Word: professore
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...removed from a changing global economy to adapt. Analysts describe a Toyota management team that had fallen in love with itself and become too insular to properly handle something like the current crisis. "The reaction to [the situation] is a very Japanese thing," says Kenneth Grossberg, a marketing professor at Waseda University's business school in Tokyo. Jeffrey Kingston, director of Asian studies at Temple University Japan, says Toyota's managers don't understand how sensitive the American public is to auto-safety issues. "Their focus on the customer has been nonexistent," he says. "Toyota is famous for having...
...pace in the automotive industry for years. But it can't do so without addressing its shortfalls. Complexity is the enemy of any manufacturer, and rapid growth increases it. "Toyota faced excessive or overwhelming complexity that even its strong capability could not handle adequately," notes University of Tokyo professor Takahiro Fujimoto, who is affiliated with the Wharton School's IMVP. (Read "Toyota's Recall Will Test Customer Loyalty...
...culture locked in the past. And just how landowners will react to having rules imposed on them by the central government remains to be seen. "Ownership here is very, very tight," says John Haglelgam, who served as President of F.S.M. from 1987 to 1991 and is now a history professor at the College of Micronesia. "The world park goes to the core of the land-ownership system...
...shops. According to city statistics, 77,000 people in the town work in auto-related industries. The entire region is connected to Toyota, with independent suppliers of parts spread through the surrounding countryside and nearby cities. "Toyota is the biggest company in this area," says Masahiko Hosokawa, a business professor at Chubu University in Nagoya, the closest major metropolis to Toyota City. If Toyota's crisis depresses its global sales, "it will have an impact here," he says. (See the 50 worst cars of all time...
...public transportation. Metro Vancouver housing prices have rebounded from the worst recession lulls - year-over-year condo prices were up 15% in January - but it's still not the best time to be betting on real estate. "Things could still be peachy and wonderful," says Chris Shaw, an ophthalmology professor at the University of British Columbia and a vocal Olympic critic. "But they might not be. The whole Village fiasco leaves the city with fairly dangerous exposure...