BMW’s business strategy: manufacturing close to its customers

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One of the top 3 automobile manufacturers in the world, headquartered in Munich, Germany, BMW Group is on a mission to spread its popular Mini to India. So they’re going to build them there.

According to a BBC News article, BMW Group is marking a new business trend by moving its factories closer to its customers.

«BMW is to begin building the Mini in India, in a move that suggests confidence in the country’s emerging car market.» Continue reading

Toyota Motors: The King of Total Quality Management

Total Quality Management (TQM) would not be what it is today without Toyota Motors.

Renowned for its lean production system, Toyota Motors is the tenth most important company in the world according to Fortune Global 500 and one of the only companies on the list to directly address TQM.

Graphs, extensive timelines and reports line the company’s website to address the evolution of TQM and Quality Control (QC) throughout its 75-year history. Continue reading

Business Initiative Directions Leadership Series: Farit Sahenk

ferit sahenk

The son of a self made Turkish millionaire, Ferit Sahenk was primed to be the CEO of B.I.D. Award winner Dogus Holdings from a very young age.

Even so, it is hard to imagine anyone being prepared enough to take the reigns suddenly of such a business at just 37 years old, in the midst of one of the most tumultuous financial moments in the nation’s history.

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The Toyota Way: Interview with Quality Engineer

In an interview with a former quality engineer from Toyota in Kentucky, U.S., we hear how Toyota’s management principles come to life everyday at the factory.

Some of the most engrained techniques he mentions include: kaizen meaning continuous improvement, sensei which is the Japanese word for mentor, 5s and A3 reporting.

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Leadership Series: Mario Draghi, The Man who Saved the Euro

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According to Mario Draghi, the Italian leader of the European Central Bank, the Eurozone can now exhale.  

Born just two years after the end of World War II into a broken country on the losing side of the war, Mario Draghi instinctively understands that the instability and hardship caused by en masse unemployment and uncontrolled inflation can be dangerous for even the most deep-rooted democracies.

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