The Toyota Way: 14 Management Principles from the World's Greatest Manufacturer

answer the following for principle 3 which is : Base your management decisions on aong term philosophy

principle 3 only please

• Provide details that clearly demonstrate your understanding of the principle.
• Illustrate the principle with current business examples.
• State your belief of the relevance of this principles to an American company.
• Reflect the impact of a countrys culture on implementation of this principles
• Describe how as a change agent of lean you would embrace this principle within an organization or how you might modify the presentation to help sell the general idea.