Risks of Global Production Systems: Lessons from Toyota's Mass Recalls

Risks of Global Production Systems: Lessons from Toyota's Mass Recalls

The faulty accelerator that resulted in a nightmarish recall of nearly 10 million vehicles by Toyota Motor illuminated systemic risks in global production systems widely adopted by multinational corporations. Threats can originate internally (overseas plants); externally (foreign parts suppliers); t...

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Veröffentlicht in:SERI quarterly (Seoul) 2010-07, Vol.3 (3), p.65
1. Verfasser: Minhyung, Kang
Format: Artikel
Sprache:eng
Schlagworte:
Automobile industry
Automotive parts
Automotive parts industry
Cost reduction
Employees
Globalization
Intellectual property
Manufacturers
Manufacturing
Motorcycles
Product recalls
Production management
Quality control
Quality management
Risk management
Suppliers
Tacit knowledge
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Zusammenfassung:The faulty accelerator that resulted in a nightmarish recall of nearly 10 million vehicles by Toyota Motor illuminated systemic risks in global production systems widely adopted by multinational corporations. Threats can originate internally (overseas plants); externally (foreign parts suppliers); the product; related companies and foreign governments. To minimize risks companies need to balance globalization and localization strategies and protect proprietary information. [PUBLICATION ABSTRACT]
ISSN:1976-7250