Why Toyota Way and Lean Principles are Objectivist Principles

We Are going to talk about these work princples and why they make companies, customers and workers flourish in both their careers and personal lives.

1. Long-Term Philosophy

• Principle 1: Base management decisions on a long-term philosophy, even at the expense of short-term financial goals.
• Principle 2: Focus on extended sustainability rather than short-term financial gain.
• Principle 3: Foster a sense of purpose in employees.

2. The Right Process Will Produce the Right Results

• Principle 4: Create continuous process flow to bring problems to the surface.
• Principle 5: Use pull systems to avoid overproduction.
• Principle 6: Level out the workload (Heijunka).
• Principle 7: Make problems visual.
• Principle 8: Use only reliable, thoroughly tested technology.

3. Add Value to the Organization by Developing Your People

• Principle 9: Grow leaders who teach the philosophy to others.
• Principle 10: Develop people who can do the work.
• Principle 11: Respect your network partners.

4. Continuously Solving Root Problems Drives Organizational Learning

• Principle 12: Go see for yourself.
• Principle 13: Make decisions slowly by consensus; implement them rapidly.
• Principle 14: Become a learning organization.