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Essay heading: TOYOTA
 
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Issue: Business
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Date added: March 3, 1996
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No of pages / words: 3 / 626
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Is there still a lot of fat to trim at Toyota? K.W. There's plenty. Look, there are two p.r. people right here. TIME So you're going to fire one? K.W. Yes, one is enough ... Regarding costs for design, engineering, quality control, production, work force and management, there are still gray areas with waste and room for improvement...
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The next step is value innovation, where we're trying to make improvements in design that raise quality and lower costs. TIME Toyota is more profitable than the U.S.'s Big Three carmakers combined. Why has it been so much more successful? K.W. Everybody works as a team. We even call our suppliers our partners, and we make things that everybody thinks we should make...
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