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No management approach can be a panacea for all business problems. In other words, for every management approach, there exists a set of conditions under which the approach would work effectively. On the other hand, if a management approach is effective under certain conditions, there is potential for its effectiveness to be generalized beyond the current boundaries.
The purpose of this session is to examine the Toyota Production System (TPS) from these perspectives. Viewers can learn about the untold essence of the TPS, contributing to their own management methods for enhanced productivity.
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