Wednesday, October 03, 2007

The Importnace of Leadership to Growth

The following graph was published in the WSJ on October 3. A picture is worth a 1000 words. The only fundamental difference between the American car manufacturers and Toyota is leadership – cumulative leadership over the last 25 years lead to bad decisions on labor, design, and strategies. Toyota’s workforce is not more talented than those of the “Big 3”… it is all about leadership!

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