Review (not summary) of related to the issues. Choose minimum 4 articles to review. Area: Kaizen costing
Question:
Review (not summary) of related to the issues. Choose minimum 4 articles to review.
Area: Kaizen costing
Company: Toyota
Issues:
1. Bureaucracy - executive replaced by the one who is lack of automobile experience, fail to implement effective teamwork. Solution by establish unity of command, implement Kaizen activities such as quality control circles and workplace discipline to improve performance.
2. Overconfidence - did not prepare for reduction in sales and consumer complains, fail to collect competitor's information. Solution by implementing effective evaluation strategy on current market condition, implement Kaizen activities on total product maintenance and total quality control to improve customer satisfaction.
3. Weak management - the president was not ready to manage world-class company, unable to explain the cause of problems and how to settle them. Solution, fired/replaced with qualified individuals, shall consider Kaizen to reduce cost.
Ethical Obligations and Decision Making in Accounting Text and Cases
ISBN: 978-0077862213
3rd edition
Authors: Steven Mintz, Roselyn Morris