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...When weak signals started coming out in 2002, Toyota's top management wasn't listening. By then, the heroic stage of Japan Inc. was over; parts of its business culture had become sclerotic. Compared with the nimbleness seen in Silicon Valley, Japan's manufacturers and their systems began to be seen as inflexible, too 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...
...early to say that consumers have not seen the last of massive, worldwide recalls of cars - in part because car companies have adopted the Toyota approach. Ford's new and highly praised strategy is to build "world cars" the way Toyota does, reducing the cost of manufacturing by making sure that more of its models share common parts on a relatively small number of platforms, built at plants around the world. That sounds like the epitome of manufacturing efficiency in our globalized economies. But it also explains why the brakes that caused the Prius' recall are found on Toyota...
...should have called him immediately when oil was seen on the ground,” he said. “It’s a good suggestion and a lesson learned...
Mora points out that Chinchilla, a former Justice Minister, "is generally regarded as an incorruptible woman, which is a very important calling card right now for Costa Ricans," who in the past decade have seen at least two former Presidents investigated (but so far not charged) in major financial-kickback cases. Still, he says, "the generational change she represents is the most significant." Being the first Tica President is definitely important - but taking Costa Rica back to the future will matter even more...
...Given all the antics we've seen out of overmarketed athletes in the past, it's only natural to at least wonder if Vonn is overstating her injury to either give herself a built-in excuse for falling short or set up a heroic tale of overcoming injury that American sports fans will devour. Her public personality doesn't suggest she'd ever hatch that kind of plan. And for her part, Vonn laughs off any suggestion that she's playing some kind of game. "Wow, I honestly have never thought of that," she says. "This is no way trying...