Word: fujio
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...capacity, inadvertently embracing a strategy that has proved perilous for its competitors? And how will the rest of the industry be affected by its initiatives? For Detroit automakers--which rely on pickups as a critical source of profit--the flood of Toyota metal spells only trouble. As Toyota president Fujio Cho told TIME, "We're expanding very rapidly." That is a diplomatic way of saying: Get ready for a showdown...
...STEPPING DOWN. As president of Toyota Motors, FUJIO CHO, 68, who has served as president since 1999; in Toyota City, Japan. Under Cho, Toyota dramatically expanded its overseas operations and led the industry in innovations like hybrid cars, while posting extraordinary growth in sales, profits and market share. He will be replaced in June by Katsuaki Watanabe, 62, a 40-year company veteran with expertise in parts procurement and cost-cutting...
...telephone or even the automobile. It's the devastatingly efficient assembly-line method called the Toyota Production System (TPS), which has revolutionized the way factories are run worldwide. Few people have done more to perfect "the Toyota Way" than chairman Hiroshi Okuda, 71, and president Fujio Cho, 67, with a combined 93 years at Toyota between them. Toyota's first two CEOs not to hail from the company's founding Toyoda clan, Okuda and Cho have taught hundreds of companies the TPS secrets of eliminating waste, reducing defects and maximizing flow. "From the very beginning, Toyota learned much from other...
Komikado's loyalty to her co-workers is admirable, but the group mentality often discourages the risk taking needed to support experimental products. In the mid-1980s, Fujio Masuoka, a senior manager at Toshiba, created flash memory, a powerful chip that enables laptops to function without cumbersome disc drives. "American chipmakers are going to have to copy our design or risk losing the market," crowed Masuoka. Instead, Toshiba balked at mass production. Eventually, Intel swooped in and within a few years held 85% of the multibillion-dollar market...
...latest Don Quixote to joust with the Rice Curtain, Japan's barrier to offshore grain imports, is Osaka's Fujio Matsumoto. His 44 Sushi Boy restaurants serve the popular dish at bargain prices. Matsumoto wants to cut charges further by importing 100,000 pieces of frozen sushi from California, wrapped in cheap American rice. The government must decide whether the entree is a creation unto itself, allowing it to circumvent the strict trade barrier, or a sly combination of raw fish and the very much forbidden U.S. rice. Only then will it be clear if Sushi Boy will succeed where...