STRANGE concept to make money...?

Question

http://www.nytimes.com/2007/01/04/business/04auto.html

Is it not strange that Toyota's good fortunes are a result of...lack of vision?...short-term greed?...poor quality product...

When the QUALITY of ANY product is paramount, the money comes as a FUNCTION of that...people are always willing to pay for quality, but not always to pay for gimmicks.

Maybe that's something that should be taught in America's business school's...privatize the company(so you are not slaves to a few major stockholders who raid the coffers at every turn), and have a sense of vision(beyond dollars signs in your eyes).

Answer 1

Actually, the transplants (Toyota, Honda, etc) have a habit of spending a lot of money at the beginning of program to fix the problems asap. They are being pro-active. And the issues are not just fixed for the one issue, they look to see how it will benefit other areas.

US Automakers are more reactive - meaning they tend to wait for a problem to arise before addressing it.

Answer 2

The main reason to go public is to generate more income through investment so you can progress the business. Quality and vision don't always determine the outcome, it is the market that does.