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Toyota shake-up signals new direction

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© 2013 AFP

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But its management style had come in for criticism in recent years as too parochial for a global business,

Yup, just one of the serious flaws on the Japan Inc. model. Good to see Toyoda-san recognizes it, and is shaking things up. Unfortunately most CEO's in Japan do not have that kind of vison, nor the clout his last name gives him, to do the same. In most cases, CEO's were elected by their cronies on the board with the expectation they would not bring radical change. Japan is at least two decades behind the times in terms of management direcion.

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