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