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The Toyota Way: 14 Management Principles from the 
Worlds Greatest Manufacturer 
by Jeffrey K. Liker 
McGraw-Hill ? 2004 (352 pages) 
ISBN:0071392319 
This book explains the management principles and 
business philosophy behind Toyotas worldwide 
reputation for quality and reliability. It also shows 
managers in every industry how to improve business 
processes. 
Table of Contents 
The Toyota Way 14 Management Principles from the World s Greatest 
Manufacturer 
Preface 
Part One - The World-Class Power of the Toyota Way 
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The Toyota Way: Using Operational Excellence as a Strategic 
Weapon 
- 
How Toyota Became the World s Best Manufacturer: The Story 
of the Toyoda Family and the Toyota Production System 
-   The Heart of the Toyota Production System: Eliminating Waste 
- 
The 14 Principles of the Toyota Way: An Executive Summary of 
the Culture Behind TPS 
- 
The Toyota Way in Action: The  No Compromises  Development 
of Lexus 
- 
The Toyota Way in Action: New Century, New Fuel, New Design 
Process Prius 
Part Two - The Business Principles of the Toyota Way 
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-   Long-Term Philosophy 
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Principle 1: Base Your Management Decisions on a Long-Term 
Philosophy, Even at the Expense of Short-Term Financial Goals 
-   The Right Process Will Produce the Right Results 
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Principle 2: Create Continuous Process Flow to Bring Problems to 
the Surface 
-   Principle 3: Use  Pull  Systems to Avoid Overproduction 
-   Principle 4: Level Out the Workload (Heijunka ) 
- 
Principle 5: Build a Culture of Stopping to Fix Problems, to Get 
Quality Right the First Time 
- 
Principle 6: Standardized Tasks Are the Foundation for 
Continuous Improvement and Employee Empowerment
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