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The Toyota Way, Second Edition: 14 Management Principles from the World’s Greatest Manufacturer, Jeffrey K. Liker

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Title: The Toyota Way, Second Edition: 14 Management Principles from the World’s Greatest Manufacturer

Author: Jeffrey K. Liker

Publication date (EN): November 10, 2020 (McGraw-Hill)

Pages (EN): 448 pp. (hardcover)

Value for PMs & founders (problem it solves)
A playbook for building a continuous-improvement culture that eliminates waste, improves flow, and grows people—so product and operations teams deliver reliable, long-term value rather than short-term output.

Summary
Liker codifies Toyota’s 14 principles across four pillars (Philosophy, Process, People/Partners, Problem-Solving): think long term, design for flow & pull, ensure built-in quality, standardize to learn, go see the work (genchi genbutsu), decide deliberately then execute fast (nemawashi), and become a learning organization through reflection and kaizen. The 2nd edition updates cases and guidance.

3 community-reported takeaways (with sources)

  1. Principles over tools: copying Toyota practices without the mindset fails; cultivate scientific thinking. Lean Enterprise Institute

  2. Long-term philosophy beats short-term gains for quality and trust. APQC

  3. Respect for people + problem solving: develop leaders from within; go to the gemba; fix root causes. scrummaster.dk

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