A Japanese company (Toyota) and an American company

New Post Public Reply Private Reply Replies (1) Message Board
wowhappens28
365
A Japanese company (Toyota) and an American company (General Motors) decided to have a canoe race on the Missouri River. Both teams practiced long and hard to reach their peak performance before the race.

On the big day, the Japanese won by a mile .

The Americans, very discouraged and depressed, decided to investigate the reason for the crushing defeat. A management team made up of senior management was formed to investigate and recommend appropriate action.

Their conclusion was the Japanese had 8 people paddling and 1 person steering, while the American team had 7 people steering and 2 people paddling.

Feeling a deeper study was in order, American management hired a consulting company and paid them a large amount of money for a second opinion.


They advised, of course, that too many people were steering the boat, while not enough people were paddling.


Not sure of how to utilize that information, but wanting to prevent another loss to the Japanese, the paddling team's management structure was totally reorganized to 4 steering supervisors, 2 area steering superintendents and 1 assistant superintendent steering manager.

They also implemented a new performance system that would give the 2 people paddling the boat greater incentive to work harder . It was called the 'Rowing Team Quality First Program, with meetings, dinners and free pens for the paddlers. There was discussion of getting new paddles, canoes and other equipment, extra vacation days for practices , and bonuses. The pension program was trimmed to 'equal the competition' and some of the resultant savings were channeled into morale boosting programs and teamwork posters.

The next year the Japanese won by two miles.

Humiliated, the American management laid off one paddler, halted development of a new canoe , sold all the paddles, and cancelled all capital investments for new equipment. The money saved was distributed to the Senior Executives as bonuses.

The next year, try as he might, the lone designated paddler was unable to even finish the race (having no paddles), so he was laid off for unacceptable performance, all canoe equipment was sold and the next year's racing team was out-sourced to India.

Sadly, the End.

Here's something else to think about:

GM has spent the last thirty years moving all its factories out of the US claiming they can't make money paying American wages.

TOYOTA has spent the last thirty years building more than a dozen plants inside the US.


The last quarter's results:

TOYOTA makes 4 billion in profits while GM rack s up 9 billion in losses.

GM folks are still scratching their heads, and collecting bonuses....

IF THIS WEREN'T SO TRUE IT MIGHT BE FUNNY.
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Top 5 Most Recently Viewed Articles

PrideStaff's New Office Location Elevates Service Experience

Updated Category News Views 130

PrideStaff Relocates to a Central Location for Better Service PrideStaff, a nationally franchised staffing organization, is excited to announce the relocation of its Visalia office to 123 South Church Street. This move symbolizes a commitment to improved service for clients and candidates in Central Valley. New Location Enhances Accessibility Situated near Main Street and...

Continue Reading
Nidec Corp Faces Scrutiny Amid Ongoing Investigations

Updated Category News Views 238

Understanding the Current Situation of Nidec Corporation Nidec Corporation (OTC: NJDCY) has recently found itself in troubled waters as allegations emerge concerning its accounting practices. The company has established a third-party committee to investigate these concerns, following suspicions of inappropriate financial reporting. Investments at Risk: What Happened?...

Continue Reading
Thyristor and IGCT Market Rapid Growth Forecast Until 2034

Updated Category News Views 117

Thyristor and IGCT Market Overview The Thyristor and IGCT market is emerging as a key player in the power electronics industry, showing promising growth from USD 2.1 billion recently to an anticipated USD 3.5 billion by 2034. This upward trend equates to a compound annual growth rate (CAGR) of 5.3% during the forecast period. Drivers of Market Growth Increasing Demand for...

Continue Reading
Indivior PLC Faces Legal Challenge: A Call for Investors to Act

Updated Category News Views 198

Indivior PLC Under Legal Scrutiny: What Investors Should Know Investors now have a notable chance to take the lead in a class action lawsuit against Indivior PLC (NASDAQ: INDV), due to serious allegations of securities fraud. The ongoing legal battles have created unease among shareholders and could open a path for investors who experienced significant losses and are...

Continue Reading
Bybit and Block Scholes Reveal Market Insights for ETH and SOL

Updated Category News Views 119

Market Insights from Bybit and Block Scholes Bybit, recognized as the world's second-largest cryptocurrency exchange by trading volume, recently shared its insightful report in collaboration with Block Scholes. The results showcase significant market movements, particularly with Ethereum (ETH) and Solana (SOL). Market players are keenly observing these developments as...

Continue Reading