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GENCHI GEMBUTSU | Toyota Production System

GENCHI GEMBUTSU | Toyota Production System

The important of basing strategic decision on firsthand understanding of customers is one of the core principles that underlies the Toyota Production System. At Toyota, this goes by the Japanese term genchi gembutsu, which is one of the most important phrases in the lean manufacturing vocabulary. In English, it is …

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How To Invest In Bonds?

How To Invest In Bonds?

The companies and the governments issue these bonds to fund their day-to-day operations or simply to finance their projects. When someone purchases a bond, he/she is going to loaning the money for a certain period of time to the issuer. In the return, the bond holder who is going to …

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What Are Bonds?

What Are Bonds?

What Are Bonds: Bond is basically a negotiable debt investment certificate which ensures a fixed income for a defined period of time; it is generally issued by a company or the government agency. An investor for bonds who offers the money to issuer and in the return to that, the …

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Why Startups Fail

Why Startups Fail

Why are startups failing so badly everywhere we look? The first problem is the allure of a good plan, a solid strategy, and thorough market research. In earlier eras, these things were indicators of likely success. The overwhelming temptation is to apply them to startups too, but this doesn’t work, …

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Berkshire Hathaway (The Warren Buffett Way)

Berkshire Hathaway (The Warren Buffett Way)

The original company, Berkshire Cotton Manufacturing, was incorporated in 1889. Forty years later, Berkshire combined operations with the several other textile mills, resulting in one of the New England’s largest industrial companies. During this period, Berkshire produced approximately 25 percent of the country’s cotton needs and absorbed 1 percent of …

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