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AIRLINES that don#146;t own a single plane; hoteliers who don#146;t build hotels; bankers without bank offices: a trend is developing among a growing number of companies which believe that freeing capital from assets like real estate and machinery can yield them higher returns.
I was extremely delighted when my editor assigned me to review this book, The I>Toyota Way /I>- I>14 Management Principles from the World's Greatest Manufacturer/Iwhich was released this year by McGraw-Hill. It was like a trip down memory lane, writes Khoo Kheng-Hor.
The processes and quality of governance of organisations have become highly relevant concerns of directors. This is especially so following highly publicised corporate failures over the last 10 years, notably in the United Kingdom and the United States, and more recently Parmalat in Italy.