Sakichi Toyoda’s Toyoda Precepts emphasized values such as:
ACompetition, individualism, and profit-sharing
BConsumerism, hierarchy, and authority
CAutomation, uniformity, and central control
DCreativity, practicality, and respect
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Related Questions:
What does Taylor’s 'Differential Piece Wage System' emphasize?
Who is known as the 'Father of Scientific Management'?
Who introduced Statistical Process Control (SPC) and the PDCA Cycle (Plan–Do–Check–Act) in Japan?
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Identify the key components of a system as described in the Systems Approach to Management.
- Input, Process, Output, Feedback, and Environment are the fundamental elements.
- Only Input and Output are considered crucial components.
- Environment and Feedback are external factors not integral to the system's core.
- Process is the transformation phase where inputs are converted into outputs.