Toyota was a change agent (IIPM Editorial)

When Toyota arrived in the 1970s, it too was accused of upsetting the status quo. Decades have passed, and most people now accept that Toyota simply had a better way of doing business. Its value proposition to consumers raised the standards of the entire industry, requiring many car companies that had lost their manufacturing and design edge to wake up, reinvent their ways and start making better cars for a lot less. Toyota was a change agent, and as such has done more for society than any failing company. And that’s the Wal-Mart story too. It’s a great company that helps consumers and employees win and grow, and as long as it does, it will too – deservedly so.

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Source: IIPM - Business & Economy