Competitive Advantage The Toyota Way
Competitive Advantage The Toyota Way
Competitive Advantage The Toyota Way
Faculty and Research
London Business School Review
Competitive advantage the Toyota way
Competitive advantage the Toyota way
For a firm to experience long-term sustained competitive advantage it must invest
in human resources and deploy its scarce assets in the ...
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During the period after the second world war, at least through the 1980s, Japan and
Japanese firms seemed to have successfully adapted themselves to the competitive
forces of emerging global markets. In spite of a poor natural resource base, a
dramatically altered set of institutional arrangements (a combination of democratic
government, free-markets and the rule of law) created a propitious atmosphere for
innovative behaviour.
Nowhere were adaptations to this altered environment more apparent than in the
Japanese automobile and semiconductor industries and no firm was more
successful, admired and emulated than Toyota Motor Corporation.