Where Did This Guy Get His Mba?

"Cutting jobs is the last thing should do," says Toyota Chairman Hiroshi Okuda, who maintains it's simply a quick fix to profits and share price. The positive aspects of Japan's long-held management Style should be honored, he says Was it only a decade ago that analysts were praising' the Japanese model in which management, labor and bank work together, allowing focus on term business strategy? Now, Japan's recession and global competition are pressuring Japanese firms to follow a Western model and focus on shareholder value. Yet, Okuda says "We still need to our workers our most important resources, rather than money or machines."

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