Open Daily: 10am - 10pm | Alley door pickup 10am - 7pm 3038 Hennepin Ave Minneapolis, MN
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  • Open Daily: 10am - 10pm
    Alley-side Pickup: 10am - 7pm

    3038 Hennepin Ave Minneapolis, MN
    612-822-4611

Open Daily: 10am - 10pm | Alley-side Pickup: 10am - 7pm
3038 Hennepin Ave Minneapolis, MN
612-822-4611
The Toyota Economic System: The Philosophical Element: Reconciling Profit with Sustainable Prosperity

The Toyota Economic System: The Philosophical Element: Reconciling Profit with Sustainable Prosperity

Larue, Olivier Roger

Paperback

Series: The Toyota Economic System, Book 1

ManagementTechnology & EngineeringSocial Movements

ISBN13: 9798992185010
Publisher: Ydatum, Inc.
Published: Mar 7 2025
Pages: 142
Weight: 0.44
Height: 0.30 Width: 6.00 Depth: 9.00
Language: English
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 and an add-on to the current production system.

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 through over production

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