This is the actual headline from today’s paper edition of the Wall Street Journal : Oil Firm Intends to Increase Efficiency, Benefit From Improved Procurement In this article,(http://royaldutchshellplc.com/2010/03/02/bp-looks-to-boost-refining-profits/) Guy Chazan reports that BP has just announced a very aggressive target of improving profits by $3…
………does the earth tremble??? Well, perhaps that is an exaggeration, but maybe not much? After all, Toyota has been a Giant for quite some time, and not just in the auto industry. Its influence in Japan and the global economy is unparalleled; the Toyota way…
So, here is an example of taking some current news and draw some learnings from it. No doubt by now, everyone has heard about the massive problems that Toyota is experiencing. Below is one of the many articles on the topic (full disclosure…we were interviewed and are quoted in it). The challenge is that articles like this rarely dig into the deeper impacts of recent events. There’s so much to be learned from Toyota, but who is asking the right questions? I’ve posted a few below to get the discussion going…Looking forward to your responses.
This is a place for you to share what you have tried in your professional life, what lessons you have learned, what worked, what didn’t, post questions for others to answer etc. etc.
Got a great tip on how you applied some sourcing concept in your personal life? Did you just negotiate a great deal using BATNA? Share any tips that have worked for you here!!