Creation and Continuous Development of the Toyota Production System for Solving Current and Potential Business Crises

AbstractThe following sections are included:IntroductionDefinitions of Crisis and Crisis ManagementOrigin and Subsequent Deployment of TPSToyota’s bankruptcy and lessons learnedWhat the TPS brought was the grand sum of problem solvingProblem-solving capability and simultaneous crises coming from increasing globalization and complexityOrganization Capability Building for Dealing with Unexpected CrisesToyota’s lessons from the 2011 earthquake in Eastern JapanEducation system for building problem-solving capabilityToyota’s problem-solving capability issueConclusions and Future ResearchAcknowledgmentsReferences