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	<title>Comments on: The Toyota Way - Long-term philosophy</title>
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	<link>http://rasmusson.wordpress.com/2008/04/27/the-toyota-way-long-term-philosophy/</link>
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	<pubDate>Wed, 20 Aug 2008 21:55:48 +0000</pubDate>
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		<title>By: JR</title>
		<link>http://rasmusson.wordpress.com/2008/04/27/the-toyota-way-long-term-philosophy/#comment-95</link>
		<dc:creator>JR</dc:creator>
		<pubDate>Mon, 19 May 2008 03:56:14 +0000</pubDate>
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		<description>Great point. Thx Jason.</description>
		<content:encoded><![CDATA[<p>Great point. Thx Jason.</p>
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		<title>By: Jason Yip</title>
		<link>http://rasmusson.wordpress.com/2008/04/27/the-toyota-way-long-term-philosophy/#comment-94</link>
		<dc:creator>Jason Yip</dc:creator>
		<pubDate>Sat, 17 May 2008 01:08:55 +0000</pubDate>
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		<description>Minor correction, Toyota is currently the #1 largest car manufacturer in the world by any measure and would have been for a long while if that measure was profitability.</description>
		<content:encoded><![CDATA[<p>Minor correction, Toyota is currently the #1 largest car manufacturer in the world by any measure and would have been for a long while if that measure was profitability.</p>
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		<title>By: JR</title>
		<link>http://rasmusson.wordpress.com/2008/04/27/the-toyota-way-long-term-philosophy/#comment-93</link>
		<dc:creator>JR</dc:creator>
		<pubDate>Thu, 15 May 2008 13:23:19 +0000</pubDate>
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		<description>Hi Dr. Khamrai,

The difference is subtle, and hard to see sometimes. But the implication is an important one as it affects how the company views itself, and it's culture.

In my view, the main difference between the two statements is one of intent and spirit.

Ford's clearly spells out that it's goal is to serve customers, make great products, and give shareholders a decent return.

This is overwhelmingly how most companies operate.
 
Toyota's mission statement focus's on something different. Instead of shareholder return, it's enhancing society. Instead of quality products its team members.

In other words, Toyota does everything Ford describes in it's mission statement, but they are only means to a different end (and not the mission itself).</description>
		<content:encoded><![CDATA[<p>Hi Dr. Khamrai,</p>
<p>The difference is subtle, and hard to see sometimes. But the implication is an important one as it affects how the company views itself, and it&#8217;s culture.</p>
<p>In my view, the main difference between the two statements is one of intent and spirit.</p>
<p>Ford&#8217;s clearly spells out that it&#8217;s goal is to serve customers, make great products, and give shareholders a decent return.</p>
<p>This is overwhelmingly how most companies operate.</p>
<p>Toyota&#8217;s mission statement focus&#8217;s on something different. Instead of shareholder return, it&#8217;s enhancing society. Instead of quality products its team members.</p>
<p>In other words, Toyota does everything Ford describes in it&#8217;s mission statement, but they are only means to a different end (and not the mission itself).</p>
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		<title>By: Dr.Asim Khamrai</title>
		<link>http://rasmusson.wordpress.com/2008/04/27/the-toyota-way-long-term-philosophy/#comment-92</link>
		<dc:creator>Dr.Asim Khamrai</dc:creator>
		<pubDate>Tue, 13 May 2008 06:40:52 +0000</pubDate>
		<guid isPermaLink="false">http://rasmusson.wordpress.com/?p=61#comment-92</guid>
		<description>I  am not able to differentiate the basic philosophy of the two company based on only one principle and what is wrong if one(Ford) is interested to develop shareholder value reflecating nations wealth.
In a way both is correct based on one principles as you mentioned .</description>
		<content:encoded><![CDATA[<p>I  am not able to differentiate the basic philosophy of the two company based on only one principle and what is wrong if one(Ford) is interested to develop shareholder value reflecating nations wealth.<br />
In a way both is correct based on one principles as you mentioned .</p>
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		<title>By: AC Dealers &#124; Local Car Dealers, PA Pennsylvania Dealerships, NJ New Jersey, DE Delaware Car Sales, Service, and Financing</title>
		<link>http://rasmusson.wordpress.com/2008/04/27/the-toyota-way-long-term-philosophy/#comment-85</link>
		<dc:creator>AC Dealers &#124; Local Car Dealers, PA Pennsylvania Dealerships, NJ New Jersey, DE Delaware Car Sales, Service, and Financing</dc:creator>
		<pubDate>Tue, 06 May 2008 10:01:52 +0000</pubDate>
		<guid isPermaLink="false">http://rasmusson.wordpress.com/?p=61#comment-85</guid>
		<description>[...] You probably know that Toyota is one of the leaders in the automotive industry. But do you know how the automaker got there? The company’s philosophy is unique. Unlike other major companies, Toyota seems to stand for more than just making a huge profit. And the company philosophy is proof of that. According to the Toyota Way, the company stands by 14 different principles. We’ll discuss those principles in the upcoming weeks, but today we’ll start with the first one. [...]</description>
		<content:encoded><![CDATA[<p>[...] You probably know that Toyota is one of the leaders in the automotive industry. But do you know how the automaker got there? The company’s philosophy is unique. Unlike other major companies, Toyota seems to stand for more than just making a huge profit. And the company philosophy is proof of that. According to the Toyota Way, the company stands by 14 different principles. We’ll discuss those principles in the upcoming weeks, but today we’ll start with the first one. [...]</p>
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