Toyota Production System

I have always been fond of trucks. Even before I learned how to drive, I pictured my future self happily owning one. As I got older and began to drive, I would often joke with my parents about getting a truck when I turned sixteen. Most of the time they said something humorous back, but they knew in reality, I wasn’t actually joking. By the time I turned sixteen, I had yet to obtain my driver’s license. I was not at all motivated in acquiring it, because I didn’t have my own vehicle to drive. My…

A Lamborghini and a Toyota Supra line up to race. The Lamborghini is a 650 horsepower V10 while the Toyota Supra is secretly a 1,600 horsepower inline six. Who will win? There are all kinds of cars that can be modified to go faster than originally built. There are only certain modified cars that can beat stock cars. Depending on the car, modified cars are better because they have a better appearance, competitive prices, and have a much bigger potential for speed. Stock cars and modified cars…

Toyota Corolla vs. Nissan Sentra Although the Toyota Corolla has been around since 1966, and the Nissan Sentra only since 1982, both have stood their test of time. For any incoming college student or newly married couple both Corolla and Sentra have proven to be the most popular among all of the compact cars. The reasons for this phenomenon are their reasonable starting prices, how many miles to the gallon they get also known as fuel economy and the wide range of colors offered. Now let us see…

have come to realize is that we really can’t have a democracy as long as capitalism is our economic system. If the majority of people in this country do not own the means of production (capitalism), then they do not own or control society (democracy). That is why it is my belief, and I have no doubt that there are other stipulations, that if the majority can somehow gain control of the means of production as socialism describes, we have a greater chance of establishing a true…

more relevant with the contemporary world. I will be first examining the viewpoint of Marx and then would be analyzing Weber’s take on this. Marx, a conflict theorist, bases his analysis of social stratification on the ownership of the means of production. This leads to the concept of classes, which according to him, are of two types. As he states in Communist Manifesto; “society as a whole is more and more splitting up into two great hostile camps, into two great classes directly facing each…

Karl Marx, Emile Durkheim and Max Weber are three fundamental figureheads in the foundation of sociology who asserted that our lifestyles are products of the society in which we live. They all lived in a period of great social change, that of the Industrial Revolution, and based their writings and musings upon what they observed happening around them and extrapolated as to the condition of the future. One foundational product of contemporary societies, that truly came into existence at the time…

capitalism, collective capitalism, and so on. The definition of capitalism is “a system of generalized commodity production in which wealth is owned privately and economic life is organized according to market principle (Heywood, 2007)”. Many theorists, like Simon Tormey (2004) and Ellen Meiksins Wood (1991), also identify capitalism as a system. It could be argued…

the fixed cost structure8. I think that if this was a recurring order, I strongly suggest using the fixed cost structure since the fixed cost are taken care of already regardless of the special order and will only rise if it is out of the relevant production range. This can be seen by the higher contribution margin using the fixed cost structure. I would suggest avoiding the special order under most circumstances if there is no excess capacity because the company would lose $40.59 per burger…

self-interested beings who can only be forced to act with the assurance of financial gain. This understanding has it that free market capitalism is a natural side effect of this avarice, this social-Darwinist hunger for supremacy and materialism, and that any system that disregards this imperative “human nature” is censured to proletariat misery. When we remove the capitalist industrialist lenses, Marx says that we can examine and distinguish that there is something, in fact, in human nature and…

Henry Ford, founder of the Ford Motor Company, popularized Fordism in the 1920’s. Signifying the development of mass production and the establishment of what is now recognised as consumerism. Ford developed the model of mass production, changing the way products were manufactured, simplifying tasks and reducing the necessity for skilled workers in labour roles and introduced management positions to the manufacturing industry. A fundamental principle Henry Ford pioneered was that product…