I was pulling this data together for a lean overview presentation that I'm doing. This quote, from a Toyota handbook, helps illustrate that Toyota, for all of its high-minded goals and purpose, is in business to make money.
“The Toyota Production System is a framework of concepts and methods for enhancing corporate vitality. It enables companies to achieve continual gains in productivity while satisfying customers' expectations for quality and prompt delivery.”
Toyota net income was just over $10B USD. (click on graph for a better image).
What do you think? Scroll down to comment or share your thoughts and the post on social media. Don't want to miss a post or podcast? Subscribe to get notified about posts via email daily or weekly.
Mark Graban is an internationally-recognized consultant, author, and professional speaker who has worked in healthcare, manufacturing, and startups. His latest book is Measures of Success: React Less, Lead Better, Improve More. He is author of the Shingo Award-winning books Lean Hospitals and Healthcare Kaizen, as well as The Executive Guide to Healthcare Kaizen. He also published the anthology Practicing Lean that benefits the Louise H. Batz Patient Safety Foundation, where Mark is a board member. Mark is also a Senior Advisor to the technology company KaiNexus.
Latest posts by Mark Graban (see all)
- Damon Baker on Lean, Private Equity, and the Ownership Works Initiative - September 28, 2022
- Reading About Lean at GE in Italy Makes Me Hungry for Pizza, While Savoring Employee Empowerment - September 27, 2022
- Can You SEE Culture in a Workplace? What Do These Artifacts Say to You? - September 27, 2022
Another interesting point to note is per today’s share prices, GM and F market valuation is app 15B each (roughly 1.5 times yearly income of Toyota)!
Content aside – that graphic would have looked a lot better as a gif or a png.
Yeah, I know it doesn’t look great, but you can click on the graph to get a better quality image.