Need for Toyota's strong leadership to response in addressing the problem quickly by identifying solutions to ensure the safety, provide customer satisfaction, protect brand name, and earn a tumbling share price.
Background
The Toyota Production System has been more recently referred to as “Lean Production System”. The “lean” production is actually a term coined in the late 80s by researchers IMVP (International Motor Vehicle Program), a research program on the MIT, to define a production system more efficient, flexible, agile and innovative than mass production, a system able to better face a market in constant change. In fact, lean ...