Eiji Toyoda – The Bard Of The Assembly Line


wealthymatters

Eiji Toyoda died,earlier this week, at the age of 100, almost 30 years after retiring from active management of Toyota Motors.

Like Alfred Sloan and Henry Ford before him, Toyoda was an engineer whose vision dominated the company in its formative years and beyond. He transformed Toyota into a global powerhouse with management and manufacturing processes that transcended the auto industry.

Where would we be without kanban, kaizen, muda, and keiretsu, as well as acronyms like JIT (just in time), TQC (total quality control), ZD (zero defects), and TPS (Toyota Production System)?

Although Taiichi Ohno is known as the father of the Toyota Production System, Toyoda probably deserves more credit for its development. He encouraged his team to learn from W Edwards Deming, to study the Ford production system, and to use data to refine manufacturing processes. Read more of this post

On What Do India’s Wealthy Spend Their Money?


wealthymattersWhat do India’s wealthy like to buy with their buckets of money?

Customized holiday packages, luxury watches, diamonds and jewelry, and home electronics (including fancy mobiles and high-end cameras) — in that order.They buy luxury cars, too, but not Ferraris and Lamborghinis as one would expect. More like Honda and Toyota, according to the study conducted by Kotak Wealth Management and rating and research firm Crisil Ltd.The wealthy here are defined as households with a minimum average net worth of 250 million rupees ($5.6 million) for the financial year ended March 31, 2011.

Researchers interviewed 150 super-wealthy individuals in India’s major cities of Mumbai, Delhi and Bangalore, and others like Hyderabad, Ahmedabad and Chennai to put together the study. Senior personnel at major global luxury brands, art gallery owners, product dealers and industry body representatives were also interviewed. Read more of this post

Stock Market Joke


wealthymatters.com

I found this joke here : http://globalshtf.wordpress.com/2011/03/11/you-have-to-love-capitalists/ Pretty apt considering what happened in our markets today.

You Have To Love Capitalists

“Large Earthquake destroys part of Japan”

“Hmm”

“People die” Read more of this post

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